10-K Filing

INTERNATIONAL TOWER HILL MINES LTD CIK: 1134115 FY 2018

Filing Information

Form Type	10-K
Accession Number	`0001279569-19-000594`
Period End Date	20181231
Filing Date	20190315
Fiscal Year	2018
Fiscal Period	FY
XBRL Instance	thm-20181231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 43 Income Statement 50 Cash Flow Statement 46 Stockholders Equity 25

Balance Sheet 43 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`	$22.47M	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	186.99M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$10.23M	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	162.39M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.24M	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$203.97K	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$177.73K	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	186.99M	shares	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	162.39M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$2.42M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$10.43M	USD	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentNet`	$17.75K	USD	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentNet`	$20.79K	USD	Point-in-time
Capitalized acquisition costs	`MineralPropertiesNet`	$55.20M	USD	Point-in-time
Capitalized acquisition costs	`MineralPropertiesNet`	$55.27M	USD	Point-in-time
Total assets	`Assets`	$57.65M	USD	Point-in-time
Total assets	`Assets`	$65.72M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$82.27K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$43.48K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$504.48K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$346.57K	USD	Point-in-time
Total liabilities	`Liabilities`	$547.95K	USD	Point-in-time
Total liabilities	`Liabilities`	$428.84K	USD	Point-in-time
Share capital, no par value; authorized 500,000,000 shares; 186,990,683 and 162,392,996 shares issued and outstanding at December 31, 2018 and 2017, respectively	`CommonStockValue`	$265.62M	USD	Point-in-time
Share capital, no par value; authorized 500,000,000 shares; 186,990,683 and 162,392,996 shares issued and outstanding at December 31, 2018 and 2017, respectively	`CommonStockValue`	$277.85M	USD	Point-in-time
Contributed surplus	`AdditionalPaidInCapitalCommonStock`	$34.46M	USD	Point-in-time
Contributed surplus	`AdditionalPaidInCapitalCommonStock`	$34.96M	USD	Point-in-time
Obligation to issue shares	`CommonStockSharesSubscriptions`	$63.59K	USD	Point-in-time
Obligation to issue shares	`CommonStockSharesSubscriptions`	$63.59K	USD	Point-in-time
Obligation to issue shares	`CommonStockSharesSubscriptions`	-	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$1.69M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$1.16M	USD	Point-in-time
Deficit	`RetainedEarningsAccumulatedDeficit`	$-248.80M	USD	Point-in-time
Deficit	`RetainedEarningsAccumulatedDeficit`	$-244.61M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$57.22M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$65.18M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$62.82M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$57.65M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$65.72M	USD	Point-in-time

