Welcome to our dedicated page for New Concept Energy SEC filings (Ticker: GBR), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
New Concept Energy Inc. SEC filings document the reporting obligations of a Nevada corporation whose business includes West Virginia real estate ownership and management services for a third-party oil and gas company. Its Form 8-K filings furnish operating results, financial condition updates and related exhibits tied to quarterly and annual announcements.
The filing record also includes material definitive agreement disclosures, definitive proxy materials and stockholder-vote reports. These documents cover governance matters, annual meeting proposals, board elections, common stock and Series B preferred stock voting information, capital-structure items, and exchange-listing related share issuance matters.
New Concept Energy, Inc. entered into an agreement for Realty Advisors, Inc. to acquire up to 2,000,000 shares of common stock at a cash price of at least $1.00 per share in a private, unregistered transaction. Closing depends on stockholder approval and NYSE American listing approval.
The company plans to seek a majority stockholder vote at a meeting targeted before the end of the second quarter, and to file related proxy materials with the SEC. The investor already holds at least 400,000 shares, is considered a related party, and will become an affiliate if the deal closes. Issuance of the new shares will cause a deemed change in control, and the shares will be issued as restricted securities under a Section 4(2) exemption.
New Concept Energy, Inc. reported a small profit for the fourth quarter of 2025 but a wider loss for the full year. For the quarter ended December 31, 2025, the company generated net income of $12,000, compared with a net loss of $19,000 a year earlier.
For the full year 2025, New Concept Energy recorded a net loss of $46,000, deeper than the $18,000 loss for the year ended December 31, 2043. Total 2025 revenues were $155,000, up slightly from $146,000, driven by modest growth in rent and management fees, while operating expenses and lower interest income offset these gains.
At December 31, 2025, the company reported total assets of $4.56 million and stockholders’ equity of $4.49 million, including cash and cash equivalents of $383,000. Results were furnished in a press release attached as an exhibit.
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.
Realty Advisors, Inc. filed an amendment to report a change in its large shareholder position in New Concept Energy, Inc. common stock. Realty Advisors sold 246,254 shares of New Concept Energy on August 28, 2025 in a privately negotiated cash transaction at $1.15 per share, for total proceeds of $293,192.10, to RFA Portfolio, Inc.
After this sale, Realty Advisors reports beneficial ownership of 400,000 shares, representing about 7.8% of New Concept Energy’s outstanding common stock, with sole voting and dispositive power over those shares. Realty Advisors states it has no current plans for major corporate actions but remains open to selling additional shares at attractive prices. The filing also notes that Realty Advisors is wholly owned by May Realty Holdings, Inc., which is in turn owned by the May Trust for the benefit of the children of Gene E. Phillips.
New Concept Energy, Inc. reported the results of its November 19, 2025 annual meeting, where stockholders voted on director elections and auditor ratification. On the October 10, 2025 record date, 5,131,934 shares of common stock and 559 shares of Series B preferred stock were outstanding, and 3,162,693 shares, or 61.62% of the outstanding, were represented to establish a quorum.
All director nominees—Gene S. Bertcher, Richard W. Humphrey, Dan Locklear, Cecelia Maynard, and Robert C. Canham II—received approximately 1.93 to 1.97 million votes each in favor and were elected. Stockholders also ratified Turner Stone & Company as independent registered public accounting firm with 3,153,186 votes for and 9,507 against. Later that day, the board re-elected Gene S. Bertcher as Chairman, President, Chief Executive Officer, and Chief Financial Officer.
New Concept Energy, Inc.
New Concept Energy (GBR) reported Q3 2025 results, showing modest revenue and a small loss. Revenue was $39,000 (rent $26,000; management fees $13,000), versus $37,000 a year ago. Net loss was $20,000, compared with a $4,000 loss in Q3 2024, as corporate G&A rose to $88,000 from $79,000 and interest income declined.
For the nine months, revenue reached $117,000 (up from $110,000), with a net loss of $58,000 versus net income of $1,000 in 2024. Cash was $307,000 at September 30, 2025, down from $363,000 at year-end 2024; current assets were $334,000 and current liabilities $63,000. The company holds an unsecured related‑party note receivable of $3,542,000 bearing SOFR (4.24% at September 30, 2025) due September 30, 2027, which drove $128,000 of year‑to‑date interest income, down from $165,000 due to lower rates.
GBR owns about 190 acres with four structures; approximately 16,000 square feet are leased at $104,000 per annum through October 1, 2029. Shares outstanding were 5,131,934 as of November 11, 2025. Management noted no debt outstanding and no subsequent events.
New Concept Energy (GBR) set its Annual Meeting for November 19, 2025, 10:30 a.m. in Dallas, Texas. Stockholders will vote on two items: electing a Board of five directors and ratifying Turner Stone & Company LLP as independent auditor.
Stockholders of record as of October 10, 2025 may vote. Common shares outstanding were 5,131,934 as of that date. The Board recommends voting FOR both proposals. Voting is available by proxy or online at https://onlineproxyvote.com/GBR/2025.
Governance highlights include fully independent Audit, Compensation, and Governance/Nominating Committees; the Board met five times in 2024. Auditor fees totaled $51,750 in 2024 (audit $48,000; tax $3,750) versus $48,000 in 2023. A related-party Advisory Agreement with Pillar provides services at 0.75% per annum of Gross Asset Value plus an incentive fee, subject to annual renewal and termination notice.
Realty Advisors, Inc. reported a sale of 246,254 shares of New Concept Energy, Inc. (GBR) on 08/28/2025 at a price of $1.15 per share, leaving beneficial ownership of 400,000 shares. The Form 4 was signed by Erik L. Johnson, President, and lists the reporting person as a Director and 10% owner of the issuer.
New Concept Energy, Inc. announced its operational results for the quarter ended June 30, 2025. The company furnished a press release dated August 12, 2025 as Exhibit 99.1 to a current report to share these quarterly results. The exhibit format means detailed financial and operating figures are contained in the press release rather than in the body of the report.