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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 September 30, 2021

Or

 

¨ 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.

(Exact Name of Registrant as Specified in Its Charter)

 

Nevada   75-2399477

(State or Other Jurisdiction of

Incorporation or Organization)

 

(I.R.S. Employer

Identification No.)

1603 LBJ Freeway

Suite 800

Dallas, Texas

  (Address of principal executive offices)  
  75234  
  (Zip Code)  
  (972) 407-8400  
  (Registrant’s telephone number, including area code)  

 

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 every Interactive Data File required to be submitted 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 such files).      Yes: x   No ¨

 

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

 

Large accelerated filer o Accelerated filer o
Non-accelerated filer o Smaller reporting company þ  
  Emerging growth company o

 

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.  o

 

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

 

Yes: ¨No: þ

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 November 9, 2021)

 

 

  1  
 

 

NEW CONCEPT ENERGY, INC., AND SUBSIDIARIES

Index to Quarterly Report on Form 10-Q

Period ended September 30, 2021

 

PART I:  FINANCIAL INFORMATION  
   
Item 1.  Financial Statements  
Consolidated Balance Sheets 3
Consolidated Statements of Operations 5
Consolidated Statements of Cash Flows 6
Consolidated Statements of Changes in Stockholders’ Equity 7
   
Notes To Consolidated Financial Statements 8
   
Item 2.  Management's Discussion and Analysis of Financial Condition and Results of Operations 9
   
Item 3.  Quantitative and Qualitative Disclosures About Market Risk 11
   
Item 4.  Controls and Procedures 11
   
PART II:  OTHER INFORMATION 12
   
Item 6. Exhibits 12
   
Signatures 13

 

  2  
 

 

PART I.  FINANCIAL INFORMATION

 

Item 1.  Financial Statements

 

 

NEW CONCEPT ENERGY, INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(unaudited)

(amounts in thousands)

 

                 
    September 30,
2021 		    December 31,
2020 		 
             
Assets                
                 
Current assets                
Cash and cash equivalents   $ 249     $ 27  
Current portion note receivable (including $3,637 and $3,631 in 2021 and 2020 from related parties     3,596       3,683  
Other current assets     38       92  
Total current assets   $ 3,883     $ 3,802  
                 
Property and equipment, net of depreciation                
Land, buildings and equipment     647       656  
                 
Note receivable     -       153  
                 
Total assets   $ 4,530     $ 4,611  

 

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

 

  3  
 

 

NEW CONCEPT ENERGY, INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS - CONTINUED

(unaudited)

(dollars in thousands, except par value amount)

 

                 
    September 30,
 2021 		    December 31,
2020 		 
             
Liabilities and stockholders' equity                
                 
Current liabilities                
Accounts payable - (including $33 and $55 due to related parties in 2021 and 2020)   $ 66     $ 80  
Accrued expenses     19       32  
Current portion of long term debt     -       52  
Total current liabilities     85       164  
                 
Long-term debt                
Notes payable less current portion     -       122  
                 
Total liabilities     85       286  
                 
Stockholders' equity                
Preferred stock, Series B     1       1  
Common stock, $.01 par value; authorized, 100,000,000                
shares; issued and outstanding,  5,131,934 shares                
at September 30, 2021 and December 31, 2020     51       51  
Additional paid-in capital     63,579       63,579  
Accumulated deficit     (59,186 )     (59,306 )
                 
Total shareholder equity     4,445       4,325  
                 
Total liabilities & equity   $ 4,530     $ 4,611  

 

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

 

  4  
 

 

NEW CONCEPT ENERGY, INC AND SUBSIDIARIES

CONSOLIDATED STATEMENT OF OPERATIONS

(unaudited)

(amounts in thousands, except per share data)

 

                             
    For the Three Months
ended September 30, 		    For the Nine Months
ended September 30, 		 
                         
      2021       2020       2021       2020  
Revenue                                
Rent   $ 25     $ 25     $ 76     $ 76  
                                 
                                 
Operating expenses                                
Operating Expenses     34       15       71       46  
Corporate general and administrative     53       65       238       296  
Total operating expenses     87       80       309       342  
Operating earnings (loss)     (62 )     (55 )     (233 )     (266 )
                                 
Other income (expense)                                
Interest income from a related party     53       54       159       172  
Interest income from a third party     2       3       8       12  
Interest expense     (1 )     (3 )     (5 )     (9 )
Other income (expense), net     -       83       191       83  
      54       137       353       258  
                                 
Earnings (loss) from continuing operations   $ (8 )   $ 82     $ 120     $ (8 )
                                 
Discontinued Operations                                
Loss from discontinued operations     -       (38 )     -       (182 )
Gain from disposal of oil & gas operations     -       2,138       -       2,138  
      -       2,100       -       1,956  
                                 
