10-K Filing

INTERNATIONAL TOWER HILL MINES LTD CIK: 1134115 FY 2021

Filing Information

Form Type	10-K
Accession Number	`0001410578-22-000306`
Period End Date	20211231
Filing Date	20220309
Fiscal Year	2021
Fiscal Period	FY
XBRL Instance	thm-20211231x10k_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 37 Income Statement 50 Cash Flow Statement 32 Stockholders Equity 21

Balance Sheet 37 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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.78M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$13.05M	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	194.91M	shares	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	194.91M	shares	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	194.91M	shares	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$162.08K	USD	Point-in-time
Prepaid expenses and other	`PrepaidExpenseAndOtherAssetsCurrent`	$141.68K	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	194.91M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$13.21M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$7.92M	USD	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentNet`	$7.46K	USD	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentNet`	$7.83K	USD	Point-in-time
Mineral property	`MineralPropertiesNet`	$55.38M	USD	Point-in-time
Mineral property	`MineralPropertiesNet`	$55.38M	USD	Point-in-time
Total assets	`Assets`	$68.59M	USD	Point-in-time
Total assets	`Assets`	$63.30M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$199.03K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$259.65K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$320.23K	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$293.96K	USD	Point-in-time
Liabilities	`Liabilities`	$492.99K	USD	Point-in-time
Liabilities	`Liabilities`	$579.88K	USD	Point-in-time
Share capital, no par value; unlimited number of authorized shares; 194,908,184 shares issued and outstanding at December 31, 2021 and 2020	`CommonStockValue`	$288.03M	USD	Point-in-time
Share capital, no par value; unlimited number of authorized shares; 194,908,184 shares issued and outstanding at December 31, 2021 and 2020	`CommonStockValue`	$288.03M	USD	Point-in-time
Contributed surplus	`AdditionalPaidInCapitalCommonStock`	$35.45M	USD	Point-in-time
Contributed surplus	`AdditionalPaidInCapitalCommonStock`	$35.99M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$1.83M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$1.76M	USD	Point-in-time
Deficit	`RetainedEarningsAccumulatedDeficit`	$-257.14M	USD	Point-in-time
Deficit	`RetainedEarningsAccumulatedDeficit`	$-263.13M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$62.23M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$68.10M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$62.73M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$63.30M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$68.59M	USD	Point-in-time

Income Statement 50 line items

Line Item	Tag	Value	Unit	Period
Consulting fees	`ConsultingFees`	$612.39K	USD	Annual
Consulting fees	`ConsultingFees`	$472.41K	USD	Annual
Depreciation	`DepreciationDepletionAndAmortization`	$367.00	USD	Annual
Depreciation	`DepreciationDepletionAndAmortization`	$7.60K	USD	Annual
Insurance	`GeneralInsuranceExpense`	$144.84K	USD	Annual
Insurance	`GeneralInsuranceExpense`	$179.66K	USD	Annual
Investor relations	`InvestorRelationsExpenses`	$77.26K	USD	Annual
Investor relations	`InvestorRelationsExpenses`	$57.21K	USD	Annual
Mineral property exploration	`OperatingCostsAndExpenses`	$3.52M	USD	Annual
Mineral property exploration	`OperatingCostsAndExpenses`	$2.36M	USD	Annual
Office	`GeneralAndAdministrativeExpense`	$33.29K	USD	Annual
Office	`GeneralAndAdministrativeExpense`	$27.59K	USD	Annual
Other	`OtherExpenses`	$17.77K	USD	Annual
Other	`OtherExpenses`	$17.18K	USD	Annual
Professional fees	`ProfessionalFees`	$210.59K	USD	Annual
Professional fees	`ProfessionalFees`	$219.27K	USD	Annual
Regulatory	`RegulatoryExpenses`	$138.19K	USD	Annual
Regulatory	`RegulatoryExpenses`	$178.26K	USD	Annual
Rent	`OperatingLeaseExpense`	$135.37K	USD	Annual
Rent	`OperatingLeaseExpense`	$135.76K	USD	Annual
Travel	`TravelAndEntertainmentExpense`	$18.46K	USD	Annual
Travel	`TravelAndEntertainmentExpense`	$20.45K	USD	Annual
Wages and benefits	`LaborAndRelatedExpense`	$808.84K	USD	Annual
Wages and benefits	`LaborAndRelatedExpense`	$935.07K	USD	Annual
Total operating expenses	`OperatingExpenses`	$5.92M	USD	Annual
Total operating expenses	`OperatingExpenses`	$4.41M	USD	Annual
Loss on foreign exchange	`ForeignCurrencyTransactionGainLossBeforeTax`	$-191.07K	USD	Annual
Loss on foreign exchange	`ForeignCurrencyTransactionGainLossBeforeTax`	$-101.82K	USD	Annual
Interest income	`InvestmentIncomeInterest`	$20.26K	USD	Annual
Interest income	`InvestmentIncomeInterest`	$76.36K	USD	Annual
Other income	`OtherNonoperatingIncomeExpense`	$10.82K	USD	Annual
Other income	`OtherNonoperatingIncomeExpense`	$16.72K	USD	Annual
Total other income (expense)	`NonoperatingIncomeExpense`	$-103.89K	USD	Annual
Total other income (expense)	`NonoperatingIncomeExpense`	$-64.84K	USD	Annual
Net loss for the year	`NetIncomeLoss`	$-4.52M	USD	Annual
Net loss for the year	`NetIncomeLoss`	$-5.98M	USD	Annual
Exchange difference on translating foreign operations	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent`	$185.22K	USD	Annual
Exchange difference on translating foreign operations	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent`	$68.89K	USD	Annual
Total other comprehensive income for the year	`OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent`	$68.89K	USD	Annual
Total other comprehensive income for the year	`OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent`	$185.22K	USD	Annual
Comprehensive loss for the year	`ComprehensiveIncomeNetOfTax`	$-5.91M	USD	Annual
Comprehensive loss for the year	`ComprehensiveIncomeNetOfTax`	$-4.33M	USD	Annual
Basic loss per share	`EarningsPerShareBasic`	$-0.03	USD	Annual
Basic loss per share	`EarningsPerShareBasic`	$-0.02	USD	Annual
Diluted loss per share	`EarningsPerShareDiluted`	$-0.02	USD	Annual
Diluted loss per share	`EarningsPerShareDiluted`	$-0.03	USD	Annual
Weighted average number of shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	189.87M	shares	Annual
Weighted average number of shares outstanding - basic	`WeightedAverageNumberOfSharesOutstandingBasic`	194.91M	shares	Annual
Weighted average number of shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	189.87M	shares	Annual
Weighted average number of shares outstanding - diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	194.91M	shares	Annual

