10-Q Filing

INTERNATIONAL TOWER HILL MINES LTD CIK: 1134115 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001279569-16-003375`
Period End Date	20160331
Filing Date	20160506
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	thm-20160331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 48 Income Statement 51 Cash Flow Statement 31 Stockholders Equity 21

Balance Sheet 48 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`	116.31M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.09M	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	116.31M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$11.29M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$13.52M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$6.49M	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	116.31M	shares	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	116.31M	shares	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$192.23K	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$178.39K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$5.27M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$6.69M	USD	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentNet`	$30.08K	USD	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentNet`	$28.77K	USD	Point-in-time
Capitalized acquisition costs	`MineralPropertiesNet`	$55.20M	USD	Point-in-time
Capitalized acquisition costs	`MineralPropertiesNet`	$55.20M	USD	Point-in-time
Total assets	`Assets`	$60.50M	USD	Point-in-time
Total assets	`Assets`	$61.92M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$218.50K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$122.04K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$307.71K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$394.44K	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesCurrent`	-	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesCurrent`	$14.60M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$516.48K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$15.13M	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesNoncurrent`	-	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesNoncurrent`	$13.90M	USD	Point-in-time
Total liabilities	`Liabilities`	$15.13M	USD	Point-in-time
Total liabilities	`Liabilities`	$14.42M	USD	Point-in-time
Share capital, no par value; authorized 500,000,000 shares; 116,313,638 shares issued and outstanding at March 31, 2016 and December 31, 2015	`CommonStockValue`	$243.69M	USD	Point-in-time
Share capital, no par value; authorized 500,000,000 shares; 116,313,638 shares issued and outstanding at March 31, 2016 and December 31, 2015	`CommonStockValue`	$243.69M	USD	Point-in-time
Contributed surplus	`AdditionalPaidInCapitalCommonStock`	$34.04M	USD	Point-in-time
Contributed surplus	`AdditionalPaidInCapitalCommonStock`	$33.98M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$816.43K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$1.12M	USD	Point-in-time
Deficit	`RetainedEarningsAccumulatedDeficit`	$-233.47M	USD	Point-in-time
Deficit	`RetainedEarningsAccumulatedDeficit`	$-230.98M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$45.38M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$53.16M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$47.50M	USD	Point-in-time
Total shareholders equity	`StockholdersEquity`	$51.75M	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$60.50M	USD	Point-in-time
Total liabilities and shareholders equity	`LiabilitiesAndStockholdersEquity`	$61.92M	USD	Point-in-time

Income Statement 51 line items

Line Item	Tag	Value	Unit	Period
Consulting fees	`ConsultingFees`	$147.37K	USD	1 Quarter
Consulting fees	`ConsultingFees`	$73.19K	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$1.77K	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$1.31K	USD	1 Quarter
Insurance	`GeneralInsuranceExpense`	$67.38K	USD	1 Quarter
Insurance	`GeneralInsuranceExpense`	$61.75K	USD	1 Quarter
Investor relations	`InvestorRelationsExpenses`	$32.20K	USD	1 Quarter
Investor relations	`InvestorRelationsExpenses`	$20.96K	USD	1 Quarter
Mineral property exploration	`ExplorationExpenseMining`	$796.50K	USD	1 Quarter
Mineral property exploration	`ExplorationExpenseMining`	$401.33K	USD	1 Quarter
Office	`GeneralAndAdministrativeExpense`	$6.99K	USD	1 Quarter
Office	`GeneralAndAdministrativeExpense`	$7.84K	USD	1 Quarter
Other	`OtherExpenses`	$4.48K	USD	1 Quarter
Other	`OtherExpenses`	$4.76K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$42.83K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$50.15K	USD	1 Quarter
Regulatory	`RegulatoryExpenses`	$70.85K	USD	1 Quarter
Regulatory	`RegulatoryExpenses`	$36.74K	USD	1 Quarter
Rent	`LeaseAndRentalExpense`	$35.36K	USD	1 Quarter
Rent	`LeaseAndRentalExpense`	$40.88K	USD	1 Quarter
Travel	`TravelAndEntertainmentExpense`	$19.21K	USD	1 Quarter
Travel	`TravelAndEntertainmentExpense`	$20.85K	USD	1 Quarter
Wages and benefits	`LaborAndRelatedExpense`	$570.24K	USD	1 Quarter
Wages and benefits	`LaborAndRelatedExpense`	$710.58K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$1.67M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$1.56M	USD	1 Quarter
Gain/(loss) on foreign exchange	`ForeignCurrencyTransactionGainLossBeforeTax`	$-123.86K	USD	1 Quarter
Gain/(loss) on foreign exchange	`ForeignCurrencyTransactionGainLossBeforeTax`	$702.25K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$16.36K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$6.82K	USD	1 Quarter
Unrealized gain/(loss) on derivative	`UnrealizedGainLossOnDerivatives`	$-700.00K	USD	1 Quarter
Unrealized gain/(loss) on derivative	`UnrealizedGainLossOnDerivatives`	$200.00K	USD	1 Quarter
Total other income (expenses)	`NonoperatingIncomeExpense`	$-817.04K	USD	1 Quarter
Total other income (expenses)	`NonoperatingIncomeExpense`	$918.61K	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-636.50K	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-4.18M	USD	3 Qtrs
Net loss for the period	`NetIncomeLoss`	$-2.49M	USD	1 Quarter
Unrealized loss on marketable securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax`	$-8.38K	USD	1 Quarter
Unrealized loss on marketable securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax`	$-473.00	USD	1 Quarter
Unrealized loss on marketable securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax`	$2.54K	USD	3 Qtrs
Exchange difference on translating foreign operations	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent`	$299.48K	USD	1 Quarter
Exchange difference on translating foreign operations	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent`	$-566.18K	USD	3 Qtrs
Exchange difference on translating foreign operations	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent`	$-1.03M	USD	1 Quarter
Total other comprehensive income (loss) for the period	`OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent`	$299.01K	USD	1 Quarter
Total other comprehensive income (loss) for the period	`OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent`	$-1.04M	USD	1 Quarter
Comprehensive loss for the period	`ComprehensiveIncomeNetOfTax`	$-1.67M	USD	1 Quarter
Comprehensive loss for the period	`ComprehensiveIncomeNetOfTax`	$-2.19M	USD	1 Quarter
Basic and fully diluted loss per share	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	1 Quarter
Basic and fully diluted loss per share	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	1 Quarter
Weighted average number of shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	116.31M	shares	1 Quarter
Weighted average number of shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	116.31M	shares	1 Quarter

