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6-K Filing

GOLD RESERVE LTD CIK: 1072725 Q1 2014
Filing Information
Form Type 6-K
Accession Number 0001072725-14-000022
Period End Date 20140331
Filing Date 20140523
Fiscal Year 2014
Fiscal Period Q1
XBRL Instance gdrzf-20140331.xml
Filing Contents
Balance Sheet 47 line items
Line Item Tag Value Unit Period
Cash and cash equivalents (Note 3) CashAndCashEquivalentsAtCarryingValue $6.37M USD Point-in-time
Cash and cash equivalents (Note 3) CashAndCashEquivalentsAtCarryingValue $1.61M USD Point-in-time
Cash and cash equivalents (Note 3) CashAndCashEquivalentsAtCarryingValue $2.98M USD Point-in-time
Cash and cash equivalents (Note 3) CashAndCashEquivalentsAtCarryingValue $8.35M USD Point-in-time
Cash and cash equivalents (Note 3) CashAndCashEquivalentsAtCarryingValue $60.96M USD Point-in-time
Marketable securities (Notes 4 and 5) MarketableSecuritiesCurrent $354.81K USD Point-in-time
Marketable securities (Notes 4 and 5) MarketableSecuritiesCurrent $318.44K USD Point-in-time
Deposits, advances and other OtherAssetsCurrent $159.19K USD Point-in-time
Deposits, advances and other OtherAssetsCurrent $239.96K USD Point-in-time
Total current assets AssetsCurrent $3.45M USD Point-in-time
Issued and outstanding CommonStockSharesOutstanding 75.56M shares Point-in-time
Issued and outstanding CommonStockSharesOutstanding 75.52M shares Point-in-time
Total current assets AssetsCurrent $2.20M USD Point-in-time
Property, plant and equipment, net (Note 6) PropertyPlantAndEquipmentNet $19.30M USD Point-in-time
Property, plant and equipment, net (Note 6) PropertyPlantAndEquipmentNet $19.30M USD Point-in-time
Issued and outstanding IssuedAndOutstanding 500,236.00 shares Point-in-time
Issued and outstanding IssuedAndOutstanding 500,236.00 shares Point-in-time
Total assets Assets $22.76M USD Point-in-time
Total assets Assets $21.51M USD Point-in-time
Accounts payable and accrued expenses AccountsPayableAndAccruedLiabilitiesCurrent $615.27K USD Point-in-time
Accounts payable and accrued expenses AccountsPayableAndAccruedLiabilitiesCurrent $530.30K USD Point-in-time
Accrued interest InterestPayableCurrent $426.63K USD Point-in-time
Accrued interest InterestPayableCurrent $64.26K USD Point-in-time
Total current liabilities LiabilitiesCurrent $956.93K USD Point-in-time
Total current liabilities LiabilitiesCurrent $679.53K USD Point-in-time
Convertible notes (Notes 10 and 11) ConvertibleDebtNoncurrent $25.18M USD Point-in-time
Convertible notes (Notes 10 and 11) ConvertibleDebtNoncurrent $24.00M USD Point-in-time
Other (Note 10) OtherLiabilitiesNoncurrent $1.01M USD Point-in-time
Other (Note 10) OtherLiabilitiesNoncurrent $1.01M USD Point-in-time
Total liabilities Liabilities $25.69M USD Point-in-time
Total liabilities Liabilities $27.15M USD Point-in-time
Common shares and equity units CommonStockValue $289.15M USD Point-in-time
Common shares and equity units CommonStockValue $289.27M USD Point-in-time
Contributed Surplus ContributedSurplus $5.17M USD Point-in-time
Contributed Surplus ContributedSurplus $5.17M USD Point-in-time
Warrants WarrantsNotSettleableInCashFairValueDisclosure $543.91K USD Point-in-time
Warrants WarrantsNotSettleableInCashFairValueDisclosure $543.91K USD Point-in-time
Stock options (Note 8) StockOptions $19.80M USD Point-in-time
Stock options (Note 8) StockOptions $19.85M USD Point-in-time
Accumulated deficit AccumulatedDeficit $317.65M USD Point-in-time
Accumulated deficit AccumulatedDeficit $320.46M USD Point-in-time
Accumulated other comprehensive income (loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $-2.57K USD Point-in-time
Accumulated other comprehensive income (loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $33.80K USD Point-in-time
