6-K Filing

GOLD RESERVE LTD CIK: 1072725

Filing Information

Form Type	6-K
Accession Number	`0001072725-20-000019`
Period End Date	20200630
Filing Date	20200805
Fiscal Year	N/A
Fiscal Period	N/A
XBRL Instance	gdrzfform6kex991080520_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 53 Income Statement 68 Cash Flow Statement 65 Stockholders Equity 21

Balance Sheet 53 line items

Line Item	Tag	Value	Unit	Period
Preferred Sttock, issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred Sttock, issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	99.40M	shares	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	99.40M	shares	Point-in-time
Cash and cash equivalents (Note 4)	`CashAndCashEquivalentsAtCarryingValue`	$60.79M	USD	Point-in-time
Cash and cash equivalents (Note 4)	`CashAndCashEquivalentsAtCarryingValue`	$146.46M	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	99.40M	shares	Point-in-time
Cash and cash equivalents (Note 4)	`CashAndCashEquivalentsAtCarryingValue`	$63.72M	USD	Point-in-time
Cash and cash equivalents (Note 4)	`CashAndCashEquivalentsAtCarryingValue`	$67.96M	USD	Point-in-time
Cash and cash equivalents (Note 4)	`CashAndCashEquivalentsAtCarryingValue`	$147.65M	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	99.40M	shares	Point-in-time
Cash and cash equivalents (Note 4)	`CashAndCashEquivalentsAtCarryingValue`	$61.82M	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	99.40M	shares	Point-in-time
Marketable securities (Note 5)	`MarketableSecurities`	$177.94K	USD	Point-in-time
Marketable securities (Note 5)	`MarketableSecurities`	$180.12K	USD	Point-in-time
Income tax receivable (Note 10)	`IncomeTaxReceivable`	$7.59M	USD	Point-in-time
Income tax receivable (Note 10)	`IncomeTaxReceivable`	$10.80M	USD	Point-in-time
Prepaid expense and other	`OtherAssetsCurrent`	$747.87K	USD	Point-in-time
Prepaid expense and other	`OtherAssetsCurrent`	$1.07M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$69.63M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$73.55M	USD	Point-in-time
Property, plant and equipment, net (Note 6)	`PropertyPlantAndEquipmentNet`	$6.47M	USD	Point-in-time
Property, plant and equipment, net (Note 6)	`PropertyPlantAndEquipmentNet`	$6.40M	USD	Point-in-time
Deferred tax asset (Note 10)	`DeferredIncomeTaxAssetsNet`	-	USD	Point-in-time
Deferred tax asset (Note 10)	`DeferredIncomeTaxAssetsNet`	$710.19K	USD	Point-in-time
Right of use asset	`OperatingLeaseRightOfUseAsset`	$209.35K	USD	Point-in-time
Right of use asset	`OperatingLeaseRightOfUseAsset`	$251.98K	USD	Point-in-time
Total assets	`Assets`	$80.27M	USD	Point-in-time
Total assets	`Assets`	$76.95M	USD	Point-in-time
Accounts payable and accrued expenses (Note 3)	`AccountsPayableAndAccruedLiabilitiesCurrent`	$728.79K	USD	Point-in-time
Accounts payable and accrued expenses (Note 3)	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.02M	USD	Point-in-time
Lease liability	`OperatingLeaseLiabilityCurrent`	$85.52K	USD	Point-in-time
Lease liability	`OperatingLeaseLiabilityCurrent`	$89.12K	USD	Point-in-time
Contingent value rights (Note 3)	`AccruedContingentValueRights`	$39.51K	USD	Point-in-time
Contingent value rights (Note 3)	`AccruedContingentValueRights`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$814.31K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.15M	USD	Point-in-time
Lease liability	`OperatingLeaseLiabilityNoncurrent`	$169.91K	USD	Point-in-time
Lease liability	`OperatingLeaseLiabilityNoncurrent`	$124.44K	USD	Point-in-time
Total liabilities	`Liabilities`	$984.22K	USD	Point-in-time
Total liabilities	`Liabilities`	$1.27M	USD	Point-in-time
Common shares (Note 11)	`CommonStockValue`	$302.47M	USD	Point-in-time
Common shares (Note 11)	`CommonStockValue`	$302.47M	USD	Point-in-time
Contributed surplus	`AdditionalPaidInCapitalCommonStock`	$20.63M	USD	Point-in-time
Contributed surplus	`AdditionalPaidInCapitalCommonStock`	$20.63M	USD	Point-in-time
Stock options (Note 9)	`AccumulatedStockOptionExpense`	$20.75M	USD	Point-in-time
Stock options (Note 9)	`AccumulatedStockOptionExpense`	$20.75M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-264.56M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-268.17M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$79.28M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$75.68M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$80.27M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$76.95M	USD	Point-in-time

