10-K Filing

Contango ORE, Inc. CIK: 1502377 FY 2012

Filing Information

Form Type	10-K
Accession Number	`0001445305-12-002851`
Period End Date	20120630
Filing Date	20120911
Fiscal Year	2012
Fiscal Period	FY
XBRL Instance	ctgo-20120630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 46 Income Statement 36 Cash Flow Statement 68 Stockholders Equity 20

Balance Sheet 46 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	30.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	30.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	2.48M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	1.57M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	1.57M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	2.48M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$2.40M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$7.77M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$78.16K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$138.03K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$7.90M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.47M	USD	Point-in-time
Mineral properties	`MineralPropertiesGross`	$1.01M	USD	Point-in-time
Mineral properties	`MineralPropertiesGross`	$1.01M	USD	Point-in-time
Accumulated depreciation, depletion and amortization	`MineralPropertiesAccumulatedDepletion`	-	USD	Point-in-time
Accumulated depreciation, depletion and amortization	`MineralPropertiesAccumulatedDepletion`	-	USD	Point-in-time
Total property and equipment, net	`MineralPropertiesNet`	$1.01M	USD	Point-in-time
Total property and equipment, net	`MineralPropertiesNet`	$1.01M	USD	Point-in-time
Other	`OtherAssetsNoncurrent`	$225.00K	USD	Point-in-time
Other	`OtherAssetsNoncurrent`	$75.00K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$3.56M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$9.14M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$488.36K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.73M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$73.00K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$156.41K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.80M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$644.76K	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; 2,480,269 shares issued and outstanding at June 30, 2012; 1,566,467 shares issued and outstanding at June 30, 2011	`CommonStockValue`	$24.80K	USD	Point-in-time
Common Stock, $0.01 par value, 30,000,000 shares authorized; 2,480,269 shares issued and outstanding at June 30, 2012; 1,566,467 shares issued and outstanding at June 30, 2011	`CommonStockValue`	$15.66K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$15.53M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$6.85M	USD	Point-in-time
Accumulated deficit during exploration stage	`RetainedEarningsAccumulatedDeficit`	$-8.22M	USD	Point-in-time
Accumulated deficit during exploration stage	`RetainedEarningsAccumulatedDeficit`	$-3.96M	USD	Point-in-time
SHAREHOLDERS EQUITY	`StockholdersEquity`	$2.91M	USD	Point-in-time
SHAREHOLDERS EQUITY	`StockholdersEquity`	$731.00K	USD	Point-in-time
SHAREHOLDERS EQUITY	`StockholdersEquity`	-	USD	Point-in-time
SHAREHOLDERS EQUITY	`StockholdersEquity`	$7.34M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$3.56M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$9.14M	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Claim rentals and minimum royalties	`CarryingCostsPropertyAndExplorationRights`	$192.71K	USD	Annual
Claim rentals and minimum royalties	`CarryingCostsPropertyAndExplorationRights`	$198.80K	USD	Annual
Claim rentals and minimum royalties	`CarryingCostsPropertyAndExplorationRights`	$281.42K	USD	Annual
Claim rentals and minimum royalties	`CarryingCostsPropertyAndExplorationRights`	$672.93K	USD	11 Qtrs
Exploration expenses	`ExplorationExpenseMining`	$6.65M	USD	11 Qtrs
Exploration expenses	`ExplorationExpenseMining`	$2.27M	USD	Annual
Exploration expenses	`ExplorationExpenseMining`	$877.76K	USD	Annual
Exploration expenses	`ExplorationExpenseMining`	$3.50M	USD	Annual
Other operating expenses	`OtherCostAndExpenseOperating`	$28.90K	USD	Annual
Other operating expenses	`OtherCostAndExpenseOperating`	$146.55K	USD	11 Qtrs
Other operating expenses	`OtherCostAndExpenseOperating`	$30.48K	USD	Annual
Other operating expenses	`OtherCostAndExpenseOperating`	$87.17K	USD	Annual
Stock-based compensation expense	`ShareBasedCompensationExpense`	$256.56K	USD	11 Qtrs
Stock-based compensation expense	`ShareBasedCompensationExpense`	$192.88K	USD	Annual
Stock-based compensation expense	`ShareBasedCompensationExpense`	$63.68K	USD	Annual
Stock-based compensation expense	`ShareBasedCompensationExpense`	-	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$337.23K	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$489.72K	USD	11 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$1.68K	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$150.81K	USD	Annual
Total expenses	`CostsAndExpenses`	$8.22M	USD	11 Qtrs
Total expenses	`CostsAndExpenses`	$2.85M	USD	Annual
Total expenses	`CostsAndExpenses`	$1.10M	USD	Annual
Total expenses	`CostsAndExpenses`	$4.26M	USD	Annual
NET LOSS	`NetIncomeLoss`	$-1.10M	USD	Annual
NET LOSS	`NetIncomeLoss`	$-2.85M	USD	Annual
NET LOSS	`NetIncomeLoss`	$-8.22M	USD	11 Qtrs
NET LOSS	`NetIncomeLoss`	$-4.26M	USD	Annual
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-2.35	USD	Annual
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-4.96	USD	11 Qtrs
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.70	USD	Annual
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-1.82	USD	Annual
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	1.66M	shares	11 Qtrs
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	1.57M	shares	Annual
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	1.57M	shares	Annual
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	1.81M	shares	Annual

