Gold Reserve (GDRZF) 6-K 5 Aug 22 Gold Reserve Form 6-K Financial data

Cover

Cover	6 Months Ended
	Jun. 30, 2022
Cover [Abstract]
Document Type	6-K
Amendment Flag	false
Document Period End Date	Jun. 30, 2022
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2022
Current Fiscal Year End Date	--12-31
Entity Registrant Name	Gold Reserve Inc.
Entity Central Index Key	0001072725
Entity Emerging Growth Company	false

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Jun. 30, 2022	Dec. 31, 2021
Current Assets:
Cash and cash equivalents (Note 3)	$ 46,000,001	$ 49,117,630
Marketable securities (Note 4)	160,041	105,218
Income tax receivable (Note 9)	8,091,104	8,682,839
Prepaid expense and other	1,107,405	506,663
Total current assets	55,358,551	58,412,350
Property, plant and equipment, net (Note 5)	2,100,392	2,153,678
Right of use asset	26,926	74,415
Total assets	57,485,869	60,640,443
Current Liabilities:
Accounts payable and accrued expenses (Notes 2 and 8)	601,841	473,226
Severance accrual	547,427
Lease liability	27,819	77,093
Contingent value rights (Note 2)	60,242	60,242
Total current liabilities	1,237,329	610,561
Total liabilities	$ 1,237,329	610,561
Preferred Stock, Shares Issued	0
Common shares	$ 302,679,682	302,679,682
Contributed surplus	20,625,372	20,625,372
Stock options (Note 8)	23,409,987	23,402,083
Accumulated deficit	(290,466,501)	(286,677,255)
Total shareholders' equity	56,248,540	60,029,882
Total liabilities and shareholders' equity	$ 57,485,869	$ 60,640,443

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - shares	Jun. 30, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Common Stock, Shares, Issued	99,547,710	99,547,710

Consolidated Statements of Oper

Consolidated Statements of Operations and Comprehensive Loss - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
INCOME (LOSS)
Interest income	$ 63,082	$ 6,650	$ 75,180	$ 16,754
Gain on marketable equity securities	34,024	2,404	54,823	43,407
Gain on sale of equipment (Note 5)		78,277		78,277
Foreign currency gain (loss)	(56,352)	8,085	(45,873)	16,386
Total Income	40,754	95,416	84,130	154,824
EXPENSES
Corporate general and administrative (Notes 2 and 8)	1,757,301	1,157,160	2,659,359	2,272,959
Siembra Minera Project and related costs (Note 6)		313,938	223,237	592,405
Exploration costs	8,199	15,950	16,388	39,469
Legal and accounting	449,871	231,595	848,477	553,048
Arbitration and settlement (Note 2)	32,237	33,605	50,414	113,909
Equipment holding costs	37,005	88,241	75,501	202,384
Total Expense	2,284,613	1,840,489	3,873,376	3,774,174
Net loss and comprehensive loss for the period	$ (2,243,859)	$ (1,745,073)	$ (3,789,246)	$ (3,619,350)
Net loss per share, basic and diluted	$ (0.02)	$ (0.02)	$ (0.04)	$ (0.04)
Weighted average common shares outstanding,     basic and diluted	99,547,710	99,433,633	99,547,710	99,414,447

Consolidated Statements of Chan

Consolidated Statements of Changes in Shareholders' Equity - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Deferred Compensation, Share-Based Payments [Member]	Retained Earnings [Member]	Total
Beginning balance, value at Dec. 31, 2020	$ 302,469,647	$ 20,625,372	$ 21,409,668	$ (276,080,463)
Common Stock, Shares, Outstanding, Beginning Balance at Dec. 31, 2020	99,395,048
Net loss for the period				(3,619,350)	$ (3,619,350)
Stock option compensation (Note 8)			58,928		$ 58,928
Share issuance	210,035
Stock Issued During Period, Shares, New Issues					152,662
Ending balance, value at Jun. 30, 2021	$ 302,679,682	20,625,372	21,468,596	(279,699,813)
Common Stock, Shares, Outstanding, Ending Balance at Jun. 30, 2021	99,547,710
Beginning balance, value at Mar. 31, 2021	$ 302,469,647	20,625,372	21,456,674	(277,954,740)
Common Stock, Shares, Outstanding, Beginning Balance at Mar. 31, 2021	99,395,048
Net loss for the period				(1,745,073)	$ (1,745,073)
Stock option compensation (Note 8)			11,922		$ 11,922
Share issuance	210,035
Stock Issued During Period, Shares, New Issues					152,662
Ending balance, value at Jun. 30, 2021	$ 302,679,682	20,625,372	21,468,596	(279,699,813)
Common Stock, Shares, Outstanding, Ending Balance at Jun. 30, 2021	99,547,710
Beginning balance, value at Dec. 31, 2021	$ 302,679,682	20,625,372	23,402,083	(286,677,255)	$ 60,029,882
Common Stock, Shares, Outstanding, Beginning Balance at Dec. 31, 2021	99,547,710
Net loss for the period				(3,789,246)	(3,789,246)
Stock option compensation (Note 8)			7,904		7,904
Ending balance, value at Jun. 30, 2022	$ 302,679,682	20,625,372	23,409,987	(290,466,501)	56,248,540
Common Stock, Shares, Outstanding, Ending Balance at Jun. 30, 2022	99,547,710
Beginning balance, value at Mar. 31, 2022	$ 302,679,682	20,625,372	23,406,013	(288,222,642)
Common Stock, Shares, Outstanding, Beginning Balance at Mar. 31, 2022	99,547,710
Net loss for the period				(2,243,859)	(2,243,859)
Stock option compensation (Note 8)			3,974		3,974
Ending balance, value at Jun. 30, 2022	$ 302,679,682	$ 20,625,372	$ 23,409,987	$ (290,466,501)	$ 56,248,540
Common Stock, Shares, Outstanding, Ending Balance at Jun. 30, 2022	99,547,710