Total shareholders' deficit StockholdersEquity $-2.93M USD Point-in-time
Total shareholders' deficit StockholdersEquity $-5.64M USD Point-in-time
Total liabilities and shareholders' equity LiabilitiesAndStockholdersEquity $22.76M USD Point-in-time
Total liabilities and shareholders' equity LiabilitiesAndStockholdersEquity $21.51M USD Point-in-time
Income Statement 19 line items
Line Item Tag Value Unit Period
Net loss for the period NetLossForThePeriod $-73.52M USD 17 Qtrs
Net loss for the period NetLossForThePeriod $-3.21M USD 1 Quarter
Net loss for the period NetLossForThePeriod $-2.81M USD 1 Quarter
Unrealized gain (loss) on marketable securities (Note 4) OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $36.37K USD 1 Quarter
Unrealized gain (loss) on marketable securities (Note 4) OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $716.45K USD 17 Qtrs
Unrealized gain (loss) on marketable securities (Note 4) OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $-79.45K USD 1 Quarter
Adjustment for realized (gains) losses included in net loss AdjustmentForRealizedGainsLossesIncludedInNetLoss $-1.02M USD 17 Qtrs
Adjustment for realized (gains) losses included in net loss AdjustmentForRealizedGainsLossesIncludedInNetLoss - USD 1 Quarter
Adjustment for realized (gains) losses included in net loss AdjustmentForRealizedGainsLossesIncludedInNetLoss - USD 1 Quarter
Impairment of marketable securities ImpairmentOfMarketableSecurities - USD 1 Quarter
Impairment of marketable securities ImpairmentOfMarketableSecurities $612.22K USD 17 Qtrs
Impairment of marketable securities ImpairmentOfMarketableSecurities - USD 1 Quarter
Impairment of marketable securities ImpairmentOfMarketableSecurities $178.25K USD Annual
Other comprehensive income (loss) OtherComprehensiveIncomeLoss $-79.45K USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLoss $36.37K USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLoss $311.02K USD 17 Qtrs
Comprehensive loss for the period ComprehensiveLossForThePeriod $-2.78M USD 1 Quarter
Comprehensive loss for the period ComprehensiveLossForThePeriod $-73.21M USD 17 Qtrs
Comprehensive loss for the period ComprehensiveLossForThePeriod $-3.29M USD 1 Quarter
Cash Flow Statement 94 line items
Line Item Tag Value Unit Period
Net loss for the period ProfitLoss $-3.21M USD 1 Quarter
Net loss for the period ProfitLoss $-2.81M USD 1 Quarter
Net loss for the period ProfitLoss $-73.52M USD 17 Qtrs
Stock option compensation StockOptionPlanExpense $135.25K USD 1 Quarter
Stock option compensation StockOptionPlanExpense $6.10M USD 17 Qtrs
Stock option compensation StockOptionPlanExpense - USD 1 Quarter
Depreciation Depreciation $2.82K USD 1 Quarter
Depreciation Depreciation $242.28K USD 17 Qtrs
Depreciation Depreciation $5.16K USD 1 Quarter
Gain on settlement of debt GainOnExtinguishmentOfDebt $-8.09M USD 17 Qtrs
Gain on settlement of debt GainOnExtinguishmentOfDebt - USD 1 Quarter
Gain on settlement of debt GainOnExtinguishmentOfDebt - USD 1 Quarter
Gain on sale of equipment GainLossOnSaleOfPropertyPlantEquipment - USD 1 Quarter
Gain on sale of equipment GainLossOnSaleOfPropertyPlantEquipment - USD 1 Quarter
Gain on sale of equipment GainLossOnSaleOfPropertyPlantEquipment $-1.98M USD 17 Qtrs
Gain on sale of subsidiaries GainOnSaleOfSubsidiaries - USD 1 Quarter
Gain on sale of subsidiaries GainOnSaleOfSubsidiaries - USD 1 Quarter
Gain on sale of subsidiaries GainOnSaleOfSubsidiaries $-474.58K USD 17 Qtrs
Write-down of machinery and equipment ImpairmentOfLongLivedAssetsToBeDisposedOf - USD 1 Quarter
Write-down of machinery and equipment ImpairmentOfLongLivedAssetsToBeDisposedOf $4.47M USD 17 Qtrs
