40-F Filing

GOLD RESERVE LTD CIK: 1072725 FY 2015

Filing Information

Form Type	40-F
Accession Number	`0001072725-16-000081`
Period End Date	20151231
Filing Date	20160420
Fiscal Year	2015
Fiscal Period	FY
XBRL Instance	gdrzf-20151231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 48 Income Statement 60 Cash Flow Statement 86 Stockholders Equity 4 Comprehensive Income 18

Balance Sheet 48 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents (Note 5)	`CashAndCashEquivalentsAtCarryingValue`	$9.35M	USD	Point-in-time
Cash and cash equivalents (Note 5)	`CashAndCashEquivalentsAtCarryingValue`	$8.35M	USD	Point-in-time
Cash and cash equivalents (Note 5)	`CashAndCashEquivalentsAtCarryingValue`	$6.44M	USD	Point-in-time
Cash and cash equivalents (Note 5)	`CashAndCashEquivalentsAtCarryingValue`	$2.98M	USD	Point-in-time
Marketable securities (Notes 6 and 7)	`MarketableSecuritiesCurrent`	$175.54K	USD	Point-in-time
Marketable securities (Notes 6 and 7)	`MarketableSecuritiesCurrent`	$180.99K	USD	Point-in-time
Deposits, advances and other	`OtherAssetsCurrent`	$590.25K	USD	Point-in-time
Deposits, advances and other	`OtherAssetsCurrent`	$353.74K	USD	Point-in-time
Issued and outstanding	`CommonStockSharesOutstanding`	76.45M	shares	Point-in-time
Issued and outstanding	`CommonStockSharesOutstanding`	76.08M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$6.97M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$10.12M	USD	Point-in-time
Property, plant and equipment, net (Note 8)	`PropertyPlantAndEquipmentNet`	$12.44M	USD	Point-in-time
Property, plant and equipment, net (Note 8)	`PropertyPlantAndEquipmentNet`	$12.26M	USD	Point-in-time
Total assets	`Assets`	$22.38M	USD	Point-in-time
Issued and outstanding	`IssuedAndOutstanding`	0.00	shares	Point-in-time
Issued and outstanding	`IssuedAndOutstanding`	100.00	shares	Point-in-time
Total assets	`Assets`	$19.41M	USD	Point-in-time
Accounts payable and accrued expenses (Note 4)	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.55M	USD	Point-in-time
Accounts payable and accrued expenses (Note 4)	`AccountsPayableAndAccruedLiabilitiesCurrent`	$3.93M	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$2.39K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$2.39K	USD	Point-in-time
Convertible notes and interest notes (Note 11)	`ConvertibleDebtCurrent`	-	USD	Point-in-time
Convertible notes and interest notes (Note 11)	`ConvertibleDebtCurrent`	$34.40M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.55M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$38.33M	USD	Point-in-time
Convertible notes and interest notes (Note 11)	`ConvertibleDebtNoncurrent`	$1.04M	USD	Point-in-time
Convertible notes and interest notes (Note 11)	`ConvertibleDebtNoncurrent`	$39.67M	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`	$40.39M	USD	Point-in-time
Total liabilities	`Liabilities`	$42.24M	USD	Point-in-time
Common shares and equity units	`CommonStockValue`	$290.47M	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`	$30.44M	USD	Point-in-time
Warrants	`WarrantsNotSettleableInCashFairValueDisclosure`	-	USD	Point-in-time
Warrants	`WarrantsNotSettleableInCashFairValueDisclosure`	$543.91K	USD	Point-in-time
Stock options (Note 10)	`StockOptions`	$20.67M	USD	Point-in-time
Stock options (Note 10)	`StockOptions`	$20.52M	USD	Point-in-time
Accumulated deficit	`AccumulatedDeficit`	$361.35M	USD	Point-in-time
Accumulated deficit	`AccumulatedDeficit`	$343.22M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$17.00K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$69.08K	USD	Point-in-time
Total shareholders' deficit	`StockholdersEquity`	$-19.86M	USD	Point-in-time
Total shareholders' deficit	`StockholdersEquity`	$-20.98M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$22.38M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$19.41M	USD	Point-in-time

