Is New Concept Energy, Inc. (GBR) a Buy, Sell, or Hold?
AMEX : GBR
New Concept Energy, Inc.
$0.63 USD
-$0.03 (-3.89%)
- Volume
- 3.2K
- Average Volume
- 339.19K
- Market Capitalization
- $3.23M
- P/E Ratio
- -83.41
- Dividend Yield
- 0.00%
- Price Target
- Year High
- $1.31
- Year Low
- $0.65
- Day High
- —
- Day Low
- —
- Payout Ratio
- $0.00
- Current Ratio
- $5.94
GBR Financial
| date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| revenue | 155K | 146K | 152K | 212K | 101K | 101K | 98000 | 682K | 791K | 764K |
| costOfRevenue | - | - | - | - | - | - | 61000 | 844K | 1.03M | 1.18M |
| grossProfit | 155K | 146K | 152K | 212K | 101K | 101K | 37000 | -162K | -236K | -417K |
| researchAndDevelopmentExpenses | - | - | - | - | - | - | - | - | - | - |
| generalAndAdministrativeExpenses | 364K | 335K | 338K | 317K | 360K | 396K | - | 353K | 408K | 352K |
| sellingAndMarketingExpenses | - | - | - | - | - | - | - | - | - | - |
| sellingGeneralAndAdministrativeExpenses | 364K | 335K | 338K | 317K | 360K | 396K | 418K | 353K | 408K | 352K |
| otherExpenses | 56000 | 48000 | 57000 | 57000 | 77000 | 72000 | - | - | - | - |
| operatingExpenses | 420K | 383K | 395K | 374K | 437K | 468K | 418K | 353K | 408K | 352K |
| costAndExpenses | 420K | 383K | 395K | 374K | 437K | 468K | 479K | 1.2M | 1.44M | 1.53M |
| netInterestIncome | 169K | 213K | 222K | 212K | 215K | 246K | 242K | 19000 | 1000 | -15000 |
| interestIncome | 169K | 213K | 222K | 212K | 220K | 258K | 257K | 37000 | 25000 | 23000 |
| interestExpense | - | - | - | - | 5000 | 12000 | 15000 | 18000 | 24000 | 38000 |
| depreciationAndAmortization | 14000 | 13000 | 13000 | 12000 | 13000 | 12000 | 18000 | 247K | 314K | 494K |
| ebitda | -32000 | -5000 | -8000 | 193K | 88000 | -12000 | 93000 | -219K | -2.9M | 576K |
| ebit | -46000 | -18000 | -21000 | 181K | 75000 | -24000 | 75000 | -247K | -3.22M | 82000 |
| nonOperatingIncomeExcludingInterest | -219K | -219K | -222K | -343K | -411K | -343K | -456K | -268K | -53000 | -851K |
| operatingIncome | -265K | -237K | -243K | -162K | -336K | -367K | -381K | -515K | -3.27M | -769K |
| totalOtherIncomeExpensesNet | 219K | 219K | 222K | 343K | 406K | 315K | 441K | 31000 | 29000 | 813K |
| incomeBeforeTax | -46000 | -18000 | -21000 | 181K | 70000 | -52000 | 60000 | -484K | -3.24M | 44000 |
| incomeTaxExpense | - | - | - | - | - | - | - | 49000 | - | - |
| netIncomeFromContinuingOperations | -46000 | -18000 | -21000 | 181K | 70000 | -52000 | 60000 | -265K | -3.24M | 44000 |
| netIncomeFromDiscontinuedOperations | - | - | - | - | - | 1.97M | -2.41M | - | - | 4000 |
| otherAdjustmentsToNetIncome | - | - | - | - | - | - | - | -219K | -5000 | - |
| netIncome | -46000 | -18000 | -21000 | 181K | 70000 | 1.92M | -2.35M | -484K | -3.25M | 48000 |
| netIncomeDeductions | - | - | - | - | - | - | - | - | -5000 | - |
| bottomLineNetIncome | -46000 | -18000 | -21000 | 181K | 70000 | 1.92M | -2.35M | -484K | -3.24M | 48000 |
