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 investments4362522722361419
Cash and cash equivalents4362522722361419
Receivables  3,5603,6834,1194,135103
Other current assets30 92   
Other undisclosed current assets 3,542     
Total current assets:4,0083,8123,8024,1414,496522
Noncurrent Assets
Property, plant and equipment631643656668618661
Oil and gas property, full cost method    7672,5172,721
Long-term investments and receivables   153214251301
Accounts and financing receivable, after allowance for credit loss   153214251301
Other undisclosed noncurrent assets      
Total noncurrent assets:6316438091,6493,3863,683
TOTAL ASSETS:4,6394,4554,6115,7907,8824,205
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities636011239091475
Accounts payable23288035559446
Accrued liabilities403232353229
Debt   52445981
Total current liabilities:6360164434150556
Noncurrent Liabilities
Long-term debt and lease obligation    245289359
Long-term debt, excluding current maturities    245289359
Other undisclosed noncurrent liabilities   1222,7022,6822,654
Total noncurrent liabilities:   1222,9472,9713,013
Total liabilities:63602863,3813,1213,569
Equity
Equity, attributable to parent4,5764,3954,3252,4094,761636
Preferred stock111111
Common stock515151515121
Additional paid in capital63,57963,57963,57963,57963,57959,000
Accumulated deficit(59,055)(59,236)(59,306)(61,222)(58,870)(58,386)
Total equity:4,5764,3954,3252,4094,761636
TOTAL LIABILITIES AND EQUITY:4,6394,4554,6115,7907,8824,205

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
Revenues212101 590682791
Revenue, net791
Cost of revenue
(Cost of Goods and Services Sold)
  (101)(101)  (1,027)
Other undisclosed gross profit      
Gross profit:212 (101)590682(236)
Operating expenses(374)(437)(396)(3,383)(1,197)(4,061)
Other undisclosed operating income (loss) 101130  1,027
Operating loss:(162)(336)(367)(2,793)(515)(3,270)
Nonoperating income3434063154413129
Investment income, nonoperating    2573725
Other nonoperating income 131191 1991228
Interest and debt expense  (5) (15)(18)(24)
Income (loss) from continuing operations:18165(52)(2,367)(502)(3,265)
Income (loss) before gain (loss) on sale of properties:651,916(2,367)(502)(3,270)
Income (loss) from discontinued operations   1,968  (5)
Net income (loss):181651,916(2,367)(502)(3,270)
Other undisclosed net income attributable to parent  5 151824
Net income (loss) available to common stockholders, diluted:181701,916(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):181651,916(2,367)(502)(3,270)
Comprehensive income (loss), net of tax, attributable to parent:181651,916(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.

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