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Related Party Transactions and Balances (Tables) | 6 Months Ended
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Jun. 30, 2024
Related Party Transactions [Abstract] |
Schedule of related party transactions and balances | P urchases from a related party – consisted of the following:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ |  | Nature of |  | For the Three Months Ended June 30, |  | For the Six Months Ended June 30,
Name of Related Party | ​ | Relationship | ​ | transactions | ​ | 2024 | ​ | 2023 | ​ | 2024 | ​ | 2023
​ | ​ | ​ | ​ | ​ | ​ | USD | ​ | USD | ​ | USD | ​ | USD
Focal Capital Holding Limited | ​ | An entity under common control | ​ | Purchase | ​ | $ | 1,177,582 | ​ | $ | 2,121,969 | ​ | $ | 2,754,804 | ​ | $ | 4,969,730
Foremost Worldwide Co., Ltd |  | An entity under common control |  | Purchase | ​ | ​ | 2,401,118 | ​ | ​ | 427,516 | ​ | ​ | 3,954,057 | ​ | ​ | 1,080,745
Rizhao Foremost Woodwork Manufacturing Co., Ltd. | ​ | An entity under common control |  | Purchase | ​ | ​ | 7,045 | ​ | ​ | — | ​ | ​ | 24,069 | ​ | ​ | —
Foremost Home Inc. | ​ | An entity under common control |  | Purchase | ​ | ​ | — | ​ | ​ | 206,143 | ​ | ​ | — | ​ | ​ | 206,143
​ | ​ | ​ | ​ | ​ | ​ | $ | 3,585,745 | ​ | $ | 2,755,628 | ​ | $ | 6,732,930 | ​ | $ | 6,256,618
​ The ending balance of such transactions as of June 30, 2024 and December 31, 2023, are listed of the following: Prepayments — related parties
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | As of | ​ | As of
​ |  | June 30, |  | December 31,
Name of Related Party | ​ | 2024 | ​ | 2023
​ | ​ | USD | ​ | USD
​ | ​ | ​ | ​ | ​
Focal Capital Holding Limited | ​ | $ | 11,658,181 | ​ | $ | 6,658,498
Rizhao Foremost Woodwork Manufacturing Co., Ltd. | ​ | ​ | 15,917 | ​ | ​ | 9,181
​ | ​ | $ | 11,674,098 | ​ | $ | 6,667,679
​ Accounts Payables — related parties
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | As of | ​ | As of
​ |  | June 30, |  | December 31,
Name of Related Party | ​ | 2024 | ​ | 2023
​ | ​ | USD | ​ | USD
​ | ​ | ​ | ​ | ​
Foremost Worldwide Co., Ltd | ​ | $ | 1,016,263 | ​ | $ | 735,308
​ | ​ | $ | 1,016,263 | ​ | $ | 735,308
Other Payables (Receivables) — related parties
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | As of | ​ | As of
​ |  | ​ |  | Nature of |  | June 30, |  | December 31,
Name of Related Party | ​ | Relationship | ​ | transactions | ​ | 2024 | ​ | 2023
​ | ​ | ​ | ​ | ​ | ​ | USD | ​ | USD
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Foremost Home Inc. (“FHI”) | ​ | An entity under common control | ​ | Shared services and Miscellaneous expenses | ​ | ​ | 1,853,015 | ​ | ​ | 1,183,612
Foremost Worldwide Co., Ltd | ​ | An entity under common control | ​ | Shared services and Miscellaneous expenses | ​ | ​ | 266,176 | ​ | ​ | (251,008)
Focal Capital Holding Limited | ​ | An entity under common control | ​ | Shared services and Miscellaneous expenses | ​ | ​ | 12,756 | ​ | ​ | —
F.P.Z. Furniture (Cambodia) Co., Ltd | ​ | An entity under common control | ​ | Shared services and Miscellaneous expenses | ​ | ​ | (124,938) | ​ | ​ | —
​ | ​ | ​ | ​ | ​ | ​ | $ | 2,007,009 | ​ | $ | 932,604

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- References No definition available. + Details
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- Definition Tabular disclosure of related party transactions. Examples of related party transactions include, but are not limited to, transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners and (d) affiliates. + References No definition available. + Details
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