6-K Filing

GOLD RESERVE LTD CIK: 1072725 Q2 2022

Filing Information

Form Type	6-K
Accession Number	`0001072725-22-000028`
Period End Date	20220630
Filing Date	20220805
Fiscal Year	2022
Fiscal Period	Q2
XBRL Instance	gdrzfform6kex991080522_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 47 Income Statement 60 Cash Flow Statement 64 Stockholders Equity 14

Balance Sheet 47 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`	$46.00M	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`	$49.12M	USD	Point-in-time
Cash and cash equivalents (Note 3)	`CashAndCashEquivalentsAtCarryingValue`	$48.02M	USD	Point-in-time
Cash and cash equivalents (Note 3)	`CashAndCashEquivalentsAtCarryingValue`	$53.33M	USD	Point-in-time
Marketable securities (Note 4)	`MarketableSecurities`	$105.22K	USD	Point-in-time
Marketable securities (Note 4)	`MarketableSecurities`	$160.04K	USD	Point-in-time
Income tax receivable (Note 9)	`IncomeTaxReceivable`	$8.09M	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`	$1.11M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$55.36M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$58.41M	USD	Point-in-time
Property, plant and equipment, net (Note 5)	`PropertyPlantAndEquipmentNet`	$2.10M	USD	Point-in-time
Property, plant and equipment, net (Note 5)	`PropertyPlantAndEquipmentNet`	$2.15M	USD	Point-in-time
Right of use asset	`OperatingLeaseRightOfUseAsset`	$26.93K	USD	Point-in-time
Right of use asset	`OperatingLeaseRightOfUseAsset`	$74.42K	USD	Point-in-time
Total assets	`Assets`	$60.64M	USD	Point-in-time
Total assets	`Assets`	$57.49M	USD	Point-in-time
Accounts payable and accrued expenses (Notes 2 and 8)	`AccountsPayableAndAccruedLiabilitiesCurrent`	$473.23K	USD	Point-in-time
Accounts payable and accrued expenses (Notes 2 and 8)	`AccountsPayableAndAccruedLiabilitiesCurrent`	$601.84K	USD	Point-in-time
Severance accrual	`Severanceaccrual`	$547.43K	USD	Point-in-time
Severance accrual	`Severanceaccrual`	-	USD	Point-in-time
Lease liability	`OperatingLeaseLiability`	$77.09K	USD	Point-in-time
Lease liability	`OperatingLeaseLiability`	$27.82K	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`	$1.24M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$610.56K	USD	Point-in-time
Total liabilities	`Liabilities`	$1.24M	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`	$23.41M	USD	Point-in-time
Stock options (Note 8)	`AccumulatedStockOptionExpense`	$23.40M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-290.47M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-286.68M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$60.03M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$56.25M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$57.49M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$60.64M	USD	Point-in-time

