New Concept Energy is a small holding company with two revenue streams. First, the company owns roughly 190 acres of land in Parkersburg, West Virginia, with about 53,000 square feet of structures, including an industrial/office building of which about 16,000 square feet is leased to tenants for roughly $103,000 per year. Second, after selling its oil and gas wells in 2020, the company entered a consulting agreement with the buyer, under which New Concept provides advisory, accounting, and management services in exchange for 10% of revenue from those wells. This advisory income fluctuates with production volumes and commodity prices, though New Concept no longer bears the operating or capital costs of the wells. The company employs only 2 people and contracts out most work. Beyond these two modest, passive revenue streams, the company has expressed an intention to acquire or establish new business operations, suggesting it views itself as a vehicle for future deals.