Income Statement 60 line items

Line Item	Tag	Value	Unit	Period
Interest income	`OtherInterestAndDividendIncome`	$737.00	USD	Annual
Interest income	`OtherInterestAndDividendIncome`	$651.00	USD	Annual
Interest income	`OtherInterestAndDividendIncome`	$1.15K	USD	Annual
Gain (loss) on settlement of debt	`GainsLossesOnExtinguishmentOfDebt`	$340.00	USD	Annual
Gain (loss) on settlement of debt	`GainsLossesOnExtinguishmentOfDebt`	$-495.10K	USD	Annual
Gain (loss) on settlement of debt	`GainsLossesOnExtinguishmentOfDebt`	$-161.29K	USD	Annual
Write-down of property, plant and equipment (Note 8)	`ImpairmentOfLongLivedAssetsToBeDisposedOf`	-	USD	Annual
Write-down of property, plant and equipment (Note 8)	`ImpairmentOfLongLivedAssetsToBeDisposedOf`	-	USD	Annual
Write-down of property, plant and equipment (Note 8)	`ImpairmentOfLongLivedAssetsToBeDisposedOf`	$6.92M	USD	Annual
Loss on sale of equipment	`GainsLossesOnSalesOfAssets`	$-11.35K	USD	Annual
Loss on sale of equipment	`GainsLossesOnSalesOfAssets`	$-9.43K	USD	Annual
Loss on sale of equipment	`GainsLossesOnSalesOfAssets`	-	USD	Annual
Loss on impairment of marketable securities	`ImpairmentOfInvestments`	$178.25K	USD	Annual
Loss on impairment of marketable securities	`ImpairmentOfInvestments`	$46.63K	USD	Annual
Loss on impairment of marketable securities	`ImpairmentOfInvestments`	$162.48K	USD	Annual
Loss on sale of marketable securities	`GainLossOnSaleOfSecuritiesNet`	$-4.04K	USD	Annual
Loss on sale of marketable securities	`GainLossOnSaleOfSecuritiesNet`	-	USD	Annual
Loss on sale of marketable securities	`GainLossOnSaleOfSecuritiesNet`	-	USD	Annual
Foreign currency gain (loss)	`ForeignCurrencyTransactionGainLossBeforeTax`	$-15.76K	USD	Annual
Foreign currency gain (loss)	`ForeignCurrencyTransactionGainLossBeforeTax`	$12.71K	USD	Annual
Foreign currency gain (loss)	`ForeignCurrencyTransactionGainLossBeforeTax`	$4.21K	USD	Annual
Net OTHER INCOME (LOSS)	`OtherIncome`	$-7.27M	USD	Annual
Net OTHER INCOME (LOSS)	`OtherIncome`	$-176.60K	USD	Annual
Net OTHER INCOME (LOSS)	`OtherIncome`	$-537.80K	USD	Annual
Corporate general and administrative	`GeneralAndAdministrativeExpense`	$3.11M	USD	Annual
Corporate general and administrative	`GeneralAndAdministrativeExpense`	$2.92M	USD	Annual
Corporate general and administrative	`GeneralAndAdministrativeExpense`	$3.03M	USD	Annual
Debt restructuring	`RestructuringCharges`	$1.40M	USD	Annual
Debt restructuring	`RestructuringCharges`	-	USD	Annual
Debt restructuring	`RestructuringCharges`	$632.00K	USD	Annual
Exploration	`ExplorationExpense`	$883.74K	USD	Annual
Exploration	`ExplorationExpense`	$249.62K	USD	Annual
Exploration	`ExplorationExpense`	$1.12M	USD	Annual
Legal and accounting	`LegalAndAccounting`	$512.34K	USD	Annual
Legal and accounting	`LegalAndAccounting`	$666.24K	USD	Annual
Legal and accounting	`LegalAndAccounting`	$270.14K	USD	Annual
Venezuelan operations	`VenezuelanOperations`	$196.20K	USD	Annual
Venezuelan operations	`VenezuelanOperations`	$185.54K	USD	Annual
Venezuelan operations	`VenezuelanOperations`	$118.22K	USD	Annual
Arbitration (Note 4)	`Arbitration`	$2.15M	USD	Annual
Arbitration (Note 4)	`Arbitration`	$4.96M	USD	Annual
Arbitration (Note 4)	`Arbitration`	$3.98M	USD	Annual
Equipment holding costs	`EquipmentHoldingCosts`	$864.17K	USD	Annual
Equipment holding costs	`EquipmentHoldingCosts`	$752.29K	USD	Annual
Equipment holding costs	`EquipmentHoldingCosts`	$913.91K	USD	Annual
Interest expense (Note 11)	`InterestExpense`	$5.43M	USD	Annual
Interest expense (Note 11)	`InterestExpense`	$7.19M	USD	Annual
Interest expense (Note 11)	`InterestExpense`	$9.63M	USD	Annual
Total EXPENSES	`TotalExpenses`	$15.26M	USD	Annual
Total EXPENSES	`TotalExpenses`	$17.60M	USD	Annual
Total EXPENSES	`TotalExpenses`	$18.30M	USD	Annual
Net loss for the year	`ProfitLoss`	$-18.14M	USD	Annual
Net loss for the year	`ProfitLoss`	$-25.57M	USD	Annual
Net loss for the year	`ProfitLoss`	$-15.44M	USD	Annual
Net loss per share, basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.34	USD	Annual
Net loss per share, basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.24	USD	Annual
Net loss per share, basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.21	USD	Annual
Weighted average common shares outstanding, basic and diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	76.06M	shares	Annual
Weighted average common shares outstanding, basic and diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	76.12M	shares	Annual
Weighted average common shares outstanding, basic and diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	74.26M	shares	Annual

