10-Q Filing

Contango ORE, Inc. CIK: 1502377 Q2 2013

Filing Information

Form Type	10-Q
Accession Number	`0001502377-13-000002`
Period End Date	20121231
Filing Date	20130214
Fiscal Year	2013
Fiscal Period	Q2
XBRL Instance	ctgo-20121231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 44 Income Statement 45 Cash Flow Statement 54 Stockholders Equity 16

Balance Sheet 44 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`	2.52M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	2.48M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	2.52M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	2.48M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$128.65K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.53M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$2.40M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$7.77M	USD	Point-in-time
Prepaid Expense and Other Assets, Current	`PrepaidExpenseAndOtherAssetsCurrent`	$90.23K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$138.03K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.63M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$7.90M	USD	Point-in-time
Mineral properties	`MineralPropertiesGross`	$1.21M	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`	$1.21M	USD	Point-in-time
Other	`OtherAssetsNoncurrent`	$225.00K	USD	Point-in-time
Other	`OtherAssetsNoncurrent`	$225.00K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$3.06M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$9.14M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$130.81K	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`	$25.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$155.81K	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`	$25.19K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$16.49M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$15.53M	USD	Point-in-time
Accumulated deficit during exploration stage	`RetainedEarningsAccumulatedDeficit`	$-13.61M	USD	Point-in-time
Accumulated deficit during exploration stage	`RetainedEarningsAccumulatedDeficit`	$-8.22M	USD	Point-in-time
SHAREHOLDERS EQUITY	`StockholdersEquity`	$7.34M	USD	Point-in-time
SHAREHOLDERS EQUITY	`StockholdersEquity`	$2.90M	USD	Point-in-time
SHAREHOLDERS EQUITY	`StockholdersEquity`	$3.40M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$9.14M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$3.06M	USD	Point-in-time

Income Statement 45 line items

Line Item	Tag	Value	Unit	Period
Claim rentals and minimum royalties	`CarryingCostsPropertyAndExplorationRights`	$31.68K	USD	1 Quarter
Claim rentals and minimum royalties	`CarryingCostsPropertyAndExplorationRights`	$772.22K	USD	13 Qtrs
Claim rentals and minimum royalties	`CarryingCostsPropertyAndExplorationRights`	$87.30K	USD	1 Quarter
Claim rentals and minimum royalties	`CarryingCostsPropertyAndExplorationRights`	$99.29K	USD	2 Qtrs
Claim rentals and minimum royalties	`CarryingCostsPropertyAndExplorationRights`	$171.44K	USD	2 Qtrs
Exploration expenses	`ExplorationExpenseMining`	$4.20M	USD	2 Qtrs
Exploration expenses	`ExplorationExpenseMining`	$10.85M	USD	13 Qtrs
Exploration expenses	`ExplorationExpenseMining`	$284.08K	USD	1 Quarter
Exploration expenses	`ExplorationExpenseMining`	$459.24K	USD	1 Quarter
Exploration expenses	`ExplorationExpenseMining`	$1.70M	USD	2 Qtrs
Other operating expenses	`OtherCostAndExpenseOperating`	-	USD	1 Quarter
Other operating expenses	`OtherCostAndExpenseOperating`	-	USD	2 Qtrs
Other operating expenses	`OtherCostAndExpenseOperating`	$146.55K	USD	13 Qtrs
Other operating expenses	`OtherCostAndExpenseOperating`	$10.70K	USD	2 Qtrs
Other operating expenses	`OtherCostAndExpenseOperating`	$10.70K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensationExpense`	$115.98K	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensationExpense`	$730.62K	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensationExpense`	$504.46K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensationExpense`	$987.19K	USD	13 Qtrs
Stock-based compensation expense	`ShareBasedCompensationExpense`	$38.45K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$166.07K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$145.39K	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$858.76K	USD	13 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$369.05K	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$71.94K	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$2.14M	USD	2 Qtrs
Total expenses	`CostsAndExpenses`	$492.48K	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$13.61M	USD	13 Qtrs
Total expenses	`CostsAndExpenses`	$5.40M	USD	2 Qtrs
Total expenses	`CostsAndExpenses`	$1.16M	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-1.16M	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-492.48K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-5.40M	USD	2 Qtrs
NET LOSS	`NetIncomeLoss`	$-13.61M	USD	13 Qtrs
NET LOSS	`NetIncomeLoss`	$-2.14M	USD	2 Qtrs
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.46	USD	1 Quarter
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-2.17	USD	2 Qtrs
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-1.36	USD	2 Qtrs
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.31	USD	1 Quarter
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-7.62	USD	13 Qtrs
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	2.49M	shares	2 Qtrs
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	1.57M	shares	2 Qtrs
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	2.50M	shares	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	1.58M	shares	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	1.79M	shares	13 Qtrs

