10-Q Filing

Contango ORE, Inc. CIK: 1502377 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0001502377-14-000011`
Period End Date	20140930
Filing Date	20141112
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	ctgo-20140930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 42 Income Statement 16 Cash Flow Statement 24 Stockholders Equity 12

Balance Sheet 42 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`	3.81M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	3.81M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	3.81M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	3.81M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$9.32M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$2.67M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$13.03M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$3.45M	USD	Point-in-time
Prepaid Expense, Current	`PrepaidExpenseCurrent`	$98.91K	USD	Point-in-time
Prepaid Expense, Current	`PrepaidExpenseCurrent`	$53.58K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.72M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.55M	USD	Point-in-time
Mineral properties	`MineralPropertiesGross`	$1.21M	USD	Point-in-time
Mineral properties	`MineralPropertiesGross`	$1.21M	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`	$1.21M	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`	$4.16M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$4.98M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$140.13K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$209.19K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$19.26K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$46.50K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$228.45K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$186.63K	USD	Point-in-time
Common Stock, $0.01 par value, 30,000,000 shares authorized; 3,805,539 shares issued and outstanding at September 30, 2014; 3,805,539 shares issued and outstanding at June 30, 2014	`CommonStockValue`	$38.05K	USD	Point-in-time
Common Stock, $0.01 par value, 30,000,000 shares authorized; 3,805,539 shares issued and outstanding at September 30, 2014; 3,805,539 shares issued and outstanding at June 30, 2014	`CommonStockValue`	$38.05K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$32.37M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$32.20M	USD	Point-in-time
Accumulated deficit during exploration stage	`RetainedEarningsAccumulatedDeficit`	$-28.48M	USD	Point-in-time
Accumulated deficit during exploration stage	`RetainedEarningsAccumulatedDeficit`	$-27.45M	USD	Point-in-time
SHAREHOLDERS EQUITY	`StockholdersEquity`	$3.93M	USD	Point-in-time
SHAREHOLDERS EQUITY	`StockholdersEquity`	$4.79M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$4.98M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$4.16M	USD	Point-in-time

Income Statement 16 line items

Line Item	Tag	Value	Unit	Period
Claim rentals and minimum royalties	`CarryingCostsPropertyAndExplorationRights`	$60.63K	USD	1 Quarter
Claim rentals and minimum royalties	`CarryingCostsPropertyAndExplorationRights`	$39.02K	USD	1 Quarter
Exploration expenses	`ExplorationExpenseMining`	$5.53M	USD	1 Quarter
Exploration expenses	`ExplorationExpenseMining`	$100.59K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensationExpense`	$252.59K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensationExpense`	$112.85K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$784.71K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$334.17K	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$6.18M	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$1.04M	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-1.04M	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-6.18M	USD	1 Quarter
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.27	USD	1 Quarter
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$1.65	USD	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	3.81M	shares	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	3.75M	shares	1 Quarter

Cash Flow Statement 24 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-1.04M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-6.18M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$169.85K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$321.18K	USD	1 Quarter
Decrease (increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-45.33K	USD	1 Quarter
Decrease (increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-34.34K	USD	1 Quarter
Increase in accounts payable and other accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$41.81K	USD	1 Quarter
Increase in accounts payable and other accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$2.22M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-780.18K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-3.60M	USD	1 Quarter
Payments to Acquire Notes Receivable	`PaymentsToAcquireNotesReceivable`	$100.00K	USD	1 Quarter
Payments to Acquire Notes Receivable	`PaymentsToAcquireNotesReceivable`	-	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-100.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
NET INCREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-780.18K	USD	1 Quarter
NET INCREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-3.70M	USD	1 Quarter
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$9.32M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$2.67M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$13.03M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$3.45M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$9.32M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$2.67M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$13.03M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$3.45M	USD	Point-in-time

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$3.93M	USD	Point-in-time
Balance	`StockholdersEquity`	$4.79M	USD	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	3.81M	shares	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	3.81M	shares	Point-in-time
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$169.85K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.04M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-6.18M	USD	1 Quarter
Net loss for the period	`ProfitLoss`	$-1.04M	USD	1 Quarter
Balance	`StockholdersEquity`	$3.93M	USD	Point-in-time
Balance	`StockholdersEquity`	$4.79M	USD	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	3.81M	shares	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	3.81M	shares	Point-in-time

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