10-K Filing

Contango ORE, Inc. CIK: 1502377 FY 2015

Filing Information

Form Type	10-K
Accession Number	`0001502377-15-000016`
Period End Date	20150630
Filing Date	20151013
Fiscal Year	2015
Fiscal Period	FY
XBRL Instance	ctgo-20150630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 51 Income Statement 31 Cash Flow Statement 52 Stockholders Equity 24

Balance Sheet 51 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, 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
Cash	`CashAndCashEquivalentsAtCarryingValue`	$13.03M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.95M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$3.45M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	3.88M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$7.77M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	3.81M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$98.91K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	3.88M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$67.38K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.01M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.55M	USD	Point-in-time
Mineral properties	`MineralPropertiesGross`	-	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`	-	USD	Point-in-time
Total property and equipment, net	`MineralPropertiesNet`	$1.21M	USD	Point-in-time
Equity Method Investments	`EquityMethodInvestments`	-	USD	Point-in-time
Equity Method Investments	`EquityMethodInvestments`	-	USD	Point-in-time
Other	`OtherAssetsNoncurrent`	$225.00K	USD	Point-in-time
Other	`OtherAssetsNoncurrent`	-	USD	Point-in-time
TOTAL ASSETS	`Assets`	$4.98M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$2.01M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$140.13K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$24.88K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$78.10K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$46.50K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$186.63K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$102.98K	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES (NOTE 12)	`CommitmentsAndContingencies`	-	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES (NOTE 12)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred Stock, Value, Outstanding	`PreferredStockValueOutstanding`	-	USD	Point-in-time
Preferred Stock, Value, Outstanding	`PreferredStockValueOutstanding`	-	USD	Point-in-time
Common Stock, $0.01 par value, 30,000,000 shares authorized; 3,876,206 shares issued and outstanding at June 30, 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 June 30, 2015; 3,805,539 shares issued and outstanding at June 30, 2014	`CommonStockValue`	$38.05K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$32.20M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$32.93M	USD	Point-in-time
Accumulated deficit during exploration stage	`RetainedEarningsAccumulatedDeficit`	$-31.06M	USD	Point-in-time
Accumulated deficit during exploration stage	`RetainedEarningsAccumulatedDeficit`	$-27.45M	USD	Point-in-time
SHAREHOLDERS EQUITY	`StockholdersEquity`	$7.34M	USD	Point-in-time
SHAREHOLDERS EQUITY	`StockholdersEquity`	$4.79M	USD	Point-in-time
SHAREHOLDERS EQUITY	`StockholdersEquity`	$1.91M	USD	Point-in-time
SHAREHOLDERS EQUITY	`StockholdersEquity`	$12.81M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$2.01M	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`	$171.44K	USD	Annual
Claim rentals and minimum royalties	`CarryingCostsPropertyAndExplorationRights`	$179.39K	USD	Annual
Claim rentals and minimum royalties	`CarryingCostsPropertyAndExplorationRights`	$129.14K	USD	Annual
Exploration expenses	`ExplorationExpenseMining`	$363.46K	USD	Annual
Exploration expenses	`ExplorationExpenseMining`	$7.00M	USD	Annual
Exploration expenses	`ExplorationExpenseMining`	$8.07M	USD	Annual
Stock-based compensation expense	`ShareBasedCompensationExpense`	$1.13M	USD	Annual
Stock-based compensation expense	`ShareBasedCompensationExpense`	$483.08K	USD	Annual
Stock-based compensation expense	`ShareBasedCompensationExpense`	$812.70K	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$662.14K	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$1.21M	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$1.95M	USD	Annual
Expense reimbursement	`Expensereimbursement`	-	USD	Annual
Expense reimbursement	`Expensereimbursement`	-	USD	Annual
Expense reimbursement	`Expensereimbursement`	$750.00K	USD	Annual
Total expenses	`CostsAndExpenses`	$10.03M	USD	Annual
Total expenses	`CostsAndExpenses`	$9.20M	USD	Annual
Total expenses	`CostsAndExpenses`	$2.17M	USD	Annual
Income (Loss) from Equity Method Investments	`IncomeLossFromEquityMethodInvestments`	-	USD	Annual
Income (Loss) from Equity Method Investments	`IncomeLossFromEquityMethodInvestments`	$2.30M	USD	2 Qtrs
Income (Loss) from Equity Method Investments	`IncomeLossFromEquityMethodInvestments`	$-1.43M	USD	Annual
Income (Loss) from Equity Method Investments	`IncomeLossFromEquityMethodInvestments`	-	USD	Annual
Net Income (Loss) Attributable to Parent	`NetIncomeLoss`	$-10.03M	USD	Annual
Net Income (Loss) Attributable to Parent	`NetIncomeLoss`	$-3.61M	USD	Annual
Net Income (Loss) Attributable to Parent	`NetIncomeLoss`	$-9.20M	USD	Annual
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-3.54	USD	Annual
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-2.43	USD	Annual
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.94	USD	Annual
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	3.84M	shares	Annual
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	2.84M	shares	Annual
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	3.78M	shares	Annual

