6-K Filing

GOLD RESERVE LTD CIK: 1072725 Q1 2015

Filing Information

Form Type	6-K
Accession Number	`0001072725-15-000021`
Period End Date	20150331
Filing Date	20150514
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	gdrzf-20150331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 48 Income Statement 28 Cash Flow Statement 28 Stockholders Equity 4 Comprehensive Income 8

Balance Sheet 48 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents (Note 4)	`CashAndCashEquivalentsAtCarryingValue`	$2.98M	USD	Point-in-time
Cash and cash equivalents (Note 4)	`CashAndCashEquivalentsAtCarryingValue`	$4.88M	USD	Point-in-time
Cash and cash equivalents (Note 4)	`CashAndCashEquivalentsAtCarryingValue`	$6.44M	USD	Point-in-time
Cash and cash equivalents (Note 4)	`CashAndCashEquivalentsAtCarryingValue`	$1.61M	USD	Point-in-time
Marketable securities (Notes 5 and 6)	`MarketableSecuritiesCurrent`	$203.48K	USD	Point-in-time
Marketable securities (Notes 5 and 6)	`MarketableSecuritiesCurrent`	$175.54K	USD	Point-in-time
Deposits, advances and other	`OtherAssetsCurrent`	$422.07K	USD	Point-in-time
Deposits, advances and other	`OtherAssetsCurrent`	$353.74K	USD	Point-in-time
Issued and outstanding	`CommonStockSharesOutstanding`	76.08M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$5.51M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$6.97M	USD	Point-in-time
Issued and outstanding	`CommonStockSharesOutstanding`	76.08M	shares	Point-in-time
Property, plant and equipment, net (Note 7)	`PropertyPlantAndEquipmentNet`	$12.44M	USD	Point-in-time
Property, plant and equipment, net (Note 7)	`PropertyPlantAndEquipmentNet`	$12.44M	USD	Point-in-time
Issued and outstanding	`IssuedAndOutstanding`	100.00	shares	Point-in-time
Total assets	`Assets`	$19.41M	USD	Point-in-time
Issued and outstanding	`IssuedAndOutstanding`	100.00	shares	Point-in-time
Total assets	`Assets`	$17.94M	USD	Point-in-time
Accounts payable and accrued expenses (Note 3)	`AccountsPayableAndAccruedLiabilitiesCurrent`	$3.91M	USD	Point-in-time
Accounts payable and accrued expenses (Note 3)	`AccountsPayableAndAccruedLiabilitiesCurrent`	$3.93M	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$2.39K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$16.71K	USD	Point-in-time
Convertible notes and interest notes (Note 11)	`ConvertibleDebtCurrent`	$34.40M	USD	Point-in-time
Convertible notes and interest notes (Note 11)	`ConvertibleDebtCurrent`	$36.57M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$40.49M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$38.33M	USD	Point-in-time
Convertible notes (Note 11)	`ConvertibleDebtNoncurrent`	$1.04M	USD	Point-in-time
Convertible notes (Note 11)	`ConvertibleDebtNoncurrent`	$1.04M	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`	$42.55M	USD	Point-in-time
Total liabilities	`Liabilities`	$40.39M	USD	Point-in-time
Common shares and equity units	`CommonStockValue`	$289.33M	USD	Point-in-time
Common shares and equity units	`CommonStockValue`	$289.33M	USD	Point-in-time
Contributed Surplus (Note 11)	`ContributedSurplus`	$11.68M	USD	Point-in-time
Contributed Surplus (Note 11)	`ContributedSurplus`	$11.68M	USD	Point-in-time
Warrants	`WarrantsNotSettleableInCashFairValueDisclosure`	$543.91K	USD	Point-in-time
Warrants	`WarrantsNotSettleableInCashFairValueDisclosure`	$543.91K	USD	Point-in-time
Stock options (Note 9)	`StockOptions`	$19.98M	USD	Point-in-time
Stock options (Note 9)	`StockOptions`	$20.04M	USD	Point-in-time
Accumulated deficit	`AccumulatedDeficit`	$342.53M	USD	Point-in-time
Accumulated deficit	`AccumulatedDeficit`	$346.24M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$17.00K	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$44.95K	USD	Point-in-time
Total shareholders' deficit	`StockholdersEquity`	$-20.98M	USD	Point-in-time
Total shareholders' deficit	`StockholdersEquity`	$-24.60M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$19.41M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$17.94M	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Interest	`OtherInterestAndDividendIncome`	$2.00	USD	1 Quarter
Interest	`OtherInterestAndDividendIncome`	$116.00	USD	1 Quarter
Foreign currency gain (loss)	`ForeignCurrencyTransactionGainLossBeforeTax`	$16.60K	USD	1 Quarter
Foreign currency gain (loss)	`ForeignCurrencyTransactionGainLossBeforeTax`	$-5.75K	USD	1 Quarter
Net OTHER INCOME (LOSS)	`OtherIncome`	$-5.63K	USD	1 Quarter
Net OTHER INCOME (LOSS)	`OtherIncome`	$16.60K	USD	1 Quarter
Corporate general and administrative	`GeneralAndAdministrativeExpense`	$600.58K	USD	1 Quarter
Corporate general and administrative	`GeneralAndAdministrativeExpense`	$736.19K	USD	1 Quarter
Exploration	`ExplorationExpense`	$267.47K	USD	1 Quarter
Exploration	`ExplorationExpense`	$58.17K	USD	1 Quarter
Legal and accounting	`LegalAndAccounting`	$91.74K	USD	1 Quarter
Legal and accounting	`LegalAndAccounting`	$142.23K	USD	1 Quarter
Venezuelan operations	`VenezuelanOperations`	$28.61K	USD	1 Quarter
Venezuelan operations	`VenezuelanOperations`	$28.62K	USD	1 Quarter
Arbitration (Note 3)	`Arbitration`	$435.61K	USD	1 Quarter
Arbitration (Note 3)	`Arbitration`	$9.67K	USD	1 Quarter
Equipment holding costs	`EquipmentHoldingCosts`	$217.15K	USD	1 Quarter
Equipment holding costs	`EquipmentHoldingCosts`	$198.24K	USD	1 Quarter
Interest expense	`InterestExpense`	$1.54M	USD	1 Quarter
Interest expense	`InterestExpense`	$2.18M	USD	1 Quarter
Total EXPENSES	`TotalExpenses`	$2.81M	USD	1 Quarter
Total EXPENSES	`TotalExpenses`	$3.73M	USD	1 Quarter
Net loss for the period	`ProfitLoss`	$-2.81M	USD	1 Quarter
Net loss for the period	`ProfitLoss`	$-3.71M	USD	1 Quarter
Net loss per share, basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.04	USD	1 Quarter
Net loss per share, basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.05	USD	1 Quarter
Weighted average common shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	76.08M	shares	1 Quarter
Weighted average common shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	76.04M	shares	1 Quarter

