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UNITED STATES
SECURITIES AND EXCHANGE
COMMISSION
Washington,
D.C. 20549
FORM 8-K
CURRENT
REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act
| Date of Report (Date of earliest event reported): |
May
7, 2026 |
NEW CONCEPT ENERGY, INC.
(Exact Name of Registrant as Specified in its Charter)
| Nevada |
000-08187 |
75-2399477 |
|
(State or other
jurisdiction of incorporation) |
(Commission
File No.) |
(I.R.S. Employer
Identification No.) |
| |
|
|
| |
|
|
1603 LBJ Freeway, Suite 300
Dallas, Texas |
75234 |
| (Address of principal executive offices) |
(Zip Code) |
| Registrant’s telephone number, including area code |
972-407-8400 |
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K
filing is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions:
| ¨ | Written communications pursuant to Rule 425 under
the Securities Act (17 CFR 30.425) |
| ¨ | Soliciting material pursuant to Rule 14a-12 under
the Exchange Act (17 CFR 240.14a-12) |
| ¨ | Pre-commencement communications pursuant to Rule
14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ¨ | Pre-commencement communications pursuant to Rule
13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
|
Title of Each Class |
Trading
Symbol |
Name of Each Exchange on which Registered |
|
Common Stock, par value $0.01
|
GBR
|
NYSE American
|
Indicate by check mark whether the Registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (‘230.405 of this chapter) or Rule 12b-2 of the Securities
Exchange Act of 1934 (‘240.12b-2 of this chapter).
Emerging
growth company ¨
If
an emerging growth company, indicate by check mark if the Registrant has elected not to use the extended transition period for
complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
Section 2 – Financial Information Statements
Item 2.02. Results of Operations and Financial Condition.
On May 7, 2026, New Concept Energy, Inc. (“GBR”
or the “Company”) announced its operational results for the quarter ended March 31, 2026. A copy of the announcement
is attached as Exhibit “99.1.”
The information furnished
pursuant to Item 2.02 in this Form 8-K, including Exhibit “99.1” attached hereto, shall not be deemed to be “filed”
for purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that Section, unless we specifically
incorporate it by reference in a document filed under the Securities Act of 1933 or the Securities Exchange Act of 1934. We undertake
no duty or obligation to publicly update or revise the information furnished pursuant to Item 2.02 of this Current Report on Form 8-K.
Section 9 – Financial Statements and
Exhibits
Item 99.2 Financial Statements and Exhibits.
(d) Exhibits. The following exhibit is furnished with
this Report:
|
Exhibit
Designation
|
|
Description |
| |
|
|
| 99.1* |
|
Press Release, dated May 7, 2026 |
_________________________
* Furnished herewith
Dated:
May 8, 2026.
| |
NEW CONCEPT ENERGY, INC. |
| |
|
| |
|
|
| |
By: |
/s/
Gene S. Bertcher |
| |
|
Gene S. Bertcher, President,
Chief |
| |
|
Executive Officer and Chief Financial |
| |
|
Officer |
Exhibit 99.1
|
NEWS RELEASE
FOR IMMEDIATE RELEASE
|
Contact:
New Concept Energy Inc.
Investor Relations
Gene Bertcher, (800) 400-6407
info@newconceptenergy.com
|
New Concept Energy, Inc. Reports First Quarter
2026 Results
Dallas (May 7, 2026) – New Concept
Energy, Inc. (NYSE American: GBR), (the “Company” or “NCE”) a Dallas-based company, today reported Results of
Operations for the first quarter ended March 31, 2026.
The Company reported a net loss from continuing operations of ($14,000)
for three months ended March 31, 2026, as compared to a net loss of ( $20,000) for the similar period in 2025.
For the three months ended March 31,2026 the Company had revenue of
$39,000 including $26,000 for rental income and $13,000 in management fees. For the three months ended March 31,2025 the Company had revenue
of $38,000 including $26,000 for rental income and $12,000 in management fees.
For the three months ended March 31, 2026, corporate general &
administrative expenses were $77,000 as compared to $89,000 for the comparable period in 2025.
About New Concept Energy, Inc.
New Concept Energy, Inc. is a Dallas-based company which owns real
estate in West Virginia and provides management services for a third-party oil and gas company. For more information, visit the Company’s
website at www.newconceptenergy.com.
