$CTGO
Contango ORE, Inc. Stock $ctgo

$ctgo Overview Financials Valuation SEC Filings Company Website

2015 Q2 Form 10-Q Financial Statement

#000150237715000008 Filed on May 15, 2015

Income Statement

Concept	2015 Q2	2015 Q1	2014 Q1
Revenue	$0.00	$750.0K	$0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin	$280.0K	$790.0K	$460.0K
YoY Change	-39.13%	71.74%	84.0%
% of Gross Profit
Research & Development	$10.00K	$140.0K	$210.0K
YoY Change	-96.15%	-33.33%	-16.0%
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses	$290.0K	$930.0K	$680.0K
YoY Change	-60.27%	36.76%	36.0%
Operating Profit
YoY Change
Interest Expense	-$1.270M	-$160.0K
YoY Change
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income	-$1.560M	-$350.0K	-$680.0K
YoY Change	113.7%	-48.53%	36.0%
Income Tax	$0.00		$0.00
% Of Pretax Income
Net Earnings	-$1.560M	-$346.2K	-$679.5K
YoY Change	113.7%	-49.05%	35.62%
Net Earnings / Revenue		-46.16%
Basic Earnings Per Share		-$0.09	-$0.18
Diluted Earnings Per Share	-$402.1K	-$0.09	-$0.18
COMMON SHARES
Basic Shares Outstanding	3.876M shares	3.866M shares	3.806M shares
Diluted Shares Outstanding

Balance Sheet

Concept	2015 Q2	2015 Q1	2014 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$1.950M	$2.060M	$3.940M
YoY Change	-43.48%	-47.72%	-75.28%
Cash & Equivalents	$1.947M	$2.057M	$3.942M
Short-Term Investments
Other Short-Term Assets	$70.00K	$140.0K	$90.00K
YoY Change	-30.0%	55.56%	50.0%
Inventory
Prepaid Expenses	$67.38K	$141.1K	$94.77K
Receivables
Other Receivables
Total Short-Term Assets	$2.014M	$7.184M	$4.037M
YoY Change	-43.21%	77.94%	-74.78%
LONG-TERM ASSETS
Property, Plant & Equipment	$0.00	$0.00	$1.210M
YoY Change	-100.0%	-100.0%	0.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$0.00	$1.270M
YoY Change
Other Assets	$0.00	$225.0K	$225.0K
YoY Change	-100.0%	0.0%	0.0%
Total Long-Term Assets	$0.00	$1.434M	$1.434M
YoY Change	-100.0%	0.0%	0.0%
TOTAL ASSETS
Total Short-Term Assets	$2.014M	$7.184M	$4.037M
Total Long-Term Assets	$0.00	$1.434M	$1.434M
Total Assets	$2.014M	$8.618M	$5.471M
YoY Change	-59.56%	57.51%	-68.63%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$24.88K	$171.0K	$97.64K
YoY Change	-82.25%	75.16%	-88.11%
Accrued Expenses	$78.10K	$55.80K	$45.18K
YoY Change	67.97%	23.5%
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	$103.0K	$5.227M	$142.8K
YoY Change	-44.82%	3559.7%	-82.61%
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	$103.0K	$5.227M	$142.8K
Total Long-Term Liabilities	$0.00	$0.00	$0.00
Total Liabilities	$100.0K	$80.00K	$140.0K
YoY Change	-47.37%	-42.86%	-82.93%
SHAREHOLDERS EQUITY
Retained Earnings	-$31.06M	-$29.49M	-$26.72M
YoY Change	13.14%	10.37%	89.3%
Common Stock	$32.97M	$32.88M	$32.05M
YoY Change	2.25%	2.6%	4.27%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$1.911M	$3.391M	$5.328M
YoY Change
Total Liabilities & Shareholders Equity	$2.014M	$8.618M	$5.471M
YoY Change	-59.56%	57.51%	-68.63%

