secwatch.observer — SEC 8-K summary
======================================

Issuer:     New Concept Energy, Inc. (GBR)
CIK:        0000105744
Form:       8-K
Filed at:   2022-08-15T23:59:59+00:00
Accession:  0001214659-22-010081
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

New Concept Energy reports Q2 net income of $138K, up from $49K YoY; includes one-time gains of $130K
--------------------------------------------------------------------------------

- Net income of $138K ($0.02 EPS) in Q2 2022 vs $49K ($0.01 EPS) in Q2 2021.
- Revenue of $47K includes $26K rental income and $21K management fees vs $26K rental income only in prior year.
- Other income of $184K includes $62K from collection of fully reserved investment and $68K gain on equipment sale.
- Corporate G&A decreased to $80K from $111K; cash at $372K vs $252K at year-end.
- Six-month net income $143K ($0.03 EPS) vs $128K ($0.02 EPS) in prior period.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/105744/000121465922010081/0001214659-22-010081-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/105744/000121465922010081/r8122208k.htm
  HTML page:      https://secwatch.observer/filing/0001214659-22-010081

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