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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2024
Dec. 31, 2023
CURRENT ASSETS    
Cash $ 1,307,092 $ 7,777,241
Accounts receivable, net 17,589,395 16,195,543
Inventories, net 12,804,781 9,923,852
Prepayments and other current assets 2,122,441 4,617,751
Prepayments and other receivables - related parties $ 13,681,107 $ 7,600,283
Other Receivable, after Allowance for Credit Loss, Current, Related Party, Type Related Party [Member] Related Party [Member]
Total current assets $ 47,504,816 $ 46,114,670
PROPERTY AND EQUIPMENT, NET 2,897,079 1,910,491
OTHER ASSETS    
Intangible assets 1,977,587 102,227
Operating lease right-of-use assets, net 13,974,220 15,203,576
Deferred tax assets, net 1,783,667 1,168,833
Other noncurrent assets 1,741,360 1,245,133
Total other assets 19,476,834 17,719,769
Total assets 69,878,729 65,744,930
CURRENT LIABILITIES    
Short-term loans 9,692,200 6,959,175
Income tax payable   189,119
Operating lease liabilities - current 1,732,944 1,595,998
Accrued expenses and other current liabilities 4,254,152 4,039,499
Total current liabilities 34,005,829 28,043,706
OTHER LIABILITIES    
Operating lease liabilities - noncurrent 12,526,869 13,674,452
Total liabilities 46,532,698 41,718,158
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS' EQUITY    
Preference Shares ($0.0001 par value, 10,000,000 shares authorized, no shares issued and outstanding as of June 30, 2024 and December 31, 2023)
Ordinary shares ($0.0001 par value, 200,000,000 shares authorized, 9,563,914 and 9,547,607 shares issued and outstanding as of June 30, 2024 and December 31, 2023, respectively) 956 955
Additional paid-in capital 21,205,922 20,877,832
Retained earnings 4,164,900 4,413,524
Accumulated other comprehensive loss (1,559,057) (1,111,499)
FGI Industries Ltd. shareholders' equity 23,812,721 24,180,812
Non-controlling interests (466,690) (154,040)
Total shareholders' equity 23,346,031 24,026,772
Total liabilities and shareholders' equity 69,878,729 65,744,930
Nonrelated Party [Member]    
CURRENT LIABILITIES    
Accounts payable 17,310,270 14,524,607
Related Party [Member]    
CURRENT LIABILITIES    
Accounts payable $ 1,016,263 $ 735,308