40-F Filing

GOLD RESERVE LTD CIK: 1072725 FY 2016

Filing Information

Form Type	40-F
Accession Number	`0001072725-17-000012`
Period End Date	20161231
Filing Date	20170428
Fiscal Year	2016
Fiscal Period	FY
XBRL Instance	gdrzf-20161231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 41 Income Statement 40 Cash Flow Statement 54 Stockholders Equity 4 Comprehensive Income 12

Balance Sheet 41 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents (Note 4)	`CashAndCashEquivalentsAtCarryingValue`	$9.35M	USD	Point-in-time
Cash and cash equivalents (Note 4)	`CashAndCashEquivalentsAtCarryingValue`	$35.75M	USD	Point-in-time
Cash and cash equivalents (Note 4)	`CashAndCashEquivalentsAtCarryingValue`	$6.44M	USD	Point-in-time
Marketable securities (Notes 5 and 6)	`MarketableSecuritiesCurrent`	$541.22K	USD	Point-in-time
Marketable securities (Notes 5 and 6)	`MarketableSecuritiesCurrent`	$180.99K	USD	Point-in-time
Deposits, advances and other	`OtherAssetsCurrent`	$590.25K	USD	Point-in-time
Deposits, advances and other	`OtherAssetsCurrent`	$153.92K	USD	Point-in-time
Issued and outstanding	`CommonStockSharesOutstanding`	76.45M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$36.44M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$10.12M	USD	Point-in-time
Issued and outstanding	`CommonStockSharesOutstanding`	89.71M	shares	Point-in-time
Property, plant and equipment, net (Note 7)	`PropertyPlantAndEquipmentNet`	$12.05M	USD	Point-in-time
Property, plant and equipment, net (Note 7)	`PropertyPlantAndEquipmentNet`	$12.26M	USD	Point-in-time
Total assets	`Assets`	$48.49M	USD	Point-in-time
Total assets	`Assets`	$22.38M	USD	Point-in-time
Accounts payable and accrued expenses (Note 3)	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.55M	USD	Point-in-time
Accounts payable and accrued expenses (Note 3)	`AccountsPayableAndAccruedLiabilitiesCurrent`	$691.41K	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`	$693.79K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.55M	USD	Point-in-time
Convertible notes and interest notes (Note 11)	`ConvertibleDebtNoncurrent`	$39.67M	USD	Point-in-time
Convertible notes and interest notes (Note 11)	`ConvertibleDebtNoncurrent`	$43.97M	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`	$45.67M	USD	Point-in-time
Total liabilities	`Liabilities`	$42.24M	USD	Point-in-time
Common shares (Note 12)	`CommonStockValue`	$290.47M	USD	Point-in-time
Common shares (Note 12)	`CommonStockValue`	$342.19M	USD	Point-in-time
Contributed Surplus (Note 11)	`ContributedSurplus`	$30.44M	USD	Point-in-time
Contributed Surplus (Note 11)	`ContributedSurplus`	$25.72M	USD	Point-in-time
Stock options (Note 10)	`StockOptions`	$17.35M	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`	$382.90M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$443.17K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$69.08K	USD	Point-in-time
Total shareholders' equity (deficit)	`StockholdersEquity`	$2.81M	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`	$48.49M	USD	Point-in-time

