Current Report Filing (8-k)

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): August 13, 2015

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 300 Dallas, Texas		75234
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code 972-407-8400

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 230.425)

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))

Section 2 – Financial Information

Item 2.02. Results of Operations and Financial Condition

On August 13, 2015, New Concept Energy, Inc. (“GBR” or the “Company”) announced its operational results for the quarter ended June 30, 2015. 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 9.01. Financial Statements and Exhibits

(d)

Exhibits.

The following exhibit is furnished with this Report:

Exhibit Designation	Description of Exhibit
99.1*	Press Release dated August 13, 2015
_____________________ *Furnished herewith.

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Current Report on Form 8-K to be signed on its behalf by the undersigned, hereunto duly authorized.

Dated: August 13, 2015

NEW CONCEPT ENERGY, INC.

By: /s/ Gene S. Bertcher

Gene S. Bertcher, President and Chief

Financial Officer

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NEW CONCEPT ENERGY, INC AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF OPERATIONS
(unaudited)
(amounts in thousands, except per share data)

	For the Three Months ended June 30,						For the Six Months ended June 30,
	2015			2014			2015			2014
Revenue
Oil and gas operations, net of royalties	$	259		$	485		$	431		$	829
Real estate operations		744			728			1,461			1,453
		1,003			1,213			1,892			2,282


Operating expenses
Oil and gas operations		440			425			910			908
Real estate operations		415			387			825			783
Real Estate - Lease Expense		245			241			490			481
Corporate general and administrative		155			205			309			397
		1,255			1,258			2,534			2,569
Operating earnings (loss)		(252	)		(45	)		(642	)		(287	)


Other income (expense)
Interest income		-			1			-			2
Interest expense		(16	)		(22	)		(42	)		(53	)
Recovery of bad debt expense		386			-			1,124			-
Other income (expense)		(8	)		(33	)		(16	)		199
		362			(54	)		1066			148


Net income (loss) applicable to common shares	$	110		$	(99	)	$	424		$	(139	)

Net income (loss) per common share-basic and diluted	$	0.06		$	(0.05	)	$	0.22		$	(0.07	)


Weighted average common and equivalent shares outstanding - basic		1,947			1,947			1,947			1,947

NEW CONCEPT ENERGY, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(unaudited)
(amounts in thousands)
	June 30, 2015		December 31, 2014

Assets

Current assets
Cash and cash equivalents	$	437	$	300
Accounts receivable from oil and gas sales		137		216
Other current assets		362		182
Total current assets		936		698


Oil and natural gas properties (full cost accounting method)
Proved developed and undeveloped oil and gas properties, net of depletion		8,776		8,809

Property and equipment, net of depreciation
Land, buildings and equipment - oil and gas operations		845		1,476
Other		152		162
Total property and equipment		997		1,638

Other assets (including $124 due from related parties in 2014)		1,275		1,129

Total assets	$	11,984	$	12,274

NEW CONCEPT ENERGY, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS - CONTINUED
(unaudited)
(amounts in thousands, except share amounts)

	June 30, 2015			December 31, 2014

Liabilities and stockholders' equity

Current liabilities
Accounts payable (includes $494 due to related parties in 2014)	$	165		$	673
Accrued expenses		252			229
Current portion of long term debt		775			881
Total current liabilities		1,192			1,783

Long-term debt
Notes payable less current portion		1,305			1,428
Asset retirement obligation		2,770			2,770
Total liabilities		5,267			5,981

Stockholders' equity
Preferred stock, Series B		1			1
Common stock, $.01 par value; authorized, 100,000,000
shares; issued and outstanding, 1,946,935 shares
at June 30, 2015 and December 31, 2014		20			20
Additional paid-in capital		58,838			58,838
Accumulated deficit		(52,142	)		(52,566	)

		6,717			6,293

Total liabilities & equity	$	11,984		$	12,274