Company: GURE
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001193805-25-001184
Chunk: 31

Company: GULF RESOURCES, INC.
Filing Date: 2025-08-13
Form: 10-Q
Item: Item 1
Chunk 31
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 Omnibus Equity
Incentive Plan adopted and approved in 2019 (“2019 Plan”), awards under the 2019 Plan is limited in the aggregate to 2,068,398
shares of our common stock, inclusive of the awards that were previously issued and outstanding under the Company’s 2007 Equity
Incentive Plan, as amended (the “2007 Plan”). Upon adoption and approval of the 2019 Plan, the 2007 Plan was frozen, no new
awards will be granted under the 2007 Plan, and outstanding awards under the 2007 Plan will continue to be governed by the terms and condition
of the 2007 Plan and applicable award agreement. As of June 30, 2025, the number of shares of the Company’s common stock available
for grant of awards under the 2019 Plan was 1,801 shares.

The fair value of each option award is estimated
on the date of grant using the Black-Scholes option-pricing model. The risk free rate is based on the yield-to-maturity in continuous
compounding of the US Government Bonds with the time-to-maturity similar to the expected tenor of the option granted, volatility is based
on the annualized historical stock price volatility of the Company, and the expected life is based on the historical option exercise pattern.

For the three and six months ended June 30, 2025 and 2024, total compensation
costs for options issued recorded in the consolidated statement of loss were $0. There were no related tax benefits as a full valuation
allowance was recorded in the three and six months ended June 30, 2025 and 2024. 

The following table summarizes all Company stock
option transactions between January 1, 2025 and June 30, 2025.

Stock-Based Compensation - Schedule of Stock
Option Activity

     Number
of Option and Warrants Outstanding and exercisable  
     Weighted-
Average Exercise price of Option and Warrants  
     Range
of Exercise Price per Common Share 
  
    Balance, January 1, 2025 
     —  
    $—  
    $— 
  
    Granted during the period 
     —  
     —  
     — 
  
    Exercised during the period 
     —  
     —  
     — 
  
    Expired during the period 
     —