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-1.16M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-492.48K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-5.40M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-13.61M	USD	13 Qtrs
Net loss	`NetIncomeLoss`	$-2.14M	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$150.26K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$1.30M	USD	13 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$965.85K	USD	2 Qtrs
Decrease (increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$27.52K	USD	2 Qtrs
Decrease (increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-47.80K	USD	2 Qtrs
Decrease (increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$83.03K	USD	13 Qtrs
Increase in accounts payable and other accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-496.54K	USD	2 Qtrs
Increase in accounts payable and other accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.65M	USD	2 Qtrs
Increase in accounts payable and other accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$148.61K	USD	13 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-6.03M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.52M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-12.25M	USD	13 Qtrs
Acquisition of other assets	`PaymentsToAcquireOtherProductiveAssets`	-	USD	2 Qtrs
Acquisition of other assets	`PaymentsToAcquireOtherProductiveAssets`	$150.00K	USD	2 Qtrs
Acquisition of other assets	`PaymentsToAcquireOtherProductiveAssets`	$225.00K	USD	13 Qtrs
Acquisition of properties	`PaymentsToAcquireMiningAssets`	$1.21M	USD	13 Qtrs
Acquisition of properties	`PaymentsToAcquireMiningAssets`	-	USD	2 Qtrs
Acquisition of properties	`PaymentsToAcquireMiningAssets`	$200.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-200.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-150.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.43M	USD	13 Qtrs
Shareholders contributions	`ProceedsFromContributionsFromParent`	-	USD	2 Qtrs
Shareholders contributions	`ProceedsFromContributionsFromParent`	$6.78M	USD	13 Qtrs
Shareholders contributions	`ProceedsFromContributionsFromParent`	-	USD	2 Qtrs
Common stock issuance, net	`ProceedsFromIssuanceOfCommonStock`	-	USD	2 Qtrs
Common stock issuance, net	`ProceedsFromIssuanceOfCommonStock`	-	USD	2 Qtrs
Common stock issuance, net	`ProceedsFromIssuanceOfCommonStock`	$8.43M	USD	13 Qtrs
Short-term borrowings	`ProceedsFromRepaymentsOfShortTermDebt`	$400.00K	USD	2 Qtrs
Short-term borrowings	`ProceedsFromRepaymentsOfShortTermDebt`	-	USD	2 Qtrs
Short-term borrowings	`ProceedsFromRepaymentsOfShortTermDebt`	$500.00K	USD	13 Qtrs
Repayment of short-term borrowings	`RepaymentsOfShortTermDebt`	$500.00K	USD	13 Qtrs
Repayment of short-term borrowings	`RepaymentsOfShortTermDebt`	-	USD	2 Qtrs
Repayment of short-term borrowings	`RepaymentsOfShortTermDebt`	-	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$400.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$15.22M	USD	13 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	2 Qtrs
NET INCREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.27M	USD	2 Qtrs
NET INCREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-6.23M	USD	2 Qtrs
NET INCREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.53M	USD	13 Qtrs
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$128.65K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$1.53M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$2.40M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$7.77M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$128.65K	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$1.53M	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`	-	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$7.77M	USD	Point-in-time

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$7.34M	USD	Point-in-time
Balance	`StockholdersEquity`	$2.90M	USD	Point-in-time
Balance	`StockholdersEquity`	$3.40M	USD	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	2.52M	shares	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	2.48M	shares	Point-in-time
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$664.54K	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$301.31K	USD	2 Qtrs
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period	`ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod`	39,126.00	shares	1 Quarter
Shares vested	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	-	USD	1 Quarter
Net loss for the period	`ProfitLoss`	$-4.24M	USD	2 Qtrs
Net loss for the period	`ProfitLoss`	$-1.16M	USD	1 Quarter
Balance	`StockholdersEquity`	$7.34M	USD	Point-in-time
Balance	`StockholdersEquity`	$2.90M	USD	Point-in-time
Balance	`StockholdersEquity`	$3.40M	USD	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	2.52M	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.