v3.26.3
PAYABLE AND ACCRUED EXPENSES
6 Months Ended
Jun. 30, 2025
Payables and Accruals [Abstract]  
PAYABLE AND ACCRUED EXPENSES

NOTE 9 –PAYABLE AND ACCRUED EXPENSES

 

Payable and accrued expenses consist of the following:

 

  

June 30, 2025

(Restated)

  

December 31, 2024

(Restated)

 
Accounts payable  $380,812   $30,003 
Salary payable   216,190    323,655 
Social security insurance contribution payable   339,746    169,858 
Accrued expense for construction   5,332,180    5,310,040 
Accrued expense-others   494,310    611,721 
Total  $6,763,238   $6,445,277 

 

See Note 22- Restatement, for discussion regarding the impact of the Restatement.

 

 

GULF RESOURCES, INC.

AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

JUNE 30, 2025

(Expressed in U.S. dollars)

(UNAUDITED)