NEW CONCEPT ENERGY, INC AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF OPERATIONS
(unaudited)
(amounts in thousands, except per share data)
	For the Three Months ended June 30,						For the Six Months ended June 30,
	2015			2014			2015			2014
Revenue
Oil and gas operations, net of royalties	$	259		$	485		$	431		$	829
Real estate operations		744			728			1,461			1,453
		1,003			1,213			1,892			2,282
Operating expenses
Oil and gas operations		440			425			910			908
Real estate operations		415			387			825			783
Real Estate - Lease Expense		245			241			490			481
Corporate general and administrative		155			205			309			397
		1,255			1,258			2,534			2,569
Operating earnings (loss)		(252	)		(45	)		(642	)		(287	)
Other income (expense)
Interest income		-			1			-			2
Interest expense		(16	)		(22	)		(42	)		(53	)
Recovery of bad debt expense		386			-			1,124			-
Other income (expense)		(8	)		(33	)		(16	)		199
		362			(54	)		1066			148
Net income (loss) applicable to common shares	$	110		$	(99	)	$	424		$	(139	)
Net income (loss) per common share-basic and diluted	$	0.06		$	(0.05	)	$	0.22		$	(0.07	)
Weighted average common and equivalent shares outstanding - basic		1,947			1,947			1,947			1,947

NEW CONCEPT ENERGY, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(unaudited)
(amounts in thousands)
	June 30, 2015		December 31, 2014
Assets
Current assets
Cash and cash equivalents	$	437	$	300
Accounts receivable from oil and gas sales		137		216
Other current assets		362		182
Total current assets		936		698
Oil and natural gas properties (full cost accounting method)
Proved developed and undeveloped oil and gas properties, net of depletion		8,776		8,809
Property and equipment, net of depreciation
Land, buildings and equipment - oil and gas operations		845		1,476
Other		152		162
Total property and equipment		997		1,638
Other assets (including $124 due from related parties in 2014)		1,275		1,129
Total assets	$	11,984	$	12,274

NEW CONCEPT ENERGY, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS - CONTINUED
(unaudited)
(amounts in thousands, except share amounts)
	June 30, 2015			December 31, 2014
Liabilities and stockholders' equity
Current liabilities
Accounts payable (includes $494 due to related parties in 2014)	$	165		$	673
Accrued expenses		252			229
Current portion of long term debt		775			881
Total current liabilities		1,192			1,783
Long-term debt
Notes payable less current portion		1,305			1,428
Asset retirement obligation		2,770			2,770
Total liabilities		5,267			5,981
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 June 30, 2015 and December 31, 2014		20			20
Additional paid-in capital		58,838			58,838
Accumulated deficit		(52,142	)		(52,566	)
		6,717			6,293
Total liabilities & equity	$	11,984		$	12,274