Company: GURE
Filing Date: 2025-04-11
Form Type: 10-K
Source: 0001193805-25-000461
Chunk: 172

Company: GULF RESOURCES, INC.
Filing Date: 2025-04-11
Form: 10-K
Item: Item 3
Chunk 172
---
 (48%)
  
    Gross Profit 
    $(7,085,731) 
    $1,953,837  
     (463%)
  
    Sales, Marketing and Other Operating Expense 
    $(46,264) 
    $(59,055) 
     (22%)
  
    Direct labor and factory overheads incurred during plant shutdown 
    $(8,880,643) 
    $(9,544,675) 
     (7%)
  
    General and Administrative Expenses 
    $(5,271,011) 
    $(4,240,832) 
     24%
  
    Loss from Operations 
    $(21,283,649) 
    $(11,890,725) 
     79%
  
    Other Income, Net 
    $(62,113) 
    $144,919  
     (143%)
  
    Expenditure on water pollution treatment 
    $—  
    $(46,510,856) 
     (100%)
  
    Loss on disposal of property, plant and equipment 
    $(29,169,008) 
    $—  
     N/A 
  
    Impairment of Property, plant and equipment 
    $(6,772,500) 
    $—  
     N/A 
  
    Loss before Taxes 
    $(57,287,270) 
    $(58,256,662) 
     (2%)
  
    Income Tax Expense (Benefit) 
    $(1,648,182) 
    $(3,538,617) 
     (53%)
  
    Net Loss 
    $(58,935,452) 
    $(61,795,279) 
     (5%)

Net Loss
of $58,935,452 for year 2024 was mainly attributable to decreased sales and reduced margins. The company also suffered a loss of $29,169,008
and $6,772,500 on retirement of fixed assets and impairment of fixed assets. Additionally, the compensation expenses amounted to $194,700
for shares issued to company employees, officers and consultant for the year 2024.

Net Loss
of $61,795,279 for year 2023 was mainly attributable to decreased sales and reduced margins. Additionally, the compensation expenses amounted
to $451,350 for shares issued to company employees, officers and consultant for the year 2023. The Company also