10-Q Filing

INTERNATIONAL TOWER HILL MINES LTD CIK: 1134115 Q1 2020

Filing Information

Form Type	10-Q
Accession Number	`0001104659-20-058374`
Period End Date	20200331
Filing Date	20200508
Fiscal Year	2020
Fiscal Period	Q1
XBRL Instance	thm-20200331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 40 Income Statement 44 Cash Flow Statement 30 Stockholders Equity 19

Balance Sheet 40 line items

Line Item	Tag	Value	Unit	Period
Common Stock, No Par Value	`CommonStockNoParValue`	-	USD	Point-in-time
Common Stock, No Par Value	`CommonStockNoParValue`	-	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	187.57M	shares	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	187.57M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.47M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.94M	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	187.57M	shares	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$238.55K	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	187.57M	shares	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$126.08K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$7.18M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$6.59M	USD	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentNet`	$15.43K	USD	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentNet`	$14.99K	USD	Point-in-time
Capitalized acquisition costs	`MineralPropertiesNet`	$55.38M	USD	Point-in-time
Capitalized acquisition costs	`MineralPropertiesNet`	$55.38M	USD	Point-in-time
Total assets	`Assets`	$61.98M	USD	Point-in-time
Total assets	`Assets`	$62.57M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$18.43K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$55.76K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$183.37K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$317.32K	USD	Point-in-time
Total liabilities	`Liabilities`	$239.13K	USD	Point-in-time
Total liabilities	`Liabilities`	$335.76K	USD	Point-in-time
Share capital, no par value; authorized 500,000,000 shares; 187,573,671 shares issued and outstanding at December 31, 2019 and March 31, 2020	`CommonStockValue`	$278.21M	USD	Point-in-time
Share capital, no par value; authorized 500,000,000 shares; 187,573,671 shares issued and outstanding at December 31, 2019 and March 31, 2020	`CommonStockValue`	$278.21M	USD	Point-in-time
Contributed surplus	`AdditionalPaidInCapitalCommonStock`	$35.07M	USD	Point-in-time
Contributed surplus	`AdditionalPaidInCapitalCommonStock`	$35.07M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$1.02M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$1.57M	USD	Point-in-time
Deficit	`RetainedEarningsAccumulatedDeficit`	$-252.63M	USD	Point-in-time
Deficit	`RetainedEarningsAccumulatedDeficit`	$-252.56M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$64.63M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$61.74M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$65.18M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$62.23M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$61.98M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$62.57M	USD	Point-in-time

Income Statement 44 line items

Line Item	Tag	Value	Unit	Period
Consulting fees	`ConsultingFees`	$40.42K	USD	1 Quarter
Consulting fees	`ConsultingFees`	$43.87K	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$579.00	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$443.00	USD	1 Quarter
Insurance	`GeneralInsuranceExpense`	$31.22K	USD	1 Quarter
Insurance	`GeneralInsuranceExpense`	$29.84K	USD	1 Quarter
Investor relations	`InvestorRelationsExpenses`	$10.49K	USD	1 Quarter
Investor relations	`InvestorRelationsExpenses`	$13.92K	USD	1 Quarter
Mineral property exploration	`OperatingCostsAndExpenses`	$115.42K	USD	1 Quarter
Mineral property exploration	`OperatingCostsAndExpenses`	$250.59K	USD	1 Quarter
Office	`GeneralAndAdministrativeExpense`	$4.81K	USD	1 Quarter
Office	`GeneralAndAdministrativeExpense`	$7.62K	USD	1 Quarter
Other	`OtherExpenses`	$3.89K	USD	1 Quarter
Other	`OtherExpenses`	$3.05K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$52.12K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$47.46K	USD	1 Quarter
Regulatory	`RegulatoryExpenses`	$62.81K	USD	1 Quarter
Regulatory	`RegulatoryExpenses`	$61.17K	USD	1 Quarter
Rent	`LeaseAndRentalExpense`	$33.93K	USD	1 Quarter
Rent	`LeaseAndRentalExpense`	$33.93K	USD	1 Quarter
Travel	`TravelAndEntertainmentExpense`	$2.96K	USD	1 Quarter
Travel	`TravelAndEntertainmentExpense`	$2.16K	USD	1 Quarter
Wages and benefits	`LaborAndRelatedExpense`	$154.53K	USD	1 Quarter
Wages and benefits	`LaborAndRelatedExpense`	$155.75K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$513.43K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$649.57K	USD	1 Quarter
Gain (Loss) on foreign exchange	`ForeignCurrencyTransactionGainLossBeforeTax`	$541.19K	USD	1 Quarter
Gain (Loss) on foreign exchange	`ForeignCurrencyTransactionGainLossBeforeTax`	$-203.54K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$32.20K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$37.33K	USD	1 Quarter
Total other income (expenses)	`NonoperatingIncomeExpense`	$578.51K	USD	1 Quarter
Total other income (expenses)	`NonoperatingIncomeExpense`	$-171.34K	USD	1 Quarter
Net income (loss) for the period	`NetIncomeLoss`	$-820.91K	USD	1 Quarter
Net income (loss) for the period	`NetIncomeLoss`	$65.08K	USD	1 Quarter
Exchange difference on translating foreign operations	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent`	$206.03K	USD	1 Quarter
Exchange difference on translating foreign operations	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent`	$-553.33K	USD	1 Quarter
Total other comprehensive income (loss) for the period	`OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent`	$206.03K	USD	1 Quarter
Total other comprehensive income (loss) for the period	`OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent`	$-553.33K	USD	1 Quarter
Comprehensive loss for the period	`ComprehensiveIncomeNetOfTax`	$-614.89K	USD	1 Quarter
Comprehensive loss for the period	`ComprehensiveIncomeNetOfTax`	$-488.25K	USD	1 Quarter
Basic and diluted loss per share	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Basic and diluted loss per share	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Weighted average number of shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	187.05M	shares	1 Quarter
Weighted average number of shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	187.57M	shares	1 Quarter

