6-K Filing

GOLD RESERVE LTD CIK: 1072725 Q3 2022

Filing Information

Form Type	6-K
Accession Number	`0001072725-22-000043`
Period End Date	20220930
Filing Date	20221102
Fiscal Year	2022
Fiscal Period	Q3
XBRL Instance	gdrzfform6kex991110222_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 47 Income Statement 60 Cash Flow Statement 64 Stockholders Equity 13

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`	$44.89M	USD	Point-in-time
Cash and cash equivalents (Note 3)	`CashAndCashEquivalentsAtCarryingValue`	$51.86M	USD	Point-in-time
Cash and cash equivalents (Note 3)	`CashAndCashEquivalentsAtCarryingValue`	$46.00M	USD	Point-in-time
Cash and cash equivalents (Note 3)	`CashAndCashEquivalentsAtCarryingValue`	$49.12M	USD	Point-in-time
Cash and cash equivalents (Note 3)	`CashAndCashEquivalentsAtCarryingValue`	$53.33M	USD	Point-in-time
Cash and cash equivalents (Note 3)	`CashAndCashEquivalentsAtCarryingValue`	$57.42M	USD	Point-in-time
Marketable securities (Note 4)	`MarketableSecurities`	$105.22K	USD	Point-in-time
Marketable securities (Note 4)	`MarketableSecurities`	$113.43K	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`	$739.17K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$53.84M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$58.41M	USD	Point-in-time
Property, plant and equipment, net (Note 5)	`PropertyPlantAndEquipmentNet`	$2.07M	USD	Point-in-time
Property, plant and equipment, net (Note 5)	`PropertyPlantAndEquipmentNet`	$2.15M	USD	Point-in-time
Right of use asset	`OperatingLeaseRightOfUseAsset`	-	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`	$55.91M	USD	Point-in-time
Accounts payable and accrued expenses (Note 2)	`AccountsPayableAndAccruedLiabilitiesCurrent`	$756.62K	USD	Point-in-time
Accounts payable and accrued expenses (Note 2)	`AccountsPayableAndAccruedLiabilitiesCurrent`	$473.23K	USD	Point-in-time
Severance accrual (Note 8)	`Severanceaccrual`	-	USD	Point-in-time
Severance accrual (Note 8)	`Severanceaccrual`	$547.43K	USD	Point-in-time
Lease liability	`OperatingLeaseLiability`	-	USD	Point-in-time
Lease liability	`OperatingLeaseLiability`	$77.09K	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`	$1.36M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$610.56K	USD	Point-in-time
Total liabilities	`Liabilities`	$1.36M	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`	$-292.17M	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`	$54.55M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$55.91M	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`	$176.78K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$23.71K	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$6.96K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$251.96K	USD	3 Qtrs
Gain (loss) on marketable equity securities (Note 4)	`GainLossOnInvestments`	$-46.61K	USD	1 Quarter
Gain (loss) on marketable equity securities (Note 4)	`GainLossOnInvestments`	$8.21K	USD	3 Qtrs
Gain (loss) on marketable equity securities (Note 4)	`GainLossOnInvestments`	$-3.79K	USD	1 Quarter
Gain (loss) on marketable equity securities (Note 4)	`GainLossOnInvestments`	$39.61K	USD	3 Qtrs
Gain on sale of equipment (Note 5)	`GainLossOnSaleOfPropertyPlantEquipment`	$118.56K	USD	3 Qtrs
Gain on sale of equipment (Note 5)	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	1 Quarter
Gain on sale of equipment (Note 5)	`GainLossOnSaleOfPropertyPlantEquipment`	$40.28K	USD	1 Quarter
Gain on sale of equipment (Note 5)	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	3 Qtrs
Foreign currency loss	`ForeignCurrencyGainLoss`	$-14.50K	USD	3 Qtrs
Foreign currency loss	`ForeignCurrencyGainLoss`	$-70.14K	USD	1 Quarter
