Company: GURE
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001193805-25-001184
Chunk: 2

Company: GULF RESOURCES, INC.
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 1
Chunk 2
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143,706,670 
  
    Total Liabilities and Stockholders’ Equity 
    $164,631,573  
    $169,455,995 

See accompanying notes to the condensed consolidated financial statements.

1 

GULF RESOURCES, INC.

AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF LOSS AND COMPREHENSIVE
LOSS

(Expressed in U.S. dollars)

(UNAUDITED)

    Three-Month Period Ended June 30, 
    Six-Month Period Ended June 30,

    2025 
    2024 
    2025 
    2024

    NET REVENUE 
    $8,343,785  
    $2,383,169  
    $9,948,232  
    $3,690,231 

    OPERATING COSTS AND EXPENSE 

    Cost of net revenue 
     (7,357,130) 
     (5,112,058) 
     (8,951,400) 
     (7,231,903)
  
    Sales and marketing expenses 
     (14,802) 
     (13,633) 
     (19,855) 
     (18,124)
  
    Direct labor and factory overheads incurred during plant shutdown 
     (727,774) 
     (1,714,503) 
     (3,953,582) 
     (5,449,192)
  
    General and administrative expenses 
     (994,765) 
     (689,972) 
     (2,384,288) 
     (1,407,428)

    TOTAL OPERATING COSTS AND EXPENSE 
     (9,094,471) 
     (7,530,166) 
     (15,309,125) 
     (14,106,647)

    LOSS FROM OPERATIONS 
     (750,686) 
     (5,146,997) 
     (5,360,893) 
     (10,416,416)

    OTHER INCOME (EXPENSE) 

    Interest expense 
     (21,674) 
     (24,814) 
     (43,396) 
     (49,644)
  
    Interest income 
     1,795