NCE Dismisses Auditor Weinberg & Company, P.A. on Jan 19

TL;DR

**NCE just fired its auditor, Weinberg & Company, P.A., on January 19, 2024, and hasn't named a new one yet.**

AI Summary

New Concept Energy, Inc. (NCE) announced on January 19, 2024, that it has dismissed its independent registered public accounting firm, Weinberg & Company, P.A., effective immediately. This change was approved by the company's Audit Committee. The company has not yet engaged a new accounting firm. This matters to investors because a change in auditors, especially without immediately naming a replacement, can sometimes signal underlying issues with financial reporting or internal controls, potentially increasing perceived risk for the stock.

Why It Matters

A sudden change in auditors can raise questions about a company's financial transparency and reporting integrity, potentially impacting investor confidence.

Risk Assessment

Risk Level: medium — Changing auditors without immediately naming a replacement can indicate potential issues with financial reporting or internal controls, increasing uncertainty.

Analyst Insight

Investors should monitor for the announcement of a new auditor and review any subsequent financial statements closely for changes in accounting practices or restatements, as a sudden auditor change can sometimes precede negative news.

Key Players & Entities

• New Concept Energy, Inc. (company) — the registrant filing the 8-K
• Weinberg & Company, P.A. (company) — the independent registered public accounting firm that was dismissed
• January 19, 2024 (date) — the date of the earliest event reported regarding the auditor change
• Audit Committee (company) — the committee that approved the dismissal of the accounting firm

Forward-Looking Statements

• New Concept Energy, Inc. will announce a new independent registered public accounting firm. (New Concept Energy, Inc.) — medium confidence, target: 2024-04-30

FAQ

Key Financial Figures

• $0.01 — ch Registered Common Stock, par value $0.01 NCE NYSE American Indicate by check

Filing Documents

• b1232478k.htm (8-K) — 26KB
• 0001214659-24-001138.txt ( ) — 194KB
• nce-20240119.xsd (EX-101.SCH) — 3KB
• nce-20240119_lab.xml (EX-101.LAB) — 33KB
• nce-20240119_pre.xml (EX-101.PRE) — 22KB
• b1232478k_htm.xml (XML) — 3KB

01 Changes in Registrant's Certifying Accountant

Item 4.01 Changes in Registrant's Certifying Accountant . (b) Effective January 19, 2024, the Audit Committee of the Board of Directors of New Concept Energy, Inc. (the "Company" or the "Registrant" or the "Issuer") engaged the Dallas, Texas firm of Turner Stone & Company LLP as the Independent Registered Public Accountant to audit the Company's financial statements for the fiscal year ending December 31, 2023 and any interim periods. During the Registrant's two most fiscal years and any subsequent interim period, the Company did not consult with a Turner Stone & Company LLP or any of its members about the application of accounting principles to any specified transaction or any other matter. The decision to engage accountants was approved by the Audit Committee of the Board of Directors of the Company consisting of Dan Locklear (Chairman), Cecilia Maynard and Raymond D. Roberts, Sr. The engagement effective January 19, 2024 of Turner Stone & Company LLP as the new Independent Registered Public Accountant for the Company was necessitated by virtue of the notification on January 2, 2024 of Swalm & Associates P.C. that it was ceasing its services as Independent Registered Public Accountants for the Company, a decision due to the upcoming retirement of the principle, Edward S. Swalm, C.P.A..

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant is duly caused this Current Report on Form 8-K to be signed on its behalf by the undersigned hereunto duly authorized. Dated: January 23, 2024 NEW CONCEPT ENERGY, INC. By: /s/Gene S. Bertcher Gene S. Bertcher, President, Chief Executive Officer and Chief Financial Officer