GBR 8-K
New Concept Energy, Inc. (GBR)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Indicate by check mark whether the Registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (‘230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (‘240.12b-2 of this chapter).
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Section 2 – Financial Information Statements
Item 2.02. Results of Operations and Financial Condition.
On May 7, 2026, New Concept Energy, Inc. (“GBR” or the “Company”) announced its operational results for the quarter ended March 31, 2026. A copy of the announcement is attached as Exhibit “99.1.”
The information furnished pursuant to Item 2.02 in this Form 8-K, including Exhibit “99.1” attached hereto, shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that Section, unless we specifically incorporate it by reference in a document filed under the Securities Act of 1933 or the Securities Exchange Act of 1934. We undertake no duty or obligation to publicly update or revise the information furnished pursuant to Item 2.02 of this Current Report on Form 8-K.
Section 9 – Financial Statements and Exhibits
Item 99.2 Financial Statements and Exhibits.
(d) Exhibits. The following exhibit is furnished with this Report:
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Exhibit
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Description | |
| 99.1* | Press Release, dated May 7, 2026 |
_________________________
* Furnished herewith
Dated: May 8, 2026.
| NEW CONCEPT ENERGY, INC. | ||
| By: | /s/ Gene S. Bertcher | |
| Gene S. Bertcher, President, Chief | ||
| Executive Officer and Chief Financial | ||
| Officer | ||
Exhibit 99.1
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NEWS RELEASE
FOR IMMEDIATE RELEASE
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Contact:
New Concept Energy Inc. Investor Relations Gene Bertcher, (800) 400-6407
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New Concept Energy, Inc. Reports First Quarter 2026 Results
Dallas (May 7, 2026) – New Concept Energy, Inc. (NYSE American: GBR), (the “Company” or “NCE”) a Dallas-based company, today reported Results of Operations for the first quarter ended March 31, 2026.
The Company reported a net loss from continuing operations of ($14,000) for three months ended March 31, 2026, as compared to a net loss of ( $20,000) for the similar period in 2025.
For the three months ended March 31,2026 the Company had revenue of $39,000 including $26,000 for rental income and $13,000 in management fees. For the three months ended March 31,2025 the Company had revenue of $38,000 including $26,000 for rental income and $12,000 in management fees.
For the three months ended March 31, 2026, corporate general & administrative expenses were $77,000 as compared to $89,000 for the comparable period in 2025.
About New Concept Energy, Inc.
New Concept Energy, Inc. is a Dallas-based company which owns real estate in West Virginia and provides management services for a third-party oil and gas company. For more information, visit the Company’s website at www.newconceptenergy.com.
Contact: New Concept Energy, Inc.
Gene Bertcher, (800) 400-6407
NEW CONCEPT ENERGY, INC. AND SUBSIDIARY
CONDENSED CONSOLIDATED BALANCE SHEETS
(amounts in thousands)
March 31, 2026 | December 31, 2025 | |||||||
| (Unaudited) | (Audited) | |||||||
| Assets | ||||||||
| Current assets | ||||||||
| Cash and cash equivalents | $ | 318 | $ | 383 | ||||
| Other current assets | 62 | 13 | ||||||
| Total current assets | 380 | 396 | ||||||
| Property and equipment, net of depreciation | ||||||||
| Land, buildings and equipment | 619 | 622 | ||||||
| Note and interest receivable - related party | ||||||||
| Note receivable | 3,542 | 3,542 | ||||||
| Interest receivable | - | - | ||||||
| 3,542 | 3,542 | |||||||
| Total assets | $ | 4,541 | $ | 4,560 | ||||
NEW CONCEPT ENERGY, INC. AND SUBSIDIARY
CONDENSED CONSOLIDATED BALANCE SHEETS - CONTINUED
(dollars in thousands, except per share value amounts)
March 31, 2026 | December 31, 2025 | |||||||
| (Unaudited) | (Audited) | |||||||
| Liabilities and stockholders' equity | ||||||||
| Current liabilities | ||||||||
| Accounts payable (including $8 due to related parties in 2026 and 2025) | $ | 25 | $ | 26 | ||||
| Accrued expenses | 39 | 43 | ||||||
| Total current liabilities | 64 | 69 | ||||||
| Stockholders' equity | ||||||||
| Preferred stock, Series B, $10 par value; authorized 100,000 shares, 1 issued and outstanding at March 31, 2026 and December 31, 2025 | 1 | 1 | ||||||
| Common stock, $.01 par value; authorized, 100,000,000 shares; issued and outstanding, 5,131,934 shares at March 31, 2026 and December 31, 2025 | 51 | 51 | ||||||
| Additional paid-in capital | 63,579 | 63,579 | ||||||
| Accumulated deficit | (59,154 | ) | (59,140 | ) | ||||
| Total stockholders' equity | 4,477 | 4,491 | ||||||
| Total liabilities and stockholders' equity | $ | 4,541 | $ | 4,560 | ||||
NEW CONCEPT ENERGY, INC. AND SUBSIDIARY
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(amounts in thousands, except per share data)
Three Months ended March 31, | ||||||||
| 2026 | 2025 | |||||||
| (Unaudited) | (Unaudited) | |||||||
| Revenue | ||||||||
| Rent | $ | 26 | $ | 26 | ||||
| Management fees | 13 | 12 | ||||||
| Total Revenues | 39 | 38 | ||||||
| Operating Expenses | ||||||||
| Operating expenses | 13 | 12 | ||||||
| Corporate general and administrative | 77 | 89 | ||||||
| Total Operating Expenses | 90 | 101 | ||||||
| Loss from operations | (51 | ) | (63 | ) | ||||
| Other Income | ||||||||
| Interest income ($34 and $39 from related parties in 2026 and 2025) | 37 | 43 | ||||||
| Total Other Income | 37 | 43 | ||||||
| Net income (loss) applicable to common shares | $ | (14 | ) | $ | (20 | ) | ||
| Net income (loss) per common share-basic and diluted | $ | (0.01 | ) | $ | (0.01 | ) | ||
| Weighted average common and equivalent shares outstanding - basic and diluted | 5,132 | 5,132 | ||||||