Company: GURE
Filing Date: 2025-04-11
Form Type: 10-K
Source: 0001193805-25-000461
Chunk: 600

Company: GULF RESOURCES, INC.
Filing Date: 2025-04-11
Form: 10-K
Item: Item 8
Chunk 600
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     24,623 
  
    Treasury stock; 285,830 shares as of December 31, 2024 and December 31, 2023 at cost 
     (1,372,673) 
     (1,372,673)
  
    Additional paid-in capital 
     101,688,262  
     101,688,262 
  
    Share to be issued 
     194,700  
     — 
  
    Retained earnings unappropriated 
     37,358,804  
     96,294,256 
  
    Retained earnings appropriated 
     26,667,097  
     26,667,097 
  
    Cumulative translation adjustment 
     (20,854,143) 
     (18,053,269)
  
    Total Stockholders’ Equity 
     143,706,670  
     205,248,296 
  
    Total Liabilities and Stockholders’ Equity 
    $153,576,831  
    $207,038,150 

    S-1 

Condensed Statements of Comprehensive Loss

    Years Ended December 31,

    2024 
    2023
  
    OPERATING EXPENSES 

    General and administrative expenses 
    $(742,480) 
    $(780,379)
  
    TOTAL OPERATING EXPENSES 
     (742,480) 
     (780,379)
  
    OTHER EXPENSES 

    Interest expense 
     —  
     — 
  
    TOTAL OTHER EXPENSES 
     —  
     — 
  
    TOTAL EXPENSES 
     (742,480) 
     (780,379)
  
    Equity in net Loss of subsidiaries 
     (59,841,154) 
     (61,014,900)
  
    LOSS BEFORE INCOME TAXES 
     (58,935,452) 
     (61,795,279)
  
    INCOME TAXES 
     —  
     — 
  
    NET LOSS 
    $(58,935,452) 
    $(61,795,279)

Condensed Statements of Cash Flows

    Years Ended December 31,

    2024 
    2023
  
    CASH FLOWS FROM OPERATING ACTIVITIES 

    Net Loss 
    $(58,935