Gulf Resources, Inc.
Balance Sheet
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Cash & Equivalents | $3.8K | $10.1M | $72.2M | $108.2M | $95.8M | $94.2M | $100.3M | — |
| Accounts Receivable | $3.3M | $564.5K | $4.9M | $5.4M | — | — | — | — |
| Inventory | $562.8K | $315.4K | $577.2K | $1.6M | $691.1K | $419.6K | $690.1K | $0 |
| Total Current Assets | $24.6M | $17.5M | $86.1M | $119.4M | $115.4M | $107.3M | $107.2M | $187.3M |
| Property, Plant & Equipment | $61.9M | $89.4M | $112.2M | $149.9M | $162.7M | $148.9M | $138.0M | $82.3M |
| Goodwill | — | — | — | — | — | — | — | $0 |
| Intangible Assets (Excl. Goodwill) | — | — | — | — | — | — | — | — |
| Total Assets | $133.7M | $167.8M | $226.7M | $292.4M | $309.9M | $294.0M | $279.3M | $298.5M |
| Liabilities | ||||||||
| Accounts Payable | $146.1K | $30.0K | $207.0K | $57.6K | $202.3K | $480.0K | $0 | $905.3K |
| Total Current Liabilities | $8.2M | $13.0M | $12.6M | $11.8M | $13.9M | $7.1M | $6.3M | $2.6M |
| Long-Term Debt | — | — | — | — | — | — | — | — |
| Total Liabilities | $22.3M | $25.0M | $21.4M | $20.8M | $23.2M | $17.0M | $16.1M | $4.7M |
| Stockholders' Equity | ||||||||
| Retained Earnings | — | — | — | — | — | — | — | — |
| Total Stockholders' Equity | $111.5M | $142.8M | $205.2M | $271.6M | $286.6M | $277.0M | $263.1M | $293.9M |