---
schema_version: "secwatch.filing_event.v1"
accession: "0001010549-22-000081"
form_type: "8-K"
ticker: "GBR"
cik: "0000105744"
company_name: "New Concept Energy, Inc."
filed_at: "2022-03-24T23:59:59+00:00"
generated_at: "2026-06-26T18:03:37.291331+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.15
calibrated_materiality_score: 0.15
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001010549-22-000081
- form_type: 8-K
- ticker: GBR
- cik: 0000105744
- company_name: New Concept Energy, Inc.
- filed_at: 2022-03-24T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.15
- calibrated_materiality_score: 0.15
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/105744/000101054922000081/0001010549-22-000081-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/105744/000101054922000081/newconcept8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001010549-22-000081
- JSON: https://secwatch.observer/filing/0001010549-22-000081.json
- Plain text: https://secwatch.observer/filing/0001010549-22-000081.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.