Company: GURE
Filing Date: 2025-04-11
Form Type: 10-K
Source: 0001193805-25-000461
Chunk: 189

Company: GULF RESOURCES, INC.
Filing Date: 2025-04-11
Form: 10-K
Item: Item 3
Chunk 189
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2023

    NET REVENUE 
    $7,661,010  
    $30,043,790 

    OPERATING COSTS AND EXPENSE 

    Cost of revenues 
     (14,746,741) 
     (28,089,953)
  
    Sales and marketing expenses 
     (46,264) 
     (59,055)
  
    Direct labor and factory overheads 
     (8,880,643) 
     (9,544,675)
  
    General and administrative expenses 
     (5,271,011) 
     (4,240,832)
  
    TOTAL OPERATING COSTS AND EXPENSE 
     (28,944,659) 
     (41,934,515)

    LOSS FROM OPERATIONS 
     (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