2015 Q3 Form 10-Q Financial Statement
#000150237715000020 Filed on November 12, 2015
Income Statement
| Concept | 2015 Q3 | 2014 Q3 |
|---|---|---|
| Revenue | $0.00 | $0.00 |
| YoY Change | ||
| Cost Of Revenue | ||
| YoY Change | ||
| Gross Profit | ||
| YoY Change | ||
| Gross Profit Margin | ||
| Selling, General & Admin | $450.0K | $940.0K |
| YoY Change | -52.13% | 44.62% |
| % of Gross Profit | ||
| Research & Development | $0.00 | $100.0K |
| YoY Change | -100.0% | -98.19% |
| % of Gross Profit | ||
| Depreciation & Amortization | ||
| YoY Change | ||
| % of Gross Profit | ||
| Operating Expenses | $450.0K | $1.040M |
| YoY Change | -56.73% | -83.17% |
| Operating Profit | ||
| YoY Change | ||
| Interest Expense | $0.00 | |
| YoY Change | ||
| % of Operating Profit | ||
| Other Income/Expense, Net | ||
| YoY Change | ||
| Pretax Income | -$450.0K | -$1.040M |
| YoY Change | -56.73% | -83.17% |
| Income Tax | ||
| % Of Pretax Income | ||
| Net Earnings | -$450.5K | -$1.037M |
| YoY Change | -56.57% | -83.21% |
| Net Earnings / Revenue | ||
| Basic Earnings Per Share | -$0.12 | -$0.27 |
| Diluted Earnings Per Share | -$0.12 | -$0.27 |
| COMMON SHARES | ||
| Basic Shares Outstanding | 3.806M shares | |
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2015 Q3 | 2014 Q3 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $1.780M | $2.670M |
| YoY Change | -33.33% | -71.35% |
| Cash & Equivalents | $1.783M | $2.668M |
| Short-Term Investments | ||
| Other Short-Term Assets | $40.00K | $50.00K |
| YoY Change | -20.0% | -70.59% |
| Inventory | ||
| Prepaid Expenses | $36.30K | $53.58K |
| Receivables | ||
| Other Receivables | ||
| Total Short-Term Assets | $1.820M | $2.722M |
| YoY Change | -33.14% | -71.33% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $1.210M | |
| YoY Change | 0.0% | |
| Goodwill | ||
| YoY Change | ||
| Intangibles | ||
| YoY Change | ||
| Long-Term Investments | $0.00 | |
| YoY Change | ||
| Other Assets | $0.00 | $225.0K |
| YoY Change | -100.0% | 0.0% |
| Total Long-Term Assets | $0.00 | $1.434M |
| YoY Change | -100.0% | 0.0% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $1.820M | $2.722M |
| Total Long-Term Assets | $0.00 | $1.434M |
| Total Assets | $1.820M | $4.156M |
| YoY Change | -56.21% | -61.97% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $9.056K | $209.2K |
| YoY Change | -95.67% | -94.72% |
| Accrued Expenses | $129.1K | $19.26K |
| YoY Change | 570.48% | 293.22% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | ||
| YoY Change | ||
| Total Short-Term Liabilities | $138.2K | $228.4K |
| YoY Change | -39.51% | -94.25% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Other Long-Term Liabilities | ||
| YoY Change | ||
| Total Long-Term Liabilities | $0.00 | $0.00 |
| YoY Change | ||
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $138.2K | $228.4K |
| Total Long-Term Liabilities | $0.00 | $0.00 |
| Total Liabilities | $140.0K | $230.0K |
| YoY Change | -39.13% | -94.21% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | -$31.51M | -$28.48M |
| YoY Change | 10.61% | 16.61% |
| Common Stock | $33.19M | $32.41M |
| YoY Change | 2.39% | 3.27% |
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $1.682M | $3.927M |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $1.820M | $4.156M |
| YoY Change | -56.21% | -61.97% |
Cashflow Statement
| Concept | 2015 Q3 | 2014 Q3 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | -$450.5K | -$1.037M |
| YoY Change | -56.57% | -83.21% |
| Depreciation, Depletion And Amortization | ||
| YoY Change | ||
| Cash From Operating Activities | -$163.6K | -$780.2K |
| YoY Change | -79.03% | -78.35% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | ||
| YoY Change | ||
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | $0.00 | |
| YoY Change | -100.0% | |
| Cash From Investing Activities | $0.00 | |
| YoY Change | -100.0% | |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | ||
| YoY Change | ||
| NET CHANGE | ||
| Cash From Operating Activities | -$163.6K | -$780.2K |
| Cash From Investing Activities | $0.00 | |
| Cash From Financing Activities | ||
