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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of the Securities Exchange Act

 

Date of Report (Date of earliest event reported): August 12, 2025

 

NEW CONCEPT ENERGY, INC.

 

(Exact Name of Registrant as Specified in its Charter)

 

Nevada 000-08187 75-2399477

(State or other

jurisdiction of incorporation)

(Commission

File No.)

(I.R.S. Employer

Identification No.)

     
   

1603 LBJ Freeway, Suite 800

Dallas, Texas

75234
(Address of principal executive offices) (Zip Code)

 

Registrant’s telephone number, including area code 972-407-8400

 

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions:

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 30.425)
¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

 

Title of Each Class

Trading

Symbol

 

Name of Each Exchange on which Registered

 

Common Stock, par value $0.01

 

GBR

 

NYSE American

 

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).

Emerging growth company ¨

 

If an emerging growth company, indicate by check mark if the Registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.     ¨

 

 

   

 

Section 2 – Financial Information

 

Item 2.02. Results of Operations and Financial Condition

 

On August 12, 2025, New Concept Energy, Inc. (“GBR” or the “Company”) announced its operational results for the quarter ended June 30, 2025. 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 9.01. Financial Statements and Exhibits

 

(d)       Exhibits.

 

The following exhibit is furnished with this Report:

 

Exhibit

Designation

 

 

Description of Exhibit

     
99.1*   Press Release, dated August 12, 2025

 

 

       _________________________

* Furnished herewith

 

  2  

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Current Report on Form 8-K to be signed on its behalf by the undersigned, hereunto duly authorized.

 

Dated: August 14, 2025

 

  NEW CONCEPT ENERGY, INC.
   
     
  By: /s/ Gene S. Bertcher
    Gene S. Bertcher, President and Chief Executive and Financial Officer

 

 

3

 

 

 

EX-99.1 2 ex99_1.htm EXHIBIT 99.1

 

Exhibit 99.1

 

 

NEWS RELEASE

 

FOR IMMEDIATE RELEASE

 

Contact:

 

New Concept Energy Inc.

Investor Relations

Gene Bertcher, (800) 400-6407

info@newconceptenergy.com

 

 

 

 

 

New Concept Energy, Inc. Reports Second Quarter 2025 Results 

 

 

Dallas (August 12, 2025) – New Concept Energy, Inc. (NYSE American: GBR), (the “Company” or “NCE”) a Dallas-based company, today reported Results of Operations for the second quarter ended June 30, 2025.

 

The Company reported a net loss from continuing operations of ($18,000) for three months ended June 30, 2025, as compared to net income of $3,000 for the similar period in 2024.

 

For the three months ended June 30, 2025 the Company had revenue of $40,000 including $26,000 for rental income and $14,000 in management fees. For the three months ended June 30, 2024 the Company had revenue of $37,000 including $25,000 for rental income and $12,000 in management fees.

 

For the three months ended June 30, 2025, corporate general & administrative expenses were $85,000 as compared to $78,000 for the comparable period in 2024. 

 

For the three months ended June 30, 2025, interest income was $42,000 as compared to $56,000 for the comparable period in 2024. 

 

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

info@newconceptenergy.com

 

   

 

NEW CONCEPT ENERGY, INC. AND SUBSIDIARY

CONDENSED CONSOLIDATED BALANCE SHEETS

(amounts in thousands) 

 

    June 30,
 2025
    December 31,
2024
 
    (Unaudited)     (Audited)  
Assets                
                 
Current assets                
Cash and cash equivalents   $ 356     $ 363  
Other current assets     47       9  
Total current assets     403       372  
                 
Property and equipment, net of depreciation                
Land, buildings and equipment     629       636  
                 
Note and interest receivable - related party                
Note receivable     3,542       3,542  
Interest receivable     -       44  
      3,542       3,586  
                 
Total assets   $ 4,574     $ 4,594  

 

   

 

NEW CONCEPT ENERGY, INC. AND SUBSIDIARY

CONDENSED CONSOLIDATED BALANCE SHEETS - CONTINUED

(amounts in thousands, except share and par value amount) 

 

    June 30,
 2025
    December 31,
2024
 
    (Unaudited)     (Audited)  
Liabilities and stockholders' equity                
                 
Current liabilities                
Accounts payable   $ 27     $ 20  
Accrued expenses     48       37  
Total current liabilities     75       57  
                 
                 
Stockholders' equity                
Preferred stock, Series B, $10 par value; authorized 100,000 shares, 1 issued and     1       1  
outstanding at June 30, 2025 and December 31, 2024                
Common stock, $.01 par value; authorized, 100,000,000                
shares; issued and outstanding,  5,131,934  shares                
at June 30, 2025 and December 31, 2024     51       51  
Additional paid-in capital     63,579       63,579  
Accumulated deficit     (59,132 )     (59,094 )
                 
Total stockholders' equity     4,499       4,537  
                 
Total liabilities & stockholders' equity   $ 4,574     $ 4,594  

 

   

  

NEW CONCEPT ENERGY, INC AND SUBSIDIARY

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited)

(amounts in thousands, except per share data)

 

    For the Three Months
ended June 30,
    For the Six Months
ended June 30,
 
                         
    2025     2024     2025     2024  
Revenue                                
Rent   $ 26     $ 25     $ 52     $ 50  
Management fee     14       12       26       23  
Total revenues     40       37       78       73  
                                 
                                 
Operating expenses                                
Operating expenses     15       12       27       25  
Corporate general and administrative     85       78       174       156  
Total operating expenses     100       90       201       181  
                                 
Loss from operations     (60 )     (53 )     (123 )     (108 )
                                 
Other income                                
Interest income (from related parties)     42       56       85       113  
Total other income     42       56       85       113  
                                 
Net income (loss) applicable to common shares   $ (18 )   $ 3     $ (38 )   $ 5  
                                 
Net income (loss) per common share-basic and diluted   $ (0.00 )   $ 0.00     $ (0.00 )   $ 0.00  
                                 
Weighted average common and equivalent shares outstanding - basic and diluted     5,132       5,132       5,132       5,132