Income Statement 50 line items

Line Item	Tag	Value	Unit	Period
Consulting fees	`ConsultingFees`	$553.29K	USD	Annual
Consulting fees	`ConsultingFees`	$660.36K	USD	Annual
Depreciation	`DepreciationDepletionAndAmortization`	$3.04K	USD	Annual
Depreciation	`DepreciationDepletionAndAmortization`	$4.01K	USD	Annual
Insurance	`GeneralInsuranceExpense`	$169.04K	USD	Annual
Insurance	`GeneralInsuranceExpense`	$281.95K	USD	Annual
Investor relations	`InvestorRelationsExpenses`	$83.63K	USD	Annual
Investor relations	`InvestorRelationsExpenses`	$58.27K	USD	Annual
Mineral property exploration	`CostOfGoodsAndServicesSold`	$1.58M	USD	Annual
Mineral property exploration	`CostOfGoodsAndServicesSold`	$2.45M	USD	Annual
Office	`GeneralAndAdministrativeExpense`	$35.30K	USD	Annual
Office	`GeneralAndAdministrativeExpense`	$33.87K	USD	Annual
Other	`OtherExpenses`	$18.24K	USD	Annual
Other	`OtherExpenses`	$16.23K	USD	Annual
Professional fees	`ProfessionalFees`	$227.08K	USD	Annual
Professional fees	`ProfessionalFees`	$263.86K	USD	Annual
Regulatory	`RegulatoryExpenses`	$146.62K	USD	Annual
Regulatory	`RegulatoryExpenses`	$152.60K	USD	Annual
Rent	`LeaseAndRentalExpense`	$135.74K	USD	Annual
Rent	`LeaseAndRentalExpense`	$139.74K	USD	Annual
Travel	`TravelAndEntertainmentExpense`	$59.19K	USD	Annual
Travel	`TravelAndEntertainmentExpense`	$94.87K	USD	Annual
Wages and benefits	`LaborAndRelatedExpense`	$1.94M	USD	Annual
Wages and benefits	`LaborAndRelatedExpense`	$1.89M	USD	Annual
Total operating expenses	`OperatingExpenses`	$6.12M	USD	Annual
Total operating expenses	`OperatingExpenses`	$4.87M	USD	Annual
Gain/(loss) on foreign exchange	`ForeignCurrencyTransactionGainLossBeforeTax`	$-364.19K	USD	Annual
Gain/(loss) on foreign exchange	`ForeignCurrencyTransactionGainLossBeforeTax`	$522.25K	USD	Annual
Interest income	`InvestmentIncomeInterest`	$27.39K	USD	Annual
Interest income	`InvestmentIncomeInterest`	$119.11K	USD	Annual
Other income	`OtherNonoperatingIncome`	$22.20K	USD	Annual
Other income	`OtherNonoperatingIncome`	$34.83K	USD	Annual
Total other income (expense)	`NonoperatingIncomeExpense`	$676.19K	USD	Annual
Total other income (expense)	`NonoperatingIncomeExpense`	$-314.59K	USD	Annual
Net loss for the year	`NetIncomeLoss`	$-6.43M	USD	Annual
Net loss for the year	`NetIncomeLoss`	$-4.19M	USD	Annual
Unrealized loss on marketable securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax`	$-1.53K	USD	Annual
Unrealized loss on marketable securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax`	$-8.52K	USD	Annual
Reclassification of accumulated unrealized loss on available-for-sale securities to other income	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForWritedownOfSecuritiesTax`	-	USD	Annual
Reclassification of accumulated unrealized loss on available-for-sale securities to other income	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForWritedownOfSecuritiesTax`	$-22.35K	USD	Annual
Exchange difference on translating foreign operations	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent`	$350.66K	USD	Annual
Exchange difference on translating foreign operations	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent`	$-544.28K	USD	Annual
Total other comprehensive income/(loss) for the year	`OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent`	$-523.46K	USD	Annual
Total other comprehensive income/(loss) for the year	`OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent`	$342.14K	USD	Annual
Comprehensive loss for the year	`ComprehensiveIncomeNetOfTax`	$-4.72M	USD	Annual
Comprehensive loss for the year	`ComprehensiveIncomeNetOfTax`	$-6.09M	USD	Annual
Basic and diluted net loss per share	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	Annual
Basic and diluted net loss per share	`EarningsPerShareBasicAndDiluted`	$-0.04	USD	Annual
Weighted average number of shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	162.28M	shares	Annual
Weighted average number of shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	181.98M	shares	Annual

