10-Q Filing

INTERNATIONAL TOWER HILL MINES LTD CIK: 1134115 Q2 2020

Filing Information

Form Type	10-Q
Accession Number	`0001104659-20-092371`
Period End Date	20200630
Filing Date	20200810
Fiscal Year	2020
Fiscal Period	Q2
XBRL Instance	thm-20200630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 42 Income Statement 92 Cash Flow Statement 38 Stockholders Equity 33

Balance Sheet 42 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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.49M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.94M	USD	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
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$238.55K	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	187.57M	shares	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	187.57M	shares	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$201.60K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$5.69M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$7.18M	USD	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentNet`	$14.55K	USD	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentNet`	$15.43K	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`	$62.57M	USD	Point-in-time
Total assets	`Assets`	$61.08M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$8.51K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$18.43K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$237.72K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$317.32K	USD	Point-in-time
Total liabilities	`Liabilities`	$246.24K	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 June 30, 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 June 30, 2020	`CommonStockValue`	$278.21M	USD	Point-in-time
Contributed surplus	`AdditionalPaidInCapitalCommonStock`	$35.07M	USD	Point-in-time
Contributed surplus	`AdditionalPaidInCapitalCommonStock`	$35.42M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$1.25M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$1.57M	USD	Point-in-time
Deficit	`RetainedEarningsAccumulatedDeficit`	$-254.05M	USD	Point-in-time
Deficit	`RetainedEarningsAccumulatedDeficit`	$-252.63M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$60.84M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$64.63M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$62.23M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$65.18M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$63.40M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$61.74M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$61.08M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$62.57M	USD	Point-in-time