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Cash Flows from Operating Activities:
Net loss for the period	$ (2,243,859)	$ (1,745,073)	$ (3,789,246)	$ (3,619,350)
Adjustments to reconcile net loss to net cash used in operating activities:
Stock option compensation	3,974	11,922	7,904	58,928
Depreciation	26,570	26,598	53,286	53,195
Gain on marketable equity securities	(34,024)	(2,404)	(54,823)	(43,407)
Gain on sale of equipment		(78,277)		(78,277)
Changes in non-cash working capital:
Decrease in income tax receivable	591,735		591,735
Net increase in prepaid expense   and other	(892,731)	(845,698)	(600,742)	(572,897)
Net increase (decrease) in payables   and accrued expenses	525,853	(106,433)	674,257	(48,505)
Net cash used in operating activities	(2,022,482)	(2,739,365)	(3,117,629)	(4,250,313)
Cash Flows from Investing Activities:
Proceeds from sale of property, plant and equipment		167,459		167,459
Net cash provided by investing activities		167,459		167,459
Cash Flows from Financing Activities:
Net cash used in financing activities
Change in Cash and Cash Equivalents:
Net decrease in cash and cash equivalents	(2,022,482)	(2,571,906)	(3,117,629)	(4,082,854)
Cash and cash equivalents - beginning of period	48,022,483	55,904,402	49,117,630	57,415,350
Cash and cash equivalents - end of period	$ 46,000,001	$ 53,332,496	$ 46,000,001	$ 53,332,496

The Company and Significant Acc

The Company and Significant Accounting Policies:	6 Months Ended
	Jun. 30, 2022
Accounting Policies [Abstract]
The Company and Significant Accounting Policies:	Note 1. The Company and Significant Accounting Policies: Gold Reserve Inc. ("Gold Reserve," the "Company," "we," "us," or "our") is engaged in the business of evaluating, acquiring, exploring and developing mining projects and was incorporated in 1998 under the laws of the Yukon Territory, Canada and continued to Alberta, Canada in September 2014. Gold Reserve Inc. is the successor issuer to Gold Reserve Corporation which was incorporated in 1956. Management's primary activities have included: the advancement of the Siembra Minera project (the "Siembra Minera Project") (including the related social and humanitarian efforts) and corporate and legal activities associated with the collection of the unpaid balance of the Award and the Resolution (as defined herein) of the Bolivarian Republic of Venezuela (“Venezuela”) Ministry of Mines to revoke the mining rights in connection with the Siembra Minera Project, along with planned activities if there is a successful appeal or other outcome of such Resolution. The U.S. and Canadian governments have imposed various sanctions targeting Venezuela (the "Sanctions"). The Sanctions, in aggregate, essentially prevent any dealings with Venezuelan government or state-owned or controlled entities and prohibit directors, management and employees of the Company who are U.S. Persons from dealing with certain Venezuelan individuals or entering into certain transactions. The Sanctions imposed by the U.S. government generally block all property of the government of Venezuela and prohibit directors, management and employees of the Company who are U.S. Persons (as defined by U.S. Sanction statutes) from dealing with the Venezuelan government and/or state-owned/controlled entities, entering into certain transactions or dealing with Specially Designated Nationals ("SDNs") and target corruption in, among other identified sectors, the gold sector of the Venezuelan economy, The Sanctions imposed by the Canadian government include asset freezes and prohibitions on dealings with certain named Venezuelan officials under the Special Economic Measures (Venezuela) Regulations of the Special Economic Measures Act Justice for Victims of Corrupt Foreign Officials Regulations Justice for Victims of Corrupt Foreign Officials Act (Sergei Magnitsky Law) The cumulative impact of the Sanctions continues to restrict the Company from working with those Venezuelan government officials responsible for the payment and transfer of funds associated with the Settlement Agreement (defined below) as well as the Resolution which adversely impacts our ability to collect the remaining balance of the Award plus interest and/or amounts due pursuant to the Settlement Agreement from Venezuela and/or pursuing remedies with respect to the Resolution. Even if we are successful in appealing the Resolution by the Venezuelan Ministry of Mines to revoke the mining rights in connection with the Siembra Minera Project, the Sanctions continue to restrict the Company from working with those Venezuelan government officials responsible for the operation of Siembra Minera (as defined herein) and the development of the Siembra Minera Project and, until Sanctions are lifted, would obstruct any ability for us to develop the Siembra Minera Project as originally planned. Basis of Presentation and Principles of Consolidation 55 45 Cash and Cash Equivalents Exploration and Development Cost Property, Plant and Equipment Impairment of Long-Lived Assets . Foreign Currency Stock Based Compensation Income Taxes Uncertain Tax Positions Use of Estimates Net Income (Loss) Per Share Marketable Securities Equity accounted investments Financial Instruments

Arbitral Award, Settlement Agre

Arbitral Award, Settlement Agreement and Mining Data Sale:	6 Months Ended
	Jun. 30, 2022
Arbitral Award Settlement Agreement And Mining Data Sale
Arbitral Award, Settlement Agreement and Mining Data Sale:	Note 2. Arbitral Award, Settlement Agreement and Mining Data Sale: In October 2009 we initiated a claim (the "Brisas Arbitration") under the Additional Facility Rules of the International Centre for the Settlement of Investment Disputes ("ICSID") to obtain compensation for the losses caused by the actions of Venezuela that terminated our previous mining project known as the "Brisas Project." On September 22, 2014, we were granted an Arbitral Award (the "Award") totaling $740.3 In July 2016, we signed the Settlement Agreement, subsequently amended, whereby Venezuela agreed among other things to pay us a total of approximately $ 1.032 792 240 To date, the Company has received payments of approximately $ 254 942 164 The interest rate provided for on any unpaid amounts pursuant to the Award is specified as LIBOR plus two percent. With the phase out of LIBOR, if and when it is possible to engage with the Venezuelan government, we expect that, if necessary, we will either come to an agreement with Venezuela as to an appropriate replacement or, alternatively, petition the court responsible for the enforcement of our Award judgement to rule on a new interest rate benchmark. In addition to other constraints, the Sanctions restrict the Company from working with those Venezuelan government officials responsible for the payment and transfer of funds associated with the Settlement Agreement which adversely impacts our ability to collect the remaining balance of the Award plus interest and/or amounts due pursuant to the Settlement Agreement from Venezuela. The Company, with counsels’ assistance, continues to evaluate and pursue various options in regard to the Award and the Settlement Agreement. We have Contingent Value Rights ("CVRs") outstanding that entitle the holders to an aggregate of 5.466 As of June 30, 2022, the total cumulative obligation payable pursuant to the terms of the CVR from the sale of the Mining Data and collection of the Award was approximately $ 10 60,000 We maintain a bonus plan (the "Bonus Plan") which is intended to compensate the participants, including executive officers, employees, directors and consultants for their past and present contributions to the Company. The bonus pool under the Bonus Plan is comprised of the gross proceeds collected or the fair value of any consideration realized less applicable taxes multiplied by 1.28 6.4 4.4 70,000 Due to U.S. and Canadian Sanctions and the uncertainty of transferring the remaining amounts due from Venezuela to bank accounts outside of Venezuela, management only considers those funds received by the Company into its North American bank accounts as funds available for purposes of the CVR and Bonus Plan cash distributions. Following receipt, if any, of additional funds pursuant to the Settlement Agreement and after applicable payments to CVR holders and Bonus Plan participants, we expect to distribute to our shareholders a substantial majority of any remaining amounts, subject to applicable regulatory requirements and retaining sufficient reserves for operating expenses, contractual obligations, accounts payable and income taxes, and any obligations arising as a result of the collection of the remaining amount owed by Venezuela.