| eps | -0.01 | -0.0 | -0.0 | 0.1 | -0.02 | -0.04 | -0.48 | -0.09 | -1.59 | 0.02 |
| date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| cashAndCashEquivalents | 383K | 363K | 447K | 436K | 252K | 27000 | 22000 | 361K | 419K | 113K |
| shortTermInvestments | - | - | - | - | - | - | - | - | - | - |
| cashAndShortTermInvestments | 383K | 363K | 447K | 436K | 252K | 27000 | 22000 | 361K | 419K | 113K |
| netReceivables | - | - | - | 3.54M | 3.56M | 3.68M | 4.05M | 4.14M | 103K | 325K |
| accountsReceivables | - | - | - | 3.54M | 3.56M | 3.68M | 4.05M | 4.14M | 103K | 119K |
| otherReceivables | - | - | - | - | - | - | - | - | - | - |
| inventory | - | - | - | - | - | - | - | - | - | - |
| prepaids | - | - | - | - | - | - | - | - | - | - |
| otherCurrentAssets | 13000 | 9000 | 12000 | -3.51M | - | 92000 | - | - | - | - |
| totalCurrentAssets | 396K | 372K | 459K | 466K | 3.81M | 3.8M | 4.07M | 4.5M | 522K | 438K |
| propertyPlantEquipmentNet | 622K | 636K | 629K | 631K | 643K | 656K | 668K | 3.14M | 3.38M | 6.31M |
| goodwill | - | - | - | - | - | - | - | - | - | - |
| intangibleAssets | - | - | - | - | - | - | - | - | - | - |
| goodwillAndIntangibleAssets | - | - | - | - | - | - | - | - | - | - |
| longTermInvestments | - | 3.59M | 3.54M | - | - | 153K | 214K | 251K | 301K | - |
| taxAssets | - | - | - | - | - | - | - | - | - | - |
| otherNonCurrentAssets | 3.54M | - | - | 3.54M | - | - | 840K | - | - | 426K |
| totalNonCurrentAssets | 4.16M | 4.22M | 4.17M | 4.17M | 643K | 809K | 1.72M | 3.39M | 3.68M | 6.74M |
| otherAssets | - | - | - | - | - | - | - | - | - | - |
| totalAssets | 4.56M | 4.59M | 4.63M | 4.64M | 4.46M | 4.61M | 5.79M | 7.88M | 4.2M | 7.18M |
| totalPayables | 26000 | 20000 | 36000 | 23000 | 28000 | 80000 | 226K | 59000 | 446K | 238K |
| accountPayables | 26000 | 20000 | 36000 | 23000 | 28000 | 80000 | 226K | 59000 | 446K | 238K |
| otherPayables | - | - | - | - | - | - | - | - | - | - |
| accruedExpenses | 43000 | - | - | 40000 | 32000 | 32000 | - | 32000 | 29000 | 59000 |
| shortTermDebt | - | - | - | - | - | 52000 | 44000 | 59000 | 81000 | 96000 |
| capitalLeaseObligationsCurrent | - | - | - | - | - | - | - | - | - | - |
| taxPayables | - | - | - | - | - | - | - | - | - | - |
| deferredRevenue | - | - | - | - | - | - | - | - | - | - |
| otherCurrentLiabilities | - | 37000 | 39000 | - | - | - | 20000 | - | - | - |
| totalCurrentLiabilities | 69000 | 57000 | 75000 | 63000 | 60000 | 164K | 290K | 150K | 556K | 393K |
| longTermDebt | - | - | - | - | - | 122K | 177K | 201K | 243K | 296K |
| capitalLeaseObligationsNonCurrent | - | - | - | - | - | - | - | - | - | - |
| deferredRevenueNonCurrent | - | - | - | - | - | - | - | - | - | - |
| deferredTaxLiabilitiesNonCurrent | - | - | - | - | - | - | - | - | - | - |
| otherNonCurrentLiabilities | - | - | - | - | - | - | 2.91M | 2.77M | 2.77M | 2.77M |
| totalNonCurrentLiabilities | - | - | - | - | - | 122K | 3.09M | 2.97M | 3.01M | 3.07M |
