10-Q Filing

Contango ORE, Inc. CIK: 1502377 Q1 2012

Filing Information

Form Type	10-Q
Accession Number	`0001193125-11-311364`
Period End Date	20110930
Filing Date	20111114
Fiscal Year	2012
Fiscal Period	Q1
XBRL Instance	ctgo-20110930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 43 Income Statement 31 Cash Flow Statement 32 Stockholders Equity 8

Balance Sheet 43 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	30.00M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.10M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$100.00	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	30.00M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$2.40M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$149.60K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$78.16K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	1.57M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	1.57M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	1.57M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	1.57M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$1.25M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.47M	USD	Point-in-time
Mineral properties	`MineralPropertiesGross`	$1.01M	USD	Point-in-time
Mineral properties	`MineralPropertiesGross`	$1.01M	USD	Point-in-time
Accumulated depreciation, depletion and amortization	`MineralPropertiesAccumulatedDepletion`	-	USD	Point-in-time
Accumulated depreciation, depletion and amortization	`MineralPropertiesAccumulatedDepletion`	-	USD	Point-in-time
Total property, plant and equipment, net	`MineralPropertiesNet`	$1.01M	USD	Point-in-time
Total property, plant and equipment, net	`MineralPropertiesNet`	$1.01M	USD	Point-in-time
Other	`OtherAssetsMiscellaneousNoncurrent`	$225.00K	USD	Point-in-time
Other	`OtherAssetsMiscellaneousNoncurrent`	$75.00K	USD	Point-in-time
Total other assets	`OtherAssetsNoncurrent`	$75.00K	USD	Point-in-time
Total other assets	`OtherAssetsNoncurrent`	$225.00K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$3.56M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$2.49M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.08M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$488.36K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$41.90K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$156.41K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$644.76K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.12M	USD	Point-in-time
Common Stock, $0.01 par value, 30,000,000 shares authorized, 1,566,467 shares issued and outstanding at September 30, 2011 and June 30, 2011, respectively	`CommonStockValue`	$15.66K	USD	Point-in-time
Common Stock, $0.01 par value, 30,000,000 shares authorized, 1,566,467 shares issued and outstanding at September 30, 2011 and June 30, 2011, respectively	`CommonStockValue`	$15.66K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$6.95M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$6.85M	USD	Point-in-time
Accumulated deficit during exploration stage	`DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage`	$5.61M	USD	Point-in-time
Accumulated deficit during exploration stage	`DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage`	$3.96M	USD	Point-in-time
SHAREHOLDERS' EQUITY	`StockholdersEquity`	$2.91M	USD	Point-in-time
SHAREHOLDERS' EQUITY	`StockholdersEquity`	$1.36M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$3.56M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$2.49M	USD	Point-in-time

Income Statement 31 line items

Line Item	Tag	Value	Unit	Period
Delay rentals and minimum royalties	`DelayRentals`	$38.52K	USD	1 Quarter
Delay rentals and minimum royalties	`DelayRentals`	$558.27K	USD	8 Qtrs
Delay rentals and minimum royalties	`DelayRentals`	$84.14K	USD	1 Quarter
Exploration expenses	`ExplorationExpenseMining`	$1.42M	USD	1 Quarter
Exploration expenses	`ExplorationExpenseMining`	$729.90K	USD	1 Quarter
Exploration expenses	`ExplorationExpenseMining`	$4.56M	USD	8 Qtrs
Other operating expenses	`OtherCostAndExpenseOperating`	$117.65K	USD	8 Qtrs
Other operating expenses	`OtherCostAndExpenseOperating`	$53.45K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensationExpense`	$141.20K	USD	8 Qtrs
Stock-based compensation expense	`ShareBasedCompensationExpense`	$77.52K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$73.45K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$225.94K	USD	8 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$40.25K	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$862.13K	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$1.65M	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$5.61M	USD	8 Qtrs
NET LOSS	`ProfitLoss`	$-862.13K	USD	1 Quarter
NET LOSS	`ProfitLoss`	$-5.61M	USD	8 Qtrs
NET LOSS	`ProfitLoss`	$-1.65M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-0.55	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-1.05	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-3.58	USD	8 Qtrs
Diluted	`EarningsPerShareDiluted`	$-1.05	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-0.55	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-3.58	USD	8 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	1.57M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	1.57M	shares	8 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	1.57M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.57M	shares	8 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.57M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.57M	shares	1 Quarter

Cash Flow Statement 32 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-862.13K	USD	1 Quarter
Net loss	`ProfitLoss`	$-5.61M	USD	8 Qtrs
Net loss	`ProfitLoss`	$-1.65M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$99.78K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$163.46K	USD	8 Qtrs
Decrease (increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-163.09K	USD	1 Quarter
Decrease (increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$149.60K	USD	8 Qtrs
Decrease (increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$71.44K	USD	1 Quarter
Increase (decrease) in accounts payable and other accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.12M	USD	8 Qtrs
Increase (decrease) in accounts payable and other accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$478.40K	USD	1 Quarter
Increase (decrease) in accounts payable and other accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-448.35K	USD	1 Quarter
Net cash used for operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.15M	USD	1 Quarter
Net cash used for operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-4.47M	USD	8 Qtrs
Net cash used for operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.14M	USD	1 Quarter
Acquisition of other assets	`PaymentsToAcquireRoyaltyInterestsInMiningProperties`	$225.00K	USD	8 Qtrs
Acquisition of other assets	`PaymentsToAcquireRoyaltyInterestsInMiningProperties`	$150.00K	USD	1 Quarter
Acquisition of properties	`PaymentsToAcquireMineralRights`	$1.01M	USD	8 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-150.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.23M	USD	8 Qtrs
Shareholder's contributions	`ProceedsFromContributionsFromParent`	$1.15M	USD	1 Quarter
Shareholder's contributions	`ProceedsFromContributionsFromParent`	$6.81M	USD	8 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$6.81M	USD	8 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.15M	USD	1 Quarter
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.29M	USD	1 Quarter
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.10M	USD	8 Qtrs
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$100.00	USD	1 Quarter
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$1.10M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$100.00	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$2.40M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$1.10M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$100.00	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$2.40M	USD	Point-in-time

Stockholders Equity 8 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$2.91M	USD	Point-in-time
Balance	`StockholdersEquity`	$1.36M	USD	Point-in-time
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$99.78K	USD	1 Quarter
Net loss for the period	`ProfitLoss`	$-862.13K	USD	1 Quarter
Net loss for the period	`ProfitLoss`	$-5.61M	USD	8 Qtrs
Net loss for the period	`ProfitLoss`	$-1.65M	USD	1 Quarter
Balance	`StockholdersEquity`	$2.91M	USD	Point-in-time
Balance	`StockholdersEquity`	$1.36M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.