UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 10-Q

x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

FOR THE QUARTER ENDED JUNE 30, 2026

¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

FOR THE TRANSITION PERIOD FROM TO

Commission File Number 000-08187

NEW CONCEPT ENERGY, INC.

Nevada		75-2399477
(State or Other Jurisdiction of Incorporation or Organization)		(I.R.S. Employer Identification No.)

1603 LBJ Freeway

Suite 800

Dallas, Texas

75234

(972) 407-8400

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

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, par value $0.01	GBR	NYSE AMERICAN

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange 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: x No ¨

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).

Yes: x No ¨

Indicate by check mark whether the registrant is a large, accelerated filer, an accelerated filer, a non-accelerated filer, or smaller reporting company. See definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):

Large accelerated filer ¨

Accelerated filer ¨

Non-accelerated filer ¨

Smaller reporting company x

Emerging growth company ¨

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. ¨

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes: ¨ No: x

Indicate the number of shares outstanding of each of the issuer’s classes of Common Stock, as of the latest practicable date.

Common Stock, $.01 par value	5,131,934 shares
(Class)	(Outstanding at August 7, 2026)

NEW CONCEPT ENERGY, INC. AND SUBSIDIARY

Index to Quarterly Report on Form 10-Q

Period ended June 30, 2026

PART I:FINANCIAL INFORMATION	3

Item 1. Financial Statements (unaudited)	3
Condensed Consolidated Balance Sheets	3
Condensed Consolidated Statements of Operations	5
Condensed Consolidated Statements of Changes in Stockholders’ Equity	6
Condensed Consolidated Statements of Cash Flows	7
Notes to Condensed Consolidated Financial Statements	8

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations	11

Item 3. Quantitative and Qualitative Disclosures About Market Risk	12

Item 4. Controls and Procedures	13

PART II: OTHER INFORMATION	14

Item 6. Exhibits	14

Signatures	15

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PART I. FINANCIAL INFORMATION

Item 1. Financial Statements

NEW CONCEPT ENERGY, INC. AND SUBSIDIARY

CONDENSED CONSOLIDATED BALANCE SHEETS

(amounts in thousands)


	June 30, 2026		December 31, 2025
		(Unaudited)		(Audited)
Assets

Current assets
Cash and cash equivalents	$	304	$	383
Other current assets		65		13
Total current assets		369		396

Property and equipment, net of depreciation
Land, buildings and equipment		616		622

Note and interest receivable - related party
Note receivable		3,542		3,542
Interest receivable		-		-
Note and interest receivable - related party		3,542		3,542

Total assets	$	4,527	$	4,560

The accompanying notes are an integral part of these condensed consolidated financial statements.

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NEW CONCEPT ENERGY, INC. AND SUBSIDIARY

CONDENSED CONSOLIDATED BALANCE SHEETS - CONTINUED

(amounts in thousands, except share and par value amount)

	June 30, 2026			December 31, 2025
		(Unaudited)			(Audited)
Liabilities and stockholders' equity

Current liabilities
Accounts payable (including $8 due to related parties in 2026 and 2025)	$	47		$	26
Accrued expenses		69			43
Total current liabilities		116			69


Stockholders' equity
Preferred stock, Series B, $10 par value; authorized 100,000 shares, 1 issued and outstanding at June 30, 2026 and December 31, 2025		1			1
Common stock, $.01 par value; authorized, 100,000,000 shares; issued and outstanding, 5,131,934 shares at June 30, 2026 and December 31, 2025		51			51
Additional paid-in capital		63,579			63,579
Accumulated deficit		(59,220	)		(59,140	)

Total stockholders' equity		4,411			4,491

Total liabilities and stockholders' equity	$	4,527		$	4,560

The accompanying notes are an integral part of these condensed consolidated financial statements.

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NEW CONCEPT ENERGY, INC. AND SUBSIDIARY

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited)

(amounts in thousands, except per share amounts)


	For the Three Months ended June 30,						For the Six Months ended June 30,

		2026			2025			2026			2025
Revenue
Rent	$	26		$	26		$	52		$	52
Management fee		15			14			28			26
Total revenues		41			40			80			78


Operating expenses
Operating expenses		13			15			26			27
Corporate general and administrative		129			85			206			174
Total operating expenses		142			100			232			201

Loss from operations		(101	)		(60	)		(152	)		(123	)

Other income
Interest income ($35 and $42 for the three months eneded June 30, 2026 and 2025, respectively, and $72 and $85 for the six months ended June 30, 2026 and 2025, respectively)		35			42			72			85
Total other income		35			42			72			85

Net income (loss) applicable to common shares	$	(66	)	$	(18	)	$	(80	)	$	(38	)

Net income (loss) per common share-basic and diluted	$	(0.01	)	$	(0.00	)	$	(0.02	)	$	(0.00	)

Weighted average common and equivalent shares outstanding - basic and diluted		5,132			5,132			5,132			5,132

The accompanying notes are an integral part of these condensed consolidated financial statements.

