Company: GURE
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001193805-25-001184
Chunk: 87

Company: GULF RESOURCES, INC.
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 2
Chunk 87
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    Three-Month Period   Ended June 30, 2025 
    Three-Month Period Ended June 30, 2024 
    Percent Change Increase/ (Decrease)
  
    Net revenue 
    $8,343,785  
    $2,383,169  
     250%
  
    Cost of net revenue 
     (7,357,130) 
     (5,112,058) 
     44%
  
    Gross profit (loss) 
     986,655  
     (2,728,889) 
     136%
  
    Sales and marketing expenses 
     (14,802) 
     (13,633) 
     9%
  
    Direct labor and factory overheads incurred during plant shutdown 
     (727,774) 
     (1,714,503) 
     (58%)
  
    General and administrative expenses 
     (994,765) 
     (689,972) 
     44%
  
    Loss from operations 
     (750,686) 
     (5,146,997) 
     (85%)
  
    Interest income, net 
     (19,879) 
     9,977  
     (299%)
  
    Other expense, net 
     (3,212) 
     —  
     N/A 
  
    Loss on disposal of property, plant and equipment 
     —  
     (29,169,008) 
     (100%)
  
    Loss before taxes 
     (773,777) 
     (34,306,028) 
     (98%)
  
    Income tax benefit 
     —  
     1,208,110  
     — 
  
    Net Loss 
    $(773,777) 
    $(33,097,918) 
     (98%)

Net Loss of $773,777 for the three-month periods
ended June 30, 2025 was mainly attributable to increased General and administrative expenses.

Net Loss of $33,097,918 for the three-month periods
ended June 30, 2024 was mainly attributable to decreased sales and reduced margins. The company also suffered a loss of $29,169,008 on
retirement of fixed assets .

Net revenue.  The table
below shows the changes in net