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6-K Filing

GOLD RESERVE LTD CIK: 1072725 Q3 2020
Filing Information
Form Type 6-K
Accession Number 0001072725-20-000028
Period End Date 20200930
Filing Date 20201112
Fiscal Year 2020
Fiscal Period Q3
XBRL Instance gdrzfform6kex991111220_htm.xml
Filing Contents
Balance Sheet 49 line items
Line Item Tag Value Unit Period
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 $67.96M USD Point-in-time
Cash and cash equivalents (Note 4) CashAndCashEquivalentsAtCarryingValue $147.65M USD Point-in-time
Cash and cash equivalents (Note 4) CashAndCashEquivalentsAtCarryingValue $64.95M USD Point-in-time
Cash and cash equivalents (Note 4) CashAndCashEquivalentsAtCarryingValue $61.82M USD Point-in-time
Cash and cash equivalents (Note 4) CashAndCashEquivalentsAtCarryingValue $58.89M USD Point-in-time
Cash and cash equivalents (Note 4) CashAndCashEquivalentsAtCarryingValue $60.79M USD Point-in-time
Marketable securities (Note 5) MarketableSecurities $177.94K USD Point-in-time
Marketable securities (Note 5) MarketableSecurities $183.73K 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 $798.93K USD Point-in-time
Prepaid expense and other OtherAssetsCurrent $747.87K USD Point-in-time
Total current assets AssetsCurrent $73.55M USD Point-in-time
Total current assets AssetsCurrent $67.46M USD Point-in-time
Property, plant and equipment, net (Note 6) PropertyPlantAndEquipmentNet $6.29M USD Point-in-time
Property, plant and equipment, net (Note 6) PropertyPlantAndEquipmentNet $6.47M USD Point-in-time
Deferred tax asset (Note 10) DeferredIncomeTaxAssetsNet $845.18K USD Point-in-time
Deferred tax asset (Note 10) DeferredIncomeTaxAssetsNet - USD Point-in-time
Right of use asset OperatingLeaseRightOfUseAsset $187.61K USD Point-in-time
Right of use asset OperatingLeaseRightOfUseAsset $251.98K USD Point-in-time
Total assets Assets $74.79M USD Point-in-time
Total assets Assets $80.27M 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 $649.84K USD Point-in-time
Lease liability OperatingLeaseLiabilityCurrent $90.96K USD Point-in-time
Lease liability OperatingLeaseLiabilityCurrent $85.52K USD Point-in-time
Contingent value rights (Note 3) AccruedContingentValueRights $46.89K 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 $787.69K USD Point-in-time
Lease liability OperatingLeaseLiabilityNoncurrent $169.91K USD Point-in-time
Lease liability OperatingLeaseLiabilityNoncurrent $101.24K USD Point-in-time
Total liabilities Liabilities $888.93K USD Point-in-time
Total liabilities Liabilities $984.22K USD Point-in-time
Preferred Stock, issued PreferredStockSharesIssued 0.00 shares 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 $21.40M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-270.60M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-264.56M USD Point-in-time
Total shareholders' equity StockholdersEquity $79.28M USD Point-in-time
Total shareholders' equity StockholdersEquity $73.90M USD Point-in-time
Total liabilities and shareholders' equity LiabilitiesAndStockholdersEquity $74.79M USD Point-in-time
Total liabilities and shareholders' equity LiabilitiesAndStockholdersEquity $80.27M USD Point-in-time
Income Statement 72 line items
Line Item Tag Value Unit Period
Interest income InvestmentIncomeInterest $1.12M USD 3 Qtrs
Interest income InvestmentIncomeInterest $277.75K USD 3 Qtrs
Interest income InvestmentIncomeInterest $19.40K USD 1 Quarter
Interest income InvestmentIncomeInterest $151.59K USD 1 Quarter
Gain (loss) on marketable equity securities GainLossOnInvestments $-134.94K USD 3 Qtrs
Gain (loss) on marketable equity securities GainLossOnInvestments $-34.38K USD 1 Quarter
Gain (loss) on marketable equity securities GainLossOnInvestments $3.61K USD 1 Quarter
Gain (loss) on marketable equity securities GainLossOnInvestments $5.78K USD 3 Qtrs
Loss on disposition of property, plant and equipment GainLossOnDispositionOfAssets - USD 1 Quarter
Loss on disposition of property, plant and equipment GainLossOnDispositionOfAssets - USD 3 Qtrs
Loss on disposition of property, plant and equipment GainLossOnDispositionOfAssets $-30.48K USD 1 Quarter
