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6-K Filing

GOLD RESERVE LTD CIK: 1072725 Q1 2013
Filing Information
Form Type 6-K
Accession Number 0001072725-13-000027
Period End Date 20130331
Filing Date 20130516
Fiscal Year 2013
Fiscal Period Q1
XBRL Instance gdrzf-20130331.xml
Balance Sheet 45 line items
Line Item Tag Value Unit Period
Cash and cash equivalents (Note 4) CashAndCashEquivalentsAtCarryingValue $53.76M USD Point-in-time
Cash and cash equivalents (Note 4) CashAndCashEquivalentsAtCarryingValue $57.68M USD Point-in-time
Cash and cash equivalents (Note 4) CashAndCashEquivalentsAtCarryingValue $6.37M USD Point-in-time
Cash and cash equivalents (Note 4) CashAndCashEquivalentsAtCarryingValue $8.35M USD Point-in-time
Cash and cash equivalents (Note 4) CashAndCashEquivalentsAtCarryingValue $60.96M USD Point-in-time
Marketable securities (Notes 5, 6) MarketableSecuritiesCurrent $723.45K USD Point-in-time
Marketable securities (Notes 5, 6) MarketableSecuritiesCurrent $644.00K USD Point-in-time
Deposits, advances and other OtherAssetsCurrent $453.99K USD Point-in-time
Deposits, advances and other OtherAssetsCurrent $175.29K USD Point-in-time
Total current assets AssetsCurrent $9.25M USD Point-in-time
Issued and outstanding CommonStockSharesOutstanding 72.50M shares Point-in-time
Total current assets AssetsCurrent $7.46M USD Point-in-time
Issued and outstanding CommonStockSharesOutstanding 72.21M shares Point-in-time
Property, plant and equipment, net (Note 7) PropertyPlantAndEquipmentNet $19.19M USD Point-in-time
Property, plant and equipment, net (Note 7) PropertyPlantAndEquipmentNet $19.19M USD Point-in-time
Issued and outstanding IssuedAndOutstanding 500,236.00 shares Point-in-time
Total assets Assets $28.44M USD Point-in-time
Issued and outstanding IssuedAndOutstanding 500,236.00 shares Point-in-time
Total assets Assets $26.65M USD Point-in-time
Accounts payable and accrued expenses AccountsPayableAndAccruedLiabilitiesCurrent $914.98K USD Point-in-time
Accounts payable and accrued expenses AccountsPayableAndAccruedLiabilitiesCurrent $896.73K USD Point-in-time
Accrued interest InterestPayableCurrent $426.68K USD Point-in-time
Accrued interest InterestPayableCurrent $64.27K USD Point-in-time
Total current liabilities LiabilitiesCurrent $1.32M USD Point-in-time
Total current liabilities LiabilitiesCurrent $979.25K USD Point-in-time
Convertible notes (Note 11) ConvertibleDebtNoncurrent $20.94M USD Point-in-time
Convertible notes (Note 11) ConvertibleDebtNoncurrent $20.03M USD Point-in-time
Other (Note 11) OtherLiabilitiesNoncurrent $1.01M USD Point-in-time
Other (Note 11) OtherLiabilitiesNoncurrent $1.01M USD Point-in-time
Total liabilities Liabilities $22.02M USD Point-in-time
Total liabilities Liabilities $23.28M USD Point-in-time
Common shares and equity units CommonStockValue $283.48M USD Point-in-time
Common shares and equity units CommonStockValue $283.66M USD Point-in-time
Contributed Surplus ContributedSurplus $5.17M USD Point-in-time
Contributed Surplus ContributedSurplus $5.17M USD Point-in-time
Stock options (Note 9) StockOptions $19.82M USD Point-in-time
Stock options (Note 9) StockOptions $19.76M USD Point-in-time
Accumulated deficit AccumulatedDeficit $305.42M USD Point-in-time
Accumulated deficit AccumulatedDeficit $302.21M USD Point-in-time
Accumulated other comprehensive income AccumulatedOtherComprehensiveIncomeLossNetOfTax $211.68K USD Point-in-time
Accumulated other comprehensive income AccumulatedOtherComprehensiveIncomeLossNetOfTax $132.23K USD Point-in-time
Total shareholders' equity StockholdersEquity $3.37M USD Point-in-time
Total shareholders' equity StockholdersEquity $6.42M USD Point-in-time
Total liabilities and shareholders' equity LiabilitiesAndStockholdersEquity $26.65M USD Point-in-time
Total liabilities and shareholders' equity LiabilitiesAndStockholdersEquity $28.44M USD Point-in-time
Income Statement 64 line items
Line Item Tag Value Unit Period
Interest OtherInterestAndDividendIncome $375.16K USD 13 Qtrs
