10-Q Filing

Contango ORE, Inc. CIK: 1502377 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001502377-15-000020`
Period End Date	20150930
Filing Date	20151112
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	ctgo-20150930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 38 Income Statement 18 Cash Flow Statement 24 Stockholders Equity 12

Balance Sheet 38 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`	3.90M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	3.90M	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`	$1.95M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.78M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$2.67M	USD	Point-in-time
Prepaid Expense, Current	`PrepaidExpenseCurrent`	$36.30K	USD	Point-in-time
Prepaid Expense, Current	`PrepaidExpenseCurrent`	$67.38K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.82M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.01M	USD	Point-in-time
Equity Method Investments	`EquityMethodInvestments`	-	USD	Point-in-time
Equity Method Investments	`EquityMethodInvestments`	-	USD	Point-in-time
Other Assets, Noncurrent	`OtherAssetsNoncurrent`	-	USD	Point-in-time
Other Assets, Noncurrent	`OtherAssetsNoncurrent`	-	USD	Point-in-time
TOTAL ASSETS	`Assets`	$1.82M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$2.01M	USD	Point-in-time
Accounts Payable, Current	`AccountsPayableCurrent`	$9.06K	USD	Point-in-time
Accounts Payable, Current	`AccountsPayableCurrent`	$24.88K	USD	Point-in-time
Accrued Liabilities, Current	`AccruedLiabilitiesCurrent`	$78.10K	USD	Point-in-time
Accrued Liabilities, Current	`AccruedLiabilitiesCurrent`	$129.13K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$102.98K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$138.19K	USD	Point-in-time
Common Stock, $0.01 par value, 30,000,000 shares authorized; 3,904,540 shares issued and outstanding at September 30, 2015; 3,876,206 shares issued and outstanding at June 30, 2015	`CommonStockValue`	$39.05K	USD	Point-in-time
Common Stock, $0.01 par value, 30,000,000 shares authorized; 3,904,540 shares issued and outstanding at September 30, 2015; 3,876,206 shares issued and outstanding at June 30, 2015	`CommonStockValue`	$38.76K	USD	Point-in-time
Additional Paid in Capital, Common Stock	`AdditionalPaidInCapitalCommonStock`	$33.15M	USD	Point-in-time
Additional Paid in Capital, Common Stock	`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`	$-31.51M	USD	Point-in-time
SHAREHOLDERS EQUITY	`StockholdersEquity`	$1.91M	USD	Point-in-time
SHAREHOLDERS EQUITY	`StockholdersEquity`	$1.68M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$1.82M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$2.01M	USD	Point-in-time

Income Statement 18 line items

Line Item	Tag	Value	Unit	Period
Claim rentals and minimum royalties	`CarryingCostsPropertyAndExplorationRights`	$39.02K	USD	1 Quarter
Claim rentals and minimum royalties	`CarryingCostsPropertyAndExplorationRights`	$14.43K	USD	1 Quarter
Exploration Expense, Mining	`ExplorationExpenseMining`	-	USD	1 Quarter
Exploration Expense, Mining	`ExplorationExpenseMining`	$100.59K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$897.56K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$436.07K	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$450.49K	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$1.04M	USD	1 Quarter
Income (Loss) from Equity Method Investments	`IncomeLossFromEquityMethodInvestments`	$-1.43M	USD	Annual
Income (Loss) from Equity Method Investments	`IncomeLossFromEquityMethodInvestments`	$5.60M	USD	3 Qtrs
Income (Loss) from Equity Method Investments	`IncomeLossFromEquityMethodInvestments`	-	USD	1 Quarter
Income (Loss) from Equity Method Investments	`IncomeLossFromEquityMethodInvestments`	-	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-1.04M	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-450.49K	USD	1 Quarter
Earnings Per Share, Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$0.27	USD	1 Quarter
Earnings Per Share, Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$0.12	USD	1 Quarter
Weighted Average Number of Shares Outstanding, Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	3.88M	shares	1 Quarter
Weighted Average Number of Shares Outstanding, Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	3.81M	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`	$-450.49K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$220.62K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$169.85K	USD	1 Quarter
Income (Loss) from Equity Method Investments	`IncomeLossFromEquityMethodInvestments`	$-1.43M	USD	Annual
Income (Loss) from Equity Method Investments	`IncomeLossFromEquityMethodInvestments`	$5.60M	USD	3 Qtrs
Income (Loss) from Equity Method Investments	`IncomeLossFromEquityMethodInvestments`	-	USD	1 Quarter
Income (Loss) from Equity Method Investments	`IncomeLossFromEquityMethodInvestments`	-	USD	1 Quarter
Decrease (increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-31.09K	USD	1 Quarter
Decrease (increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-45.33K	USD	1 Quarter
Increase (Decrease) in Accounts Payable and Accrued Liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$35.21K	USD	1 Quarter
Increase (Decrease) in Accounts Payable and Accrued Liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$41.81K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-780.18K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-163.57K	USD	1 Quarter
NET INCREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-780.18K	USD	1 Quarter
NET INCREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-163.57K	USD	1 Quarter
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$3.45M	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`	$1.78M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$2.67M	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`	$1.95M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$1.78M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$2.67M	USD	Point-in-time

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$1.91M	USD	Point-in-time
Balance	`StockholdersEquity`	$1.68M	USD	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	3.90M	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`	28,334.00	shares	1 Quarter
Stock Issued During Period, Value, Stock Options Exercised	`StockIssuedDuringPeriodValueStockOptionsExercised`	$283.00	USD	1 Quarter
Adjustments to Additional Paid in Capital, Share-based Compensation and Exercise of Stock Options	`StockIssuedDuringPeriodValueShareBasedCompensationGross`	$220.62K	USD	1 Quarter
Shares vested	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	$-283.00	USD	1 Quarter
Balance	`StockholdersEquity`	$1.91M	USD	Point-in-time
Balance	`StockholdersEquity`	$1.68M	USD	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	3.90M	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.