| Net Change In Cash | -$163.6K | -$780.2K |
| YoY Change | -79.03% | -78.93% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | -$163.6K | -$780.2K |
| Capital Expenditures | ||
| Free Cash Flow | ||
| YoY Change |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2015Q1 | ctgo |
Additionaleconomicinterestsellable
ADDITIONALECONOMICINTERESTSELLABLE
|
0.2 | |
| CY2015Q1 | ctgo |
Acreageof Unpatented Mining Claims Alaska
AcreageofUnpatentedMiningClaimsAlaska
|
71896 | acre |
| CY2015Q3 | ctgo |
Additionalnewminingclaimsstateof Alaska
AdditionalnewminingclaimsstateofAlaska
|
59 | |
| CY2015Q3 | ctgo |
Contango Joint Venture Percentage
ContangoJointVenturePercentage
|
1.00 | |
| CY2015Q1 | ctgo |
Contango Joint Venture Percentage
ContangoJointVenturePercentage
|
1.00 | |
| CY2014Q3 | ctgo |
Costs Of Unproved Properties Excluded From Amortization Mining Properties Period Cost
CostsOfUnprovedPropertiesExcludedFromAmortizationMiningPropertiesPeriodCost
|
139608 | USD |
| CY2015Q3 | ctgo |
Costs Of Unproved Properties Excluded From Amortization Mining Properties Period Cost
CostsOfUnprovedPropertiesExcludedFromAmortizationMiningPropertiesPeriodCost
|
14425 | USD |
| CY2011Q2 | ctgo |
Decrease In Royalty Rates
DecreaseInRoyaltyRates
|
0.0025 | |
| CY2011Q3 | ctgo |
Decrease In Royalty Rates
DecreaseInRoyaltyRates
|
0.0050 | |
| CY2014Q3 | ctgo |
Exploration Costs And Claim Rentals Mining Properties Period Cost
ExplorationCostsAndClaimRentalsMiningPropertiesPeriodCost
|
139608 | USD |
| CY2015Q3 | ctgo |
Exploration Costs And Claim Rentals Mining Properties Period Cost
ExplorationCostsAndClaimRentalsMiningPropertiesPeriodCost
|
14425 | USD |
| CY2015Q1 | ctgo |
Jointadventureinterestretainedinthe Company
JointadventureinterestretainedintheCompany
|
0.60 | |
| CY2015Q1 | ctgo |
Jointadventureinvestment
Jointadventureinvestment
|
45700000 | USD |
| CY2015Q3 | ctgo |
Numberofsharespreferentialrightwillallowholdertopurchase
Numberofsharespreferentialrightwillallowholdertopurchase
|
1/100 | |
| CY2014Q3 | ctgo |
Options And Warrants Outstanding
OptionsAndWarrantsOutstanding
|
1675999 | shares |
| CY2015Q3 | ctgo |
Options And Warrants Outstanding
OptionsAndWarrantsOutstanding
|
1675999 | shares |
| CY2011Q2 | ctgo |
Payment By Leasor To Reduce Royalty Rate
PaymentByLeasorToReduceRoyaltyRate
|
75000 | USD |
| CY2011Q3 | ctgo |
Payment By Leasor To Reduce Royalty Rate
PaymentByLeasorToReduceRoyaltyRate
|
150000 | USD |
| CY2012Q4 | ctgo |
Rate Of Rights Distribution
RateOfRightsDistribution
|
1 | |
| ctgo |
Remainingsharestobevested
Remainingsharestobevested
|
two-thirds | ||
| CY2015Q1 | ctgo |
Restrictedstockissuedshares
Restrictedstockissuedshares
|
10000 | shares |
| CY2015Q1 | ctgo |
Restrictedstockissuedshares Directors
RestrictedstockissuedsharesDIRECTORS
|
30000 | shares |
| CY2015Q3 | ctgo |
Restrictedstockissuedshares Director Sunvested
RestrictedstockissuedsharesDIRECTORSunvested
|
20000 | shares |
| CY2015Q1 | ctgo |
Royal Goldaggregateamountofinvestment
RoyalGoldaggregateamountofinvestment
|
30000000 | USD |
| CY2015Q1 | ctgo |
Royal Goldinitialinvestment
RoyalGoldinitialinvestment
|
5000000 | USD |
| CY2015Q1 | ctgo |
Royal Goldpercentageofinterest
RoyalGoldpercentageofinterest
|
0.00 | |
| CY2015Q1 | ctgo |
Royalgoldadditionalinvestment
Royalgoldadditionalinvestment
|
750000 | USD |
| CY2015Q3 | ctgo |
Unpatentedminingclaims Eagle
UnpatentedminingclaimsEagle
|
9439 | acre |
| dei |
Amendment Flag
AmendmentFlag
|
false | ||
| dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--06-30 | ||
| dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q1 | ||
| dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2016 | ||
| dei |
Document Period End Date
DocumentPeriodEndDate
|
2015-09-30 | ||
| dei |
Document Type
DocumentType
|
10-Q | ||
| dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001502377 | ||
| CY2015Q4 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
3904540 | 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 | ||
| CY2015Q2 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
24876 | USD |
| CY2015Q3 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
9056 | USD |
