6-K Filing

GOLD RESERVE LTD CIK: 1072725 Q1 2021

Filing Information

Form Type	6-K
Accession Number	`0001072725-21-000022`
Period End Date	20210331
Filing Date	20210513
Fiscal Year	2021
Fiscal Period	Q1
XBRL Instance	gdrzfform6kex991051321_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 45 Income Statement 34 Cash Flow Statement 32 Stockholders Equity 8

Balance Sheet 45 line items

Line Item	Tag	Value	Unit	Period
Common Stock, Shares, Issued	`CommonStockSharesIssued`	99.40M	shares	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	99.40M	shares	Point-in-time
Cash and cash equivalents (Note 4)	`CashAndCashEquivalentsAtCarryingValue`	$57.42M	USD	Point-in-time
Cash and cash equivalents (Note 4)	`CashAndCashEquivalentsAtCarryingValue`	$63.72M	USD	Point-in-time
Cash and cash equivalents (Note 4)	`CashAndCashEquivalentsAtCarryingValue`	$61.82M	USD	Point-in-time
Cash and cash equivalents (Note 4)	`CashAndCashEquivalentsAtCarryingValue`	$55.90M	USD	Point-in-time
Marketable securities (Note 5)	`MarketableSecurities`	$124.58K	USD	Point-in-time
Marketable securities (Note 5)	`MarketableSecurities`	$83.58K	USD	Point-in-time
Income tax receivable (Note 10)	`IncomeTaxReceivable`	$8.68M	USD	Point-in-time
Income tax receivable (Note 10)	`IncomeTaxReceivable`	$8.68M	USD	Point-in-time
Prepaid expense and other	`OtherAssetsCurrent`	$573.41K	USD	Point-in-time
Prepaid expense and other	`OtherAssetsCurrent`	$300.61K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$66.76M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$65.01M	USD	Point-in-time
Property, plant and equipment, net (Note 6)	`PropertyPlantAndEquipmentNet`	$2.51M	USD	Point-in-time
Property, plant and equipment, net (Note 6)	`PropertyPlantAndEquipmentNet`	$2.49M	USD	Point-in-time
Right of use asset	`OperatingLeaseRightOfUseAsset`	$165.58K	USD	Point-in-time
Right of use asset	`OperatingLeaseRightOfUseAsset`	$143.25K	USD	Point-in-time
Total assets	`Assets`	$69.44M	USD	Point-in-time
Total assets	`Assets`	$67.64M	USD	Point-in-time
Accounts payable and accrued expenses (Note 3)	`AccountsPayableAndAccruedLiabilitiesCurrent`	$780.92K	USD	Point-in-time
Accounts payable and accrued expenses (Note 3)	`AccountsPayableAndAccruedLiabilitiesCurrent`	$839.11K	USD	Point-in-time
Lease liability	`OperatingLeaseLiabilityCurrent`	$92.82K	USD	Point-in-time
Lease liability	`OperatingLeaseLiabilityCurrent`	$94.71K	USD	Point-in-time
Contingent value rights (Note 3)	`AccruedContingentValueRights`	$60.24K	USD	Point-in-time
Contingent value rights (Note 3)	`AccruedContingentValueRights`	$60.24K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$933.99K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$994.06K	USD	Point-in-time
Lease liability	`OperatingLeaseLiabilityNoncurrent`	$77.09K	USD	Point-in-time
Lease liability	`OperatingLeaseLiabilityNoncurrent`	$52.62K	USD	Point-in-time
Total liabilities	`Liabilities`	$1.05M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.01M	USD	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Common shares	`CommonStockValue`	$302.47M	USD	Point-in-time
Common shares	`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`	$21.46M	USD	Point-in-time
Stock options (Note 9)	`AccumulatedStockOptionExpense`	$21.41M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-276.08M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-277.95M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$68.42M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$66.60M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$67.64M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$69.44M	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Interest income	`InvestmentIncomeInterest`	$202.32K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$10.10K	USD	1 Quarter
Gain (loss) on marketable equity securities	`GainLossOnInvestments`	$-44.73K	USD	1 Quarter
Gain (loss) on marketable equity securities	`GainLossOnInvestments`	$41.00K	USD	1 Quarter
Foreign currency gain (loss)	`ForeignCurrencyGainLoss`	$8.30K	USD	1 Quarter
Foreign currency gain (loss)	`ForeignCurrencyGainLoss`	$-40.62K	USD	1 Quarter
Total Other Income	`NonoperatingIncomeExpense`	$59.41K	USD	1 Quarter
Total Other Income	`NonoperatingIncomeExpense`	$116.97K	USD	1 Quarter
Corporate general and administrative (Note 3)	`GeneralAndAdministrativeExpense`	$1.12M	USD	1 Quarter
Corporate general and administrative (Note 3)	`GeneralAndAdministrativeExpense`	$1.21M	USD	1 Quarter
Contingent value rights (Note 3)	`ContingentValueRights`	$32.65K	USD	1 Quarter
Contingent value rights (Note 3)	`ContingentValueRights`	-	USD	1 Quarter
Siembra Minera Project costs (Note 7)	`SiembraMineraProjectCosts`	$377.04K	USD	1 Quarter
Siembra Minera Project costs (Note 7)	`SiembraMineraProjectCosts`	$278.47K	USD	1 Quarter
Exploration costs	`ExplorationExpense`	-	USD	1 Quarter
Exploration costs	`ExplorationExpense`	$23.52K	USD	1 Quarter
Legal and accounting	`LegalAndAccounting`	$321.45K	USD	1 Quarter
Legal and accounting	`LegalAndAccounting`	$187.13K	USD	1 Quarter
Arbitration and settlement (Note 3)	`ArbitrationAndSettlement`	$277.49K	USD	1 Quarter
Arbitration and settlement (Note 3)	`ArbitrationAndSettlement`	$80.30K	USD	1 Quarter
Equipment holding costs	`EquipmentHoldingCosts`	$108.57K	USD	1 Quarter
Equipment holding costs	`EquipmentHoldingCosts`	$114.14K	USD	1 Quarter
Total Expense	`OperatingCostsAndExpenses`	$2.20M	USD	1 Quarter
Total Expense	`OperatingCostsAndExpenses`	$1.93M	USD	1 Quarter
Net loss before income tax benefit	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-2.08M	USD	1 Quarter
Net loss before income tax benefit	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-1.87M	USD	1 Quarter
Income tax benefit (Note 10)	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax benefit (Note 10)	`IncomeTaxExpenseBenefit`	$-597.36K	USD	1 Quarter
Net loss and comprehensive loss for the period	`NetIncomeLoss`	$-1.87M	USD	1 Quarter
Net loss and comprehensive loss for the period	`NetIncomeLoss`	$-1.48M	USD	1 Quarter
Net loss per share, basic and diluted	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.02	USD	1 Quarter
Net loss per share, basic and diluted	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.01	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

