10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001052918-17-000536 |
| Period End Date | 20170930 |
| Filing Date | 20171113 |
| Fiscal Year | 2017 |
| Fiscal Period | Q3 |
| XBRL Instance | ree-20170930.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
42 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Common Stock, Par Value |
CommonStockParOrStatedValuePerShare
|
- | USD | Point-in-time |
| Common Stock, Par Value |
CommonStockParOrStatedValuePerShare
|
- | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$3.88M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$927.00K | USD | Point-in-time |
| Common Stock, Shares Outstanding |
CommonStockSharesOutstanding
|
52.94M | shares | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$544.00K | USD | Point-in-time |
| Common Stock, Shares Outstanding |
CommonStockSharesOutstanding
|
52.94M | shares | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$697.00K | USD | Point-in-time |
| Prepaid expenses and other |
PrepaidExpenseAndOtherAssets
|
$81.00K | USD | Point-in-time |
| Prepaid expenses and other |
PrepaidExpenseAndOtherAssets
|
$78.00K | USD | Point-in-time |
| Total Current Assets |
AssetsCurrent
|
$1.01M | USD | Point-in-time |
| Total Current Assets |
AssetsCurrent
|
$622.00K | USD | Point-in-time |
| Equipment, net |
PropertyPlantAndEquipmentNet
|
$106.00K | USD | Point-in-time |
| Equipment, net |
PropertyPlantAndEquipmentNet
|
$92.00K | USD | Point-in-time |
| Investment in land |
Land
|
$600.00K | USD | Point-in-time |
| Investment in land |
Land
|
$600.00K | USD | Point-in-time |
| Total assets |
Assets
|
$1.71M | USD | Point-in-time |
| Total assets |
Assets
|
$1.31M | USD | Point-in-time |
| Accounts payable and accrued liabilities |
AccountsPayableAndAccruedLiabilitiesCurrent
|
$65.00K | USD | Point-in-time |
| Accounts payable and accrued liabilities |
AccountsPayableAndAccruedLiabilitiesCurrent
|
$76.00K | USD | Point-in-time |
| Asset retirement obligation, current portion |
AssetRetirementObligationCurrent
|
$152.00K | USD | Point-in-time |
| Asset retirement obligation, current portion |
AssetRetirementObligationCurrent
|
- | USD | Point-in-time |
| Total Current Liabilities |
LiabilitiesCurrent
|
$76.00K | USD | Point-in-time |
| Total Current Liabilities |
LiabilitiesCurrent
|
$217.00K | USD | Point-in-time |
| Asset retirement obligation, non-current portion |
AssetRetirementObligationsNoncurrent
|
$205.00K | USD | Point-in-time |
| Asset retirement obligation, non-current portion |
AssetRetirementObligationsNoncurrent
|
$241.00K | USD | Point-in-time |
| Repurchase option |
OtherLiabilitiesNoncurrent
|
$600.00K | USD | Point-in-time |
| Repurchase option |
OtherLiabilitiesNoncurrent
|
$600.00K | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$1.02M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$917.00K | USD | Point-in-time |
| Commitments and Contingencies |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Commitments and Contingencies |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Common shares, no par value - unlimited shares authorized; shares outstanding March 31, 2017 and December 31, 2016 - 52,941,880 |
CommonStockValue
|
$103.64M | USD | Point-in-time |
| Common shares, no par value - unlimited shares authorized; shares outstanding March 31, 2017 and December 31, 2016 - 52,941,880 |
CommonStockValue
|
$104.14M | USD | Point-in-time |
| Additional paid in capital |
