New Concept Energy reports $70k net income for FY2021, reversing prior year loss

New Concept Energy, Inc.

Net income from continuing operations of $70k in 2021 vs net loss of $52k in 2020, a $0.01 EPS.
Revenue from property lease unchanged at $101k; total operating expenses fell to $437k from $468k.
Cash and equivalents rose to $252k from $27k year-end; note receivable from related parties is $3.56M.
Other income of $191k includes $91k tax refund and $100k from sale of a fully reserved receivable.
No oil and gas operations in 2021; 2020 included a $2.14M gain on sale of that business.

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