Company: GURE
Filing Date: 2025-11-19
Form Type: 10-Q
Source: 0001193805-25-001627
Chunk: 41

Company: GULF RESOURCES, INC.
Filing Date: 2025-11-19
Form: 10-Q
Item: Item 1
Chunk 41
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* 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 until April 2022. Commencing May 2022,
costs were assigned to the two subsidiaries (SCHC and SHSI) by independent accounting.

    14 

GULF RESOURCES, INC.

AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

SEPTEMBER 30, 2025

 (Expressed in U.S. dollars)

(UNAUDITED)

NOTE 18 – BUSINESS SEGMENTS – Continued

    Nine-Month Period Ended September 30, 2025 
    Bromine* 
    Crude  Salt* 
    Chemical  Products 
    Natural Gas 
    Segment  Total 
    Corporate 
    Total
  
    Net revenue  (external customers) 
    $17,210,574  
    $1,782,239  
    $—  
    $—  
    $18,992,813  
    $—  
    $18,992,813 
  
    Net revenue  (intersegment) 
     —  
     —  
     —  
     —  
     —  
     —  
     — 
  
    Loss from operations before income tax benefit 
     (3,775,713) 
     (247,727) 
     (1,055,947) 
     (127,880) 
     (5,207,267) 
     (487,554) 
     (5,694,821)
  
    Income tax benefit (expense) 
     —  
     —  
     —  
     —  
     —  
     —  
     — 
  
    Loss from operations after  income tax benefit (expense) 
     (3,775,713) 
     (247,727) 
     (1,055,947) 
     (127,880) 
     (5,207,267)