| otherLiabilities | - | - | - | - | - | - | - | - | - | - |
| capitalLeaseObligations | - | - | - | - | - | - | - | - | - | - |
| totalLiabilities | 69000 | 57000 | 75000 | 63000 | 60000 | 286K | 3.38M | 3.12M | 3.57M | 3.46M |
| treasuryStock | - | - | - | - | - | - | - | - | - | - |
| preferredStock | 1000 | 1000 | 1000 | 1000 | 1000 | 1000 | 1000 | 1000 | 1000 | 1000 |
| commonStock | 51000 | 51000 | 51000 | 51000 | 51000 | 51000 | 51000 | 51000 | 21000 | 20000 |
| retainedEarnings | -59.14M | -59.09M | -59.08M | -59.06M | -59.24M | -59.31M | -61.22M | -58.87M | -58.39M | -55.14M |
| additionalPaidInCapital | 63.58M | 63.58M | 63.58M | 63.58M | 63.58M | 63.58M | 63.58M | 63.58M | 59M | 58.84M |
| date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| netIncome | -46000 | -18000 | -21000 | 181K | 70000 | 1.92M | -2.35M | -484K | -3.25M | 48000 |
| depreciationAndAmortization | 14000 | 13000 | 13000 | 12000 | 13000 | 12000 | 18000 | 253K | 396K | 664K |
| deferredIncomeTax | - | - | - | - | - | - | - | - | - | - |
| stockBasedCompensation | - | - | - | - | - | - | - | - | - | - |
| changeInWorkingCapital | 52000 | -59000 | 18000 | -9000 | 40000 | -325K | -190K | -406K | 401K | -88000 |
| accountsReceivables | - | - | - | - | - | - | - | - | - | - |
| inventory | - | - | - | - | - | - | - | - | - | - |
| accountsPayables | 12000 | -62000 | 12000 | 3000 | -52000 | -128K | -232K | -384K | 178K | -95000 |
| otherWorkingCapital | 40000 | 3000 | 6000 | -12000 | 92000 | -197K | 42000 | -22000 | 223K | 7000 |
| otherNonCashItems | - | - | 12000 | - | - | -2.14M | 2.28M | 884K | 2.65M | -938K |
| netCashProvidedByOperatingActivities | 20000 | -64000 | 22000 | 184K | 123K | -535K | -239K | -637K | 202K | -314K |
| investmentsInPropertyPlantAndEquipment | - | -20000 | -11000 | - | - | - | -68000 | - | -10000 | -52000 |
| acquisitionsNet | - | - | - | - | - | 85000 | - | - | - | 700K |
| purchasesOfInvestments | - | - | - | - | - | - | - | - | - | - |
| salesMaturitiesOfInvestments | - | - | - | - | - | - | - | - | - | - |
| otherInvestingActivities | - | - | - | - | 276K | 508K | 12000 | -3.96M | 24000 | 738K |
| netCashProvidedByInvestingActivities | - | -20000 | -11000 | - | 276K | 593K | -56000 | -3.96M | 14000 | 686K |
| netDebtIssuance | - | - | - | - | -174K | -53000 | -44000 | -70000 | -73000 | -732K |
| longTermNetDebtIssuance | - | - | - | - | -174K | -53000 | -44000 | -70000 | -73000 | -732K |
| shortTermNetDebtIssuance | - | - | - | - | - | - | - | - | - | - |
| netStockIssuance | - | - | - | - | - | - | - | 4.61M | 163K | - |
| netCommonStockIssuance | - | - | - | - | - | - | - | 4.61M | 163K | - |
| commonStockIssuance | - | - | - | - | - | - | - | 4.61M | 163K | - |
| commonStockRepurchased | - | - | - | - | - | - | - | - | - | - |
| netPreferredStockIssuance | - | - | - | - | - | - | - | - | - | - |
| netDividendsPaid | - | - | - | - | - | - | - | - | - | - |