Earnings (loss) applicable to common shares   $ (8 )   $ 2,182     $ 120       1,948  
                                 
Net income (loss) per common share-basic and diluted   $ 0.01     $ 0.43     $ 0.02     $ 0.38  
                                 
Weighted average common and equivalent shares outstanding - basic     5,132       5,132       5,132       5,132  

 

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

 

  5  
 

 

NEW CONCEPT ENERGY, INC AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

(unaudited)

(amounts in thousands)

 

             
    For the Nine Months Ended
    September 30,
    2021   2020
         
         
Cash flows from operating activities        
Net Income (loss) from Continuing Operations   $ 120     $ (8 )
Net Income (loss) from Disontinued Operations     -       1,956  
Adjustments to reconcile net income to net cash provided by (used in) operating activities                
Gain on sale of oil and gas operations     -       (2,138 )
Depreciation and amortization     27       13  
Other current and non-current assets     141       (125 )
Accounts payable and other liabilities     (27 )     (189 )
Net cash provided by (used) in operating activities     261       (491 )
                 
Cash flows from financing activities                
 Payment on note payable     (192 )     (35 )
Net cash provided by (used in) financing activities     (192 )     (35 )
                 
Cash flows from investing activities                
Proceeds for sale of discontinued operations     -       85  
Receipt on note receivable     153       461  
Net cash provided by (used in) financing activities     153       546  
                 
Net increase (decrease) in cash and cash equivalents     222       20  
Cash and cash equivalents at beginning of year     27       22  
                 
Cash and cash equivalents at end of period   $ 249     $ 42  
                 
Supplemental disclosures of cash flow information                
  Cash paid for interest on notes payable   $ 5     $ 9  

  

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

 

  6  
 

 

NEW CONCEPT ENERGY, INC AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY

For the Three and Nine Months Ended September 30, 2021 and 2020

(Unaudited, shares and dollars in thousands)

 

                                                         
    Series B           Additional              
For the three months ended   Preferred stock     Common Stock     Paid-in     Accumulated        
September 30, 2021   Shares     Amount     Shares     Amount     Capital     deficit     Total  
                                           
Balance at June 30, 2021     1     $ 1       5,132     $ 51     $ 63,579     $ (59,178 )   $ 4,453  
Net Loss     -       -       -       -       -       (8 )      (8 )
Balance at September 30, 2021     1     $ 1       5,132     $ 51     $ 63,579     $ (59,186 )   $ 4,445  

 

 

                                                         
    Series B           Additional              
For the three months ended   Preferred stock     Common Stock     Paid-in     Accumulated        
September 30, 2020   Shares     Amount     Shares     Amount     Capital     deficit     Total  
                                           
Balance at June 30, 2020     1     $ 1       5,132     $ 51     $ 63,579     $ (61,456 )   $ 2,175  
Net Income     -       -       -       -       -       2,182       2,182  
Balance at September 30, 2020     1     $ 1       5,132     $ 51     $ 63,579     $ (59,274 )   $ 4,357  

 

 

                                                         
    Series B           Additional              
For the nine months ended   Preferred stock     Common Stock     Paid-in     Accumulated        
September 30, 2021   Shares     Amount     Shares     Amount     Capital     deficit     Total  
                                           
Balance at December 31, 2020     1     $ 1       5,132     $ 51     $ 63,579     $ (59,306 )   $ 4,325  
Net Income     -       -       -       -       -       120       120  
Balance at September 30, 2021     1     $ 1       5,132     $ 51     $ 63,579     $ (59,186 )   $ 4,445  

 

 

                                                         
    Series B           Additional              
For the nine months ended   Preferred stock     Common Stock     Paid-in     Accumulated        
September 30, 2020   Shares     Amount     Shares     Amount     Capital     deficit     Total  
                                           
Balance at December 31, 2019     1     $ 1       5,132     $ 51     $ 63,579     $ (61,222 )   $ 2,409  
Net Income     -       -       -       -       -       1,948       1,948  
Balance at September 30, 2020     1     $ 1       5,132     $ 51     $ 63,579     $ (59,274 )   $ 4,357  

  

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

 

  7  
 

 

NEW CONCEPT ENERGY, INC. AND SUBSIDIARIES

Notes To Consolidated Financial Statements

 

NOTE A: BASIS OF PRESENTATION

 

The accompanying unaudited consolidated financial statements include the accounts of New Concept Energy, Inc. and its majority-owned subsidiaries (collectively, “NCE” or the “Company”).  All significant intercompany transactions and accounts have been eliminated.  Certain reclassifications have been made to the prior year revenue and operating expense amounts in the statement of operations to conform to the current year presentation.

