Dallas (March 20, 2025) New Concept Energy, Inc. (NYSE American: GBR), (the “Company” or “NCE”) a Dallas-based company, today reported Results of Operations for the fourth quarter and the full year ended December 31, 2024.

During the three months ended December 31, 2024 the Company reported a net loss of $19,000 compared to a net loss of $39,000 for the same period ended December 31, 2023.

For the full year ended December 31, 2024 the Company reported a net loss of $18,000 compared to a net loss of $21,000 for the same period ended December 31, 2023.

Revenues: Revenues from rent for the leased property was $101,000 in 2024 and 2023. Revenues from managing the oil and gas operations for a third party was $45,000 and $51,000 in 2024 and 2023. The management agreement has the Company receiving a management fee of 10% of oil and gas revenue. The decrease in management fees is due to a decrease in revenue due to a decline in oil and gas prices.

Operating Expenses: Operating expenses for the real estate property was $48,000 in 2024 and $57,000 in 2023. General and administrative expenses were $335,000 in 2024 and $338,000 in 2023.

New Concept Energy, Inc. is a Dallas-based company which owns 191 acres of land located in Parkersburg, West Virginia. Located on the land are four structures totaling approximately 53,000 square feet. For more information, visit the Company’s website at www.newconceptenergy.com.

Cover	Mar. 20, 2025
Cover [Abstract]
Document Type	8-K
Amendment Flag	false
Document Period End Date	Mar. 20, 2025
Entity File Number	000-08187
Entity Registrant Name	NEW CONCEPT ENERGY, INC.
Entity Central Index Key	0000105744
Entity Tax Identification Number	75-2399477
Entity Incorporation, State or Country Code	NV
Entity Address, Address Line One	1603 LBJ Freeway
Entity Address, Address Line Two	Suite 300
Entity Address, City or Town	Dallas
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	75234
City Area Code	972
Local Phone Number	407-8400
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Title of 12(b) Security	Common Stock, par value $0.01
Trading Symbol	GBR
Security Exchange Name	NYSE
Entity Emerging Growth Company	false

	At December 31,
	2024		2023
Assets

Current assets
Cash and cash equivalents	$	363	$	447
Other current assets		9		12
Total current assets		372		459

Property and equipment, net
Land, buildings and equipment		636		629

Note and Interest Receivable - related party
Note Receivable		3,542		3,542
Interest Receivable		44		-
		3,586		3,542


Total assets	$	4,594	$	4,630

	Year Ended December 31,
	2024			2023
Revenue
Rent	$	101		$	101
Management Fee		45			51
		146			152

Operating Expenses
Operating Expenses		48			57
Corporate general and administrative		335			338
Total Operating Expenses		383			395
Operating loss		(237	)		(243	)

Other Income
Interest income from a related party		196			213
Interest income		17			9
Other income		6			-
Total Other income		219			222

Net loss applicable to common shares	$	(18	)	$	(21	)


Net loss per common share-basic and diluted	$	(0.01	)	$	(0.01	)

Weighted average common and equivalent shares outstanding - basic and diluted		5,132			5,132

	At December 31,
	2024			2023
Liabilities and stockholders' equity

Current liabilities
Accounts payable - trade (including $7 in 2024 and $8 in 2023 due to related parties)	$	20		$	36
Accrued expenses		37			39
Total current liabilities		57			75


Stockholders' equity
Series B convertible preferred stock, $10 par value, liquidation value
of $100, authorized 100,000 shares, issued and outstanding one share		1			1
Common stock, $.01 par value; authorized 100,000,000
shares; issued and outstanding, 5,131,934 shares
at December 31, 2024 and 2023		51			51
Additional paid-in capital		63,579			63,579
Accumulated deficit		(59,094	)		(59,076	)
		4,537			4,555

Total liabilities & stockholders' equity	$	4,594		$	4,630