10-Q Filing

Contango ORE, Inc. CIK: 1502377 Q1 2013

Filing Information

Form Type	10-Q
Accession Number	`0001445305-12-003661`
Period End Date	20120930
Filing Date	20121114
Fiscal Year	2013
Fiscal Period	Q1
XBRL Instance	mcf-20120930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 43 Income Statement 27 Cash Flow Statement 52 Stockholders Equity 10

Balance Sheet 43 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`	2.48M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	2.48M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	2.48M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$3.17M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.10M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$7.77M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$2.40M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$138.03K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$28.44K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$7.90M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.20M	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`	$225.00K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$9.14M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$4.43M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.73M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$756.34K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$73.00K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$275.91K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.03M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.80M	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`	$24.80K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$15.53M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$15.83M	USD	Point-in-time
Accumulated deficit during exploration stage	`RetainedEarningsAccumulatedDeficit`	$-12.45M	USD	Point-in-time
Accumulated deficit during exploration stage	`RetainedEarningsAccumulatedDeficit`	$-8.22M	USD	Point-in-time
SHAREHOLDERS EQUITY	`StockholdersEquity`	$3.40M	USD	Point-in-time
SHAREHOLDERS EQUITY	`StockholdersEquity`	$7.34M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$9.14M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$4.43M	USD	Point-in-time

Income Statement 27 line items

Line Item	Tag	Value	Unit	Period
Claim rentals and minimum royalties	`CarryingCostsPropertyAndExplorationRights`	$740.53K	USD	12 Qtrs
Claim rentals and minimum royalties	`CarryingCostsPropertyAndExplorationRights`	$67.61K	USD	1 Quarter
Claim rentals and minimum royalties	`CarryingCostsPropertyAndExplorationRights`	$84.14K	USD	1 Quarter
Exploration expenses	`ExplorationExpenseMining`	$10.39M	USD	12 Qtrs
Exploration expenses	`ExplorationExpenseMining`	$1.42M	USD	1 Quarter
Exploration expenses	`ExplorationExpenseMining`	$3.74M	USD	1 Quarter
Other operating expenses	`OtherCostAndExpenseOperating`	-	USD	1 Quarter
Other operating expenses	`OtherCostAndExpenseOperating`	$146.55K	USD	12 Qtrs
Other operating expenses	`OtherCostAndExpenseOperating`	-	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensationExpense`	$482.73K	USD	12 Qtrs
Stock-based compensation expense	`ShareBasedCompensationExpense`	$226.16K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensationExpense`	$77.52K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$73.45K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$692.69K	USD	12 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$202.98K	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$12.45M	USD	12 Qtrs
Total expenses	`CostsAndExpenses`	$1.65M	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$4.24M	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-12.45M	USD	12 Qtrs
NET LOSS	`NetIncomeLoss`	$-4.24M	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-1.65M	USD	1 Quarter
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-7.22	USD	12 Qtrs
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-1.05	USD	1 Quarter
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-1.71	USD	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	2.48M	shares	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	1.57M	shares	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	1.73M	shares	12 Qtrs

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-12.45M	USD	12 Qtrs
Net loss	`NetIncomeLoss`	$-4.24M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.65M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$99.78K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$301.31K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$637.43K	USD	12 Qtrs
Decrease (increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$71.44K	USD	1 Quarter
Decrease (increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-109.59K	USD	1 Quarter
Decrease (increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$28.44K	USD	12 Qtrs
Increase in accounts payable and other accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-769.41K	USD	1 Quarter
Increase in accounts payable and other accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.03M	USD	12 Qtrs
Increase in accounts payable and other accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$478.40K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.14M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-4.60M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-10.81M	USD	12 Qtrs
Acquisition of other assets	`PaymentsToAcquireOtherProductiveAssets`	$150.00K	USD	1 Quarter
Acquisition of other assets	`PaymentsToAcquireOtherProductiveAssets`	-	USD	1 Quarter
Acquisition of other assets	`PaymentsToAcquireOtherProductiveAssets`	$225.00K	USD	12 Qtrs
Acquisition of properties	`PaymentsToAcquireMiningAssets`	$1.01M	USD	12 Qtrs
Acquisition of properties	`PaymentsToAcquireMiningAssets`	-	USD	1 Quarter
Acquisition of properties	`PaymentsToAcquireMiningAssets`	-	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.23M	USD	12 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-150.00K	USD	1 Quarter
Shareholders contributions	`ProceedsFromContributionsFromParent`	-	USD	1 Quarter
Shareholders contributions	`ProceedsFromContributionsFromParent`	$6.78M	USD	12 Qtrs
Shareholders contributions	`ProceedsFromContributionsFromParent`	-	USD	1 Quarter
Common stock issuance, net	`ProceedsFromIssuanceOfCommonStock`	$8.43M	USD	12 Qtrs
Common stock issuance, net	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Common stock issuance, net	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Short-term borrowings	`ProceedsFromRepaymentsOfShortTermDebt`	-	USD	1 Quarter
Short-term borrowings	`ProceedsFromRepaymentsOfShortTermDebt`	-	USD	1 Quarter
Short-term borrowings	`ProceedsFromRepaymentsOfShortTermDebt`	$500.00K	USD	12 Qtrs
Repayment of short-term borrowings	`RepaymentsOfShortTermDebt`	-	USD	1 Quarter
Repayment of short-term borrowings	`RepaymentsOfShortTermDebt`	-	USD	1 Quarter
Repayment of short-term borrowings	`RepaymentsOfShortTermDebt`	$500.00K	USD	12 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$15.22M	USD	12 Qtrs
NET INCREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.29M	USD	1 Quarter
NET INCREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-4.60M	USD	1 Quarter
NET INCREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$3.17M	USD	12 Qtrs
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$3.17M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$1.10M	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`	$2.40M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$3.17M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$1.10M	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`	$2.40M	USD	Point-in-time

Stockholders Equity 10 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$3.40M	USD	Point-in-time
Balance	`StockholdersEquity`	$7.34M	USD	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	2.48M	shares	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	2.48M	shares	Point-in-time
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$301.31K	USD	1 Quarter
Net loss for the period	`ProfitLoss`	$-4.24M	USD	1 Quarter
Balance	`StockholdersEquity`	$3.40M	USD	Point-in-time
Balance	`StockholdersEquity`	$7.34M	USD	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	2.48M	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.