Income Statement 68 line items

Line Item	Tag	Value	Unit	Period
Interest income	`InvestmentIncomeInterest`	$440.42K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$258.35K	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$971.05K	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$56.03K	USD	1 Quarter
Gain (loss) on marketable equity securities	`GainLossOnInvestments`	$46.90K	USD	1 Quarter
Gain (loss) on marketable equity securities	`GainLossOnInvestments`	$-86.44K	USD	1 Quarter
Gain (loss) on marketable equity securities	`GainLossOnInvestments`	$2.17K	USD	2 Qtrs
Gain (loss) on marketable equity securities	`GainLossOnInvestments`	$-100.56K	USD	2 Qtrs
Foreign currency gain (loss)	`ForeignCurrencyGainLoss`	$584.24K	USD	2 Qtrs
Foreign currency gain (loss)	`ForeignCurrencyGainLoss`	$293.98K	USD	1 Quarter
Foreign currency gain (loss)	`ForeignCurrencyGainLoss`	$-20.70K	USD	2 Qtrs
Foreign currency gain (loss)	`ForeignCurrencyGainLoss`	$19.92K	USD	1 Quarter
Total Other Income	`NonoperatingIncomeExpense`	$239.81K	USD	2 Qtrs
Total Other Income	`NonoperatingIncomeExpense`	$1.45M	USD	2 Qtrs
Total Other Income	`NonoperatingIncomeExpense`	$647.95K	USD	1 Quarter
Total Other Income	`NonoperatingIncomeExpense`	$122.84K	USD	1 Quarter
Corporate general and administrative (Note 3)	`GeneralAndAdministrativeExpense`	$1.29M	USD	1 Quarter
Corporate general and administrative (Note 3)	`GeneralAndAdministrativeExpense`	$2.28M	USD	2 Qtrs
Corporate general and administrative (Note 3)	`GeneralAndAdministrativeExpense`	$1.07M	USD	1 Quarter
Corporate general and administrative (Note 3)	`GeneralAndAdministrativeExpense`	$2.45M	USD	2 Qtrs
Contingent value rights (Note 3)	`ContingentValueRights`	-	USD	1 Quarter
Contingent value rights (Note 3)	`ContingentValueRights`	$38.82K	USD	2 Qtrs
Contingent value rights (Note 3)	`ContingentValueRights`	-	USD	2 Qtrs
Contingent value rights (Note 3)	`ContingentValueRights`	$6.17K	USD	1 Quarter
Siembra Minera Project costs (Note 7)	`SiembraMineraProjectCosts`	$727.89K	USD	2 Qtrs
Siembra Minera Project costs (Note 7)	`SiembraMineraProjectCosts`	$2.43M	USD	1 Quarter
Siembra Minera Project costs (Note 7)	`SiembraMineraProjectCosts`	$350.84K	USD	1 Quarter
Siembra Minera Project costs (Note 7)	`SiembraMineraProjectCosts`	$4.27M	USD	2 Qtrs
Exploration costs	`ExplorationExpense`	$3.21K	USD	2 Qtrs
Exploration costs	`ExplorationExpense`	$2.73K	USD	1 Quarter
Exploration costs	`ExplorationExpense`	$3.21K	USD	1 Quarter
Exploration costs	`ExplorationExpense`	$2.73K	USD	2 Qtrs
Legal and accounting	`LegalAndAccounting`	$899.23K	USD	2 Qtrs
Legal and accounting	`LegalAndAccounting`	$518.87K	USD	1 Quarter
Legal and accounting	`LegalAndAccounting`	$170.37K	USD	1 Quarter
