Company: GURE
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001193805-25-001184
Chunk: 57

Company: GULF RESOURCES, INC.
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 1
Chunk 57
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 split, if necessary.

28 

Our current corporate structure chart is set forth in the following
diagram:

As a result of our acquisitions of SCHC and SYCI, our historical financial
statements and the information presented below reflects the accounts of SCHC, SYCI, SHSI and DCHC. The following discussion should be
read in conjunction with our condensed consolidated financial statements and notes thereto appearing elsewhere in this report.

29 

RESULTS OF OPERATIONS

The following table presents certain information
derived from the condensed consolidated statements of operations, cash flows and stockholders equity for the three-month and six-month
periods ended June 30, 2025 and 2024. 

Comparison of the Three-Month Period Ended
June 30, 2025 and 2024

    Three-Month Period   Ended June 30, 2025 
    Three-Month Period Ended June 30, 2024 
    Percent Change Increase/ (Decrease)
  
    Net revenue 
    $8,343,785  
    $2,383,169  
     250%
  
    Cost of net revenue 
     (7,357,130) 
     (5,112,058) 
     44%
  
    Gross profit (loss) 
     986,655  
     (2,728,889) 
     136%
  
    Sales and marketing expenses 
     (14,802) 
     (13,633) 
     9%
  
    Direct labor and factory overheads incurred during plant shutdown 
     (727,774) 
     (1,714,503) 
     (58%)
  
    General and administrative expenses 
     (994,765) 
     (689,972) 
     44%
  
    Loss from operations 
     (750,686) 
     (5,146,997) 
     (85%)
  
    Interest income, net 
     (19,879) 
     9,977  
     (299%)
  
    Other expense, net 
     (3,212) 
     —  
     N/A 
  
    Loss on disposal of property, plant and equipment 
     —  
     (29,169,008) 
     (100%)
  
    Loss before taxes 
     (773,777)