Company: GURE
Filing Date: 2025-11-19
Form Type: 10-Q
Source: 0001193805-25-001627
Chunk: 44

Company: GULF RESOURCES, INC.
Filing Date: 2025-11-19
Form: 10-Q
Item: Item 1
Chunk 44
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333,928) 
     (4,581,609) 
     (5,694,821) 
     (14,998,025)
  
    Interest income, net of expense 
     (17,206) 
     (14,971) 
     (56,378) 
     6,236 
  
    Other expense, net 
     (3,521,613) 
     —  
     (3,524,825) 
     (4,003)
  
    Loss on disposal of long-lived assets 
     (2,008,853) 
     —  
     (2,008,853) 
     (29,169,008)
  
    Impairment of long-lived assets 
     (29,782,912) 
     —  
     (29,782,912) 
     — 
  
    Loss before taxes 
    $(35,664,512) 
    $(4,596,580) 
    $(41,067,789) 
    $(44,164,800)

The following table shows the major customer(s)
(10% or more) for the three-month period ended September 30, 2025.

Business Segments - Schedule of
Revenue by Major Customers

    Number 
    Customer 
    Bromine (000’s) 
    Crude Salt (000’s) 
    Chemical Products (000’s)  
    Total Revenue  (000’s) 
    Percentage of Total Revenue (%)
  
    1 
    Shandong Brother Technology Limited 
    $1,160  
    $445  
    $—  
    $1,605  
     17.8%
  
    2 
    Shandong Morui Chemical Company Limited 
    $1,158  
    $313  
    $—  
    $1,471  
     16.3%
  
    3 
    Shandong Shouguangshen Runfa Marine Chemical Company Limited 
    $1,350  
    $—  
    $—  
    $1,350  
     14.9%
  
    4 
    Shouguang Weidong Chemical Company Limited 
    $962  
    $233  
    $—  
    $1,195  
     13.2%