Write-down of machinery and equipment ImpairmentOfLongLivedAssetsToBeDisposedOf - USD 1 Quarter
Amortization of premium on marketable debt securities AmortizationOfDebtDiscountPremium $175.02K USD 17 Qtrs
Amortization of premium on marketable debt securities AmortizationOfDebtDiscountPremium - USD 1 Quarter
Amortization of premium on marketable debt securities AmortizationOfDebtDiscountPremium - USD 1 Quarter
Accretion of convertible notes AccretionExpense $8.10M USD 17 Qtrs
Accretion of convertible notes AccretionExpense $1.18M USD 1 Quarter
Accretion of convertible notes AccretionExpense $916.28K USD 1 Quarter
Securities received in settlement of litigation SecuritiesReceivedInSettlementOfLitigation - USD 1 Quarter
Securities received in settlement of litigation SecuritiesReceivedInSettlementOfLitigation $-101.48K USD 17 Qtrs
Securities received in settlement of litigation SecuritiesReceivedInSettlementOfLitigation - USD 1 Quarter
Net gain (loss) on sale of marketable securities GainLossOnSaleOfSecuritiesNet $-1.02M USD 17 Qtrs
Net gain (loss) on sale of marketable securities GainLossOnSaleOfSecuritiesNet - USD 1 Quarter
Net gain (loss) on sale of marketable securities GainLossOnSaleOfSecuritiesNet - USD 1 Quarter
Impairment of marketable securities MarketableSecuritiesRealizedGainLossOtherThanTemporaryImpairmentsAmount - USD 1 Quarter
Impairment of marketable securities MarketableSecuritiesRealizedGainLossOtherThanTemporaryImpairmentsAmount - USD 1 Quarter
Impairment of marketable securities MarketableSecuritiesRealizedGainLossOtherThanTemporaryImpairmentsAmount $612.22K USD 17 Qtrs
Shares issued for compensation StockGrantedDuringPeriodValueSharebasedCompensation $5.83K USD 1 Quarter
Shares issued for compensation StockGrantedDuringPeriodValueSharebasedCompensation $4.16M USD 17 Qtrs
Shares issued for compensation StockGrantedDuringPeriodValueSharebasedCompensation - USD 1 Quarter
Net (increase) decrease in deposits and advances IncreaseDecreaseInDeposits $233.30K USD 17 Qtrs
Net (increase) decrease in deposits and advances IncreaseDecreaseInDeposits $-284.52K USD 1 Quarter
Net (increase) decrease in deposits and advances IncreaseDecreaseInDeposits $-80.77K 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 $-2.80M USD 17 Qtrs
Net increase (decrease) in accounts payable and accrued expenses IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $277.39K USD 1 Quarter
Net cash used in operating activities NetCashProvidedByUsedInOperatingActivities $-2.08M USD 1 Quarter
Net cash used in operating activities NetCashProvidedByUsedInOperatingActivities $-63.89M USD 17 Qtrs
Net cash used in operating activities NetCashProvidedByUsedInOperatingActivities $-1.43M USD 1 Quarter
Proceeds from disposition of marketable securities ProceedsFromSaleAndMaturityOfMarketableSecurities - USD 1 Quarter
Proceeds from disposition of marketable securities ProceedsFromSaleAndMaturityOfMarketableSecurities $12.85M USD 17 Qtrs
Proceeds from disposition of marketable securities ProceedsFromSaleAndMaturityOfMarketableSecurities - USD 1 Quarter
Purchase of marketable securities PaymentsToAcquireMarketableSecurities - USD 1 Quarter
Purchase of marketable securities PaymentsToAcquireMarketableSecurities - USD 1 Quarter
Purchase of marketable securities PaymentsToAcquireMarketableSecurities $1.73M USD 17 Qtrs
Purchase of property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment - USD 1 Quarter
Purchase of property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment - USD 1 Quarter
Purchase of property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $9.83M USD 17 Qtrs
Proceeds from sales of equipment ProceedsFromSaleOfPropertyPlantAndEquipment $25.65M USD 17 Qtrs
