New Concept Energy Inc 2026年季度报告

FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THESECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTER ENDED March 31, 2026 Or TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THESECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROMTO Commission File Number 000-08187NEW CONCEPT ENERGY, INC. 75-2399477 (I.R.S. Employer Identification No.) 1603 LBJ FreewaySuite 800Dallas, Texas 75234(972) 407-8400 Securities registered pursuant to Section 12(b) of the Exchange Act: Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),and (2) has been subject to such filing requirements for the past 90 days.Yes:No Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, everyInteractive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during thepreceding 12 months (or for such shorter period that the registrant was required to submit and post such files).Yes:No Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or smallerreporting company. See definitions of “large, accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 ofthe Exchange Act. (Check one): Large, accelerated filerNon-accelerated filer Accelerated filerSmaller reporting companyEmerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the exchange Act. Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes:No:Indicate the number of shares outstanding of each of the issuer’s classes of Common Stock, as of the latest practicable date. PART I:FINANCIAL INFORMATION3Item 1. Financial Statements (Unaudited)3Condensed Consolidated Balance Sheets3Condensed Consolidated Statements of Operations5Condensed Consolidated Statements of Changes in Stockholders’ Equity6Condensed Consolidated Statements of Cash Flows7Notes To Condensed Consolidated Financial Statements8Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations10Item 3. Quantitative and Qualitative Disclosures About Market Risk12Item 4. Controls and Procedures12PART II: OTHER INFORMATION13Item 6. Exhibits13Signatures142 PART I. FINANCIAL INFORMATION Item 1. Financial Statements (Unaudited) NEW CONCEPT ENERGY, INC. AND SUBSIDIARYCONDENSED CONSOLIDATED BALANCE SHEETS(amounts in thousands) NEW CONCEPT ENERGY, INC. AND SUBSIDIARYCONDENSED CONSOLIDATED BALANCE SHEETS - CONTINUED(dollars in thousands, except per share value amounts)March 31, Liabilities and stockholders' equity Stockholders' equityPreferred stock, Series B, $10 par value; authorized 100,000 shares, 1 issued and The accompanying notes are an integral part of these condensed consolidated financial statements. NEW CONCEPT ENERGY, INC. AND SUBSIDIARYCONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(amounts in thousands, except per share data) Three Months ended March 31, NEW CONCEPT ENERGY, INC. AND SUBSIDIARYCONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY(unaudited)(Dollar amounts in thousands) Notes To Condensed Consolidated Financial Statements(unautied) 1. BASIS OF PRESENTATION The accompanying unaudited condensed consolidated financial statements include the accounts of New Concept Energy, Inc., and itswholly owned subsidiary (collectively, “NCE” or the “Company”). All significant intercompany transactions and accounts have beeneliminated. The unaudited condensed consolidated financial statements included herein have been prepared by the Company without audit,pursuant to the rules and regulations of the Securities and Exchange Commission. The financial statements reflect all adjustmentsthat are, in the opinion of management, necessary to fairly present such information. All such adjustments are of a normalrecurring nature. Although the Company believes that the disclosures are adequate to make the information presented notmisleading, certain information and footnote disclosures, including a description of significant accounting policies normallyincluded in financial statements prepared in accordance with accounting principles generally accepted in the United States ofAmerica, have been condensed or omitted pursuant to such rules and regulations. These financial statements should be read in conjunction with the consolidated financial statements and notes thereto included inthe Company’s Annual Report on Form 10-K for the fiscal year ended Dece