Contact: New Concept Energy, Inc.
Gene Bertcher, (800) 400-6407
info@newconceptenergy.com
NEW CONCEPT ENERGY, INC. AND SUBSIDIARY
CONDENSED CONSOLIDATED BALANCE SHEETS
(amounts in thousands)
| | |
March 31,
2026 | | |
December 31,
2025 | |
| | |
(Unaudited) | | |
(Audited) | |
| Assets | |
| | | |
| | |
| Current assets | |
| | | |
| | |
| Cash and cash equivalents | |
$ | 318 | | |
$ | 383 | |
| Other current assets | |
| 62 | | |
| 13 | |
| Total current assets | |
| 380 | | |
| 396 | |
| | |
| | | |
| | |
| Property and equipment, net of depreciation | |
| | | |
| | |
| Land, buildings and equipment | |
| 619 | | |
| 622 | |
| | |
| | | |
| | |
| Note and interest receivable - related party | |
| | | |
| | |
| Note receivable | |
| 3,542 | | |
| 3,542 | |
| Interest receivable | |
| - | | |
| - | |
| | |
| 3,542 | | |
| 3,542 | |
| | |
| | | |
| | |
| Total assets | |
$ | 4,541 | | |
$ | 4,560 | |
NEW CONCEPT ENERGY, INC. AND SUBSIDIARY
CONDENSED CONSOLIDATED BALANCE SHEETS - CONTINUED
(dollars in thousands, except per share value
amounts)
| | |
March 31,
2026 | | |
December 31,
2025 | |
| | |
(Unaudited) | | |
(Audited) | |
| Liabilities and stockholders' equity | |
| | | |
| | |
| | |
| | | |
| | |
| Current liabilities | |
| | | |
| | |
| Accounts payable (including $8 due to related parties in 2026 and 2025) | |
$ | 25 | | |
$ | 26 | |
| Accrued expenses | |
| 39 | | |
| 43 | |
| Total current liabilities | |
| 64 | | |
| 69 | |
| | |
| | | |
| | |
| | |
| | | |
| | |
| Stockholders' equity | |
| | | |
| | |
| Preferred stock, Series B, $10 par value; authorized 100,000
shares, 1 issued and outstanding at March 31, 2026 and December 31, 2025 | |
| 1 | | |
| 1 | |
| Common stock, $.01 par value; authorized, 100,000,000 shares; issued and
outstanding, 5,131,934 shares at March 31, 2026 and December 31, 2025 | |
| 51 | | |
| 51 | |
| Additional paid-in capital | |
| 63,579 | | |
| 63,579 | |
| Accumulated deficit | |
| (59,154 | ) | |
| (59,140 | ) |
| Total stockholders' equity | |
| 4,477 | | |
| 4,491 | |
| | |
| | | |
| | |
| Total liabilities and stockholders' equity | |
$ | 4,541 | | |
$ | 4,560 | |
NEW CONCEPT ENERGY, INC. AND SUBSIDIARY
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(amounts in thousands, except per share data)
| | |
Three Months ended
March 31, | |
| | |
2026 | | |
2025 | |
| | |
(Unaudited) | | |
(Unaudited) | |
| | |
| | |
| |
| Revenue | |
| | | |
| | |
| Rent | |
$ | 26 | | |
$ | 26 | |
| Management fees | |
| 13 | | |
| 12 | |
| Total Revenues | |
| 39 | | |
| 38 | |
| | |
| | | |
| | |
| Operating Expenses | |
| | | |
| | |
| Operating expenses | |
| 13 | | |
| 12 | |
| Corporate general and administrative | |
| 77 | | |
| 89 | |
| Total Operating Expenses | |
| 90 | | |
| 101 | |
| | |
| | | |
| | |
| Loss from operations | |
| (51 | ) | |
| (63 | ) |
| | |
| | | |
| | |
| Other Income | |
| | | |
| | |
| Interest income ($34 and $39 from related parties in 2026 and 2025) | |
| 37 | | |
| 43 | |
| Total Other Income | |
| 37 | | |
| 43 | |
| | |
| | | |
| | |
| Net income (loss) applicable to common shares | |
$ | (14 | ) | |
$ | (20 | ) |
| | |
| | | |
| | |
| Net income (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 | |
