Company: GURE
Filing Date: 2025-05-13
Form Type: 10-Q
Source: 0001193805-25-000638
Chunk: 27

Company: GULF RESOURCES, INC.
Filing Date: 2025-05-13
Form: 10-Q
Item: Part I, Item 1
Chunk 27
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  Total segment operating loss                                       $                                       ( 4,328,371      $         ( 5,200,440  
  Corporate costs                                                                                              ( 281,836                   ( 68,979  
  Unrealized gain (loss) on translation of intercompany balance                                                        —                          —  
  Loss from operations                                                                                       ( 4,610,207                ( 5,269,419  
  Other income                                                                                                  ( 19,293                     11,230  
  Other Expenses                                                                                                       —                    ( 4,003  
  Loss before taxes                                                  $                                       ( 4,629,500      $         ( 5,262,192  

The following table shows the major customers
(10% or more) for the three-month period ended March 31, 2025.

Business Segments - Schedule of
Revenue by Major Customers

  Customer                                                          Bromine               Crude Salt              Chemical Products                     
                                                                                                                                                        
                                                                    (000’s)               (000’s)                 (000’s)                               
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Shandong Morui Chemical Company Limited                           $            196      $               58      $                      254      15.8  
  Shandong Brother Technology Limited                                            193                      36                             229      14.3  
  Shouguang Weidong Chemical Company Limited                                     197                      28                             225      14.0  
  Shandong Shouguangshen Runfa Marine Chemical Company Limited      $            195      $                —      $                      195      12.1  

The following table shows the major customers
(10% or more) for the three-month period ended March 31, 2024.

  Customer                                                          Bromine               Crude Salt              Chemical Products                     
                                                                                                                                                        
                                                                    (000’s)               (000’s)                 (000’s)                               
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Shandong Morui Chemical Company Limited                           $            134      $               63      $                      197      15.1  
  Shouguang Weidong Chemical Company Limited                                     135                      26                             161      12.3  
  Shandong Brother Technology Limited                                            133