$CTGO
Contango ORE, Inc.

2012 Form 10-K Financial Statement

#000144530512002851 Filed on September 11, 2012

View on sec.gov

Income Statement

Concept 2012 2011 Q2 2011
Revenue $0.00 $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $730.0K $230.0K $500.0K
YoY Change 46.0% 163.16%
% of Gross Profit
Research & Development $3.500M $1.320M $2.270M
YoY Change 54.19% 157.95%
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $4.260M $1.560M $2.850M
YoY Change 49.47% 159.09%
Operating Profit
YoY Change
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net $0.00
YoY Change
Pretax Income -$4.260M -$1.560M -$2.850M
YoY Change 49.47% 159.09%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$4.260M -$1.560M -$2.854M
YoY Change 49.24% 0.0%
Net Earnings / Revenue
Basic Earnings Per Share $2.35 $1.82
Diluted Earnings Per Share -$2.35 -$993.6K -$1.82
COMMON SHARES
Basic Shares Outstanding 1.814M shares 1.566M shares
Diluted Shares Outstanding 1.814M shares 1.566M shares

Balance Sheet

Concept 2012 2011 Q2 2011
SHORT-TERM ASSETS
Cash & Short-Term Investments $7.770M $2.400M $2.400M
YoY Change 223.75%
Cash & Equivalents $2.395M
Short-Term Investments
Other Short-Term Assets $140.0K $80.00K $80.00K
YoY Change 75.0% -65.22%
Inventory
Prepaid Expenses $78.16K
Receivables
Other Receivables
Total Short-Term Assets $7.900M $2.473M $2.470M
YoY Change 219.84% 973.91%
LONG-TERM ASSETS
Property, Plant & Equipment $1.010M $1.010M $1.010M
YoY Change 0.0% 0.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $230.0K $75.00K $80.00K
YoY Change 187.5%
Total Long-Term Assets $1.240M $1.084M $1.090M
YoY Change 13.76% 7.92%
TOTAL ASSETS
Total Short-Term Assets $7.900M $2.473M $2.470M
Total Long-Term Assets $1.240M $1.084M $1.090M
Total Assets $9.140M $3.557M $3.560M
YoY Change 156.74% 187.1%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.730M $488.4K $490.0K
YoY Change 253.06%
Accrued Expenses $70.00K $156.4K $160.0K
YoY Change -56.25% -68.63%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.800M $644.8K $640.0K
YoY Change 181.25% 25.49%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $1.800M $644.8K $640.0K
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $1.800M $640.0K $640.0K
YoY Change 181.25% 25.49%
SHAREHOLDERS EQUITY
Retained Earnings -$3.957M
YoY Change
Common Stock $6.869M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $7.340M $2.912M $2.910M
YoY Change
Total Liabilities & Shareholders Equity $9.140M $3.557M $3.560M
YoY Change 156.74% 187.1%

Cashflow Statement

Concept 2012 2011 Q2 2011
OPERATING ACTIVITIES
Net Income -$4.260M -$1.560M -$2.854M
YoY Change 49.24% 0.0%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$2.911M -$760.0K -$2.481M
YoY Change 17.37% 200.76%
INVESTING ACTIVITIES
Capital Expenditures -$150.0K -$80.00K -$80.00K
YoY Change 87.5% -92.08%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$150.0K -$80.00K -$75.00K
YoY Change 100.0% -92.57%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $8.432M $0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $8.432M 0.000 $4.951M
YoY Change 70.31% 169.99%
NET CHANGE
Cash From Operating Activities -$2.911M -760.0K -$2.481M
Cash From Investing Activities -$150.0K -80.00K -$75.00K
Cash From Financing Activities $8.432M 0.000 $4.951M
Net Change In Cash $5.370M -840.0K $2.395M
YoY Change 124.21%
FREE CASH FLOW
Cash From Operating Activities -$2.911M -$760.0K -$2.481M
Capital Expenditures -$150.0K -$80.00K -$80.00K
Free Cash Flow -$2.761M -$680.0K -$2.401M
YoY Change 15.03% -1395.82%

