New Concept Energy, Inc.
For the period ended Sep 30, 2025. Filed Nov 12, 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.
Sep 30, 2025 · Filed Nov 12, 2025
What changed in Management’s Discussion and Analysis?
Read the current filingPrevious report: 10-Q
Period ended 2025-06-30; filed 2025-08-13.
0001214659-25-011872
Item 2. Management's Discussion and Analysis of Financial Condition and Results of OperationsCurrent report: 10-Q
Period ended 2025-09-30; filed 2025-11-12.
0001214659-25-016239
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 30 previous paragraphs and 28 current paragraphs.
16 unchanged; 12 reworded; 0 added; 2 removed; 0 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 (2)
Previous report
$78,000 for the comparable period in 2024.
Previous report
$156,000 for the comparable period in 2024.
Reworded paragraphs (12)
Previous wording
At June 30, 2025, the Company had current assets of $403,000 and current liabilities of $75,000.
Current wording
At September 30, 2025, the Company had current assets of $334,000 and current liabilities of $63,000.
Previous wording
Cash and cash equivalents at June 30, 2025, were $356,000 as compared to $363,000 at December 31, 2024.
Current wording
Cash and cash equivalents at September 30, 2025 were $307,000, as compared to $363,000 at December 31, 2024.
Previous wording
The Company reported a net loss from continuing operations of ($18,000) for the three months ended June 30, 2025, as compared to net income of $3,000 for the similar period in 2024.
Current wording
The Company reported a net loss of $20,000 for the three months ended September 30, 2025, as compared to a net loss of $4,000 for the similar period in 2024.
Previous wording
For the three months ended June 30, 2025 the Company had revenue of $40,000 including $26,000 for rental income and $14,000 in management fees. 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.
Current wording
For the three months ended September 30, 2025 the Company had revenue of $39,000 including $26,000 for rental revenue and $13,000 for management fees as compared to revenue of $37,000 including $26,000 for rental revenue and $11,000 for management fees for the comparative period in 2024.
Previous wording
For the three months ended June 30, 2025, corporate general & administrative expenses were $85,000 as compared to
Current wording
For the three months ended September 30, 2025, corporate general & administrative expenses were $88,000 as compared to $79,000 for the comparable period in 2024.
Previous wording
For the three months ended June 30, 2025, interest income was $42,000 as compared to $56,000 for the comparable period in 2024.
Current wording
For the three months ended September 30, 2025 interest income was $43,000 as compared to $52,000 for the comparable period in 2024. The reduction in interest was do to lower interest rates.
Previous wording
Comparison of the six months ended June 30, 2025 to the same period in 2024
Current wording
Comparison of the nine months ended September 30, 2025 to the same period in 2024
Previous wording
The Company reported a netloss from continuing operations of ($38,000) for the six months ended June 30, 2025, as compared to net income of $5,000 for the similar period in 2024.
Current wording
The Company reported a net loss of $58,000 for nine months ended September 30, 2024, as compared to net income of $1,000 for the similar period in 2024.
Previous wording
For the six months ended June 30, 2025 the Company had revenue of $78,000 including $52,000 for rental income and $26,000 in management fees. 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.
Current wording
For the nine months ended September 30, 2025 the Company had revenue of $117,000 including $78,000 for rental revenue and $39,000 for management fees as compared to revenue of $110,000 including $76,000 for rental revenue and $34,000 for management fees for the comparative period in 2024.
Previous wording
For the six months ended June 30, 2025, corporate general & administrative expenses were $174,000 as compared to
Current wording
For the nine months ended September 30, 2025, corporate general & administrative expenses were $262,000 as compared to $235,000 for the comparable period in 2024.
Previous wording
For the six months ended June 30, 2025, interest income was $85,000 as compared to $113,000 for the comparable period in 2024.
Current wording
For the nine months ended September 30, 2025 interest income was $128,000 as compared to $165,000 for the comparable period in 2024. The reduction in interest was do to lower interest rates.
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 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.
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 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.