| CY2015Q2 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
78104 | USD |
| CY2015Q3 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
129135 | USD |
| CY2015Q3 | us-gaap |
Accrued Rent Current And Noncurrent
AccruedRentCurrentAndNoncurrent
|
11000 | USD |
| CY2015Q2 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
32928038 | USD |
| CY2015Q3 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
33148378 | USD |
| CY2014Q3 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
169851 | USD |
| CY2015Q3 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
220623 | USD |
| CY2015Q2 | us-gaap |
Assets
Assets
|
2014430 | USD |
| CY2015Q3 | us-gaap |
Assets
Assets
|
1819772 | USD |
| CY2015Q2 | us-gaap |
Assets Current
AssetsCurrent
|
2014430 | USD |
| CY2015Q3 | us-gaap |
Assets Current
AssetsCurrent
|
1819772 | USD |
| CY2014Q3 | us-gaap |
Carrying Costs Property And Exploration Rights
CarryingCostsPropertyAndExplorationRights
|
39019 | USD |
| CY2015Q3 | us-gaap |
Carrying Costs Property And Exploration Rights
CarryingCostsPropertyAndExplorationRights
|
14425 | USD |
| CY2014Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
3448501 | USD |
| CY2014Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
2668322 | USD |
| CY2015Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
1947046 | USD |
| CY2015Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
1783475 | USD |
| CY2014Q3 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-780179 | USD |
| CY2015Q3 | us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-163571 | USD |
| CY2012Q4 | us-gaap |
Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
|
80 | |
| CY2015Q3 | us-gaap |
Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
|
1675999 | shares |
| CY2012Q4 | us-gaap |
Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
|
0.01 | shares |
| CY2015Q2 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
| CY2015Q3 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
| CY2015Q2 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
30000000 | shares |
| CY2015Q3 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
30000000 | shares |
| CY2015Q2 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
3876206 | shares |
| CY2015Q3 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
3904540 | shares |
| CY2015Q2 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
3876206 | shares |
| CY2015Q3 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
3904540 | shares |
| CY2015Q2 | us-gaap |
Common Stock Value
CommonStockValue
|
38762 | USD |
| CY2015Q3 | us-gaap |
Common Stock Value
CommonStockValue
|
39045 | USD |
| CY2014Q3 | us-gaap |
Costs And Expenses
CostsAndExpenses
|
1037170 | USD |
| CY2015Q3 | us-gaap |
Costs And Expenses
CostsAndExpenses
|
450492 | USD |
| CY2014Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.27 | |
| CY2015Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.12 | |
| CY2014Q3 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
0.27 | |
| CY2015Q3 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
0.12 | |
| CY2014Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.27 | |
| CY2015Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.12 | |
| CY2015Q3 | us-gaap |
Equity Method Investment Summarized Financial Information Net Income Loss
EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss
|
3314309 | USD |
| CY2015Q3 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
283 | USD |
| CY2015Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
1911450 | USD |
| CY2015Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
1681581 | USD |
| CY2014Q3 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
3805539 | shares |
| CY2015Q3 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
3880210 | shares |
| CY2015Q2 | us-gaap |
Equity Method Investments
EquityMethodInvestments
|
0 | USD |
| CY2015Q3 | us-gaap |
Equity Method Investments
EquityMethodInvestments
|
0 | USD |
| CY2014Q3 | us-gaap |
Exploration Expense Mining
ExplorationExpenseMining
|
100589 | USD |
| CY2015Q3 | us-gaap |
Exploration Expense Mining
ExplorationExpenseMining
|
0 | USD |
