Company: GURE
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001193805-25-001184
Chunk: 41

Company: GULF RESOURCES, INC.
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 1
Chunk 41
---
, 2025

 (Expressed in U.S. dollars)

(UNAUDITED)

NOTE 17 – BUSINESS SEGMENTS – Continued

    Three-Month Period Ended June 30, 
    Six-Month Period Ended June 30,
  
    Reconciliations 
    2025 
    2024 
    2025 
    2024
  
    Total segment operating Loss 
    $(666,072) 
    $(4,945,589) 
    $(4,994,443) 
    $(10,146,029)
  
    Corporate costs 
     (84,614) 
     (201,408) 
     (366,450) 
     (270,387)
  
    Unrealized gain on translation of intercompany balance 
     —  
     —  
     —  
     — 
  
    Loss from operations 
     (750,686) 
     (5,146,997) 
     (5,360,893) 
     (10,416,416)
  
    Interest income, net of expense 
     (19,879) 
     9,977  
     (39,172) 
     21,207 
  
    Other Expenses,net 
     (3,212) 
     —  
     (3,212) 
     (4,003)
  
    Loss on disposal of property, plant and equipment 
     —  
     (29,169,008) 
     —  
     (29,169,008)
  
    Loss before taxes 
    $(773,777) 
    $(34,306,028) 
    $(5,403,277) 
    $(39,568,220)

The following table shows the major customer(s) (10% or more) for the
three-month period ended June 30, 2025.

Business Segments - Schedule of
Revenue by Major Customers

    Number 
    Customer 
    Bromine (000’s) 
    Crude Salt (000’s) 
    Chemical Products (000’s)  
    Total Revenue  (000’s) 
    Percentage of Total Revenue (%)
  
     1  
    Shandong Morui Chemical Company Limited 
    $1,132  
    $236  
    $—  
    $1,368