Cash and Cash Equivalents_

Cash and Cash Equivalents:	6 Months Ended
	Jun. 30, 2022
Cash and Cash Equivalents [Abstract]
Cash and Cash Equivalents:	Note 3. Cash and Cash Equivalents: Cash and Cash Equivalents June 30, December 31, 2022 2021 Bank deposits $ 1,555,144 $ 1,846,842 Short term investments 44,444,857 47,270,788 Total $ 46,000,001 $ 49,117,630 Short term investments include money market funds and U.S. treasury bills which mature in three months or less.

Marketable Securities_

Marketable Securities:	6 Months Ended
	Jun. 30, 2022
Investments, All Other Investments [Abstract]
Marketable Securities:	Note 4. Marketable Securities: June 30, December 31, Schedule of Marketable Securities Value 2022 2021 Equity securities Fair value and carrying value at beginning of period $ 105,218 $ 83,575 Increase in fair value 54,823 21,643 Fair value and carrying value at balance sheet date $ 160,041 $ 105,218 Marketable equity securities are classified as trading securities and accounted for at fair value, based on quoted market prices with unrealized gains or losses recorded in the Consolidated Statements of Operations. Accounting Standards Codification ("ASC") 820 establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value into three broad levels: Level 1 inputs are quoted prices in active markets for identical assets or liabilities, Level 2 inputs are inputs other than quoted prices included within Level 1 that are directly or indirectly observable for the asset or liability and Level 3 inputs are unobservable inputs for the asset or liability that reflect the entity's own assumptions. The fair values of the Company's marketable equity securities as at the balance sheet date are based on Level 1 inputs.

Property, Plant and Equipment_

Property, Plant and Equipment:	6 Months Ended
	Jun. 30, 2022
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment:	Note 5. Property, Plant and Equipment: Accumulated Cost Depreciation Net June 30, 2022 Machinery and equipment $ 1,602,133 $ – $ 1,602,133 Furniture and office equipment 423,813 (340,613) 83,200 Transportation equipment 326,788 (263,374) 63,414 Leasehold improvements 29,390 (27,745) 1,645 Mineral property 350,000 – 350,000 $ 2,732,124 $ (631,732) $ 2,100,392 Accumulated Cost Depreciation Net December 31, 2021 Machinery and equipment $ 1,602,133 $ – $ 1,602,133 Furniture and office equipment 423,813 (322,389) 101,424 Transportation equipment 326,788 (230,695) 96,093 Leasehold improvements 29,390 (25,362) 4,028 Mineral property 350,000 – 350,000 $ 2,732,124 $ (578,446) $ 2,153,678 Machinery and equipment consists of a semi-autogenous grinding (SAG) mill shell and minor infrastructure equipment originally intended for use on the Brisas Project. We evaluate our equipment and mineral property to determine whether events or changes in circumstances have occurred that may indicate that the carrying amount may not be recoverable. We regularly obtain comparable market data for similar equipment as evidence that our equipment’s fair value less cost to sell is in excess of the carrying amount. No impairment write-downs of property, plant and equipment were recorded during the six months ended June 30, 2022 and 2021. During the second quarter of 2021, we sold certain equipment and recorded a gain on sale of $ 78,277

Empresa Mixta Ecosocialista Sie

Empresa Mixta Ecosocialista Siembra Minera, S.A.:	6 Months Ended
	Jun. 30, 2022
Empresa Mixta Ecosocialista Siembra Minera S.a.
Empresa Mixta Ecosocialista Siembra Minera, S.A.:	Note 6. Empresa Mixta Ecosocialista Siembra Minera, S.A.: In August 2016, we executed the Contract for the Incorporation and Administration of the Mixed Company with the government of Venezuela and in October 2016, together with an affiliate of the government of Venezuela, we incorporated Siembra Minera by subscribing for shares in Siembra Minera for a nominal amount. The primary purpose of this entity is to develop the Siembra Minera Project. Siembra Minera is beneficially owned 55% by Corporacion Venezolana de Mineria, S.A., a Venezuelan government corporation, and 45% by Gold Reserve. Siembra Minera was granted by the government of Venezuela certain gold, copper, silver and other strategic mineral rights (primarily comprised of the historical Brisas and Cristinas areas) contained within Bolivar State comprising the Siembra Minera Project. In March 2022, the Ministry of Mines of Venezuela (“Ministry”) issued a resolution to revoke the mining rights of Siembra Minera for alleged non-compliance by Siembra Minera with certain Venezuelan mining regulations (the “Resolution”). Siembra Minera filed a reconsideration request in May 2022 which was denied by the Ministry. The Company disagrees with both the substantive and procedural grounds claimed by the Venezuelan government regarding the revocation of mining rights and the reconsideration request. We are evaluating all legal rights and remedies that are available to us under Venezuelan and other laws, under the Settlement Agreement and otherwise including the right to appeal or otherwise contest the Resolution with various Venezuelan authorities, including the Venezuelan Supreme Court of Justice. Even if the Resolution is successfully annulled, the Sanctions, along with other constraints, could adversely impact our ability to finance, develop and operate the Siembra Minera Project or collect or repatriate sums under the Settlement Agreement. Project expenditures incurred in 2022 and 2021 primarily related to costs associated with the retention of technical consultants and, to a lesser degree, work related to compliance and reporting obligations, maintenance of the technical data base, and costs of social work programs. The Company directly incurred the costs associated with the Siembra Minera Project which, beginning in 2016 through March 31, 2022, amounted to a total of approximately $ 22.9 $0.2

