10-Q Filing

Contango ORE, Inc. CIK: 1502377 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0001502377-16-000036`
Period End Date	20160930
Filing Date	20161110
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	ctgo-20160331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 40 Income Statement 18 Cash Flow Statement 29 Stockholders Equity 18

Balance Sheet 40 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`	4.07M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	3.96M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	4.07M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.25M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.95M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.78M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.14M	USD	Point-in-time
Prepaid Expense, Current	`PrepaidExpenseCurrent`	$58.16K	USD	Point-in-time
Prepaid Expense, Current	`PrepaidExpenseCurrent`	$29.74K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.31M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.17M	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
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`	$1.17M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$1.31M	USD	Point-in-time
Accounts Payable, Current	`AccountsPayableCurrent`	$54.54K	USD	Point-in-time
Accounts Payable, Current	`AccountsPayableCurrent`	$20.85K	USD	Point-in-time
Accrued Liabilities, Current	`AccruedLiabilitiesCurrent`	$244.16K	USD	Point-in-time
Accrued Liabilities, Current	`AccruedLiabilitiesCurrent`	$92.88K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$113.74K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$298.70K	USD	Point-in-time
Common Stock, $0.01 par value, 30,000,000 shares authorized; 4,073,403 shares issued and outstanding at September 30, 2016; 3,958,540 shares issued and outstanding at June 30, 2016	`CommonStockValue`	$39.59K	USD	Point-in-time
Common Stock, $0.01 par value, 30,000,000 shares authorized; 4,073,403 shares issued and outstanding at September 30, 2016; 3,958,540 shares issued and outstanding at June 30, 2016	`CommonStockValue`	$40.73K	USD	Point-in-time
Additional Paid in Capital, Common Stock	`AdditionalPaidInCapitalCommonStock`	$34.06M	USD	Point-in-time
Additional Paid in Capital, Common Stock	`AdditionalPaidInCapitalCommonStock`	$33.43M	USD	Point-in-time
Accumulated deficit during exploration stage	`RetainedEarningsAccumulatedDeficit`	$-32.28M	USD	Point-in-time
Accumulated deficit during exploration stage	`RetainedEarningsAccumulatedDeficit`	$-33.23M	USD	Point-in-time
SHAREHOLDERS EQUITY	`StockholdersEquity`	$1.20M	USD	Point-in-time
SHAREHOLDERS EQUITY	`StockholdersEquity`	$871.61K	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$1.31M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$1.17M	USD	Point-in-time

Income Statement 18 line items

Line Item	Tag	Value	Unit	Period
Claim rentals and minimum royalties	`CarryingCostsPropertyAndExplorationRights`	-	USD	1 Quarter
Claim rentals and minimum royalties	`CarryingCostsPropertyAndExplorationRights`	$14.43K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$436.07K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$955.65K	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$955.65K	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$450.49K	USD	1 Quarter
Income (Loss) from Equity Method Investments	`IncomeLossFromEquityMethodInvestments`	$13.80M	USD	7 Qtrs
Income (Loss) from Equity Method Investments	`IncomeLossFromEquityMethodInvestments`	$5.60M	USD	3 Qtrs
Income (Loss) from Equity Method Investments	`IncomeLossFromEquityMethodInvestments`	$-1.43M	USD	Annual
Income (Loss) from Equity Method Investments	`IncomeLossFromEquityMethodInvestments`	-	USD	1 Quarter
Income (Loss) from Equity Method Investments	`IncomeLossFromEquityMethodInvestments`	-	USD	1 Quarter
Income (Loss) from Equity Method Investments	`IncomeLossFromEquityMethodInvestments`	-	USD	Annual
NET LOSS	`NetIncomeLoss`	$-955.65K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-450.49K	USD	1 Quarter
Earnings Per Share, Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$0.24	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`	3.99M	shares	1 Quarter
Weighted Average Number of Shares Outstanding, Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	3.88M	shares	1 Quarter

Cash Flow Statement 29 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`	-	USD	Point-in-time
NET LOSS	`NetIncomeLoss`	$-955.65K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-450.49K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$628.34K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$220.62K	USD	1 Quarter
Income (Loss) from Equity Method Investments	`IncomeLossFromEquityMethodInvestments`	$13.80M	USD	7 Qtrs
Income (Loss) from Equity Method Investments	`IncomeLossFromEquityMethodInvestments`	$5.60M	USD	3 Qtrs
Income (Loss) from Equity Method Investments	`IncomeLossFromEquityMethodInvestments`	$-1.43M	USD	Annual
Income (Loss) from Equity Method Investments	`IncomeLossFromEquityMethodInvestments`	-	USD	1 Quarter
Income (Loss) from Equity Method Investments	`IncomeLossFromEquityMethodInvestments`	-	USD	1 Quarter
Income (Loss) from Equity Method Investments	`IncomeLossFromEquityMethodInvestments`	-	USD	Annual
Decrease (increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-31.09K	USD	1 Quarter
Decrease (increase) in prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-28.42K	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`	$184.96K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-163.57K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-113.92K	USD	1 Quarter
NET INCREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-163.57K	USD	1 Quarter
NET INCREASE IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-113.92K	USD	1 Quarter
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$1.25M	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`	$1.14M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$1.25M	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`	$1.14M	USD	Point-in-time

Stockholders Equity 18 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$1.20M	USD	Point-in-time
Balance	`StockholdersEquity`	$871.61K	USD	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	3.96M	shares	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	4.07M	shares	Point-in-time
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period	`StockIssuedDuringPeriodSharesStockOptionsExercised`	42,817.00	shares	1 Quarter
Noncash or Part Noncash Acquisition, Noncash Financial or Equity Instrument Consideration, Warrants Issued	`NoncashOrPartNoncashAcquisitionNoncashFinancialOrEquityInstrumentConsiderationWarrantsIssued1`	17,045.00	shares	1 Quarter
Stock and Warrants Issued During Period, Value, Preferred Stock and Warrants	`StockAndWarrantsIssuedDuringPeriodValuePreferredStockAndWarrants`	$171.00	USD	1 Quarter
Stock Issued During Period, Value, Stock Options Exercised	`StockIssuedDuringPeriodValueStockOptionsExercised`	$428.00	USD	1 Quarter
Adjustments to Additional Paid in Capital, Share-based Compensation and Exercise of Stock Options	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions`	$-428.00	USD	1 Quarter
Adjustments to Additional Paid in Capital, Share-based Compensation and Exercise of Stock Options	`StockIssuedDuringPeriodValueShareBasedCompensationGross`	$628.34K	USD	1 Quarter
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Period Increase (Decrease)	`ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsPeriodIncreaseDecrease`	55,001.00	shares	1 Quarter
Shares vested	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	$550.00	USD	1 Quarter
Adjustments to Additional Paid in Capital, Share-based Compensation, Restricted Stock Unit or Restricted Stock Award, Requisite Service Period Recognition	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition`	$-550.00	USD	1 Quarter
Net loss for the period	`ProfitLoss`	$-955.65K	USD	1 Quarter
Balance	`StockholdersEquity`	$1.20M	USD	Point-in-time
Balance	`StockholdersEquity`	$871.61K	USD	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	3.96M	shares	Point-in-time
Balance, shares	`CommonStockSharesOutstanding`	4.07M	shares	Point-in-time

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