XML 24 R37.htm IDEA: XBRL DOCUMENT v2.4.0.6

INCOME TAXES (Tables)

9 Months Ended

Sep. 30, 2012

INCOME TAXES [Abstract]

Provision for Income Taxes From Continuing Operations

		Three-Month Period Ended September 30,								Nine-Month Period Ended September 30,
		2012				2011				2012				2011
Current taxes - PRC		$	1,418,892			$	3,075,375			$	4,567,725			$	14,286,566
Deferred taxes - PRC			110,434				104,171				271,260				(1,821,553	)
		$	1,529,326			$	3,179,546			$	4,838,985			$	12,465,013

Reconciliation of Effective Tax Rate

		Three-Month Period Ended September 30,								Nine-Month Period Ended September 30,
Reconciliations		2012				2011				2012				2011
Statutory income tax rate			25	%			25	%			25	%			25	%
Non-deductible expenses			0	%			10	%			0	%			2	%
Change in valuation allowance - US federal net operating loss			2	%			1	%			2	%			2	%
Effective tax rate			27	%			36	%			27	%			29	%

Components of Deferred Tax Assets and Liabilities

		September 30, 2012				December 31, 2011
Deferred tax liabilities		$	-			$	-
Deferred tax assets:
Allowance for obsolete and slow-moving inventories		$	3,694			$	3,718
Impairment on property, plant and equipment			634,964				639,031
Exploration costs			1,771,168				1,797,391
Repair and maintenance costs			40,646				224,984
Property, plant and equipment			-				73,059
Compensation costs of unexercised stock options			1,806,930				1,635,809
US federal net operating loss			8,762,745				8,476,012
Total deferred tax assets			13,020,147				12,850,004
Valuation allowance			(10,569,675	)			(10,111,821	)
Net deferred tax asset		$	2,450,472			$	2,738,183
Current deferred tax asset		$	44,340			$	228,702
Long-term deferred tax asset		$	2,406,132			$	2,509,481

X

- Definition

Schedule Of Income Taxes Current And Deferred [Table Text Block]

+ References

No definition available.

+ Details

Name:	gure_ScheduleOfIncomeTaxesCurrentAndDeferredTableTextBlock
Namespace Prefix:	gure_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Details

Name:	us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319

+ Details

Name:	us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 12

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32687-109319

+ Details

Name:	us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration