10-Q Filing

Contango ORE, Inc. CIK: 1502377 Q2 2015

Filing Information

Form Type	10-Q
Accession Number	`0001502377-15-000005`
Period End Date	20141231
Filing Date	20150206
Fiscal Year	2015
Fiscal Period	Q2
XBRL Instance	ctgo-20141231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 42 Income Statement 31 Cash Flow Statement 27 Stockholders Equity 14

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`	3.85M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	3.85M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	3.81M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$2.13M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$4.38M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$13.03M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$3.45M	USD	Point-in-time
Prepaid Expense, Current	`PrepaidExpenseCurrent`	$185.96K	USD	Point-in-time
Prepaid Expense, Current	`PrepaidExpenseCurrent`	$98.91K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.32M	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`	$4.98M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$3.75M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$140.13K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$255.72K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$20.09K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$46.50K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$275.82K	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; 3,846,206 shares issued and outstanding at December 31, 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; 3,846,206 shares issued and outstanding at December 31, 2014; 3,805,539 shares issued and outstanding at June 30, 2014	`CommonStockValue`	$38.46K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$32.20M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$32.58M	USD	Point-in-time
Accumulated deficit during exploration stage	`RetainedEarningsAccumulatedDeficit`	$-29.15M	USD	Point-in-time
Accumulated deficit during exploration stage	`RetainedEarningsAccumulatedDeficit`	$-27.45M	USD	Point-in-time
SHAREHOLDERS EQUITY	`StockholdersEquity`	$3.47M	USD	Point-in-time
SHAREHOLDERS EQUITY	`StockholdersEquity`	$4.79M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$3.75M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$4.98M	USD	Point-in-time

Income Statement 31 line items

Line Item	Tag	Value	Unit	Period
Claim rentals and minimum royalties	`CarryingCostsPropertyAndExplorationRights`	$39.61K	USD	1 Quarter
Claim rentals and minimum royalties	`CarryingCostsPropertyAndExplorationRights`	$100.24K	USD	2 Qtrs
Claim rentals and minimum royalties	`CarryingCostsPropertyAndExplorationRights`	$41.22K	USD	1 Quarter
Claim rentals and minimum royalties	`CarryingCostsPropertyAndExplorationRights`	$80.24K	USD	2 Qtrs
Exploration expenses	`ExplorationExpenseMining`	$214.50K	USD	2 Qtrs
Exploration expenses	`ExplorationExpenseMining`	$113.91K	USD	1 Quarter
Exploration expenses	`ExplorationExpenseMining`	$6.52M	USD	2 Qtrs
Exploration expenses	`ExplorationExpenseMining`	$988.73K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensationExpense`	$566.80K	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensationExpense`	$314.20K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensationExpense`	$272.04K	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensationExpense`	$159.19K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$270.96K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$605.13K	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$346.93K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$1.13M	USD	2 Qtrs
Total expenses	`CostsAndExpenses`	$7.79M	USD	2 Qtrs
Total expenses	`CostsAndExpenses`	$1.70M	USD	2 Qtrs
Total expenses	`CostsAndExpenses`	$661.25K	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$1.61M	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-7.79M	USD	2 Qtrs
NET LOSS	`NetIncomeLoss`	$-1.70M	USD	2 Qtrs
NET LOSS	`NetIncomeLoss`	$-1.61M	USD	1 Quarter
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.17	USD	1 Quarter
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$2.07	USD	2 Qtrs
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.45	USD	2 Qtrs
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.43	USD	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	3.76M	shares	2 Qtrs
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	3.81M	shares	2 Qtrs
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	3.77M	shares	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	3.82M	shares	1 Quarter

Cash Flow Statement 27 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-7.79M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-1.70M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-1.61M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$377.28K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$793.74K	USD	2 Qtrs
Decrease (increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$47.15K	USD	2 Qtrs
Decrease (increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$87.05K	USD	2 Qtrs
Increase in accounts payable and other accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$89.18K	USD	2 Qtrs
Increase in accounts payable and other accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.60M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.32M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-8.65M	USD	2 Qtrs
Payments to Acquire Notes Receivable	`PaymentsToAcquireNotesReceivable`	-	USD	2 Qtrs
Payments to Acquire Notes Receivable	`PaymentsToAcquireNotesReceivable`	$100.00K	USD	2 Qtrs
Proceeds from Collection of Notes Receivable	`ProceedsFromCollectionOfNotesReceivable`	$100.00K	USD	2 Qtrs
Proceeds from Collection of Notes Receivable	`ProceedsFromCollectionOfNotesReceivable`	-	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	2 Qtrs
NET INCREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-8.65M	USD	2 Qtrs
NET INCREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.32M	USD	2 Qtrs
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$2.13M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$4.38M	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`	$2.13M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$4.38M	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 14 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$3.47M	USD	Point-in-time
Balance	`StockholdersEquity`	$4.79M	USD	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	3.85M	shares	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	3.81M	shares	Point-in-time
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period	`StockIssuedDuringPeriodSharesStockOptionsExercised`	40,667.00	shares	2 Qtrs
Stock Issued During Period, Value, Stock Options Exercised	`StockIssuedDuringPeriodValueStockOptionsExercised`	$407.00	USD	2 Qtrs
Adjustments to Additional Paid in Capital, Share-based Compensation and Exercise of Stock Options	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions`	$-407.00	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-7.79M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-1.70M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-1.61M	USD	1 Quarter
Balance	`StockholdersEquity`	$3.47M	USD	Point-in-time
Balance	`StockholdersEquity`	$4.79M	USD	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	3.85M	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.