Financial Performance - For Q1 2025, New Concept Energy reported a net loss of $20,000, compared to a net income of $2,000 in Q1 2024, indicating a significant decline in profitability [2]. - Total revenue for Q1 2025 was $38,000, which is a 5.56% increase from $36,000 in Q1 2024, driven by rental income of $26,000 and management fees of $12,000 [3][10]. - The company reported a loss from operations of $63,000 in Q1 2025, compared to a loss of $55,000 in Q1 2024, reflecting a worsening operational performance [10]. - Interest income for Q1 2025 was $43,000, down from $57,000 in Q1 2024, representing a decline of 24.56% [10]. - The net loss per common share for Q1 2025 was $(0.01), compared to a net income per share of $0.01 in Q1 2024 [10]. Expenses and Liabilities - Corporate general and administrative expenses rose to $89,000 in Q1 2025, up from $78,000 in Q1 2024, reflecting a 14.1% increase [3][10]. - Current liabilities decreased to $48,000 in Q1 2025 from $57,000 in Q4 2024, showing a reduction of approximately 15.79% [8]. Assets and Equity - The company's total assets decreased slightly to $4,565,000 as of March 31, 2025, down from $4,594,000 at the end of 2024 [6][8]. - Stockholders' equity as of March 31, 2025, was $4,517,000, a decrease from $4,537,000 at the end of 2024, indicating a decline of 0.44% [8]. Shares Outstanding - The weighted average common shares outstanding remained stable at 5,132,000 for both Q1 2025 and Q1 2024 [10].
New Concept Energy(GBR) - 2025 Q1 - Quarterly Results