$CTGO
Contango ORE, Inc.

2013 Q2 Form 10-Q Financial Statement

#000150237713000007 Filed on May 15, 2013

View on sec.gov

Income Statement

Concept 2013 Q2 2013 Q1 2012 Q4
Revenue $0.00 $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $510.0K $250.0K $700.0K
YoY Change 410.0% 31.58% 250.0%
% of Gross Profit
Research & Development $3.620M $250.0K $460.0K
YoY Change 104.52% 525.0% 64.29%
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $4.130M $500.0K $1.160M
YoY Change 120.86% 108.33% 136.73%
Operating Profit
YoY Change
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net $0.00 $0.00 $0.00
YoY Change -100.0% -100.0% -100.0%
Pretax Income -$4.130M -$500.0K -$1.160M
YoY Change 120.86% 108.33% 136.73%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$4.130M -$501.0K -$1.161M
YoY Change 120.86% 106.12% 135.84%
Net Earnings / Revenue
Basic Earnings Per Share -$0.19 -$0.46
Diluted Earnings Per Share -$1.222M -$0.19 -$0.46
COMMON SHARES
Basic Shares Outstanding 3.750M shares 2.519M shares 2.496M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2013 Q2 2013 Q1 2012 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $13.03M $15.94M $1.530M
YoY Change 67.7% 91.36% 1076.92%
Cash & Equivalents $13.03M $15.94M $1.535M
Short-Term Investments
Other Short-Term Assets $100.0K $60.00K $90.00K
YoY Change -28.57% -14.29% -18.18%
Inventory
Prepaid Expenses $102.5K $64.66K
Receivables
Other Receivables
Total Short-Term Assets $13.13M $16.01M $1.625M
YoY Change 66.14% 90.58% 606.56%
LONG-TERM ASSETS
Property, Plant & Equipment $1.210M $1.210M $1.210M
YoY Change 19.8% 19.8% 19.8%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $225.0K $225.0K $225.0K
YoY Change 0.0% -2.17% -2.17%
Total Long-Term Assets $1.434M $1.434M $1.434M
YoY Change 16.21% 15.64% 15.64%
TOTAL ASSETS
Total Short-Term Assets $13.13M $16.01M $1.625M
Total Long-Term Assets $1.434M $1.434M $1.434M
Total Assets $14.56M $17.44M $3.059M
YoY Change 59.4% 80.94% 108.09%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.656M $821.4K $130.8K
YoY Change -4.2% 183.23% 86.87%
Accrued Expenses $94.29K $0.00 $25.00K
YoY Change 29.16% -100.0% -68.75%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.750M $821.4K $155.8K
YoY Change -2.85% 71.12% -71.67%
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 $1.750M $821.4K $155.8K
Total Long-Term Liabilities $0.00 $0.00 $0.00
Total Liabilities $1.750M $820.0K $160.0K
YoY Change -2.78% 70.83% -70.91%
SHAREHOLDERS EQUITY
Retained Earnings -$18.25M -$14.12M -$13.61M
YoY Change 122.1%
Common Stock $31.06M $30.74M $16.52M
YoY Change 99.74%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $12.81M $16.62M $2.903M
YoY Change
Total Liabilities & Shareholders Equity $14.56M $17.44M $3.059M
YoY Change 59.4% 80.94% 108.09%

