New Concept Energy, Inc.
For the period ended Mar 31, 2025. Filed May 15, 2025.
View on SEC.govAbout 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.
Mar 31, 2025 · Filed May 15, 2025
What changed in Management’s Discussion and Analysis?
Read the current filingPrevious report: 10-Q
Period ended 2024-09-30; filed 2024-11-13.
0001214659-24-018862
Item 2. Management's Discussion and Analysis of Financial Condition and Results of OperationsCurrent report: 10-Q
Period ended 2025-03-31; filed 2025-05-15.
0001214659-25-007743
Item 2. Management's Discussion and Analysis of Financial Condition and Results of OperationsThe 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 26 previous paragraphs and 22 current paragraphs.
15 unchanged; 7 reworded; 0 added; 1 removed; 3 previous and 0 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.
Removed paragraphs (1)
Previous report
For the nine months ended September 30, 2024 the Company had revenue of $110,000 including $76,000 for rental revenue and $34,000 for management fees as compared to revenue of $115,000 including $76,000 for rental revenue and $39,000 for management fees for the comparative period in 2023.
Reworded paragraphs (7)
Previous wording
At September 30, 2024, the Company had current assets of $456,000 and current liabilities of $61,000.
Current wording
At March 31, 2025, the Company had current assets of $390,000 and current liabilities of $48,000.
Previous wording
Cash and cash equivalents at September 30, 2024 were $430,000 as compared to $447,000 at December 31, 2023.
Current wording
Cash and cash equivalents at March 31,2025 were $333,000 as compared to $363,000 at December 31, 2024.
Previous wording
Comparison of the three months ended September 30, 2024 to the same period in 2023
Current wording
Comparison of the three months ended March 31,2025 to the same period in 2024
Previous wording
The Company reported a net loss of $4,000 for the three months ended September 30, 2024, as compared to net income of $7,000 for the similar period in 2023.
Current wording
The Company reported a net loss from continuing operations of ($20,000) for three months ended March 31, 2025, as compared to net income of $2,000 for the similar period in 2024.
Previous wording
For the three months ended September 30, 2024 the Company had revenue of $37,000 including $26,000 for rental revenue and $11,000 for management fees as compared to revenue of $35,000 including $25,000 for rental revenue and $10,000 for management fees for the comparative period in 2023.
Current wording
For the three months ended March 31,2025 and 2024 the Company had revenue of $38,000 including $26,000 for rental income and $12,000 in management fees.
Previous wording
For the three months ended September 30, 2024, corporate general & administrative expenses were $79,000 as compared to $70,000 for the comparable period in 2023.
Current wording
For the three months ended March 31, 2025, corporate general & administrative expenses were $89,000 as compared to $78,000 for the comparable period in 2024.
Previous wording
The Company has conducted environmental assessments on most of its existing owned or leased properties. These assessments have not revealed any environmental liability that the Company believes would have a material adverse effect on the Company’s business, assets or results of operations. The Company is not aware of any such environmental liability. The Company believes that all of its property is in compliance in all material respects with all federal, state and local laws, ordinances and regulations regarding hazardous or toxic substances or petroleum products. The Company has not been notified by any governmental authority and is not otherwise aware of any material non-compliance, liability or claim relating to hazardous or toxic substances or petroleum products in connection with any of its communities.
Current wording
The Company has conducted environmental assessments on most of its existing owned or leased properties. These assessments have not revealed any environmental liability that the Company believes would have a material adverse effect on the Company’s business, assets or results of operations. The Company is not aware of any such environmental liability. The Company believes that all of its properties are in compliance in all material respects with all federal, state and local laws, ordinances and regulations regarding hazardous or toxic substances or petroleum products. The Company has not been notified by any governmental authority and is not otherwise aware of any material non-compliance, liability or claim relating to hazardous or toxic substances or petroleum products in connection with any of its communities.
Rearranged previous paragraphs (3)
Previous report — wording carried elsewhere
Comparison of the nine months ended September 30, 2024 to the same period in 2023
Previous report — wording carried elsewhere
The Company reported net income of $1,000 for nine months ended September 30, 2024, as compared to net income of $18,000 for the similar period in 2023.
Previous report — wording carried elsewhere
For the nine months ended September 30, 2024, corporate general & administrative expenses were $235,000 as compared to $219,000 for the comparable period in 2023.