GULF RESOURCES, INC. Commitments Disclosure
NOTE 20 – CAPITAL COMMITMENT AND OTHER SERVICE CONTRACTUAL OBLIGATIONS
The following table sets forth the Company’s contractual obligations as of December 31, 2022:
| Property Management Fees | Capital Expenditure | |||||||
| Payable within: | ||||||||
| the next 12 months | $ | 89,574 | $ | 14,698,491 | ||||
| the next 13 to 24 months | 89,574 | 989,708 | ||||||
| the next 25 to 36 months | 89,574 | — | ||||||
| the next 37 to 48 months | 89,574 | — | ||||||
| the next 49 to 60 months | 89,574 | — | ||||||
| Total | $ | 447,870 | $ | 15,689,199 | ||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2022 | Mar 31, 2023 | Showing above |
| 2021 | Apr 12, 2022 | |
| 2020 | Apr 8, 2021 | |
| 2019 | Apr 14, 2020 | |
| 2018 | Mar 15, 2019 | |
| 2017 | Mar 16, 2018 | |
| 2016 | Mar 17, 2017 | |
| 2015 | Mar 15, 2016 | |
About Commitments Disclosures
Commitments and contingencies disclosures catalog a company's off-balance-sheet obligations and legal exposures — purchase commitments, guarantee arrangements, pending litigation, and regulatory proceedings. These items represent potential future cash outflows that may not appear as liabilities on the balance sheet until they become probable and estimable.
Key signals: litigation reserves and disclosed loss ranges quantify management's estimate of legal exposure, but unquantified "reasonably possible" losses often represent the larger risk. Watch for changes in language around pending cases — shifts from "remote" to "reasonably possible" or increases in estimated loss ranges signal deteriorating outcomes. Unconditional purchase obligations and take-or-pay contracts create fixed cost structures that reduce operational flexibility. Guarantee arrangements for subsidiaries or joint ventures can create cascading obligations. Compare the total commitment schedule against projected free cash flow to assess whether the company can meet its obligations without additional financing.