Loss on disposition of property, plant and equipment GainLossOnDispositionOfAssets $-30.48K USD 3 Qtrs
Foreign currency gain (loss) ForeignCurrencyGainLoss $-184.38K USD 1 Quarter
Foreign currency gain (loss) ForeignCurrencyGainLoss $4.79K USD 1 Quarter
Foreign currency gain (loss) ForeignCurrencyGainLoss $-15.91K USD 3 Qtrs
Foreign currency gain (loss) ForeignCurrencyGainLoss $399.86K USD 3 Qtrs
Total Other Income NonoperatingIncomeExpense $-2.67K USD 1 Quarter
Total Other Income NonoperatingIncomeExpense $237.15K USD 3 Qtrs
Total Other Income NonoperatingIncomeExpense $-67.18K USD 1 Quarter
Total Other Income NonoperatingIncomeExpense $1.39M USD 3 Qtrs
Corporate general and administrative (Note 3) GeneralAndAdministrativeExpense $3.86M USD 3 Qtrs
Corporate general and administrative (Note 3) GeneralAndAdministrativeExpense $3.92M USD 3 Qtrs
Corporate general and administrative (Note 3) GeneralAndAdministrativeExpense $1.47M USD 1 Quarter
Corporate general and administrative (Note 3) GeneralAndAdministrativeExpense $1.58M USD 1 Quarter
Contingent value rights (Note 3) ContingentValueRights $262.55K USD 1 Quarter
Contingent value rights (Note 3) ContingentValueRights $262.55K USD 3 Qtrs
Contingent value rights (Note 3) ContingentValueRights $46.20K USD 3 Qtrs
Contingent value rights (Note 3) ContingentValueRights $7.38K USD 1 Quarter
Siembra Minera Project costs (Note 7) SiembraMineraProjectCosts $4.70M USD 3 Qtrs
Siembra Minera Project costs (Note 7) SiembraMineraProjectCosts $1.22M USD 3 Qtrs
Siembra Minera Project costs (Note 7) SiembraMineraProjectCosts $431.82K USD 1 Quarter
Siembra Minera Project costs (Note 7) SiembraMineraProjectCosts $487.38K USD 1 Quarter
Exploration costs ExplorationExpense $55.60K USD 1 Quarter
Exploration costs ExplorationExpense $58.81K USD 3 Qtrs
Exploration costs ExplorationExpense $34.80K USD 3 Qtrs
Exploration costs ExplorationExpense $32.07K USD 1 Quarter
Legal and accounting LegalAndAccounting $141.28K USD 1 Quarter
Legal and accounting LegalAndAccounting $179.91K USD 1 Quarter
Legal and accounting LegalAndAccounting $498.79K USD 3 Qtrs
Legal and accounting LegalAndAccounting $1.08M USD 3 Qtrs
Arbitration and settlement (Note 3) ArbitrationAndSettlement $173.28K USD 1 Quarter
Arbitration and settlement (Note 3) ArbitrationAndSettlement $157.26K USD 1 Quarter
Arbitration and settlement (Note 3) ArbitrationAndSettlement $254.93K USD 3 Qtrs
Arbitration and settlement (Note 3) ArbitrationAndSettlement $1.08M USD 3 Qtrs
Equipment holding costs EquipmentHoldingCosts $108.45K USD 1 Quarter
Equipment holding costs EquipmentHoldingCosts $349.36K USD 3 Qtrs
Equipment holding costs EquipmentHoldingCosts $325.10K USD 3 Qtrs
Equipment holding costs EquipmentHoldingCosts $114.85K USD 1 Quarter
Total Expense OperatingCostsAndExpenses $2.56M USD 1 Quarter
Total Expense OperatingCostsAndExpenses $2.64M USD 1 Quarter
Total Expense OperatingCostsAndExpenses $10.58M USD 3 Qtrs
Total Expense OperatingCostsAndExpenses $7.11M USD 3 Qtrs
Net loss before income tax IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $-6.88M USD 3 Qtrs
Net loss before income tax IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $-9.19M USD 3 Qtrs
Net loss before income tax IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $-2.56M USD 1 Quarter
Net loss before income tax IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $-2.71M USD 1 Quarter
Income tax benefit (Note 10) IncomeTaxExpenseBenefit $-134.99K USD 1 Quarter
Income tax benefit (Note 10) IncomeTaxExpenseBenefit $-4.35M USD 1 Quarter
Income tax benefit (Note 10) IncomeTaxExpenseBenefit $-845.18K USD 3 Qtrs
Income tax benefit (Note 10) IncomeTaxExpenseBenefit $-4.35M USD 3 Qtrs
Net income (loss) and comprehensive income (loss) for the period NetIncomeLoss $-2.43M USD 1 Quarter
Net income (loss) and comprehensive income (loss) for the period NetIncomeLoss $-4.84M USD 3 Qtrs
Net income (loss) and comprehensive income (loss) for the period NetIncomeLoss $1.64M USD 1 Quarter
Net income (loss) and comprehensive income (loss) for the period NetIncomeLoss $-6.03M USD 3 Qtrs