| commonDividendsPaid | - | - | - | - | - | - | - | - | - | - |
| preferredDividendsPaid | - | - | - | - | - | - | - | - | - | - |
| otherFinancingActivities | - | - | - | - | - | - | - | - | - | - |
| netCashProvidedByFinancingActivities | - | - | - | - | -174K | -53000 | -44000 | 4.54M | 90000 | -732K |
| date | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| revenue | 39000 | 38000 | 39000 | 40000 | 38000 | 36000 | 37000 | 37000 | 36000 | 37000 |
| costOfRevenue | 13000 | - | 14000 | - | - | - | - | - | 13000 | 16000 |
| grossProfit | 26000 | 38000 | 25000 | 40000 | 38000 | 36000 | 37000 | 37000 | 23000 | 21000 |
| researchAndDevelopmentExpenses | - | - | - | - | - | - | - | - | - | - |
| generalAndAdministrativeExpenses | 77000 | 102K | 88000 | 85000 | 89000 | 100000 | 79000 | 78000 | 78000 | 119K |
| sellingAndMarketingExpenses | - | - | - | - | - | - | - | - | - | - |
| sellingGeneralAndAdministrativeExpenses | 77000 | 102K | 88000 | 85000 | 89000 | 100000 | 79000 | 78000 | 78000 | 119K |
| otherExpenses | - | 15000 | - | 15000 | 12000 | 9000 | 14000 | 12000 | - | - |
| operatingExpenses | 77000 | 117K | 88000 | 100000 | 101K | 109K | 93000 | 90000 | 78000 | 119K |
| costAndExpenses | 90000 | 117K | 102K | 100000 | 101K | 109K | 93000 | 90000 | 91000 | 135K |
| netInterestIncome | 37000 | 41000 | 43000 | 42000 | 43000 | 48000 | 52000 | 56000 | 57000 | 59000 |
| interestIncome | 37000 | 41000 | 43000 | 42000 | 43000 | 48000 | 52000 | 56000 | 57000 | 59000 |
| interestExpense | - | - | - | - | - | - | - | - | - | - |
| depreciationAndAmortization | 3000 | 4000 | 3000 | 4000 | 3000 | 3000 | 3000 | 4000 | 3000 | 3000 |
| ebitda | -11000 | 16000 | -17000 | -14000 | -17000 | -16000 | -1000 | 7000 | 5000 | -36000 |
| ebit | -14000 | 12000 | -20000 | -18000 | -20000 | -19000 | -4000 | 3000 | 2000 | -39000 |
| nonOperatingIncomeExcludingInterest | -37000 | -91000 | -43000 | -42000 | -43000 | -54000 | -52000 | -56000 | -57000 | -59000 |
| operatingIncome | -51000 | -79000 | -63000 | -60000 | -63000 | -73000 | -56000 | -53000 | -55000 | -98000 |
| totalOtherIncomeExpensesNet | 37000 | 91000 | 43000 | 42000 | 43000 | 54000 | 52000 | 56000 | 57000 | 59000 |
| incomeBeforeTax | -14000 | 12000 | -20000 | -18000 | -20000 | -19000 | -4000 | 3000 | 2000 | -39000 |
| incomeTaxExpense | - | - | - | - | - | - | - | - | - | - |
| netIncomeFromContinuingOperations | -14000 | 12000 | -20000 | -18000 | -20000 | -19000 | -4000 | 3000 | 2000 | -39000 |
| netIncomeFromDiscontinuedOperations | - | - | - | - | - | - | - | - | - | - |
| otherAdjustmentsToNetIncome | - | - | - | - | - | - | - | - | - | - |
| netIncome | -14000 | 12000 | -20000 | -18000 | -20000 | -19000 | -4000 | 3000 | 2000 | -39000 |
| netIncomeDeductions | - | - | - | - | - | - | - | - | - | - |
| bottomLineNetIncome | -14000 | 12000 | -20000 | -18000 | -20000 | -19000 | -4000 | 3000 | 2000 | -39000 |
