10-Q Filing

Contango ORE, Inc. CIK: 1502377 Q2 2012

Filing Information

Form Type	10-Q
Accession Number	`0001193125-12-041002`
Period End Date	20111231
Filing Date	20120206
Fiscal Year	2012
Fiscal Period	Q2
XBRL Instance	ctgo-20111231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 45 Income Statement 56 Cash Flow Statement 39 Stockholders Equity 14

Balance Sheet 45 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
Cash	`CashAndCashEquivalentsAtCarryingValue`	$3.50M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	30.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	30.00M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$2.40M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$128.65K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	1.57M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$78.16K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	1.60M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$105.68K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$234.32K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	1.57M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$2.47M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	1.60M	shares	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`	$75.00K	USD	Point-in-time
Other	`OtherAssetsMiscellaneousNoncurrent`	$225.00K	USD	Point-in-time
Total other assets	`OtherAssetsNoncurrent`	$225.00K	USD	Point-in-time
Total other assets	`OtherAssetsNoncurrent`	$75.00K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$3.56M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$1.47M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$72.54K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$488.36K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$75.68K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$156.41K	USD	Point-in-time
Note payable	`NotesPayableCurrent`	$400.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$644.76K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$548.22K	USD	Point-in-time
Common Stock, $0.01 par value, 30,000,000 shares authorized, 1,597,769 and 1,566,467 shares issued and outstanding at December 31, 2011 and June 30, 2011, respectively	`CommonStockValue`	$15.66K	USD	Point-in-time
Common Stock, $0.01 par value, 30,000,000 shares authorized, 1,597,769 and 1,566,467 shares issued and outstanding at December 31, 2011 and June 30, 2011, respectively	`CommonStockValue`	$15.98K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$7.00M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$6.85M	USD	Point-in-time
Accumulated deficit during exploration stage	`DevelopmentStageEnterpriseDeficitAccumulatedDuringDevelopmentStage`	$6.10M	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
SHAREHOLDERS' EQUITY	`StockholdersEquity`	$919.99K	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$3.56M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$1.47M	USD	Point-in-time

Income Statement 56 line items

Line Item	Tag	Value	Unit	Period
Delay rentals and minimum royalties	`DelayRentals`	$72.66K	USD	2 Qtrs
Delay rentals and minimum royalties	`DelayRentals`	$87.30K	USD	1 Quarter
Delay rentals and minimum royalties	`DelayRentals`	$34.14K	USD	1 Quarter
Delay rentals and minimum royalties	`DelayRentals`	$645.57K	USD	9 Qtrs
Delay rentals and minimum royalties	`DelayRentals`	$171.44K	USD	2 Qtrs
Exploration expenses	`ExplorationExpenseMining`	$198.59K	USD	1 Quarter
Exploration expenses	`ExplorationExpenseMining`	$928.50K	USD	2 Qtrs
Exploration expenses	`ExplorationExpenseMining`	$1.70M	USD	2 Qtrs
Exploration expenses	`ExplorationExpenseMining`	$4.85M	USD	9 Qtrs
Exploration expenses	`ExplorationExpenseMining`	$284.08K	USD	1 Quarter
Other operating expenses	`OtherCostAndExpenseOperating`	$128.35K	USD	9 Qtrs
Other operating expenses	`OtherCostAndExpenseOperating`	$10.70K	USD	2 Qtrs
Other operating expenses	`OtherCostAndExpenseOperating`	$28.91K	USD	1 Quarter
Other operating expenses	`OtherCostAndExpenseOperating`	$10.70K	USD	1 Quarter
Other operating expenses	`OtherCostAndExpenseOperating`	$82.36K	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensationExpense`	$115.98K	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensationExpense`	$179.66K	USD	9 Qtrs
Stock-based compensation expense	`ShareBasedCompensationExpense`	$38.45K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensationExpense`	$9.10K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensationExpense`	$9.10K	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$145.39K	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$25.51K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$65.76K	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$297.88K	USD	9 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$71.94K	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$492.48K	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$1.16M	USD	2 Qtrs
Total expenses	`CostsAndExpenses`	$296.24K	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$6.10M	USD	9 Qtrs
Total expenses	`CostsAndExpenses`	$2.14M	USD	2 Qtrs
NET LOSS	`ProfitLoss`	$-2.14M	USD	2 Qtrs
NET LOSS	`ProfitLoss`	$-6.10M	USD	9 Qtrs
NET LOSS	`ProfitLoss`	$-296.24K	USD	1 Quarter
NET LOSS	`ProfitLoss`	$-492.48K	USD	1 Quarter
NET LOSS	`ProfitLoss`	$-1.16M	USD	2 Qtrs
NET LOSS	`ProfitLoss`	$-1.65M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-0.74	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$-0.31	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-1.36	USD	2 Qtrs
Basic	`EarningsPerShareBasic`	$-3.89	USD	9 Qtrs
Basic	`EarningsPerShareBasic`	$-0.19	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-0.74	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$-3.89	USD	9 Qtrs
Diluted	`EarningsPerShareDiluted`	$-0.19	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-1.36	USD	2 Qtrs
Diluted	`EarningsPerShareDiluted`	$-0.31	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	1.57M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	1.57M	shares	9 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	1.57M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	1.58M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	1.57M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.57M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.57M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.57M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.58M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.57M	shares	9 Qtrs