Cashflow Statement

Concept 2013 Q2 2013 Q1 2012 Q4
OPERATING ACTIVITIES
Net Income -$4.130M -$501.0K -$1.161M
YoY Change 120.86% 106.12% 135.84%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities -$2.920M $380.0K -$1.430M
YoY Change 421.43% 123.53% 3.62%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $0.00 -$200.0K
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities $0.00 $0.00 -$200.0K
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000 14.03M 0.000
YoY Change 74.72% -100.0%
NET CHANGE
Cash From Operating Activities -2.920M 380.0K -1.430M
Cash From Investing Activities 0.000 0.000 -200.0K
Cash From Financing Activities 0.000 14.03M 0.000
Net Change In Cash -2.920M 14.41M -1.630M
YoY Change 421.43% 75.73% 66.33%
FREE CASH FLOW
Cash From Operating Activities -$2.920M $380.0K -$1.430M
Capital Expenditures $0.00 $0.00 -$200.0K
Free Cash Flow -$2.920M $380.0K -$1.230M
YoY Change 421.43% 123.53% -10.87%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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us-gaap Basis Of Accounting
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150000 USD
CY2012Q4 ctgo Payment By Lessee To Remove Acreage Renewal Restriction
PaymentByLesseeToRemoveAcreageRenewalRestriction
200000 USD
CY2012Q4 ctgo Percentage Of Acreage Available For Renewal
PercentageOfAcreageAvailableForRenewal
0.50
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 GAAP 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>
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
1598203 shares
CY2012Q1 ctgo Acquisition Costs Mining Properties Period Cost
AcquisitionCostsMiningPropertiesPeriodCost
0 USD
CY2013Q2 ctgo Acreage Of Unpatented Mining Claims
AcreageOfUnpatentedMiningClaims
24800 acre
CY2013Q1 ctgo Acreage Of Unpatented Mining Claims
AcreageOfUnpatentedMiningClaims
15360 acre
CY2013Q2 ctgo Acreage Of Unpatented Mining Claims
AcreageOfUnpatentedMiningClaims
93357 acre
CY2013Q1 ctgo Advance Minimum Royalty
AdvanceMinimumRoyalty
75000 USD
CY2013Q1 ctgo Annual Labor Requirements
AnnualLaborRequirements
10850 USD
CY2012Q3 ctgo Unpatented Mining Claims
UnpatentedMiningClaims
223
CY2013Q2 ctgo Unpatented Mining Claims
UnpatentedMiningClaims
155
CY2013Q1 ctgo Unpatented Mining Claims
UnpatentedMiningClaims
96
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--06-30
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
CY2012Q1 ctgo Costs Of Unproved Properties Excluded From Amortization Mining Properties Period Cost
CostsOfUnprovedPropertiesExcludedFromAmortizationMiningPropertiesPeriodCost
124903 USD
ctgo Costs Of Unproved Properties Excluded From Amortization Mining Properties Period Cost
CostsOfUnprovedPropertiesExcludedFromAmortizationMiningPropertiesPeriodCost
4776952 USD
ctgo Costs Of Unproved Properties Excluded From Amortization Mining Properties Period Cost
CostsOfUnprovedPropertiesExcludedFromAmortizationMiningPropertiesPeriodCost
13109499 USD
ctgo Costs Of Unproved Properties Excluded From Amortization Mining Properties Period Cost
CostsOfUnprovedPropertiesExcludedFromAmortizationMiningPropertiesPeriodCost
1995480 USD
CY2013Q1 ctgo Costs Of Unproved Properties Excluded From Amortization Mining Properties Period Cost
CostsOfUnprovedPropertiesExcludedFromAmortizationMiningPropertiesPeriodCost
278415 USD
CY2011Q3 ctgo Decrease In Royalty Rates
DecreaseInRoyaltyRates
0.0050
CY2013Q1 ctgo Decrease In Royalty Rates
DecreaseInRoyaltyRates
0.0025
ctgo Exploration Costs And Claim Rentals Mining Properties Period Cost
ExplorationCostsAndClaimRentalsMiningPropertiesPeriodCost
4576952 USD
ctgo Exploration Costs And Claim Rentals Mining Properties Period Cost
ExplorationCostsAndClaimRentalsMiningPropertiesPeriodCost
11900613 USD
ctgo Exploration Costs And Claim Rentals Mining Properties Period Cost
ExplorationCostsAndClaimRentalsMiningPropertiesPeriodCost
1995480 USD
CY2013Q1 ctgo Exploration Costs And Claim Rentals Mining Properties Period Cost
ExplorationCostsAndClaimRentalsMiningPropertiesPeriodCost
278415 USD
CY2012Q1 ctgo Exploration Costs And Claim Rentals Mining Properties Period Cost
ExplorationCostsAndClaimRentalsMiningPropertiesPeriodCost
124903 USD
CY2012Q1 ctgo Options And Warrants Outstanding
OptionsAndWarrantsOutstanding
50000 shares
CY2013Q1 ctgo Percentage Of Acreage Available For Renewal
PercentageOfAcreageAvailableForRenewal
0.50
CY2012Q4 ctgo Rate Of Rights Distribution
RateOfRightsDistribution
1
CY2013Q1 ctgo Restricted Stock And Stock Options Outstanding
RestrictedStockAndStockOptionsOutstanding
1654477 shares
CY2013Q1 ctgo Share Based Compensation Expense
ShareBasedCompensationExpense
127540 USD
ctgo Share Based Compensation Expense
ShareBasedCompensationExpense
154430 USD
ctgo Share Based Compensation Expense
ShareBasedCompensationExpense
1114729 USD
ctgo Share Based Compensation Expense
ShareBasedCompensationExpense
858164 USD
CY2012Q1 ctgo Share Based Compensation Expense
ShareBasedCompensationExpense
38454 USD
dei Document Period End Date
DocumentPeriodEndDate
2013-03-31
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0001502377
CY2013Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
3750394 shares
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Filer Category
EntityFilerCategory
Smaller Reporting Company
dei Entity Registrant Name
EntityRegistrantName
Contango ORE, Inc.
dei Entity Voluntary Filers
EntityVoluntaryFilers
No
dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No

Files In Submission

Name View Source Status
0001502377-13-000007-index-headers.html Edgar Link pending
0001502377-13-000007-index.html Edgar Link pending
0001502377-13-000007.txt Edgar Link pending
0001502377-13-000007-xbrl.zip Edgar Link pending
ctgo-20130331.xml Edgar Link completed
ctgo-20130331.xsd Edgar Link pending
ctgo-20130331x10q.htm Edgar Link pending
ctgo-20130331_cal.xml Edgar Link unprocessable
ctgo-20130331_def.xml Edgar Link unprocessable
ctgo-20130331_lab.xml Edgar Link unprocessable
ctgo-20130331_pre.xml Edgar Link unprocessable
exhibit31133113.htm Edgar Link pending
exhibit31233113.htm Edgar Link pending
exhibit32133113.htm Edgar Link pending
exhibit32233113.htm Edgar Link pending
exhibit993-revisedtokclaims.htm Edgar Link pending
exhibit996-revisedeaglecla.htm Edgar Link pending
exhibit997-adc2claims.htm Edgar Link pending
exhibit998-bushclaims.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
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report.css Edgar Link pending
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