Contango ORE Inc
For the period ended Jun 30, 2024. Filed Aug 13, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 13, 2024
CTGO$16.55+6.4%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Financial Statements
| June 30, 2024 | December 31, 2023 | |
|---|---|---|
| ASSETS | ||
| CURRENT ASSETS: | ||
| Cash | $24,118,918 | $15,504,819 |
| Restricted cash | 234,433 | 232,572 |
| Prepaid expenses and other | 1,278,663 | 1,112,910 |
| Total current assets | 25,632,014 | 16,850,301 |
| LONG-TERM ASSETS: | ||
| Investment in Peak Gold, LLC | 54,468,519 | 28,064,405 |
| Property & equipment, net | 13,279,522 | 13,326,347 |
| Commitment fee | 255,517 | 350,575 |
| Total long-term assets | 68,003,558 | 41,741,327 |
| TOTAL ASSETS | $93,635,572 | $58,591,628 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT) | ||
| CURRENT LIABILITIES: | ||
| Accounts payable | $790,613 | $250,739 |
| Accrued liabilities | 1,976,353 | 2,241,087 |
| Derivative contract liability | 17,869,326 | 2,679,784 |
| Debt, current portion | 29,900,000 | 7,900,000 |
| Total current liabilities | 50,536,292 | 13,071,610 |
| NON-CURRENT LIABILITIES: | ||
| Advance royalty reimbursement | 1,200,000 | 1,200,000 |
| Asset retirement obligations | 252,547 | 246,227 |
| Contingent consideration liability | 1,100,480 | 1,100,480 |
| Derivative contract liability | 33,727,276 | 20,737,997 |
| Debt, net | 44,698,449 | 36,779,859 |
| Total non-current liabilities | 80,978,752 | 60,064,563 |
| TOTAL LIABILITIES | 131,515,044 | 73,136,173 |
| COMMITMENTS AND CONTINGENCIES (NOTE 11) | ||
| STOCKHOLDERS’ EQUITY/(DEFICIT): | ||
| Preferred Stock, 15,000,000 shares authorized | — | — |
| Common Stock, $0.01 par value, 45,000,000 shares authorized; 10,365,914 shares issued and 10,363,434 shares outstanding as of June 30, 2024; 9,454,233 shares issued and 9,451,753 shares outstanding as of December 31, 2023 | 103,658 | 94,542 |
| Additional paid-in capital | 140,150,016 | 124,451,067 |
| Treasury stock at cost (2,480 at June 30, 2024; and 2,480 shares at December 31, 2023) | (48,308) | (48,308) |
| Accumulated deficit | (178,084,838) | (139,041,846) |
| TOTAL STOCKHOLDERS’ EQUITY/(DEFICIT) | (37,879,472) | (14,544,545) |
| TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY/(DEFICIT) | $93,635,572 | $58,591,628 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.