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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): May 7, 2026

 

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 300

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 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:

 

Exhibit

Designation

 

 

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

 

 

 

 

 

 

EX-99.1 3 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 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

info@newconceptenergy.com

 

   

 

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