Company: GURE
Filing Date: 2025-11-19
Form Type: 10-Q
Source: 0001193805-25-001627
Chunk: 33

Company: GULF RESOURCES, INC.
Filing Date: 2025-11-19
Form: 10-Q
Item: Item 1
Chunk 33
---
 as a
full valuation allowance was recorded in the three and nine months ended September 30, 2025 and 2024. 

 The following table summarizes all Company
stock option transactions between January 1, 2025 and September 30, 2025.

Stock-Based Compensation - Schedule of Stock
Option Activity

    Number of Option 
and Warrants 
Outstanding and exercisable
     
    Weighted- Average Exercise price of Option 
and Warrants
     
    Range of 
Exercise Price per Common Share
  
    Balance, January 1, 2025

    —

    $
    —

    —

    Granted during the period

    —

    —

    —

    Exercised during the period

    —

    —

    —

    Expired during the period

    —

    $
    —

    $
    —

    Balance, September 30, 2025

    —

    $
    —

    —

    Stock Options and Warrants Outstanding and Exercisable

    Weighted Average

    Remaining

    Outstanding at September  30, 2025

    Range of
    Exercise Prices

    Contractual Life
     (Years)

    Outstanding and exercisable

    —

    —

    —

All options exercisable and outstanding at September
30, 2025 are fully vested. As of September 30, 2025 there was no unrecognized compensation cost related to outstanding stock options,

The aggregate intrinsic value of options outstanding and exercisable
as of September 30, 2025 was $0.

During the three and nine months ended September
30, 2025 and 2024, there were no options exercised. 

    12 

GULF RESOURCES, INC.

AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

SEPTEMBER 30, 2025

 (Expressed in U.S. dollars)

(UNAUDITED)

NOTE
16 – ACCRUED LIABILITIES

On September
18, 2023, Shandong Shouguang Vegetable Industry Group Co., Ltd. and Shandong Shouguang Vegetable Seed Group Co., Ltd. entered
into loan agreements with Shandong Deepin City Emergency Loan Fund Co., Ltd.. A total of nine companies and individuals providing
guarantee to these loans, including SCHC and SYCI. As of July 2024, Shangdong Shouguang Vegetable Industry