Company: GURE
Filing Date: 2025-04-11
Form Type: 10-K
Source: 0001193805-25-000461
Chunk: 513

Company: GULF RESOURCES, INC.
Filing Date: 2025-04-11
Form: 10-K
Item: Item 7A
Chunk 513
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,538,617)
  
    Loss from operations after income tax (expense) benefit 
     (13,220,384) 
     316,321  
     (1,653,349) 
     (86,284) 
     (14,643,696) 
     (785,646) 
     (15,429,342)
  
    Total assets 
     104,414,525  
     11,747,999  
     108,259,342  
     1,983,126  
     226,404,992  
     266,716  
     226,671,708 
  
    Depreciation and amortization 
     25,354,200  
     1,369,812  
     313,735  
     101,842  
     27,139,589  
     —  
     27,139,589 
  
    Capital expenditures 
     —  
     —  
     —  
     —  
     —  
     —  
     — 

* 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.

    F-24 

GULF RESOURCES, INC.

AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL
STATEMENTS

DECEMBER 31, 2024

(Expressed in U.S. dollars)

    Years Ended December 31,
  
    Reconciliations 
    2024 
    2023
  
    Total segment operating loss 
    $(20,539,156) 
    $(11,105,079)
  
    Corporate costs 
     (744,493) 
     (785,646)
  
    Unrealized gain (loss) on translation of intercompany balance 
     —  
     — 
  
    Loss from operations 
     (21,283,649) 
     (11,890,725)
  
    Other expense, net 
     (62,113) 
     144,919 
  
    Expenditure on water pollution treatment 
     —  
     (46,510