10-K Filing

Contango ORE, Inc. CIK: 1502377 FY 2018

Filing Information

Form Type	10-K
Accession Number	`0001437749-18-016402`
Period End Date	20180630
Filing Date	20180830
Fiscal Year	2018
Fiscal Period	FY
XBRL Instance	ctgo-20180630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 47 Income Statement 20 Cash Flow Statement 30 Stockholders Equity 20

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
Cash	`CashAndCashEquivalentsAtCarryingValue`	$5.19M	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`	$13.81M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.25M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseCurrent`	$175.79K	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	30.00M	shares	Point-in-time
Prepaid expenses and other	`PrepaidExpenseCurrent`	$155.67K	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	30.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$5.37M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	4.93M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$13.97M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	6.15M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	6.15M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	4.92M	shares	Point-in-time
Investment in Peak Gold, LLC (NOTE 8)	`EquityMethodInvestments`	-	USD	Point-in-time
Investment in Peak Gold, LLC (NOTE 8)	`EquityMethodInvestments`	-	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`	0.00	shares	Point-in-time
TOTAL ASSETS	`Assets`	$13.97M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$5.37M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$50.86K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$11.19K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$245.21K	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`	$256.40K	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES (NOTE 10)	`CommitmentsAndContingencies`	-	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES (NOTE 10)	`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; 6,153,266 shares issued and outstanding at June 30, 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; 6,153,266 shares issued and outstanding at June 30, 2018; 4,930,231 shares issued and 4,921,163 outstanding at June 30, 2017;	`CommonStockValue`	$61.53K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$40.50M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$54.95M	USD	Point-in-time
Treasury shares at cost (0 shares at June 30, 2018; and 9,068 shares at June 30, 2017)	`TreasuryStockValue`	-	USD	Point-in-time
Treasury shares at cost (0 shares at June 30, 2018; and 9,068 shares at June 30, 2017)	`TreasuryStockValue`	$207.40K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-35.11M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-41.30M	USD	Point-in-time
SHAREHOLDERS EQUITY	`StockholdersEquity`	$5.23M	USD	Point-in-time
SHAREHOLDERS EQUITY	`StockholdersEquity`	$1.20M	USD	Point-in-time
SHAREHOLDERS EQUITY	`StockholdersEquity`	$13.71M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$13.97M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$5.37M	USD	Point-in-time

Income Statement 20 line items

Line Item	Tag	Value	Unit	Period
General and administrative expense	`GeneralAndAdministrativeExpense`	$2.84M	USD	Annual
General and administrative expense	`GeneralAndAdministrativeExpense`	$3.77M	USD	Annual
Total expenses	`CostsAndExpenses`	$3.77M	USD	Annual
Total expenses	`CostsAndExpenses`	$2.84M	USD	Annual
Interest income	`InvestmentIncomeInterest`	-	USD	Annual
Interest income	`InvestmentIncomeInterest`	$158.78K	USD	Annual
Loss from equity investment in Peak Gold, LLC	`IncomeLossFromEquityMethodInvestments`	$-2.58M	USD	Annual
Loss from equity investment in Peak Gold, LLC	`IncomeLossFromEquityMethodInvestments`	-	USD	Annual
Total other (income)/expense	`NonoperatingIncomeExpense`	$-2.42M	USD	Annual
Total other (income)/expense	`NonoperatingIncomeExpense`	-	USD	Annual
LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-6.19M	USD	Annual
LOSS BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-2.84M	USD	Annual
Benefit (provision) for income taxes	`IncomeTaxExpenseBenefit`	-	USD	Annual
Benefit (provision) for income taxes	`IncomeTaxExpenseBenefit`	-	USD	Annual
NET LOSS	`NetIncomeLoss`	$-6.19M	USD	Annual
NET LOSS	`NetIncomeLoss`	$-2.84M	USD	Annual
Basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.62	USD	Annual
Basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-1.09	USD	Annual
Basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	5.68M	shares	Annual
Basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	4.61M	shares	Annual

Cash Flow Statement 30 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-6.19M	USD	Annual
Net loss	`NetIncomeLoss`	$-2.84M	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$2.47M	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$1.79M	USD	Annual
Loss from equity investment in Peak Gold, LLC	`IncomeLossFromEquityMethodInvestments`	$-2.58M	USD	Annual
Loss from equity investment in Peak Gold, LLC	`IncomeLossFromEquityMethodInvestments`	-	USD	Annual
Decrease/(increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$117.63K	USD	Annual
Decrease/(increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-20.12K	USD	Annual
Increase in accounts payable and other accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$118.98K	USD	Annual
Increase in accounts payable and other accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$23.68K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.14M	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.00M	USD	Annual
Cash invested in Peak Gold, LLC	`PaymentsToAcquireEquityMethodInvestments`	-	USD	Annual
Cash invested in Peak Gold, LLC	`PaymentsToAcquireEquityMethodInvestments`	$2.58M	USD	Annual
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.58M	USD	Annual
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	Annual
Cash paid for shares withheld from employees for payroll tax withholding	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$207.40K	USD	Annual
Cash paid for shares withheld from employees for payroll tax withholding	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	-	USD	Annual
Cash from warrant exercises and capital raise, net	`ProceedsFromIssuanceOrSaleOfEquity`	$5.29M	USD	Annual
Cash from warrant exercises and capital raise, net	`ProceedsFromIssuanceOrSaleOfEquity`	$12.20M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$12.20M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$5.08M	USD	Annual
NET INCREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$3.94M	USD	Annual
NET INCREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$8.62M	USD	Annual
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$5.19M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$13.81M	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`	$5.19M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$13.81M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$1.25M	USD	Point-in-time

Stockholders Equity 20 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$5.23M	USD	Point-in-time
Balance	`StockholdersEquity`	$1.20M	USD	Point-in-time
Balance	`StockholdersEquity`	$13.71M	USD	Point-in-time
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$2.47M	USD	Annual
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.79M	USD	Annual
Restricted shares activity	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	-	USD	Annual
Restricted shares activity	`StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures`	-	USD	Annual
Treasury shares withheld for employee taxes	`AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation`	$207.40K	USD	Annual
Stock option exercises	`StockIssuedDuringPeriodValueStockOptionsExercised`	-	USD	Annual
Stock option exercises	`StockIssuedDuringPeriodValueStockOptionsExercised`	-	USD	Annual
Stock warrant exercises	`StockIssuedDuringPeriodValueWarrantsExercised`	$2.32M	USD	Annual
Stock warrant exercises	`StockIssuedDuringPeriodValueWarrantsExercised`	$5.29M	USD	Annual
Net loss for the period	`NetIncomeLoss`	$-6.19M	USD	Annual
Net loss for the period	`NetIncomeLoss`	$-2.84M	USD	Annual
Treasury stock activity	`TreasuryStockRetiredCostMethodAmount`	-	USD	Annual
Issuance of common stock	`StockIssuedDuringPeriodValueNewIssues`	$10.52M	USD	Annual
Cost of common stock issuance	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$642.14K	USD	Annual
Balance	`StockholdersEquity`	$5.23M	USD	Point-in-time
Balance	`StockholdersEquity`	$1.20M	USD	Point-in-time
Balance	`StockholdersEquity`	$13.71M	USD	Point-in-time

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