AdditionalPaidInCapital
|
$23.66M | USD | Point-in-time |
| Additional paid in capital |
AdditionalPaidInCapital
|
$23.63M | USD | Point-in-time |
| Accumulated deficit |
RetainedEarningsAccumulatedDeficit
|
$-126.57M | USD | Point-in-time |
| Accumulated deficit |
RetainedEarningsAccumulatedDeficit
|
$-127.40M | USD | Point-in-time |
| Total Shareholders' Equity |
StockholdersEquity
|
$692.00K | USD | Point-in-time |
| Total Shareholders' Equity |
StockholdersEquity
|
$397.00K | USD | Point-in-time |
| Total Liabilities and Shareholders' Equity |
LiabilitiesAndStockholdersEquity
|
$1.71M | USD | Point-in-time |
| Total Liabilities and Shareholders' Equity |
LiabilitiesAndStockholdersEquity
|
$1.31M | USD | Point-in-time |
Income Statement
52 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Exploration and evaluation |
ExplorationExpenseMining
|
$228.00K | USD | 3 Qtrs |
| Exploration and evaluation |
ExplorationExpenseMining
|
$208.00K | USD | 1 Quarter |
| Exploration and evaluation |
ExplorationExpenseMining
|
$338.00K | USD | 3 Qtrs |
| Exploration and evaluation |
ExplorationExpenseMining
|
$176.00K | USD | 1 Quarter |
| Corporate administration |
GeneralAndAdministrativeExpense
|
$150.00K | USD | 1 Quarter |
| Corporate administration |
GeneralAndAdministrativeExpense
|
$723.00K | USD | 3 Qtrs |
| Corporate administration |
GeneralAndAdministrativeExpense
|
$2.35M | USD | 3 Qtrs |
| Corporate administration |
GeneralAndAdministrativeExpense
|
$235.00K | USD | 1 Quarter |
| Asset retirement obligation revision |
AssetRetirementObligationRevisionOfEstimate
|
$116.00K | USD | 3 Qtrs |
| Asset retirement obligation revision |
AssetRetirementObligationRevisionOfEstimate
|
- | USD | 3 Qtrs |
| Asset retirement obligation revision |
AssetRetirementObligationRevisionOfEstimate
|
- | USD | 1 Quarter |
| Asset retirement obligation revision |
AssetRetirementObligationRevisionOfEstimate
|
- | USD | 1 Quarter |
| Impairment of land |
AssetImpairmentCharges
|
- | USD | 1 Quarter |
| Impairment of land |
AssetImpairmentCharges
|
$380.00K | USD | 3 Qtrs |
| Impairment of land |
AssetImpairmentCharges
|
$380.00K | USD | 1 Quarter |
| Impairment of land |
AssetImpairmentCharges
|
- | USD | 3 Qtrs |
| Depreciation |
Depreciation
|
$14.00K | USD | 3 Qtrs |
| Depreciation |
Depreciation
|
$31.00K | USD | 3 Qtrs |
| Depreciation |
Depreciation
|
$4.00K | USD | 1 Quarter |
| Depreciation |
Depreciation
|
$8.00K | USD | 1 Quarter |
| Total operating expenses |
OperatingExpenses
|
$799.00K | USD | 1 Quarter |
| Total operating expenses |
OperatingExpenses
|
$849.00K | USD | 3 Qtrs |
| Total operating expenses |
OperatingExpenses
|
$3.09M | USD | 3 Qtrs |
| Total operating expenses |
OperatingExpenses
|
$362.00K | USD | 1 Quarter |
| Interest income |
InterestIncomeOther
|
- | USD | 3 Qtrs |
| Interest income |
InterestIncomeOther
|
$1.00K | USD | 3 Qtrs |
| Interest income |
InterestIncomeOther
|
- | USD | 1 Quarter |
| Interest income |
InterestIncomeOther
|
- | USD | 1 Quarter |
| Gain/(loss) on currency translation |
ForeignCurrencyTransactionGainLossBeforeTax
|
$16.00K | USD | 3 Qtrs |
| Gain/(loss) on currency translation |
ForeignCurrencyTransactionGainLossBeforeTax
|
$-1.00K | USD | 1 Quarter |
| Gain/(loss) on currency translation |
ForeignCurrencyTransactionGainLossBeforeTax
|
$23.00K | USD | 3 Qtrs |
| Gain/(loss) on currency translation |
ForeignCurrencyTransactionGainLossBeforeTax
|
