6-K Filing

GOLD RESERVE LTD CIK: 1072725 Q2 2016

Filing Information

Form Type	6-K
Accession Number	`0001072725-16-000111`
Period End Date	20160630
Filing Date	20160826
Fiscal Year	2016
Fiscal Period	Q2
XBRL Instance	gdrzf-20160630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 44 Income Statement 16 Cash Flow Statement 82 Stockholders Equity 4

Balance Sheet 44 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents (Note 4)	`CashAndCashEquivalentsAtCarryingValue`	$4.88M	USD	Point-in-time
Cash and cash equivalents (Note 4)	`CashAndCashEquivalentsAtCarryingValue`	$10.62M	USD	Point-in-time
Cash and cash equivalents (Note 4)	`CashAndCashEquivalentsAtCarryingValue`	$42.48M	USD	Point-in-time
Cash and cash equivalents (Note 4)	`CashAndCashEquivalentsAtCarryingValue`	$9.35M	USD	Point-in-time
Cash and cash equivalents (Note 4)	`CashAndCashEquivalentsAtCarryingValue`	$3.59M	USD	Point-in-time
Cash and cash equivalents (Note 4)	`CashAndCashEquivalentsAtCarryingValue`	$6.44M	USD	Point-in-time
Marketable securities (Notes 5 and 6)	`MarketableSecuritiesCurrent`	$180.99K	USD	Point-in-time
Marketable securities (Notes 5 and 6)	`MarketableSecuritiesCurrent`	$368.65K	USD	Point-in-time
Deposits, advances and other	`OtherAssetsCurrent`	$300.91K	USD	Point-in-time
Deposits, advances and other	`OtherAssetsCurrent`	$590.25K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$10.12M	USD	Point-in-time
Issued and outstanding	`CommonStockSharesOutstanding`	76.45M	shares	Point-in-time
Issued and outstanding	`CommonStockSharesOutstanding`	87.28M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$43.15M	USD	Point-in-time
Property, plant and equipment, net (Note 7)	`PropertyPlantAndEquipmentNet`	$12.26M	USD	Point-in-time
Property, plant and equipment, net (Note 7)	`PropertyPlantAndEquipmentNet`	$12.61M	USD	Point-in-time
Total assets	`Assets`	$55.75M	USD	Point-in-time
Total assets	`Assets`	$22.38M	USD	Point-in-time
Accounts payable and accrued expenses (Note 3)	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.10M	USD	Point-in-time
Accounts payable and accrued expenses (Note 3)	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.55M	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$2.38K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$2.39K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.55M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.10M	USD	Point-in-time
Convertible notes and interest notes (Note 10)	`ConvertibleDebtNoncurrent`	$39.67M	USD	Point-in-time
Convertible notes and interest notes (Note 10)	`ConvertibleDebtNoncurrent`	$44.61M	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`	$46.72M	USD	Point-in-time
Total liabilities	`Liabilities`	$42.24M	USD	Point-in-time
Common shares (Note 11)	`CommonStockValue`	$331.88M	USD	Point-in-time
Common shares (Note 11)	`CommonStockValue`	$290.47M	USD	Point-in-time
Contributed Surplus (Note 10)	`ContributedSurplus`	$30.44M	USD	Point-in-time
Contributed Surplus (Note 10)	`ContributedSurplus`	$30.44M	USD	Point-in-time
Stock options (Note 9)	`StockOptions`	$17.37M	USD	Point-in-time
Stock options (Note 9)	`StockOptions`	$20.52M	USD	Point-in-time
Accumulated deficit	`AccumulatedDeficit`	$361.35M	USD	Point-in-time
Accumulated deficit	`AccumulatedDeficit`	$370.91M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$69.08K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$256.75K	USD	Point-in-time
Total shareholders' equity (deficit)	`StockholdersEquity`	$9.03M	USD	Point-in-time
Total shareholders' equity (deficit)	`StockholdersEquity`	$-19.86M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$22.38M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$55.75M	USD	Point-in-time

Income Statement 16 line items

Line Item	Tag	Value	Unit	Period
Net loss for the period	`ProfitLoss`	$-8.17M	USD	2 Qtrs
Net loss for the period	`ProfitLoss`	$-4.64M	USD	1 Quarter
Net loss for the period	`ProfitLoss`	$-9.56M	USD	2 Qtrs
Net loss for the period	`ProfitLoss`	$-4.45M	USD	1 Quarter
Unrealized gain on marketable securities, net of tax of nil (Note 6)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$187.67K	USD	2 Qtrs
Unrealized gain on marketable securities, net of tax of nil (Note 6)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$68.22K	USD	2 Qtrs
Unrealized gain on marketable securities, net of tax of nil (Note 6)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$54.89K	USD	1 Quarter
Unrealized gain on marketable securities, net of tax of nil (Note 6)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$40.27K	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$54.89K	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$40.27K	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$68.22K	USD	2 Qtrs
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$187.67K	USD	2 Qtrs
Comprehensive loss for the period	`ComprehensiveLossForThePeriod`	$-9.37M	USD	2 Qtrs
Comprehensive loss for the period	`ComprehensiveLossForThePeriod`	$-4.41M	USD	1 Quarter
Comprehensive loss for the period	`ComprehensiveLossForThePeriod`	$-8.10M	USD	2 Qtrs
Comprehensive loss for the period	`ComprehensiveLossForThePeriod`	$-4.58M	USD	1 Quarter