Cash Flow Statement 31 line items

Line Item	Tag	Value	Unit	Period
Loss for the period	`NetIncomeLoss`	$-636.50K	USD	1 Quarter
Loss for the period	`NetIncomeLoss`	$-4.18M	USD	3 Qtrs
Loss for the period	`NetIncomeLoss`	$-2.49M	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$1.77K	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$1.31K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$269.71K	USD	1 Quarter
Stock based compensation	`ShareBasedCompensation`	$60.65K	USD	1 Quarter
Unrealized (gain) loss on derivative liability	`UnrealizedGainLossOnDerivatives`	$-700.00K	USD	1 Quarter
Unrealized (gain) loss on derivative liability	`UnrealizedGainLossOnDerivatives`	$200.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$10.33K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-54.03K	USD	1 Quarter
Prepaid expenses and other	`IncreaseDecreaseInPrepaidExpensesOther`	$-28.87K	USD	1 Quarter
Prepaid expenses and other	`IncreaseDecreaseInPrepaidExpensesOther`	$-21.63K	USD	1 Quarter
Advances to contractors	`IncreaseDecreaseInAdvanceToContractors`	$8.84K	USD	1 Quarter
Advances to contractors	`IncreaseDecreaseInAdvanceToContractors`	$-19.70K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$6.48K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-680.83K	USD	1 Quarter
Cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-1.15M	USD	1 Quarter
Cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-1.71M	USD	1 Quarter
Effect of foreign exchange on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$306.39K	USD	1 Quarter
Effect of foreign exchange on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-1.08M	USD	1 Quarter
Decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.23M	USD	1 Quarter
Decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.40M	USD	1 Quarter
Cash and cash equivalents, beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$5.09M	USD	Point-in-time
Cash and cash equivalents, beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$11.29M	USD	Point-in-time
Cash and cash equivalents, beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$13.52M	USD	Point-in-time
Cash and cash equivalents, beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$6.49M	USD	Point-in-time
Cash and cash equivalents, end of the period	`CashAndCashEquivalentsAtCarryingValue`	$5.09M	USD	Point-in-time
Cash and cash equivalents, end of the period	`CashAndCashEquivalentsAtCarryingValue`	$11.29M	USD	Point-in-time
Cash and cash equivalents, end of the period	`CashAndCashEquivalentsAtCarryingValue`	$13.52M	USD	Point-in-time
Cash and cash equivalents, end of the period	`CashAndCashEquivalentsAtCarryingValue`	$6.49M	USD	Point-in-time

Stockholders Equity 21 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$45.38M	USD	Point-in-time
Balance	`StockholdersEquity`	$53.16M	USD	Point-in-time
Balance	`StockholdersEquity`	$47.50M	USD	Point-in-time
Balance	`StockholdersEquity`	$51.75M	USD	Point-in-time
Stock based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$60.65K	USD	1 Quarter
Stock based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$269.71K	USD	1 Quarter
Stock based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$270.76K	USD	3 Qtrs
Unrealized loss on available-for-sale securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax`	$-8.38K	USD	1 Quarter
Unrealized loss on available-for-sale securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax`	$-473.00	USD	1 Quarter
Unrealized loss on available-for-sale securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax`	$2.54K	USD	3 Qtrs
Impairment of available-for-sale securities	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForWritedownOfSecuritiesBeforeTax`	$219.40K	USD	3 Qtrs
Exchange difference on translating foreign operations	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent`	$299.48K	USD	1 Quarter
Exchange difference on translating foreign operations	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent`	$-566.18K	USD	3 Qtrs
Exchange difference on translating foreign operations	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent`	$-1.03M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-636.50K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-4.18M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-2.49M	USD	1 Quarter
Balance	`StockholdersEquity`	$45.38M	USD	Point-in-time
Balance	`StockholdersEquity`	$53.16M	USD	Point-in-time
Balance	`StockholdersEquity`	$47.50M	USD	Point-in-time
Balance	`StockholdersEquity`	$51.75M	USD	Point-in-time

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