New Concept Energy(US:GBR)2025-11-12 12:08Financial Performance - For the three months ended September 30, 2025, the Company reported a net loss of $20,000, compared to a net loss of $4,000 for the same period in 2024 [51]. - For the nine months ended September 30, 2025, the Company reported a net loss of $58,000, compared to net income of $1,000 for the same period in 2024 [54]. Revenue - Revenue for the three months ended September 30, 2025 was $39,000, including $26,000 from rental revenue and $13,000 from management fees, compared to $37,000 in total revenue for the same period in 2024 [52]. - Revenue for the nine months ended September 30, 2025 was $117,000, including $78,000 from rental revenue and $39,000 from management fees, compared to $110,000 in total revenue for the same period in 2024 [55]. Expenses - Corporate general and administrative expenses for the three months ended September 30, 2025 were $88,000, an increase from $79,000 in the comparable period in 2024 [52]. - Corporate general and administrative expenses for the nine months ended September 30, 2025 were $262,000, up from $235,000 in the comparable period in 2024 [55]. Interest Income - Interest income for the three months ended September 30, 2025 was $43,000, down from $52,000 in the same period in 2024 due to lower interest rates [53]. - Interest income for the nine months ended September 30, 2025 was $128,000, compared to $165,000 for the same period in 2024, also due to lower interest rates [56]. Liquidity Position - As of September 30, 2025, the Company had current assets of $334,000 and current liabilities of $63,000, indicating a strong liquidity position [49]. - Cash and cash equivalents at September 30, 2025 were $307,000, a decrease from $363,000 at December 31, 2024 [50].