Company: GURE
Filing Date: 2025-05-13
Form Type: 10-Q
Source: 0001193805-25-000638
Chunk: 26

Company: GULF RESOURCES, INC.
Filing Date: 2025-05-13
Form: 10-Q
Item: Part I, Item 1
Chunk 26
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222        644,677         67,663          32,962        4,003,524        —              4,003,524    
  Capital expenditures                                           —                —               —               —             —                —              —            

  Three-Month Period Ended March 31, 2024                                                                                                                                    
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Net revenue                                                     1,146,197      116,671         —                44,194           1,307,062      —               1,307,062  
  Net revenue                                                             —      —               —                —                        —      —                       —  
  Loss from operations before income expense                    ( 4,782,815      ( 75,092        ( 314,824        ( 27,709       ( 5,200,440      ( 68,979      ( 5,269,419  
  Income tax (expense) benefit                                    1,198,071      —               71,989           —                1,270,060      —               1,270,060  
  Loss from operations after income taxes(expense) benefit      ( 3,584,744      ( 75,092        ( 242,835        ( 27,709       ( 3,930,380      ( 68,979      ( 3,999,359  
  Total assets                                                  100,370,933      11,517,576      107,776,242      1,912,377      221,577,128      250,287       221,827,415  
  Depreciation and amortization                                   4,449,468      181,891         68,357           33,759           4,733,475      —               4,733,475  
  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.

NOTE 17 - BUSINESS SEGMENTS - Continued

                                                                     Three-Month Period Ended March 31,                                              
  Reconciliations                                                    2025                                                     2024                   
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