Cash Flow Statement 39 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-2.14M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-6.10M	USD	9 Qtrs
Net loss	`ProfitLoss`	$-296.24K	USD	1 Quarter
Net loss	`ProfitLoss`	$-492.48K	USD	1 Quarter
Net loss	`ProfitLoss`	$-1.16M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-1.65M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$150.26K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$213.94K	USD	9 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$12.13K	USD	2 Qtrs
Decrease (increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$27.52K	USD	2 Qtrs
Decrease (increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-139.49K	USD	2 Qtrs
Decrease (increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$105.68K	USD	9 Qtrs
Increase (decrease) in accounts payable and other accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$148.22K	USD	9 Qtrs
Increase (decrease) in accounts payable and other accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-496.54K	USD	2 Qtrs
Increase (decrease) in accounts payable and other accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-443.83K	USD	2 Qtrs
Net cash used for operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-5.84M	USD	9 Qtrs
Net cash used for operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.45M	USD	2 Qtrs
Net cash used for operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.52M	USD	2 Qtrs
Acquisition of other assets	`PaymentsToAcquireRoyaltyInterestsInMiningProperties`	$150.00K	USD	2 Qtrs
Acquisition of other assets	`PaymentsToAcquireRoyaltyInterestsInMiningProperties`	$225.00K	USD	9 Qtrs
Acquisition of properties	`PaymentsToAcquireMineralRights`	$1.01M	USD	9 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.23M	USD	9 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-150.00K	USD	2 Qtrs
Shareholder's contributions	`ProceedsFromContributionsFromParent`	$4.95M	USD	2 Qtrs
Shareholder's contributions	`ProceedsFromContributionsFromParent`	$6.81M	USD	9 Qtrs
Short-term borrowings	`ProceedsFromRepaymentsOfShortTermDebt`	$400.00K	USD	2 Qtrs
Short-term borrowings	`ProceedsFromRepaymentsOfShortTermDebt`	$400.00K	USD	9 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$7.21M	USD	9 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$400.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$4.95M	USD	2 Qtrs
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$3.50M	USD	2 Qtrs
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.27M	USD	2 Qtrs
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$128.65K	USD	9 Qtrs
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$3.50M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$2.40M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$128.65K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$3.50M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$2.40M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$128.65K	USD	Point-in-time

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$2.91M	USD	Point-in-time
Balance	`StockholdersEquity`	$1.36M	USD	Point-in-time
Balance	`StockholdersEquity`	$919.99K	USD	Point-in-time
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$50.48K	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$99.78K	USD	1 Quarter
Net loss for the period	`ProfitLoss`	$-2.14M	USD	2 Qtrs
Net loss for the period	`ProfitLoss`	$-6.10M	USD	9 Qtrs
Net loss for the period	`ProfitLoss`	$-296.24K	USD	1 Quarter
Net loss for the period	`ProfitLoss`	$-492.48K	USD	1 Quarter
Net loss for the period	`ProfitLoss`	$-1.16M	USD	2 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
Balance	`StockholdersEquity`	$919.99K	USD	Point-in-time

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