10-Q Filing

Contango ORE, Inc. CIK: 1502377 Q3 2016

Filing Information

Form Type	10-Q
Accession Number	`0001502377-16-000028`
Period End Date	20160331
Filing Date	20160505
Fiscal Year	2016
Fiscal Period	Q3
XBRL Instance	ctgo-20160331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 38 Income Statement 35 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`	3.96M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	3.88M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	3.88M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	3.96M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.95M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.35M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$3.45M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$2.06M	USD	Point-in-time
Prepaid Expense, Current	`PrepaidExpenseCurrent`	$86.47K	USD	Point-in-time
Prepaid Expense, Current	`PrepaidExpenseCurrent`	$67.38K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.43M	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`	$1.43M	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`	$19.65K	USD	Point-in-time
Accrued Liabilities, Current	`AccruedLiabilitiesCurrent`	$14.17K	USD	Point-in-time
Accrued Liabilities, Current	`AccruedLiabilitiesCurrent`	$78.10K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$33.82K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$102.98K	USD	Point-in-time
Common Stock, $0.01 par value, 30,000,000 shares authorized; 3,958,540 shares issued and outstanding at March 31, 2016; 3,876,206 shares issued and outstanding at June 30, 2015	`CommonStockValue`	$38.76K	USD	Point-in-time
Common Stock, $0.01 par value, 30,000,000 shares authorized; 3,958,540 shares issued and outstanding at March 31, 2016; 3,876,206 shares issued and outstanding at June 30, 2015	`CommonStockValue`	$39.59K	USD	Point-in-time
Additional Paid in Capital, Common Stock	`AdditionalPaidInCapitalCommonStock`	$33.36M	USD	Point-in-time
Additional Paid in Capital, Common Stock	`AdditionalPaidInCapitalCommonStock`	$32.93M	USD	Point-in-time
Accumulated deficit during exploration stage	`RetainedEarningsAccumulatedDeficit`	$-32.01M	USD	Point-in-time
Accumulated deficit during exploration stage	`RetainedEarningsAccumulatedDeficit`	$-31.06M	USD	Point-in-time
SHAREHOLDERS EQUITY	`StockholdersEquity`	$1.40M	USD	Point-in-time
SHAREHOLDERS EQUITY	`StockholdersEquity`	$1.91M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$1.43M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$2.01M	USD	Point-in-time

Income Statement 35 line items

Line Item	Tag	Value	Unit	Period
Claim rentals and minimum royalties	`CarryingCostsPropertyAndExplorationRights`	$40.39K	USD	1 Quarter
Claim rentals and minimum royalties	`CarryingCostsPropertyAndExplorationRights`	$14.43K	USD	3 Qtrs
Claim rentals and minimum royalties	`CarryingCostsPropertyAndExplorationRights`	-	USD	1 Quarter
Claim rentals and minimum royalties	`CarryingCostsPropertyAndExplorationRights`	$120.62K	USD	3 Qtrs
Exploration Expense, Mining	`ExplorationExpenseMining`	-	USD	3 Qtrs
Exploration Expense, Mining	`ExplorationExpenseMining`	$140.40K	USD	1 Quarter
Exploration Expense, Mining	`ExplorationExpenseMining`	$354.90K	USD	3 Qtrs
Exploration Expense, Mining	`ExplorationExpenseMining`	-	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$2.16M	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$935.48K	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$181.26K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$752.37K	USD	1 Quarter
Expense reimbursement	`Expensereimbursement`	-	USD	1 Quarter
Expense reimbursement	`Expensereimbursement`	$-750.00K	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$181.26K	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$183.16K	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$1.88M	USD	3 Qtrs
Total expenses	`CostsAndExpenses`	$949.91K	USD	3 Qtrs
Income (Loss) from Equity Method Investments	`IncomeLossFromEquityMethodInvestments`	$-1.43M	USD	Annual
Income (Loss) from Equity Method Investments	`IncomeLossFromEquityMethodInvestments`	$163.03K	USD	3 Qtrs
Income (Loss) from Equity Method Investments	`IncomeLossFromEquityMethodInvestments`	-	USD	1 Quarter
Income (Loss) from Equity Method Investments	`IncomeLossFromEquityMethodInvestments`	-	USD	3 Qtrs
Income (Loss) from Equity Method Investments	`IncomeLossFromEquityMethodInvestments`	$8.70M	USD	5 Qtrs
NET LOSS	`NetIncomeLoss`	$-346.19K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-181.26K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-949.91K	USD	3 Qtrs
NET LOSS	`NetIncomeLoss`	$-2.04M	USD	3 Qtrs
Earnings Per Share, Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$0.24	USD	3 Qtrs
Earnings Per Share, Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$0.05	USD	1 Quarter
Earnings Per Share, Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$0.09	USD	1 Quarter
Earnings Per Share, Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$0.53	USD	3 Qtrs
Weighted Average Number of Shares Outstanding, Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	3.87M	shares	1 Quarter
Weighted Average Number of Shares Outstanding, Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	3.92M	shares	3 Qtrs
Weighted Average Number of Shares Outstanding, Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	3.96M	shares	1 Quarter
Weighted Average Number of Shares Outstanding, Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	3.83M	shares	3 Qtrs

