10-Q Filing

Contango ORE, Inc. CIK: 1502377 Q3 2015

Filing Information

Form Type	10-Q
Accession Number	`0001502377-15-000008`
Period End Date	20150331
Filing Date	20150515
Fiscal Year	2015
Fiscal Period	Q3
XBRL Instance	ctgo-20150331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 48 Income Statement 40 Cash Flow Statement 34 Stockholders Equity 15

Balance Sheet 48 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`	3.88M	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`	3.88M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$3.45M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$13.03M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$3.94M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$2.06M	USD	Point-in-time
Restricted Cash and Cash Equivalents, Current	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$4.99M	USD	Point-in-time
Restricted Cash and Cash Equivalents, Current	`RestrictedCashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Prepaid Expense, Current	`PrepaidExpenseCurrent`	$98.91K	USD	Point-in-time
Prepaid Expense, Current	`PrepaidExpenseCurrent`	$141.10K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.55M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$7.18M	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 Assets, Miscellaneous, Noncurrent	`OtherAssetsMiscellaneousNoncurrent`	$225.00K	USD	Point-in-time
Other Assets, Miscellaneous, Noncurrent	`OtherAssetsMiscellaneousNoncurrent`	$225.00K	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`	$8.62M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$171.03K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$140.13K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$46.50K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$55.80K	USD	Point-in-time
deferred liability	`Deferredliability`	$5.00M	USD	Point-in-time
deferred liability	`Deferredliability`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$186.63K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$5.23M	USD	Point-in-time
Common Stock, $0.01 par value, 30,000,000 shares authorized; 3,876,206 shares issued and outstanding at March 31, 2015; 3,805,539 shares issued and outstanding at June 30, 2014	`CommonStockValue`	$38.76K	USD	Point-in-time
Common Stock, $0.01 par value, 30,000,000 shares authorized; 3,876,206 shares issued and outstanding at March 31, 2015; 3,805,539 shares issued and outstanding at June 30, 2014	`CommonStockValue`	$38.05K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$32.84M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$32.20M	USD	Point-in-time
Accumulated deficit during exploration stage	`RetainedEarningsAccumulatedDeficit`	$-27.45M	USD	Point-in-time
Accumulated deficit during exploration stage	`RetainedEarningsAccumulatedDeficit`	$-29.49M	USD	Point-in-time
SHAREHOLDERS EQUITY	`StockholdersEquity`	$3.39M	USD	Point-in-time
SHAREHOLDERS EQUITY	`StockholdersEquity`	$4.79M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$8.62M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$4.98M	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Reimbursement Revenue	`ReimbursementRevenue`	-	USD	1 Quarter
Reimbursement Revenue	`ReimbursementRevenue`	$750.00K	USD	1 Quarter
Reimbursement Revenue	`ReimbursementRevenue`	-	USD	3 Qtrs
Reimbursement Revenue	`ReimbursementRevenue`	$750.00K	USD	3 Qtrs
Revenue, Net	`SalesRevenueNet`	-	USD	1 Quarter
Revenue, Net	`SalesRevenueNet`	$750.00K	USD	3 Qtrs
Revenue, Net	`SalesRevenueNet`	-	USD	3 Qtrs
Revenue, Net	`SalesRevenueNet`	$750.00K	USD	1 Quarter
Claim rentals and minimum royalties	`CarryingCostsPropertyAndExplorationRights`	$40.39K	USD	1 Quarter
Claim rentals and minimum royalties	`CarryingCostsPropertyAndExplorationRights`	$139.82K	USD	3 Qtrs
Claim rentals and minimum royalties	`CarryingCostsPropertyAndExplorationRights`	$120.62K	USD	3 Qtrs
Claim rentals and minimum royalties	`CarryingCostsPropertyAndExplorationRights`	$39.58K	USD	1 Quarter
Exploration expenses	`ExplorationExpenseMining`	$492.89K	USD	3 Qtrs
Exploration expenses	`ExplorationExpenseMining`	$214.60K	USD	1 Quarter
Exploration expenses	`ExplorationExpenseMining`	$278.39K	USD	1 Quarter
Exploration expenses	`ExplorationExpenseMining`	$6.73M	USD	3 Qtrs
Stock-based compensation expense	`ShareBasedCompensationExpense`	$127.03K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensationExpense`	$122.95K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensationExpense`	$399.07K	USD	3 Qtrs
Stock-based compensation expense	`ShareBasedCompensationExpense`	$689.75K	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$302.40K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$650.38K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$1.78M	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$907.53K	USD	3 Qtrs
Total expenses	`CostsAndExpenses`	$679.52K	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$8.47M	USD	3 Qtrs
Total expenses	`CostsAndExpenses`	$2.79M	USD	3 Qtrs
Total expenses	`CostsAndExpenses`	$1.10M	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-679.52K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-2.04M	USD	3 Qtrs
NET LOSS	`NetIncomeLoss`	$-8.47M	USD	3 Qtrs
NET LOSS	`NetIncomeLoss`	$-346.19K	USD	1 Quarter
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.53	USD	3 Qtrs
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.09	USD	1 Quarter
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.18	USD	1 Quarter
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$2.24	USD	3 Qtrs
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	3.81M	shares	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	3.77M	shares	3 Qtrs
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	3.87M	shares	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	3.83M	shares	3 Qtrs

