Company: GURE
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001193805-25-001184
Chunk: 99

Company: GULF RESOURCES, INC.
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 2
Chunk 99
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 relocate its two chemical production plants located in the second living area of the Qinghe Oil Extraction Plant to Bohai
Park. As a result, direct labor and factory overhead costs (including depreciation of plant and machinery) in the amount of $3,953,582
and $5,449,192 incurred for the three-month periods ended June 30, 2025 and 2024, respectively, for the factories that have not resumed
production were presented as part of the operating expense.

General and Administrative Expenses.
General and administrative expenses were $2,384,288 for the six-month period ended June 30, 2025, a increase of $976,860 (or 69%) as compared
to $1,407,428 for the same period in 2024.

Loss from Operations. Loss from
operations was $5,360,893 for the six-month period ended June 30, 2025, compared to loss from operations of $10,416,416 in the same period
in 2024.

    Income(loss) from Operations by Segment

    Six-Month Period Ended  June 30, 2025 
    Six-Month Period Ended  June 30, 2024
  
    Segment: 
      
    % of total 
      
    % of total
  
    Bromine 
    $(3,501,217) 
     70% 
    $(9,445,401) 
     93%
  
    Crude Salt 
     (701,551) 
     14% 
     54,932  
     (0.5%)
  
    Chemical Products 
     (703,576) 
     14% 
     (654,078) 
     6.5%
  
    Natural Gas 
     (88,099) 
     2% 
     (101,482) 
     1%
  
    Loss from operations before corporate costs 
     (4,994,443) 
     100% 
     (10,146,029) 
     100%
  
    Corporate costs 
     (366,450) 
        
     (270,387) 

    Loss from operations before taxes 
    $(5,360,893) 
        
    $(10,416,416) 

Bromine segment

Loss from operations from our bromine segment
was $3,501,217