| eps | -0.0 | 0.0 | -0.0 | -0.0 | -0.0 | -0.0 | -0.0 | 0.0 | 0.01 | -0.01 |
| date | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| cashAndCashEquivalents | 318K | 383K | 307K | 356K | 333K | 363K | 430K | 416K | 395K | 447K |
| shortTermInvestments | - | - | - | - | - | - | - | - | - | - |
| cashAndShortTermInvestments | 318K | 383K | 307K | 356K | 333K | 363K | 430K | 416K | 395K | 447K |
| netReceivables | - | - | - | - | - | - | - | - | - | - |
| accountsReceivables | - | - | - | - | - | - | - | - | - | - |
| otherReceivables | - | - | - | - | - | - | - | - | - | - |
| inventory | - | - | - | - | - | - | - | - | - | - |
| prepaids | - | - | - | - | - | - | - | - | - | - |
| otherCurrentAssets | 62000 | 13000 | 27000 | 47000 | 57000 | 9000 | 26000 | 40000 | 61000 | 12000 |
| totalCurrentAssets | 380K | 396K | 334K | 403K | 390K | 372K | 456K | 456K | 456K | 459K |
| propertyPlantEquipmentNet | 619K | 622K | 626K | 629K | 633K | 636K | 619K | 622K | 626K | 629K |
| goodwill | - | - | - | - | - | - | - | - | - | - |
| intangibleAssets | - | - | - | - | - | - | - | - | - | - |
| goodwillAndIntangibleAssets | - | - | - | - | - | - | - | - | - | - |
| longTermInvestments | 3.54M | - | 3.58M | 3.54M | 3.54M | 3.59M | 3.54M | 3.54M | 3.54M | 3.54M |
| taxAssets | - | - | - | - | - | - | - | - | - | - |
| otherNonCurrentAssets | - | 3.54M | - | - | - | - | - | - | - | - |
| totalNonCurrentAssets | 4.16M | 4.16M | 4.21M | 4.17M | 4.18M | 4.22M | 4.16M | 4.16M | 4.17M | 4.17M |
| otherAssets | - | - | - | - | - | - | - | - | - | - |
| totalAssets | 4.54M | 4.56M | 4.54M | 4.57M | 4.56M | 4.59M | 4.62M | 4.62M | 4.62M | 4.63M |
| totalPayables | 25000 | 26000 | 27000 | 27000 | 20000 | 20000 | 22000 | 21000 | 25000 | 36000 |
| accountPayables | 25000 | 26000 | 27000 | 27000 | 20000 | 20000 | 22000 | 21000 | 25000 | 36000 |
| otherPayables | - | - | - | - | - | - | - | - | - | - |
| accruedExpenses | - | - | - | - | - | - | - | - | 42000 | - |
| shortTermDebt | - | - | - | - | - | - | - | - | - | - |
| capitalLeaseObligationsCurrent | - | - | - | - | - | - | - | - | - | - |
| taxPayables | - | - | - | - | - | - | - | - | - | - |
| deferredRevenue | - | - | - | - | - | - | - | - | - | - |
| otherCurrentLiabilities | 39000 | 43000 | 36000 | 48000 | 28000 | 37000 | 39000 | 39000 | - | 39000 |
| totalCurrentLiabilities | 64000 | 69000 | 63000 | 75000 | 48000 | 57000 | 61000 | 60000 | 67000 | 75000 |
| longTermDebt | - | - | - | - | - | - | - | - | - | - |
| capitalLeaseObligationsNonCurrent | - | - | - | - | - | - | - | - | - | - |
| deferredRevenueNonCurrent | - | - | - | - | - | - | - | - | - | - |
| deferredTaxLiabilitiesNonCurrent | - | - | - | - | - | - | - | - | - | - |
| otherNonCurrentLiabilities | - | - | - | - | - | - | - | - | - | - |
| totalNonCurrentLiabilities | - | - | - | - | - | - | - | - | - | - |
| otherLiabilities | - | - | - | - | - | - | - | - | - | - |
| capitalLeaseObligations | - | - | - | - | - | - | - | - | - | - |