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`	-	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`	$-346.19K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-181.26K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-949.91K	USD	3 Qtrs
NET LOSS	`NetIncomeLoss`	$-2.04M	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$640.73K	USD	3 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$437.45K	USD	3 Qtrs
Income (Loss) from Equity Method Investments	`IncomeLossFromEquityMethodInvestments`	$-1.43M	USD	Annual
Income (Loss) from Equity Method Investments	`IncomeLossFromEquityMethodInvestments`	$163.03K	USD	3 Qtrs
Income (Loss) from Equity Method Investments	`IncomeLossFromEquityMethodInvestments`	-	USD	1 Quarter
Income (Loss) from Equity Method Investments	`IncomeLossFromEquityMethodInvestments`	-	USD	3 Qtrs
Income (Loss) from Equity Method Investments	`IncomeLossFromEquityMethodInvestments`	$8.70M	USD	5 Qtrs
Decrease (increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$19.09K	USD	3 Qtrs
Decrease (increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$42.19K	USD	3 Qtrs
Increase (Decrease) in Accounts Payable and Accrued Liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-108.07K	USD	3 Qtrs
Increase (Decrease) in Accounts Payable and Accrued Liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-69.16K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.39M	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-600.71K	USD	3 Qtrs
NET INCREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-600.71K	USD	3 Qtrs
NET INCREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.39M	USD	3 Qtrs
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$1.95M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$1.35M	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`	$2.06M	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`	$1.35M	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`	$2.06M	USD	Point-in-time

Stockholders Equity 13 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$1.40M	USD	Point-in-time
Balance	`StockholdersEquity`	$1.91M	USD	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	3.88M	shares	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	3.96M	shares	Point-in-time
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period	`StockIssuedDuringPeriodSharesStockOptionsExercised`	82,334.00	shares	3 Qtrs
Stock Issued During Period, Value, Stock Options Exercised	`StockIssuedDuringPeriodValueStockOptionsExercised`	$823.00	USD	3 Qtrs
Adjustments to Additional Paid in Capital, Share-based Compensation and Exercise of Stock Options	`StockIssuedDuringPeriodValueShareBasedCompensationGross`	$437.45K	USD	3 Qtrs
Shares vested	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	$-823.00	USD	3 Qtrs
Net loss for the period	`ProfitLoss`	$-949.91K	USD	3 Qtrs
Balance	`StockholdersEquity`	$1.40M	USD	Point-in-time
Balance	`StockholdersEquity`	$1.91M	USD	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	3.88M	shares	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	3.96M	shares	Point-in-time

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