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NEW CONCEPT ENERGY, INC. AND SUBSIDIARY

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY

(unaudited)

(Dollar amounts in thousands)


	Series B								Additional		Accumulated
	Preferred stock				Common Stock				paid-in capital		deficit			Total
	Shares		Amount		Shares		Amount


For the three months ended June 30, 2026
Balance at March 31, 2026		1	$	1		5,131,934	$	51	$	63,579	$	(59,154	)	$	4,477
Net loss				-				-		-		(66	)		(66	)
Balance at June 30, 2026		1	$	1		5,131,934	$	51	$	63,579	$	(59,220	)	$	4,411

For the three months ended June 30, 2025
Balance at March 31, 2025		1	$	1		5,131,934	$	51	$	63,579	$	(59,114	)	$	4,517
Net loss				-				-		-		(18	)		(18	)
Balance at June 30, 2025		1	$	1		5,131,934	$	51	$	63,579	$	(59,132	)	$	4,499

For the six months ended June 30, 2026
Balance at December 31, 2025		1	$	1		5,131,934	$	51	$	63,579	$	(59,140	)	$	4,491
Net loss				-				-		-		(80	)		(80	)
Balance at June 30, 2026		1	$	1		5,131,934	$	51	$	63,579	$	(59,220	)	$	4,411

For the six months ended June 30, 2025
Balance at December 31, 2024		1	$	1		5,131,934	$	51	$	63,579	$	(59,094	)	$	4,537
Net loss				-				-		-		(38	)		(38	)
Balance at June 30, 2025		1	$	1		5,131,934	$	51	$	63,579	$	(59,132	)	$	4,499

The accompanying notes are an integral part of these condensed consolidated financial statements.

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NEW CONCEPT ENERGY, INC. AND SUBSIDIARY

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)

(amounts in thousands)


	For the Six Months Ended
	June 30,
	2026			2025


Cash flows from operating activities
Net income (loss)	$	(80	)	$	(38	)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities
Depreciation, depletion and amortization		6			7
Changes in assets and liabilities:
Interest receivable		-			(44	)
Other current assets		(52	)		38
Accounts payable and other liabilities		47			30
Net cash (used) in operating activities		(79	)		(7	)

Net (decrease) in cash and cash equivalents		(79	)		(7	)
Cash and cash equivalents at beginning of year		383			363

Cash and cash equivalents at end of period	$	304		$	356

Cash paid for interest	$	-		$	-
Cash received for interest		72			85

The accompanying notes are an integral part of these condensed consolidated financial statements.

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NEW CONCEPT ENERGY, INC. AND SUBSIDIARY

Notes To Condensed Consolidated Financial Statements

(unaudited)

1: BASIS OF PRESENTATION

The accompanying unaudited condensed consolidated financial statements include the accounts of New Concept Energy, Inc., and its wholly owned subsidiary (collectively, “NCE” or the “Company”). All significant intercompany transactions and accounts have been eliminated.

The unaudited 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 adjustments that are, in the opinion of management, necessary to fairly present such information. All such adjustments are of a normal recurring nature. Although the Company believes that the disclosures are adequate to make the information presented not misleading, certain information and footnote disclosures, including a description of significant accounting policies normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America, have been condensed or omitted pursuant to such rules and regulations.

The Company is evaluating business opportunities to provide both additional income and cash flow.

These financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025. Operating results for the six-month period ended June 30, 2026, are not necessarily indicative of the results that may be expected for any subsequent quarter or for the fiscal year ending December 31, 2026.

2: NATURE OF OPERATIONS

The Company owns approximately 190 acres of land located in Parkersburg, West Virginia. Located on the land are four structures totaling approximately 53,000 square feet. Of this total area the main industrial/office building contains approximately 24,800 square feet of which approximately 16,000 square feet is leased at a rate of $104,000 per annum over the term of the lease which expires October 1, 2029. For accounting purposes this lease is classified as an operating lease.

