Company: GURE
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001193805-25-001184
Chunk: 8

Company: GULF RESOURCES, INC.
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 1
Chunk 8
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 FROM OPERATING ACTIVITIES 

    Net Loss 
    $(5,403,277) 
    $(37,090,050)
  
    Adjustments to reconcile net loss to net cash provided by (used in) operating activities: 

    Amortization on capital lease 
     43,396  
     49,644 
  
    Depreciation and amortization 
     7,997,410  
     9,467,311 
  
    Deferred tax asset 
     —  
     (2,511,394)
  
    Stock-based compensation expense 
     196,100  
     — 
  
    Amortization of right-of-use asset 
     435,102  
     440,030 
  
    Loss on disposal of equipment 
     —  
     29,169,008 
  
    Changes in assets and liabilities: 

    Accounts receivable 
     (2,574,907) 
     3,108,788 
  
    Inventories 
     (197,631) 
     160,396 
  
    Prepayments and deposits 
     (2,331,871) 
     68,895 
  
    Advance from customers 
     —  
     (27,000)
  
    Other receivables 
     (11,447) 
     4,854 
  
    Accounts and Other payable and accrued expenses 
     268,175  
     (2,583,610)
  
    Amount due to related Parties 
     —  
     — 
  
    Taxes payable 
     182,919  
     (315,782)
  
    Lease Liabilities 
     (743,404) 
     (753,231)
  
    Net cash used in operating activities 
     (2,139,435) 
     (812,141)

    CASH FLOWS FROM INVESTING ACTIVITIES 

    Purchase of property, plant and equipment 
     —  
     (60,526,213)
  
    Net cash provided by (used in) investing activities 
     —  
     (60,526,213)

    CASH FLOWS FROM FINANCING ACTIVITIES 

    Repayment of finance lease obligation 
     (260,997) 
     (264,094)
  
    Net cash used