10-Q Filing

Contango ORE, Inc. CIK: 1502377 Q1 2019

Filing Information

Form Type	10-Q
Accession Number	`0001437749-18-020613`
Period End Date	20180930
Filing Date	20181113
Fiscal Year	2019
Fiscal Period	Q1
XBRL Instance	ctgo-20180930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 41 Income Statement 14 Cash Flow Statement 26 Stockholders Equity 8

Balance Sheet 41 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`	$5.19M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$4.94M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$11.67M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$13.81M	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
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	6.17M	shares	Point-in-time
Prepaid expenses and other	`PrepaidExpenseCurrent`	$166.01K	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	6.15M	shares	Point-in-time
Prepaid expenses and other	`PrepaidExpenseCurrent`	$155.67K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$13.97M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$11.84M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	6.15M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	6.17M	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`	$11.84M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$13.97M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$167.91K	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`	$103.35K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$256.40K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$271.26K	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; 6,172,779 shares issued and outstanding at September 30, 2018; 6,153,266 shares issued and outstanding at June 30, 2018	`CommonStockValue`	$61.73K	USD	Point-in-time
Common Stock, $0.01 par value, 30,000,000 shares authorized; 6,172,779 shares issued and outstanding at September 30, 2018; 6,153,266 shares issued and outstanding at June 30, 2018	`CommonStockValue`	$61.53K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$55.69M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$54.95M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-44.19M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-41.30M	USD	Point-in-time
SHAREHOLDERS EQUITY	`StockholdersEquity`	$13.71M	USD	Point-in-time
SHAREHOLDERS EQUITY	`StockholdersEquity`	$11.57M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$13.97M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$11.84M	USD	Point-in-time

Income Statement 14 line items

Line Item	Tag	Value	Unit	Period
General and administrative expense	`GeneralAndAdministrativeExpense`	$993.43K	USD	1 Quarter
General and administrative expense	`GeneralAndAdministrativeExpense`	$679.78K	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$679.78K	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$993.43K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$11.15K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$58.03K	USD	1 Quarter
Loss from equity investment in Peak Gold, LLC (Note 4)	`IncomeLossFromEquityMethodInvestments`	$-1.95M	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`	$-2.89M	USD	1 Quarter
Basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.47	USD	1 Quarter
Basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.14	USD	1 Quarter
Basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	4.90M	shares	1 Quarter
Basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	6.16M	shares	1 Quarter

Cash Flow Statement 26 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-668.64K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.89M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$417.74K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$745.07K	USD	1 Quarter
Loss from equity investment in Peak Gold, LLC	`IncomeLossFromEquityMethodInvestments`	$-1.95M	USD	1 Quarter
Loss from equity investment in Peak Gold, LLC	`IncomeLossFromEquityMethodInvestments`	-	USD	1 Quarter
(Increase)/decrease in prepaid expenses and other	`IncreaseDecreaseInPrepaidExpense`	$-5.75K	USD	1 Quarter
(Increase)/decrease in prepaid expenses and other	`IncreaseDecreaseInPrepaidExpense`	$10.34K	USD	1 Quarter
Increase/(decrease) in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.74K	USD	1 Quarter
Increase/(decrease) in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$14.86K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-185.82K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-246.88K	USD	1 Quarter
Cash invested in Peak Gold, LLC	`PaymentsToAcquireEquityMethodInvestments`	-	USD	1 Quarter
Cash invested in Peak Gold, LLC	`PaymentsToAcquireEquityMethodInvestments`	$1.95M	USD	1 Quarter
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.95M	USD	1 Quarter
NET (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-246.88K	USD	1 Quarter
NET (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.14M	USD	1 Quarter
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$5.19M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$4.94M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$11.67M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$13.81M	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`	$4.94M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$11.67M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$13.81M	USD	Point-in-time

Stockholders Equity 8 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$13.71M	USD	Point-in-time
Balance	`StockholdersEquity`	$11.57M	USD	Point-in-time
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$745.07K	USD	1 Quarter
Stock option exercises	`StockIssuedDuringPeriodValueStockOptionsExercised`	-	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-668.64K	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-2.89M	USD	1 Quarter
Balance	`StockholdersEquity`	$13.71M	USD	Point-in-time
Balance	`StockholdersEquity`	$11.57M	USD	Point-in-time

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