401(k) Plan_

401(k) Plan:	6 Months Ended
	Jun. 30, 2022
K Plan
401(k) Plan:	Note 7. 401(k) Plan: The 401(k) Plan, formerly entitled the KSOP Plan, was originally adopted in 1990 and was most recently restated effective January 1, 2021. The purpose of the 401(k) Plan is to offer retirement benefits to eligible employees of the Company. The 401(k) Plan provides for a salary deferral, a non-elective contribution of 3% of each eligible Participant’s annual compensation and discretionary contributions. Allocation of Class A common shares or cash to participants' accounts, subject to certain limitations, is at the discretion of the Board. Cash contributions for the 2021 plan year were approximately $ 163,000

Stock Based Compensation Plans_

Stock Based Compensation Plans:	6 Months Ended
	Jun. 30, 2022
Share-Based Payment Arrangement [Abstract]
Stock Based Compensation Plans:	Note 8. Stock Based Compensation Plans: Equity Incentive Plan The Company's equity incentive plan provides for the grant of stock options to purchase the Company’s Class A common shares. During the second quarter of 2021, the number of shares available under the plan was increased to a maximum of 9,939,500 2,721,107 Stock option transactions for the six months ended June 30, 2022 and 2021 are as follows: 2022 2021 Shares Weighted Average Exercise Price Shares Weighted Average Exercise Price Options outstanding - beginning of period 7,218,393 $ 2.08 4,629,565 $ 2.36 Options granted - - 50,000 1.61 Options expired - - (444,922) 1.85 Options outstanding - end of period 7,218,393 $ 2.08 4,234,643 $ 2.41 Options exercisable - end of period 7,173,391 $ 2.08 4,144,642 $ 2.43 The following table relates to stock options at June 30, 2022: Outstanding Options Exercisable Options Exercise Price Number Weighted Average Exercise Price Aggregate Intrinsic Value Weighted Average Remaining Contractual Term (Years) Number Weighted Average Exercise Price Aggregate Intrinsic Value Weighted Average Remaining Contractual Term (Years) $ 1.60 1.60 2,983,750 $ 1.60 $ 0 9.26 2,983,750 $ 1.60 $ 0 9.26 $ 1.61 1.93 435,000 $ 1.77 0 7.28 389,998 $ 1.78 0 7.17 $ 2.39 2.39 3,369,643 $ 2.39 0 4.63 3,369,643 $ 2.39 0 4.63 $ 3.15 3.26 430,000 $ 3.21 0 2.46 430,000 $ 3.21 0 2.46 $ 1.60 3.26 7,218,393 $ 2.08 $ 0 6.58 7,173,391 $ 2.08 $ 0 6.57 The Company granted NIL and 50,000 7,904 58,928 The weighted average fair value of the options granted during the six months ended June 30, 2021 was calculated as $ 0.70 Risk free interest rate 0.46 Expected term 5.0 Expected volatility 51 Dividend yield 0 The risk free interest rate is based on the US Treasury rate on the date of grant for a period equal to the expected term of the option. The expected term is based on historical exercise experience and projected post-vesting behavior. The expected volatility is based on historical volatility of our common stock over a period equal to the expected term of the option. Change of Control Agreements The Company maintains change of control agreements with certain officers and employees. A Change of Control is generally defined as one or more of the following: the acquisition by any individual, entity or group, of beneficial ownership of 25 percent of the voting power of the Company’s outstanding Common Shares; a change in the composition of the Board that causes less than a majority of the current directors of the Board to be members of the incoming board; reorganization, merger or consolidation or sale or other disposition of all or substantially all of the assets of the Company; liquidation or dissolution of the Company; or any other event the Board reasonably determines constitutes a Change of Control. As of June 30, 2022, the amount payable under the change of control agreements, in the event of a Change of Control, was approximately $ 6.4 Milestone bonuses The Company implemented an incentive bonus plan in the fourth quarter of 2021 which involves senior management whose cash compensation was reduced as part of a three-year cost reduction program. The plan provides for the payment of a bonus upon the achievement of specific objectives related to the development of the Company’s business and prospects in Venezuela within certain time frames. As of June 30, 2022, the estimated maximum amount payable under the plan in the event of the achievement of the specific objectives was approximately $ 3.2 0.5

