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New Concept Energy Inc

For the period ended Jun 30, 2024. Filed Aug 14, 2024.

View on SEC.gov

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2024 · Filed Aug 14, 2024

GBR$0.60-0.2%Stored close · as of Nov 6, 2026

What changed in Management’s Discussion and Analysis?

Read the current filing

Previous report: 10-Q

Period ended 2024-03-31; filed 2024-05-09.

0001214659-24-008656

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations

Current report: 10-Q

Period ended 2024-06-30; filed 2024-08-14.

0001214659-24-014390

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations

The baseline is this issuer’s latest earlier reporting period of the same form that was filed before the current report. A previous 10-Q is a different quarter, not a year-over-year comparison. Amendments are excluded.

Compared 22 previous paragraphs and 30 current paragraphs.

17 unchanged; 5 reworded; 5 added; 0 removed; 0 previous and 3 current paragraphs rearranged.

Tables are not compared: 0 previous and 0 current tables excluded. Dates, whitespace, punctuation and numbering changes are ignored; changes to financial figures remain significant.

A changed paragraph is not evidence that risk increased or decreased. An unchanged paragraph does not establish that risk stayed the same.

Added paragraphs (5)

Current report

For the three months ended June 30, 2024, interest income was $56,000 as compared to $54,000 for the comparable period in 2023.

Current report

For the six months ended June 30, 2024 the Company had revenue of $73,000 including $50,000 for rental income and $23,000 in management fees. For the six months ended June 30, 2023 the Company had revenue of $80,000 including $51,000 for rental income and $29,000 in management fees.

Current report

For the six months ended June 30, 2024, interest income was 113,000 as compared to $106,000 for the comparable period in 2023.
Reworded paragraphs (5)

Previous wording

At March 31, 2024, the Company had current assets of $456,000 and current liabilities of $67,000.

Current wording

At June 30, 2024, the Company had current assets of $456,000 and current liabilities of $60,000.

Previous wording

Cash and cash equivalents at March 31, 2024 were $395,000 as compared to $447,000 at December 31, 2023.

Current wording

Cash and cash equivalents at June 30, 2024 were $416,000 as compared to $447,000 at December 31, 2023.

Previous wording

The Company reported net income from continuing operations of $2,000 for three months ended March 31, 2024, as compared to net income of $17,000 for the similar period in 2023.

Current wording

The Company reported netincome from continuing operations of $3,000 for three months ended June 30, 2024, as compared to net loss of $6,000 for the similar period in 2023.

Previous wording

For the three months ended March 31, 2024 and 2023 the Company had revenue of $36,000 including $25,000 for rental income and $11,000 in management fees.

Current wording

For the three months ended June 30, 2024 the Company had revenue of $37,000 including $25,000 for rental income and $12,000 in management fees. For the three months ended June 30, 2023 the Company had revenue of $35,000 including $26,000 for rental income and $9,000 in management fees.

Previous wording

For the three months ended March 31, 2024, corporate general & administrative expenses were $78,000 as compared to $68,000 for the comparable period in 2023.

Current wording

For the three months ended June 30, 2024, corporate general & administrative expenses were $78,000 as compared to
Rearranged current paragraphs (3)

Current report — wording carried from elsewhere

Comparison of the six months ended June 30, 2024 to the same period in 2023

Current report — wording carried from elsewhere

The Company reported netincome from continuing operations of $5,000 for six months ended June 30, 2024, as compared to net income of $11,000 for the similar period in 2023.

Current report — wording carried from elsewhere

For the six months ended June 30, 2024, corporate general & administrative expenses were $156,000 as compared to