Company: GURE
Filing Date: 2025-11-19
Form Type: 10-Q
Source: 0001193805-25-001627
Chunk: 8

Company: GULF RESOURCES, INC.
Filing Date: 2025-11-19
Form: 10-Q
Item: Item 1
Chunk 8
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     (40,582,933)
  
    BALANCE AT SEPTEMBER 30, 2024(Unaudited) 
     1,120,145  
     1,091,562  
     28,583  
     560  
     (1,372,673) 
     101,712,325  
    $55,711,323  
    $26,667,097  
    $(16,193,514) 
    $166,525,118 

(1) The shares and per share data
are presented on a retroactive basis to reflect the stock split.

See accompanying notes to the condensed consolidated financial statements.

Common Stock

Treasury Stock

Additional Paid-In Capital

Retained Earnings Unappropriated

Accumulated Other Comprehensive Income (Loss)

Share to be Issued

3 

    GULF RESOURCES, INC.
  
    AND SUBSIDIARIES
  
    CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
  
    (Expressed in U.S. dollars)
  
    (UNAUDITED)

    Nine-Month Period Ended September 30,

    2025 
    2024

    CASH FLOWS FROM OPERATING ACTIVITIES 

    Net Loss 
    $(41,067,789) 
    $(40,582,933)
  
    Adjustments to reconcile net loss to net cash provided by (used in) operating activities: 

    Amortization on capital lease 
     61,580  
     70,835 
  
    Depreciation and amortization 
     11,749,130  
     14,037,554 
  
    Deferred tax asset 
     —  
     (3,615,091)
  
    Amortization of right-of-use asset 
     654,450  
     659,509 
  
    Stock-based compensation expense 
     196,100  
     — 
  
    Loss on disposal of long-lived assets 
     2,008,853  
     29,169,008 
  
    Impairment of long-lived assets 
     29,782,912  
     — 
  
    Accrued Liabilities 
     3,521,613  
     — 
  
    Changes in assets and liabilities: 

    Accounts receivable 
     (