Company: GURE
Filing Date: 2025-04-11
Form Type: 10-K
Source: 0001193805-25-000461
Chunk: 188

Company: GULF RESOURCES, INC.
Filing Date: 2025-04-11
Form: 10-K
Item: Item 3
Chunk 188
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075,865  
     1,312,950 
  
    Operating lease liabilities, net of current portion 
     6,941,602  
     7,525,255 
  
    Total non-current liabilities 
     8,017,467  
     8,838,205 
  
    Total Liabilities 
     25,749,325  
     21,423,412 

    Commitment and Contingencies 
     —  
     — 

    Stockholders’ Equity 

    PREFERRED STOCK; $0.001 par value; 1,000,000 shares authorized; none outstanding 

    COMMON STOCK; $0.0005 par value; 80,000,000 shares authorized; 11,012,754 and 11,012,754 shares issued; and 10,726,924 and 10,726,924 shares outstanding as of December 31, 2024 and 2023 
     24,623  
     24,623 
  
    Treasury stock; 285,830 shares as of December 31, 2024 and 2023 at cost 
     (1,372,673) 
     (1,372,673)
  
    Additional paid-in capital 
     101,688,262  
     101,688,262 
  
    Share to be issued 
     194,700  
     — 
  
    Retained earnings unappropriated 
     37,358,804  
     96,294,256 
  
    Retained earnings appropriated 
     26,667,097  
     26,667,097 
  
    Accumulated other comprehensive loss 
     (20,854,143) 
     (18,053,269)
  
    Total Stockholders’ Equity 
     143,706,670  
     205,248,296 
  
    Total Liabilities and Stockholders’ Equity 
    $169,455,995  
    $226,671,708 

The accompanying notes are an integral
part of these consolidated financial statements.

F-3 

GULF RESOURCES, INC.

AND
SUBSIDIARIES

CONSOLIDATED STATEMENTS OF COMPREHENSIVE
INCOME (LOSS)

(Expressed in U.S. dollars)

    Years Ended December 31,

    2024