6-K Filing

GOLD RESERVE LTD CIK: 1072725 Q1 2022

Filing Information

Form Type	6-K
Accession Number	`0001072725-22-000021`
Period End Date	20220331
Filing Date	20220519
Fiscal Year	2022
Fiscal Period	Q1
XBRL Instance	gdrzfform6kex991051922_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 43 Income Statement 28 Cash Flow Statement 28 Stockholders Equity 8

Balance Sheet 43 line items

Line Item	Tag	Value	Unit	Period
Common Stock, Shares, Issued	`CommonStockSharesIssued`	99.55M	shares	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	99.55M	shares	Point-in-time
Cash and cash equivalents (Note 3)	`CashAndCashEquivalentsAtCarryingValue`	$49.12M	USD	Point-in-time
Cash and cash equivalents (Note 3)	`CashAndCashEquivalentsAtCarryingValue`	$55.90M	USD	Point-in-time
Cash and cash equivalents (Note 3)	`CashAndCashEquivalentsAtCarryingValue`	$57.42M	USD	Point-in-time
Cash and cash equivalents (Note 3)	`CashAndCashEquivalentsAtCarryingValue`	$48.02M	USD	Point-in-time
Marketable securities (Note 4)	`MarketableSecurities`	$105.22K	USD	Point-in-time
Marketable securities (Note 4)	`MarketableSecurities`	$126.02K	USD	Point-in-time
Income tax receivable (Note 9)	`IncomeTaxReceivable`	$8.68M	USD	Point-in-time
Income tax receivable (Note 9)	`IncomeTaxReceivable`	$8.68M	USD	Point-in-time
Prepaid expense and other	`OtherAssetsCurrent`	$506.66K	USD	Point-in-time
Prepaid expense and other	`OtherAssetsCurrent`	$214.67K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$57.05M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$58.41M	USD	Point-in-time
Property, plant and equipment, net (Note 5)	`PropertyPlantAndEquipmentNet`	$2.13M	USD	Point-in-time
Property, plant and equipment, net (Note 5)	`PropertyPlantAndEquipmentNet`	$2.15M	USD	Point-in-time
Right of use asset	`OperatingLeaseRightOfUseAsset`	$74.42K	USD	Point-in-time
Right of use asset	`OperatingLeaseRightOfUseAsset`	$50.84K	USD	Point-in-time
Total assets	`Assets`	$59.22M	USD	Point-in-time
Total assets	`Assets`	$60.64M	USD	Point-in-time
Accounts payable and accrued expenses (Note 2)	`AccountsPayableAndAccruedLiabilitiesCurrent`	$622.52K	USD	Point-in-time
Accounts payable and accrued expenses (Note 2)	`AccountsPayableAndAccruedLiabilitiesCurrent`	$473.23K	USD	Point-in-time
Lease liability	`OperatingLeaseLiability`	$77.09K	USD	Point-in-time
Lease liability	`OperatingLeaseLiability`	$52.62K	USD	Point-in-time
Contingent value rights (Note 2)	`AccruedContingentValueRights`	$60.24K	USD	Point-in-time
Contingent value rights (Note 2)	`AccruedContingentValueRights`	$60.24K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$735.38K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$610.56K	USD	Point-in-time
Total liabilities	`Liabilities`	$735.38K	USD	Point-in-time
Total liabilities	`Liabilities`	$610.56K	USD	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Common shares	`CommonStockValue`	$302.68M	USD	Point-in-time
Common shares	`CommonStockValue`	$302.68M	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 8)	`AccumulatedStockOptionExpense`	$23.40M	USD	Point-in-time
Stock options (Note 8)	`AccumulatedStockOptionExpense`	$23.41M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-286.68M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-288.22M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$60.03M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$58.49M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$60.64M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$59.22M	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Interest income	`InvestmentIncomeInterest`	$12.10K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$10.10K	USD	1 Quarter
Gain on marketable equity securities	`GainLossOnInvestments`	$41.00K	USD	1 Quarter
Gain on marketable equity securities	`GainLossOnInvestments`	$20.80K	USD	1 Quarter
Foreign currency gain	`ForeignCurrencyGainLoss`	$10.48K	USD	1 Quarter
Foreign currency gain	`ForeignCurrencyGainLoss`	$8.30K	USD	1 Quarter
Total Other Income	`NonoperatingIncomeExpense`	$43.38K	USD	1 Quarter
Total Other Income	`NonoperatingIncomeExpense`	$59.41K	USD	1 Quarter
Corporate general and administrative (Note 2)	`GeneralAndAdministrativeExpense`	$902.06K	USD	1 Quarter
Corporate general and administrative (Note 2)	`GeneralAndAdministrativeExpense`	$1.12M	USD	1 Quarter
Siembra Minera Project and related costs (Note 6)	`SiembraMineraProjectCosts`	$278.47K	USD	1 Quarter
Siembra Minera Project and related costs (Note 6)	`SiembraMineraProjectCosts`	$223.24K	USD	1 Quarter
Exploration costs	`ExplorationExpense`	$8.19K	USD	1 Quarter
Exploration costs	`ExplorationExpense`	$23.52K	USD	1 Quarter
Legal and accounting	`LegalAndAccounting`	$321.45K	USD	1 Quarter
Legal and accounting	`LegalAndAccounting`	$398.61K	USD	1 Quarter
Arbitration and settlement (Note 2)	`ArbitrationAndSettlement`	$80.30K	USD	1 Quarter
Arbitration and settlement (Note 2)	`ArbitrationAndSettlement`	$18.18K	USD	1 Quarter
Equipment holding costs	`EquipmentHoldingCosts`	$114.14K	USD	1 Quarter
Equipment holding costs	`EquipmentHoldingCosts`	$38.50K	USD	1 Quarter
Total Expense	`OperatingCostsAndExpenses`	$1.59M	USD	1 Quarter
Total Expense	`OperatingCostsAndExpenses`	$1.93M	USD	1 Quarter
Net loss and comprehensive loss for the period	`NetIncomeLoss`	$-1.55M	USD	1 Quarter
Net loss and comprehensive loss for the period	`NetIncomeLoss`	$-1.87M	USD	1 Quarter
Net loss per share, basic and diluted	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.02	USD	1 Quarter
Net loss per share, basic and diluted	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.02	USD	1 Quarter
Weighted average common shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	99.55M	shares	1 Quarter
Weighted average common shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	99.40M	shares	1 Quarter

Cash Flow Statement 28 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`	$-1.55M	USD	1 Quarter
Stock option compensation	`StockOptionPlanExpense`	$47.01K	USD	1 Quarter
Stock option compensation	`StockOptionPlanExpense`	$3.93K	USD	1 Quarter
Depreciation	`Depreciation`	$26.60K	USD	1 Quarter
Depreciation	`Depreciation`	$26.72K	USD	1 Quarter
Gain on marketable equity securities	`MarketableSecuritiesGainLoss`	$-41.00K	USD	1 Quarter
Gain on marketable equity securities	`MarketableSecuritiesGainLoss`	$-20.80K	USD	1 Quarter
Net decrease in prepaid expense and other	`IncreaseDecreaseInDepositOtherAssets`	$272.80K	USD	1 Quarter
Net decrease in prepaid expense and other	`IncreaseDecreaseInDepositOtherAssets`	$291.99K	USD	1 Quarter
Net increase in payables and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$148.40K	USD	1 Quarter
Net increase in payables and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$57.93K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.10M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.51M	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 decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.51M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.10M	USD	1 Quarter
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$49.12M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$55.90M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$57.42M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$48.02M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$49.12M	USD	Point-in-time
Cash and cash equivalents - end 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`	$48.02M	USD	Point-in-time

Stockholders Equity 8 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquity`	$60.03M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$58.49M	USD	Point-in-time
Net loss for the period	`NetIncomeLoss`	$-1.55M	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-1.87M	USD	1 Quarter
Stock option compensation (Note 8)	`StockOptionPlanExpense`	$47.01K	USD	1 Quarter
Stock option compensation (Note 8)	`StockOptionPlanExpense`	$3.93K	USD	1 Quarter
Ending balance, value	`StockholdersEquity`	$60.03M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$58.49M	USD	Point-in-time

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