Company: GURE
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001193805-25-001184
Chunk: 40

Company: GULF RESOURCES, INC.
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 1
Chunk 40
---
 (loss) from operations before income tax benefit (expense) 
     (9,445,401) 
     54,932  
     (654,078) 
     (101,482) 
     (10,146,029) 
     (270,387) 
     (10,416,416)
  
    Income tax benefit (expense) 
     2,360,323  
     (33,224) 
     151,071  
     —  
     2,478,170  
     —  
     2,478,170 
  
    Loss from operations after income tax benefit (expense) 
     (7,085,078) 
     21,708  
     (503,007) 
     (101,482) 
     (7,667,859) 
     (270,387) 
     (7,938,246)
  
    Total assets 
     90,430,154  
     47,346,898  
     54,185,082  
     1,837,520  
     193,799,654  
     126,372  
     193,926,026 
  
    Depreciation and amortization 
     8,899,655  
     363,666  
     136,671  
     67,319  
     9,467,311  
     —  
     9,467,311 
  
    Capital expenditures 
     28,923,642  
     31,602,571  
     —  
     —  
     60,526,213  
     —  
     60,526,213 

* Certain common production overheads, operating
and administrative expenses and asset items (mainly cash and certain office equipment) of bromine and crude salt segments in SCHC were
split by reference to the average selling price and production volume of the respective segment until April 2022. Commencing May 2022,
costs were assigned to the two subsidiaries (SCHC and SHSI) by independent accounting.

    22 

GULF RESOURCES, INC.

AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

JUNE 30