10-Q Filing

Contango ORE, Inc. CIK: 1502377 Q2 2018

Filing Information

Form Type	10-Q
Accession Number	`0001437749-18-001352`
Period End Date	20171231
Filing Date	20180131
Fiscal Year	2018
Fiscal Period	Q2
XBRL Instance	ctgo-20171231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 45 Income Statement 24 Cash Flow Statement 28 Stockholders Equity 15

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`	$5.79M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.25M	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`	$15.82M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$5.19M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	4.93M	shares	Point-in-time
Prepaid expenses and other	`PrepaidExpenseCurrent`	$125.56K	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseCurrent`	$175.79K	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	5.98M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	4.92M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$5.37M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	5.98M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$15.95M	USD	Point-in-time
Treasury stock, at cost, shares (in shares)	`TreasuryStockShares`	0.00	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`	$5.37M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$15.95M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$50.86K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$13.12K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$86.56K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$117.81K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$137.42K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$130.92K	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; 5,975,048 shares issued and outstanding at December 31, 2017; 4,930,231 shares issued and 4,921,163 outstanding at June 30, 2017	`CommonStockValue`	$59.75K	USD	Point-in-time
Common Stock, $0.01 par value, 30,000,000 shares authorized; 5,975,048 shares issued and outstanding at December 31, 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`	$52.35M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$40.50M	USD	Point-in-time
Treasury shares at cost (0 shares at December 31, 2017 and 9,068 at June 30, 2017)	`TreasuryStockValue`	$207.40K	USD	Point-in-time
Treasury shares at cost (0 shares at December 31, 2017 and 9,068 at June 30, 2017)	`TreasuryStockValue`	-	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-36.59M	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`	$15.82M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$5.37M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$15.95M	USD	Point-in-time

Income Statement 24 line items

Line Item	Tag	Value	Unit	Period
General and administrative expense	`GeneralAndAdministrativeExpense`	$1.55M	USD	2 Qtrs
General and administrative expense	`GeneralAndAdministrativeExpense`	$1.48M	USD	2 Qtrs
General and administrative expense	`GeneralAndAdministrativeExpense`	$592.14K	USD	1 Quarter
General and administrative expense	`GeneralAndAdministrativeExpense`	$808.34K	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$808.34K	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$592.14K	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$1.55M	USD	2 Qtrs
Total expenses	`CostsAndExpenses`	$1.48M	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	2 Qtrs
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
NET LOSS	`NetIncomeLoss`	$-808.34K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-1.48M	USD	2 Qtrs
NET LOSS	`NetIncomeLoss`	$-1.55M	USD	2 Qtrs
NET LOSS	`NetIncomeLoss`	$-592.14K	USD	1 Quarter
Basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.14	USD	1 Quarter
Basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.28	USD	2 Qtrs
Basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.36	USD	2 Qtrs
Basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.13	USD	1 Quarter
Basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	5.65M	shares	1 Quarter
Basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	4.64M	shares	1 Quarter
Basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	5.29M	shares	2 Qtrs
Basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	4.32M	shares	2 Qtrs

Cash Flow Statement 28 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-808.34K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.48M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-1.55M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-592.14K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$998.12K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$959.65K	USD	2 Qtrs
Decrease/(increase) in prepaid expenses and other	`IncreaseDecreaseInPrepaidExpense`	$61.92K	USD	2 Qtrs
Decrease/(increase) in prepaid expenses and other	`IncreaseDecreaseInPrepaidExpense`	$-50.23K	USD	2 Qtrs
Increase/(decrease) in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-6.50K	USD	2 Qtrs
Increase/(decrease) in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$71.68K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-435.13K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-578.38K	USD	2 Qtrs
Cash paid for shares withheld from employees for payroll tax withholding	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	-	USD	2 Qtrs
Cash paid for shares withheld from employees for payroll tax withholding	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$171.16K	USD	2 Qtrs
Cash from warrant exercises and capital raise, net	`ProceedsFromIssuanceOrSaleOfEquity`	$11.07M	USD	2 Qtrs
Cash from warrant exercises and capital raise, net	`ProceedsFromIssuanceOrSaleOfEquity`	$5.29M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$11.07M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$5.12M	USD	2 Qtrs
NET (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$4.54M	USD	2 Qtrs
NET (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$10.63M	USD	2 Qtrs
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$5.79M	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`	$15.82M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$5.19M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$5.79M	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`	$15.82M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$5.19M	USD	Point-in-time

Stockholders Equity 15 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$5.23M	USD	Point-in-time
Balance	`StockholdersEquity`	$15.82M	USD	Point-in-time
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$998.12K	USD	2 Qtrs
Restricted shares activity	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	-	USD	2 Qtrs
Treasury stock activity	`TreasuryStockRetiredCostMethodAmount`	-	USD	2 Qtrs
Issuance of common stock	`StockIssuedDuringPeriodValueNewIssues`	$10.52M	USD	2 Qtrs
Cost of common stock issuance	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$642.14K	USD	2 Qtrs
Stock option exercises	`StockIssuedDuringPeriodValueStockOptionsExercised`	-	USD	2 Qtrs
Stock warrant exercises	`StockIssuedDuringPeriodValueWarrantsExercised`	$1.19M	USD	2 Qtrs
Net loss for the period	`NetIncomeLoss`	$-808.34K	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-1.48M	USD	2 Qtrs
Net loss for the period	`NetIncomeLoss`	$-1.55M	USD	2 Qtrs
Net loss for the period	`NetIncomeLoss`	$-592.14K	USD	1 Quarter
Balance	`StockholdersEquity`	$5.23M	USD	Point-in-time
Balance	`StockholdersEquity`	$15.82M	USD	Point-in-time

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