In August 2020, the Company sold its oil and gas operations to a third party. On January 1, 2022, the Company entered into a Consulting Management Agreement with respect to such oil and gas operations whereby the Company would provide management, supervisory and administrative services for a fee of 10% of the gross revenue of such oil and gas operations. The agreement is effective January 1, 2022, and may be terminated by either party upon sixty days’ notice.

The Company is evaluating business opportunities to provide both additional income and cash flow.

3: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

We consider accounting policies related to our estimates of depreciation, amortization, leases, income tax, revenue recognition for real estate operations, impairment, and sales of real estate as significant accounting policies. Our commercial property lease includes minimum rents and rental revenue is recognized on a straight-line basis over the term of the lease.

The policies include significant estimates made by management using information available at the time the estimates are made. However, these estimates could change materially if different information or assumptions were used. These policies are summarized in our Annual Report on Form 10-K for the year ended December 31, 2025.

Revenue Recognition

The Company recognizes revenues in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 606, Revenue from Contracts with Customers. Under this guidance, the Company recognizes revenue when performance obligations under the terms of a contract with a customer are satisfied or when the Company satisfies a performance obligation.

The Company derives revenue from rental income from property leases and consulting management fees. Revenue related to rental income from property leases are recognized monthly and consulting management fees are recognized quarterly as they are earned over a period of time.

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NEW CONCEPT ENERGY, INC. AND SUBSIDIARY

Notes To Condensed Consolidated Financial Statements

(unaudited)

Income Taxes

The Company accounts for income taxes in accordance with Accounting Standards Codification, No. 740, “Accounting for Income Taxes”. ASC 740 requires an asset and liability approach to financial accounting for income taxes. In the event differences between the financial reporting basis and the tax basis of the Company’s assets and liabilities result in deferred tax assets, ASC 740 requires an evaluation of the probability of being able to realize the future benefits indicated by such assets. A valuation allowance is provided for a portion or all the deferred tax assets when there is uncertainty regarding the Company’s ability to recognize the benefits of the assets in future years. Recognition of the benefits of deferred tax assets will require the Company to generate future taxable income. There is no assurance that the Company will generate earnings in future years. Since management could not determine the likelihood that the benefit of the deferred tax asset would be realized, no deferred tax asset was recognized by the Company.

Recent Accounting Pronouncements

In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures (“ASU 2023-09”). ASU 2023-09 requires entities to disclose additional information with respect to the effective tax rate reconciliation and to disclose the disaggregation by jurisdiction of income tax expense and income taxes paid. ASU 2023-09 is effective for fiscal years beginning after December 15, 2024, with early adoption permitted. We are currently evaluating the impact of ASU 2023-09 on our consolidated financial statements.

In November 2024, the FASB issued ASU 2024-03, Income Statement-Reporting Comprehensive Income – Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses (“ASU 2024-03”), and in January 2025, the FASB issued ASU 2025-01, Income Statement – Reporting Comprehensive Income – Expense Disaggregation Disclosures (Subtopic 220-40): Clarifying the Effective Date (“ASU 2025-01”). ASU 2024-03 requires additional disclosure of the nature of expenses included in the income statement as well as disclosures about specific types of expenses included in the expense captions presented in the income statement, ASU 2024-03, as clarified by ASU 2025-01, is effective for the fiscal years beginning after December 15, 2026, and interim periods within fiscal years beginning after December 15, 2027, with early adoption permitted. We are currently evaluating the impact of these statements on our consolidated financial statements.

4: RELATED PARTIES

Beginning in 2011 Pillar Income Asset Management (“Pillar”) became an advisor to the Company. Pillar is a wholly owned subsidiary of Realty Advisors, Inc. Mr. Bertcher serves as a director of Pillar. The Company has conducted business with Pillar whereby Pillar provides the Company with services including processing payroll, acquiring insurance, information technology, cybersecurity, and other administrative matters. The Company believes that by purchasing these services through Pillar it can get lower costs and better service.

Until August 31, 2024, the arrangement between the Company and Pillar has been on an informal basis. Effective September 1, 2024, the Company and Pillar have entered into a formal agreement whereby Pillar will provide certain management administrative and advisory services for an agreed upon fee. The agreement is reviewed and renewed annually and may be terminated for any reason without penalty upon 60 days written notice by the Company to the Advisor or 120 days written notice from the Advisor to the Company. The fee for Pillar’s services for the three and six months ended June 30, 2026, were $9,000 and $18,000, respectively.