$1.00K | USD | 1 Quarter |
| Gain on sale of equipment |
GainLossOnSaleOfPropertyPlantEquipment
|
$8.00K | USD | 3 Qtrs |
| Gain on sale of equipment |
GainLossOnSaleOfPropertyPlantEquipment
|
$1.00K | USD | 1 Quarter |
| Gain on sale of equipment |
GainLossOnSaleOfPropertyPlantEquipment
|
- | USD | 1 Quarter |
| Gain on sale of equipment |
GainLossOnSaleOfPropertyPlantEquipment
|
- | USD | 3 Qtrs |
| Total non-operating income (expense) |
NonoperatingIncomeExpense
|
- | USD | 1 Quarter |
| Total non-operating income (expense) |
NonoperatingIncomeExpense
|
$25.00K | USD | 3 Qtrs |
| Total non-operating income (expense) |
NonoperatingIncomeExpense
|
$23.00K | USD | 3 Qtrs |
| Total non-operating income (expense) |
NonoperatingIncomeExpense
|
$1.00K | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$826.00K | USD | 3 Qtrs |
| Net loss |
NetIncomeLoss
|
$799.00K | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$361.00K | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$3.07M | USD | 3 Qtrs |
| LOSS PER SHARE - BASIC AND DILUTED |
EarningsPerShareBasicAndDiluted
|
$-0.02 | USD | 3 Qtrs |
| LOSS PER SHARE - BASIC AND DILUTED |
EarningsPerShareBasicAndDiluted
|
$-0.02 | USD | 1 Quarter |
| LOSS PER SHARE - BASIC AND DILUTED |
EarningsPerShareBasicAndDiluted
|
$-0.01 | USD | 1 Quarter |
| LOSS PER SHARE - BASIC AND DILUTED |
EarningsPerShareBasicAndDiluted
|
$-0.06 | USD | 3 Qtrs |
| WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING |
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
52.94M | shares | 1 Quarter |
| WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING |
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
52.94M | shares | 3 Qtrs |
| WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING |
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
52.94M | shares | 1 Quarter |
| WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING |
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
52.94M | shares | 3 Qtrs |
Cash Flow Statement
48 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net loss for the period |
NetIncomeLoss
|
$826.00K | USD | 3 Qtrs |
| Net loss for the period |
NetIncomeLoss
|
$799.00K | USD | 1 Quarter |
| Net loss for the period |
NetIncomeLoss
|
$361.00K | USD | 1 Quarter |
| Net loss for the period |
NetIncomeLoss
|
$3.07M | USD | 3 Qtrs |
| Depreciation |
Depreciation
|
$14.00K | USD | 3 Qtrs |
| Depreciation |
Depreciation
|
$31.00K | USD | 3 Qtrs |
| Depreciation |
Depreciation
|
$4.00K | USD | 1 Quarter |
| Depreciation |
Depreciation
|
$8.00K | USD | 1 Quarter |
| Gain on sale of equipment |
GainLossOnSaleOfPropertyPlantEquipment
|
- | USD | 3 Qtrs |
| Gain on sale of equipment |
GainLossOnSaleOfPropertyPlantEquipment
|
- | USD | 1 Quarter |
| Gain on sale of equipment |
GainLossOnSaleOfPropertyPlantEquipment
|
$8.00K | USD | 3 Qtrs |
| Gain on sale of equipment |
GainLossOnSaleOfPropertyPlantEquipment
|
$1.00K | USD | 1 Quarter |
| Impairment of land |
AssetImpairmentCharges
|
$380.00K | USD | 1 Quarter |
| Impairment of land |
AssetImpairmentCharges
|
- | USD | 3 Qtrs |
| Impairment of land |
AssetImpairmentCharges
|
$380.00K | USD | 3 Qtrs |
| Impairment of land |
AssetImpairmentCharges
|
- | USD | 1 Quarter |
| Asset retirement obligation revision |
AssetRetirementObligationRevisionOfEstimate
|
$116.00K | USD | 3 Qtrs |
| Asset retirement obligation revision |
AssetRetirementObligationRevisionOfEstimate
|
- | USD | 3 Qtrs |
