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CUSTOMER CONCENTRATION
6 Months Ended
Jun. 30, 2025
Risks and Uncertainties [Abstract]  
CUSTOMER CONCENTRATION

NOTE 18 – CUSTOMER CONCENTRATION

 

During the six-month period ended June 30, 2025, the Company sold 65.2% of its products to its top five customers. As of June 30, 2025, amounts due from these customers were $2,207,307.

 

During the six-month period ended June 30, 2024, the Company sold 60% of its products to its top five customers. As of June 30, 2024, amounts due from these customers were $1,063,926.

 

 

GULF RESOURCES, INC.

AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

JUNE 30, 2025

(Expressed in U.S. dollars)

(UNAUDITED)