5: CONCENTRATIONS

The Company maintains its cash balances at financial institutions that participate in the Federal Deposit Insurance Corporation’s Transaction Account Guarantee Program which insures depositors up to $250,000. At June 30, 2026, the Company has not experienced losses with respect to its bank balances in excess of government provided insurance. Management believes that no significant concentration of credit risk exists with respect to these cash balances at June 30, 2026.

6: NOTE RECEIVABLE

The Company has an unsecured Note Receivable from American Realty Investors, Inc. in the amount of $3,542,000 at June 30, 2026. The note bears interest at the Secured Overnight Financing Rate (“SOFR”) at the end of each calendar quarter (3.68% at June 30, 2026) and is due at September 30, 2027.

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NEW CONCEPT ENERGY, INC. AND SUBSIDIARY

Notes To Condensed Consolidated Financial Statements

(unaudited)

7. OPERATING SEGMENTS

Segment information is prepared on the same basis that our chief operating decision maker (“CODM”) reviews information to assess performance and make resource allocation decisions. Our CODM is our President and Chief Executive Officer. We operate in ONE reportable segment: (i) ownership and management of commercial real estate property (“Commercial Segment”). The service for our segment include rental of property and other tenant services, including parking and storage space rental. The key operating metric that the CODM utilizes to evaluate the segments is net operating income (“NOI”), which we defined as property revenue less direct property operating expenses, NOI excludes depreciation, interest income and expenses, general and administrative expenses, advisory fees and income taxes.

The following table reconciles the segment information to the corresponding amounts in the condensed consolidated statements of operations (in thousands):


Three Months Ended June 30, 2026	Current Operations		Corporate			Total


Operating revenue	$	41	$	-		$	41

Operating expenses		9		129			138
Depreciation		4		-			4
Total operating expenses		13		129			142
Interest income		-		35			35
Segment operating income (loss)	$	28	$	(94	)	$	(66	)

Three Months Ended June 30, 2025		Current Operations		Corporate			Total


Operating revenue	$	40	$	-		$	40

Operating expenses		11		85			96
Depreciation		4		-			4
Total operating expenses		15		85			100
Interest income		-		42			42
Segment operating income (loss)	$	25	$	(43	)	$	(18	)

Six Months Ended June 30, 2026		Current Operations		Corporate			Total


Operating revenue	$	80	$	-		$	80

Operating expenses		19		206			225
Depreciation		7		-			7
Total operating expenses		26		206			232
Interest income		-		72			72
Segment operating income (loss)	$	54	$	(134	)	$	(80	)

Six Months Ended June 30, 2025		Current Operations		Corporate			Total


Operating revenue	$	78	$	-		$	78

Operating expenses		20		174			194
Depreciation		7		-			7
Total operating expenses		27		174			201
Interest income		-		85			85
Segment operating income (loss)	$	51	$	(89	)	$	(38	)

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NEW CONCEPT ENERGY, INC. AND SUBSIDIARY

Notes To Condensed Consolidated Financial Statements

(unaudited)

8: SUBSEQUENT EVENTS

The Company has evaluated subsequent events through August 7, 2026, the date the financial statements were filed, and determined that there are none to be reported.

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations

Critical Accounting Policies and Estimates

The Company’s discussion and analysis of its financial condition and results of operations are based upon the Company’s condensed consolidated financial statements, which have been prepared in accordance with accounting principles generally accepted in the United States. Certain of the Company’s accounting policies require the application of judgment in selecting the appropriate assumptions for calculating financial estimates. By their nature, these judgments are subject to an inherent degree of uncertainty. These judgments and estimates are based upon the Company’s historical experience, current trends and information available from other sources that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying value of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates under different assumptions or conditions.

The Company’s significant accounting policies are summarized in Note 2 to our consolidated financial statements in our annual report on Form 10-K. The Company believes the following critical accounting policies are more significant to the judgments and estimates used in the preparation of its consolidated financial statements. Revisions in such estimates are recorded in the period in which the facts that give rise to the revisions become known.

Doubtful Accounts

The Company’s allowance for doubtful accounts receivable and notes receivable is based on an analysis of the risk of loss on specific accounts. The analysis places particular emphasis on past due accounts. Management considers such information as the nature and age of the receivable, the payment history of the tenant, customer or other debtor and the financial condition of the tenant or other debtor. Management’s estimate of the required allowance, which is reviewed on a quarterly basis, is subject to revision as these factors change.

