Company: GURE
Filing Date: 2025-04-11
Form Type: 10-K
Source: 0001193805-25-000461
Chunk: 329

Company: GULF RESOURCES, INC.
Filing Date: 2025-04-11
Form: 10-K
Item: Item 5
Chunk 329
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 $207,038,150 

    Liabilities and Stockholders’ Equity 

    Current Liabilities 

    Other payables and accrued expenses 
    $8,265,349  
    $185,042 
  
    Amounts due to related parties 
     1,462,110  
     1,462,110 
  
    Amounts due to group companies 
     142,702  
     142,702 
  
    Total Current Liability 
     9,870,161  
     1,789,854 

    Total Liabilities 
    $9,870,161  
    $1,789,854 

    Stockholders’ Equity 

    PREFERRED STOCK; $0.001 par value; 1,000,000 shares authorized; none outstanding 
    $—  
    $— 
  
    COMMON STOCK; $0.0005
    par value; 80,000,000
    shares authorized; 11,012,754
    shares issued; and 10,726,924
    shares outstanding as of December 31, 2024 and December 31, 2023 
     24,623  
     24,623 
  
    Treasury stock; 285,830 shares as of December 31, 2024 and December 31, 2023 at cost 
     (1,372,673) 
     (1,372,673)
  
    Additional paid-in capital 
     101,688,262  
     101,688,262 
  
    Share to be issued 
     194,700  
     — 
  
    Retained earnings unappropriated 
     37,358,804  
     96,294,256 
  
    Retained earnings appropriated 
     26,667,097  
     26,667,097 
  
    Cumulative translation adjustment 
     (20,854,143) 
     (18,053,269)
  
    Total Stockholders’ Equity 
     143,706,670  
     205,248,296 
  
    Total Liabilities and Stockholders’ Equity 
    $153,576,831  
    $207,038,150 

    S-1 

Condensed Statements of Comprehensive Loss

    Years Ended December 31,

    2024 
    2023