Income Tax_

Income Tax:	6 Months Ended
	Jun. 30, 2022
Income Tax Disclosure [Abstract]
Income Tax:	Note 9. Income Tax: Income tax benefit for the six months ended June 30, 2022 and 2021 differs from the amount that would result from applying Canadian tax rates to net loss before taxes. These differences result from the items noted below: 2022 2021 Amount % Amount % Income tax benefit based on Canadian tax rates $ 947,312 25 $ 904,838 25 Decrease due to: Different tax rates on foreign subsidiaries (151,715) (4) (159,342) (4) Non-deductible expenses (2,701) - (12,827) (1) Change in valuation allowance and other (792,896) (21) (732,669) (20) $ 0 0 $ 0 0 No current income tax was recorded by the Company during the six months ended June 30, 2022 and 2021. The Company recorded a valuation allowance to reflect the estimated amount of the deferred tax assets which may not be realized, principally due to the uncertainty of utilization of net operating losses and other carry forwards prior to expiration. The valuation allowance for deferred tax assets may be reduced if our estimate of future taxable income changes. As part of the US government response to the COVID-19 pandemic, the U.S. Congress passed the CARES act in late March 2020 which, among other things, allowed companies to carryback losses incurred in 2018, 2019 and 2020. The Company recorded an income tax benefit in prior years to reflect the carryback of U.S. taxable losses incurred in 2020 and 2019 to offset taxable income in 2018. The Company has an income tax receivable of $ 8.1 $0.6 The components of the Canadian and U.S. deferred income tax assets and liabilities as of June 30, 2022 and December 31, 2021 were as follows: June 30, December 31, 2022 2021 Deferred income tax assets Net operating loss carry forwards $ 40,489,929 $ 40,045,479 Property, Plant and Equipment 2,023,750 2,023,434 Other 1,526,724 1,537,637 Total deferred income tax asset 44,040,403 43,606,550 Valuation allowance (44,000,925) (43,557,562) Deferred income tax assets net of valuation allowance $ 39,478 $ 48,988 Deferred income tax liabilities Other (39,478) (48,988) Net deferred income tax asset $ - $ - At June 30, 2022, we had the following U.S. and Canadian tax loss carry forwards stated in U.S. dollars. U.S. Canadian Expires $ $ 2,030,402 2026 3,768,163 2027 14,362,518 2028 13,611,465 2029 16,816,208 2030 18,830,259 2031 5,463,457 2032 7,942,742 2033 9,202,870 2034 13,136,418 2035 15,617,819 2036 11,777,978 2037 1,127,120 2038 2,937,598 2039 4,366,612 15,806,627 1,785,171 2040 2041 2042 4,019,393 - $ 4,019,393 $ 158,583,427

The Company and Significant A_2

The Company and Significant Accounting Policies: (Policies)	6 Months Ended
	Jun. 30, 2022
Accounting Policies [Abstract]
Basis of Presentation and Principles of Consolidation	Basis of Presentation and Principles of Consolidation 55 45
Cash and Cash Equivalents	Cash and Cash Equivalents
Exploration and Development Cost	Exploration and Development Cost
Property, Plant and Equipment	Property, Plant and Equipment
Impairment of Long-Lived Assets	Impairment of Long-Lived Assets .
Foreign Currency	Foreign Currency
Stock Based Compensation	Stock Based Compensation
Income Taxes	Income Taxes
Uncertain Tax Positions	Uncertain Tax Positions
Use of Estimates	Use of Estimates
Net Income (Loss) Per Share	Net Income (Loss) Per Share
Marketable Securities	Marketable Securities
Equity accounted investments	Equity accounted investments
Financial Instruments	Financial Instruments

Cash and Cash Equivalents_ (Tab

Cash and Cash Equivalents: (Tables)	6 Months Ended
	Jun. 30, 2022
Cash and Cash Equivalents [Abstract]
Cash and Cash Equivalents	Cash and Cash Equivalents June 30, December 31, 2022 2021 Bank deposits $ 1,555,144 $ 1,846,842 Short term investments 44,444,857 47,270,788 Total $ 46,000,001 $ 49,117,630 Short term investments include money market funds and U.S. treasury bills which mature in three months or less.

Marketable Securities_ (Tables)

Marketable Securities: (Tables)	6 Months Ended
	Jun. 30, 2022
Investments, All Other Investments [Abstract]
Schedule of Marketable Securities Value	June 30, December 31, Schedule of Marketable Securities Value 2022 2021 Equity securities Fair value and carrying value at beginning of period $ 105,218 $ 83,575 Increase in fair value 54,823 21,643 Fair value and carrying value at balance sheet date $ 160,041 $ 105,218

Property, Plant and Equipment_

Property, Plant and Equipment: (Tables)	6 Months Ended
	Jun. 30, 2022
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment [Table Text Block]	Accumulated Cost Depreciation Net June 30, 2022 Machinery and equipment $ 1,602,133 $ – $ 1,602,133 Furniture and office equipment 423,813 (340,613) 83,200 Transportation equipment 326,788 (263,374) 63,414 Leasehold improvements 29,390 (27,745) 1,645 Mineral property 350,000 – 350,000 $ 2,732,124 $ (631,732) $ 2,100,392 Accumulated Cost Depreciation Net December 31, 2021 Machinery and equipment $ 1,602,133 $ – $ 1,602,133 Furniture and office equipment 423,813 (322,389) 101,424 Transportation equipment 326,788 (230,695) 96,093 Leasehold improvements 29,390 (25,362) 4,028 Mineral property 350,000 – 350,000 $ 2,732,124 $ (578,446) $ 2,153,678 Machinery and equipment consists of a semi-autogenous grinding (SAG) mill shell and minor infrastructure equipment originally intended for use on the Brisas Project. We evaluate our equipment and mineral property to determine whether events or changes in circumstances have occurred that may indicate that the carrying amount may not be recoverable. We regularly obtain comparable market data for similar equipment as evidence that our equipment’s fair value less cost to sell is in excess of the carrying amount. No impairment write-downs of property, plant and equipment were recorded during the six months ended June 30, 2022 and 2021. During the second quarter of 2021, we sold certain equipment and recorded a gain on sale of $ 78,277

Stock Based Compensation Plan_2

Stock Based Compensation Plans: (Tables)	6 Months Ended
	Jun. 30, 2022
Share-Based Payment Arrangement [Abstract]
Stock Option Transactions	2022 2021 Shares Weighted Average Exercise Price Shares Weighted Average Exercise Price Options outstanding - beginning of period 7,218,393 $ 2.08 4,629,565 $ 2.36 Options granted - - 50,000 1.61 Options expired - - (444,922) 1.85 Options outstanding - end of period 7,218,393 $ 2.08 4,234,643 $ 2.41 Options exercisable - end of period 7,173,391 $ 2.08 4,144,642 $ 2.43
Stock Options Oustanding and Exercisable	Outstanding Options Exercisable Options Exercise Price Number Weighted Average Exercise Price Aggregate Intrinsic Value Weighted Average Remaining Contractual Term (Years) Number Weighted Average Exercise Price Aggregate Intrinsic Value Weighted Average Remaining Contractual Term (Years) $ 1.60 1.60 2,983,750 $ 1.60 $ 0 9.26 2,983,750 $ 1.60 $ 0 9.26 $ 1.61 1.93 435,000 $ 1.77 0 7.28 389,998 $ 1.78 0 7.17 $ 2.39 2.39 3,369,643 $ 2.39 0 4.63 3,369,643 $ 2.39 0 4.63 $ 3.15 3.26 430,000 $ 3.21 0 2.46 430,000 $ 3.21 0 2.46 $ 1.60 3.26 7,218,393 $ 2.08 $ 0 6.58 7,173,391 $ 2.08 $ 0 6.57

