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:
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).
If 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.
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, 2021
|
|
|
NEW CONCEPT ENERGY, INC.
|
|
|
|
|
|
|
|
|
|
|
By:
|
/s/ Gene S. Bertcher
|
|
|
|
Gene
S. Bertcher
|
|
|
|
President and Chief Financial Officer
|
Exhibit "99.1"
NEWS RELEASE
FOR IMMEDIATE RELEASE
|
Contact:
New Concept Energy Inc.
Investor Relations
Gene Bertcher, (800) 400-6407
info@newconceptenergy.com
|
New Concept
Energy, Inc. Reports First Quarter 2021 Results
Dallas
(August 13, 2021) - New Concept Energy, Inc. (NYSE American: GBR), a Dallas-based
real estate investment company, today reported results of operations for the second quarter ended June 30, 2021.
For the three months ended June 30, 2021, the Company reported net income from continuing operations of $49,000 as compared to net loss
of $57,000 from continuing operations for the same period ended 2020.
For the three months ended June 30, 2020 the Company recorded a loss
from discontinued operations of $80,000 for the oil and gas operations that were sold in August 2020.
The Company reported net income applicable
to common shares of $49,000 or $0.01 per share for three months ended June 30, 2021, as compared to a net loss of $137,000 or $0.03 per
share for the similar period in 2020.
The Company leases a portion of its property in West Virginia. For the three months ended June 30,
2021 and June 30, 2020 the Company recorded rental Income of $26,000.
For the three months ended June 30, 2021, corporate general &
administrative expenses were $111,000 as compared to $127,000 for the comparable periods in 2020. The decrease was due to an overall reduction
of administrative expenses.
Included in other income for the three months ended June 30, 2021 is $100,000 which represents the sale of
a receivable that had previously been fully reserved.
About
New Concept Energy, Inc.
New Concept
Energy, Inc. is a Dallas-based real estate in West Virginia. For more information, visit the Company’s website
at www.newconceptenergy.com