10-Q Filing

Contango ORE, Inc. CIK: 1502377 Q1 2020

Filing Information

Form Type	10-Q
Accession Number	`0001437749-19-022708`
Period End Date	20190930
Filing Date	20191113
Fiscal Year	2020
Fiscal Period	Q1
XBRL Instance	ctgo-20190930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 43 Income Statement 14 Cash Flow Statement 26 Stockholders Equity 17

Balance Sheet 43 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`	$13.81M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$7.61M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$8.60M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$11.67M	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`	6.36M	shares	Point-in-time
Prepaid expenses and other	`PrepaidExpenseCurrent`	$28.45K	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	6.36M	shares	Point-in-time
Prepaid expenses and other	`PrepaidExpenseCurrent`	$161.19K	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	6.36M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$8.76M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$7.64M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	6.36M	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	`PreferredStockValue`	-	USD	Point-in-time
Total other assets	`PreferredStockValue`	-	USD	Point-in-time
TOTAL ASSETS	`Assets`	$8.76M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$7.64M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$71.41K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$136.05K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$347.88K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$271.07K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$407.12K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$419.29K	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; 6,357,113 shares issued and outstanding at September 30, 2019 and June 30, 2019	`CommonStockValue`	$63.57K	USD	Point-in-time
Common Stock, $0.01 par value, 30,000,000 shares authorized; 6,357,113 shares issued and outstanding at September 30, 2019 and June 30, 2019	`CommonStockValue`	$63.57K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$58.68M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$57.94M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-51.51M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-49.66M	USD	Point-in-time
SHAREHOLDERS EQUITY	`StockholdersEquity`	$7.23M	USD	Point-in-time
SHAREHOLDERS EQUITY	`StockholdersEquity`	$8.34M	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`	$7.64M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$8.76M	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`	$990.99K	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$990.99K	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$993.43K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$39.66K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$58.03K	USD	1 Quarter
Loss from equity investment in Peak Gold, LLC (Note 4)	`IncomeLossFromEquityMethodInvestments`	$-900.00K	USD	1 Quarter
Loss from equity investment in Peak Gold, LLC (Note 4)	`IncomeLossFromEquityMethodInvestments`	$-1.95M	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-1.85M	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-2.89M	USD	1 Quarter
Basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.29	USD	1 Quarter
Basic and diluted (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.47	USD	1 Quarter
Basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	6.16M	shares	1 Quarter
Basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	6.36M	shares	1 Quarter

Cash Flow Statement 26 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-1.85M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.89M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$745.07K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$740.44K	USD	1 Quarter
Loss from equity investment in Peak Gold, LLC	`IncomeLossFromEquityMethodInvestments`	$-900.00K	USD	1 Quarter
Loss from equity investment in Peak Gold, LLC	`IncomeLossFromEquityMethodInvestments`	$-1.95M	USD	1 Quarter
Decrease/(increase) in prepaid expenses and other	`IncreaseDecreaseInPrepaidExpense`	$10.35K	USD	1 Quarter
Decrease/(increase) in prepaid expenses and other	`IncreaseDecreaseInPrepaidExpense`	$-132.75K	USD	1 Quarter
(Decrease)/increase in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$14.86K	USD	1 Quarter
(Decrease)/increase in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-12.16K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-185.82K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-90.31K	USD	1 Quarter
Cash invested in Peak Gold, LLC	`PaymentsToAcquireEquityMethodInvestments`	$1.95M	USD	1 Quarter
Cash invested in Peak Gold, LLC	`PaymentsToAcquireEquityMethodInvestments`	$900.00K	USD	1 Quarter
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-900.00K	USD	1 Quarter
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.95M	USD	1 Quarter
NET DECREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-990.31K	USD	1 Quarter
NET DECREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.14M	USD	1 Quarter
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$13.81M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$7.61M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$8.60M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$11.67M	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`	$7.61M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$8.60M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$11.67M	USD	Point-in-time

Stockholders Equity 17 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$7.23M	USD	Point-in-time
Balance	`StockholdersEquity`	$8.34M	USD	Point-in-time
Balance	`StockholdersEquity`	$13.71M	USD	Point-in-time
Balance	`StockholdersEquity`	$11.57M	USD	Point-in-time
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$740.44K	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$745.07K	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-1.85M	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-2.89M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$740.44K	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$745.07K	USD	1 Quarter
Stock option exercises	`StockIssuedDuringPeriodValueStockOptionsExercised`	-	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-1.85M	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-2.89M	USD	1 Quarter
Balance	`StockholdersEquity`	$7.23M	USD	Point-in-time
Balance	`StockholdersEquity`	$8.34M	USD	Point-in-time
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.