10-K Filing

Contango ORE, Inc. CIK: 1502377 FY 2017

Filing Information

Form Type	10-K
Accession Number	`0001437749-17-015979`
Period End Date	20170630
Filing Date	20170915
Fiscal Year	2017
Fiscal Period	FY
XBRL Instance	ctgo-20170630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 47 Income Statement 18 Cash Flow Statement 26 Stockholders Equity 15

Balance Sheet 47 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	15.00M	shares	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	15.00M	shares	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`	$5.19M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.25M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.95M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseCurrent`	$175.79K	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseCurrent`	$58.16K	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
Total current assets	`AssetsCurrent`	$1.31M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	3.96M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	4.93M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$5.37M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	3.96M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	4.92M	shares	Point-in-time
Investment in Peak Gold, LLC (NOTE 9)	`EquityMethodInvestments`	-	USD	Point-in-time
Investment in Peak Gold, LLC (NOTE 9)	`EquityMethodInvestments`	-	USD	Point-in-time
Treasury shares, number (in shares)	`TreasuryStockShares`	9,068.00	shares	Point-in-time
Treasury shares, number (in shares)	`TreasuryStockShares`	0.00	shares	Point-in-time
TOTAL ASSETS	`Assets`	$5.37M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$1.31M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$50.86K	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`	$86.56K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$137.42K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$113.74K	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES (NOTE 11)	`CommitmentsAndContingencies`	-	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES (NOTE 11)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred Stock, 15,000,000 shares authorized	`PreferredStockValue`	-	USD	Point-in-time
Preferred Stock, 15,000,000 shares authorized	`PreferredStockValue`	-	USD	Point-in-time
Common Stock, $0.01 par value, 30,000,000 shares authorized; 4,930,231 shares issued and 4,921,163 outstanding at June 30, 2017; 3,958,540 shares issued and outstanding at June 30, 2016;	`CommonStockValue`	$49.30K	USD	Point-in-time
Common Stock, $0.01 par value, 30,000,000 shares authorized; 4,930,231 shares issued and 4,921,163 outstanding at June 30, 2017; 3,958,540 shares issued and outstanding at June 30, 2016;	`CommonStockValue`	$39.59K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$40.50M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$33.43M	USD	Point-in-time
Treasury shares at cost (9,068 shares at June 30, 2017; and 0 at June 30, 2016)	`TreasuryStockValue`	-	USD	Point-in-time
Treasury shares at cost (9,068 shares at June 30, 2017; and 0 at June 30, 2016)	`TreasuryStockValue`	$207.40K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-32.28M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-35.11M	USD	Point-in-time
SHAREHOLDERS EQUITY	`StockholdersEquity`	$1.20M	USD	Point-in-time
SHAREHOLDERS EQUITY	`StockholdersEquity`	$1.91M	USD	Point-in-time
SHAREHOLDERS EQUITY	`StockholdersEquity`	$5.23M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$5.37M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$1.31M	USD	Point-in-time

Income Statement 18 line items

Line Item	Tag	Value	Unit	Period
Claim rentals and minimum royalties	`CarryingCostsPropertyAndExplorationRights`	-	USD	Annual
Claim rentals and minimum royalties	`CarryingCostsPropertyAndExplorationRights`	$14.43K	USD	Annual
General and administrative expense	`GeneralAndAdministrativeExpense`	$1.21M	USD	Annual
General and administrative expense	`GeneralAndAdministrativeExpense`	$2.84M	USD	Annual
Total expenses	`CostsAndExpenses`	$2.84M	USD	Annual
Total expenses	`CostsAndExpenses`	$1.22M	USD	Annual
Loss from equity investment in Peak Gold, LLC	`IncomeLossFromEquityMethodInvestments`	-	USD	Annual
Loss from equity investment in Peak Gold, LLC	`IncomeLossFromEquityMethodInvestments`	-	USD	Annual
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.22M	USD	Annual
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-2.84M	USD	Annual
Benefit (provision) for income taxes	`IncomeTaxExpenseBenefit`	-	USD	Annual
Benefit (provision) for income taxes	`IncomeTaxExpenseBenefit`	-	USD	Annual
NET LOSS	`NetIncomeLoss`	$-2.84M	USD	Annual
NET LOSS	`NetIncomeLoss`	$-1.22M	USD	Annual
Basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.62	USD	Annual
Basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.31	USD	Annual
Basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	3.93M	shares	Annual
Basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	4.61M	shares	Annual

Cash Flow Statement 26 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-2.84M	USD	Annual
Net loss	`NetIncomeLoss`	$-1.22M	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$1.79M	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$507.68K	USD	Annual
Loss from equity investment in Peak Gold, LLC	`IncomeLossFromEquityMethodInvestments`	-	USD	Annual
Loss from equity investment in Peak Gold, LLC	`IncomeLossFromEquityMethodInvestments`	-	USD	Annual
Decrease/(increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-9.22K	USD	Annual
Decrease/(increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$117.63K	USD	Annual
Increase in accounts payable and other accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$10.76K	USD	Annual
Increase in accounts payable and other accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$23.68K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-1.14M	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-692.56K	USD	Annual
Cash paid for shares withheld from employees for payroll tax withholding	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	-	USD	Annual
Cash paid for shares withheld from employees for payroll tax withholding	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$207.40K	USD	Annual
Cash from warrant exercises	`ProceedsFromWarrantExercises`	$5.29M	USD	Annual
Cash from warrant exercises	`ProceedsFromWarrantExercises`	-	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$5.08M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	-	USD	Annual
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$3.94M	USD	Annual
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-692.56K	USD	Annual
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$5.19M	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`	$1.95M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$5.19M	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`	$1.95M	USD	Point-in-time

Stockholders Equity 15 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$1.20M	USD	Point-in-time
Balance	`StockholdersEquity`	$1.91M	USD	Point-in-time
Balance	`StockholdersEquity`	$5.23M	USD	Point-in-time
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensationGross`	$1.79M	USD	Annual
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensationGross`	$507.68K	USD	Annual
Restricted shares activity	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	-	USD	Annual
Treasury shares withheld for employee taxes	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$207.40K	USD	Annual
Shares vested	`StockIssuedDuringPeriodValueStockOptionsExercised`	-	USD	Annual
Shares vested	`StockIssuedDuringPeriodValueStockOptionsExercised`	-	USD	Annual
Stock warrant exercises	`StockAndWarrantsIssuedDuringPeriodValuePreferredStockAndWarrants`	$5.29M	USD	Annual
Net loss for the period	`ProfitLoss`	$-2.84M	USD	Annual
Net loss for the period	`ProfitLoss`	$-1.22M	USD	Annual
Balance	`StockholdersEquity`	$1.20M	USD	Point-in-time
Balance	`StockholdersEquity`	$1.91M	USD	Point-in-time
Balance	`StockholdersEquity`	$5.23M	USD	Point-in-time

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