New Concept Energy, Inc (GBR) Financial Statements (2024 and earlier)
Company Profile
Business Address |
1603 LBJ FREEWAY DALLAS, TX 75234 |
State of Incorp. | NV |
Fiscal Year End | December 31 |
Industry (SIC) | 1311 - Crude Petroleum and Natural Gas (benchmarking) |
More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
9/30/2023 MRQ | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | |||
---|---|---|---|---|---|---|---|---|---|
ASSETS | |||||||||
Current Assets | |||||||||
Cash, cash equivalents, and short-term investments | 436 | 252 | 27 | 22 | 361 | 419 | |||
Cash and cash equivalents | 436 | 252 | 27 | 22 | 361 | 419 | |||
Receivables | 3,560 | 3,683 | 4,119 | 4,135 | 103 | ||||
Other current assets | 30 | 92 | |||||||
Other undisclosed current assets | 3,542 | ||||||||
Total current assets: | 4,008 | 3,812 | 3,802 | 4,141 | 4,496 | 522 | |||
Noncurrent Assets | |||||||||
Property, plant and equipment | 631 | 643 | 656 | 668 | 618 | 661 | |||
Oil and gas property, full cost method | 767 | 2,517 | 2,721 | ||||||
Long-term investments and receivables | 153 | 214 | 251 | 301 | |||||
Accounts and financing receivable, after allowance for credit loss | 153 | 214 | 251 | 301 | |||||
Other undisclosed noncurrent assets | |||||||||
Total noncurrent assets: | 631 | 643 | 809 | 1,649 | 3,386 | 3,683 | |||
TOTAL ASSETS: | 4,639 | 4,455 | 4,611 | 5,790 | 7,882 | 4,205 | |||
LIABILITIES AND EQUITY | |||||||||
Liabilities | |||||||||
Current Liabilities | |||||||||
Accounts payable and accrued liabilities | 63 | 60 | 112 | 390 | 91 | 475 | |||
Accounts payable | 23 | 28 | 80 | 355 | 59 | 446 | |||
Accrued liabilities | 40 | 32 | 32 | 35 | 32 | 29 | |||
Debt | 52 | 44 | 59 | 81 | |||||
Total current liabilities: | 63 | 60 | 164 | 434 | 150 | 556 | |||
Noncurrent Liabilities | |||||||||
Long-term debt and lease obligation | 245 | 289 | 359 | ||||||
Long-term debt, excluding current maturities | 245 | 289 | 359 | ||||||
Other undisclosed noncurrent liabilities | 122 | 2,702 | 2,682 | 2,654 | |||||
Total noncurrent liabilities: | 122 | 2,947 | 2,971 | 3,013 | |||||
Total liabilities: | 63 | 60 | 286 | 3,381 | 3,121 | 3,569 | |||
Equity | |||||||||
Equity, attributable to parent | 4,576 | 4,395 | 4,325 | 2,409 | 4,761 | 636 | |||
Preferred stock | 1 | 1 | 1 | 1 | 1 | 1 | |||
Common stock | 51 | 51 | 51 | 51 | 51 | 21 | |||
Additional paid in capital | 63,579 | 63,579 | 63,579 | 63,579 | 63,579 | 59,000 | |||
Accumulated deficit | (59,055) | (59,236) | (59,306) | (61,222) | (58,870) | (58,386) | |||
Total equity: | 4,576 | 4,395 | 4,325 | 2,409 | 4,761 | 636 | |||
TOTAL LIABILITIES AND EQUITY: | 4,639 | 4,455 | 4,611 | 5,790 | 7,882 | 4,205 |
Income Statement (P&L) ($ in thousands)
9/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
---|---|---|---|---|---|---|---|---|
Revenues | 212 | 101 | 590 | 682 | 791 | |||
Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 791 | |
Cost of revenue (Cost of Goods and Services Sold) | (101) | (101) | (1,027) | |||||
Other undisclosed gross profit | ||||||||
Gross profit: | 212 | (101) | 590 | 682 | (236) | |||
Operating expenses | (374) | (437) | (396) | (3,383) | (1,197) | (4,061) | ||
Other undisclosed operating income (loss) | 101 | 130 | 1,027 | |||||
Operating loss: | (162) | (336) | (367) | (2,793) | (515) | (3,270) | ||
Nonoperating income | 343 | 406 | 315 | 441 | 31 | 29 | ||
Investment income, nonoperating | 257 | 37 | 25 | |||||
Other nonoperating income | 131 | 191 | 199 | 12 | 28 | |||
Interest and debt expense | (5) | (15) | (18) | (24) | ||||
Income (loss) from continuing operations: | 181 | 65 | (52) | (2,367) | (502) | (3,265) | ||
Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | 65 | 1,916 | (2,367) | (502) | (3,270) | |
Income (loss) from discontinued operations | 1,968 | (5) | ||||||
Net income (loss): | 181 | 65 | 1,916 | (2,367) | (502) | (3,270) | ||
Other undisclosed net income attributable to parent | 5 | 15 | 18 | 24 | ||||
Net income (loss) available to common stockholders, diluted: | 181 | 70 | 1,916 | (2,352) | (484) | (3,246) |
Comprehensive Income ($ in thousands)
9/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
---|---|---|---|---|---|---|---|---|
Net income (loss): | 181 | 65 | 1,916 | (2,367) | (502) | (3,270) | ||
Comprehensive income (loss), net of tax, attributable to parent: | 181 | 65 | 1,916 | (2,367) | (502) | (3,270) |
Statements Sources
The financial statements are based on the Company's filings with 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.