Company: GURE
Filing Date: 2025-05-13
Form Type: 10-Q
Source: 0001193805-25-000638
Chunk: 0

Company: GULF RESOURCES, INC.
Filing Date: 2025-05-13
Form: 10-Q
Item: Part I, Item 1
Chunk 0
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 ( 17,847  
  Taxes payable                                                                                                                              162,411                  ( 257,766  
  Lease liabilities                                                                                                                        ( 225,321                  ( 226,018  
  Net cash used in operating activities                                                                                                  ( 1,580,128                ( 1,330,476  
  CASH FLOWS FROM INVESTING ACTIVITIES                                                                                                                                           
  Purchase of property, plant and equipment                                                                                                        —                          —  
  Net cash from investing activities                                                                                                               —                          —  
  EFFECTS OF EXCHANGE RATE CHANGES                                                                                                            28,011                  ( 131,622  
  NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS                                                                                   ( 1,552,117                ( 1,462,098  
  CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD                                                                                         10,075,162                 72,223,894  
  CASH AND CASH EQUIVALENTS - END OF PERIOD                                                      $                                         8,523,045      $          70,761,796  

  GULF RESOURCES, INC.                                         
  AND SUBSIDIARIES                                             
  CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (CONTINUED)  
  (Expressed in U. S. dollars)                                 

                                                                              Years Ended March 31,                                     
                                                                              2025                                   2024               
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION                                                                                      
  Cash paid during the three-month period ended March 31, for:                                                                          
  Paid for taxes                                                              $                          77,386      $         481,153  
  Interest on finance lease obligation                                        $                          21,722      $          24,830  
  SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES                                                                

See accompanying notes to the condensed consolidated financial statements.

GULF RESOURCES, INC.

AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

MARCH 31, 2025

(Expressed in U. S. dollars)

(UNAUDITED)

NOTE 1 - BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING
POLICIES