Foreign currency loss	`ForeignCurrencyGainLoss`	$-116.01K	USD	3 Qtrs
Foreign currency loss	`ForeignCurrencyGainLoss`	$-30.88K	USD	1 Quarter
Total Income	`OtherIncome`	$167.39K	USD	3 Qtrs
Total Income	`OtherIncome`	$12.56K	USD	1 Quarter
Total Income	`OtherIncome`	$60.04K	USD	1 Quarter
Total Income	`OtherIncome`	$144.17K	USD	3 Qtrs
Corporate general and administrative (Notes 2 and 8)	`GeneralAndAdministrativeExpense`	$3.37M	USD	3 Qtrs
Corporate general and administrative (Notes 2 and 8)	`GeneralAndAdministrativeExpense`	$1.10M	USD	1 Quarter
Corporate general and administrative (Notes 2 and 8)	`GeneralAndAdministrativeExpense`	$1.06M	USD	1 Quarter
Corporate general and administrative (Notes 2 and 8)	`GeneralAndAdministrativeExpense`	$3.72M	USD	3 Qtrs
Siembra Minera Project and related costs (Note 6)	`SiembraMineraProjectCosts`	$223.24K	USD	3 Qtrs
Siembra Minera Project and related costs (Note 6)	`SiembraMineraProjectCosts`	-	USD	1 Quarter
Siembra Minera Project and related costs (Note 6)	`SiembraMineraProjectCosts`	$962.75K	USD	3 Qtrs
Siembra Minera Project and related costs (Note 6)	`SiembraMineraProjectCosts`	$370.35K	USD	1 Quarter
Exploration costs	`ExplorationExpense`	$6.91K	USD	1 Quarter
Exploration costs	`ExplorationExpense`	$60.91K	USD	1 Quarter
Exploration costs	`ExplorationExpense`	$23.30K	USD	3 Qtrs
Exploration costs	`ExplorationExpense`	$100.38K	USD	3 Qtrs
Legal and accounting	`LegalAndAccounting`	$1.38M	USD	3 Qtrs
Legal and accounting	`LegalAndAccounting`	$535.33K	USD	1 Quarter
Legal and accounting	`LegalAndAccounting`	$986.86K	USD	3 Qtrs
Legal and accounting	`LegalAndAccounting`	$433.81K	USD	1 Quarter
Arbitration and settlement (Note 2)	`ArbitrationAndSettlement`	$16.82K	USD	1 Quarter
Arbitration and settlement (Note 2)	`ArbitrationAndSettlement`	$90.46K	USD	1 Quarter
Arbitration and settlement (Note 2)	`ArbitrationAndSettlement`	$140.88K	USD	3 Qtrs
Arbitration and settlement (Note 2)	`ArbitrationAndSettlement`	$130.72K	USD	3 Qtrs
Equipment holding costs	`EquipmentHoldingCosts`	$70.20K	USD	1 Quarter
Equipment holding costs	`EquipmentHoldingCosts`	$145.70K	USD	3 Qtrs
Equipment holding costs	`EquipmentHoldingCosts`	$75.06K	USD	1 Quarter
Equipment holding costs	`EquipmentHoldingCosts`	$277.44K	USD	3 Qtrs
Total Expense	`OperatingCostsAndExpenses`	$5.83M	USD	3 Qtrs
Total Expense	`OperatingCostsAndExpenses`	$1.76M	USD	1 Quarter
Total Expense	`OperatingCostsAndExpenses`	$2.06M	USD	1 Quarter
Total Expense	`OperatingCostsAndExpenses`	$5.64M	USD	3 Qtrs
Net loss and comprehensive loss for the period	`NetIncomeLoss`	$-1.70M	USD	1 Quarter
Net loss and comprehensive loss for the period	`NetIncomeLoss`	$-5.49M	USD	3 Qtrs
Net loss and comprehensive loss for the period	`NetIncomeLoss`	$-5.66M	USD	3 Qtrs
Net loss and comprehensive loss for the period	`NetIncomeLoss`	$-2.04M	USD	1 Quarter
Net loss per share, basic and diluted	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.02	USD	1 Quarter
Net loss per share, basic and diluted	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.06	USD	3 Qtrs
Net loss per share, basic and diluted	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.02	USD	1 Quarter
Net loss per share, basic and diluted	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.06	USD	3 Qtrs
Weighted average common shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	99.55M	shares	1 Quarter
Weighted average common shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	99.46M	shares	3 Qtrs
Weighted average common shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	99.55M	shares	3 Qtrs
Weighted average common shares outstanding, basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	99.55M	shares	1 Quarter

