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v3.26.1

Related party transactions and balances (Tables) | 3 Months Ended
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Mar. 31, 2026
Related Party Transactions [Abstract] |
Schedule of Related Party Transactions and Balances | Sales to a related party
Name of Related Party |  | Relationship |  | Nature of Transactions |  |  |  | For the Three Months Ended March 31,
|  |  |  |  |  |  | 2026 |  | 2025
|  |  |  |  |  |  |  |  |  | USD |  | USD
Foremost Worldwide Co., Ltd. |  | An entity under common control |  | Sales |  |  |  |  |  | $ | 911,157 |  |  | $ | 735,560 |
|  |  |  |  |  |  |  |  |  | $ | 911,157 |  |  | $ | 735,560 |
Purchases from related parties
Name of Related Party |  | Relationship |  | Nature of Transactions |  |  |  | For the Three Months Ended March 31,
|  |  |  |  |  |  | 2026 |  | 2025
|  |  |  |  |  |  |  |  |  | USD |  | USD
Focal Capital Holding Limited |  | An entity under common control |  | Purchases |  |  |  |  |  | $ | 1,300,986 |  |  | $ | 1,502,734 |
Foremost Worldwide Co., Ltd. |  | An entity under common control |  | Purchases |  |  |  |  |  | 955,403 |  |  | 1,344,110 |
Rizhao Foremost Woodwork Manufacturing Co., Ltd. |  | An entity under common control |  | Purchases |  |  |  |  |  | 42,288 |  |  | 149,622 |
|  |  |  |  |  |  |  |  |  | $ | 2,298,677 |  |  | $ | 2,996,466 |
The ending balances of such transactions as of March 31, 2026 and December 31, 2025 are listed of the following: Prepayments, other receivables and payables — related parties
Name of Related Party |  | Relationship |  | Nature of Transactions |  | As of March 31, 2026 |  | As of December 31, 2025
|  |  |  |  |  | USD |  | USD
Focal Capital Holding Limited |  | An entity under common control |  | Purchases |  | $ | 2,817,069 |  |  | $ | 4,118,054 |
Foremost Worldwide Co., Ltd. |  | An entity under common control |  | Purchases |  | 11,204,269 |  |  | 9,978,936 |
Foremost Home Inc. (“FHI”) |  | An entity under common control |  | Shared services and Miscellaneous expenses |  | 2,705,909 |  |  | 3,621,746 |
Foremost Worldwide Co., Ltd. |  | An entity under common control |  | Shared services and Miscellaneous expenses |  | (68,608) |  |  | (370,368) |
Focal Capital Holding Limited |  | An entity under common control |  | Miscellaneous expenses |  | 250 |  |  | — |
F.P.Z. Furniture (Cambodia) Co., Ltd. |  | An entity under common control |  | Miscellaneous expenses |  | — |  |  | (73,509) |
|  |  |  |  |  | $ | 16,658,889 |  |  | $ | 17,274,859 |
Accounts Payables — related parties
Name of Related Party |  | As of March 31, 2026 |  | As of December 31, 2025
|  | USD |  | USD
Rizhao Foremost Woodwork Manufacturing Co., Ltd. |  | $ | 40,144 |  |  | $ | 49,855 |
|  | $ | 40,144 |  |  | $ | 49,855 |

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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 Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 850 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483326/850-10-50-1 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 850 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483326/850-10-50-1 + Details
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