Interest OtherInterestAndDividendIncome $1.23K USD 1 Quarter
Interest OtherInterestAndDividendIncome $305.00 USD 1 Quarter
Litigation settlement GainLossRelatedToLitigationSettlement - USD 1 Quarter
Litigation settlement GainLossRelatedToLitigationSettlement $1.89M USD 13 Qtrs
Litigation settlement GainLossRelatedToLitigationSettlement - USD 1 Quarter
Gain on sale of marketable securities GainLossOnSaleOfSecuritiesNet $7.37K USD 1 Quarter
Gain on sale of marketable securities GainLossOnSaleOfSecuritiesNet $1.02M USD 13 Qtrs
Gain on sale of marketable securities GainLossOnSaleOfSecuritiesNet - USD 1 Quarter
Loss on impairment of marketable securities ImpairmentOfInvestments $433.97K USD 13 Qtrs
Loss on impairment of marketable securities ImpairmentOfInvestments - USD 1 Quarter
Loss on impairment of marketable securities ImpairmentOfInvestments - USD 1 Quarter
Gain on sale of equipment GainsLossesOnSalesOfAssets $1.98M USD 13 Qtrs
Gain on sale of equipment GainsLossesOnSalesOfAssets - USD 1 Quarter
Gain on sale of equipment GainsLossesOnSalesOfAssets - USD 1 Quarter
Gain on sale of subsidiaries GainLossOnSaleOfStockInSubsidiaryOrEquityMethodInvestee - USD 1 Quarter
Gain on sale of subsidiaries GainLossOnSaleOfStockInSubsidiaryOrEquityMethodInvestee - USD 1 Quarter
Gain on sale of subsidiaries GainLossOnSaleOfStockInSubsidiaryOrEquityMethodInvestee $474.58K USD 13 Qtrs
Gain on settlement of debt GainsLossesOnExtinguishmentOfDebt - USD 1 Quarter
Gain on settlement of debt GainsLossesOnExtinguishmentOfDebt $8.09M USD 13 Qtrs
Gain on settlement of debt GainsLossesOnExtinguishmentOfDebt - USD 1 Quarter
Foreign currency (loss) gain ForeignCurrencyTransactionGainLossBeforeTax $1.31K USD 1 Quarter
Foreign currency (loss) gain ForeignCurrencyTransactionGainLossBeforeTax $-19.92K USD 13 Qtrs
Foreign currency (loss) gain ForeignCurrencyTransactionGainLossBeforeTax $28.93K USD 1 Quarter
Total OTHER INCOME TotalOtherIncome $13.38M USD 13 Qtrs
Total OTHER INCOME TotalOtherIncome $9.92K USD 1 Quarter
Total OTHER INCOME TotalOtherIncome $29.23K USD 1 Quarter
Corporate general and administrative GeneralAndAdministrativeExpense $2.33M USD 1 Quarter
Corporate general and administrative GeneralAndAdministrativeExpense $17.44M USD 13 Qtrs
Corporate general and administrative GeneralAndAdministrativeExpense $763.47K USD 1 Quarter
Exploration ExplorationExpense $251.81K USD 1 Quarter
Exploration ExplorationExpense $285.40K USD 1 Quarter
Exploration ExplorationExpense $2.48M USD 13 Qtrs
Legal and accounting LegalAndAccounting $101.39K USD 1 Quarter
Legal and accounting LegalAndAccounting $229.84K USD 1 Quarter
Legal and accounting LegalAndAccounting $2.69M USD 13 Qtrs
Venezuelan operations VenezuelanOperations $63.81K USD 1 Quarter
Venezuelan operations VenezuelanOperations $286.55K USD 1 Quarter
Venezuelan operations VenezuelanOperations $3.53M USD 13 Qtrs
Arbitration (Note 3) ArbitrationNote $438.67K USD 1 Quarter
Arbitration (Note 3) ArbitrationNote $2.69M USD 1 Quarter
Arbitration (Note 3) ArbitrationNote $16.80M USD 13 Qtrs
Equipment holding costs EquipmentHoldingCosts $210.03K USD 1 Quarter
Equipment holding costs EquipmentHoldingCosts $4.48M USD 13 Qtrs
Equipment holding costs EquipmentHoldingCosts $356.53K USD 1 Quarter
Write-down of machinery and equipment ImpairmentOfLongLivedAssetsToBeDisposedOf - USD 1 Quarter
Write-down of machinery and equipment ImpairmentOfLongLivedAssetsToBeDisposedOf - USD 1 Quarter
Write-down of machinery and equipment ImpairmentOfLongLivedAssetsToBeDisposedOf $4.47M USD 13 Qtrs
Total EXPENSES TotalExpenses $6.05M USD 1 Quarter
Total EXPENSES TotalExpenses $51.90M USD 13 Qtrs
Total EXPENSES TotalExpenses $1.96M USD 1 Quarter
Loss before interest expense LossBeforeInterestExpenses $-1.93M USD 1 Quarter
Loss before interest expense LossBeforeInterestExpenses $-38.52M USD 13 Qtrs
Loss before interest expense LossBeforeInterestExpenses $-6.04M USD 1 Quarter
Interest expense InterestExpense $1.28M USD 1 Quarter
Interest expense InterestExpense $19.96M USD 13 Qtrs
