6-K Filing

GOLD RESERVE LTD CIK: 1072725 Q2 2023

Filing Information

Form Type	6-K
Accession Number	`0001072725-23-000027`
Period End Date	20230630
Filing Date	20230817
Fiscal Year	2023
Fiscal Period	Q2
XBRL Instance	gdrzfform6kex991081723_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 43 Income Statement 52 Cash Flow Statement 76 Stockholders Equity 12

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`	$1.32M	USD	Point-in-time
Cash and cash equivalents (Note 3)	`CashAndCashEquivalentsAtCarryingValue`	$15.38M	USD	Point-in-time
Term deposits (Note 4)	`TimeDepositsAtCarryingValue`	$38.33M	USD	Point-in-time
Term deposits (Note 4)	`TimeDepositsAtCarryingValue`	$27.50M	USD	Point-in-time
Marketable equity securities (Note 5)	`MarketableSecurities`	$98.05K	USD	Point-in-time
Marketable equity securities (Note 5)	`MarketableSecurities`	$437.14K	USD	Point-in-time
Assets held for sale (Note 6)	`AssetsHeldForSale`	-	USD	Point-in-time
Assets held for sale (Note 6)	`AssetsHeldForSale`	$775.00K	USD	Point-in-time
Income tax receivable (Note 10)	`IncomeTaxReceivable`	$8.09M	USD	Point-in-time
Income tax receivable (Note 10)	`IncomeTaxReceivable`	$8.09M	USD	Point-in-time
Prepaid expense and other	`OtherAssetsCurrent`	$458.94K	USD	Point-in-time
Prepaid expense and other	`OtherAssetsCurrent`	$784.14K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$49.74M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$51.53M	USD	Point-in-time
Property, plant and equipment, net (Note 6)	`PropertyPlantAndEquipmentNet`	$1.42M	USD	Point-in-time
Property, plant and equipment, net (Note 6)	`PropertyPlantAndEquipmentNet`	$415.56K	USD	Point-in-time
Total assets	`Assets`	$52.94M	USD	Point-in-time
Total assets	`Assets`	$50.15M	USD	Point-in-time
Accounts payable and accrued expenses (Note 2)	`AccountsPayableAndAccruedLiabilitiesCurrent`	$647.28K	USD	Point-in-time
Accounts payable and accrued expenses (Note 2)	`AccountsPayableAndAccruedLiabilitiesCurrent`	$999.22K	USD	Point-in-time
Severance accrual (Note 9)	`Severanceaccrual`	-	USD	Point-in-time
Severance accrual (Note 9)	`Severanceaccrual`	$531.98K	USD	Point-in-time
Contingent value rights (Note 2)	`AccruedContingentValueRights`	$60.38K	USD	Point-in-time
Contingent value rights (Note 2)	`AccruedContingentValueRights`	$172.08K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.35M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.06M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.35M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.06M	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 9)	`AccumulatedStockOptionExpense`	$23.56M	USD	Point-in-time
Stock options (Note 9)	`AccumulatedStockOptionExpense`	$23.56M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-295.27M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-297.77M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$51.59M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$49.09M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$50.15M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$52.94M	USD	Point-in-time