Facts In Submission

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CY2011 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 USD
CY2012 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
8431618 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
8431618 USD
CY2010 us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
0 USD
CY2011 us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
0 USD
CY2012 us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
500000 USD
us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
500000 USD
CY2012 us-gaap Profit Loss
ProfitLoss
-4259692 USD
CY2011 us-gaap Profit Loss
ProfitLoss
-2854164 USD
us-gaap Profit Loss
ProfitLoss
-1102636 USD
us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
500000 USD
CY2012 us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
500000 USD
CY2011 us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
0 USD
CY2012Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-8216492 USD
CY2010Q4 us-gaap Sale Of Stock Number Of Shares Issued In Transaction
SaleOfStockNumberOfSharesIssuedInTransaction
1600000 shares
us-gaap Share Based Compensation
ShareBasedCompensation
336118 USD
CY2012 us-gaap Share Based Compensation
ShareBasedCompensation
251210 USD
CY2011 us-gaap Share Based Compensation
ShareBasedCompensation
84908 USD
CY2010 us-gaap Share Based Compensation
ShareBasedCompensation
0 USD
CY2012 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
8431618 USD
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
1833634 USD
CY2011Q2 us-gaap Stockholders Equity
StockholdersEquity
2912380 USD
CY2012Q2 us-gaap Stockholders Equity
StockholdersEquity
7335516 USD
CY2010Q2 us-gaap Stockholders Equity
StockholdersEquity
730998 USD
CY2009Q4 us-gaap Stockholders Equity
StockholdersEquity
0 USD
CY2011 ctgo Costs Of Unproved Properties Excluded From Amortization Mining Properties Period Cost
CostsOfUnprovedPropertiesExcludedFromAmortizationMiningPropertiesPeriodCost
2552506 USD
ctgo Costs Of Unproved Properties Excluded From Amortization Mining Properties Period Cost
CostsOfUnprovedPropertiesExcludedFromAmortizationMiningPropertiesPeriodCost
8332547 USD
CY2012 ctgo Costs Of Unproved Properties Excluded From Amortization Mining Properties Period Cost
CostsOfUnprovedPropertiesExcludedFromAmortizationMiningPropertiesPeriodCost
3700681 USD
CY2010 ctgo Costs Of Unproved Properties Excluded From Amortization Mining Properties Period Cost
CostsOfUnprovedPropertiesExcludedFromAmortizationMiningPropertiesPeriodCost
2079360 USD
CY2011Q2 ctgo Decrease In Royalty Rates
DecreaseInRoyaltyRates
0.0025
CY2011Q3 ctgo Decrease In Royalty Rates
DecreaseInRoyaltyRates
0.005
CY2012 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Management Estimates.</font><font style="font-family:inherit;font-size:10pt;"> The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</font></div></div>
CY2011 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1566467 shares
CY2012 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1814072 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1657393 shares
CY2010 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
1566467 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
1657393 shares
CY2011 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
1566467 shares
CY2010 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
1566467 shares
CY2012 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
1814072 shares
CY2011 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1566467 shares
CY2012 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1814072 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1657393 shares
CY2010 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
1566467 shares
CY2010 ctgo Acquisition Costs Mining Properties Period Cost
AcquisitionCostsMiningPropertiesPeriodCost
1008886 USD
CY2011 ctgo Acquisition Costs Mining Properties Period Cost
AcquisitionCostsMiningPropertiesPeriodCost
0 USD
CY2012 ctgo Acquisition Costs Mining Properties Period Cost
AcquisitionCostsMiningPropertiesPeriodCost
0 USD
ctgo Acquisition Costs Mining Properties Period Cost
AcquisitionCostsMiningPropertiesPeriodCost
1008886 USD
CY2011Q2 ctgo Deferred Tax Assets Capitalized Exploration
DeferredTaxAssetsCapitalizedExploration
1268004 USD
CY2012Q2 ctgo Deferred Tax Assets Capitalized Exploration
DeferredTaxAssetsCapitalizedExploration
2452896 USD
ctgo Exploration Costs And Claim Rentals Mining Properties Period Cost
ExplorationCostsAndClaimRentalsMiningPropertiesPeriodCost
7323661 USD
CY2010 ctgo Exploration Costs And Claim Rentals Mining Properties Period Cost
ExplorationCostsAndClaimRentalsMiningPropertiesPeriodCost
1070474 USD
CY2011 ctgo Exploration Costs And Claim Rentals Mining Properties Period Cost
ExplorationCostsAndClaimRentalsMiningPropertiesPeriodCost
2552506 USD
CY2011Q2 ctgo Payment By Leasor To Reduce Royalty Rate
PaymentByLeasorToReduceRoyaltyRate
75000 USD
CY2011Q3 ctgo Payment By Leasor To Reduce Royalty Rate
PaymentByLeasorToReduceRoyaltyRate
150000 USD
CY2012Q2 ctgo Restricted Stock And Stock Options Outstanding
RestrictedStockAndStockOptionsOutstanding
112604 shares
ctgo Share Based Compensation Expense
ShareBasedCompensationExpense
256565 USD
CY2011 ctgo Share Based Compensation Expense
ShareBasedCompensationExpense
63681 USD
CY2012 ctgo Share Based Compensation Expense
ShareBasedCompensationExpense
192884 USD
CY2010 ctgo Share Based Compensation Expense
ShareBasedCompensationExpense
0 USD
CY2012 dei Amendment Flag
AmendmentFlag
false
CY2012 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--06-30
CY2012 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2012 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2012
CY2012 dei Document Period End Date
DocumentPeriodEndDate
2012-06-30
CY2012 dei Document Type
DocumentType
10-K
CY2012 dei Entity Central Index Key
EntityCentralIndexKey
0001502377
CY2012Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
2480269 shares
CY2012 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2012 dei Entity Filer Category
EntityFilerCategory
Smaller Reporting Company
CY2011Q4 dei Entity Public Float
EntityPublicFloat
18103865 USD
CY2012 dei Entity Registrant Name
EntityRegistrantName
Contango ORE, Inc.
CY2012 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2012 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No

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0001445305-12-002851.txt Edgar Link pending
0001445305-12-002851-xbrl.zip Edgar Link pending
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ctgo-20120630.xml Edgar Link completed
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