Company: GURE
Filing Date: 2025-11-19
Form Type: 10-Q
Source: 0001193805-25-001627
Chunk: 108

Company: GULF RESOURCES, INC.
Filing Date: 2025-11-19
Form: 10-Q
Item: Item 2
Chunk 108
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 on our accounts receivable had
a major impact on our overall liquidity. The following table presents the aging analysis of our accounts receivable as of September 30,
2025 and December 31, 2024.

    September 30, 2025 
    December 31, 2024

    % of total 
      
    % of total
  
    Aged 1-30 days 
    $3,422,564  
     100% 
    $419,581  
     74%
  
    Aged 31-60 days 
     —  
     —  
     144,942  
     26%
  
    Aged 61-90 days 
     —  
     —  
     —  
     — 
  
    Aged 91-120 days 
     —  
     —  
     —  
     — 
  
    Aged 121-150 days 
     —  
     —  
     —  
     — 
  
    Aged 151-180 days 
     —  
     —  
     —  
     — 
  
    Aged 181-210 days 
     —  
     —  
     —  
     — 
  
    Aged 211-240 days 
     —  
     —  
     —  
     — 
  
    Total 
    $3,422,564  
     100% 
    $564,523  
     100%

The overall accounts receivable balance as of September 30, 2025 increased
by $2,858,041, as compared to those of December 31, 2024. We have policies in place to ensure that sales are made to customers with an
appropriate credit history. We perform ongoing credit evaluation on the financial condition of our customers.

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