Company: GURE
Filing Date: 2025-04-11
Form Type: 10-K
Source: 0001193805-25-000461
Chunk: 476

Company: GULF RESOURCES, INC.
Filing Date: 2025-04-11
Form: 10-K
Item: Item 7A
Chunk 476
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    Finance lease right-of use assets 
     76,868  
     83,115 
  
    Operating lease right-of-use assets 
     6,169,855  
     6,699,784 
  
    Prepaid land leases, net of current portion 
     9,615,269  
     9,772,170 
  
    Deferred tax assets, net 
     —  
     1,859,025 
  
    Total non-current assets 
     152,005,169  
     140,602,117 
  
    Total Assets 
     169,455,995  
     226,671,708 

    Liabilities and Stockholders’ Equity 

    Current Liabilities 

    Accounts payable and accrued expenses 
    $14,323,458  
    $8,833,936 
  
    Taxes payable-current 
     113,999  
     475,630 
  
    Advance from customer 
     —  
     42,705 
  
    Amount due to related parties 
     2,584,808  
     2,586,658 
  
    Finance lease liability, current portion 
     217,743  
     172,625 
  
    Operating lease liabilities, current portion 
     491,850  
     473,653 
  
    Total current liabilities 
     17,731,858  
     12,585,207 
  
    Non-Current Liabilities 

    Finance lease liability, net of current portion 
     1,075,865  
     1,312,950 
  
    Operating lease liabilities, net of current portion 
     6,941,602  
     7,525,255 
  
    Total non-current liabilities 
     8,017,467  
     8,838,205 
  
    Total Liabilities 
     25,749,325  
     21,423,412 

    Commitment and Contingencies 
     —  
     — 

    Stockholders’ Equity 

    PREFERRED STOCK; $0.001 par value; 1,000,000 shares authorized; none outstanding 

    COMMON STOCK; $0.0005 par value; 80,000,000 shares authorized; 11,012,754 and 11,012,754 shares issued;