Company: GURE
Filing Date: 2025-11-19
Form Type: 10-Q
Source: 0001193805-25-001627
Chunk: 105

Company: GULF RESOURCES, INC.
Filing Date: 2025-11-19
Form: 10-Q
Item: Item 2
Chunk 105
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including depreciation of plant and machinery) in the amount of $4,533,760
and $7,185,537 incurred for the nine-month periods ended September 30, 2025 and 2024, respectively, for the factories that have not resumed
production were presented as part of the operating expense.

General and Administrative Expenses.
General and administrative expenses were $3,169,821 for the nine-month period ended September 30, 2025, an increase of $759,864 (or 32%)
as compared to $2,409,957 for the same period in 2024. The increase in administrative expenses is mainly due to the increase in depreciation.

Loss from Operations. Loss from
operations was $5,694,821 for the nine-month period ended September 30, 2025, compared to a loss of $14,998,025 in the same period in
2024.

    Loss from Operations by Segment

    Nine-Month Period Ended September 30, 2025 
    Nine-Month Period Ended September 30, 2024
  
    Segment: 
      
    % of total 
      
    % of total
  
    Bromine 
    $(3,775,713) 
     72.51% 
    $(13,475,400) 
     91.94%
  
    Crude Salt 
     (247,727) 
     4.76% 
     (47,725) 
     0.32%
  
    Chemical Products 
     (1,055,947) 
     20.28% 
     (993,116) 
     6.78%
  
    Natural Gas 
     (127,880) 
     2.45% 
     (140,554) 
     0.96%
  
    Loss from operations before corporate costs 
     (5,207,267) 
     100% 
     (14,656,795) 
     100%
  
    Corporate costs 
     (487,554) 
        
     (341,230) 

    Loss from operations before taxes 
    $(5,694,821) 
        
    $(14,998,025) 

30 

Bromine segment

Loss from operations from our bromine segment
was $3,775,713 for the nine-month period ended September 30, 2025