Cash Flow Statement 64 line items

Line Item	Tag	Value	Unit	Period
Net loss for the period	`ProfitLoss`	$-5.66M	USD	3 Qtrs
Net loss for the period	`ProfitLoss`	$-5.49M	USD	3 Qtrs
Net loss for the period	`ProfitLoss`	$-1.70M	USD	1 Quarter
Net loss for the period	`ProfitLoss`	$-2.04M	USD	1 Quarter
Stock option compensation	`StockOptionPlanExpense`	$11.62K	USD	1 Quarter
Stock option compensation	`StockOptionPlanExpense`	$11.70K	USD	3 Qtrs
Stock option compensation	`StockOptionPlanExpense`	$70.54K	USD	3 Qtrs
Stock option compensation	`StockOptionPlanExpense`	$3.80K	USD	1 Quarter
Depreciation	`Depreciation`	$79.79K	USD	3 Qtrs
Depreciation	`Depreciation`	$25.68K	USD	1 Quarter
Depreciation	`Depreciation`	$26.60K	USD	1 Quarter
Depreciation	`Depreciation`	$78.97K	USD	3 Qtrs
Loss (gain) on marketable equity securities	`MarketableSecuritiesGainLoss`	$-8.21K	USD	3 Qtrs
Loss (gain) on marketable equity securities	`MarketableSecuritiesGainLoss`	$-39.61K	USD	3 Qtrs
Loss (gain) on marketable equity securities	`MarketableSecuritiesGainLoss`	$46.61K	USD	1 Quarter
Loss (gain) on marketable equity securities	`MarketableSecuritiesGainLoss`	$3.79K	USD	1 Quarter
Gain on sale of equipment	`GainLossOnDispositionOfAssets`	-	USD	1 Quarter
Gain on sale of equipment	`GainLossOnDispositionOfAssets`	$-118.56K	USD	3 Qtrs
Gain on sale of equipment	`GainLossOnDispositionOfAssets`	-	USD	3 Qtrs
Gain on sale of equipment	`GainLossOnDispositionOfAssets`	$-40.28K	USD	1 Quarter
Decrease in income tax receivable	`DecreaseInIncomeTaxReceivable`	-	USD	1 Quarter
Decrease in income tax receivable	`DecreaseInIncomeTaxReceivable`	-	USD	1 Quarter
Decrease in income tax receivable	`DecreaseInIncomeTaxReceivable`	$591.74K	USD	3 Qtrs
Decrease in income tax receivable	`DecreaseInIncomeTaxReceivable`	-	USD	3 Qtrs
Net (increase) decrease in prepaid expense and other	`IncreaseDecreaseInDepositOtherAssets`	$-400.56K	USD	3 Qtrs
Net (increase) decrease in prepaid expense and other	`IncreaseDecreaseInDepositOtherAssets`	$172.34K	USD	1 Quarter
Net (increase) decrease in prepaid expense and other	`IncreaseDecreaseInDepositOtherAssets`	$368.23K	USD	1 Quarter
Net (increase) decrease in prepaid expense and other	`IncreaseDecreaseInDepositOtherAssets`	$-232.51K	USD	3 Qtrs
Net increase in payables, accrued expenses and severance	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$828.15K	USD	3 Qtrs
Net increase in payables, accrued expenses and severance	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$180.83K	USD	3 Qtrs
Net increase in payables, accrued expenses and severance	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$229.33K	USD	1 Quarter
Net increase in payables, accrued expenses and severance	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$153.89K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-5.89M	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.64M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-4.22M	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.11M	USD	1 Quarter
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	3 Qtrs
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$340.42K	USD	3 Qtrs
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	1 Quarter
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$172.96K	USD	1 Quarter
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$340.42K	USD	3 Qtrs
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$172.96K	USD	1 Quarter
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	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`	-	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	3 Qtrs
Net decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-4.22M	USD	3 Qtrs
Net decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-1.47M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-1.11M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-5.55M	USD	3 Qtrs
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$44.89M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$51.86M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$46.00M	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`	$53.33M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$57.42M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$44.89M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$51.86M	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`	$49.12M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$53.33M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$57.42M	USD	Point-in-time

Stockholders Equity 13 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquity`	$60.03M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$54.55M	USD	Point-in-time
Net loss for the period	`NetIncomeLoss`	$-1.70M	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-5.49M	USD	3 Qtrs
Net loss for the period	`NetIncomeLoss`	$-5.66M	USD	3 Qtrs
Net loss for the period	`NetIncomeLoss`	$-2.04M	USD	1 Quarter
Stock option compensation (Note 8)	`StockOptionPlanExpense`	$11.62K	USD	1 Quarter
Stock option compensation (Note 8)	`StockOptionPlanExpense`	$11.70K	USD	3 Qtrs
Stock option compensation (Note 8)	`StockOptionPlanExpense`	$70.54K	USD	3 Qtrs
Stock option compensation (Note 8)	`StockOptionPlanExpense`	$3.80K	USD	1 Quarter
Stock Issued During Period, Shares, New Issues	`StockIssuedDuringPeriodSharesNewIssues`	152,662.00	shares	3 Qtrs
Ending balance, value	`StockholdersEquity`	$60.03M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$54.55M	USD	Point-in-time

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