10-Q Filing

Contango ORE, Inc. CIK: 1502377 Q3 2017

Filing Information

Form Type	10-Q
Accession Number	`0001437749-17-008446`
Period End Date	20170331
Filing Date	20170509
Fiscal Year	2017
Fiscal Period	Q3
XBRL Instance	ctgo-20170331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 45 Income Statement 28 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
Cash	`CashAndCashEquivalentsAtCarryingValue`	$5.65M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.35M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	30.00M	shares	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	30.00M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.95M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.25M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	4.91M	shares	Point-in-time
Prepaid expenses and other	`PrepaidExpenseCurrent`	$58.16K	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseCurrent`	$78.11K	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	3.96M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	4.90M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$5.73M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.31M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	3.96M	shares	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`	$5.73M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$1.31M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$20.64K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$20.85K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$92.88K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$82.22K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$102.86K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$113.74K	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 March 31, 2017; 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 March 31, 2017; 3,958,540 shares issued and outstanding at June 30, 2016	`CommonStockValue`	$39.59K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$40.09M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$33.43M	USD	Point-in-time
Treasury shares at cost (7,185 shares at March 31, 2017; and 0 at June 30, 2016)	`TreasuryStockValue`	-	USD	Point-in-time
Treasury shares at cost (7,185 shares at March 31, 2017; 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`	$-34.34M	USD	Point-in-time
SHAREHOLDERS EQUITY	`StockholdersEquity`	$5.62M	USD	Point-in-time
SHAREHOLDERS EQUITY	`StockholdersEquity`	$1.20M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$5.73M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$1.31M	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Claim rentals and minimum royalties	`CarryingCostsPropertyAndExplorationRights`	-	USD	1 Quarter
Claim rentals and minimum royalties	`CarryingCostsPropertyAndExplorationRights`	-	USD	3 Qtrs
Claim rentals and minimum royalties	`CarryingCostsPropertyAndExplorationRights`	$14.43K	USD	3 Qtrs
Claim rentals and minimum royalties	`CarryingCostsPropertyAndExplorationRights`	-	USD	1 Quarter
General and administrative expense	`GeneralAndAdministrativeExpense`	$181.26K	USD	1 Quarter
General and administrative expense	`GeneralAndAdministrativeExpense`	$935.48K	USD	3 Qtrs
General and administrative expense	`GeneralAndAdministrativeExpense`	$516.93K	USD	1 Quarter
General and administrative expense	`GeneralAndAdministrativeExpense`	$2.06M	USD	3 Qtrs
Total expenses	`CostsAndExpenses`	$181.26K	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$516.93K	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$949.91K	USD	3 Qtrs
Total expenses	`CostsAndExpenses`	$2.06M	USD	3 Qtrs
Loss from equity investment in Peak Gold, LLC (Note 4)	`IncomeLossFromEquityMethodInvestments`	-	USD	3 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	3 Qtrs
Loss from equity investment in Peak Gold, LLC (Note 4)	`IncomeLossFromEquityMethodInvestments`	-	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-949.91K	USD	3 Qtrs
NET LOSS	`NetIncomeLoss`	$-181.26K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-2.06M	USD	3 Qtrs
NET LOSS	`NetIncomeLoss`	$-516.93K	USD	1 Quarter
Basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.05	USD	1 Quarter
Basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.24	USD	3 Qtrs
Basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.46	USD	3 Qtrs
Basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.11	USD	1 Quarter
Basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	4.51M	shares	3 Qtrs
Basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	3.92M	shares	3 Qtrs
Basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	3.96M	shares	1 Quarter
Basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	4.90M	shares	1 Quarter

Cash Flow Statement 28 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-949.91K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-181.26K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.06M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-516.93K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$437.45K	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$1.37M	USD	3 Qtrs
Increase in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$19.09K	USD	3 Qtrs
Increase in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$19.95K	USD	3 Qtrs
Decrease in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-69.16K	USD	3 Qtrs
Decrease in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-10.88K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-600.71K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-722.89K	USD	3 Qtrs
Cash paid for shares withheld from employees for payroll tax withholding	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	-	USD	3 Qtrs
Cash paid for shares withheld from employees for payroll tax withholding	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$171.16K	USD	3 Qtrs
Cash from warrant exercises	`ProceedsFromWarrantExercises`	$5.29M	USD	3 Qtrs
Cash from warrant exercises	`ProceedsFromWarrantExercises`	-	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	-	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$5.12M	USD	3 Qtrs
NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-600.71K	USD	3 Qtrs
NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$4.39M	USD	3 Qtrs
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$5.65M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$1.35M	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, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$5.65M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$1.35M	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

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`	$5.62M	USD	Point-in-time
Balance	`StockholdersEquity`	$1.20M	USD	Point-in-time
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensationGross`	$1.37M	USD	3 Qtrs
Restricted shares activity	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	-	USD	3 Qtrs
Treasury shares withheld for employee taxes	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$171.16K	USD	3 Qtrs
Stock option exercises	`StockIssuedDuringPeriodValueStockOptionsExercised`	-	USD	3 Qtrs
Stock warrant exercises	`StockAndWarrantsIssuedDuringPeriodValuePreferredStockAndWarrants`	$5.29M	USD	3 Qtrs
Net loss for the period	`ProfitLoss`	$-2.06M	USD	3 Qtrs
Balance (in shares)	`CommonStockSharesOutstanding`	4.90M	shares	Point-in-time
Balance (in shares)	`CommonStockSharesOutstanding`	3.96M	shares	Point-in-time
Balance	`StockholdersEquity`	$5.62M	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.