10-Q Filing

Contango ORE, Inc. CIK: 1502377 Q3 2018

Filing Information

Form Type	10-Q
Accession Number	`0001437749-18-009420`
Period End Date	20180331
Filing Date	20180510
Fiscal Year	2018
Fiscal Period	Q3
XBRL Instance	ctgo-20180331.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`	$5.65M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$16.65M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	30.00M	shares	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`	$1.25M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseCurrent`	$188.78K	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	6.13M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	4.93M	shares	Point-in-time
Prepaid expenses and other	`PrepaidExpenseCurrent`	$175.79K	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	6.13M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	4.92M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$16.83M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$5.37M	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`	$16.83M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$10.50K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$50.86K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$46.61K	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`	$57.11K	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; 6,127,784 shares issued and outstanding at March 31, 2018; 4,930,231 shares issued and 4,921,163 outstanding at June 30, 2017	`CommonStockValue`	$49.30K	USD	Point-in-time
Common Stock, $0.01 par value, 30,000,000 shares authorized; 6,127,784 shares issued and outstanding at March 31, 2018; 4,930,231 shares issued and 4,921,163 outstanding at June 30, 2017	`CommonStockValue`	$61.28K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$54.21M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$40.50M	USD	Point-in-time
Treasury shares at cost (0 shares at March 31, 2018 and 9,068 at June 30, 2017)	`TreasuryStockValue`	$207.40K	USD	Point-in-time
Treasury shares at cost (0 shares at March 31, 2018 and 9,068 at June 30, 2017)	`TreasuryStockValue`	-	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-35.11M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-37.50M	USD	Point-in-time
SHAREHOLDERS EQUITY	`StockholdersEquity`	$16.78M	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`	$16.83M	USD	Point-in-time

Income Statement 24 line items

Line Item	Tag	Value	Unit	Period
General and administrative expense	`GeneralAndAdministrativeExpense`	$2.06M	USD	3 Qtrs
General and administrative expense	`GeneralAndAdministrativeExpense`	$516.93K	USD	1 Quarter
General and administrative expense	`GeneralAndAdministrativeExpense`	$2.38M	USD	3 Qtrs
General and administrative expense	`GeneralAndAdministrativeExpense`	$906.28K	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$2.38M	USD	3 Qtrs
Total expenses	`CostsAndExpenses`	$516.93K	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$906.28K	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$2.06M	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
Loss from equity investment in Peak Gold, LLC (Note 4)	`IncomeLossFromEquityMethodInvestments`	-	USD	3 Qtrs
NET LOSS	`NetIncomeLoss`	$-906.28K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-516.93K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-2.06M	USD	3 Qtrs
NET LOSS	`NetIncomeLoss`	$-2.38M	USD	3 Qtrs
Basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.15	USD	1 Quarter
Basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.46	USD	3 Qtrs
Basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.43	USD	3 Qtrs
Basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.11	USD	1 Quarter
Basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	4.90M	shares	1 Quarter
Basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	6.00M	shares	1 Quarter
Basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	5.52M	shares	3 Qtrs
Basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	4.51M	shares	3 Qtrs

Cash Flow Statement 28 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-906.28K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-516.93K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.06M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-2.38M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$1.73M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$1.37M	USD	3 Qtrs
Increase in prepaid expenses and other	`IncreaseDecreaseInPrepaidExpense`	$12.99K	USD	3 Qtrs
Increase in prepaid expenses and other	`IncreaseDecreaseInPrepaidExpense`	$19.95K	USD	3 Qtrs
Decrease in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-10.88K	USD	3 Qtrs
Decrease in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-80.31K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-746.46K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-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 and capital raise, net	`ProceedsFromIssuanceOrSaleOfEquity`	$5.29M	USD	3 Qtrs
Cash from warrant exercises and capital raise, net	`ProceedsFromIssuanceOrSaleOfEquity`	$12.20M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$5.12M	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$12.20M	USD	3 Qtrs
NET INCREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$4.39M	USD	3 Qtrs
NET INCREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$11.45M	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`	$16.65M	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`	$1.25M	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`	$16.65M	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

Stockholders Equity 15 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$16.78M	USD	Point-in-time
Balance	`StockholdersEquity`	$5.23M	USD	Point-in-time
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.73M	USD	3 Qtrs
Restricted shares activity	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	-	USD	3 Qtrs
Treasury stock activity	`TreasuryStockRetiredCostMethodAmount`	-	USD	3 Qtrs
Issuance of common stock	`StockIssuedDuringPeriodValueNewIssues`	$10.52M	USD	3 Qtrs
Cost of common stock issuance	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$642.14K	USD	3 Qtrs
Stock option exercises	`StockIssuedDuringPeriodValueStockOptionsExercised`	-	USD	3 Qtrs
Stock warrant exercises	`StockIssuedDuringPeriodValueWarrantsExercised`	$2.32M	USD	3 Qtrs
Net loss for the period	`NetIncomeLoss`	$-906.28K	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-516.93K	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-2.06M	USD	3 Qtrs
Net loss for the period	`NetIncomeLoss`	$-2.38M	USD	3 Qtrs
Balance	`StockholdersEquity`	$16.78M	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.