NEW CONCEPT ENERGY, INC AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF OPERATIONS
(unaudited)
(amounts in thousands, except per share data)
	For the Three Months ended March 31,
	2014			2013
Revenue
Oil and gas operations, net of royalties	$	344		$	340
Real estate operations		725			680
		1,069			1,020
Operating expenses
Oil and gas operations		483			456
Real estate operations		396			386
Real Estate - Lease expense		240			236
Corporate general and administrative		192			173
		1,311			1,251
Operating earnings (loss)		(242	)		(231	)
Other income (expense)
Interest income		1			6
Interest expense		(31	)		(49	)
Recovery of bad debt expense		-			339
Other income (expense), net		232			(34	)
Expense		202			262
Net income (loss) applicable to common shares	$	(40	)	$	31
Net income (loss) per common share-basic and diluted	$	(0.02	)	$	0.02
Weighted average common and equivalent shares outstanding - basic		1,947			1,947

NEW CONCEPT ENERGY, INC. AND SUBSIDARIES
CONSOLIDATED BALANCE SHEETS
(unaudited)
(amounts in thousands)
	March 31, 2014		December 31, 2013
Assets
Current assets
Cash and cash equivalents	$	443	$	1,621
Accounts receivable from oil and gas sales		168		195
Other current assets		201		203
Total current assets		812		2,019
Oil and natural gas properties (full cost accounting method)
Proved developed and undeveloped oil and gas properties, net of depletion		9,025		9,190
Property and equipment, net of depreciation
Land, buildings and equipment - oil and gas operations		1,422		1,442
Other		188		183
Total property and equipment		1,610		1,625
Other assets (including $123,000 and $122,000 due from related parties
in 2014 and 2013		1,145		474
Total assets	$	12,592	$	13,308

NEW CONCEPT ENERGY, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS - CONTINUED
(unaudited)
(amounts in thousands, except share amounts)
	March 31, 2014			December 31, 2013
Liabilities and stockholders' equity
Current liabilities
Accounts payable - trade	$	303		$	121
Accrued expenses		175			965
Current portion of long term debt		185			185
Total current liabilities		663			1,271
Long-term debt
Notes payable less current portion		2,127			2,195
Asset retirement obligation		2,770			2,770
Total liabilities		5,560			6,236
Stockholders' equity
Preferred stock, Series B		1			1
Common stock, $.01 par value; authorized, 100,000,000
shares; issued and outstanding, 1,946,935 shares
at March 31, 2014 and December 31, 2013		20			20
Additional paid-in capital		58,838			58,838
Accumulated deficit		(51,827	)		(51,787	)
		7,032			7,072
Total liabilities & equity	$	12,592		$	13,308