Legal and accounting	`LegalAndAccounting`	$357.50K	USD	2 Qtrs
Arbitration and settlement (Note 3)	`ArbitrationAndSettlement`	$630.79K	USD	1 Quarter
Arbitration and settlement (Note 3)	`ArbitrationAndSettlement`	$97.67K	USD	2 Qtrs
Arbitration and settlement (Note 3)	`ArbitrationAndSettlement`	$13.57K	USD	1 Quarter
Arbitration and settlement (Note 3)	`ArbitrationAndSettlement`	$908.28K	USD	2 Qtrs
Equipment holding costs	`EquipmentHoldingCosts`	$108.69K	USD	1 Quarter
Equipment holding costs	`EquipmentHoldingCosts`	$216.65K	USD	2 Qtrs
Equipment holding costs	`EquipmentHoldingCosts`	$234.50K	USD	2 Qtrs
Equipment holding costs	`EquipmentHoldingCosts`	$125.93K	USD	1 Quarter
Total Expense	`OperatingCostsAndExpenses`	$4.37M	USD	1 Quarter
Total Expense	`OperatingCostsAndExpenses`	$2.36M	USD	1 Quarter
Total Expense	`OperatingCostsAndExpenses`	$4.55M	USD	2 Qtrs
Total Expense	`OperatingCostsAndExpenses`	$7.93M	USD	2 Qtrs
Net loss before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-2.24M	USD	1 Quarter
Net loss before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-3.72M	USD	1 Quarter
Net loss before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-4.31M	USD	2 Qtrs
Net loss before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-6.48M	USD	2 Qtrs
Income tax benefit (Note 10)	`IncomeTaxExpenseBenefit`	$710.19K	USD	2 Qtrs
Income tax benefit (Note 10)	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax benefit (Note 10)	`IncomeTaxExpenseBenefit`	$112.83K	USD	1 Quarter
Income tax benefit (Note 10)	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Net loss and comprehensive loss for the period	`NetIncomeLoss`	$-3.72M	USD	1 Quarter
Net loss and comprehensive loss for the period	`NetIncomeLoss`	$-6.48M	USD	2 Qtrs
Net loss and comprehensive loss for the period	`NetIncomeLoss`	$-2.12M	USD	1 Quarter
Net loss and comprehensive loss for the period	`NetIncomeLoss`	$-3.60M	USD	2 Qtrs
Net loss per share, basic and diluted	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.07	USD	2 Qtrs
Net loss per share, basic and diluted	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.04	USD	1 Quarter
Net loss per share, basic and diluted	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.04	USD	2 Qtrs
Net loss per share, basic and diluted	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.02	USD	1 Quarter
Weighted average common shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	99.40M	shares	1 Quarter
Weighted average common shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	99.40M	shares	1 Quarter
Weighted average common shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	99.40M	shares	2 Qtrs
Weighted average common shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	99.40M	shares	2 Qtrs