| CY2014Q3 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
897562 | USD |
| CY2015Q3 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
436067 | USD |
| us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
5600000 | USD | |
| CY2014Q3 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
0 | USD |
| CY2015 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
-1433886 | USD |
| CY2015Q3 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
0 | USD |
| CY2014Q3 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
41815 | USD |
| CY2015Q3 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
35211 | USD |
| CY2014Q3 | us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
-45325 | USD |
| CY2015Q3 | us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
-31087 | USD |
| CY2015Q1 | us-gaap |
Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
|
1433886 | USD |
| CY2015Q2 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
2014430 | USD |
| CY2015Q3 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
1819772 | USD |
| CY2015Q2 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
102980 | USD |
| CY2015Q3 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
138191 | USD |
| CY2014Q3 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-780179 | USD |
| CY2015Q3 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-163571 | USD |
| CY2014Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1037170 | USD |
| CY2015Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-450492 | USD |
| CY2015Q2 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
0 | USD |
| CY2015Q3 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
0 | USD |
| CY2015Q3 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
15000000 | shares |
| CY2015Q2 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
67384 | USD |
| CY2015Q3 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
36297 | USD |
| CY2015Q1 | us-gaap |
Profit Loss
ProfitLoss
|
-450492 | USD |
| CY2015Q2 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-31055350 | USD |
| CY2015Q3 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-31505842 | USD |
| CY2014Q3 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
169851 | USD |
| CY2015Q3 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
220623 | USD |
| CY2014Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
|
27000 | shares |
| CY2011Q3 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
13.13 | |
| CY2012Q3 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
10.25 | |
| CY2012Q4 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
10.20 | |
| CY2013Q2 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
10.00 | |
| CY2014Q3 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
10.01 | |
| CY2015Q1 | us-gaap |
Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Exercisable Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions
|
10000 | shares |
| CY2015Q3 | us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
28334 | shares |
| CY2015Q3 | us-gaap |
Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
|
-283 | USD |
| CY2015Q3 | us-gaap |
Stock Issued During Period Value Share Based Compensation Gross
StockIssuedDuringPeriodValueShareBasedCompensationGross
|
220623 | USD |
| CY2015Q3 | 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, 2015. The results of operations for the three months ended September 30, 2015 are not necessarily indicative of the results that may be expected for the fiscal year ending June 30, 2016.</font></div></div> | |
| CY2015Q3 | us-gaap |
Description Of New Accounting Pronouncements Not Yet Adopted
DescriptionOfNewAccountingPronouncementsNotYetAdopted
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Recently Issued Accounting Pronouncements. </font><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%;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;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;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> | |
| CY2015Q3 | us-gaap |
Use Of Estimates
UseOfEstimates
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<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> |