Income Statement 92 line items

Line Item	Tag	Value	Unit	Period
Consulting fees	`ConsultingFees`	$381.00K	USD	2 Qtrs
Consulting fees	`ConsultingFees`	$87.51K	USD	2 Qtrs
Consulting fees	`ConsultingFees`	$340.58K	USD	1 Quarter
Consulting fees	`ConsultingFees`	$43.64K	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$885.00	USD	2 Qtrs
Depreciation	`DepreciationDepletionAndAmortization`	$442.00	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$1.16K	USD	2 Qtrs
Depreciation	`DepreciationDepletionAndAmortization`	$579.00	USD	1 Quarter
Insurance	`GeneralInsuranceExpense`	$66.89K	USD	2 Qtrs
Insurance	`GeneralInsuranceExpense`	$60.63K	USD	2 Qtrs
Insurance	`GeneralInsuranceExpense`	$35.66K	USD	1 Quarter
Insurance	`GeneralInsuranceExpense`	$30.79K	USD	1 Quarter
Investor relations	`InvestorRelationsExpenses`	$31.56K	USD	1 Quarter
Investor relations	`InvestorRelationsExpenses`	$20.28K	USD	1 Quarter
Investor relations	`InvestorRelationsExpenses`	$34.20K	USD	2 Qtrs
Investor relations	`InvestorRelationsExpenses`	$42.05K	USD	2 Qtrs
Mineral property exploration	`OperatingCostsAndExpenses`	$652.02K	USD	2 Qtrs
Mineral property exploration	`OperatingCostsAndExpenses`	$911.95K	USD	1 Quarter
Mineral property exploration	`OperatingCostsAndExpenses`	$536.60K	USD	1 Quarter
Mineral property exploration	`OperatingCostsAndExpenses`	$1.16M	USD	2 Qtrs
Office	`GeneralAndAdministrativeExpense`	$6.11K	USD	1 Quarter
Office	`GeneralAndAdministrativeExpense`	$6.22K	USD	1 Quarter
Office	`GeneralAndAdministrativeExpense`	$13.73K	USD	2 Qtrs
Office	`GeneralAndAdministrativeExpense`	$11.03K	USD	2 Qtrs
Other	`OtherExpenses`	$7.58K	USD	2 Qtrs
Other	`OtherExpenses`	$9.08K	USD	2 Qtrs
Other	`OtherExpenses`	$5.19K	USD	1 Quarter
Other	`OtherExpenses`	$4.53K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$44.66K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$92.12K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$89.16K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$37.04K	USD	1 Quarter
Regulatory	`RegulatoryExpenses`	$84.43K	USD	2 Qtrs
Regulatory	`RegulatoryExpenses`	$19.08K	USD	1 Quarter
Regulatory	`RegulatoryExpenses`	$80.26K	USD	2 Qtrs
Regulatory	`RegulatoryExpenses`	$21.62K	USD	1 Quarter
Rent	`LeaseAndRentalExpense`	$67.87K	USD	2 Qtrs
Rent	`LeaseAndRentalExpense`	$33.93K	USD	1 Quarter
Rent	`LeaseAndRentalExpense`	$67.86K	USD	2 Qtrs
Rent	`LeaseAndRentalExpense`	$33.94K	USD	1 Quarter
Travel	`TravelAndEntertainmentExpense`	$5.14K	USD	1 Quarter
Travel	`TravelAndEntertainmentExpense`	$8.10K	USD	2 Qtrs
Travel	`TravelAndEntertainmentExpense`	$5.76K	USD	2 Qtrs
Travel	`TravelAndEntertainmentExpense`	$3.60K	USD	1 Quarter
Wages and benefits	`LaborAndRelatedExpense`	$230.20K	USD	1 Quarter
Wages and benefits	`LaborAndRelatedExpense`	$384.73K	USD	2 Qtrs
Wages and benefits	`LaborAndRelatedExpense`	$176.78K	USD	1 Quarter
Wages and benefits	`LaborAndRelatedExpense`	$332.53K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$1.95M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$1.30M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$1.28M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$1.79M	USD	2 Qtrs
(Loss)/gain on foreign exchange	`ForeignCurrencyTransactionGainLossBeforeTax`	$316.09K	USD	2 Qtrs
(Loss)/gain on foreign exchange	`ForeignCurrencyTransactionGainLossBeforeTax`	$-225.09K	USD	1 Quarter
(Loss)/gain on foreign exchange	`ForeignCurrencyTransactionGainLossBeforeTax`	$-159.71K	USD	1 Quarter
(Loss)/gain on foreign exchange	`ForeignCurrencyTransactionGainLossBeforeTax`	$-363.25K	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$50.67K	USD	2 Qtrs
Interest income	`InvestmentIncomeInterest`	$49.04K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$13.34K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$81.23K	USD	2 Qtrs
Other income	`OtherNonoperatingIncomeExpense`	$23.73K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$5.29K	USD	2 Qtrs
Other income	`OtherNonoperatingIncomeExpense`	$5.29K	USD	1 Quarter
Other income	`OtherNonoperatingIncomeExpense`	$23.73K	USD	2 Qtrs
Total other income (expenses)	`NonoperatingIncomeExpense`	$-86.94K	USD	1 Quarter
Total other income (expenses)	`NonoperatingIncomeExpense`	$-258.28K	USD	2 Qtrs
Total other income (expenses)	`NonoperatingIncomeExpense`	$372.05K	USD	2 Qtrs
Total other income (expenses)	`NonoperatingIncomeExpense`	$-206.46K	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-2.21M	USD	2 Qtrs
Net loss for the period	`NetIncomeLoss`	$-1.39M	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-1.42M	USD	2 Qtrs
Net loss for the period	`NetIncomeLoss`	$-1.49M	USD	1 Quarter
Exchange difference on translating foreign operations	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent`	$-322.68K	USD	2 Qtrs
Exchange difference on translating foreign operations	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent`	$366.72K	USD	2 Qtrs
Exchange difference on translating foreign operations	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent`	$230.65K	USD	1 Quarter
Exchange difference on translating foreign operations	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent`	$160.69K	USD	1 Quarter
Total other comprehensive income (loss) for the period	`OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent`	$-322.68K	USD	2 Qtrs
Total other comprehensive income (loss) for the period	`OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent`	$160.69K	USD	1 Quarter
Total other comprehensive income (loss) for the period	`OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent`	$230.65K	USD	1 Quarter
Total other comprehensive income (loss) for the period	`OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent`	$366.72K	USD	2 Qtrs
Comprehensive loss for the period	`ComprehensiveIncomeNetOfTax`	$-1.23M	USD	1 Quarter
Comprehensive loss for the period	`ComprehensiveIncomeNetOfTax`	$-1.26M	USD	1 Quarter
Comprehensive loss for the period	`ComprehensiveIncomeNetOfTax`	$-1.74M	USD	2 Qtrs
Comprehensive loss for the period	`ComprehensiveIncomeNetOfTax`	$-1.84M	USD	2 Qtrs
Basic and diluted loss per share	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	2 Qtrs
Basic and diluted loss per share	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Basic and diluted loss per share	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Basic and diluted loss per share	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	2 Qtrs
Weighted average number of shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	187.57M	shares	2 Qtrs
Weighted average number of shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	187.57M	shares	1 Quarter
Weighted average number of shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	187.14M	shares	2 Qtrs
Weighted average number of shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	187.24M	shares	1 Quarter

