Company: GURE
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001193805-25-001184
Chunk: 86

Company: GULF RESOURCES, INC.
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 2
Chunk 86
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 obtain a second 180-day grace period applicable to issuers
listed on The Nasdaq Capital Market, the Company applied to transfer the listing of its Common Shares to The Nasdaq Capital Market. As
noted above, the Staff approved the Company’s transfer application on May 6, 2025.

The Company intends to closely monitor the closing
bid price for its Common Shares and consider all available options to timely remedy the bid price deficiency. If at any time during the
Second Compliance Period, the closing bid price of the Common Shares is at least $1.00 per share for a minimum of 10 consecutive business
days, the Staff will provide the Company with written confirmation of compliance and the matter will be closed,
unless the Staff exercises its discretion to extend this ten-day period pursuant to Nasdaq Listing Rule 5810(c)(3)(H).

The Company can give no assurance that it will
regain or demonstrate compliance during the Second Compliance Period. If the Company is not able to demonstrate compliance with the minimum
bid price requirement by November 3, 2025, or the Company does not comply with the terms of the extension, the Staff will provide written
notification to the Company that the Common Shares will be delisted. At that time, the Company may appeal the Staff’s determination
to the Nasdaq Hearings Panel (the “Panel”). The Company’s appeal request would stay any delisting action by the Staff
at least pending a hearing before the Panel and the expiration of any extension that may be granted by the Panel to the Company following
the hearing.

The Company has provided written notice to Nasdaq
of its intention to cure the deficiency during the Second Compliance Period by effecting a reverse stock 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.

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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