Net income (loss) per share, basic and diluted IncomeLossFromContinuingOperationsPerBasicAndDilutedShare $-0.02 USD 1 Quarter
Net income (loss) per share, basic and diluted IncomeLossFromContinuingOperationsPerBasicAndDilutedShare $0.02 USD 1 Quarter
Net income (loss) per share, basic and diluted IncomeLossFromContinuingOperationsPerBasicAndDilutedShare $-0.06 USD 3 Qtrs
Net income (loss) per share, basic and diluted IncomeLossFromContinuingOperationsPerBasicAndDilutedShare $-0.05 USD 3 Qtrs
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 3 Qtrs
Weighted average common shares outstanding, basic and diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted 99.40M shares 3 Qtrs
Cash Flow Statement 74 line items
Line Item Tag Value Unit Period
Net income (loss) for the period ProfitLoss $-4.84M USD 3 Qtrs
Net income (loss) for the period ProfitLoss $-2.43M USD 1 Quarter
Net income (loss) for the period ProfitLoss $-6.03M USD 3 Qtrs
Net income (loss) for the period ProfitLoss $1.64M USD 1 Quarter
Stock option compensation StockOptionPlanExpense - USD 1 Quarter
Stock option compensation StockOptionPlanExpense $31.04K USD 3 Qtrs
Stock option compensation StockOptionPlanExpense $644.72K USD 3 Qtrs
Stock option compensation StockOptionPlanExpense $644.72K USD 1 Quarter
Depreciation Depreciation $98.56K USD 3 Qtrs
Depreciation Depreciation $97.67K USD 3 Qtrs
Depreciation Depreciation $33.00K USD 1 Quarter
Depreciation Depreciation $31.61K USD 1 Quarter
Loss (gain) on marketable equity securities MarketableSecuritiesGainLoss $134.94K USD 3 Qtrs
Loss (gain) on marketable equity securities MarketableSecuritiesGainLoss $34.38K USD 1 Quarter
Loss (gain) on marketable equity securities MarketableSecuritiesGainLoss $-5.78K USD 3 Qtrs
Loss (gain) on marketable equity securities MarketableSecuritiesGainLoss $-3.61K USD 1 Quarter
Loss on disposition of property, plant and equipment GainLossOnSaleOfPropertyPlantEquipment $30.48K USD 3 Qtrs
Loss on disposition of property, plant and equipment GainLossOnSaleOfPropertyPlantEquipment $30.48K USD 1 Quarter
Income tax DeferredIncomeTaxExpenseBenefit $-134.99K USD 1 Quarter
Income tax DeferredIncomeTaxExpenseBenefit $-845.18K USD 3 Qtrs
Income tax DeferredIncomeTaxExpenseBenefit $-4.35M USD 3 Qtrs
Income tax DeferredIncomeTaxExpenseBenefit $-4.35M USD 1 Quarter
Decrease in income tax receivable IncreaseDecreaseInIncomeTaxesReceivable - USD 3 Qtrs
Decrease in income tax receivable IncreaseDecreaseInIncomeTaxesReceivable - USD 1 Quarter
Decrease in income tax receivable IncreaseDecreaseInIncomeTaxesReceivable - USD 1 Quarter
Decrease in income tax receivable IncreaseDecreaseInIncomeTaxesReceivable $3.20M USD 3 Qtrs
Net decrease (increase) in prepaid expense and other IncreaseDecreaseInDepositOtherAssets $422.51K USD 1 Quarter
Net decrease (increase) in prepaid expense and other IncreaseDecreaseInDepositOtherAssets $-51.06K USD 3 Qtrs
Net decrease (increase) in prepaid expense and other IncreaseDecreaseInDepositOtherAssets $271.07K USD 1 Quarter
Net decrease (increase) in prepaid expense and other IncreaseDecreaseInDepositOtherAssets $493.27K USD 3 Qtrs
Net increase (decrease) in payables and accrued expenses IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-362.56K USD 1 Quarter
Net increase (decrease) in payables and accrued expenses IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-30.91K USD 3 Qtrs
Net increase (decrease) in payables and accrued expenses IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $1.29M USD 3 Qtrs
Net increase (decrease) in payables and accrued expenses IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-782.73K USD 1 Quarter
Net cash used in operating activities NetCashProvidedByUsedInOperatingActivities $-2.99M USD 3 Qtrs
Net cash used in operating activities NetCashProvidedByUsedInOperatingActivities $-7.14M USD 3 Qtrs
Net cash used in operating activities NetCashProvidedByUsedInOperatingActivities $-1.95M USD 1 Quarter
Net cash used in operating activities NetCashProvidedByUsedInOperatingActivities $-3.00M USD 1 Quarter