Cash Flow Statement 32 line items

Line Item	Tag	Value	Unit	Period
Loss for the year	`ProfitLoss`	$-4.52M	USD	Annual
Loss for the year	`ProfitLoss`	$-5.98M	USD	Annual
Depreciation	`DepreciationDepletionAndAmortization`	$367.00	USD	Annual
Depreciation	`DepreciationDepletionAndAmortization`	$7.60K	USD	Annual
Stock-based compensation-option	`StockOptionPlanExpense`	$167.27K	USD	Annual
Stock-based compensation-option	`StockOptionPlanExpense`	$90.91K	USD	Annual
Stock-based compensation-DSU	`ShareBasedCompensationUnderDeferredShareUnitIncentivePlan`	$294.62K	USD	Annual
Stock-based compensation-DSU	`ShareBasedCompensationUnderDeferredShareUnitIncentivePlan`	$367.85K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-18.77K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-94.80K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpensesOther`	$14.45K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpensesOther`	$-1.55K	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$156.30K	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$86.96K	USD	Annual
Cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-5.34M	USD	Annual
Cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-3.89M	USD	Annual
Issuance of common shares	`ProceedsFromIssuanceOfCommonStock`	-	USD	Annual
Issuance of common shares	`ProceedsFromIssuanceOfCommonStock`	$10.30M	USD	Annual
Share issuance costs	`PaymentsOfStockIssuanceCosts`	$480.95K	USD	Annual
Share issuance costs	`PaymentsOfStockIssuanceCosts`	-	USD	Annual
Cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	Annual
Cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$9.82M	USD	Annual
Effect of foreign exchange on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$68.89K	USD	Annual
Effect of foreign exchange on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$182.28K	USD	Annual
Increase/(decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$6.11M	USD	Annual
Increase/(decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-5.27M	USD	Annual
Cash and cash equivalents, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$7.78M	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$6.94M	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$13.05M	USD	Point-in-time
Cash and cash equivalents, end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$7.78M	USD	Point-in-time
Cash and cash equivalents, end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$6.94M	USD	Point-in-time
Cash and cash equivalents, end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$13.05M	USD	Point-in-time

Stockholders Equity 21 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$62.23M	USD	Point-in-time
Balance	`StockholdersEquity`	$68.10M	USD	Point-in-time
Balance	`StockholdersEquity`	$62.73M	USD	Point-in-time
Balance (in shares)	`CommonStockSharesIssued`	194.91M	shares	Point-in-time
Balance (in shares)	`CommonStockSharesIssued`	194.91M	shares	Point-in-time
Stock based compensation-option	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$167.27K	USD	Annual
Stock based compensation-option	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$90.91K	USD	Annual
Stock based compensation-DSU	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationDeferredShareUnitPlan`	$367.85K	USD	Annual
Stock based compensation-DSU	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationDeferredShareUnitPlan`	$294.62K	USD	Annual
Exchange difference on translating foreign operations	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent`	$185.22K	USD	Annual
Exchange difference on translating foreign operations	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent`	$68.89K	USD	Annual
At-The-Market offering	`StockIssuedDuringPeriodValueNewIssues`	$10.30M	USD	Annual
At-The-Market offering (in shares)	`StockIssuedDuringPeriodSharesNewIssues`	0.00	shares	Annual
Share issuance costs	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$480.95K	USD	Annual
Net loss	`NetIncomeLoss`	$-4.52M	USD	Annual
Net loss	`NetIncomeLoss`	$-5.98M	USD	Annual
Balance	`StockholdersEquity`	$62.23M	USD	Point-in-time
Balance	`StockholdersEquity`	$68.10M	USD	Point-in-time
Balance	`StockholdersEquity`	$62.73M	USD	Point-in-time
Balance (in shares)	`CommonStockSharesIssued`	194.91M	shares	Point-in-time
Balance (in shares)	`CommonStockSharesIssued`	194.91M	shares	Point-in-time

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