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Summary of Significant Accounting Policies (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2024
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
​ |  | June 30, 2024 |  | December 31, 2023
​ |  | USD | ​ | USD
​ | ​ | ​ | ​ | ​
Building | ​ | $ | 946,066 | ​ | $ | 946,066
Leasehold Improvements | ​ | ​ | 2,829,927 | ​ | ​ | 1,695,361
Machinery and equipment | ​ |  | 1,731,582 | ​ |  | 1,613,439
Furniture and fixtures | ​ |  | 278,578 | ​ |  | 259,449
Vehicles | ​ |  | 147,912 | ​ |  | 147,912
Molds | ​ |  | 26,377 | ​ |  | 26,377
Subtotal | ​ |  | 5,960,442 | ​ |  | 4,688,604
Less: accumulated depreciation | ​ |  | (3,079,463) | ​ |  | (2,778,113)
Prepayment for purchase of equipment and construction-in-progress | ​ | ​ | 16,100 | ​ | ​ | —
Total | ​ | $ | 2,897,079 | ​ | $ | 1,910,491
Schedule of disaggregated revenues by product line | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the Three Months Ended | ​ | For the Six Months Ended | ​
​ | ​ | June 30, | ​ | June 30, | ​
​ | ​ | 2024 | ​ | 2023 | ​ | 2024 | ​ | 2023 | ​
​ |  | USD |  | USD |  | USD |  | USD |
Revenue by product line |  | ​ |  |  | ​ |  | ​ | ​ |  |  | ​ |  | ​
Sanitaryware | ​ | $ | 17,334,714 | ​ | $ | 18,816,220 | ​ | $ | 37,852,276 | ​ | $ | 34,170,766 | ​
Bath Furniture | ​ |  | 4,031,120 | ​ |  | 4,813,239 | ​ |  | 7,120,331 | ​ |  | 9,779,897 | ​
Shower System | ​ | ​ | 5,889,847 | ​ | ​ | 4,286,672 | ​ | ​ | 11,650,716 | ​ | ​ | 9,317,229 | ​
Others | ​ |  | 2,115,268 | ​ |  | 1,273,782 | ​ |  | 3,501,145 | ​ |  | 3,084,287 | ​
Total | ​ | $ | 29,370,949 | ​ | $ | 29,189,913 | ​ | $ | 60,124,468 | ​ | $ | 56,352,179 | ​
Schedule of revenues and assets by geographic location | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Total Revenue | ​ | Total Revenue | ​ | Total Assets | ​ | ​
​ | ​ | For the Three Months Ended | ​ | For the Six Months Ended | ​ | As of | ​ | As of | ​ | ​
​ | ​ | June 30, | ​ | June 30, | ​ | June 30, | ​ | December 31, | ​ | ​
​ | ​ | 2024 | ​ | 2023 | ​ | 2024 | ​ | 2023 | ​ | 2024 | ​ | 2023 | ​ | ​
​ |  | USD |  | USD |  | USD |  | USD | ​ | USD |  | USD |  | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Revenue/ total assets by geographic location | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
United States | ​ | $ | 18,039,583 | ​ | $ | 19,033,168 | ​ | $ | 37,637,488 | ​ | $ | 36,565,294 | ​ | $ | 44,641,133 | ​ | $ | 38,401,665 | ​ | ​
Canada | ​ |  | 8,593,329 | ​ |  | 7,517,459 | ​ |  | 16,474,410 | ​ |  | 14,038,444 | ​ |  | 13,961,515 | ​ |  | 17,850,709 | ​ | ​
Europe | ​ | ​ | 2,659,858 | ​ | ​ | 2,639,286 | ​ | ​ | 5,855,046 | ​ | ​ | 5,748,441 | ​ | ​ | 746,056 | ​ | ​ | 528,068 | ​ | ​
Rest of World | ​ |  | 78,179 | ​ |  | — | ​ |  | 157,524 | ​ |  | — | ​ |  | 10,530,025 | ​ |  | 8,964,488 | ​ | ​
Total | ​ | $ | 29,370,949 | ​ | $ | 29,189,913 | ​ | $ | 60,124,468 | ​ | $ | 56,352,179 | ​ | $ | 69,878,729 | ​ | $ | 65,744,930 | ​ | ​
Schedule of earnings per share | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the Three Months Ended | ​ | For the Six Months Ended
​ | ​ | June 30, | ​ | June 30,
​ | ​ | 2024 | ​ | 2023 | ​ | 2024 | ​ | 2023
​ | ​ | USD |  | USD |  | USD |  | USD
Numerator: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net income (loss) attributable to FGI Industries Ltd. Shareholders | ​ | $ | 163,565 | ​ | $ | 88,481 | ​ | $ | (248,624) | ​ | $ | (214,894)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Denominator: | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
Weighted-average number of ordinary shares outstanding — basic | ​ | ​ | 9,564,779 | ​ | ​ | 9,500,000 | ​ | ​ | 9,566,433 | ​ | ​ | 9,500,000
Potentially dilutive shares from outstanding options/warrants | ​ | ​ | 134,782 | ​ | ​ | 192,500 | ​ | ​ | — | ​ | ​ | —
Weighted-average number of ordinary shares outstanding — diluted | ​ | ​ | 9,699,561 | ​ | ​ | 9,692,500 | ​ | ​ | 9,566,433 | ​ | ​ | 9,500,000
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Earnings (loss) per share — basic | ​ | $ | 0.02 | ​ | $ | 0.01 | ​ | $ | (0.03) | ​ | $ | (0.02)
Earnings (loss) per share — diluted | ​ | $ | 0.02 | ​ | $ | 0.01 | ​ | $ | (0.03) | ​ | $ | (0.02)

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