Cash Flow Statement 30 line items

Line Item	Tag	Value	Unit	Period
Income (Loss) for the period	`ProfitLoss`	$65.08K	USD	1 Quarter
Income (Loss) for the period	`ProfitLoss`	$-820.91K	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$579.00	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$443.00	USD	1 Quarter
Stock-based compensation-option	`StockOptionPlanExpense`	-	USD	1 Quarter
Stock-based compensation-option	`StockOptionPlanExpense`	$1.69K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-108.29K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-90.70K	USD	1 Quarter
Prepaid expenses and other	`IncreaseDecreaseInPrepaidExpensesOther`	$12.05K	USD	1 Quarter
Prepaid expenses and other	`IncreaseDecreaseInPrepaidExpensesOther`	$28.21K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-92.73K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-206.61K	USD	1 Quarter
Cash provided by (used) in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$69.04K	USD	1 Quarter
Cash provided by (used) in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-962.76K	USD	1 Quarter
Issuance of common shares	`ProceedsFromIssuanceOfCommonStock`	-	USD	1 Quarter
Issuance of common shares	`ProceedsFromIssuanceOfCommonStock`	$64.25K	USD	1 Quarter
Cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$64.25K	USD	1 Quarter
Cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
Effect of foreign exchange on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-541.00K	USD	1 Quarter
Effect of foreign exchange on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$203.79K	USD	1 Quarter
Decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-694.71K	USD	1 Quarter
Decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-471.96K	USD	1 Quarter
Cash and cash equivalents, beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$9.53M	USD	Point-in-time
Cash and cash equivalents, beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$6.47M	USD	Point-in-time
Cash and cash equivalents, beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$6.94M	USD	Point-in-time
Cash and cash equivalents, beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$10.23M	USD	Point-in-time
Cash and cash equivalents, end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$9.53M	USD	Point-in-time
Cash and cash equivalents, end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$6.47M	USD	Point-in-time
Cash and cash equivalents, end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$6.94M	USD	Point-in-time
Cash and cash equivalents, end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$10.23M	USD	Point-in-time

Stockholders Equity 19 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$64.63M	USD	Point-in-time
Balance	`StockholdersEquity`	$61.74M	USD	Point-in-time
Balance	`StockholdersEquity`	$65.18M	USD	Point-in-time
Balance	`StockholdersEquity`	$62.23M	USD	Point-in-time
Balance (in shares)	`CommonStockSharesIssued`	187.57M	shares	Point-in-time
Balance (in shares)	`CommonStockSharesIssued`	187.57M	shares	Point-in-time
Stock-based compensation-options	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.69K	USD	1 Quarter
Exchange difference on translating foreign operations	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent`	$206.03K	USD	1 Quarter
Exchange difference on translating foreign operations	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent`	$-553.33K	USD	1 Quarter
Exercise of options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$64.25K	USD	1 Quarter
Reallocation from contributed surplus	`ReallocationFromContributedSurplus`	-	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-820.91K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$65.08K	USD	1 Quarter
Balance	`StockholdersEquity`	$64.63M	USD	Point-in-time
Balance	`StockholdersEquity`	$61.74M	USD	Point-in-time
Balance	`StockholdersEquity`	$65.18M	USD	Point-in-time
Balance	`StockholdersEquity`	$62.23M	USD	Point-in-time
Balance (in shares)	`CommonStockSharesIssued`	187.57M	shares	Point-in-time
Balance (in shares)	`CommonStockSharesIssued`	187.57M	shares	Point-in-time

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