Income Tax_ (Tables)

Income Tax: (Tables)	6 Months Ended
	Jun. 30, 2022
Income Tax Disclosure [Abstract]
Income tax benefit based on Canadian tax rates	Income tax benefit for the six months ended June 30, 2022 and 2021 differs from the amount that would result from applying Canadian tax rates to net loss before taxes. These differences result from the items noted below: 2022 2021 Amount % Amount % Income tax benefit based on Canadian tax rates $ 947,312 25 $ 904,838 25 Decrease due to: Different tax rates on foreign subsidiaries (151,715) (4) (159,342) (4) Non-deductible expenses (2,701) - (12,827) (1) Change in valuation allowance and other (792,896) (21) (732,669) (20) $ 0 0 $ 0 0 No current income tax was recorded by the Company during the six months ended June 30, 2022 and 2021. The Company recorded a valuation allowance to reflect the estimated amount of the deferred tax assets which may not be realized, principally due to the uncertainty of utilization of net operating losses and other carry forwards prior to expiration. The valuation allowance for deferred tax assets may be reduced if our estimate of future taxable income changes. As part of the US government response to the COVID-19 pandemic, the U.S. Congress passed the CARES act in late March 2020 which, among other things, allowed companies to carryback losses incurred in 2018, 2019 and 2020. The Company recorded an income tax benefit in prior years to reflect the carryback of U.S. taxable losses incurred in 2020 and 2019 to offset taxable income in 2018. The Company has an income tax receivable of $ 8.1 $0.6 The components of the Canadian and U.S. deferred income tax assets and liabilities as of June 30, 2022 and December 31, 2021 were as follows: June 30, December 31, 2022 2021 Deferred income tax assets Net operating loss carry forwards $ 40,489,929 $ 40,045,479 Property, Plant and Equipment 2,023,750 2,023,434 Other 1,526,724 1,537,637 Total deferred income tax asset 44,040,403 43,606,550 Valuation allowance (44,000,925) (43,557,562) Deferred income tax assets net of valuation allowance $ 39,478 $ 48,988 Deferred income tax liabilities Other (39,478) (48,988) Net deferred income tax asset $ - $ - At June 30, 2022, we had the following U.S. and Canadian tax loss carry forwards stated in U.S. dollars. U.S. Canadian Expires $ $ 2,030,402 2026 3,768,163 2027 14,362,518 2028 13,611,465 2029 16,816,208 2030 18,830,259 2031 5,463,457 2032 7,942,742 2033 9,202,870 2034 13,136,418 2035 15,617,819 2036 11,777,978 2037 1,127,120 2038 2,937,598 2039 4,366,612 15,806,627 1,785,171 2040 2041 2042 4,019,393 - $ 4,019,393 $ 158,583,427

The Company and Significant A_3

The Company and Significant Accounting Policies: (Details Narrative)	Jun. 30, 2022
Accounting Policies [Abstract]
Siembra Minera beneficial ownership by Venezuela	55%
Siembra Minera beneficial ownership by Company	45%

Arbitral Award, Settlement Ag_2

Arbitral Award, Settlement Agreement and Mining Data Sale: (Details Narrative)	Jun. 30, 2022 USD ($)
Arbitral Award Settlement Agreement And Mining Data Sale
Total Award	$ 740,300,000
Settlement Agreement	1,032,000,000
[custom:VenezuelaAgreedToPayForAward-0]	792,000,000
Venezuela Agreed To Pay For Mining Data	240,000,000
Payments Made Pursuant To Settlement Agreement	254,000,000
Amount Due And Unpaid Including Interest	942,000,000
Interest Due	$ 164,000,000
Amount Of Proceeds Cvr Holders Entitled To	5.466%
Cumulative Amount Paid To Cvr Holders	$ 10,000,000
Increase In Obligation To Cvr Holders	$ 60,000
Bonus Percentage Of First Two Hundred Million Collected	1.28%
Bonus Percentage Thereafter	6.40%
Cumulative Amount Paid To Bonus Plan Participants	$ 4,400,000
Increase In Obligation To Bonus Plan Participants	$ 70,000

Cash and Cash Equivalents (Deta

Cash and Cash Equivalents (Details) - USD ($)	Jun. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020
Cash and Cash Equivalents [Abstract]
Bank deposits	$ 1,555,144		$ 1,846,842
Short term investments	44,444,857		47,270,788
Total	$ 46,000,001	$ 48,022,483	$ 49,117,630	$ 53,332,496	$ 55,904,402	$ 57,415,350

Marketable Securities (Details)

Marketable Securities (Details) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2022	Dec. 31, 2021
Investments, All Other Investments [Abstract]
Fair value and carrying value at beginning of period	$ 105,218	$ 83,575
Increase in fair value	54,823	21,643
Fair value and carrying value at balance sheet date	$ 160,041	$ 105,218

