XML 51 R41.htm IDEA: XBRL DOCUMENT v3.23.2

BUSINESS SEGMENTS (Tables)

6 Months Ended

Jun. 30, 2023

Segment Reporting [Abstract]

Business Segments - Schedule of Segment Reporting Information by Segment

Three-Month Period Ended June 30, 2023		Bromine*				Crude  Salt*				Chemical  Products				Natural Gas				Segment  Total				Corporate				Total
Net revenue (external customers)		$	7,356,347			$	649,435			$	—			$	—			$	8,005,782			$	—			$	8,005,782
Net revenue (intersegment)			—				—				—				—				—				—				—
Income(loss) from operations before income tax benefit			(787,509	)			361,083				(416,019	)			(2,830	)			(845,275	)			(73,823	)			(919,098	)
Income tax benefit (expense)			188,650				(90,948	)			94,997				—				192,699				—				192,699
Income (loss) from operations after income tax benefit (expense)			(598,859	)			270,135				(321,022	)			(2,830	)			(652,576	)			(73,823	)			(726,399	)
Total assets			160,263,878				11,461,786				104,995,852				1,278,027				277,999,543				307,923				278,307,466
Depreciation and amortization			4,948,721				184,333				69,275				34,212				5,236,541				—				5,236,541
Capital expenditures			15,610				—				—				—				15,610				—				15,610

Business Segments - Schedule of Segment Reconciliations

		Three-Month Period Ended June 30,								Six-Month Period Ended June 30,
Reconciliations		2023				2022				2023				2022
Total segment operating Income (loss)		$	(845,275	)		$	4,931,609			$	(1,617,225	)		$	5,218,501
Corporate costs			(68,179	)			(67,987	)			(128,139	)			(136,177	)
Unrealized gain on translation of intercompany balance			(5,644	)			245,541				26,708				(38,248	)
Income (loss) from operations			(919,098	)			5,109,163				(1,718,656	)			5,044,076
Other income, net of expense			44,583				42,252				85,838				83,088
Income (loss) before taxes		$	(874,515	)		$	5,151,415			$	(1,632,818	)		$	5,127,164

Business Segments - Schedule of Revenue by Major Customers

The following table shows the major customer(s) (10% or more) for the three-month period ended June 30, 2023.

Business Segments - Schedule of Revenue by Major Customers

Revenue

Customer 

Number		Customer		Bromine (000’s)				Crude Salt (000’s)				Chemical Products (000’s)				Total Revenue  (000’s)				Percentage of Total Revenue (%)
1		Shandong Morui Chemical Company Limited		$	1,221			$	283			$	—			$	1,504				18.8	%
2		Shouguang Weidong Chemical Company Limited		$	1,130			$	192			$	—			$	1,322				16.5	%
3		Shandong Brother Technology Limited		$	1,129			$	174			$	—			$	1,303				16.3	%
4		Shandong Shouguang God Runfa Marine Chemical Company Limited		$	1,052			$	—			$	—			$	1,052				13.1	%

The following table shows the major customer(s) (10% or more) for the six-month period ended June 30, 2023.

Number		Customer		Bromine (000’s)				Crude Salt (000’s)				Chemical Products (000’s)				Total Revenue  (000’s)				Percentage of Total Revenue (%)
1		Shandong Morui Chemical Company Limited		$	2,397			$	544			$	—			$	2,941				17.1	%
2		Shandong Brother Technology Limited		$	2,311			$	459			$	—			$	2,770				16.1	%
3		Shouguang Weidong Chemical Company Limited		$	2,315			$	395			$	—			$	2,710				15.7	%
4		Shandong Shouguangshen Runfa Marine Chemical Company Limited		$	2,015			$	—			$	—			$	2,015				11.7	%

The following table shows the major customer(s) (10% or more) for the three-month period ended June 30, 2022.

Number		Customer		Bromine (000’s)				Crude Salt (000’s)				Chemical Products (000’s)				Total Revenue  (000’s)				Percentage of Total Revenue (%)
1		Shandong Morui Chemical Company Limited		$	1,812			$	652			$	—			$	2,464				15.7	%
2		Shandong Brother Technology Limited		$	1,661			$	668			$	—			$	2,329				14.8	%
3		Shouguang Weidong Chemical Company Limited		$	1,510			$	497			$	—			$	2,007				12.8	%

The following table shows the major customer(s) (10% or more) for the six-month period ended June 30, 2022.

Number		Customer		Bromine (000’s)				Crude Salt (000’s)				Chemical Products (000’s)				Total Revenue  (000’s)				Percentage of Total Revenue (%)
1		Shandong Morui Chemical Company Limited		$	2,752			$	965			$	—			$	3,717				15.1	%
2		Shandong Brother Technology Limited		$	2,443			$	909			$	—			$	3,352				13.6	%
3		Shouguang Weidong Chemical Company Limited		$	2,128			$	697			$	—			$	2,825				11.5	%

X

- Definition

Tabular disclosure of segment costs.

+ References

No definition available.

+ Details

Name:	gure_ScheduleOfSegmentCostTableTextBlock
Namespace Prefix:	gure_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the extent of the entity's reliance on its major customers, if revenues from transactions with a single external customer amount to 10 percent or more of entity revenues, including the disclosure of that fact, the total amount of revenues from each such customer, and the identity of the reportable segment or segments reporting the revenues. The entity need not disclose the identity of a major customer or the amount of revenues that each segment reports from that customer. For these purposes, a group of companies known to the entity to be under common control is considered a single customer, and the federal government, a state government, a local government such as a county or municipality, or a foreign government is each considered a single customer.

+ References

No definition available.

+ Details

Name:	us-gaap_ScheduleOfRevenueByMajorCustomersByReportingSegmentsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-25

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-30

+ Details

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

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