Income Statement 60 line items

Line Item	Tag	Value	Unit	Period
Interest income	`InvestmentIncomeInterest`	$6.65K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$75.18K	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$63.08K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$16.75K	USD	2 Qtrs
Gain on marketable equity securities	`GainLossOnInvestments`	$34.02K	USD	1 Quarter
Gain on marketable equity securities	`GainLossOnInvestments`	$54.82K	USD	2 Qtrs
Gain on marketable equity securities	`GainLossOnInvestments`	$2.40K	USD	1 Quarter
Gain on marketable equity securities	`GainLossOnInvestments`	$43.41K	USD	2 Qtrs
Gain on sale of equipment (Note 5)	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	2 Qtrs
Gain on sale of equipment (Note 5)	`GainLossOnSaleOfPropertyPlantEquipment`	$78.28K	USD	2 Qtrs
Gain on sale of equipment (Note 5)	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	1 Quarter
Gain on sale of equipment (Note 5)	`GainLossOnSaleOfPropertyPlantEquipment`	$78.28K	USD	1 Quarter
Foreign currency gain (loss)	`ForeignCurrencyGainLoss`	$16.39K	USD	2 Qtrs
Foreign currency gain (loss)	`ForeignCurrencyGainLoss`	$8.09K	USD	1 Quarter
Foreign currency gain (loss)	`ForeignCurrencyGainLoss`	$-45.87K	USD	2 Qtrs
Foreign currency gain (loss)	`ForeignCurrencyGainLoss`	$-56.35K	USD	1 Quarter
Total Income	`OtherIncome`	$95.42K	USD	1 Quarter
Total Income	`OtherIncome`	$84.13K	USD	2 Qtrs
Total Income	`OtherIncome`	$40.75K	USD	1 Quarter
Total Income	`OtherIncome`	$154.82K	USD	2 Qtrs
Corporate general and administrative (Notes 2 and 8)	`GeneralAndAdministrativeExpense`	$1.16M	USD	1 Quarter
Corporate general and administrative (Notes 2 and 8)	`GeneralAndAdministrativeExpense`	$2.66M	USD	2 Qtrs
Corporate general and administrative (Notes 2 and 8)	`GeneralAndAdministrativeExpense`	$1.76M	USD	1 Quarter
Corporate general and administrative (Notes 2 and 8)	`GeneralAndAdministrativeExpense`	$2.27M	USD	2 Qtrs
Siembra Minera Project and related costs (Note 6)	`SiembraMineraProjectCosts`	$313.94K	USD	1 Quarter
Siembra Minera Project and related costs (Note 6)	`SiembraMineraProjectCosts`	$223.24K	USD	2 Qtrs
Siembra Minera Project and related costs (Note 6)	`SiembraMineraProjectCosts`	$592.40K	USD	2 Qtrs
Siembra Minera Project and related costs (Note 6)	`SiembraMineraProjectCosts`	-	USD	1 Quarter
Exploration costs	`ExplorationExpense`	$39.47K	USD	2 Qtrs
Exploration costs	`ExplorationExpense`	$16.39K	USD	2 Qtrs
Exploration costs	`ExplorationExpense`	$8.20K	USD	1 Quarter
Exploration costs	`ExplorationExpense`	$15.95K	USD	1 Quarter
Legal and accounting	`LegalAndAccounting`	$553.05K	USD	2 Qtrs
Legal and accounting	`LegalAndAccounting`	$231.59K	USD	1 Quarter
Legal and accounting	`LegalAndAccounting`	$449.87K	USD	1 Quarter
Legal and accounting	`LegalAndAccounting`	$848.48K	USD	2 Qtrs
Arbitration and settlement (Note 2)	`ArbitrationAndSettlement`	$50.41K	USD	2 Qtrs
Arbitration and settlement (Note 2)	`ArbitrationAndSettlement`	$32.24K	USD	1 Quarter
Arbitration and settlement (Note 2)	`ArbitrationAndSettlement`	$33.60K	USD	1 Quarter
Arbitration and settlement (Note 2)	`ArbitrationAndSettlement`	$113.91K	USD	2 Qtrs
Equipment holding costs	`EquipmentHoldingCosts`	$75.50K	USD	2 Qtrs
Equipment holding costs	`EquipmentHoldingCosts`	$202.38K	USD	2 Qtrs
Equipment holding costs	`EquipmentHoldingCosts`	$88.24K	USD	1 Quarter
Equipment holding costs	`EquipmentHoldingCosts`	$37.01K	USD	1 Quarter
Total Expense	`OperatingCostsAndExpenses`	$3.87M	USD	2 Qtrs
Total Expense	`OperatingCostsAndExpenses`	$3.77M	USD	2 Qtrs
Total Expense	`OperatingCostsAndExpenses`	$1.84M	USD	1 Quarter
Total Expense	`OperatingCostsAndExpenses`	$2.28M	USD	1 Quarter
Net loss and comprehensive loss for the period	`NetIncomeLoss`	$-1.75M	USD	1 Quarter
Net loss and comprehensive loss for the period	`NetIncomeLoss`	$-3.62M	USD	2 Qtrs
Net loss and comprehensive loss for the period	`NetIncomeLoss`	$-3.79M	USD	2 Qtrs
Net loss and comprehensive loss for the period	`NetIncomeLoss`	$-2.24M	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
Net loss per share, basic and diluted	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.02	USD	1 Quarter
Net loss per share, basic and diluted	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.04	USD	2 Qtrs
Weighted average common shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	99.55M	shares	2 Qtrs
Weighted average common shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	99.41M	shares	2 Qtrs
Weighted average common shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	99.55M	shares	1 Quarter
Weighted average common shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	99.43M	shares	1 Quarter

