This is a the b-side to a rare 7″ released by 360 Degrees Records in Ohio in 1974.

The track was included in a compilation reviewed by The Queitus:

Penultimate track ‘My Bleeding Wound’ by The New Year (1974) is melancholic yet valedictorian, a triumph of echo that broadcasts a lonely, futile search for “ecstasy, ecstasy, ecstasy,” as the singer has it. The largely anonymous creators of these songs may have been outsiders by proxy, if not by wish. What rings loudest now is not each artist’s power as a singular entity, but their subsequent collective power as an invisible republic exposed.

[Source]

[via Henrik Queitsch]