Cash Flow Statement 32 line items

Line Item	Tag	Value	Unit	Period
Net loss for the period	`ProfitLoss`	$-1.87M	USD	1 Quarter
Net loss for the period	`ProfitLoss`	$-1.48M	USD	1 Quarter
Stock option compensation	`StockOptionPlanExpense`	$47.01K	USD	1 Quarter
Stock option compensation	`StockOptionPlanExpense`	-	USD	1 Quarter
Depreciation	`Depreciation`	$33.03K	USD	1 Quarter
Depreciation	`Depreciation`	$26.60K	USD	1 Quarter
Loss (gain) on marketable equity securities	`MarketableSecuritiesGainLoss`	$-41.00K	USD	1 Quarter
Loss (gain) on marketable equity securities	`MarketableSecuritiesGainLoss`	$44.73K	USD	1 Quarter
Income tax recovery	`DeferredIncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income tax recovery	`DeferredIncomeTaxExpenseBenefit`	$-597.36K	USD	1 Quarter
Decrease in income tax receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	$3.20M	USD	1 Quarter
Decrease in income tax receivable	`IncreaseDecreaseInIncomeTaxesReceivable`	-	USD	1 Quarter
Net decrease in prepaid expense and other	`IncreaseDecreaseInDepositOtherAssets`	$272.80K	USD	1 Quarter
Net decrease in prepaid expense and other	`IncreaseDecreaseInDepositOtherAssets`	$410.99K	USD	1 Quarter
Net increase in payables and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$280.97K	USD	1 Quarter
Net increase in payables and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$57.93K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.51M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$1.90M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$1.90M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-1.51M	USD	1 Quarter
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$57.42M	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`	$61.82M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$55.90M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$57.42M	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`	$61.82M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$55.90M	USD	Point-in-time

Stockholders Equity 8 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquity`	$68.42M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$66.60M	USD	Point-in-time
Net loss for the period	`NetIncomeLoss`	$-1.87M	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-1.48M	USD	1 Quarter
Stock option compensation (Note 9)	`StockOptionPlanExpense`	$47.01K	USD	1 Quarter
Stock option compensation (Note 9)	`StockOptionPlanExpense`	-	USD	1 Quarter
Ending balance, value	`StockholdersEquity`	$68.42M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$66.60M	USD	Point-in-time

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