Cashflow Statement

Concept	2015 Q2	2015 Q1	2014 Q1
OPERATING ACTIVITIES
Net Income	-$1.560M	-$346.2K	-$679.5K
YoY Change	113.7%	-49.05%	35.62%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities	-$110.0K	-$70.00K	-$440.0K
YoY Change	-77.55%	-84.09%	-215.79%
INVESTING ACTIVITIES
Capital Expenditures	$0.00	$0.00	$0.00
YoY Change
Acquisitions
YoY Change
Other Investing Activities	$0.00	$0.00	$0.00
YoY Change
Cash From Investing Activities	$0.00	$0.00	$0.00
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		0.000
YoY Change			-100.0%
NET CHANGE
Cash From Operating Activities	-110.0K	-70.00K	-440.0K
Cash From Investing Activities	0.000	0.000	0.000
Cash From Financing Activities	0.000		0.000
Net Change In Cash	-110.0K	-70.00K	-440.0K
YoY Change	-77.55%	-84.09%	-103.05%
FREE CASH FLOW
Cash From Operating Activities	-$110.0K	-$70.00K	-$440.0K
Capital Expenditures	$0.00	$0.00	$0.00
Free Cash Flow	-$110.0K	-$70.00K	-$440.0K
YoY Change	-77.55%	-84.09%	-215.79%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
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	dei	Amendment Flag AmendmentFlag	false
	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--06-30
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	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2015
	dei	Document Period End Date DocumentPeriodEndDate	2015-03-31
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	us-gaap	Share Based Compensation ShareBasedCompensation	640731	USD
CY2014Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod	27000	shares
CY2015Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber	18000	shares
CY2014Q1	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	3805539	shares
	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	3774576	shares
CY2015Q1	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	3873506	shares
	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	3832206	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 consolidated 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 consolidated financial statements. In the opinion of management, all adjustments considered necessary for a fair statement of the consolidated financial statements have been included. All such adjustments are of a normal recurring nature. The consolidated 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 nine months ended March 31, 2015 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;">The Financial Accounting Standards Board (“FASB”) has issued Accounting Standards Update (“ASU”) No. 2015-03, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Interest - Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs.</font><font style="font-family:inherit;font-size:10pt;"> The amendments in this ASU require that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. The recognition and measurement guidance for debt issuance costs are not affected by the amendments in this ASU. The amendments are effective for financial statements issued for fiscal years beginning after December 15, 2015, and interim periods within those fiscal years. </font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The FASB has issued ASU No. 2015-02, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Consolidation (Topic 810): Amendments to the Consolidation Analysis</font><font style="font-family:inherit;font-size:10pt;">, which is intended to improve targeted areas of consolidation guidance for legal entities such as limited partnerships, limited liability corporations, and securitization structures (collateralized debt obligations, collateralized loan obligations, and mortgage-backed security transactions). The ASU focuses on the consolidation evaluation for reporting organizations (public and private companies and not-for-profit organizations) that are required to evaluate whether they should consolidate certain legal entities. The ASU will be effective for annual periods beginning after December 15, 2016; and for interim periods, within those fiscal years. </font></div><div style="line-height:120%;padding-bottom:8px;padding-top:8px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The FASB has issued ASU No. 2015-01, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Income Statement - Extraordinary and Unusual Items (Subtopic 225-20): Simplifying Income Statement Presentation by Eliminating the Concept of Extraordinary Items.</font><font style="font-family:inherit;font-size:10pt;"> This ASU eliminates from U.S. GAAP the concept of extraordinary items. Subtopic 225-20, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Income Statement - Extraordinary and Unusual Items</font><font style="font-family:inherit;font-size:10pt;">, required that an entity separately classify, present, and disclose extraordinary events and transactions. The amendments in this ASU are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015. </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 consolidated 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 consolidated 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
0001502377-15-000008-index-headers.html	Edgar Link	pending
0001502377-15-000008-index.html	Edgar Link	pending
0001502377-15-000008.txt	Edgar Link	pending
0001502377-15-000008-xbrl.zip	Edgar Link	pending
ctgo-20150331.xml	Edgar Link	completed
ctgo-20150331.xsd	Edgar Link	pending
ctgo-20150331x10q.htm	Edgar Link	pending
ctgo-20150331x10qxex311.htm	Edgar Link	pending
ctgo-20150331x10qxex312.htm	Edgar Link	pending
ctgo-20150331x10qxex321.htm	Edgar Link	pending
ctgo-20150331x10qxex322.htm	Edgar Link	pending
ctgo-20150331_cal.xml	Edgar Link	unprocessable
ctgo-20150331_def.xml	Edgar Link	unprocessable
ctgo-20150331_lab.xml	Edgar Link	unprocessable
ctgo-20150331_pre.xml	Edgar Link	unprocessable
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xls	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
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2015 Q2 Form 10-Q Financial Statement

#000150237715000008 Filed on May 15, 2015

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$CTGO Contango ORE, Inc. Stock $ctgo

2015 Q2 Form 10-Q Financial Statement

#000150237715000008 Filed on May 15, 2015

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$CTGO
Contango ORE, Inc. Stock $ctgo