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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):        November 14, 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 230.425)
¨ 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 November 12, 2025, New Concept Energy, Inc. (“GBR” or the “Company”) announced its operational results for the quarter ended September 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 November 12, 2025

 

 

_________________________

* Furnished herewith

 

   

 

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: November 13, 2025

 

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

 

 

 

 

 

 

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 Third Quarter 2025 Results

 

 

 

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

 

The Company reported a net loss of ($20,000) for the three months ended September 30, 2024, as compared to a net loss of ($4,000) for the similar period in 2023.

 

For the three months ended September 30, 2025 the Company had revenue of $39,000 including $26,000 for rental revenue and $13,000 for management fees as compared to revenue of $37,000 including $26,000 for rental revenue and $11,000 for management fees for the comparative period in 2024.

 

For the three months ended September 30, 2025, corporate general & administrative expenses were $88,000 as compared to $79,000 for the comparable periods in 2024.

 

For the three months ended September 30, 2024, interest income was $43,000 as compared to $52,000 for the comparable periods 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)

 

    September 30,
2025
   

December 31,

2024

 
      (Unaudited)       (Audited)  
Assets                
                 
Current assets                
Cash and cash equivalents   $ 307     $ 363  
Other current assets     27       9  
Total current assets     334       372  
                 
Property and equipment, net of depreciation                
Land, buildings and equipment     626       636  
                 
Note and interest receivable - related party                
Note receivable     3,542       3,542  
Interest receivable     40       44  
      3,582       3,586  
                 
Total assets   $ 4,542     $ 4,594  

 

   

 

NEW CONCEPT ENERGY, INC. AND SUBSIDIARY

CONDENSED CONSOLIDATED BALANCE SHEETS - CONTINUED

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

 

    September 30,
2025
   

December 31,

2024

 
      (Unaudited)       (Audited)  
Liabilities and stockholders' equity                
                 
Current liabilities                
Accounts payable   $ 27     $ 20  
Accrued expenses     36       37  
Total current liabilities     63       57  
                 
                 
Stockholders' equity                

Preferred stock, Series B, $10 par value; authorized 100,000 shares, 1 issued and outstanding at September 30, 2025 and December 31, 2024

    1       1  

Common stock, $.01 par value; authorized, 100,000,000 shares; issued and outstanding, 5,131,934 shares at September 30, 2025 and December 31, 2024

    51       51  
Additional paid-in capital     63,579       63,579  
Accumulated deficit     (59,152 )     (59,094 )
Total stockholders' equity     4,479       4,537  
                 
Total liabilities & stockholders' equity   $ 4,542     $ 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 September 30,

   

For the Nine Months

ended September 30,

 
                         
      2025       2024       2025       2024  
Revenue                                
Rent   $ 26     $ 26     $ 78     $ 76  
Management Fee     13       11       39       34  
Total Revenues     39       37       117       110  
                                 
Operating Expenses                                
Operating Expenses     14       14       41       39  
Corporate general and administrative     88       79       262       235  
Total Operating Expenses     102       93       303       274  
                                 
Loss from operations     (63 )     (56 )     (186 )     (164 )
                                 
Other Income                                
Interest income from related parties     40       50       117       160  
Interest income from a third party     3       2       11       5  
Total Other Income     43       52       128       165  
                                 
Net income (loss) applicable to common shares   $ (20 )   $ (4 )   $ (58 )   $ 1  
                                 
Net income (loss) per common share-basic and diluted   $ (0.01 )   $ (0.01 )   $ (0.01 )   $ 0.01  
                                 
Weighted average common and equivalent shares outstanding - basic and diluted     5,132       5,132       5,132       5,132