Deferred Tax Assets

Significant management judgment is required in determining the provision for income taxes, deferred tax assets and liabilities and any valuation allowance recorded against net deferred tax assets. The future recoverability of the Company’s net deferred tax assets is dependent upon the generation of future taxable income prior to the expiration of the loss carry forwards. At June 30, 2026, the Company had a deferred tax asset due to tax deductions available to it in future years. However, as management could not determine that it was more likely than not that the benefit of the deferred tax asset would be realized, a 100% valuation allowance was established.

Liquidity and Capital Resources

At June 30, 2026, the Company had current assets of $369,000 and current liabilities of $116,000 as compared to $396,000 and $69,000, respectively at December 31, 2025.

Cash and cash equivalents at June 30, 2026, were $304,000 as compared to $383,000 at December 31, 2025.

Results of Operations

Comparison of the three months ended June 30, 2026 to the same period in 2025

The Company reported a Net Income (loss) applicable to common shares on the Statement of Operations of ($66,000) for the three months ended June 30, 2026, as compared to a net loss of ($18,000) for the similar period in 2025.

For the three months ended June 30, 2026 the Company had total revenue of $41,000 including $26,000 for rental income and $15,000 in management fees. For the three months ended June 30, 2025 the Company had total revenue of $40,000 including $26,000 for rental income and $14,000 in management fees.

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For the three months ended June 30, 2026, corporate general and administrative expenses were $129,000 as compared to $85,000 for the comparable period in 2025.

For the three months ended June 30, 2026, interest income was $35,000 as compared to $42,000 for the comparable period in 2025.

Comparison of the six months ended June 30, 2026 to the same period in 2025

The Company reported a Net Income (loss) applicable to common shares on the Statement of Operations of ($80,000) for the six months ended June 30, 2026, as compared to a net loss of $38,000 for the similar period in 2025.

For the six months ended June 30, 2026 the Company had total revenue of $80,000 including $52,000 for rental income and $28,000 in management fees. For the six months ended June 30, 2025 the Company had total revenue of $78,000 including $52,000 for rental income and $26,000 in management fees.

For the six months ended June 30, 2065, corporate general & administrative expenses were $206,000 as compared to $174,000 for the comparable period in 2025.

For the six months ended June 30, 2026, interest income was $72,000 as compared to $85,000 for the comparable period in 2024.

Forward Looking Statements

“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995:A number of the matters and subject areas discussed in this filing that are not historical or current facts deal with potential future circumstances, operations, and prospects. The discussion of such matters and subject areas is qualified by the inherent risks and uncertainties surrounding future expectations generally, and also may materially differ from the Company’s actual future experience involving any one or more of such matters and subject areas relating to interest rate fluctuations, the ability to obtain adequate debt and equity financing, demand, pricing, competition, construction, licensing, permitting, construction delays on new developments, contractual and licensure, and other delays on the disposition, transition, or restructuring of currently or previously owned, leased or managed properties in the Company’s portfolio, and the ability of the Company to continue managing its costs and cash flow while maintaining high occupancy rates and market rate charges in its retirement community.The Company has attempted to identify, in context, certain of the factors that it currently believes may cause actual future experience and results to differ from the Company’s current expectations regarding the relevant matter of subject area. These and other risks and uncertainties are detailed in the Company’s reports filed with the Securities and Exchange Commission (“SEC”), including the Company’s Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q.

Inflation

The Company’s principal source of revenue is rent fees for services rendered and interest income. Although the Company has not historically experienced any adverse effects of inflation on salaries or other operating expenses, there can be no assurance that such trends will continue.

Environmental Matters

The Company has conducted environmental assessments on most of its existing owned or leased properties. These assessments have not revealed any environmental liability that the Company believes would have a material adverse effect on the Company’s business, assets, or results of operations. The Company is not aware of any such environmental liability. The Company believes that all of its properties are in compliance in all material respects with all federal, state, and local laws, ordinances, and regulations regarding hazardous or toxic substances or petroleum products. The Company has not been notified by any governmental authority and is not otherwise aware of any material non-compliance, liability or claim relating to hazardous or toxic substances or petroleum products in connection with any of its communities.

Item 3. Quantitative and Qualitative Disclosures about Market Risk

Interest Rate Risk

The Company has a note receivable which has a variable interest rate.

The Company has extinguished all its outstanding debt obligations that bare interest therefore; the Company has no risk from exposure to changes in interest rates from debt obligations.

