Form 8-K

8-K — New Concept Energy, Inc.

Accession: 0001214659-26-004379

Filed: 2026-04-07

Period: 2026-03-31

CIK: 0000105744

SIC: 1311 (CRUDE PETROLEUM & NATURAL GAS)

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

8-K — o462628k.htm (Primary)

EX-99.1 — EXHIBIT 99.1 (ex99_1.htm)

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UNITED STATES

SECURITIES AND EXCHANGE

COMMISSION

Washington,

D.C. 20549

FORM 8-K

CURRENT

REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act

Date of Report (Date of earliest event reported):

March

31, 2026

NEW CONCEPT ENERGY, INC.

(Exact Name of Registrant as Specified in its Charter)

Nevada

000-08187

75-2399477

(State or other

jurisdiction of incorporation)

(Commission

File No.)

(I.R.S. Employer

Identification No.)

1603 LBJ Freeway, Suite 800

Dallas, Texas

75234

(Address of principal executive offices)

(Zip Code)

Registrant’s telephone number, including area code

972-407-8400

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K

filing is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions:

¨ Written communications pursuant to Rule 425 under

the Securities Act (17 CFR 30.425)

¨ Soliciting material pursuant to Rule 14a-12 under

the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule

14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule

13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of Each Class

Trading

Symbol

Name of Each Exchange on which Registered

Common Stock, par value $0.01

GBR

NYSE American

Indicate by check mark whether the Registrant

is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (‘230.405 of this chapter) or Rule 12b-2 of the Securities

Exchange Act of 1934 (‘240.12b-2 of this chapter).

Emerging

growth company ¨

an emerging growth company, indicate by check mark if the Registrant has elected not to use the extended transition period for

complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Section 2 – Financial Information Statements

Item 2.02. Results of Operations and Financial Condition.

On March 31, 2026, New Concept Energy, Inc. (“GBR”

or the “Company”) announced its operational results for the quarter ended December 31, 2025. A copy of the announcement

is attached as Exhibit “99.1.”

The information furnished pursuant to Item 2.02 in this Form 8-K, including

Exhibit “99.1” attached hereto, shall not be deemed to be “filed” for purposes of Section 18 of the Securities

Exchange Act of 1934 or otherwise subject to the liabilities of that Section, unless we specifically incorporate it by reference in a

document filed under the Securities Act of 1933 or the Securities Exchange Act of 1934. We undertake no duty or obligation to publicly

update or revise the information furnished pursuant to Item 2.02 of this Current Report on Form 8-K.

Section 9 – Financial Statements and

Exhibits

Item 99.2 Financial Statements and Exhibits.

(d) Exhibits. The following exhibit is furnished with

this Report:

Exhibit

Designation

Description

99.1*

Press Release, dated March 31, 2026

_________________________

* Furnished herewith

Dated:

April 6, 2026.

NEW CONCEPT ENERGY, INC.

By:

/s/

Gene S. Bertcher

Gene S. Bertcher, President,

Chief

Executive and Financial

Officer

EX-99.1 — EXHIBIT 99.1

EX-99.1

Filename: ex99_1.htm · Sequence: 2

Exhibit 99.1

NEWS RELEASE

FOR IMMEDIATE RELEASE

Contact:

New Concept Energy Inc.

Gene Bertcher

(800) 400-6407

info@newconceptenergy.com

New Concept Energy, Inc. Reports Fourth Quarter

and Full Year 2025 Results

Dallas (March 31, 2026) New Concept Energy, Inc. (NYSE American: GBR),

(the “Company” or “NCE”) a Dallas-based company, today reported Results of Operations for the fourth quarter and

the full year ended December 31, 2025.

During the three months ended December 31,2025 the Company reported

net income of $12,000 compared to a net loss of $19,000 for the same period ended December 31, 2024.

For the full year ended December 31, 2025 the Company reported a net

loss of $46,000 compared to a net loss of $18,000 for the same period ended December 31, 2043.

Fiscal 2025 as compared to 2024

Revenues: Revenues from rent for the leased

property was $103,000 in 2025 and $101,000 in 2024. Revenues from managing the oil and gas operations for a third party was $52,000 and

$45,000 in 2025 and 2024. The management agreement has the Company receiving a management fee of 10% of oil and gas revenue. The increase

in management fees is due to an increase in revenue due to an increase in oil and gas prices.

Operating Expenses: Operating expenses

for the real estate property was $56,000 in 2025 and $48,000 in 2024. General and administrative expenses were $364,000 in 2025 and $335,000

in 2024.

Interest Income: Interest Income

was $169,000 in 2025 and $213,000 in 2024. The note receivable has a variable interest rate and in 2025 the interest rate was lower.

Other Income: In the fourth quarter of

2025 the Company collected $50,000 for an old note receivable that had been previously fully reserved.

About New Concept Energy, Inc.

New Concept Energy, Inc. is a Dallas-based company which owns 191 acres

of land located in Parkersburg, West Virginia. Located on the land are four structures totaling approximately 53,000 square feet. For

more information, visit the Company’s website at www.newconceptenergy.com.

Contact:

New Concept Energy, Inc.

Gene Bertcher, (800) 400-6407

info@newconceptenergy.com

NEW CONCEPT ENERGY, INC. AND SUBSIDIARY

CONSOLIDATED BALANCE SHEETS

(amounts in thousands)

December 31,

2025

2024

Assets

Current assets

Cash and cash equivalents

$ 383

$ 363

Other current assets

Total current assets

396

372

Property and equipment, net

Land, buildings and equipment

622

636

Note and interest receivable

Note receivable

3,542

Interest receivable

3,542

3,586

Total assets

$ 4,560

$ 4,594

NEW CONCEPT ENERGY, INC. AND SUBSIDIARY

CONSOLIDATED BALANCE SHEETS - CONTINUED

(amounts in thousands, except share amounts)

December 31,

2025

2024

Liabilities and stockholders' equity

Current liabilities

Accounts payable - trade (including $6 in 2025 and $7 in 2024 due to Pillar)

$ 26

$ 20

Accrued expenses

Total current liabilities

Stockholders' equity

Series B convertible preferred stock, $10

par value, authorized 100,000 shares, issued and outstanding one share

Common stock, $.01 par value; authorized 100,000,000 shares;

issued and outstanding, 5,131,934 shares at December 31, 2025 and 2024

Additional paid-in capital

63,579

Accumulated deficit

(59,140 )

(59,094 )

Total stockholdrs' equity

4,491

4,537

Total liabilities & stockholders' equity

$ 4,560

$ 4,594

NEW CONCEPT ENERGY, INC. AND SUBSIDIARY

CONSOLIDATED STATEMENTS

OF OPERATIONS

(amounts in thousands, except per share data)

Year Ended December 31,

2025

2024

Revenue

Rent

$ 103

$ 101

Management fee

Total Revenues

155

146

Operatingf expenses

Operating expenses

Corporate general and administrative

364

335

Total operating expenses

420

383

Loss from operations

(265 )

(237 )

Other income

Interest income

169

213

Other income

Total other income

219

Net loss applicable to common shares

$ (46 )

$ (18 )

Net loss per common share-basic and diluted

$ (0.01 )

Weighted average common and equivalent shares outstanding - basic and diluted

5,132

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