Interest expense InterestExpense $1.69M USD 1 Quarter
Net loss for the period ProfitLoss $-58.48M USD 13 Qtrs
Net loss for the period ProfitLoss $-3.21M USD 1 Quarter
Net loss for the period ProfitLoss $-7.72M USD 1 Quarter
Net loss per share, basic and diluted EarningsPerShareBasicAndDiluted $-0.13 USD 1 Quarter
Net loss per share, basic and diluted EarningsPerShareBasicAndDiluted $-0.04 USD 1 Quarter
Weighted average common shares outstanding WeightedAverageNumberOfDilutedSharesOutstanding 72.74M shares 1 Quarter
Weighted average common shares outstanding WeightedAverageNumberOfDilutedSharesOutstanding 60.02M shares 1 Quarter
Cash Flow Statement 94 line items
Line Item Tag Value Unit Period
Net loss for the period ProfitLoss $-58.48M USD 13 Qtrs
Net loss for the period ProfitLoss $-3.21M USD 1 Quarter
Net loss for the period ProfitLoss $-7.72M USD 1 Quarter
Stock option compensation StockOptionPlanExpense $1.14M USD 1 Quarter
Stock option compensation StockOptionPlanExpense $135.25K USD 1 Quarter
Stock option compensation StockOptionPlanExpense $5.64M USD 13 Qtrs
Depreciation Depreciation $6.09K USD 1 Quarter
Depreciation Depreciation $5.16K USD 1 Quarter
Depreciation Depreciation $228.84K USD 13 Qtrs
Gain on settlement of debt GainOnExtinguishmentOfDebt - USD 1 Quarter
Gain on settlement of debt GainOnExtinguishmentOfDebt $-8.09M USD 13 Qtrs
Gain on settlement of debt GainOnExtinguishmentOfDebt - USD 1 Quarter
Gain on sale of equipment GainLossOnSaleOfPropertyPlantEquipment - USD 1 Quarter
Gain on sale of equipment GainLossOnSaleOfPropertyPlantEquipment $-1.98M USD 13 Qtrs
Gain on sale of equipment GainLossOnSaleOfPropertyPlantEquipment - USD 1 Quarter
Gain on sale of subsidiaries GainOnSaleOfSubsidiaries - USD 1 Quarter
Gain on sale of subsidiaries GainOnSaleOfSubsidiaries $-474.58K USD 13 Qtrs
Gain on sale of subsidiaries GainOnSaleOfSubsidiaries - USD 1 Quarter
Write-down of machinery and equipment ImpairmentOfLongLivedAssetsToBeDisposedOf - USD 1 Quarter
Write-down of machinery and equipment ImpairmentOfLongLivedAssetsToBeDisposedOf - USD 1 Quarter
Write-down of machinery and equipment ImpairmentOfLongLivedAssetsToBeDisposedOf $4.47M USD 13 Qtrs
Amortization of premium on marketable debt securities AmortizationOfDebtDiscountPremium - USD 1 Quarter
Amortization of premium on marketable debt securities AmortizationOfDebtDiscountPremium $175.02K USD 13 Qtrs
Amortization of premium on marketable debt securities AmortizationOfDebtDiscountPremium - USD 1 Quarter
Accretion of convertible notes AccretionExpense $916.28K USD 1 Quarter
Accretion of convertible notes AccretionExpense $3.86M USD 13 Qtrs
Accretion of convertible notes AccretionExpense $279.44K USD 1 Quarter
Securities received in settlement of litigation PaymentsToAcquireAvailableForSaleSecurities $-101.48K USD 13 Qtrs
Securities received in settlement of litigation PaymentsToAcquireAvailableForSaleSecurities - USD 1 Quarter
Securities received in settlement of litigation PaymentsToAcquireAvailableForSaleSecurities - USD 1 Quarter
Net gain on sale of marketable securities MarketableSecuritiesGainLoss $-1.02M USD 13 Qtrs
Net gain on sale of marketable securities MarketableSecuritiesGainLoss $-7.37K USD 1 Quarter
Net gain on sale of marketable securities MarketableSecuritiesGainLoss - USD 1 Quarter
Impairment of marketable securities MarketableSecuritiesRealizedGainLossOtherThanTemporaryImpairmentsAmount - USD 1 Quarter
Impairment of marketable securities MarketableSecuritiesRealizedGainLossOtherThanTemporaryImpairmentsAmount - USD 1 Quarter
Impairment of marketable securities MarketableSecuritiesRealizedGainLossOtherThanTemporaryImpairmentsAmount $433.97K USD 13 Qtrs
Shares issued for compensation StockGrantedDuringPeriodValueSharebasedCompensation $5.83K USD 1 Quarter
Shares issued for compensation StockGrantedDuringPeriodValueSharebasedCompensation $780.33K USD 1 Quarter
Shares issued for compensation StockGrantedDuringPeriodValueSharebasedCompensation $4.16M USD 13 Qtrs