Income Statement 40 line items

Line Item	Tag	Value	Unit	Period
Interest income	`OtherInterestAndDividendIncome`	$651.00	USD	Annual
Interest income	`OtherInterestAndDividendIncome`	$47.69K	USD	Annual
Gain on disposition of marketable securities	`GainLossOnSaleOfSecuritiesNet`	-	USD	Annual
Gain on disposition of marketable securities	`GainLossOnSaleOfSecuritiesNet`	$48.36K	USD	Annual
Loss on settlement of debt (Note 11)	`GainsLossesOnExtinguishmentOfDebt`	$-70.22K	USD	Annual
Loss on settlement of debt (Note 11)	`GainsLossesOnExtinguishmentOfDebt`	$-495.10K	USD	Annual
Write-down of property, plant and equipment (Note 7)	`ImpairmentOfLongLivedAssetsHeldForUse`	$556.56K	USD	Annual
Write-down of property, plant and equipment (Note 7)	`ImpairmentOfLongLivedAssetsHeldForUse`	-	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 (Note 5)	`ImpairmentOfInvestments`	$13.77K	USD	Annual
Loss on impairment of marketable securities (Note 5)	`ImpairmentOfInvestments`	$46.63K	USD	Annual
Foreign currency gain	`ForeignCurrencyTransactionGainLossBeforeTax`	$12.71K	USD	Annual
Foreign currency gain	`ForeignCurrencyTransactionGainLossBeforeTax`	$51.14K	USD	Annual
Net OTHER INCOME (LOSS)	`OtherIncome`	$-493.36K	USD	Annual
Net OTHER INCOME (LOSS)	`OtherIncome`	$-537.80K	USD	Annual
Corporate general and administrative	`GeneralAndAdministrativeExpense`	$4.11M	USD	Annual
Corporate general and administrative	`GeneralAndAdministrativeExpense`	$3.14M	USD	Annual
Mixed Company (Note 8)	`MixedCompany`	$1.65M	USD	Annual
Mixed Company (Note 8)	`MixedCompany`	-	USD	Annual
Debt restructuring (Note 11)	`RestructuringCharges`	$1.40M	USD	Annual
Debt restructuring (Note 11)	`RestructuringCharges`	-	USD	Annual
Exploration	`ExplorationExpense`	$320.61K	USD	Annual
Exploration	`ExplorationExpense`	$249.62K	USD	Annual
Legal and accounting	`LegalAndAccounting`	$867.97K	USD	Annual
Legal and accounting	`LegalAndAccounting`	$270.14K	USD	Annual
Arbitration and settlement (Note 3)	`ArbitralAwardSettlement`	$2.15M	USD	Annual
Arbitration and settlement (Note 3)	`ArbitralAwardSettlement`	$2.79M	USD	Annual
Equipment holding costs	`EquipmentHoldingCosts`	$796.68K	USD	Annual
Equipment holding costs	`EquipmentHoldingCosts`	$752.29K	USD	Annual
Interest expense (Note 11)	`InterestExpense`	$9.63M	USD	Annual
Interest expense (Note 11)	`InterestExpense`	$10.52M	USD	Annual
Total EXPENSES	`TotalExpenses`	$21.05M	USD	Annual
Total EXPENSES	`TotalExpenses`	$17.60M	USD	Annual
Net loss for the year	`ProfitLoss`	$-18.14M	USD	Annual
Net loss for the year	`ProfitLoss`	$-21.55M	USD	Annual
Net loss per share, basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.24	USD	Annual
Net loss per share, basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.26	USD	Annual
Weighted average common shares outstanding, basic and diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	76.12M	shares	Annual
Weighted average common shares outstanding, basic and diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	84.46M	shares	Annual