Income Statement 52 line items

Line Item	Tag	Value	Unit	Period
Interest income	`InvestmentIncomeInterest`	$63.08K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$471.87K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$929.20K	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$75.18K	USD	2 Qtrs
Unrealized gain on marketable equity securities (Note 5)	`GainLossOnInvestments`	$339.08K	USD	2 Qtrs
Unrealized gain on marketable equity securities (Note 5)	`GainLossOnInvestments`	$54.82K	USD	2 Qtrs
Unrealized gain on marketable equity securities (Note 5)	`GainLossOnInvestments`	$303.15K	USD	1 Quarter
Unrealized gain on marketable equity securities (Note 5)	`GainLossOnInvestments`	$34.02K	USD	1 Quarter
Foreign currency gain (loss)	`ForeignCurrencyGainLoss`	$-45.87K	USD	2 Qtrs
Foreign currency gain (loss)	`ForeignCurrencyGainLoss`	$9.83K	USD	1 Quarter
Foreign currency gain (loss)	`ForeignCurrencyGainLoss`	$-56.35K	USD	1 Quarter
Foreign currency gain (loss)	`ForeignCurrencyGainLoss`	$4.53K	USD	2 Qtrs
Corporate general and administrative (Notes 2 and 9)	`GeneralAndAdministrativeExpense`	$2.66M	USD	2 Qtrs
Corporate general and administrative (Notes 2 and 9)	`GeneralAndAdministrativeExpense`	$1.76M	USD	1 Quarter
Corporate general and administrative (Notes 2 and 9)	`GeneralAndAdministrativeExpense`	$979.09K	USD	1 Quarter
Corporate general and administrative (Notes 2 and 9)	`GeneralAndAdministrativeExpense`	$2.03M	USD	2 Qtrs
Siembra Minera Project and related costs (Note 7)	`SiembraMineraProjectCosts`	-	USD	2 Qtrs
Siembra Minera Project and related costs (Note 7)	`SiembraMineraProjectCosts`	-	USD	1 Quarter
Siembra Minera Project and related costs (Note 7)	`SiembraMineraProjectCosts`	-	USD	1 Quarter
Siembra Minera Project and related costs (Note 7)	`SiembraMineraProjectCosts`	$223.24K	USD	2 Qtrs
Exploration costs	`ExplorationExpense`	$16.39K	USD	2 Qtrs
Exploration costs	`ExplorationExpense`	$7.75K	USD	1 Quarter
Exploration costs	`ExplorationExpense`	$18.18K	USD	2 Qtrs
Exploration costs	`ExplorationExpense`	$8.20K	USD	1 Quarter
Write-down of assets held for sale (Note 6)	`WritedownOfAssetsHeldForSale`	$193.75K	USD	2 Qtrs
Write-down of assets held for sale (Note 6)	`WritedownOfAssetsHeldForSale`	$193.75K	USD	1 Quarter
Write-down of assets held for sale (Note 6)	`WritedownOfAssetsHeldForSale`	-	USD	2 Qtrs
Write-down of assets held for sale (Note 6)	`WritedownOfAssetsHeldForSale`	-	USD	1 Quarter
Legal and accounting	`LegalAndAccounting`	$416.80K	USD	1 Quarter
Legal and accounting	`LegalAndAccounting`	$449.87K	USD	1 Quarter
Legal and accounting	`LegalAndAccounting`	$710.77K	USD	2 Qtrs
Legal and accounting	`LegalAndAccounting`	$848.48K	USD	2 Qtrs
Enforcement of Arbitral Award (Note 2)	`EnforcementOfArbitralAward`	$32.24K	USD	1 Quarter
Enforcement of Arbitral Award (Note 2)	`EnforcementOfArbitralAward`	$733.83K	USD	2 Qtrs
Enforcement of Arbitral Award (Note 2)	`EnforcementOfArbitralAward`	$50.41K	USD	2 Qtrs
Enforcement of Arbitral Award (Note 2)	`EnforcementOfArbitralAward`	$549.90K	USD	1 Quarter
Equipment holding costs	`EquipmentHoldingCosts`	$81.94K	USD	2 Qtrs
Equipment holding costs	`EquipmentHoldingCosts`	$37.01K	USD	1 Quarter
Equipment holding costs	`EquipmentHoldingCosts`	$41.33K	USD	1 Quarter
Equipment holding costs	`EquipmentHoldingCosts`	$75.50K	USD	2 Qtrs
Net loss and comprehensive loss for the period	`NetIncomeLoss`	$-1.40M	USD	1 Quarter
Net loss and comprehensive loss for the period	`NetIncomeLoss`	$-2.24M	USD	1 Quarter
Net loss and comprehensive loss for the period	`NetIncomeLoss`	$-3.79M	USD	2 Qtrs
Net loss and comprehensive loss for the period	`NetIncomeLoss`	$-2.50M	USD	2 Qtrs
Net loss per share, basic and diluted	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.02	USD	1 Quarter
Net loss per share, basic and diluted	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.04	USD	2 Qtrs
Net loss per share, basic and diluted	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.01	USD	1 Quarter
Net loss per share, basic and diluted	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.03	USD	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`	99.55M	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`	99.55M	shares	2 Qtrs