| Asset retirement obligation revision |
AssetRetirementObligationRevisionOfEstimate
|
- | USD | 1 Quarter |
| Asset retirement obligation revision |
AssetRetirementObligationRevisionOfEstimate
|
- | USD | 1 Quarter |
| Stock-based compensation |
ShareBasedCompensation
|
$31.00K | USD | 3 Qtrs |
| Stock-based compensation |
ShareBasedCompensation
|
$67.00K | USD | 3 Qtrs |
| Total adjustments |
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
|
$-897.00K | USD | 3 Qtrs |
| Total adjustments |
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
|
$-2.60M | USD | 3 Qtrs |
| Prepaid expenses and other |
IncreaseDecreaseInPrepaidExpensesOther
|
$-169.00K | USD | 3 Qtrs |
| Prepaid expenses and other |
IncreaseDecreaseInPrepaidExpensesOther
|
$-3.00K | USD | 3 Qtrs |
| Accounts payable and accrued liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$-845.00K | USD | 3 Qtrs |
| Accounts payable and accrued liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$11.00K | USD | 3 Qtrs |
| Net cash and cash equivalents used in operating activities |
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
$-3.27M | USD | 3 Qtrs |
| Net cash and cash equivalents used in operating activities |
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
$-883.00K | USD | 3 Qtrs |
| Proceeds from sale of equipment |
ProceedsFromSaleOfMachineryAndEquipment
|
- | USD | 3 Qtrs |
| Proceeds from sale of equipment |
ProceedsFromSaleOfMachineryAndEquipment
|
$91.00K | USD | 3 Qtrs |
| Net cash and cash equivalents provided by investing activities |
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
$91.00K | USD | 3 Qtrs |
| Net cash and cash equivalents provided by investing activities |
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
- | USD | 3 Qtrs |
| Advance payment for common share issuance |
ProceedsFromIssuanceOfCommonStock
|
- | USD | 3 Qtrs |
| Advance payment for common share issuance |
ProceedsFromIssuanceOfCommonStock
|
$500.00K | USD | 3 Qtrs |
| Net cash and cash equivalents provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
- | USD | 3 Qtrs |
| Net cash and cash equivalents provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$500.00K | USD | 3 Qtrs |
| Decrease in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-383.00K | USD | 3 Qtrs |
| Decrease in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-3.18M | USD | 3 Qtrs |
| Cash and cash equivalents - beginning of the period |
CashAndCashEquivalentsAtCarryingValue
|
$697.00K | USD | Point-in-time |
| Cash and cash equivalents - beginning of the period |
CashAndCashEquivalentsAtCarryingValue
|
$3.88M | USD | Point-in-time |
| Cash and cash equivalents - beginning of the period |
CashAndCashEquivalentsAtCarryingValue
|
$927.00K | USD | Point-in-time |
| Cash and cash equivalents - beginning of the period |
CashAndCashEquivalentsAtCarryingValue
|
$544.00K | USD | Point-in-time |
| Cash and cash equivalents - end of the period |
CashAndCashEquivalentsAtCarryingValue
|
$927.00K | USD | Point-in-time |
| Cash and cash equivalents - end of the period |
CashAndCashEquivalentsAtCarryingValue
|
$544.00K | USD | Point-in-time |
| Cash and cash equivalents - end of the period |
CashAndCashEquivalentsAtCarryingValue
|
$3.88M | USD | Point-in-time |
| Cash and cash equivalents - end of the period |
CashAndCashEquivalentsAtCarryingValue
|
$697.00K | USD | Point-in-time |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.