Company: GURE
Filing Date: 2025-04-11
Form Type: 10-K
Source: 0001193805-25-000461
Chunk: 557

Company: GULF RESOURCES, INC.
Filing Date: 2025-04-11
Form: 10-K
Item: Item 8
Chunk 557
---
21,283,649) 
     (11,890,725)

    OTHER INCOME (EXPENSE) 

    Interest expense 
     (91,901) 
     (105,209)
  
    Interest income 
     80,258  
     250,128 
  
    Other expenses, net 
     (50,470) 
     — 
  
    Loss on disposal of property, plant and equipment 
     (29,169,008) 
     — 
  
    Impairment of property, plant and equipment 
     (6,772,500) 
     — 
  
    Expenditure on water pollution treatment 
     —  
     (46,510,856)
  
    INCOME BEFORE INCOME TAXES 
     (57,287,270) 
     (58,256,662)

    INCOME TAX EXPENSE 
     (1,648,182) 
     (3,538,617)
  
    NET LOSS 
    $(58,935,452) 
    $(61,795,279)

    COMPREHENSIVE INCOME (LOSS): 

    NET LOSS 
    $(58,935,452) 
    $(61,795,279)
  
    OTHER COMPREHENSIVE (LOSS) INCOME 

    - Foreign currency translation adjustments 
     (2,800,874) 
     (5,025,980)
  
    TOTAL COMPREHENSIVE LOSS 
    $(61,736,326) 
    $(66,821,259)

    BASIC AND DILUTED LOSS PER SHARE 
    $(5.49) 
    $(5.92)

    BASIC AND DILUTED WEIGHTED AVERAGE NUMBER OF SHARES: 
     10,726,924  
     10,435,965 

The accompanying notes are an integral
part of these consolidated financial statements.

F-4 

GULF RESOURCES, INC.

AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF STOCKHOLDERS’
EQUITY

YEARS ENDED DECEMBER 31, 2024 AND 2023

(Expressed in U.S. dollars)

    Common
    stock 

    Number of
    shares issued 
    Number of
    shares outstanding 
    Number of
    treasury stock 
    Amount 
    Treasury
      stock