 

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.

 

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 ending December 31, 2020.  Operating results for the three and nine month periods ended September 30, 2021 are not necessarily indicative of the results that may be expected for any subsequent quarter or for the fiscal year ending December 31, 2021.

 

NOTE B: NATURE OF OPERATIONS

 

The Company also 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 $101,000 per annum.

 

 

NOTE C: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

 

We consider accounting policies related to our estimates of depreciation amortization and depletion, segments, oil and gas properties, oil and gas reserves, gas gathering assets, office and field equipment, revenue recognition and gas imbalances, leases, revenue recognition for real estate operations, impairment, and sales of real estate as significant accounting policies.  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, 2020.

 

NOTE D: DISCONTINUED OPERATIONS

 

On August 31, 2020, the Company sold its entire oil and gas operation for $85,000 to an independent third party. In prior years the Company has accrued a liability of $2,745,000 to plug and abandon the existing wells. This obligation was assumed by the buyer. Upon the sale of the wells the Company recorded a gain of $2,138,000.

 

Also included in discontinued operations are net operating expenses the company incurred during the periods presented. For the three and nine months ended September 30, 2020, the Company recorded operating losses of$38,000 and $182,000.

 

 

NOTE E: LIQUIDITY

 

The Company’s ability to meet current cash obligations relies on cash received from current operations and the collection of notes receivable. The Company is evaluating business opportunities to provide both additional income and cash flow.

 

  8  
 

 

NOTE F: CONTINGENCIES

 

 Both the COVID-19 pandemic and attempts at containment have resulted in decreased economic activity which has adversely affected the broader global economy. At this time, the full extent to which COVID-19 pandemic will negatively impact the global economy and our business is uncertain.

 

 

NOTE G:  SUBSEQUENT EVENTS

 

The Company has evaluated subsequent events through November 9, 2021, the date the financial statements were available to be issued 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 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 B 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 September 30, 2021, 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 September 30, 2021, the Company had current assets of $3,883,000 and current liabilities of $85,000.

 

Cash and cash equivalents at September 30, 2021 were $249,000 as compared to $27,000 at December 31, 2020.

 

Net cash provided in operating activities was $261,000 for the nine months ended September 30, 2021.  

 

Net cash used in financing activities was $192,000 for the nine months ended September 30, 2021. This is the cash used to repay the Companies outstanding mortgage on its properties.

 

Net cash provided from investing activities was $153,000 for the nine months ended September 30, 2021. This is the cash collected from the outstanding notes receivable.

 

  9  
 

 

Results of Operations

 

Comparison of the three months ended September 30, 2021 to the same period in 2020

 

The Company reported net loss from continuing operations of $8,000 for three months ended September 30, 2021, as compared to net income of $82,000 for the similar period in 2020.

 

For the three months ended September 30, 2021 and 2020, the Company recorded rental revenue of $25,000.

 

For the three months ended September 30, 2021, corporate general & administrative expenses were $53,000 as compared to $65,000 for the comparable periods in 2020.

 

For the three months ended September 30, 2020 the Company reported other income of $83,000 which represents a tax refund for taxes paid in prior years.

 

For the three months ended September 30, 2020 the Company recorded a gain from discontinued operation of $2,100,000. Included in 2020 is a gain from the sale of the oil and gas business of $2,138,000.

 

 

Comparison of the nine months ended September 30, 2021 to the same period in 2020

 

The Company reported net income from continuing operations of $120,000 for nine months ended September 30, 2021, as compared to net loss of $8,000 for the similar period in 2020.

 

For the nine months ended September 30, 2021 and 2020, the Company recorded rental revenue of $76,000.

 

For the nine months ended September 30, 2021, corporate general & administrative expenses were $238,000 as compared to $296,000 for the comparable periods in 2020. 

 

For the nine months ended September 30, 2020 the Company recorded a gain from discontinued operations of $1,956,000 Included in 2020 is a gain from the sale of the oil and gas business of $2,138,000.

 

“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

 

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 or that, should inflationary pressures arise, the Company will be able to offset such costs by increasing rental rates in its real estate operation.

 

Environmental Matters

 

The Company is not aware of any such environmental liability.  The Company believes that all 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.

 

  10  
 

 

 Item 3. Quantitative and Qualitative Disclosures about Market Risk

 

Interest Rate Risk

 

All of the Company’s debt has been financed at fixed rates of interest.  Therefore, the Company has had no risk from exposure to changes in interest rates.

 

   

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. 
   
104 Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101).

 

*Filed herewith.

 

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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: November 9, 2021 By:   /s/ Gene Bertcher
    Gene S. Bertcher, Principal Executive Officer,  
     President and Principal Financial Officer  

 

 

13

 

 

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