Proceeds from sales of equipment ProceedsFromSaleOfPropertyPlantAndEquipment - USD 1 Quarter
Proceeds from sales of equipment ProceedsFromSaleOfPropertyPlantAndEquipment - USD 1 Quarter
Decrease in restricted cash IncreaseDecreaseInRestrictedCash - USD 1 Quarter
Decrease in restricted cash IncreaseDecreaseInRestrictedCash - USD 1 Quarter
Decrease in restricted cash IncreaseDecreaseInRestrictedCash $-9.49M USD 17 Qtrs
Deconsolidation of subsidiaries CashDivestedFromDeconsolidation $1.43M USD 17 Qtrs
Deconsolidation of subsidiaries CashDivestedFromDeconsolidation - USD 1 Quarter
Deconsolidation of subsidiaries CashDivestedFromDeconsolidation - USD 1 Quarter
Net cash provided by investing activities NetCashProvidedByUsedInInvestingActivities - USD 1 Quarter
Net cash provided by investing activities NetCashProvidedByUsedInInvestingActivities - USD 1 Quarter
Net cash provided by investing activities NetCashProvidedByUsedInInvestingActivities $35.00M USD 17 Qtrs
Net proceeds from the issuance of common shares ProceedsFromIssuanceOfCommonStock $5.91M USD 17 Qtrs
Net proceeds from the issuance of common shares ProceedsFromIssuanceOfCommonStock $103.52K USD 1 Quarter
Net proceeds from the issuance of common shares ProceedsFromIssuanceOfCommonStock $68.25K USD 1 Quarter
Restructure fees RestructureFees - USD 1 Quarter
Restructure fees RestructureFees - USD 1 Quarter
Restructure fees RestructureFees $2.59M USD 17 Qtrs
Settlement of convertible notes EarlyRepaymentOfSeniorDebt $33.79M USD 17 Qtrs
Settlement of convertible notes EarlyRepaymentOfSeniorDebt - USD 1 Quarter
Settlement of convertible notes EarlyRepaymentOfSeniorDebt - USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $68.25K USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $103.52K USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $-30.46M USD 17 Qtrs
Net decrease in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-1.37M USD 1 Quarter
Net decrease in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-1.98M USD 1 Quarter
Net decrease in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-59.35M USD 17 Qtrs
Cash and cash equivalents - beginning of period CashAndCashEquivalentsAtCarryingValue $6.37M USD Point-in-time
Cash and cash equivalents - beginning of period CashAndCashEquivalentsAtCarryingValue $1.61M USD Point-in-time
Cash and cash equivalents - beginning of period CashAndCashEquivalentsAtCarryingValue $2.98M 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 $6.37M USD Point-in-time
Cash and cash equivalents - end of period CashAndCashEquivalentsAtCarryingValue $1.61M USD Point-in-time
Cash and cash equivalents - end of period CashAndCashEquivalentsAtCarryingValue $2.98M 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 11 line items
Line Item Tag Value Unit Period
Average share price of stock issued for exercised options AverageSharePriceOfStockIssuedForExercisedOptions $1.82 USD 1 Quarter
Average share price of stock issued for exercised options AverageSharePriceOfStockIssuedForExercisedOptions $0.43 USD Annual
Average share price of stock issued for private placement AverageSharePriceOfStockIssuedForPrivatePlacement $2.56 USD Annual
Average share price of stock issued for debt settlement AverageSharePriceOfStockIssuedForDebtSettlement $2.90 USD Annual
Balance StockholdersEquity $-2.93M USD Point-in-time
Balance StockholdersEquity $-5.64M USD Point-in-time
Net loss NetIncomeLoss $29.23K USD 1 Quarter
Net loss NetIncomeLoss $13.17M USD 17 Qtrs
Net loss NetIncomeLoss $-5.63K USD 1 Quarter
Balance StockholdersEquity $-2.93M USD Point-in-time
Balance StockholdersEquity $-5.64M USD Point-in-time

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

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