BASIS OF PRESENTATION	6 Months Ended
Jun. 30, 2025
Accounting Policies [Abstract]
BASIS OF PRESENTATION	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, 2024. Operating results for the six-month period ended June 30, 2025, are not necessarily indicative of the results that may be expected for any subsequent quarter or for the fiscal year ending December 31, 2025.

BASIS OF PRESENTATION

6 Months Ended

Jun. 30, 2025

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, 2024. Operating results for the six-month period ended June 30, 2025, are not necessarily indicative of the results that may be expected for any subsequent quarter or for the fiscal year ending December 31, 2025.

New Concept Energy, Inc. 10-Q