Cash Flow Statement 38 line items

Line Item	Tag	Value	Unit	Period
Loss for the period	`ProfitLoss`	$-2.21M	USD	2 Qtrs
Loss for the period	`ProfitLoss`	$-1.42M	USD	2 Qtrs
Depreciation	`DepreciationDepletionAndAmortization`	$885.00	USD	2 Qtrs
Depreciation	`DepreciationDepletionAndAmortization`	$442.00	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$1.16K	USD	2 Qtrs
Depreciation	`DepreciationDepletionAndAmortization`	$579.00	USD	1 Quarter
Stock-based compensation-option	`StockOptionPlanExpense`	$53.63K	USD	2 Qtrs
Stock-based compensation-option	`StockOptionPlanExpense`	$1.69K	USD	2 Qtrs
Stock-based compensation-DSU	`DeferredStockOrUnitExpense`	$294.62K	USD	2 Qtrs
Stock-based compensation-DSU	`DeferredStockOrUnitExpense`	-	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-103.19K	USD	2 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-48.87K	USD	2 Qtrs
Prepaid expenses and other	`IncreaseDecreaseInPrepaidExpensesOther`	$58.48K	USD	2 Qtrs
Prepaid expenses and other	`IncreaseDecreaseInPrepaidExpensesOther`	$75.26K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-106.68K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-87.36K	USD	2 Qtrs
Cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.13M	USD	2 Qtrs
Cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.32M	USD	2 Qtrs
Issuance of common shares	`ProceedsFromIssuanceOfCommonStock`	$64.25K	USD	2 Qtrs
Issuance of common shares	`ProceedsFromIssuanceOfCommonStock`	-	USD	2 Qtrs
Cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	2 Qtrs
Cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$64.25K	USD	2 Qtrs
Capitalized acquisition costs	`PaymentsForCapitalImprovements`	-	USD	2 Qtrs
Capitalized acquisition costs	`PaymentsForCapitalImprovements`	$31.82K	USD	2 Qtrs
Cash used in investing financing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	2 Qtrs
Cash used in investing financing activities	`NetCashProvidedByUsedInInvestingActivities`	$-31.82K	USD	2 Qtrs
Effect of foreign exchange on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$362.18K	USD	2 Qtrs
Effect of foreign exchange on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-315.83K	USD	2 Qtrs
Decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-1.93M	USD	2 Qtrs
Decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-1.45M	USD	2 Qtrs
Cash and cash equivalents, beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$5.49M	USD	Point-in-time
Cash and cash equivalents, beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$10.23M	USD	Point-in-time
Cash and cash equivalents, beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$8.30M	USD	Point-in-time
Cash and cash equivalents, beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$6.94M	USD	Point-in-time
Cash and cash equivalents, end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$5.49M	USD	Point-in-time
Cash and cash equivalents, end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$10.23M	USD	Point-in-time
Cash and cash equivalents, end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$8.30M	USD	Point-in-time
Cash and cash equivalents, end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$6.94M	USD	Point-in-time

Stockholders Equity 33 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$60.84M	USD	Point-in-time
Balance	`StockholdersEquity`	$64.63M	USD	Point-in-time
Balance	`StockholdersEquity`	$62.23M	USD	Point-in-time
Balance	`StockholdersEquity`	$65.18M	USD	Point-in-time
Balance	`StockholdersEquity`	$63.40M	USD	Point-in-time
Balance	`StockholdersEquity`	$61.74M	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`	$53.63K	USD	2 Qtrs
Stock-based compensation-options	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$53.63K	USD	1 Quarter
Stock-based compensation-options	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.69K	USD	2 Qtrs
Stock-based compensation-DSUs	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationDeferredShareUnitPlan`	$294.62K	USD	2 Qtrs
Stock-based compensation-DSUs	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationDeferredShareUnitPlan`	$294.62K	USD	1 Quarter
Exchange difference on translating foreign operations	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent`	$-322.68K	USD	2 Qtrs
Exchange difference on translating foreign operations	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent`	$366.72K	USD	2 Qtrs
Exchange difference on translating foreign operations	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent`	$230.65K	USD	1 Quarter
Exchange difference on translating foreign operations	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent`	$160.69K	USD	1 Quarter
Exercise of options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$64.25K	USD	2 Qtrs
Share issuance	`StockIssuedDuringPeriodValueNewIssues`	-	USD	2 Qtrs
Share issuance	`StockIssuedDuringPeriodValueNewIssues`	-	USD	1 Quarter
Reallocation from contributed surplus	`ReallocationFromContributedSurplus`	-	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-2.21M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-1.39M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.42M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-1.49M	USD	1 Quarter
Balance	`StockholdersEquity`	$60.84M	USD	Point-in-time
Balance	`StockholdersEquity`	$64.63M	USD	Point-in-time
Balance	`StockholdersEquity`	$62.23M	USD	Point-in-time
Balance	`StockholdersEquity`	$65.18M	USD	Point-in-time
Balance	`StockholdersEquity`	$63.40M	USD	Point-in-time
Balance	`StockholdersEquity`	$61.74M	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.