Company: GURE
Filing Date: 2025-11-19
Form Type: 10-Q
Source: 0001193805-25-001627
Chunk: 66

Company: GULF RESOURCES, INC.
Filing Date: 2025-11-19
Form: 10-Q
Item: Item 1
Chunk 66
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 gas segment

Gross profit for our natural gas segment for the three-month
period ended September 30, 2025 and 2024 was $0 and $16,936 respectively. The decrease in income was due to the fact that the relevant
documents of the client were incomplete, which prevented us from continuing the cooperation.

Direct labor and factory overheads incurred
during plant shutdown On September 1, 2017, the Company received notification from the government of Yangkou County, Shouguang
City of PRC that stated that production at all its bromine and crude salt and chemical factories should be halted with immediate effect
in order for the Company to perform rectification and improvement in accordance with the county’s new safety and environmental protection
requirements. On November 24, 2017, the Company received a letter from the Government of Yangkou County, Shouguang City notifying the
Company to relocate its two chemical production plants located in the second living area of the Qinghe Oil Extraction Plant to Bohai
Park. As a result, direct labor and factory overhead costs (including depreciation of plant and machinery) in the amount of $580,178 and
$1,736,345 incurred for the three-month periods ended September 30, 2025 and 2024, respectively, of factories that have not resumed production
were presented as part of the operating expense.

25 

General and Administrative Expenses
General and administrative expenses were $785,533 for the three-month period ended September 30, 2025, representing an decrease of $216,966
as compared to $1,002,529 for the same period in 2024.

Loss from Operations Loss from operations was $333,928
for the three-month period ended September 30, 2025, compared to loss from operations of $4,581,609 in the same period in 2024.

    Loss from Operations by Segment

    Three-Month Period Ended September 30, 2025 
    Three-Month Period Ended September 30, 2024
  
    Segment: 
      
    % of total 
      
    % of total
  
    Bromine 
    $(274,496) 
     128.98% 
    $(4,029,999) 
     89.34%
  
    Crude Salt 
     453,824  
     (213.24%) 
     (102,657) 
     2