Company: GURE
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001193805-25-001184
Chunk: 102

Company: GULF RESOURCES, INC.
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 2
Chunk 102
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     —  
     144,942  
     26%
  
    Aged 61-90 days 
     —  
     —  
     —  
     — 
  
    Aged 91-120 days 
     —  
     —  
     —  
     — 
  
    Aged 121-150 days 
     —  
     —  
     —  
     — 
  
    Aged 151-180 days 
     —  
     —  
     —  
     — 
  
    Aged 181-210 days 
     —  
     —  
     —  
     — 
  
    Aged 211-240 days 
     —  
     —  
     —  
     — 
  
    Total 
    $3,150,850  
     100% 
    $564,523  
     100%

The overall accounts receivable balance as of June 30, 2025 increased
by $2,586,327, as compared to those of December 31, 2024. We have policies in place to ensure that sales are made to customers with an
appropriate credit history. We perform ongoing credit evaluation on the financial condition of our customers.

Inventory

Our inventory consists of the following:

    June 30, 2025 
    December 31, 2024

    % of total 
      
    % of total
  
    Raw materials 
    $37,545  
     7% 
    $10,610  
     3%
  
    Finished goods 
     477,468  
     93% 
     304,761  
     97%
  
    Total 
    $515,013  
     100% 
    $315,371  
     100%

The net inventory level as of June 30, 2025 increased
by $199,642 (or 63%), as compared to the net inventory level as of December 31, 2024. The increase in inventory is due to the growth in
current sales volume.

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