Net (increase) decrease in deposits and advances IncreaseDecreaseInDeposits $-284.52K USD 1 Quarter
Net (increase) decrease in deposits and advances IncreaseDecreaseInDeposits $-336.12K USD 1 Quarter
Net (increase) decrease in deposits and advances IncreaseDecreaseInDeposits $19.27K USD 13 Qtrs
Net increase (decrease) in accounts payable and accrued expenses IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $1.47M USD 1 Quarter
Net increase (decrease) in accounts payable and accrued expenses IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $344.17K USD 1 Quarter
Net increase (decrease) in accounts payable and accrued expenses IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-2.43M USD 13 Qtrs
Net cash used in operating activities NetCashProvidedByUsedInOperatingActivities $-4.39M USD 1 Quarter
Net cash used in operating activities NetCashProvidedByUsedInOperatingActivities $-53.58M USD 13 Qtrs
Net cash used in operating activities NetCashProvidedByUsedInOperatingActivities $-2.08M USD 1 Quarter
Proceeds from disposition of marketable securities ProceedsFromSaleAndMaturityOfMarketableSecurities $13.64K USD 1 Quarter
Proceeds from disposition of marketable securities ProceedsFromSaleAndMaturityOfMarketableSecurities - USD 1 Quarter
Proceeds from disposition of marketable securities ProceedsFromSaleAndMaturityOfMarketableSecurities $12.84M USD 13 Qtrs
Purchase of marketable securities PaymentsToAcquireMarketableSecurities - USD 1 Quarter
Purchase of marketable securities PaymentsToAcquireMarketableSecurities - USD 1 Quarter
Purchase of marketable securities PaymentsToAcquireMarketableSecurities $1.73M USD 13 Qtrs
Purchase of property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $1.71K USD 1 Quarter
Purchase of property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $9.71M USD 13 Qtrs
Purchase of property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment - USD 1 Quarter
Proceeds from sales of equipment ProceedsFromSaleOfPropertyPlantAndEquipment $25.65M USD 13 Qtrs
Proceeds from sales of equipment ProceedsFromSaleOfPropertyPlantAndEquipment - USD 1 Quarter
Proceeds from sales of equipment ProceedsFromSaleOfPropertyPlantAndEquipment $450.00K USD 1 Quarter
Decrease in restricted cash IncreaseDecreaseInRestrictedCash $-9.49M USD 13 Qtrs
Decrease in restricted cash IncreaseDecreaseInRestrictedCash - USD 1 Quarter
Decrease in restricted cash IncreaseDecreaseInRestrictedCash - USD 1 Quarter
Deconsolidation of subsidiaries CashDivestedFromDeconsolidation - USD 1 Quarter
Deconsolidation of subsidiaries CashDivestedFromDeconsolidation $1.43M USD 13 Qtrs
Deconsolidation of subsidiaries CashDivestedFromDeconsolidation - USD 1 Quarter
Net cash provided by investing activities NetCashProvidedByUsedInInvestingActivities $35.12M USD 13 Qtrs
Net cash provided by investing activities NetCashProvidedByUsedInInvestingActivities $461.94K USD 1 Quarter
Net cash provided by investing activities NetCashProvidedByUsedInInvestingActivities - USD 1 Quarter
Net proceeds from the issuance of common shares ProceedsFromIssuanceOfCommonStock $103.52K USD 1 Quarter
Net proceeds from the issuance of common shares ProceedsFromIssuanceOfCommonStock $244.88K USD 13 Qtrs
Net proceeds from the issuance of common shares ProceedsFromIssuanceOfCommonStock $9.10K USD 1 Quarter
Restructure fees RestructureFees - USD 1 Quarter
Restructure fees RestructureFees $2.59M USD 13 Qtrs
Restructure fees RestructureFees - USD 1 Quarter
Settlement of convertible notes EarlyRepaymentOfSeniorDebt - USD 1 Quarter
Settlement of convertible notes EarlyRepaymentOfSeniorDebt $33.79M USD 13 Qtrs
Settlement of convertible notes EarlyRepaymentOfSeniorDebt - USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $9.10K USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $-36.13M USD 13 Qtrs
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $103.52K USD 1 Quarter
Net decrease in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-1.98M USD 1 Quarter
Net decrease in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-3.92M USD 1 Quarter
