New Concept Energy(US:GBR)2025-11-17 18:10Financial Performance - For Q3 2025, New Concept Energy reported a net loss of $20,000, compared to a net loss of $4,000 in Q3 2024, indicating a significant increase in losses [2]. - Total revenue for Q3 2025 was $39,000, a slight increase from $37,000 in Q3 2024, with rental revenue remaining constant at $26,000 and management fees increasing from $11,000 to $13,000 [3][10]. - The company reported a loss from operations of $63,000 in Q3 2025, compared to a loss of $56,000 in Q3 2024 [10]. - For the nine months ended September 30, 2025, total revenues increased to $117,000 from $110,000 in the same period of 2024 [10]. - The net income (loss) applicable to common shares for the nine months ended September 30, 2025, was a loss of $58,000, compared to a net income of $1,000 in the same period of 2024 [10]. Expenses and Income - Corporate general and administrative expenses rose to $88,000 in Q3 2025 from $79,000 in Q3 2024, reflecting a 11.4% increase [3][10]. - Interest income from related parties decreased to $40,000 in Q3 2025 from $50,000 in Q3 2024, a decline of 20% [10]. Assets and Equity - Total assets as of September 30, 2025, were $4,542,000, a decrease from $4,594,000 as of December 31, 2024 [6][8]. - Cash and cash equivalents decreased to $307,000 as of September 30, 2025, down from $363,000 at the end of 2024 [6]. - Total stockholders' equity decreased to $4,479,000 as of September 30, 2025, compared to $4,537,000 at the end of 2024 [8].