Company: GURE
Filing Date: 2025-04-11
Form Type: 10-K
Source: 0001193805-25-000461
Chunk: 224

Company: GULF RESOURCES, INC.
Filing Date: 2025-04-11
Form: 10-K
Item: Item 3
Chunk 224
---
,043,790 
  
    Net revenue (intersegment) 
     —  
     —  
     —  
     —  
     —  
     —  
     — 
  
    Loss from operations before income tax expense 
     (10,005,755) 
     640,309  
     (1,653,349) 
     (86,284) 
     (11,105,079) 
     (785,646) 
     (11,890,725)
  
    Income tax (expense) benefit 
     (3,214,629) 
     (323,988) 
     —  
     —  
     (3,538,617) 
     —  
     (3,538,617)
  
    Loss from operations after income tax (expense) benefit 
     (13,220,384) 
     316,321  
     (1,653,349) 
     (86,284) 
     (14,643,696) 
     (785,646) 
     (15,429,342)
  
    Total assets 
     104,414,525  
     11,747,999  
     108,259,342  
     1,983,126  
     226,404,992  
     266,716  
     226,671,708 
  
    Depreciation and amortization 
     25,354,200  
     1,369,812  
     313,735  
     101,842  
     27,139,589  
     —  
     27,139,589 
  
    Capital expenditures 
     —  
     —  
     —  
     —  
     —  
     —  
     — 

* Certain common production overheads,
operating and administrative expenses and asset items (mainly cash and certain office equipment) of bromine and crude salt segments in
SCHC were split by reference to the average selling price and production volume of the respective segment.

    F-24 

GULF RESOURCES, INC.

AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL
STATEMENTS

DE