New Concept Energy, Inc (GBR) financial statements (2022 and earlier)

Company profile

Business Address 1603 LBJ FREEWAY
DALLAS, TX 75234
State of Incorp. NV
Fiscal Year End December 31
SIC 1311 - Crude Petroleum and Natural Gas (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2522722361419113
Cash and cash equivalents2522722361419113
Receivables3,5603,6834,1194,135103119
Other current assets 92   206
Total current assets:3,8123,8024,1414,496522438
Noncurrent Assets
Property, plant and equipment643656668618661731
Oil and gas property, full cost method  7672,5172,7215,608
Long-term investments and receivables 153214251301 
Accounts and financing receivable, after allowance for credit loss 153214251301 
Other undisclosed noncurrent assets     401
Total noncurrent assets:6438091,6493,3863,6836,740
TOTAL ASSETS:4,4554,6115,7907,8824,2057,178
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities6011239091475297
Accounts payable288035559446238
Accrued liabilities323235322959
Debt 5244598196
Due to related parties     160
Other undisclosed current liabilities     (160)
Total current liabilities:60164434150556393
Noncurrent Liabilities
Long-term debt and lease obligation  245289359296
Long-term debt, excluding current maturities  245289359296
Other undisclosed noncurrent liabilities 1222,7022,6822,6542,770
Total noncurrent liabilities: 1222,9472,9713,0133,066
Total liabilities:602863,3813,1213,5693,459
Stockholders' equity
Stockholders' equity attributable to parent4,3954,3252,4094,7616363,719
Preferred stock111111
Common stock515151512120
Additional paid in capital63,57963,57963,57963,57959,00058,838
Accumulated deficit(59,236)(59,306)(61,222)(58,870)(58,386)(55,140)
Total stockholders' equity:4,3954,3252,4094,7616363,719
TOTAL LIABILITIES AND EQUITY:4,4554,6115,7907,8824,2057,178

Income statement (P&L) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues101 590682791764
Revenue, net791764
Cost of revenue
(Cost of Goods and Services Sold)
(101)(101)  (1,027) 
Gross profit: (101)590682(236)764
Operating expenses(437)(396)(3,383)(1,197)(4,061)(1,533)
Other operating expense, net     (110)
Other undisclosed operating income101130  1,027110
Operating loss:(336)(367)(2,793)(515)(3,270)(769)
Nonoperating income406315441312923
Investment income, nonoperating  257372523
Other nonoperating income191 1991228 
Interest and debt expense(5) (15)(18)(24)38
Income (loss) from continuing operations before income taxes:65(52)(2,367)(502)(3,265)(708)
Income tax expense     (3)
Income (loss) from continuing operations:65(52)(2,367)(502)(3,265)(711)
Income (loss) from discontinued operations 1,968  (5)4
Net income (loss):651,916(2,367)(502)(3,270)(707)
Other undisclosed net income attributable to parent5 151824755
Net income (loss) available to common stockholders, diluted:701,916(2,352)(484)(3,246)48

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income (loss):651,916(2,367)(502)(3,270)(707)
Comprehensive income (loss), net of tax, attributable to parent:651,916(2,367)(502)(3,270)(707)

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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