Cash Flow Statement 28 line items

Line Item	Tag	Value	Unit	Period
Net loss for the period	`ProfitLoss`	$-2.81M	USD	1 Quarter
Net loss for the period	`ProfitLoss`	$-3.71M	USD	1 Quarter
Stock option compensation	`StockOptionPlanExpense`	-	USD	1 Quarter
Stock option compensation	`StockOptionPlanExpense`	$59.32K	USD	1 Quarter
Depreciation	`Depreciation`	$1.96K	USD	1 Quarter
Depreciation	`Depreciation`	$2.82K	USD	1 Quarter
Accretion of convertible notes	`AccretionExpense`	$1.18M	USD	1 Quarter
Accretion of convertible notes	`AccretionExpense`	$2.17M	USD	1 Quarter
Net increase in deposits and advances	`IncreaseDecreaseInDeposits`	$-80.77K	USD	1 Quarter
Net increase in deposits and advances	`IncreaseDecreaseInDeposits`	$-68.33K	USD	1 Quarter
Net increase (decrease) in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-5.62K	USD	1 Quarter
Net increase (decrease) in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$277.39K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.56M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.43M	USD	1 Quarter
Net proceeds from the issuance of common shares	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Net proceeds from the issuance of common shares	`ProceedsFromIssuanceOfCommonStock`	$68.25K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$68.25K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.56M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.37M	USD	1 Quarter
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.98M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$4.88M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$6.44M	USD	Point-in-time
Cash and cash equivalents - beginning 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`	$4.88M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$6.44M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.61M	USD	Point-in-time

Stockholders Equity 4 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$-20.98M	USD	Point-in-time
Balance	`StockholdersEquity`	$-24.60M	USD	Point-in-time
Balance	`StockholdersEquity`	$-20.98M	USD	Point-in-time
Balance	`StockholdersEquity`	$-24.60M	USD	Point-in-time

Comprehensive Income 8 line items

Line Item	Tag	Value	Unit	Period
Net loss for the period	`ProfitLoss`	$-2.81M	USD	1 Quarter
Net loss for the period	`ProfitLoss`	$-3.71M	USD	1 Quarter
Unrealized gain on marketable securities (Note 5)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax`	$36.37K	USD	1 Quarter
Unrealized gain on marketable securities (Note 5)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax`	$27.94K	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$27.94K	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$36.37K	USD	1 Quarter
Comprehensive loss for the period	`ComprehensiveLossForThePeriod`	$-3.68M	USD	1 Quarter
Comprehensive loss for the period	`ComprehensiveLossForThePeriod`	$-2.78M	USD	1 Quarter

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