Cash Flow Statement 86 line items

Line Item	Tag	Value	Unit	Period
Net loss for the year	`ProfitLoss`	$-18.14M	USD	Annual
Net loss for the year	`ProfitLoss`	$-25.57M	USD	Annual
Net loss for the year	`ProfitLoss`	$-15.44M	USD	Annual
Stock option compensation	`StockOptionPlanExpense`	$315.27K	USD	Annual
Stock option compensation	`StockOptionPlanExpense`	$896.74K	USD	Annual
Stock option compensation	`StockOptionPlanExpense`	$594.52K	USD	Annual
Depreciation	`Depreciation`	$15.78K	USD	Annual
Depreciation	`Depreciation`	$10.33K	USD	Annual
Depreciation	`Depreciation`	$7.62K	USD	Annual
Loss (gain) on settlement of debt	`ExtinguishmentOfDebtGainLossNetOfTax`	$-340.00	USD	Annual
Loss (gain) on settlement of debt	`ExtinguishmentOfDebtGainLossNetOfTax`	$495.10K	USD	Annual
Loss (gain) on settlement of debt	`ExtinguishmentOfDebtGainLossNetOfTax`	$161.29K	USD	Annual
Loss on sale of equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$9.43K	USD	Annual
Loss on sale of equipment	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	Annual
Loss on sale of equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$11.35K	USD	Annual
Write-down of property, plant and equipment	`WritedownOfPropertyPlantAndEquipment`	$6.92M	USD	Annual
Write-down of property, plant and equipment	`WritedownOfPropertyPlantAndEquipment`	-	USD	Annual
Write-down of property, plant and equipment	`WritedownOfPropertyPlantAndEquipment`	-	USD	Annual
Accretion of convertible notes	`AccretionExpense`	$3.98M	USD	Annual
Accretion of convertible notes	`AccretionExpense`	$6.48M	USD	Annual
Accretion of convertible notes	`AccretionExpense`	$9.57M	USD	Annual
Non cash restructure expense	`NonCashRestructureExpense`	-	USD	Annual
Non cash restructure expense	`NonCashRestructureExpense`	-	USD	Annual
Non cash restructure expense	`NonCashRestructureExpense`	$1.40M	USD	Annual
Restructure fees included in financing activities	`RestructureFees`	$632.00K	USD	Annual
Restructure fees included in financing activities	`RestructureFees`	-	USD	Annual
Restructure fees included in financing activities	`RestructureFees`	-	USD	Annual
Net loss on sale of marketable securities	`MarketableSecuritiesGainLoss`	-	USD	Annual
Net loss on sale of marketable securities	`MarketableSecuritiesGainLoss`	$4.04K	USD	Annual
Net loss on sale of marketable securities	`MarketableSecuritiesGainLoss`	-	USD	Annual
Impairment loss on marketable securities	`ImpairmentOfMarketableSecurities`	$178.25K	USD	Annual
Impairment loss on marketable securities	`ImpairmentOfMarketableSecurities`	$46.63K	USD	Annual
Impairment loss on marketable securities	`ImpairmentOfMarketableSecurities`	$162.48K	USD	Annual
Shares issued for compensation	`StockGrantedDuringPeriodValueSharebasedCompensation`	-	USD	Annual
Shares issued for compensation	`StockGrantedDuringPeriodValueSharebasedCompensation`	$5.83K	USD	Annual
Shares issued for compensation	`StockGrantedDuringPeriodValueSharebasedCompensation`	-	USD	Annual
Net (increase) decrease in deposits and advances	`IncreaseDecreaseInDeposits`	$-236.51K	USD	Annual
Net (increase) decrease in deposits and advances	`IncreaseDecreaseInDeposits`	$-194.55K	USD	Annual
Net (increase) decrease in deposits and advances	`IncreaseDecreaseInDeposits`	$10.27K	USD	Annual
Net increase (decrease) in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-299.71K	USD	Annual
Net increase (decrease) in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$3.25M	USD	Annual
Net increase (decrease) in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-2.38M	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-10.95M	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-8.90M	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-7.24M	USD	Annual