Cash Flow Statement 34 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-679.52K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.04M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-8.47M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-346.19K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$640.73K	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$986.32K	USD	3 Qtrs
Decrease (increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-7.77K	USD	3 Qtrs
Decrease (increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$42.19K	USD	3 Qtrs
Increase in accounts payable and other accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$40.19K	USD	3 Qtrs
Increase in accounts payable and other accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.61M	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-9.09M	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.41M	USD	3 Qtrs
Payments to Acquire Notes Receivable	`PaymentsToAcquireNotesReceivable`	-	USD	3 Qtrs
Payments to Acquire Notes Receivable	`PaymentsToAcquireNotesReceivable`	$100.00K	USD	3 Qtrs
Proceeds from Collection of Notes Receivable	`ProceedsFromCollectionOfNotesReceivable`	-	USD	3 Qtrs
Proceeds from Collection of Notes Receivable	`ProceedsFromCollectionOfNotesReceivable`	$100.00K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	3 Qtrs
Proceeds from (Repayments of) Restricted Cash, Financing Activities	`ProceedsFromRepaymentsOfRestrictedCashFinancingActivities`	$-4.99M	USD	3 Qtrs
Proceeds from (Repayments of) Restricted Cash, Financing Activities	`ProceedsFromRepaymentsOfRestrictedCashFinancingActivities`	-	USD	3 Qtrs
Proceeds from Other Debt	`ProceedsFromOtherDebt`	$5.00M	USD	3 Qtrs
Proceeds from Other Debt	`ProceedsFromOtherDebt`	-	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$14.76K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	3 Qtrs
NET INCREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.39M	USD	3 Qtrs
NET INCREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-9.09M	USD	3 Qtrs
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$3.45M	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`	$3.94M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$2.06M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$3.45M	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`	$3.94M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$2.06M	USD	Point-in-time

Stockholders Equity 15 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$3.39M	USD	Point-in-time
Balance	`StockholdersEquity`	$4.79M	USD	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	3.81M	shares	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	3.88M	shares	Point-in-time
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period	`StockIssuedDuringPeriodSharesStockOptionsExercised`	70,667.00	shares	3 Qtrs
Stock Issued During Period, Value, Stock Options Exercised	`StockIssuedDuringPeriodValueStockOptionsExercised`	$707.00	USD	3 Qtrs
Adjustments to Additional Paid in Capital, Share-based Compensation and Exercise of Stock Options	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions`	$-707.00	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-679.52K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-2.04M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-8.47M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-346.19K	USD	1 Quarter
Balance	`StockholdersEquity`	$3.39M	USD	Point-in-time
Balance	`StockholdersEquity`	$4.79M	USD	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	3.81M	shares	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	3.88M	shares	Point-in-time

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