Property, Plant, and Equipment

Property, Plant, and Equipment (Details) - USD ($)	Jun. 30, 2022	Dec. 31, 2021
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Net, Total	$ 2,100,392	$ 2,153,678
Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Machinery and Equipment, Gross	1,602,133	1,602,133
[custom:MachineryAndEquipmentNet-0]	1,602,133	1,602,133
Accumulated Depreciation Machinery And Equipment [Member]
Property, Plant and Equipment [Line Items]
[custom:AccumulatedDepreciationMachineryAndEquipment-0]
Office Equipment [Member]
Property, Plant and Equipment [Line Items]
Furniture and Fixtures, Gross	423,813	423,813
[custom:FurnitureAndFixturesNet-0]	83,200	101,424
Accumulated Depreciation Office Equipment [Member]
Property, Plant and Equipment [Line Items]
[custom:AccumulatedDepreciationFurnitureAndFixtures-0]	(340,613)	(322,389)
Transportation Equipment [Member]
Property, Plant and Equipment [Line Items]
[custom:TransportationEquipmentGross-0]	326,788	326,788
[custom:TransportationEquipmentNet-0]	63,414	96,093
Accumulated Depreciation Transportation Equipment [Member]
Property, Plant and Equipment [Line Items]
[custom:AccumulatedDepreciationTransportationEquipment-0]	(263,374)	(230,695)
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Leasehold Improvements, Gross	29,390	29,390
[custom:LeaseholdImprovementsNet-0]	1,645	4,028
Accumulated Depreciation Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
[custom:AccumulatedDepreciationLeaseholdImprovements-0]	(27,745)	(25,362)
Mineral Property [Member]
Property, Plant and Equipment [Line Items]
[custom:MineralPropertyGross-0]	350,000	350,000
[custom:MineralPropertyNet-0]	350,000	350,000
Accumulated Depreciation Mineral Property [Member]
Property, Plant and Equipment [Line Items]
[custom:AccumulatedDepreciationMineralProperty-0]
Property, Plant and Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross, Total	2,732,124	2,732,124
Property, Plant and Equipment, Net, Total	2,100,392	2,153,678
Accumulated Depreciation [Member]
Property, Plant and Equipment [Line Items]
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment	$ (631,732)	$ (578,446)

Property, Plant and Equipment_2

Property, Plant and Equipment: (Details Narrative)	6 Months Ended
	Jun. 30, 2021 USD ($)
Property, Plant and Equipment [Abstract]
[custom:GainOnDispositionOfEquipment]	$ 78,277

Empresa Mixta Ecosocialista S_2

Empresa Mixta Ecosocialista Siembra Minera, S.A.: (Details Narrative) $ in Millions	Jun. 30, 2022 USD ($)
Empresa Mixta Ecosocialista Siembra Minera S.a.
[custom:SiembraMineraCostsToDate-0]	$ 22.9
[custom:CostsPreviouslyClassifiedAsSiembraMinera-0]	$ 0.2

401(k) Plan_ (Details Narrative

401(k) Plan: (Details Narrative)	12 Months Ended
	Dec. 31, 2021 USD ($)
K Plan
[custom:CashContributionsToThePlan]	$ 163,000

Stock Option Transactions (Deta

Stock Option Transactions (Details) - $ / shares	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2022
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Net of Forfeitures	50,000
Share-Based Compensation Arrangements by Share-Based Payment Award, Options, Grants in Period, Weighted Average Exercise Price	$ 1.61
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Forfeitures and Expirations in Period	(444,922)
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Forfeitures and Expirations in Period, Weighted Average Exercise Price	$ 1.85
Equity Option [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number, Beginning Balance	4,629,565
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Weighted Average Exercise Price, Beginning Balance	$ 2.36
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number, Ending Balance	4,234,643
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Weighted Average Exercise Price, Ending Balance	$ 2.41
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Number	4,144,642	7,173,391
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercisable, Weighted Average Exercise Price	$ 2.43	$ 2.08

Stock Options Oustanding and Ex

Stock Options Oustanding and Exercisable (Details) - USD ($)	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
[custom:OutstandingOptionsNumber160To160-0]	2,983,750
[custom:OutstandingOptionsAggregateIntrinsicValue160To160-0]	$ 0
[custom:OutstandingOptionsWeightedAverageRemainingContractualTermYears160To160]	9 years 3 months 3 days
[custom:ExercisableOptionsNumber160To160-0]	2,983,750
[custom:ExercisableOptionsWeightedAverageExercisePrice160To160-0]	$ 1.60
[custom:ExercisableOptionsAggregateIntrinsicValue160To160-0]	$ 0
[custom:ExercisableOptionsWeightedAverageRemainingContractualTermYears160To160]	9 years 3 months 3 days
[custom:OutstandingOptionsNumber161To193-0]	435,000
[custom:OutstandingOptionsAggregateIntrinsicValue161To193-0]	$ 0
[custom:OutstandingOptionsWeightedAverageRemainingContractualTermYears161To193]	7 years 3 months 10 days
[custom:ExercisableOptionsNumber161To193-0]	389,998
[custom:ExercisableOptionsWeightedAverageExercisePrice161To193-0]	$ 1.78
[custom:ExercisableOptionsAggregateIntrinsicValue161To193-0]	$ 0
[custom:ExercisableOptionsWeightedAverageRemainingContractualTermYears161To193]	7 years 2 months 1 day
[custom:OutstandingOptionsNumber239-0]	3,369,643
[custom:OutstandingOptionsAggregateIntrinsicValue239-0]	$ 0
[custom:OutstandingOptionsWeightedAverageRemainingContractualTermYears239]	4 years 7 months 17 days
[custom:ExercisableOptionsNumber239-0]	3,369,643
[custom:ExercisableOptionsWeightedAverageExercisePrice239-0]	$ 2.39
[custom:ExercisableOptionsAggregateIntrinsicValue239-0]	$ 0
[custom:ExercisableOptionsWeightedAverageRemainingContractualTermYears239]	4 years 7 months 17 days
[custom:OutstandingOptionsNumber315To326-0]	430,000
[custom:OutstandingOptionsAggregateIntrinsicValue315To326-0]	$ 0
[custom:OutstandingOptionsWeightedAverageRemainingContractualTermYears315To326]	2 years 5 months 15 days
[custom:ExercisableOptionsNumber315To326-0]	430,000
[custom:ExercisableOptionsWeightedAverageExercisePrice315To326-0]	$ 3.21
[custom:ExercisableOptionsAggregateIntrinsicValue315To326-0]	$ 0
[custom:ExercisableOptionsWeightedAverageRemainingContractualTermYears315To326]	2 years 5 months 15 days
Outstanding Options Number Total	7,218,393
Outstanding Options Aggregate Intrinsic Value Total	$ 0
Outstanding Options Weighted Average Remaining Contractual Term Years Total	6 years 6 months 29 days
Exercisable Options Number Total	7,173,391
Exercisable Options Weighted Average Exercise Price Total	$ 2.08
Exercisable Options Aggregate Intrinsic Value Total	$ 0
Exercisable Options Weighted Average Remaining Contractual Term Years Total	6 years 6 months 25 days
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Risk Free Interest Rate		46%
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Term		5 years
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Volatility Rate		5,100%
Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Dividend Rate		0%
Range 160to 160 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share-Based Payment Arrangement, Option, Exercise Price Range, Outstanding, Weighted Average Exercise Price	$ 1.60
Range 161to 193 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share-Based Payment Arrangement, Option, Exercise Price Range, Outstanding, Weighted Average Exercise Price	1.77
Range 239 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share-Based Payment Arrangement, Option, Exercise Price Range, Outstanding, Weighted Average Exercise Price	2.39
Range 315to 326 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share-Based Payment Arrangement, Option, Exercise Price Range, Outstanding, Weighted Average Exercise Price	3.21
Range 161to 326 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share-Based Payment Arrangement, Option, Exercise Price Range, Outstanding, Weighted Average Exercise Price	2.08
Minimum [Member] | Range 160to 160 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share-Based Payment Arrangement, Option, Exercise Price Range, Outstanding, Weighted Average Exercise Price	1.60
Minimum [Member] | Range 161to 193 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share-Based Payment Arrangement, Option, Exercise Price Range, Outstanding, Weighted Average Exercise Price	1.61
Minimum [Member] | Range 315to 326 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share-Based Payment Arrangement, Option, Exercise Price Range, Outstanding, Weighted Average Exercise Price	3.15
Minimum [Member] | Range 161to 326 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share-Based Payment Arrangement, Option, Exercise Price Range, Outstanding, Weighted Average Exercise Price	1.60
Maximum [Member] | Range 161to 193 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share-Based Payment Arrangement, Option, Exercise Price Range, Outstanding, Weighted Average Exercise Price	1.93
Maximum [Member] | Range 315to 326 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share-Based Payment Arrangement, Option, Exercise Price Range, Outstanding, Weighted Average Exercise Price	3.26
Maximum [Member] | Range 161to 326 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share-Based Payment Arrangement, Option, Exercise Price Range, Outstanding, Weighted Average Exercise Price	$ 3.26

