10-Q Filing

Contango ORE, Inc. CIK: 1502377 Q2 2016

Filing Information

Form Type	10-Q
Accession Number	`0001502377-16-000026`
Period End Date	20151231
Filing Date	20160204
Fiscal Year	2016
Fiscal Period	Q2
XBRL Instance	ctgo-20151231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 38 Income Statement 34 Cash Flow Statement 30 Stockholders Equity 13

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`	3.95M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	3.95M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	3.88M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.95M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$2.13M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.45M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$3.45M	USD	Point-in-time
Prepaid Expense, Current	`PrepaidExpenseCurrent`	$67.38K	USD	Point-in-time
Prepaid Expense, Current	`PrepaidExpenseCurrent`	$111.34K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.01M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.56M	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`	$1.56M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$2.01M	USD	Point-in-time
Accounts Payable, Current	`AccountsPayableCurrent`	$24.88K	USD	Point-in-time
Accounts Payable, Current	`AccountsPayableCurrent`	$32.12K	USD	Point-in-time
Accrued Liabilities, Current	`AccruedLiabilitiesCurrent`	$16.95K	USD	Point-in-time
Accrued Liabilities, Current	`AccruedLiabilitiesCurrent`	$78.10K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$102.98K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$49.07K	USD	Point-in-time
Common Stock, $0.01 par value, 30,000,000 shares authorized; 3,948,540 shares issued and outstanding at December 31, 2015; 3,876,206 shares issued and outstanding at June 30, 2015	`CommonStockValue`	$39.48K	USD	Point-in-time
Common Stock, $0.01 par value, 30,000,000 shares authorized; 3,948,540 shares issued and outstanding at December 31, 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`	$33.29M	USD	Point-in-time
Additional Paid in Capital, Common Stock	`AdditionalPaidInCapitalCommonStock`	$32.93M	USD	Point-in-time
Accumulated deficit during exploration stage	`RetainedEarningsAccumulatedDeficit`	$-31.82M	USD	Point-in-time
Accumulated deficit during exploration stage	`RetainedEarningsAccumulatedDeficit`	$-31.06M	USD	Point-in-time
SHAREHOLDERS EQUITY	`StockholdersEquity`	$1.51M	USD	Point-in-time
SHAREHOLDERS EQUITY	`StockholdersEquity`	$1.91M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$2.01M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$1.56M	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Claim rentals and minimum royalties	`CarryingCostsPropertyAndExplorationRights`	-	USD	1 Quarter
Claim rentals and minimum royalties	`CarryingCostsPropertyAndExplorationRights`	$80.24K	USD	2 Qtrs
Claim rentals and minimum royalties	`CarryingCostsPropertyAndExplorationRights`	$14.43K	USD	2 Qtrs
Claim rentals and minimum royalties	`CarryingCostsPropertyAndExplorationRights`	$41.22K	USD	1 Quarter
Exploration Expense, Mining	`ExplorationExpenseMining`	$113.91K	USD	1 Quarter
Exploration Expense, Mining	`ExplorationExpenseMining`	-	USD	1 Quarter
Exploration Expense, Mining	`ExplorationExpenseMining`	$214.50K	USD	2 Qtrs
Exploration Expense, Mining	`ExplorationExpenseMining`	-	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$1.40M	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$754.23K	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$318.16K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$506.12K	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$318.16K	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$768.65K	USD	2 Qtrs
Total expenses	`CostsAndExpenses`	$1.70M	USD	2 Qtrs
Total expenses	`CostsAndExpenses`	$661.25K	USD	1 Quarter
Income (Loss) from Equity Method Investments	`IncomeLossFromEquityMethodInvestments`	-	USD	1 Quarter
Income (Loss) from Equity Method Investments	`IncomeLossFromEquityMethodInvestments`	-	USD	2 Qtrs
Income (Loss) from Equity Method Investments	`IncomeLossFromEquityMethodInvestments`	$6.80M	USD	Annual
Income (Loss) from Equity Method Investments	`IncomeLossFromEquityMethodInvestments`	-	USD	2 Qtrs
Income (Loss) from Equity Method Investments	`IncomeLossFromEquityMethodInvestments`	$-1.43M	USD	Annual
Income (Loss) from Equity Method Investments	`IncomeLossFromEquityMethodInvestments`	-	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-768.65K	USD	2 Qtrs
NET LOSS	`NetIncomeLoss`	$-1.70M	USD	2 Qtrs
NET LOSS	`NetIncomeLoss`	$-661.25K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-318.16K	USD	1 Quarter
Earnings Per Share, Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$0.17	USD	1 Quarter
Earnings Per Share, Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$0.08	USD	1 Quarter
Earnings Per Share, Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$0.20	USD	2 Qtrs
Earnings Per Share, Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$0.45	USD	2 Qtrs
Weighted Average Number of Shares Outstanding, Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	3.81M	shares	2 Qtrs
Weighted Average Number of Shares Outstanding, Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	3.89M	shares	2 Qtrs
Weighted Average Number of Shares Outstanding, Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	3.92M	shares	1 Quarter
Weighted Average Number of Shares Outstanding, Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	3.82M	shares	1 Quarter

