secwatch.observer — SEC 8-K summary
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Issuer:     New Concept Energy, Inc. (GBR)
CIK:        0000105744
Form:       8-K
Filed at:   2023-04-03T23:59:59+00:00
Accession:  0001214659-23-004620
Event type: earnings
Sentiment:  positive
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

New Concept Energy Q4 net income $11k vs loss of $49k; FY net income $181k vs $70k
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- Q4 2022 net income $11,000 compared to a net loss of $49,000 in Q4 2021.
- Full year 2022 net income $181,000 versus $70,000 in 2021.
- Rental revenue steady at $101,000; new revenue of $111,000 from managing oil & gas operations.
- Operating expenses fell: real estate opex $57,000 (vs $77,000) and G&A $317,000 (vs $360,000).
- Other income included $63,000 from a previously reserved investment and $68,000 gain on equipment sale.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/105744/000121465923004620/0001214659-23-004620-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/105744/000121465923004620/d3272318k.htm
  HTML page:      https://secwatch.observer/filing/0001214659-23-004620

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