Here are the 10-K annual reports from New Concept Energy Inc (GBR) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow GBR and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full GBR filings page.
New Concept Energy, Inc. reports a small net loss for 2025 while remaining debt-free and highly cash-light. The company focuses on leasing its 190-acre commercial property in Parkersburg, West Virginia and earning management fees from a consulting agreement on previously sold oil and gas assets.
In 2025, total revenue was $155,000, mainly from rent of $103,000 and oil-and-gas management fees of $52,000. Operating expenses rose to $420,000, leading to a loss from operations of $265,000, partly offset by $219,000 of other income, primarily interest.
The company recorded a net loss applicable to common shares of $46,000, or $(0.01) per share, compared with a $18,000 loss in 2024. Cash and cash equivalents were $383,000 at December 31, 2025, against current liabilities of $69,000, and New Concept holds a key unsecured note receivable of $3.542 million due in 2027 from American Realty Investors, Inc. Management and auditors concluded internal control over financial reporting was effective, and the company reported no long-term debt and no material legal proceedings.