New Concept Energy(US:GBR)2025-03-27 17:18Financial Performance - For Q4 2024, New Concept Energy reported a net loss of $19,000, an improvement from a net loss of $39,000 in Q4 2023[2] - For the full year 2024, the company reported a net loss of $18,000, compared to a net loss of $21,000 in 2023[3] - Total revenues for 2024 were $146,000, a decrease from $152,000 in 2023, primarily due to a decline in management fees from oil and gas operations[4] - Management fees decreased to $45,000 in 2024 from $51,000 in 2023, reflecting a decrease in oil and gas revenue[4] - Interest income was $213,000 in 2024, down from $222,000 in 2023[6] Operating Expenses - Operating expenses for real estate property decreased to $48,000 in 2024 from $57,000 in 2023[5] Assets and Liabilities - Total current assets decreased to $372,000 in 2024 from $459,000 in 2023[9] - Total assets decreased slightly to $4,594,000 in 2024 from $4,630,000 in 2023[9] - Total liabilities decreased to $57,000 in 2024 from $75,000 in 2023[11] - The accumulated deficit increased to $59,094,000 in 2024 from $59,076,000 in 2023[11]