Cash Flow Statement 82 line items

Line Item	Tag	Value	Unit	Period
Net loss for the period	`ProfitLoss`	$-8.17M	USD	2 Qtrs
Net loss for the period	`ProfitLoss`	$-4.64M	USD	1 Quarter
Net loss for the period	`ProfitLoss`	$-9.56M	USD	2 Qtrs
Net loss for the period	`ProfitLoss`	$-4.45M	USD	1 Quarter
Stock option compensation	`StockOptionPlanExpense`	$281.52K	USD	2 Qtrs
Stock option compensation	`StockOptionPlanExpense`	$3.60K	USD	1 Quarter
Stock option compensation	`StockOptionPlanExpense`	$11.78K	USD	2 Qtrs
Stock option compensation	`StockOptionPlanExpense`	$222.20K	USD	1 Quarter
Depreciation	`Depreciation`	$1.51K	USD	1 Quarter
Depreciation	`Depreciation`	$1.79K	USD	1 Quarter
Depreciation	`Depreciation`	$3.13K	USD	2 Qtrs
Depreciation	`Depreciation`	$3.75K	USD	2 Qtrs
Gain on settlement of debt	`ExtinguishmentOfDebtGainLossNetOfTax`	-	USD	2 Qtrs
Gain on settlement of debt	`ExtinguishmentOfDebtGainLossNetOfTax`	$-1.59K	USD	2 Qtrs
Gain on settlement of debt	`ExtinguishmentOfDebtGainLossNetOfTax`	$-1.59K	USD	1 Quarter
Gain on settlement of debt	`ExtinguishmentOfDebtGainLossNetOfTax`	-	USD	1 Quarter
Loss on sale of equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$9.43K	USD	2 Qtrs
Loss on sale of equipment	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	1 Quarter
Loss on sale of equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$9.43K	USD	1 Quarter
Loss on sale of equipment	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	2 Qtrs
Gain on disposition of marketable securities	`MarketableSecuritiesGainLoss`	-	USD	2 Qtrs
Gain on disposition of marketable securities	`MarketableSecuritiesGainLoss`	$-48.30K	USD	2 Qtrs
Gain on disposition of marketable securities	`MarketableSecuritiesGainLoss`	-	USD	1 Quarter
Gain on disposition of marketable securities	`MarketableSecuritiesGainLoss`	-	USD	1 Quarter
Accretion of convertible notes	`AccretionExpense`	$4.49M	USD	2 Qtrs
Accretion of convertible notes	`AccretionExpense`	$2.33M	USD	1 Quarter
Accretion of convertible notes	`AccretionExpense`	$2.54M	USD	1 Quarter
Accretion of convertible notes	`AccretionExpense`	$4.94M	USD	2 Qtrs
Net decrease in deposits and advances	`IncreaseDecreaseInDeposits`	$243.90K	USD	1 Quarter
Net decrease in deposits and advances	`IncreaseDecreaseInDeposits`	$289.34K	USD	2 Qtrs
Net decrease in deposits and advances	`IncreaseDecreaseInDeposits`	$175.56K	USD	2 Qtrs
Net decrease in deposits and advances	`IncreaseDecreaseInDeposits`	$146.35K	USD	1 Quarter
Net increase (decrease) in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$192.58K	USD	1 Quarter
Net increase (decrease) in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-300.96K	USD	1 Quarter
Net increase (decrease) in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-449.21K	USD	2 Qtrs
Net increase (decrease) in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$186.96K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.24M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-4.81M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.46M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-3.01M	USD	2 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	-	USD	2 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	-	USD	1 Quarter
Purchase of property, plant and equipment	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$350.00K	USD	2 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	-	USD	1 Quarter
Proceeds from sales of equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	1 Quarter
Proceeds from sales of equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$165.00K	USD	1 Quarter
Proceeds from sales of equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	2 Qtrs
Proceeds from sales of equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$165.00K	USD	2 Qtrs
Proceeds from disposition of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$48.30K	USD	2 Qtrs
Proceeds from disposition of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	-	USD	1 Quarter
Proceeds from disposition of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	-	USD	1 Quarter
Proceeds from disposition of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	-	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$165.00K	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$165.00K	USD	2 Qtrs
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-301.70K	USD	2 Qtrs
Proceeds from the issuance of common shares	`ProceedsFromIssuanceOfCommonStock`	-	USD	2 Qtrs
Proceeds from the issuance of common shares	`ProceedsFromIssuanceOfCommonStock`	$38.24M	USD	2 Qtrs
Proceeds from the issuance of common shares	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Proceeds from the issuance of common shares	`ProceedsFromIssuanceOfCommonStock`	$34.11M	USD	1 Quarter
Settlement of debt	`EarlyRepaymentOfSeniorDebt`	$2.41K	USD	1 Quarter
Settlement of debt	`EarlyRepaymentOfSeniorDebt`	$2.41K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$38.24M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$34.11M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$33.13M	USD	2 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$31.86M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.29M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.85M	USD	2 Qtrs
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$4.88M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$10.62M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$42.48M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$9.35M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$3.59M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$6.44M	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`	$10.62M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$42.48M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$9.35M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$3.59M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$6.44M	USD	Point-in-time

Stockholders Equity 4 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$9.03M	USD	Point-in-time
Balance	`StockholdersEquity`	$-19.86M	USD	Point-in-time
Balance	`StockholdersEquity`	$9.03M	USD	Point-in-time
Balance	`StockholdersEquity`	$-19.86M	USD	Point-in-time

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