New Concept Energy, Inc. GBR
the name Medical Resource Companies of America, Inc. The Company is the successor-by-merger to Wespac Investors Trust, a California business
trust that began operating in 1982. On March 26, 1996, the name was changed to Greenbriar Corporation. On February 8, 2005, the name of
the Company was changed to CabelTel International Corporation. On May 21, 2008, the name of the company was changed to New Concept Energy,
Inc.
Last close
0.67
2026-10-23
Market cap
$3.4M
2026-06-30 share count
52-week range
0.62 - 1.31
Valuation FY2025 figures against the last close
P/S22.2x
P/E—
P/FCF172.4x
EV/EBITDA—
Dividend yield—
Diluted EPS-0.01
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $155.0K | $146.0K | $152.0K | $212.0K | $101.0K | $101.0K | $98.0K | $123.0K | $791.0K | $764.0K |
| SG&A | $364.0K | $335.0K | $338.0K | $317.0K | $360.0K | $396.0K | $418.0K | $359.0K | $408.0K | $352.0K |
| Total operating expenses | $420.0K | $383.0K | $395.0K | $374.0K | $437.0K | $468.0K | $479.0K | $59.0K | $4.1M | $1.5M |
| Operating income | -$265.0K | -$237.0K | -$243.0K | -$162.0K | -$336.0K | -$367.0K | -$381.0K | -$295.0K | -$3.3M | -$769.0K |
| Interest expense | — | — | — | — | $5.0K | $12.0K | $15.0K | $18.0K | $24.0K | $38.0K |
| Pre-tax income | -$46.0K | -$18.0K | — | $181.0K | $70.0K | $1.9M | -$2.4M | -$484.0K | -$3.2M | -$3.2M |
| Income tax | — | — | — | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net income | -$46.0K | -$18.0K | -$21.0K | $181.0K | $70.0K | $1.9M | -$2.4M | -$484.0K | -$3.2M | -$3.2M |
| EPS, basic | -0.01 | -0.01 | -0.01 | 0.04 | 0.01 | — | — | — | — | — |
| EPS, diluted | -0.01 | -0.01 | -0.01 | 0.04 | 0.01 | 0.37 | -0.46 | -0.21 | -1.59 | 0.02 |
| Shares, diluted (wtd. avg.) | 5,132 | 5,132 | 5,132 | 5,132 | 5,132 | 5,132 | 5.1M | 2,358 | 1,947 | 1,947 |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $383.0K | $363.0K | $447.0K | $436.0K | $252.0K | $27.0K | $22.0K | $361.0K | $419.0K | $113.0K |
| Receivables | — | — | — | — | — | — | $73.0K | $72.0K | $67.0K | $119.0K |
| Total current assets | $396.0K | $372.0K | $459.0K | $466.0K | $3.8M | $3.8M | $4.1M | $4.5M | $522.0K | $438.0K |
| Property, plant and equipment | $622.0K | $636.0K | $629.0K | $631.0K | $643.0K | $656.0K | $668.0K | $618.0K | $661.0K | $706.0K |
| Total assets | $4.6M | $4.6M | $4.6M | $4.6M | $4.5M | $4.6M | $5.8M | $7.9M | $4.2M | $7.2M |
| Short-term debt | — | — | — | — | — | $52.0K | $44.0K | $59.0K | $81.0K | $96.0K |
| Total current liabilities | $69.0K | $57.0K | $75.0K | $63.0K | $60.0K | $164.0K | $290.0K | $150.0K | $556.0K | $393.0K |
| Long-term debt | — | — | — | — | — | $140.0K | $221.0K | $260.0K | $359.0K | $432.0K |
| Total liabilities | — | — | — | — | $60.0K | $286.0K | $3.4M | $3.1M | $3.6M | $3.5M |
| Retained earnings | -$59.1M | -$59.1M | -$59.1M | -$59.1M | -$59.2M | -$59.3M | -$61.2M | -$58.9M | -$58.4M | -$55.1M |
| Total equity | $4.5M | $4.5M | $4.6M | $4.6M | $4.4M | $4.3M | $2.4M | $4.8M | $636.0K | $3.7M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $20.0K | -$64.0K | $22.0K | $184.0K | $123.0K | -$535.0K | -$239.0K | -$637.0K | $202.0K | -$314.0K |
| Depreciation and amortisation | $14.0K | $13.0K | $13.0K | $12.0K | $13.0K | $12.0K | $18.0K | $43.0K | $320.0K | $664.0K |
| Capital expenditure | — | $20.0K | $11.0K | — | — | — | $68.0K | — | $0 | $52.0K |
| Investing cash flow | — | -$20.0K | -$11.0K | — | $276.0K | $593.0K | -$56.0K | -$4.0M | $14.0K | $686.0K |
| Financing cash flow | — | — | — | — | -$174.0K | -$53.0K | -$44.0K | $4.5M | $90.0K | -$732.0K |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001214659-26-004135.
Plot the figures US dollars
Income statement
Revenue
Cost of revenue
Gross profit
R&D
SG&A
Total operating expenses
Operating income
Interest expense
Pre-tax income
Income tax
Net income
EPS, basic
EPS, diluted
Shares, diluted (wtd. avg.)
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $764.0K | $791.0K | $123.0K | $98.0K | $101.0K | $101.0K | $212.0K | $152.0K | $146.0K | $155.0K |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Net income | -$3.2M | -$3.2M | -$484.0K | -$2.4M | $1.9M | $70.0K | $181.0K | -$21.0K | -$18.0K | -$46.0K |
Recent filings and events
- Unregistered share sale Shares issued outside a registered offering. Dilution, and for a small company often the way it is funded. Item 3.02
- Change of control Control of the company has changed hands. Item 5.01
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Shareholder vote Item 5.07
- Results announced Item 2.02
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Unregistered share sale Item 3.02
- Results announced Item 2.02
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Shareholder vote Item 5.07
- Results announced Item 2.02
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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