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net loss for the year	`ProfitLoss`	$-18.14M	USD	Annual
Net loss for the year	`ProfitLoss`	$-21.55M	USD	Annual
Stock option compensation	`StockOptionPlanExpense`	$14.91K	USD	Annual
Stock option compensation	`StockOptionPlanExpense`	$315.27K	USD	Annual
Depreciation	`Depreciation`	$5.54K	USD	Annual
Depreciation	`Depreciation`	$7.62K	USD	Annual
Loss on settlement of debt	`ExtinguishmentOfDebtGainLossNetOfTax`	$495.10K	USD	Annual
Loss on settlement of debt	`ExtinguishmentOfDebtGainLossNetOfTax`	$70.22K	USD	Annual
Loss on sale of equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$9.43K	USD	Annual
Loss on sale of equipment	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	Annual
Write-down of property, plant and equipment	`WritedownOfPropertyPlantAndEquipment`	$-556.56K	USD	Annual
Write-down of property, plant and equipment	`WritedownOfPropertyPlantAndEquipment`	-	USD	Annual
Accretion of convertible notes	`AccretionExpense`	$9.57M	USD	Annual
Accretion of convertible notes	`AccretionExpense`	$10.46M	USD	Annual
Non cash restructure expense	`DebtRestructuringFees`	$1.40M	USD	Annual
Non cash restructure expense	`DebtRestructuringFees`	-	USD	Annual
Gain on disposition of marketable securities	`MarketableSecuritiesGainLoss`	-	USD	Annual
Gain on disposition of marketable securities	`MarketableSecuritiesGainLoss`	$-48.36K	USD	Annual
Impairment loss on marketable securities	`MarketableSecuritiesRealizedGainLossOtherThanTemporaryImpairmentsAmount`	$13.77K	USD	Annual
Impairment loss on marketable securities	`MarketableSecuritiesRealizedGainLossOtherThanTemporaryImpairmentsAmount`	$46.63K	USD	Annual
Net (increase) decrease in deposits and advances	`IncreaseDecreaseInDeposits`	$-236.51K	USD	Annual
Net (increase) decrease in deposits and advances	`IncreaseDecreaseInDeposits`	$436.33K	USD	Annual
Net decrease in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-858.50K	USD	Annual
Net decrease in accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-2.38M	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-10.89M	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-8.90M	USD	Annual
Proceeds from disposition of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	-	USD	Annual
Proceeds from disposition of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$48.46K	USD	Annual
Purchase of property, plant and equipment	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	-	USD	Annual
Purchase of property, plant and equipment	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$350.00K	USD	Annual
Proceeds from sales of equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$165.00K	USD	Annual
Proceeds from sales of equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$165.00K	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-301.54K	USD	Annual
Proceeds from the issuance of debt	`ProceedsFromIssuanceOfDebt`	$11.99M	USD	Annual
Proceeds from the issuance of debt	`ProceedsFromIssuanceOfDebt`	-	USD	Annual
Proceeds from the issuance of common shares	`ProceedsFromIssuanceOfCommonStock`	$679.99K	USD	Annual
Proceeds from the issuance of common shares	`ProceedsFromIssuanceOfCommonStock`	$38.43M	USD	Annual
Financing fees	`FinancingFees`	$-1.02M	USD	Annual
Financing fees	`FinancingFees`	$-141.89K	USD	Annual
Settlement of debt	`EarlyRepaymentOfSeniorDebt`	-	USD	Annual
Settlement of debt	`EarlyRepaymentOfSeniorDebt`	$694.73K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$37.59M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$11.65M	USD	Annual
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.91M	USD	Annual
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$26.40M	USD	Annual
Cash and cash equivalents - beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$9.35M	USD	Point-in-time
Cash and cash equivalents - beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$35.75M	USD	Point-in-time
Cash and cash equivalents - beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$6.44M	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`	$35.75M	USD	Point-in-time
Cash and cash equivalents - end of year	`CashAndCashEquivalentsAtCarryingValue`	$6.44M	USD	Point-in-time
Cash paid for interest	`InterestPaid`	$57.31K	USD	Annual
Cash paid for interest	`InterestPaid`	$749.31K	USD	Annual

Stockholders Equity 4 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$2.81M	USD	Point-in-time
Balance	`StockholdersEquity`	$-19.86M	USD	Point-in-time
Balance	`StockholdersEquity`	$2.81M	USD	Point-in-time
Balance	`StockholdersEquity`	$-19.86M	USD	Point-in-time

Comprehensive Income 12 line items

Line Item	Tag	Value	Unit	Period
Net loss for the year	`NetIncomeLoss`	$-18.14M	USD	Annual
Net loss for the year	`NetIncomeLoss`	$-21.55M	USD	Annual
Unrealized gain on marketable securities, net of tax of nil	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$360.39K	USD	Annual
Unrealized gain on marketable securities, net of tax of nil	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$5.45K	USD	Annual
Realized gain on marketable securities, net of tax of nil	`AvailableForSaleSecuritiesGrossRealizedGainLossNet`	$-60.00	USD	Annual
Realized gain on marketable securities, net of tax of nil	`AvailableForSaleSecuritiesGrossRealizedGainLossNet`	-	USD	Annual
Impairment loss on marketable securities, net of tax of nil	`OtherThanTemporaryImpairmentLossesInvestmentsAvailableforsaleSecurities`	$-13.77K	USD	Annual
Impairment loss on marketable securities, net of tax of nil	`OtherThanTemporaryImpairmentLossesInvestmentsAvailableforsaleSecurities`	$-46.63K	USD	Annual
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$374.10K	USD	Annual
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$52.07K	USD	Annual
Comprehensive loss for the year	`ComprehensiveLossForThePeriod`	$-18.08M	USD	Annual
Comprehensive loss for the year	`ComprehensiveLossForThePeriod`	$-21.17M	USD	Annual

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