Company: GURE
Filing Date: 2025-11-19
Form Type: 10-Q
Source: 0001193805-25-001627
Chunk: 61

Company: GULF RESOURCES, INC.
Filing Date: 2025-11-19
Form: 10-Q
Item: Item 1
Chunk 61
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 $9,044,581  
    $2,242,365  
     303%
  
    Cost of net revenue 
     (7,996,785) 
     (4,071,616) 
     96%
  
    Gross profit(loss) 
     1,047,796  
     (1,829,251) 
     (157%)
  
    Sales and marketing expenses 
     (16,013) 
     (13,484) 
     19%
  
    Direct labor and factory overheads incurred during plant shutdown 
     (580,178) 
     (1,736,345) 
     (67%)
  
    General and administrative expenses 
     (785,533) 
     (1,002,529) 
     (24%)
  
    Loss from operations 
     (333,928) 
     (4,581,609) 
     (93%)
  
    Interest income, net 
     (17,206) 
     (14,971) 
     15%
  
    Other expense, net 
     (3,521,613) 
     —  
     — 
  
    Loss on disposal of long-lived assets 
     (2,008,853) 
     —  
     — 
  
    Impairment of long-lived assets 
     (29,782,912) 
     —  
     — 
  
    Loss before taxes 
     (35,664,512) 
     (4,596,580) 
     676%
  
    Income tax benefit 
     —  
     1,103,697  
     (100%)
  
    Net loss 
    $(35,664,512) 
    $(3,492,883) 
     921%

Net Loss of $35,664,512 for the three-month periods
ended September 30, 2025.

The increase in net loss was mainly due to a rise
of 2,008,853 in loss on disposal of long-lived assets, a rise of 29,782,912 in impairment of long-lived assets, and an increase of 3,521,613
in provision accrued liabilities.

Net revenue.  The table
below shows the changes in net revenue in the respective segment of the Company for the three