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v3.24.1

Summary of Significant Accounting Policies (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Accounting Policies [Abstract] |
Schedule of property and equipment, net | ​
​ | ​ | ​
​ |  | Useful Life
Building | ​ | 20 years
Leasehold Improvements | ​ | Lesser of lease term and expected useful life
Machinery and equipment |  | 3 – 5 years
Furniture and fixtures |  | 3 – 5 years
Vehicles |  | 5 years
Molds |  | 3 – 5 years
​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | As of | ​ | As of
​ |  | December 31, 2023 |  | December 31, 2022
​ |  | USD | ​ | USD
​ | ​ | ​ | ​ | ​
Building | ​ | $ | 946,066 | ​ | $ | 946,066
Leasehold Improvements | ​ | ​ | 1,695,361 | ​ | ​ | 1,074,206
Machinery and equipment | ​ |  | 1,613,439 | ​ |  | 2,246,610
Furniture and fixtures | ​ |  | 259,449 | ​ |  | 516,310
Vehicles | ​ |  | 147,912 | ​ |  | 147,913
Molds | ​ |  | 26,377 | ​ |  | 26,377
Subtotal | ​ |  | 4,688,604 | ​ |  | 4,957,482
Less: accumulated depreciation | ​ |  | (2,778,113) | ​ |  | (3,687,511)
Total | ​ | $ | 1,910,491 | ​ | $ | 1,269,971
Schedule of disaggregated revenues by product line | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the Years Ended
​ | ​ | December 31,
​ | ​ | 2023 | ​ | 2022
​ |  | USD |  | USD
Revenues by product line | ​ | ​ |  |  | ​ |
Sanitaryware | ​ | $ | 75,551,117 | ​ | $ | 104,806,342
Bath Furniture | ​ |  | 14,770,376 | ​ |  | 29,519,728
Shower System | ​ | ​ | 19,997,197 | ​ | ​ | 21,586,888
Others | ​ |  | 6,922,914 | ​ |  | 5,805,585
Total | ​ | $ | 117,241,604 | ​ | $ | 161,718,543
Schedule of revenues and assets by geographic location | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Revenues | ​ | Total assets
​ | ​ | For the Years Ended | ​ | As of
​ | ​ | December 31, | ​ | December 31,
​ | ​ | 2023 | ​ | 2022 | ​ | 2023 | ​ | 2022
​ |  | USD |  | USD | ​ | USD |  | USD
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Revenues/ total assets by geographic location | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
United States | ​ | $ | 74,572,336 | ​ | $ | 103,255,662 | ​ | $ | 38,401,665 | ​ | $ | 38,364,005
Canada | ​ |  | 31,092,989 | ​ |  | 41,025,288 | ​ |  | 17,850,709 | ​ |  | 14,584,946
Europe | ​ | ​ | 11,477,070 | ​ | ​ | 16,844,015 | ​ | ​ | 528,068 | ​ | ​ | 343,946
Rest of World | ​ |  | 99,209 | ​ |  | 593,578 | ​ |  | 8,964,488 | ​ |  | 7,074,033
Total | ​ | $ | 117,241,604 | ​ | $ | 161,718,543 | ​ | $ | 65,744,930 | ​ | $ | 60,366,930
Schedule of earnings per share | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the Year Ended
​ | ​ | December 31,
​ | ​ | 2023 | ​ | 2022
​ |  | USD |  | USD
Numerator: | ​ | ​ | ​ | ​ | ​ | ​
Net income attributable to FGI Industries Ltd. Shareholders | ​ | $ | 733,604 | ​ | $ | 3,679,920
​ | ​ | ​ | ​ | ​ | ​ | ​
Denominator: | ​ |  | ​ | ​ |  | ​
Weighted-average number of ordinary shares outstanding — basic | ​ | ​ | 9,525,434 | ​ | ​ | 9,335,616
Potentially dilutive shares from outstanding options/warrants | ​ | ​ | 295,678 | ​ | ​ | 6,305
Weighted-average number of ordinary shares outstanding — diluted | ​ | ​ | 9,821,112 | ​ | ​ | 9,341,921
​ | ​ | ​ | ​ | ​ | ​ | ​
Earnings per share — basic | ​ | $ | 0.08 | ​ | $ | 0.39
Earnings per share — diluted | ​ | $ | 0.07 | ​ | $ | 0.39

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