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Item 4. CONTROLS AND PROCEDURES

(a)Based on an evaluation by our management (with the participation of our Principal Executive Officer and Principal Financial Officer), as of the end of the period covered by this report, our Principal Executive Officer and Principal Financial Officer concluded that our disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as amended (the “Exchange Act”) were effective to provide reasonable assurance that information required to be disclosed by us in reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in SEC rules and forms and that such information is accumulated and communicated to our management, including our Principal Executive Officer and Principal Financial Officer, to allow timely decisions regarding required disclosures.

(b)There has been no change in our internal control over financial reporting (as defined in Exchange Act Rule 13a-15(f)) during the most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

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PART II. OTHER INFORMATION

Item 6. Exhibits

The following exhibits are filed herewith or incorporated by reference as indicated below.

Exhibit Designation	Exhibit Description

3.1	Articles of Incorporation of Medical Resource Companies of America (incorporated by reference to Exhibit 3.1 to Registrant’s Form S-4 Registration Statement No. 333-55968 dated December 21, 1992)

3.2	Amendment to the Articles of Incorporation of Medical Resource Companies of America (incorporated by reference to Exhibit 3.5 to Registrant’s Form 8-K dated April 1, 1993)

3.3	Restated Articles of Incorporation of Greenbriar Corporation (incorporated by reference to Exhibit 3.1.1 to Registrant’s Form 10-K dated December 31, 1995)

3.4	Amendment to the Articles of Incorporation of Medical Resource Companies of America (incorporated by reference to Exhibit to Registrant’s PRES 14-C dated February 27, 1996)

3.5	Bylaws of Registrant (incorporated by reference to Exhibit 3.2 to Registrant’s Form S-4 Registration Statement No. 333-55968 dated December 21, 1992)

3.6	Amendment to Section 3.1 of Bylaws of Registrant adopted October 9, 2003 (incorporated by reference to Exhibit 3.2.1 to Registrant’s Form S-4 Registration Statement No. 333-55968 dated December 21, 1992)

3.7	Certificate of Decrease in Authorized and Issued Shares effective November 30, 2001 (incorporated by reference to Exhibit 2.1.7 to Registrant’s Form 10-K dated December 31, 2002)

3.8	Certificate of Designations, Preferences and Rights of Preferred Stock dated May 7, 1993, relating to Registrant’s Series B Preferred Stock (incorporated by reference to Exhibit 4.1.2 to Registrant’s Form S-3 Registration Statement No. 333-64840 dated June 22, 1993)

3.9	Certificate of Voting Powers, Designations, Preferences and Rights of Registrant’s Series F Senior Convertible Preferred Stock dated December 31, 1997 (incorporated by reference to Exhibit 2.2.2 of Registrant’s Form 10-KSB for the fiscal year ended December 31, 1997)

3.10	Certificate of Voting Powers, Designations, Preferences and Rights of Registrant’s Series G Senior Non-Voting Convertible Preferred Stock dated December 31, 1997 (incorporated by reference to Exhibit 2.2.3 of Registrant’s Form 10-KSB for the fiscal year ended December 31, 1997)

3.11	Certificate of Designations dated October 12, 2004, as filed with the Secretary of State of Nevada on October 13, 2004 (incorporated by reference to Exhibit 3.4 of Registrant’s Current Report on Form 8-K for event occurring October 12, 2004)

3.12	Certificate of Amendment to Articles of Incorporation effective February 8, 2005 (incorporated by reference to Exhibit 3.5 of Registrant’s Current Report on Form 8-K for event occurring February 8, 2005)

3.13	Certificate of Amendment to Articles of Incorporation effective March 21, 2007 (incorporated by reference to Exhibit 3.13 of Registrant’s Current Report on Form 8-K for event occurring March 21, 2005)

31.1*	Certification pursuant to Rule 13a-14 and 15d-14 under the Securities Exchange Act of 1934, as amended, of Principal Executive Officer and Chief Financial Officer

32.1*	Certification of Principal Executive Officer and Chief Financial Officer pursuant to 18 U.S.C. §1350

101	Interactive data files pursuant to Rule 405 of Regulation S-T.

*Filed herewith.

Table of Contents

Signatures

Pursuant to the requirements of the Securities and Exchange Act of 1934, Registrant has duly caused this Report to be signed on its behalf by the undersigned, thereunto duly authorized.

	New Concept Energy, Inc.

Date: August 7, 2026	By:	/s/ Gene Bertcher
		Gene S. Bertcher, Principal Executive
		Officer, President and Chief Financial
		Officer