$CTGO
Contango ORE, Inc. Stock $ctgo

$ctgo Overview Financials Valuation SEC Filings Company Website

2015 Q1 Form 10-Q Financial Statement

#000150237715000005 Filed on February 06, 2015

Income Statement

Concept	2015 Q1	2014 Q4	2013 Q4
Revenue	$750.0K	$0.00	$0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin	$790.0K	$550.0K	$620.0K
YoY Change	71.74%	-11.29%	-11.43%
% of Gross Profit
Research & Development	$140.0K	$110.0K	$990.0K
YoY Change	-33.33%	-88.89%	115.22%
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses	$930.0K	$660.0K	$1.610M
YoY Change	36.76%	-59.01%	38.79%
Operating Profit
YoY Change
Interest Expense	-$160.0K
YoY Change
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income	-$350.0K	-$660.0K	-$1.610M
YoY Change	-48.53%	-59.01%	38.79%
Income Tax			$0.00
% Of Pretax Income
Net Earnings	-$346.2K	-$661.3K	-$1.614M
YoY Change	-49.05%	-59.02%	38.92%
Net Earnings / Revenue	-46.16%
Basic Earnings Per Share	-$0.09	-$0.17	-$0.43
Diluted Earnings Per Share	-$0.09	-$0.17	-$0.43
COMMON SHARES
Basic Shares Outstanding	3.866M shares	3.815M shares	3.750M shares
Diluted Shares Outstanding

Balance Sheet

Concept	2015 Q1	2014 Q4	2013 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments	$2.060M	$2.130M	$4.380M
YoY Change	-47.72%	-51.37%	186.27%
Cash & Equivalents	$2.057M	$2.129M	$4.380M
Short-Term Investments
Other Short-Term Assets	$140.0K	$190.0K	$150.0K
YoY Change	55.56%	26.67%	66.67%
Inventory
Prepaid Expenses	$141.1K	$186.0K	$149.7K
Receivables
Other Receivables
Total Short-Term Assets	$7.184M	$2.315M	$4.530M
YoY Change	77.94%	-48.88%	178.74%
LONG-TERM ASSETS
Property, Plant & Equipment	$0.00	$1.210M	$1.210M
YoY Change	-100.0%	0.0%	0.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$1.270M
YoY Change
Other Assets	$225.0K	$225.0K	$225.0K
YoY Change	0.0%	0.0%	0.0%
Total Long-Term Assets	$1.434M	$1.434M	$1.434M
YoY Change	0.0%	0.0%	0.0%
TOTAL ASSETS
Total Short-Term Assets	$7.184M	$2.315M	$4.530M
Total Long-Term Assets	$1.434M	$1.434M	$1.434M
Total Assets	$8.618M	$3.749M	$5.964M
YoY Change	57.51%	-37.13%	94.96%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$171.0K	$255.7K	$144.3K
YoY Change	75.16%	77.2%	10.33%
Accrued Expenses	$55.80K	$20.09K	$4.032K
YoY Change	23.5%	398.34%	-83.87%
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	$5.227M	$275.8K	$148.3K
YoY Change	3559.7%	85.93%	-4.79%
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	$5.227M	$275.8K	$148.3K
Total Long-Term Liabilities	$0.00	$0.00	$0.00
Total Liabilities	$80.00K	$280.0K	$150.0K
YoY Change	-42.86%	86.67%	-6.25%
SHAREHOLDERS EQUITY
Retained Earnings	-$29.49M	-$29.15M	-$26.04M
YoY Change	10.37%	11.92%	91.28%
Common Stock	$32.88M	$32.62M	$31.86M
YoY Change	2.6%	2.39%	92.86%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$3.391M	$3.474M	$5.815M
YoY Change
Total Liabilities & Shareholders Equity	$8.618M	$3.749M	$5.964M
YoY Change	57.51%	-37.13%	94.96%