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net Income (Loss) Attributable to Parent	`NetIncomeLoss`	$-10.03M	USD	Annual
Net Income (Loss) Attributable to Parent	`NetIncomeLoss`	$-3.61M	USD	Annual
Net Income (Loss) Attributable to Parent	`NetIncomeLoss`	$-9.20M	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$1.18M	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$1.48M	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$724.74K	USD	Annual
Income (Loss) from Equity Method Investments	`IncomeLossFromEquityMethodInvestments`	-	USD	Annual
Income (Loss) from Equity Method Investments	`IncomeLossFromEquityMethodInvestments`	$2.30M	USD	2 Qtrs
Income (Loss) from Equity Method Investments	`IncomeLossFromEquityMethodInvestments`	$-1.43M	USD	Annual
Income (Loss) from Equity Method Investments	`IncomeLossFromEquityMethodInvestments`	-	USD	Annual
Decrease (increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-3.63K	USD	Annual
Decrease (increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-31.52K	USD	Annual
Decrease (increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-35.50K	USD	Annual
Increase in accounts payable and other accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-83.65K	USD	Annual
Increase in accounts payable and other accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-51.30K	USD	Annual
Increase in accounts payable and other accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.56M	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-9.58M	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.50M	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-8.57M	USD	Annual
Payments to Acquire Notes Receivable	`PaymentsToAcquireNotesReceivable`	-	USD	Annual
Payments to Acquire Notes Receivable	`PaymentsToAcquireNotesReceivable`	-	USD	Annual
Payments to Acquire Notes Receivable	`PaymentsToAcquireNotesReceivable`	$100.00K	USD	Annual
Proceeds from Collection of Notes Receivable	`ProceedsFromCollectionOfNotesReceivable`	$100.00K	USD	Annual
Proceeds from Collection of Notes Receivable	`ProceedsFromCollectionOfNotesReceivable`	-	USD	Annual
Proceeds from Collection of Notes Receivable	`ProceedsFromCollectionOfNotesReceivable`	-	USD	Annual
Acquisition of properties	`PaymentsToAcquireMiningAssets`	-	USD	Annual
Acquisition of properties	`PaymentsToAcquireMiningAssets`	-	USD	Annual
Acquisition of properties	`PaymentsToAcquireMiningAssets`	$200.00K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-200.00K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	Annual
Short-term borrowings	`ProceedsFromRepaymentsOfShortTermDebt`	$14.03M	USD	Annual
Short-term borrowings	`ProceedsFromRepaymentsOfShortTermDebt`	-	USD	Annual
Short-term borrowings	`ProceedsFromRepaymentsOfShortTermDebt`	-	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$14.03M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	Annual
NET INCREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.50M	USD	Annual
NET INCREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$5.26M	USD	Annual
NET INCREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-9.58M	USD	Annual
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$13.03M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$1.95M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$3.45M	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`	$13.03M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$1.95M	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`	$7.77M	USD	Point-in-time
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$1.40M	USD	Point-in-time
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	-	USD	Point-in-time
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	$1.43M	USD	Point-in-time
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures	`InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures`	-	USD	Point-in-time

Stockholders Equity 24 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$7.34M	USD	Point-in-time
Balance	`StockholdersEquity`	$4.79M	USD	Point-in-time
Balance	`StockholdersEquity`	$1.91M	USD	Point-in-time
Balance	`StockholdersEquity`	$12.81M	USD	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	3.81M	shares	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	3.88M	shares	Point-in-time
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.48M	USD	Annual
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.18M	USD	Annual
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$724.74K	USD	Annual
Issuance of new shares, net	`StockIssuedDuringPeriodValueNewIssues`	$9.94M	USD	Annual
Adjustments to Additional Paid in Capital, Warrant Issued	`AdjustmentsToAdditionalPaidInCapitalWarrantIssued`	$4.83M	USD	Annual
Adjustments to Additional Paid in Capital, Stock Issued, Issuance Costs	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$-743.87K	USD	Annual
Net loss for the period	`ProfitLoss`	$-9.20M	USD	Annual
Net loss for the period	`ProfitLoss`	$-10.03M	USD	Annual
Net loss for the period	`ProfitLoss`	$-3.61M	USD	Annual
Balance	`StockholdersEquity`	$7.34M	USD	Point-in-time
Balance	`StockholdersEquity`	$4.79M	USD	Point-in-time
Balance	`StockholdersEquity`	$1.91M	USD	Point-in-time
Balance	`StockholdersEquity`	$12.81M	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	Annual
Stock Issued During Period, Value, Stock Options Exercised	`StockIssuedDuringPeriodValueStockOptionsExercised`	$707.00	USD	Annual
Adjustments to Additional Paid in Capital, Share-based Compensation and Exercise of Stock Options	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions`	$-707.00	USD	Annual

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