Company: GURE
Filing Date: 2025-11-19
Form Type: 10-Q
Source: 0001193805-25-001627
Chunk: 93

Company: GULF RESOURCES, INC.
Filing Date: 2025-11-19
Form: 10-Q
Item: Item 2
Chunk 93
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,697  
     (100%)
  
    Net loss 
    $(35,664,512) 
    $(3,492,883) 
     921%

Net Loss of $35,664,512 for the three-month periods
ended September 30, 2025.

The increase in net loss was mainly due to a rise
of 2,008,853 in loss on disposal of long-lived assets, a rise of 29,782,912 in impairment of long-lived assets, and an increase of 3,521,613
in provision accrued liabilities.

Net revenue.  The table
below shows the changes in net revenue in the respective segment of the Company for the three-month period ended September 30, 2025 as
compared to the same period in 2024:

    Net Revenue by Segment 

    Three-Month Period Ended 
    Three-Month Period Ended 
    Percent Change Increase

    September 30, 2025 
    September 30, 2024 
    of Net Revenue
  
    Segment 
      
    % of total 
      
    % of total 

    Bromine 
    $8,052,331  
     89% 
    $1,571,313  
     70% 
     412%
  
    Crude Salt 
     992,250  
     11% 
     654,039  
     29% 
     52%
  
    Chemical Products 
     —  
     —  
     —  
     —  
     — 
  
    Natural Gas 
     —  
     —  
     17,013  
     1% 
     — 
  
    Total sales 
    $9,044,581  
     100% 
    $2,242,365  
     100% 
     303%

    Bromine and crude salt segments 
    Three-Month Period Ended 
    Percentage Change
  
    product sold in tonnes 
    September 30, 2025 
    September 30, 2024 
    Increase (Decrease)
  
    Bromine 
     2,214  
     656  
     238%
  
    Crude Salt 
     38,379  
     24,249  
     58%

Bromine segment

For the three-month periods ended September