Cashflow Statement

Concept	2015 Q1	2014 Q4	2013 Q4
OPERATING ACTIVITIES
Net Income	-$346.2K	-$661.3K	-$1.614M
YoY Change	-49.05%	-59.02%	38.92%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities	-$70.00K	-$540.0K	-$5.050M
YoY Change	-84.09%	-89.31%	253.15%
INVESTING ACTIVITIES
Capital Expenditures	$0.00		$0.00
YoY Change			-100.0%
Acquisitions
YoY Change
Other Investing Activities	$0.00	$0.00	$100.0K
YoY Change		-100.0%
Cash From Investing Activities	$0.00	$0.00	$100.0K
YoY Change		-100.0%	-150.0%
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
YoY Change
NET CHANGE
Cash From Operating Activities	-70.00K	-540.0K	-5.050M
Cash From Investing Activities	0.000	0.000	100.0K
Cash From Financing Activities			0.000
Net Change In Cash	-70.00K	-540.0K	-4.950M
YoY Change	-84.09%	-89.09%	203.68%
FREE CASH FLOW
Cash From Operating Activities	-$70.00K	-$540.0K	-$5.050M
Capital Expenditures	$0.00		$0.00
Free Cash Flow	-$70.00K		-$5.050M
YoY Change	-84.09%		310.57%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
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	ctgo	Exploration Costs And Claim Rentals Mining Properties Period Cost ExplorationCostsAndClaimRentalsMiningPropertiesPeriodCost	294736	USD
	ctgo	Acquisition Costs Mining Properties Period Cost AcquisitionCostsMiningPropertiesPeriodCost	0	USD
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	ctgo	Acquisition Costs Mining Properties Period Cost AcquisitionCostsMiningPropertiesPeriodCost	0	USD
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CY2014Q4	ctgo	Advance Minimum Royalty AdvanceMinimumRoyalty	75000	USD
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CY2015Q1	ctgo	Contango Joint Venture Percentage ContangoJointVenturePercentage	1.00
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	dei	Amendment Flag AmendmentFlag	false
	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--06-30
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	dei	Document Period End Date DocumentPeriodEndDate	2014-12-31
	dei	Document Type DocumentType	10-Q
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CY2014Q4	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	3817872	shares
	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	3811819	shares
	us-gaap	Basis Of Accounting BasisOfAccounting	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">. Basis of Presentation</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The accompanying unaudited financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information, pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”), including instructions to Form 10-Q and Article 8 of Regulation S-X. Accordingly, they do not include all the information and footnotes required by GAAP for complete annual financial statements. In the opinion of management, all adjustments considered necessary for a fair statement of the financial statements have been included. All such adjustments are of a normal recurring nature. The financial statements should be read in conjunction with the audited financial statements and notes included in the Company’s Form 10-K for the fiscal year ended June 30, 2014, as amended. The results of operations for the three and six months ended December 31, 2014 are not necessarily indicative of the results that may be expected for the fiscal year ending June 30, 2015.</font></div></div>
	us-gaap	Description Of New Accounting Pronouncements Not Yet Adopted DescriptionOfNewAccountingPronouncementsNotYetAdopted	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Recently Issued Accounting Pronouncements</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:32px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In June 2014, the FASB issued Accounting Standards Update No. 2014-10 (“ASU No. 2014-10”), which eliminated the definition of a Development Stage Entity and the related reporting requirements. ASU No. 2014-10 is effective for annual reporting periods beginning after December 15, 2014, with early adoption allowed. The Company chose to adopt ASU No. 2014-10 early, effective beginning in its financial statements for the quarter ended September 30, 2014.</font></div><div style="line-height:120%;padding-top:18px;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In August 2014 , the FASB issued Accounting Standard Update No. 2014-15 (“ASU No. 2014-15”), Presentation of Financial Statements Going Concern (Subtopic 205-40) which requires management to assess an entity's ability to continue as a going concern by incorporating and expanding upon certain principles that are currently in U.S. auditing standards. Specifically, ASU 2014-15 provides a definition of the term substantial doubt and requires an assessment for a period of one year after the date that the financial statements are issued (or available to be issued). It also requires certain disclosures when substantial doubt is alleviated as a result of consideration of management's plans and requires an express statement and other disclosures when substantial doubt is not alleviated. ASU No. 2014-15 is effective for fiscal years, and interim periods within those years, beginning after December 15, 2016, early application is permitted. We are currently evaluating the accounting implication and do not believe the adoption of ASU 2014-15 will have a material impact on our consolidated financial statements, although there may be additional disclosures upon adoption. </font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;text-indent:30px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company has evaluated all other recent accounting pronouncements and believes that none of them will have a significant effect on the Company’s financial statements.</font></div></div>
	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-align:justify;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>

Files In Submission

Name	View Source	Status
0001502377-15-000005-index-headers.html	Edgar Link	pending
0001502377-15-000005-index.html	Edgar Link	pending
0001502377-15-000005.txt	Edgar Link	pending
0001502377-15-000005-xbrl.zip	Edgar Link	pending
ctgo-20141231.xml	Edgar Link	completed
ctgo-20141231.xsd	Edgar Link	pending
ctgo-20141231x10q.htm	Edgar Link	pending
ctgo-20141231x10qxex311.htm	Edgar Link	pending
ctgo-20141231x10qxex312.htm	Edgar Link	pending
ctgo-20141231x10qxex321.htm	Edgar Link	pending
ctgo-20141231x10qxex322.htm	Edgar Link	pending
ctgo-20141231_cal.xml	Edgar Link	unprocessable
ctgo-20141231_def.xml	Edgar Link	unprocessable
ctgo-20141231_lab.xml	Edgar Link	unprocessable
ctgo-20141231_pre.xml	Edgar Link	unprocessable
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xls	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
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R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending
tetlinstabilityagreement.htm	Edgar Link	pending

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2015 Q1 Form 10-Q Financial Statement

#000150237715000005 Filed on February 06, 2015

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$CTGO Contango ORE, Inc. Stock $ctgo

2015 Q1 Form 10-Q Financial Statement

#000150237715000005 Filed on February 06, 2015

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$CTGO
Contango ORE, Inc. Stock $ctgo