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Loss for the year	`NetIncomeLoss`	$-6.43M	USD	Annual
Loss for the year	`NetIncomeLoss`	$-4.19M	USD	Annual
Depreciation	`DepreciationDepletionAndAmortization`	$3.04K	USD	Annual
Depreciation	`DepreciationDepletionAndAmortization`	$4.01K	USD	Annual
Stock-based compensation-option	`ShareBasedCompensation`	$189.40K	USD	Annual
Stock-based compensation-option	`ShareBasedCompensation`	$62.00K	USD	Annual
Stock-based compensation-DSU	`ShareBasedCompensationUnderDeferredShareUnitIncentivePlan`	$381.56K	USD	Annual
Stock-based compensation-DSU	`ShareBasedCompensationUnderDeferredShareUnitIncentivePlan`	$414.42K	USD	Annual
Loss on sale of marketable securities	`MarketableSecuritiesGainLoss`	-	USD	Annual
Loss on sale of marketable securities	`MarketableSecuritiesGainLoss`	$-19.95K	USD	Annual
Shares for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	-	USD	Annual
Shares for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$99.49K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-4.13K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$99.48K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpensesOther`	$-25.17K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpensesOther`	$-48.16K	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$30.34K	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$124.81K	USD	Annual
Cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-5.83M	USD	Annual
Cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-3.49M	USD	Annual
Issuance of common shares	`ProceedsFromIssuanceOfCommonStock`	-	USD	Annual
Issuance of common shares	`ProceedsFromIssuanceOfCommonStock`	$12.18M	USD	Annual
Derivative payment	`PaymentsForDerivativeInstrumentFinancingActivities`	$14.69M	USD	Annual
Derivative payment	`PaymentsForDerivativeInstrumentFinancingActivities`	-	USD	Annual
Share issuance costs	`PaymentsOfStockIssuanceCosts`	$111.38K	USD	Annual
Share issuance costs	`PaymentsOfStockIssuanceCosts`	$52.65K	USD	Annual
Cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-14.75M	USD	Annual
Cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$12.07M	USD	Annual
Capitalized acquisition costs	`PaymentsForCapitalImprovements`	$69.39K	USD	Annual
Capitalized acquisition costs	`PaymentsForCapitalImprovements`	-	USD	Annual
Sale of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$14.52K	USD	Annual
Sale of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	-	USD	Annual
Cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	Annual
Cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-54.87K	USD	Annual
Effect of foreign exchange on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$350.16K	USD	Annual
Effect of foreign exchange on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-538.55K	USD	Annual
Increase/(decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-20.22M	USD	Annual
Increase/(decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$7.98M	USD	Annual
Cash and cash equivalents, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$22.47M	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$10.23M	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$2.24M	USD	Point-in-time
Cash and cash equivalents, end of year	`CashAndCashEquivalentsAtCarryingValue`	$22.47M	USD	Point-in-time
Cash and cash equivalents, end of year	`CashAndCashEquivalentsAtCarryingValue`	$10.23M	USD	Point-in-time
Cash and cash equivalents, end of year	`CashAndCashEquivalentsAtCarryingValue`	$2.24M	USD	Point-in-time
Obligation to issue shares	`ShareIssueObligation`	-	USD	Annual
Obligation to issue shares	`ShareIssueObligation`	$63.59K	USD	Annual

Stockholders Equity 25 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$57.22M	USD	Point-in-time
Balance	`StockholdersEquity`	$65.18M	USD	Point-in-time
Balance	`StockholdersEquity`	$62.82M	USD	Point-in-time
Stock based compensation-option	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$189.40K	USD	Annual
Stock based compensation-option	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$62.00K	USD	Annual
Stock based compensation-DSU	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationDeferredShareUnitPlan`	$414.42K	USD	Annual
Stock based compensation-DSU	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationDeferredShareUnitPlan`	$381.56K	USD	Annual
Unrealized loss on available-for-sale securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax`	$-1.53K	USD	Annual
Unrealized loss on available-for-sale securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax`	$-8.52K	USD	Annual
Reclassification of accumulated unrealized loss on available-for-sale securities to other income	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForWritedownOfSecuritiesTax`	-	USD	Annual
Reclassification of accumulated unrealized loss on available-for-sale securities to other income	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForWritedownOfSecuritiesTax`	$-22.35K	USD	Annual
Exchange difference on translating foreign operations	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent`	$350.66K	USD	Annual
Exchange difference on translating foreign operations	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent`	$-544.28K	USD	Annual
Obligation to issue shares	`ObligationToIssueShares`	-	USD	Annual
Share issuance	`StockIssuedDuringPeriodValueNewIssues`	$99.49K	USD	Annual
Share issuance	`StockIssuedDuringPeriodValueNewIssues`	$12.00M	USD	Annual
Exercise of options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$181.03K	USD	Annual
Share issuance costs	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$111.38K	USD	Annual
Share issuance costs	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$52.65K	USD	Annual
Reallocation from contributed surplus	`ReallocationFromContributedSurplus`	-	USD	Annual
Net loss	`NetIncomeLoss`	$-6.43M	USD	Annual
Net loss	`NetIncomeLoss`	$-4.19M	USD	Annual
Balance	`StockholdersEquity`	$57.22M	USD	Point-in-time
Balance	`StockholdersEquity`	$65.18M	USD	Point-in-time
Balance	`StockholdersEquity`	$62.82M	USD	Point-in-time

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