Thu, May 15, 4:29 PM (65 days ago)
**New Concept Energy, Inc. (GBR) Q1 2025 Financial Summary** **Financial Health & Performance:** - **Revenue:** Total revenue for Q1 2025 was $38,000, up from $36,000 in Q1 2024. This includes $26,000 from rent and $12,000 from management fees. - **Profit Margins:** The company reported a net loss of $20,000 for Q1 2025, compared to a net income of $2,000 in Q1 2024. Operating expenses increased to $101,000 from $91,000. - **Cash Flow:** Cash and cash equivalents decreased to $333,000 from $363,000. Net cash used in operating activities was $30,000, compared to $52,000 in Q1 2024. - **Earnings Changes:** The net loss per share was $0.01 for Q1 2025, compared to a net income per share of $0.01 in Q1 2024. **Trends & Uncertainties:** - The company is evaluating additional business opportunities to boost income and cash flow. - Management noted inherent uncertainties in estimates and judgments used in financial statements. - The company has minimal interest rate risk due to the absence of outstanding debt. - The company maintains a note receivable of $3,542,000 from a related party, bearing interest at the SOFR rate. **Future Operations Impact:** - The company's primary revenue sources are rent fees and interest income, which may be affected by inflation. - The company is focused on managing costs and cash flow while maintaining high occupancy rates. - The company has not identified any material environmental liabilities or non-compliance issues. **Management Discussion:** - Management emphasized the need for future taxable income to realize deferred tax assets. - The company's disclosure controls and procedures were effective as of the end of the period. - There were no changes in internal control over financial reporting that materially affected operations.