10-Q Filing

Contango ORE, Inc. CIK: 1502377 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001437749-17-018686`
Period End Date	20170930
Filing Date	20171108
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	ctgo-20170930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 46 Income Statement 12 Cash Flow Statement 20 Stockholders Equity 9

Balance Sheet 46 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`	$1.25M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$5.19M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	30.00M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.14M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	30.00M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$4.94M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	4.93M	shares	Point-in-time
Prepaid expenses and other	`PrepaidExpenseCurrent`	$170.04K	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	5.06M	shares	Point-in-time
Prepaid expenses and other	`PrepaidExpenseCurrent`	$175.79K	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseCurrent`	$175.79K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$5.11M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	4.92M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	5.05M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$5.37M	USD	Point-in-time
Treasury stock, at cost, shares (in shares)	`TreasuryStockShares`	9,068.00	shares	Point-in-time
Treasury stock, at cost, shares (in shares)	`TreasuryStockShares`	9,068.00	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`	$5.11M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$5.37M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$30.57K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$50.86K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$105.11K	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`	$135.68K	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES (NOTE 11)	`CommitmentsAndContingencies`	-	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES (NOTE 11)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common Stock, $0.01 par value, 30,000,000 shares authorized; 5,057,419 shares issued and 5,048,351 outstanding at September 30, 2017; 4,930,231 shares issued and 4,921,163 outstanding at June 30, 2017	`CommonStockValue`	$50.58K	USD	Point-in-time
Common Stock, $0.01 par value, 30,000,000 shares authorized; 5,057,419 shares issued and 5,048,351 outstanding at September 30, 2017; 4,930,231 shares issued and 4,921,163 outstanding at June 30, 2017	`CommonStockValue`	$49.30K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$40.92M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$40.50M	USD	Point-in-time
Treasury shares at cost (9,068 shares at September 30, 2017 and June 30, 2017)	`TreasuryStockValue`	$207.40K	USD	Point-in-time
Treasury shares at cost (9,068 shares at September 30, 2017 and June 30, 2017)	`TreasuryStockValue`	$207.40K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-35.78M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-35.11M	USD	Point-in-time
SHAREHOLDERS EQUITY	`StockholdersEquity`	$5.23M	USD	Point-in-time
SHAREHOLDERS EQUITY	`StockholdersEquity`	$4.98M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$5.37M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$5.11M	USD	Point-in-time

Income Statement 12 line items

Line Item	Tag	Value	Unit	Period
General and administrative expense	`GeneralAndAdministrativeExpense`	$668.64K	USD	1 Quarter
General and administrative expense	`GeneralAndAdministrativeExpense`	$955.65K	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$668.64K	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$955.65K	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	1 Quarter
NET LOSS	`NetIncomeLoss`	$-668.64K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-955.65K	USD	1 Quarter
Basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.14	USD	1 Quarter
Basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.24	USD	1 Quarter
Basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	4.93M	shares	1 Quarter
Basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	3.99M	shares	1 Quarter

Cash Flow Statement 20 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-668.64K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-955.65K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$417.74K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$628.34K	USD	1 Quarter
Increase in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-28.42K	USD	1 Quarter
Increase in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-5.75K	USD	1 Quarter
Decrease/(increase) in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.74K	USD	1 Quarter
Decrease/(increase) in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$184.96K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-113.92K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-246.88K	USD	1 Quarter
NET (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-113.92K	USD	1 Quarter
NET (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-246.88K	USD	1 Quarter
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$1.25M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$5.19M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$1.14M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$4.94M	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`	$5.19M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$1.14M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$4.94M	USD	Point-in-time

Stockholders Equity 9 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$5.23M	USD	Point-in-time
Balance	`StockholdersEquity`	$4.98M	USD	Point-in-time
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$417.74K	USD	1 Quarter
Stock warrant exercises (in shares)	`StockIssuedDuringPeriodSharesWarrantsExercised`	127,188.00	shares	1 Quarter
Stock warrant exercises	`StockIssuedDuringPeriodValueWarrantsExercised`	-	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-668.64K	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-955.65K	USD	1 Quarter
Balance	`StockholdersEquity`	$5.23M	USD	Point-in-time
Balance	`StockholdersEquity`	$4.98M	USD	Point-in-time

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