Cash Flow Statement 68 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-1.10M	USD	Annual
Net loss	`NetIncomeLoss`	$-2.85M	USD	Annual
Net loss	`NetIncomeLoss`	$-8.22M	USD	11 Qtrs
Net loss	`NetIncomeLoss`	$-4.26M	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	-	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$336.12K	USD	11 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$251.21K	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$84.91K	USD	Annual
Decrease (increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$233.27K	USD	Annual
Decrease (increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-155.11K	USD	Annual
Decrease (increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$59.87K	USD	Annual
Decrease (increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$138.03K	USD	11 Qtrs
Increase in accounts payable and other accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.80M	USD	11 Qtrs
Increase in accounts payable and other accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.16M	USD	Annual
Increase in accounts payable and other accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$133.61K	USD	Annual
Increase in accounts payable and other accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$511.16K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.48M	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-6.22M	USD	11 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-824.75K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.91M	USD	Annual
Acquisition of other assets	`PaymentsToAcquireOtherProductiveAssets`	$75.00K	USD	Annual
Acquisition of other assets	`PaymentsToAcquireOtherProductiveAssets`	$225.00K	USD	11 Qtrs
Acquisition of other assets	`PaymentsToAcquireOtherProductiveAssets`	-	USD	Annual
Acquisition of other assets	`PaymentsToAcquireOtherProductiveAssets`	$150.00K	USD	Annual
Acquisition of properties	`PaymentsToAcquireMiningAssets`	$1.01M	USD	Annual
Acquisition of properties	`PaymentsToAcquireMiningAssets`	-	USD	Annual
Acquisition of properties	`PaymentsToAcquireMiningAssets`	$1.01M	USD	11 Qtrs
Acquisition of properties	`PaymentsToAcquireMiningAssets`	-	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.01M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-75.00K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-150.00K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.23M	USD	11 Qtrs
Shareholders contributions	`ProceedsFromContributionsFromParent`	-	USD	Annual
Shareholders contributions	`ProceedsFromContributionsFromParent`	$1.83M	USD	Annual
Shareholders contributions	`ProceedsFromContributionsFromParent`	$6.78M	USD	11 Qtrs
Shareholders contributions	`ProceedsFromContributionsFromParent`	$4.95M	USD	Annual
Common stock issuance, net	`ProceedsFromIssuanceOfCommonStock`	-	USD	Annual
Common stock issuance, net	`ProceedsFromIssuanceOfCommonStock`	$8.43M	USD	11 Qtrs
Common stock issuance, net	`ProceedsFromIssuanceOfCommonStock`	$8.43M	USD	Annual
Common stock issuance, net	`ProceedsFromIssuanceOfCommonStock`	-	USD	Annual
Short-term borrowings	`ProceedsFromRepaymentsOfShortTermDebt`	-	USD	Annual
Short-term borrowings	`ProceedsFromRepaymentsOfShortTermDebt`	$500.00K	USD	Annual
Short-term borrowings	`ProceedsFromRepaymentsOfShortTermDebt`	-	USD	Annual
Short-term borrowings	`ProceedsFromRepaymentsOfShortTermDebt`	$500.00K	USD	11 Qtrs
Repayment of short-term borrowings	`RepaymentsOfShortTermDebt`	-	USD	Annual
Repayment of short-term borrowings	`RepaymentsOfShortTermDebt`	$500.00K	USD	Annual
Repayment of short-term borrowings	`RepaymentsOfShortTermDebt`	-	USD	Annual
Repayment of short-term borrowings	`RepaymentsOfShortTermDebt`	$500.00K	USD	11 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$4.95M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$15.22M	USD	11 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.83M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$8.43M	USD	Annual
NET INCREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$5.37M	USD	Annual
NET INCREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.40M	USD	Annual
NET INCREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$7.77M	USD	11 Qtrs
NET INCREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	-	USD	Annual
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$2.40M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$7.77M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$2.40M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$7.77M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash paid for interest	`InterestPaid`	-	USD	Annual
Cash paid for interest	`InterestPaid`	$14.92K	USD	11 Qtrs
Cash paid for interest	`InterestPaid`	$14.92K	USD	Annual
Cash paid for interest	`InterestPaid`	-	USD	Annual

Stockholders Equity 20 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$2.91M	USD	Point-in-time
Balance	`StockholdersEquity`	$731.00K	USD	Point-in-time
Balance	`StockholdersEquity`	-	USD	Point-in-time
Balance	`StockholdersEquity`	$7.34M	USD	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	1.57M	shares	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	2.48M	shares	Point-in-time
Shareholders' contribution	`AdjustmentsToAdditionalPaidInCapitalOther`	$4.95M	USD	Annual
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$84.91K	USD	Annual
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$251.21K	USD	Annual
Issuance of new shares, net	`StockIssuedDuringPeriodValueNewIssues`	$1.83M	USD	3 Qtrs
Issuance of new shares, net	`StockIssuedDuringPeriodValueNewIssues`	$8.43M	USD	Annual
Net loss for the period	`ProfitLoss`	$-2.85M	USD	Annual
Net loss for the period	`ProfitLoss`	$-4.26M	USD	Annual
Net loss for the period	`ProfitLoss`	$-1.10M	USD	3 Qtrs
Balance	`StockholdersEquity`	$2.91M	USD	Point-in-time
Balance	`StockholdersEquity`	$731.00K	USD	Point-in-time
Balance	`StockholdersEquity`	-	USD	Point-in-time
Balance	`StockholdersEquity`	$7.34M	USD	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	1.57M	shares	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	2.48M	shares	Point-in-time

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