Purchase of property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $46.75K USD 3 Qtrs
Purchase of property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $10.01K USD 3 Qtrs
Purchase of property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $6.53K USD 1 Quarter
Purchase of property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $46.75K USD 1 Quarter
Proceeds from sale of property, plant and equipment ProceedsFromSaleOfPropertyPlantAndEquipment - USD 3 Qtrs
Proceeds from sale of property, plant and equipment ProceedsFromSaleOfPropertyPlantAndEquipment $98.65K USD 3 Qtrs
Proceeds from sale of property, plant and equipment ProceedsFromSaleOfPropertyPlantAndEquipment - USD 1 Quarter
Proceeds from sale of property, plant and equipment ProceedsFromSaleOfPropertyPlantAndEquipment $98.65K USD 1 Quarter
Net cash provided by (used in) investing activities NetCashProvidedByUsedInInvestingActivities $-6.53K USD 1 Quarter
Net cash provided by (used in) investing activities NetCashProvidedByUsedInInvestingActivities $51.90K USD 1 Quarter
Net cash provided by (used in) investing activities NetCashProvidedByUsedInInvestingActivities $51.90K USD 3 Qtrs
Net cash provided by (used in) investing activities NetCashProvidedByUsedInInvestingActivities $-10.01K USD 3 Qtrs
Return of capital ReturnOfCapital - USD 1 Quarter
Return of capital ReturnOfCapital $-75.54M USD 3 Qtrs
Return of capital ReturnOfCapital - USD 1 Quarter
Return of capital ReturnOfCapital - USD 3 Qtrs
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities - USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities - USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-75.54M USD 3 Qtrs
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities - USD 3 Qtrs
Net decrease in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-3.01M USD 1 Quarter
Net decrease in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-82.69M USD 3 Qtrs
Net decrease in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-1.90M USD 1 Quarter
Net decrease in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-2.94M USD 3 Qtrs
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 $64.95M USD Point-in-time
Cash and cash equivalents - beginning of period CashAndCashEquivalentsAtCarryingValue $61.82M USD Point-in-time
Cash and cash equivalents - beginning of period CashAndCashEquivalentsAtCarryingValue $58.89M USD Point-in-time
Cash and cash equivalents - beginning of period CashAndCashEquivalentsAtCarryingValue $60.79M 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 $64.95M USD Point-in-time
Cash and cash equivalents - end of period CashAndCashEquivalentsAtCarryingValue $61.82M USD Point-in-time
Cash and cash equivalents - end of period CashAndCashEquivalentsAtCarryingValue $58.89M USD Point-in-time
Cash and cash equivalents - end of period CashAndCashEquivalentsAtCarryingValue $60.79M USD Point-in-time
Stockholders Equity 16 line items
Line Item Tag Value Unit Period
Beginning balance, value StockholdersEquity $79.28M USD Point-in-time
Beginning balance, value StockholdersEquity $73.90M USD Point-in-time
Net loss for the period NetIncomeLoss $-2.43M USD 1 Quarter
Net loss for the period NetIncomeLoss $-4.84M USD 3 Qtrs
Net loss for the period NetIncomeLoss $1.64M USD 1 Quarter
Net loss for the period NetIncomeLoss $-6.03M USD 3 Qtrs
Stock option compensation (Note 9) StockOptionPlanExpense - USD 1 Quarter
Stock option compensation (Note 9) StockOptionPlanExpense $31.04K USD 3 Qtrs
Stock option compensation (Note 9) StockOptionPlanExpense $644.72K USD 3 Qtrs
Stock option compensation (Note 9) StockOptionPlanExpense $644.72K USD 1 Quarter
Ending balance, value StockholdersEquity $79.28M USD Point-in-time
Ending balance, value StockholdersEquity $73.90M USD Point-in-time
Return of capital (Note 11) ReturnOfCapital - USD 1 Quarter
Return of capital (Note 11) ReturnOfCapital $-75.54M USD 3 Qtrs
Return of capital (Note 11) ReturnOfCapital - USD 1 Quarter
Return of capital (Note 11) ReturnOfCapital - USD 3 Qtrs

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

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