Proceeds from disposition of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$8.46K	USD	Annual
Proceeds from disposition of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	-	USD	Annual
Proceeds from disposition of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	-	USD	Annual
Purchase of property, plant and equipment	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	-	USD	Annual
Purchase of property, plant and equipment	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$128.28K	USD	Annual
Purchase of property, plant and equipment	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$150.00K	USD	Annual
Proceeds from sales of equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$165.00K	USD	Annual
Proceeds from sales of equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$69.43K	USD	Annual
Proceeds from sales of equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-119.82K	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$165.00K	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-80.57K	USD	Annual
Proceeds from the issuance of convertible notes	`ProceedsFromConvertibleDebt`	$11.99M	USD	Annual
Proceeds from the issuance of convertible notes	`ProceedsFromConvertibleDebt`	$11.70M	USD	Annual
Proceeds from the issuance of convertible notes	`ProceedsFromConvertibleDebt`	-	USD	Annual
Proceeds from the issuance of common shares and warrants	`ProceedsFromIssuanceOfCommonStock`	$679.99K	USD	Annual
Proceeds from the issuance of common shares and warrants	`ProceedsFromIssuanceOfCommonStock`	$100.10K	USD	Annual
Proceeds from the issuance of common shares and warrants	`ProceedsFromIssuanceOfCommonStock`	$5.70M	USD	Annual
Debt restructuring fees	`DebtRestructuringFees`	$-1.02M	USD	Annual
Debt restructuring fees	`DebtRestructuringFees`	-	USD	Annual
Debt restructuring fees	`DebtRestructuringFees`	$-1.02M	USD	Annual
Settlement of convertible notes	`EarlyRepaymentOfSeniorDebt`	-	USD	Annual
Settlement of convertible notes	`EarlyRepaymentOfSeniorDebt`	$4.00K	USD	Annual
Settlement of convertible notes	`EarlyRepaymentOfSeniorDebt`	-	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$11.65M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$5.70M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$10.78M	USD	Annual
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$3.46M	USD	Annual
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-5.37M	USD	Annual
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.91M	USD	Annual
Cash and cash equivalents - beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$9.35M	USD	Point-in-time
Cash and cash equivalents - beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$8.35M	USD	Point-in-time
Cash and cash equivalents - beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$6.44M	USD	Point-in-time
Cash and cash equivalents - beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$2.98M	USD	Point-in-time
Cash and cash equivalents - end of year	`CashAndCashEquivalentsAtCarryingValue`	$9.35M	USD	Point-in-time
Cash and cash equivalents - end of year	`CashAndCashEquivalentsAtCarryingValue`	$8.35M	USD	Point-in-time
Cash and cash equivalents - end of year	`CashAndCashEquivalentsAtCarryingValue`	$6.44M	USD	Point-in-time
Cash and cash equivalents - end of year	`CashAndCashEquivalentsAtCarryingValue`	$2.98M	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$57.31K	USD	Annual
Cash paid for interest	`InterestPaid`	$766.50K	USD	Annual
Cash paid for interest	`InterestPaid`	$1.45M	USD	Annual

