6-K Filing

GOLD RESERVE LTD CIK: 1072725 Q1 2019

Filing Information

Form Type	6-K
Accession Number	`0001072725-19-000024`
Period End Date	20190331
Filing Date	20190523
Fiscal Year	2019
Fiscal Period	Q1
XBRL Instance	gdrzf-20190331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 40 Income Statement 30 Cash Flow Statement 30 Stockholders Equity 4

Balance Sheet 40 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents (Note 4)	`CashAndCashEquivalentsAtCarryingValue`	$137.67M	USD	Point-in-time
Cash and cash equivalents (Note 4)	`CashAndCashEquivalentsAtCarryingValue`	$147.65M	USD	Point-in-time
Cash and cash equivalents (Note 4)	`CashAndCashEquivalentsAtCarryingValue`	$132.61M	USD	Point-in-time
Cash and cash equivalents (Note 4)	`CashAndCashEquivalentsAtCarryingValue`	$146.46M	USD	Point-in-time
Marketable equity securities (Note 5)	`MarketableSecurities`	$273.51K	USD	Point-in-time
Marketable equity securities (Note 5)	`MarketableSecurities`	$287.64K	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$6.45M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$6.45M	USD	Point-in-time
Deposits, advances and other	`OtherAssetsCurrent`	$1.61M	USD	Point-in-time
Deposits, advances and other	`OtherAssetsCurrent`	$455.39K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$153.64M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$155.99M	USD	Point-in-time
Property, plant and equipment, net (Note 6)	`PropertyPlantAndEquipmentNet`	$12.66M	USD	Point-in-time
Property, plant and equipment, net (Note 6)	`PropertyPlantAndEquipmentNet`	$12.65M	USD	Point-in-time
Right of use asset (Note 2)	`RightOfUseAsset`	$313.90K	USD	Point-in-time
Right of use asset (Note 2)	`RightOfUseAsset`	-	USD	Point-in-time
Total assets	`Assets`	$168.65M	USD	Point-in-time
Total assets	`Assets`	$166.61M	USD	Point-in-time
Accounts payable and accrued expenses (Note 3)	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.08M	USD	Point-in-time
Accounts payable and accrued expenses (Note 3)	`AccountsPayableAndAccruedLiabilitiesCurrent`	$712.52K	USD	Point-in-time
Lease liability (Note 2)	`LeaseLiabilityCurrent`	-	USD	Point-in-time
Lease liability (Note 2)	`LeaseLiabilityCurrent`	$80.29K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.16M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$712.52K	USD	Point-in-time
Lease liability (Note 2)	`LeaseLiabilityNonCurrent`	$234.63K	USD	Point-in-time
Lease liability (Note 2)	`LeaseLiabilityNonCurrent`	-	USD	Point-in-time
Total liabilities	`Liabilities`	$1.40M	USD	Point-in-time
Total liabilities	`Liabilities`	$712.52K	USD	Point-in-time
Common shares	`CommonStockValue`	$378.01M	USD	Point-in-time
Common shares	`CommonStockValue`	$378.01M	USD	Point-in-time
Contributed surplus	`ContributedSurplus`	$20.63M	USD	Point-in-time
Contributed surplus	`ContributedSurplus`	$20.63M	USD	Point-in-time
Stock options (Note 9)	`StockOptions`	$20.72M	USD	Point-in-time
Stock options (Note 9)	`StockOptions`	$20.75M	USD	Point-in-time
Accumulated deficit	`AccumulatedDeficit`	$254.18M	USD	Point-in-time
Accumulated deficit	`AccumulatedDeficit`	$251.42M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$167.94M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$165.21M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$168.65M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$166.61M	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Interest income	`OtherInterestAndDividendIncome`	$21.09K	USD	1 Quarter
Interest income	`OtherInterestAndDividendIncome`	$530.64K	USD	1 Quarter
Gain (loss) on marketable equity securities	`GainOnMarketableEquitySecurities`	$12.46K	USD	1 Quarter
Gain (loss) on marketable equity securities	`GainOnMarketableEquitySecurities`	$-14.13K	USD	1 Quarter
Foreign currency gain (loss)	`ForeignCurrencyTransactionGainLossBeforeTax`	$-1.95K	USD	1 Quarter
Foreign currency gain (loss)	`ForeignCurrencyTransactionGainLossBeforeTax`	$290.27K	USD	1 Quarter
Total INCOME (LOSS)	`OtherIncome`	$806.78K	USD	1 Quarter
Total INCOME (LOSS)	`OtherIncome`	$31.60K	USD	1 Quarter
Corporate general and administrative (Notes 3 and 9)	`GeneralAndAdministrativeExpense`	$1.16M	USD	1 Quarter
Corporate general and administrative (Notes 3 and 9)	`GeneralAndAdministrativeExpense`	$1.17M	USD	1 Quarter
Siembra Minera Project costs (Note 7)	`SiembraMinera`	$581.03K	USD	1 Quarter
Siembra Minera Project costs (Note 7)	`SiembraMinera`	$1.84M	USD	1 Quarter
Legal and accounting	`LegalAndAccounting`	$433.80K	USD	1 Quarter
Legal and accounting	`LegalAndAccounting`	$380.36K	USD	1 Quarter
Arbitration and settlement (Note 3)	`ArbitralAwardSettlement`	$36.63K	USD	1 Quarter
Arbitration and settlement (Note 3)	`ArbitralAwardSettlement`	$84.10K	USD	1 Quarter
Equipment holding costs	`EquipmentHoldingCosts`	$275.85K	USD	1 Quarter
Equipment holding costs	`EquipmentHoldingCosts`	$107.96K	USD	1 Quarter
Total EXPENSES	`TotalExpenses`	$3.57M	USD	1 Quarter
Total EXPENSES	`TotalExpenses`	$2.50M	USD	1 Quarter
Net loss before income tax	`NetLossBeforeIncomeTax`	$2.76M	USD	1 Quarter
Net loss before income tax	`NetLossBeforeIncomeTax`	$2.47M	USD	1 Quarter
Income tax expense (Note 10)	`IncomeTaxExpenseBenefit`	$599.29K	USD	1 Quarter
Income tax expense (Note 10)	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net loss and comprehensive loss for the period	`NetIncomeLoss`	$-3.07M	USD	1 Quarter
Net loss and comprehensive loss for the period	`NetIncomeLoss`	$-2.76M	USD	1 Quarter
Net loss per share, basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	1 Quarter
Net loss per share, basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	1 Quarter
Weighted average common shares outstanding, basic and diluted	`WeightedAverageCommonSharesOutstandingBasicAndDiluted`	99.40M	shares	1 Quarter
Weighted average common shares outstanding, basic and diluted	`WeightedAverageCommonSharesOutstandingBasicAndDiluted`	99.40M	shares	1 Quarter

