v3.26.3
ACCOUNTS RECEIVABLE, NET
3 Months Ended
Mar. 31, 2025
Credit Loss [Abstract]  
ACCOUNTS RECEIVABLE, NET

NOTE 2 –ACCOUNTS RECEIVABLE, NET

 

   March 31, 2025   December 31, 2024 
         
Accounts receivable  $2,143,976   $594,234 
Allowance for doubtful debt   (29,754)   (29,711)

Accounts receivable, net

  $2,114,222   $564,523 

 

The overall accounts receivable balance as of March 31, 2025 increased by $1,549,699 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 evaluations on the financial condition of our customer.

 

 

GULF RESOURCES, INC.

AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

MARCH 31, 2025

(Expressed in U.S. dollars)

(UNAUDITED)