Net decrease in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-54.60M USD 13 Qtrs
Cash and cash equivalents - beginning of period CashAndCashEquivalentsAtCarryingValue $53.76M USD Point-in-time
Cash and cash equivalents - beginning of period CashAndCashEquivalentsAtCarryingValue $57.68M USD Point-in-time
Cash and cash equivalents - beginning of period CashAndCashEquivalentsAtCarryingValue $6.37M USD Point-in-time
Cash and cash equivalents - beginning of period CashAndCashEquivalentsAtCarryingValue $8.35M USD Point-in-time
Cash and cash equivalents - beginning of period CashAndCashEquivalentsAtCarryingValue $60.96M USD Point-in-time
Cash and cash equivalents - end of period CashAndCashEquivalentsAtCarryingValue $53.76M USD Point-in-time
Cash and cash equivalents - end of period CashAndCashEquivalentsAtCarryingValue $57.68M USD Point-in-time
Cash and cash equivalents - end of period CashAndCashEquivalentsAtCarryingValue $6.37M USD Point-in-time
Cash and cash equivalents - end of period CashAndCashEquivalentsAtCarryingValue $8.35M USD Point-in-time
Cash and cash equivalents - end of period CashAndCashEquivalentsAtCarryingValue $60.96M USD Point-in-time
Stockholders Equity 10 line items
Line Item Tag Value Unit Period
Average share price of stock issued for excercisable options OptionExercisesShareAvg $1.56 USD Annual
Average share price of stock issued for excercisable options OptionExercisesShareAvg $0.36 USD 1 Quarter
Average share price of stock issued for services AverageSharePriceOfStockIssuedForServices $3.03 USD Annual
Balance StockholdersEquity $3.37M USD Point-in-time
Balance StockholdersEquity $6.42M USD Point-in-time
Other comprehensive income OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-79.45K USD 1 Quarter
Other comprehensive income OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-24.21K USD 1 Quarter
Other comprehensive income OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $409.46K USD 13 Qtrs
Balance StockholdersEquity $3.37M USD Point-in-time
Balance StockholdersEquity $6.42M USD Point-in-time
Comprehensive Income 19 line items
Line Item Tag Value Unit Period
Net loss for the period NetIncomeLoss $-7.72M USD 1 Quarter
Net loss for the period NetIncomeLoss $-58.48M USD 13 Qtrs
Net loss for the period NetIncomeLoss $-3.21M USD 1 Quarter
Unrealized gain (loss) on marketable securities (Note5) OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $-16.83K USD 1 Quarter
Unrealized gain (loss) on marketable securities (Note5) OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $-79.45K USD 1 Quarter
Unrealized gain (loss) on marketable securities (Note5) OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $997.18K USD 13 Qtrs
Adjustment for realized gains included in net loss AdjustmentForRealizedGainsIncludedInNetLoss - USD 1 Quarter
Adjustment for realized gains included in net loss AdjustmentForRealizedGainsIncludedInNetLoss $-7.37K USD 1 Quarter
Adjustment for realized gains included in net loss AdjustmentForRealizedGainsIncludedInNetLoss $-1.02M USD 13 Qtrs
Impairment of marketable securities ImpairmentOfMarketableSecurities $433.97K USD Annual
Impairment of marketable securities ImpairmentOfMarketableSecurities $433.97K USD 13 Qtrs
Impairment of marketable securities ImpairmentOfMarketableSecurities - USD 1 Quarter
Impairment of marketable securities ImpairmentOfMarketableSecurities - USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-79.45K USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-24.21K USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $409.46K USD 13 Qtrs
Comprehensive loss for the period ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-58.07M USD 13 Qtrs
Comprehensive loss for the period ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-7.75M USD 1 Quarter
Comprehensive loss for the period ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-3.29M USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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