Stockholders Equity 4 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$-19.86M	USD	Point-in-time
Balance	`StockholdersEquity`	$-20.98M	USD	Point-in-time
Balance	`StockholdersEquity`	$-19.86M	USD	Point-in-time
Balance	`StockholdersEquity`	$-20.98M	USD	Point-in-time

Comprehensive Income 18 line items

Line Item	Tag	Value	Unit	Period
Net loss for the year	`ProfitLoss`	$-18.14M	USD	Annual
Net loss for the year	`ProfitLoss`	$-25.57M	USD	Annual
Net loss for the year	`ProfitLoss`	$-15.44M	USD	Annual
Unrealized gain (loss) on marketable securities, net of tax of nil	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$5.45K	USD	Annual
Unrealized gain (loss) on marketable securities, net of tax of nil	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-396.55K	USD	Annual
Unrealized gain (loss) on marketable securities, net of tax of nil	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-142.90K	USD	Annual
Realized loss included in net loss, net of tax of nil	`RealizedLossIncludedInNetLoss`	$-4.04K	USD	Annual
Realized loss included in net loss, net of tax of nil	`RealizedLossIncludedInNetLoss`	-	USD	Annual
Realized loss included in net loss, net of tax of nil	`RealizedLossIncludedInNetLoss`	-	USD	Annual
Impairment loss on marketable securities, net of tax of nil	`OtherThanTemporaryImpairmentLossesInvestmentsAvailableforsaleSecurities`	$-46.63K	USD	Annual
Impairment loss on marketable securities, net of tax of nil	`OtherThanTemporaryImpairmentLossesInvestmentsAvailableforsaleSecurities`	$-162.48K	USD	Annual
Impairment loss on marketable securities, net of tax of nil	`OtherThanTemporaryImpairmentLossesInvestmentsAvailableforsaleSecurities`	$-178.25K	USD	Annual
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$52.07K	USD	Annual
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-214.26K	USD	Annual
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$19.58K	USD	Annual
Comprehensive loss for the year	`ComprehensiveLossForThePeriod`	$-18.08M	USD	Annual
Comprehensive loss for the year	`ComprehensiveLossForThePeriod`	$-15.65M	USD	Annual
Comprehensive loss for the year	`ComprehensiveLossForThePeriod`	$-25.55M	USD	Annual

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