Cash Flow Statement 64 line items

Line Item	Tag	Value	Unit	Period
Net loss for the period	`ProfitLoss`	$-2.24M	USD	1 Quarter
Net loss for the period	`ProfitLoss`	$-1.75M	USD	1 Quarter
Net loss for the period	`ProfitLoss`	$-3.79M	USD	2 Qtrs
Net loss for the period	`ProfitLoss`	$-3.62M	USD	2 Qtrs
Stock option compensation	`StockOptionPlanExpense`	$7.90K	USD	2 Qtrs
Stock option compensation	`StockOptionPlanExpense`	$11.92K	USD	1 Quarter
Stock option compensation	`StockOptionPlanExpense`	$58.93K	USD	2 Qtrs
Stock option compensation	`StockOptionPlanExpense`	$3.97K	USD	1 Quarter
Depreciation	`Depreciation`	$53.29K	USD	2 Qtrs
Depreciation	`Depreciation`	$26.60K	USD	1 Quarter
Depreciation	`Depreciation`	$53.20K	USD	2 Qtrs
Depreciation	`Depreciation`	$26.57K	USD	1 Quarter
Gain on marketable equity securities	`MarketableSecuritiesGainLoss`	$-43.41K	USD	2 Qtrs
Gain on marketable equity securities	`MarketableSecuritiesGainLoss`	$-54.82K	USD	2 Qtrs
Gain on marketable equity securities	`MarketableSecuritiesGainLoss`	$-34.02K	USD	1 Quarter
Gain on marketable equity securities	`MarketableSecuritiesGainLoss`	$-2.40K	USD	1 Quarter
Gain on sale of equipment	`GainLossOnDispositionOfAssets`	$-78.28K	USD	1 Quarter
Gain on sale of equipment	`GainLossOnDispositionOfAssets`	$-78.28K	USD	2 Qtrs
Gain on sale of equipment	`GainLossOnDispositionOfAssets`	-	USD	1 Quarter
Gain on sale of equipment	`GainLossOnDispositionOfAssets`	-	USD	2 Qtrs
Decrease in income tax receivable	`DecreaseInIncomeTaxReceivable`	$591.74K	USD	2 Qtrs
Decrease in income tax receivable	`DecreaseInIncomeTaxReceivable`	-	USD	2 Qtrs
Decrease in income tax receivable	`DecreaseInIncomeTaxReceivable`	$591.74K	USD	1 Quarter
Decrease in income tax receivable	`DecreaseInIncomeTaxReceivable`	-	USD	1 Quarter
Net increase in prepaid expense and other	`IncreaseDecreaseInDepositOtherAssets`	$-600.74K	USD	2 Qtrs
Net increase in prepaid expense and other	`IncreaseDecreaseInDepositOtherAssets`	$-845.70K	USD	1 Quarter
Net increase in prepaid expense and other	`IncreaseDecreaseInDepositOtherAssets`	$-572.90K	USD	2 Qtrs
Net increase in prepaid expense and other	`IncreaseDecreaseInDepositOtherAssets`	$-892.73K	USD	1 Quarter
Net increase (decrease) in payables and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$525.85K	USD	1 Quarter
Net increase (decrease) in payables and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-48.51K	USD	2 Qtrs
Net increase (decrease) in payables and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-106.43K	USD	1 Quarter
Net increase (decrease) in payables and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$674.26K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-4.25M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-3.12M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.74M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.02M	USD	1 Quarter
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	1 Quarter
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$167.46K	USD	1 Quarter
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	2 Qtrs
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$167.46K	USD	2 Qtrs
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	2 Qtrs
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$167.46K	USD	1 Quarter
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$167.46K	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	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	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-2.57M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-2.02M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-4.08M	USD	2 Qtrs
Net decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-3.12M	USD	2 Qtrs
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$46.00M	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`	$49.12M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$48.02M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$53.33M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$46.00M	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`	$49.12M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$48.02M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$53.33M	USD	Point-in-time

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquity`	$60.03M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$56.25M	USD	Point-in-time
Net loss for the period	`NetIncomeLoss`	$-1.75M	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-3.62M	USD	2 Qtrs
Net loss for the period	`NetIncomeLoss`	$-3.79M	USD	2 Qtrs
Net loss for the period	`NetIncomeLoss`	$-2.24M	USD	1 Quarter
Stock option compensation (Note 8)	`StockOptionPlanExpense`	$7.90K	USD	2 Qtrs
Stock option compensation (Note 8)	`StockOptionPlanExpense`	$11.92K	USD	1 Quarter
Stock option compensation (Note 8)	`StockOptionPlanExpense`	$58.93K	USD	2 Qtrs
Stock option compensation (Note 8)	`StockOptionPlanExpense`	$3.97K	USD	1 Quarter
Stock Issued During Period, Shares, New Issues	`StockIssuedDuringPeriodSharesNewIssues`	152,662.00	shares	2 Qtrs
Stock Issued During Period, Shares, New Issues	`StockIssuedDuringPeriodSharesNewIssues`	152,662.00	shares	1 Quarter
Ending balance, value	`StockholdersEquity`	$60.03M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$56.25M	USD	Point-in-time

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