New Concept Energy Files 2024 10-K
Ticker: GBR · Form: 10-K · Filed: Mar 24, 2025 · CIK: 105744
Sentiment: neutral
Topics: 10-K, oil-and-gas, financials
TL;DR
NCE filed its 2024 10-K, showing financials for oil & gas ops. Check it for details.
AI Summary
New Concept Energy, Inc. filed its 2024 10-K on March 24, 2025, reporting on its fiscal year ending December 31, 2024. The company, formerly CabelTel International Corp, operates in the crude petroleum & natural gas sector. The filing details financial data for the fiscal years 2024 and 2023, including information on common stock, additional paid-in capital, and retained earnings.
Why It Matters
This filing provides investors with the company's official financial performance and position for the 2024 fiscal year, crucial for understanding its operational health and future prospects in the energy sector.
Risk Assessment
Risk Level: medium — The company operates in the volatile crude petroleum & natural gas industry, which inherently carries significant market and operational risks.
Key Numbers
- 2024 — Fiscal Year End (The period covered by the financial statements in the 10-K.)
- 2023 — Prior Fiscal Year (Comparative financial data is provided for this year.)
- 105744 — Central Index Key (Unique identifier for New Concept Energy, Inc. in SEC filings.)
Key Players & Entities
- New Concept Energy, Inc. (company) — Filer of the 10-K
- CabelTel International Corp (company) — Former name of New Concept Energy, Inc.
- 2024-12-31 (date) — Fiscal year end
- 2025-03-24 (date) — Filing date
- CRUDE PETROLEUM & NATURAL GAS (industry) — Company's Standard Industrial Classification
FAQ
What were the primary financial results for New Concept Energy, Inc. in fiscal year 2024?
The 10-K filing for the fiscal year ending December 31, 2024, provides detailed financial statements, including balance sheets and income statements, which would contain the primary financial results. Specific figures for revenue, net income/loss, and other key metrics are available within the full document.
Has New Concept Energy, Inc. undergone any name changes?
Yes, New Concept Energy, Inc. was formerly known as CabelTel International Corp, with a name change effective February 11, 2005. It was also formerly known as GREENBRIAR CORP and MEDICAL RESOURCE COMPANIES OF AMERICA.
What industry does New Concept Energy, Inc. operate in?
New Concept Energy, Inc. operates in the CRUDE PETROLEUM & NATURAL GAS industry, as indicated by its Standard Industrial Classification code [1311].
When was this 10-K filing submitted to the SEC?
This 10-K filing was submitted to the SEC on March 24, 2025.
What are the key financial statement components mentioned in the filing data?
The filing data references components such as us-gaap:CommonStockMember, us-gaap:AdditionalPaidInCapitalMember, and us-gaap:RetainedEarningsMember for the fiscal years ending December 31, 2022, and December 31, 2023.
Filing Details
This Form 10-K (Form 10-K) was filed with the SEC on March 24, 2025 regarding New Concept Energy, Inc. (GBR).