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
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments25224926143274239
Cash and cash equivalents25224926143274239
Receivables3,560 1331453,683 261
Other current assets 38252209210425
Other undisclosed current assets 3,5963,5563,491 3,6183,468
Total current assets:3,8123,8833,9753,8993,8023,7643,793
Noncurrent Assets
Property, plant and equipment643647650653656659662
Oil and gas property, full cost method      706
Long-term investments and receivables    153  
Accounts and financing receivable, after allowance for credit loss    153  
Other undisclosed noncurrent assets  133145 181192
Total noncurrent assets:6436477837988098401,560
TOTAL ASSETS:4,4554,5304,7584,6974,6114,6045,353
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities608515012611257232
Accounts payable28661241088039195
Accrued liabilities32192618321837
Debt  5252524040
Total current liabilities:608520217816497272
Noncurrent Liabilities
Long-term debt and lease obligation  103115 150161
Long-term debt, excluding current maturities  103115 150161
Liabilities, other than long-term debt      2,745
Asset retirement obligations      2,745
Other undisclosed noncurrent liabilities    122  
Total noncurrent liabilities:  1031151221502,906
Total liabilities:60853052932862473,178
Stockholders' equity
Stockholders' equity attributable to parent4,3954,4454,4534,4044,3254,3572,175
Preferred stock1111111
Common stock51515151515151
Additional paid in capital63,57963,57963,57963,57963,57963,57963,579
Accumulated deficit(59,236)(59,186)(59,178)(59,227)(59,306)(59,274)(61,456)
Total stockholders' equity:4,3954,4454,4534,4044,3254,3572,175
TOTAL LIABILITIES AND EQUITY:4,4554,5304,7584,6974,6114,6045,353

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

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Revenues101 2626(258)137 
Other income   145 137 
Cost of revenue
(Cost of Goods and Services Sold)
(25)(25)(26)(26)(25)(25) 
Gross profit:76(25)  (283)112 
Operating expenses(128)(87)(131)(92)(54)(80)(290)
Other undisclosed operating income (loss)(51)502626236(87)93
Operating loss:(103)(62)(105)(66)(101)(55)(197)
Nonoperating income53541561476013763
Investment income, nonoperating  5656 5463
Other nonoperating income  10091 83 
Interest and debt expense (1)(2)(2) (3)(3)
Other undisclosed income from continuing operations before equity method investments, income taxes    9  
Income (loss) from continuing operations:(50)(9)4979(32)79(137)
Income from discontinued operations    12  
Net income (loss):(50)(9)4979(20)79(137)
Other undisclosed net income attributable to parent 1   2,103 
Net income (loss) available to common stockholders, diluted:(50)(8)4979(20)2,182(137)

Comprehensive Income ($ in thousands)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Net income (loss):(50)(9)4979(20)79(137)
Comprehensive income (loss), net of tax, attributable to parent:(50)(9)4979(20)79(137)

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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