Cash Flow Statement 30 line items

Line Item	Tag	Value	Unit	Period
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`	$1.40M	USD	Point-in-time
NET LOSS	`NetIncomeLoss`	$-768.65K	USD	2 Qtrs
NET LOSS	`NetIncomeLoss`	$-1.70M	USD	2 Qtrs
NET LOSS	`NetIncomeLoss`	$-661.25K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-318.16K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$377.28K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$367.22K	USD	2 Qtrs
Income (Loss) from Equity Method Investments	`IncomeLossFromEquityMethodInvestments`	-	USD	1 Quarter
Income (Loss) from Equity Method Investments	`IncomeLossFromEquityMethodInvestments`	-	USD	2 Qtrs
Income (Loss) from Equity Method Investments	`IncomeLossFromEquityMethodInvestments`	$6.80M	USD	Annual
Income (Loss) from Equity Method Investments	`IncomeLossFromEquityMethodInvestments`	-	USD	2 Qtrs
Income (Loss) from Equity Method Investments	`IncomeLossFromEquityMethodInvestments`	$-1.43M	USD	Annual
Income (Loss) from Equity Method Investments	`IncomeLossFromEquityMethodInvestments`	-	USD	1 Quarter
Decrease (increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$87.05K	USD	2 Qtrs
Decrease (increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$43.95K	USD	2 Qtrs
Increase (Decrease) in Accounts Payable and Accrued Liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-53.91K	USD	2 Qtrs
Increase (Decrease) in Accounts Payable and Accrued Liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$89.18K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.32M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-499.29K	USD	2 Qtrs
NET INCREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-499.29K	USD	2 Qtrs
NET INCREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.32M	USD	2 Qtrs
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$1.95M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$2.13M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$1.45M	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`	$1.95M	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`	$1.45M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$3.45M	USD	Point-in-time

Stockholders Equity 13 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$1.51M	USD	Point-in-time
Balance	`StockholdersEquity`	$1.91M	USD	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	3.95M	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`	72,334.00	shares	2 Qtrs
Stock Issued During Period, Value, Stock Options Exercised	`StockIssuedDuringPeriodValueStockOptionsExercised`	$723.00	USD	2 Qtrs
Adjustments to Additional Paid in Capital, Share-based Compensation and Exercise of Stock Options	`StockIssuedDuringPeriodValueShareBasedCompensationGross`	$367.22K	USD	2 Qtrs
Shares vested	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	$-723.00	USD	2 Qtrs
Net loss for the period	`ProfitLoss`	$-768.65K	USD	2 Qtrs
Balance	`StockholdersEquity`	$1.51M	USD	Point-in-time
Balance	`StockholdersEquity`	$1.91M	USD	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	3.95M	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.