10-K Filing

Contango ORE, Inc. CIK: 1502377 FY 2016

Filing Information

Form Type	10-K
Accession Number	`0001502377-16-000031`
Period End Date	20160630
Filing Date	20160825
Fiscal Year	2016
Fiscal Period	FY
XBRL Instance	ctgo-20160630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 41 Income Statement 22 Cash Flow Statement 25 Stockholders Equity 15

Balance Sheet 41 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
Cash	`CashAndCashEquivalentsAtCarryingValue`	$3.45M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.95M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.25M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	3.96M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	3.96M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$67.38K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	3.88M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$58.16K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.31M	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
Equity Method Investments	`EquityMethodInvestments`	-	USD	Point-in-time
TOTAL ASSETS	`Assets`	$2.01M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$1.31M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$20.85K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$24.88K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$92.88K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$78.10K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$113.74K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$102.98K	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES (NOTE 11)	`CommitmentsAndContingencies`	-	USD	Point-in-time
COMMITMENTS AND CONTINGENCIES (NOTE 11)	`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; 3,958,540 shares issued and outstanding at June 30, 2016; 3,876,206 shares issued and outstanding at June 30, 2015	`CommonStockValue`	$39.59K	USD	Point-in-time
Common Stock, $0.01 par value, 30,000,000 shares authorized; 3,958,540 shares issued and outstanding at June 30, 2016; 3,876,206 shares issued and outstanding at June 30, 2015	`CommonStockValue`	$38.76K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$32.93M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$33.43M	USD	Point-in-time
Accumulated deficit during exploration stage	`RetainedEarningsAccumulatedDeficit`	$-31.06M	USD	Point-in-time
Accumulated deficit during exploration stage	`RetainedEarningsAccumulatedDeficit`	$-32.28M	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`	$1.20M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$1.31M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$2.01M	USD	Point-in-time

Income Statement 22 line items

Line Item	Tag	Value	Unit	Period
Claim rentals and minimum royalties	`CarryingCostsPropertyAndExplorationRights`	$129.14K	USD	Annual
Claim rentals and minimum royalties	`CarryingCostsPropertyAndExplorationRights`	$14.43K	USD	Annual
Exploration expenses	`ExplorationExpenseMining`	-	USD	Annual
Exploration expenses	`ExplorationExpenseMining`	$363.46K	USD	Annual
Stock-based compensation expense	`ShareBasedCompensationExpense`	$507.68K	USD	Annual
Stock-based compensation expense	`ShareBasedCompensationExpense`	$483.08K	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$1.95M	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$698.11K	USD	Annual
Expense reimbursement	`Expensereimbursement`	-	USD	Annual
Expense reimbursement	`Expensereimbursement`	$750.00K	USD	Annual
Total expenses	`CostsAndExpenses`	$1.22M	USD	Annual
Total expenses	`CostsAndExpenses`	$2.17M	USD	Annual
Income (Loss) from Equity Method Investments	`IncomeLossFromEquityMethodInvestments`	$-1.43M	USD	Annual
Income (Loss) from Equity Method Investments	`IncomeLossFromEquityMethodInvestments`	$2.30M	USD	2 Qtrs
Income (Loss) from Equity Method Investments	`IncomeLossFromEquityMethodInvestments`	$10.90M	USD	6 Qtrs
Income (Loss) from Equity Method Investments	`IncomeLossFromEquityMethodInvestments`	-	USD	Annual
Net Income (Loss) Attributable to Parent	`NetIncomeLoss`	$-1.22M	USD	Annual
Net Income (Loss) Attributable to Parent	`NetIncomeLoss`	$-3.61M	USD	Annual
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.31	USD	Annual
Basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.94	USD	Annual
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	3.84M	shares	Annual
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	3.93M	shares	Annual

Cash Flow Statement 25 line items

Line Item	Tag	Value	Unit	Period
Net Income (Loss) Attributable to Parent	`NetIncomeLoss`	$-1.22M	USD	Annual
Net Income (Loss) Attributable to Parent	`NetIncomeLoss`	$-3.61M	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$507.68K	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$724.74K	USD	Annual
Income (Loss) from Equity Method Investments	`IncomeLossFromEquityMethodInvestments`	$-1.43M	USD	Annual
Income (Loss) from Equity Method Investments	`IncomeLossFromEquityMethodInvestments`	$2.30M	USD	2 Qtrs
Income (Loss) from Equity Method Investments	`IncomeLossFromEquityMethodInvestments`	$10.90M	USD	6 Qtrs
Income (Loss) from Equity Method Investments	`IncomeLossFromEquityMethodInvestments`	-	USD	Annual
Decrease (increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-31.52K	USD	Annual
Decrease (increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-9.22K	USD	Annual
Increase in accounts payable and other accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-83.65K	USD	Annual
Increase in accounts payable and other accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$10.76K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-692.56K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.50M	USD	Annual
NET INCREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-692.56K	USD	Annual
NET INCREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.50M	USD	Annual
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`	$1.25M	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`	$1.25M	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

Stockholders Equity 15 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$4.79M	USD	Point-in-time
Balance	`StockholdersEquity`	$1.91M	USD	Point-in-time
Balance	`StockholdersEquity`	$1.20M	USD	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	3.96M	shares	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	3.88M	shares	Point-in-time
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$724.74K	USD	Annual
Net loss for the period	`ProfitLoss`	$-3.61M	USD	Annual
Balance	`StockholdersEquity`	$4.79M	USD	Point-in-time
Balance	`StockholdersEquity`	$1.91M	USD	Point-in-time
Balance	`StockholdersEquity`	$1.20M	USD	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	3.96M	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.