Cash Flow Statement 76 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`	$-3.79M	USD	2 Qtrs
Net loss for the period	`ProfitLoss`	$-1.40M	USD	1 Quarter
Net loss for the period	`ProfitLoss`	$-2.50M	USD	2 Qtrs
Stock option compensation	`StockOptionPlanExpense`	-	USD	1 Quarter
Stock option compensation	`StockOptionPlanExpense`	-	USD	2 Qtrs
Stock option compensation	`StockOptionPlanExpense`	$7.90K	USD	2 Qtrs
Stock option compensation	`StockOptionPlanExpense`	$3.97K	USD	1 Quarter
Depreciation	`Depreciation`	$53.29K	USD	2 Qtrs
Depreciation	`Depreciation`	$26.57K	USD	1 Quarter
Depreciation	`Depreciation`	$31.85K	USD	2 Qtrs
Depreciation	`Depreciation`	$15.70K	USD	1 Quarter
Unrealized gain on marketable equity securities	`MarketableSecuritiesGainLoss`	$-54.82K	USD	2 Qtrs
Unrealized gain on marketable equity securities	`MarketableSecuritiesGainLoss`	$-303.15K	USD	1 Quarter
Unrealized gain on marketable equity securities	`MarketableSecuritiesGainLoss`	$-34.02K	USD	1 Quarter
Unrealized gain on marketable equity securities	`MarketableSecuritiesGainLoss`	$-339.08K	USD	2 Qtrs
Amortized interest on term deposits	`AmortizationDiscountTermDeposits`	$-397.39K	USD	1 Quarter
Amortized interest on term deposits	`AmortizationDiscountTermDeposits`	$-781.77K	USD	2 Qtrs
Amortized interest on term deposits	`AmortizationDiscountTermDeposits`	-	USD	1 Quarter
Amortized interest on term deposits	`AmortizationDiscountTermDeposits`	-	USD	2 Qtrs
Decrease in income tax receivable	`DecreaseInIncomeTaxReceivable`	-	USD	2 Qtrs
Decrease in income tax receivable	`DecreaseInIncomeTaxReceivable`	$591.74K	USD	2 Qtrs
Decrease in income tax receivable	`DecreaseInIncomeTaxReceivable`	$591.74K	USD	1 Quarter
Decrease in income tax receivable	`DecreaseInIncomeTaxReceivable`	-	USD	1 Quarter
Decrease in severance accrual	`IncreaseDecreaseSeveranceAccrual`	$-531.98K	USD	2 Qtrs
Decrease in severance accrual	`IncreaseDecreaseSeveranceAccrual`	-	USD	1 Quarter
Decrease in severance accrual	`IncreaseDecreaseSeveranceAccrual`	-	USD	1 Quarter
Decrease in severance accrual	`IncreaseDecreaseSeveranceAccrual`	-	USD	2 Qtrs
Decrease in contingent value rights accrual	`IncreaseDecreaseCVRAccrual`	$-111.69K	USD	1 Quarter
Decrease in contingent value rights accrual	`IncreaseDecreaseCVRAccrual`	-	USD	2 Qtrs
Decrease in contingent value rights accrual	`IncreaseDecreaseCVRAccrual`	$-111.69K	USD	2 Qtrs
Decrease in contingent value rights accrual	`IncreaseDecreaseCVRAccrual`	-	USD	1 Quarter
Net increase in prepaid expense and other	`IncreaseDecreaseInDepositOtherAssets`	$-325.20K	USD	2 Qtrs
Net increase in prepaid expense and other	`IncreaseDecreaseInDepositOtherAssets`	$-892.73K	USD	1 Quarter
Net increase in prepaid expense and other	`IncreaseDecreaseInDepositOtherAssets`	$-653.34K	USD	1 Quarter
Net increase in prepaid expense and other	`IncreaseDecreaseInDepositOtherAssets`	$-600.74K	USD	2 Qtrs
Net increase in payables and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$486.80K	USD	1 Quarter
Net increase in payables and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$525.85K	USD	1 Quarter
Net increase in payables and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$351.94K	USD	2 Qtrs
Net increase in payables and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$674.26K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-3.12M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-4.01M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.02M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.17M	USD	1 Quarter
Purchase of term deposits	`PurchaseTimeDeposits`	$-17.38M	USD	1 Quarter
Purchase of term deposits	`PurchaseTimeDeposits`	-	USD	2 Qtrs
Purchase of term deposits	`PurchaseTimeDeposits`	$-30.45M	USD	2 Qtrs
Purchase of term deposits	`PurchaseTimeDeposits`	-	USD	1 Quarter
Proceeds from maturity of term deposits	`MaturityTermDeposits`	$20.40M	USD	2 Qtrs
Proceeds from maturity of term deposits	`MaturityTermDeposits`	-	USD	2 Qtrs
Proceeds from maturity of term deposits	`MaturityTermDeposits`	$10.20M	USD	1 Quarter
Proceeds from maturity of term deposits	`MaturityTermDeposits`	-	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-7.18M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-10.05M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	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	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-2.02M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-9.35M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-3.12M	USD	2 Qtrs
Net decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-14.06M	USD	2 Qtrs
Cash and cash equivalents - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.32M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$10.67M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$15.38M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$48.02M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$46.00M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$49.12M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.32M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$10.67M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$15.38M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$48.02M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$46.00M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$49.12M	USD	Point-in-time

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquity`	$51.59M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$49.09M	USD	Point-in-time
Net loss for the period	`NetIncomeLoss`	$-1.40M	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-2.24M	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-3.79M	USD	2 Qtrs
Net loss for the period	`NetIncomeLoss`	$-2.50M	USD	2 Qtrs
Stock option compensation (Note 9)	`StockOptionPlanExpense`	-	USD	1 Quarter
Stock option compensation (Note 9)	`StockOptionPlanExpense`	-	USD	2 Qtrs
Stock option compensation (Note 9)	`StockOptionPlanExpense`	$7.90K	USD	2 Qtrs
Stock option compensation (Note 9)	`StockOptionPlanExpense`	$3.97K	USD	1 Quarter
Ending balance, value	`StockholdersEquity`	$51.59M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$49.09M	USD	Point-in-time

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