secwatch.observer — SEC 8-K summary
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Issuer:     New Concept Energy, Inc. (GBR)
CIK:        0000105744
Form:       8-K
Filed at:   2022-03-24T23:59:59+00:00
Accession:  0001010549-22-000081
Event type: earnings
Sentiment:  positive
Materiality: 0.15
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/105744/000101054922000081/0001010549-22-000081-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/105744/000101054922000081/newconcept8k.htm
  HTML page:      https://secwatch.observer/filing/0001010549-22-000081

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer