Company: GURE
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001193805-25-001184
Chunk: 3

Company: GULF RESOURCES, INC.
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 1
Chunk 3
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     34,791  
     4,224  
     70,851 
  
    Other expense, net 
     (3,212) 
     —  
     (3,212) 
     (4,003)
  
    Loss on disposal of property, plant and equipment 
     —  
     (29,169,008) 
     —  
     (29,169,008)

    Loss before taxes 
     (773,777) 
     (34,306,028) 
     (5,403,277) 
     (39,568,220)

    INCOME TAX BENEFIT (EXPENSE) 
     —  
     1,208,110  
     —  
     2,478,170 
  
    NET LOSS 
    $(773,777) 
    $(33,097,918) 
    $(5,403,277) 
    $(37,090,050)

    COMPREHENSIVE LOSS 

    NET LOSS 
    $(773,777) 
    $(33,097,918) 
    $(5,403,277) 
    $(37,090,050)
  
    - Foreign currency translation adjustments 
     403,775  
     (849,254) 
     625,791  
     (1,243,121)
  
    TOTAL COMPREHENSIVE LOSS    
    $(370,002) 
    $(33,947,172) 
    $(4,777,486) 
    $(38,333,171)

    BASIC AND DILUTED LOSS PER SHARE: 
    $(0.06) 
    $(3.09) 
    $(0.43) 
    $(3.46)

    BASIC AND DILUTED WEIGHTED AVERAGE NUMBER OF SHARES: 
     13,346,618  
     10,726,924  
     12,520,613  
     10,726,924 

See accompanying notes to the condensed consolidated financial statements.

2 

GULF RESOURCES, INC.

AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDERS’
EQUITY

SIX-MONTH PERIOD ENDED JUNE 30, 2025

(Expressed in U.S. dollars)

    Common