Stock Based Compensation Plan_3

Stock Based Compensation Plans: (Details Narrative) - USD ($)	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Share-Based Payment Arrangement [Abstract]
[custom:MaximumNumberOfOptionsAvailableUnderThePlan-0]	9,939,500
[custom:OptionsAvailableForGrant-0]	2,721,107
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Net of Forfeitures		50,000
[custom:OptionExpense]	$ 7,904	$ 58,928
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value		$ 0.70
Amount Payable In Event Of Change Of Control		$ 6,400,000
[custom:AmountPayableInEventOfMilestoneAchievement-0]	3,200,000
[custom:SeveranceLiability-0]	$ 500,000

Income tax benefit based on Can

Income tax benefit based on Canadian tax rates (Details) - USD ($)	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Income Tax Benefit Based On Canadian Tax Rates	$ 947,312	$ 904,838
[custom:IncomeTaxBenefitBasedOnCanadianTaxRatesPercentage]	25%	25%
Different Tax Rates On Foreign Subsidiaries	$ (151,715)	$ (159,342)
[custom:DifferentTaxRatesOnForeignSubsidiariesPercentage]	(4.00%)	(4.00%)
Nondeductible Expenses	$ (2,701)	$ (12,827)
[custom:NondeductibleExpensesPercentage]		(1.00%)
Change In Valuation Allowance And Other	$ (792,896)	$ (732,669)
[custom:ChangeInValuationAllowanceAndOtherPercentage]	(21.00%)	(20.00%)
Income Tax Benefit	$ 0	$ 0
[custom:IncomeTaxBenefitPercent]	0%	0%
Deferred income tax assets
Net operating loss carry forwards	$ 40,489,929		$ 40,045,479
Property, Plant and Equipment	2,023,750		2,023,434
Other	1,526,724		1,537,637
Total  deferred income tax asset	44,040,403		43,606,550
Valuation allowance	(44,000,925)		(43,557,562)
Deferred income tax assets net of valuation allowance	39,478		48,988
Deferred income tax liabilities
Other	(39,478)		(48,988)
Net deferred income tax asset
Canadian Tax Loss Carryforward Expiring 2026	2,030,402
Canadian Tax Loss Carryforward Expiring 2027	3,768,163
Canadian Tax Loss Carryforward Expiring 2028	14,362,518
Canadian Tax Loss Carryforward Expiring 2029	13,611,465
Canadian Tax Loss Carryforward Expiring 2030	16,816,208
Canadian Tax Loss Carryforward Expiring 2031	18,830,259
Canadian Tax Loss Carryforward Expiring 2032	5,463,457
Canadian Tax Loss Carryforward Expiring 2033	7,942,742
Canadian Tax Loss Carryforward Expiring 2034	9,202,870
Canadian Tax Loss Carryforward Expiring 2035	13,136,418
Canadian Tax Loss Carryforward Expiring 2036	15,617,819
Canadian Tax Loss Carryforward Expiring 2037	11,777,978
Canadian Tax Loss Carryforward Expiring 2038	1,127,120
Canadian Tax Loss Carryforward Expiring 2039	2,937,598
Canadian Tax Loss Carryforward Expiring 2040	4,366,612
[custom:CanadianTaxLossCarryforwardExpiring2041-0]	15,806,627
[custom:CanadianTaxLossCarryforwardExpiring2042-0]	1,785,171
[custom:UsTaxLossCarryforward-0]	4,019,393
Total Us Tax Loss Carryforward	4,019,393
Total Canadian Tax Loss Carryforward	$ 158,583,427

Income Tax_ (Details Narrative)

Income Tax: (Details Narrative) $ in Millions	3 Months Ended
	Jun. 30, 2022 USD ($)
Income Tax Disclosure [Abstract]
The Companys Income Tax Receivable	$ 8.1
Proceeds from Income Tax Refunds	$ 0.6

Uncategorized Items - gdrzfform

Label	Element	Value
Equity Option [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Weighted Average Exercise Price	us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	$ 2.08
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Weighted Average Exercise Price	us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	$ 2.08
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number	us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	7,218,393
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Number	us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	7,218,393