Cash Flow Statement 30 line items

Line Item	Tag	Value	Unit	Period
Net loss for the period	`ProfitLoss`	$-2.76M	USD	1 Quarter
Net loss for the period	`ProfitLoss`	$-3.07M	USD	1 Quarter
Stock option compensation	`StockOptionPlanExpense`	$31.04K	USD	1 Quarter
Stock option compensation	`StockOptionPlanExpense`	$146.25K	USD	1 Quarter
Depreciation	`Depreciation`	$11.57K	USD	1 Quarter
Depreciation	`Depreciation`	$12.29K	USD	1 Quarter
Loss (gain) on marketable equity securities	`MarketableSecuritiesGainLoss`	$14.13K	USD	1 Quarter
Loss (gain) on marketable equity securities	`MarketableSecuritiesGainLoss`	$-12.46K	USD	1 Quarter
Net decrease (increase) in deposits, advances and other	`IncreaseDecreaseInDeposits`	$1.15M	USD	1 Quarter
Net decrease (increase) in deposits, advances and other	`IncreaseDecreaseInDeposits`	$-159.16K	USD	1 Quarter
Net increase (decrease) in payables and accrued expenses	`IncreaseDecreaseInAccountsPayable`	$369.14K	USD	1 Quarter
Net increase (decrease) in payables and accrued expenses	`IncreaseDecreaseInAccountsPayable`	$-1.97M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-5.05M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.18M	USD	1 Quarter
Purchase of property, plant and equipment	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$1.25K	USD	1 Quarter
Purchase of property, plant and equipment	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$18.11K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInFinancingActivities`	$-18.11K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.25K	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-5.07M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.18M	USD	1 Quarter
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$137.67M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$147.65M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$132.61M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$146.46M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$137.67M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$147.65M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$132.61M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$146.46M	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaidNet`	$725.62K	USD	1 Quarter

Stockholders Equity 4 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$167.94M	USD	Point-in-time
Balance	`StockholdersEquity`	$165.21M	USD	Point-in-time
Balance	`StockholdersEquity`	$167.94M	USD	Point-in-time
Balance	`StockholdersEquity`	$165.21M	USD	Point-in-time

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