Company: GURE
Filing Date: 2025-11-19
Form Type: 10-Q
Source: 0001193805-25-001627
Chunk: 92

Company: GULF RESOURCES, INC.
Filing Date: 2025-11-19
Form: 10-Q
Item: Item 2
Chunk 92
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C. The following discussion should be
read in conjunction with our condensed consolidated financial statements and notes thereto appearing elsewhere in this report.

22 

RESULTS OF OPERATIONS

The following table presents certain information
derived from the condensed consolidated statements of operations, cash flows and stockholders equity for the three-month and nine-month
periods ended September 30, 2025 and 2024. 

Comparison of the Three-Month Period Ended
September 30, 2025 and 2024

    Three-Month Period Ended September 30, 2025 
    Three-Month Period Ended September 30, 2024 
    Percent Change Increase/ (Decrease)
  
    Net revenue 
    $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