| totalLiabilities | 64000 | 69000 | 63000 | 75000 | 48000 | 57000 | 61000 | 60000 | 67000 | 75000 |
| treasuryStock | - | - | - | - | - | - | - | - | - | - |
| preferredStock | 1000 | 1000 | 1000 | 1000 | 1000 | 1000 | 1000 | 1000 | 1000 | 1000 |
| commonStock | 51000 | 51000 | 51000 | 51000 | 51000 | 51000 | 51000 | 51000 | 51000 | 51000 |
| retainedEarnings | -59.15M | -59.14M | -59.15M | -59.13M | -59.11M | -59.09M | -59.08M | -59.07M | -59.07M | -59.08M |
| additionalPaidInCapital | 63.58M | 63.58M | 63.58M | 63.58M | 63.58M | 63.58M | 63.58M | 63.58M | 63.58M | 63.58M |
| date | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| netIncome | -14000 | 12000 | -20000 | -18000 | -20000 | -19000 | -4000 | 3000 | 2000 | -39000 |
| depreciationAndAmortization | 3000 | 4000 | 3000 | 4000 | 3000 | - | 3000 | 4000 | 3000 | 3000 |
| deferredIncomeTax | - | - | - | - | - | - | - | - | - | - |
| stockBasedCompensation | - | - | - | - | - | - | - | - | - | - |
| changeInWorkingCapital | -54000 | 60000 | -32000 | -7000 | -13000 | -31000 | 15000 | 14000 | -57000 | 12000 |
| accountsReceivables | - | - | - | - | - | - | - | - | - | - |
| inventory | - | - | - | - | - | - | - | - | - | - |
| accountsPayables | -5000 | 6000 | -12000 | 27000 | -9000 | -48000 | 1000 | -7000 | -8000 | - |
| otherWorkingCapital | -49000 | 54000 | -20000 | -34000 | -4000 | 17000 | 14000 | 21000 | -49000 | 12000 |
| otherNonCashItems | - | - | - | 44000 | - | 3000 | - | - | - | 11000 |
| netCashProvidedByOperatingActivities | -65000 | 76000 | -49000 | 23000 | -30000 | -47000 | 14000 | 21000 | -52000 | -13000 |
| investmentsInPropertyPlantAndEquipment | - | - | - | - | - | -20000 | - | - | - | -11000 |
| acquisitionsNet | - | - | - | - | - | - | - | - | - | - |
| purchasesOfInvestments | - | - | - | - | - | - | - | - | - | - |
| salesMaturitiesOfInvestments | - | - | - | - | - | - | - | - | - | - |
| otherInvestingActivities | - | - | - | - | - | - | - | - | - | 11000 |
| netCashProvidedByInvestingActivities | - | - | - | - | - | -20000 | - | - | - | - |
| netDebtIssuance | - | - | - | - | - | - | - | - | - | - |
| longTermNetDebtIssuance | - | - | - | - | - | - | - | - | - | - |
| shortTermNetDebtIssuance | - | - | - | - | - | - | - | - | - | - |
| netStockIssuance | - | - | - | - | - | - | - | - | - | - |
| netCommonStockIssuance | - | - | - | - | - | - | - | - | - | - |
| commonStockIssuance | - | - | - | - | - | - | - | - | - | - |
| commonStockRepurchased | - | - | - | - | - | - | - | - | - | - |
| netPreferredStockIssuance | - | - | - | - | - | - | - | - | - | - |
| netDividendsPaid | - | - | - | - | - | - | - | - | - | - |
| commonDividendsPaid | - | - | - | - | - | - | - | - | - | - |
| preferredDividendsPaid | - | - | - | - | - | - | - | - | - | - |
| otherFinancingActivities | - | - | - | - | - | - | - | - | - | - |
| netCashProvidedByFinancingActivities | - | - | - | - | - | - | - | - | - | - |