10-Q Filing

Contango ORE, Inc. CIK: 1502377 Q2 2017

Filing Information

Form Type	10-Q
Accession Number	`0001437749-17-001459`
Period End Date	20161231
Filing Date	20170201
Fiscal Year	2017
Fiscal Period	Q2
XBRL Instance	ctgo-20161231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 45 Income Statement 24 Cash Flow Statement 28 Stockholders Equity 14

Balance Sheet 45 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	30.00M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.45M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.95M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.25M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$5.79M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	30.00M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	3.96M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	4.91M	shares	Point-in-time
Prepaid expenses and other	`PrepaidExpenseCurrent`	$120.08K	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseCurrent`	$58.16K	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	4.90M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	3.96M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$1.31M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$5.91M	USD	Point-in-time
Treasury shares, number (in shares)	`TreasuryStockShares`	0.00	shares	Point-in-time
Treasury shares, number (in shares)	`TreasuryStockShares`	7,185.00	shares	Point-in-time
Investment in Peak Gold, LLC (Note 4)	`EquityMethodInvestments`	-	USD	Point-in-time
Investment in Peak Gold, LLC (Note 4)	`EquityMethodInvestments`	-	USD	Point-in-time
Total other assets	`OtherAssetsNoncurrent`	-	USD	Point-in-time
Total other assets	`OtherAssetsNoncurrent`	-	USD	Point-in-time
TOTAL ASSETS	`Assets`	$1.31M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$5.91M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$20.85K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$40.14K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$92.88K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$145.28K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$113.74K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$185.42K	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES (NOTE 12)	`CommitmentsAndContingencies`	-	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES (NOTE 12)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common Stock, $0.01 par value, 30,000,000 shares authorized; 4,910,951 shares issued and 4,903,766 outstanding at December 31, 2016; 3,958,540 shares issued and outstanding at June 30, 2016	`CommonStockValue`	$49.11K	USD	Point-in-time
Common Stock, $0.01 par value, 30,000,000 shares authorized; 4,910,951 shares issued and 4,903,766 outstanding at December 31, 2016; 3,958,540 shares issued and outstanding at June 30, 2016	`CommonStockValue`	$39.59K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$39.67M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$33.43M	USD	Point-in-time
Treasury shares at cost (7,185 shares at December 31, 2016; and 0 at June 30, 2016)	`TreasuryStockValue`	-	USD	Point-in-time
Treasury shares at cost (7,185 shares at December 31, 2016; and 0 at June 30, 2016)	`TreasuryStockValue`	$171.16K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-32.28M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-33.82M	USD	Point-in-time
SHAREHOLDERS EQUITY	`StockholdersEquity`	$5.73M	USD	Point-in-time
SHAREHOLDERS EQUITY	`StockholdersEquity`	$1.20M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$5.91M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$1.31M	USD	Point-in-time

Income Statement 24 line items

Line Item	Tag	Value	Unit	Period
Claim rentals and minimum royalties	`CarryingCostsPropertyAndExplorationRights`	-	USD	1 Quarter
Claim rentals and minimum royalties	`CarryingCostsPropertyAndExplorationRights`	-	USD	1 Quarter
Claim rentals and minimum royalties	`CarryingCostsPropertyAndExplorationRights`	-	USD	2 Qtrs
Claim rentals and minimum royalties	`CarryingCostsPropertyAndExplorationRights`	$14.43K	USD	2 Qtrs
General and administrative expense	`GeneralAndAdministrativeExpense`	$1.55M	USD	2 Qtrs
General and administrative expense	`GeneralAndAdministrativeExpense`	$592.14K	USD	1 Quarter
General and administrative expense	`GeneralAndAdministrativeExpense`	$754.23K	USD	2 Qtrs
General and administrative expense	`GeneralAndAdministrativeExpense`	$318.16K	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$318.16K	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$1.55M	USD	2 Qtrs
Total expenses	`CostsAndExpenses`	$768.65K	USD	2 Qtrs
Total expenses	`CostsAndExpenses`	$592.14K	USD	1 Quarter
Loss from equity investment in Peak Gold, LLC (Note 4)	`IncomeLossFromEquityMethodInvestments`	-	USD	2 Qtrs
Loss from equity investment in Peak Gold, LLC (Note 4)	`IncomeLossFromEquityMethodInvestments`	-	USD	1 Quarter
Loss from equity investment in Peak Gold, LLC (Note 4)	`IncomeLossFromEquityMethodInvestments`	-	USD	1 Quarter
Loss from equity investment in Peak Gold, LLC (Note 4)	`IncomeLossFromEquityMethodInvestments`	-	USD	2 Qtrs
NET LOSS	`NetIncomeLoss`	$-318.16K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-592.14K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-768.65K	USD	2 Qtrs
NET LOSS	`NetIncomeLoss`	$-1.55M	USD	2 Qtrs
Basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	4.32M	shares	2 Qtrs
Basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	3.89M	shares	2 Qtrs
Basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	4.64M	shares	1 Quarter
Basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	3.92M	shares	1 Quarter

Cash Flow Statement 28 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-318.16K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-592.14K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-768.65K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-1.55M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$367.22K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$959.65K	USD	2 Qtrs
Increase in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$61.92K	USD	2 Qtrs
Increase in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$43.95K	USD	2 Qtrs
Increase/(decrease) in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-53.91K	USD	2 Qtrs
Increase/(decrease) in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$71.68K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-578.38K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-499.29K	USD	2 Qtrs
Cash paid for shares withheld from employees for payroll tax withholding	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$171.16K	USD	2 Qtrs
Cash paid for shares withheld from employees for payroll tax withholding	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	-	USD	2 Qtrs
Cash from warrant exercises	`ProceedsFromWarrantExercises`	$5.29M	USD	2 Qtrs
Cash from warrant exercises	`ProceedsFromWarrantExercises`	-	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	-	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$5.12M	USD	2 Qtrs
NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$4.54M	USD	2 Qtrs
NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-499.29K	USD	2 Qtrs
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$1.45M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$1.95M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$1.25M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$5.79M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$1.45M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$1.95M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$1.25M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$5.79M	USD	Point-in-time

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Balance (in shares)	`CommonStockSharesOutstanding`	4.90M	shares	Point-in-time
Balance (in shares)	`CommonStockSharesOutstanding`	3.96M	shares	Point-in-time
Balance	`StockholdersEquity`	$5.73M	USD	Point-in-time
Balance	`StockholdersEquity`	$1.20M	USD	Point-in-time
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensationGross`	$959.65K	USD	2 Qtrs
Restricted shares activity	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	-	USD	2 Qtrs
Treasury shares withheld for employee taxes	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$171.16K	USD	2 Qtrs
Stock option exercises	`StockIssuedDuringPeriodValueStockOptionsExercised`	-	USD	2 Qtrs
Stock warrant exercises	`StockAndWarrantsIssuedDuringPeriodValuePreferredStockAndWarrants`	$5.29M	USD	2 Qtrs
Net loss for the period	`ProfitLoss`	$-1.55M	USD	2 Qtrs
Balance (in shares)	`CommonStockSharesOutstanding`	4.90M	shares	Point-in-time
Balance (in shares)	`CommonStockSharesOutstanding`	3.96M	shares	Point-in-time
Balance	`StockholdersEquity`	$5.73M	USD	Point-in-time
Balance	`StockholdersEquity`	$1.20M	USD	Point-in-time

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