Cash Flow Statement 65 line items

Line Item	Tag	Value	Unit	Period
Net loss for the period	`ProfitLoss`	$-6.48M	USD	2 Qtrs
Net loss for the period	`ProfitLoss`	$-3.72M	USD	1 Quarter
Net loss for the period	`ProfitLoss`	$-3.60M	USD	2 Qtrs
Net loss for the period	`ProfitLoss`	$-2.12M	USD	1 Quarter
Stock option compensation	`StockOptionPlanExpense`	$31.04K	USD	2 Qtrs
Stock option compensation	`StockOptionPlanExpense`	-	USD	1 Quarter
Stock option compensation	`StockOptionPlanExpense`	-	USD	2 Qtrs
Depreciation	`Depreciation`	$33.03K	USD	1 Quarter
Depreciation	`Depreciation`	$66.06K	USD	2 Qtrs
Depreciation	`Depreciation`	$53.27K	USD	1 Quarter
Depreciation	`Depreciation`	$65.56K	USD	2 Qtrs
Loss (gain) on marketable equity securities	`MarketableSecuritiesGainLoss`	$-2.17K	USD	2 Qtrs
Loss (gain) on marketable equity securities	`MarketableSecuritiesGainLoss`	$-46.90K	USD	1 Quarter
Loss (gain) on marketable equity securities	`MarketableSecuritiesGainLoss`	$86.44K	USD	1 Quarter
Loss (gain) on marketable equity securities	`MarketableSecuritiesGainLoss`	$100.56K	USD	2 Qtrs
Deferred tax	`DeferredIncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Deferred tax	`DeferredIncomeTaxExpenseBenefit`	$-710.19K	USD	2 Qtrs
Deferred tax	`DeferredIncomeTaxExpenseBenefit`	$-112.83K	USD	1 Quarter
Decrease in income tax receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	-	USD	2 Qtrs
Decrease in income tax receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	-	USD	1 Quarter
Decrease in income tax receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$3.20M	USD	2 Qtrs
Net decrease (increase) in prepaid expense and other	`IncreaseDecreaseInDepositOtherAssets`	$-322.13K	USD	2 Qtrs
Net decrease (increase) in prepaid expense and other	`IncreaseDecreaseInDepositOtherAssets`	$-733.11K	USD	1 Quarter
Net decrease (increase) in prepaid expense and other	`IncreaseDecreaseInDepositOtherAssets`	$70.76K	USD	2 Qtrs
Net decrease (increase) in prepaid expense and other	`IncreaseDecreaseInDepositOtherAssets`	$-1.08M	USD	1 Quarter
Net increase in payables and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$2.07M	USD	2 Qtrs
Net increase in payables and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$50.68K	USD	1 Quarter
Net increase in payables and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$331.65K	USD	2 Qtrs
Net increase in payables and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.70M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.93M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-4.14M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.96M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.04M	USD	2 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	2 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	1 Quarter
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$2.23K	USD	1 Quarter
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.48K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-2.23K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.48K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	2 Qtrs
Return of capital	`ReturnOfCapital`	-	USD	2 Qtrs
Return of capital	`ReturnOfCapital`	$-75.54M	USD	1 Quarter
Return of capital	`ReturnOfCapital`	$-75.54M	USD	2 Qtrs
Return of capital	`ReturnOfCapital`	-	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-75.54M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-75.54M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-78.50M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.04M	USD	2 Qtrs
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.93M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-79.69M	USD	2 Qtrs
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$60.79M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$146.46M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$63.72M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$67.96M	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`	$61.82M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$60.79M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$146.46M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$63.72M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$67.96M	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`	$61.82M	USD	Point-in-time

Stockholders Equity 21 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquity`	$79.28M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$75.68M	USD	Point-in-time
Common Stock, Shares, Outstanding, Beginning Balance	`CommonStockSharesOutstanding`	99.40M	shares	Point-in-time
Common Stock, Shares, Outstanding, Beginning Balance	`CommonStockSharesOutstanding`	99.40M	shares	Point-in-time
Common Stock, Shares, Outstanding, Beginning Balance	`CommonStockSharesOutstanding`	99.40M	shares	Point-in-time
Net loss for the period	`NetIncomeLoss`	$-3.72M	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-6.48M	USD	2 Qtrs
Net loss for the period	`NetIncomeLoss`	$-2.12M	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-3.60M	USD	2 Qtrs
Ending balance, value	`StockholdersEquity`	$79.28M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$75.68M	USD	Point-in-time
Common Stock, Shares, Outstanding, Ending Balance	`CommonStockSharesOutstanding`	99.40M	shares	Point-in-time
Common Stock, Shares, Outstanding, Ending Balance	`CommonStockSharesOutstanding`	99.40M	shares	Point-in-time
Common Stock, Shares, Outstanding, Ending Balance	`CommonStockSharesOutstanding`	99.40M	shares	Point-in-time
Stock option compensation (Note 9)	`StockOptionPlanExpense`	$31.04K	USD	2 Qtrs
Stock option compensation (Note 9)	`StockOptionPlanExpense`	-	USD	1 Quarter
Stock option compensation (Note 9)	`StockOptionPlanExpense`	-	USD	2 Qtrs
Return of capital (Note 11)	`ReturnOfCapital`	-	USD	2 Qtrs
Return of capital (Note 11)	`ReturnOfCapital`	$-75.54M	USD	1 Quarter
Return of capital (Note 11)	`ReturnOfCapital`	$-75.54M	USD	2 Qtrs
Return of capital (Note 11)	`ReturnOfCapital`	-	USD	1 Quarter

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