XML 37 R27.htm IDEA: XBRL DOCUMENT
v3.26.1

Summary of significant accounting policies (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2026
Accounting Policies [Abstract] |
Schedule of Property and Equipment, Net | Estimated useful lives are as follows:
| 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
Property and equipment, net consist of the following:
| As of March 31, 2026 |  | As of December 31, 2025
| USD |  | USD
Building | $ | 946,066 |  |  | $ | 946,066 |
Leasehold Improvements | 2,396,142 |  |  | 2,387,353 |
Machinery and equipment | 4,019,127 |  |  | 3,954,055 |
Furniture and fixtures | 281,498 |  |  | 281,498 |
Vehicles | 147,912 |  |  | 147,912 |
Molds | 26,377 |  |  | 26,377 |
Subtotal | 7,817,122 |  |  | 7,743,261 |
Less: accumulated depreciation | (4,066,100) |  |  | (3,889,397) |
Total | $ | 3,751,022 |  |  | $ | 3,853,864 |
Schedule of Disaggregated Revenues by Product Line | The Company’s disaggregated revenue is summarized as follows:
|  |  | For the Three Months Ended March 31,
|  |  |  |  | 2026 |  | 2025
|  |  |  |  | USD |  | USD
Revenue by product line |  |  |  |  |  |  |
Sanitaryware |  |  |  |  | $ | 16,126,369 |  |  | $ | 20,159,852 |
Bath Furniture |  |  |  |  | 4,546,147 |  |  | 4,100,382 |
Shower System |  |  |  |  | 6,480,302 |  |  | 5,686,317 |
Others |  |  |  |  | 3,348,642 |  |  | 3,265,997 |
Total |  |  |  |  | $ | 30,501,460 |  |  | $ | 33,212,548 |
Schedule of Revenues and Assets by Geographic Location |
|  |  |  |  | Total Revenue |  | Total Assets
|  |  | For the Three Months Ended March 31, |  | As of March 31, |  | As of December 31,
|  |  |  |  | 2026 |  | 2025 |  | 2026 |  | 2025
|  |  |  |  | USD |  | USD |  | USD |  | USD
Revenue/ total assets by geographic location |  |  |  |  |  |  |  |  |  |  |
United States |  |  |  |  | $ | 19,911,144 |  |  | $ | 21,168,372 |  |  | $ | 45,900,432 |  |  | $ | 46,087,727 |
Canada |  |  |  |  | 6,097,086 |  |  | 8,184,143 |  |  | 12,362,290 |  |  | 12,686,259 |
Europe |  |  |  |  | 3,582,073 |  |  | 3,104,994 |  |  | 1,857,621 |  |  | 2,393,191 |
Rest of World |  |  |  |  | 911,157 |  |  | 755,039 |  |  | 8,030,259 |  |  | 8,370,404 |
Total |  |  |  |  | $ | 30,501,460 |  |  | $ | 33,212,548 |  |  | $ | 68,150,602 |  |  | $ | 69,537,581 |
Schedule of Earnings Per Share | The following table sets forth the computation of basic and diluted earnings per share for the three months ended March 31, 2026 and 2025:
|  |  | For the Three Months Ended March 31,
|  |  |  |  | 2026 |  | 2025
|  |  |  |  | USD |  | USD
Numerator: |  |  |  |  |  |  |
Net loss attributable to FGI Industries Ltd. shareholders |  |  |  |  | $ | (969,405) |  |  | $ | (629,092) |
Denominator: |  |  |  |  |  |  |
Weighted-average number of ordinary shares outstanding — basic |  |  |  |  | 1,920,619 |  | 1,915,797
Potentially dilutive shares from outstanding options/warrants |  |  |  |  | — |  | —
Weighted-average number of ordinary shares outstanding — diluted |  |  |  |  | 1,920,619 |  | 1,915,797
Loss per share — basic |  |  |  |  | $ | (0.50) |  |  | $ | (0.33) |
Loss per share — diluted |  |  |  |  | $ | (0.50) |  |  | $ | (0.33) |

X
- References No definition available. + Details
Name: | us-gaap_AccountingPoliciesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479806/606-10-50-5 + Details
Name: | us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 360 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482099/360-10-50-1 + Details
Name: | us-gaap_PropertyPlantAndEquipmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 + Details
Name: | us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(1)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41 + Details
Name: | us-gaap_ScheduleOfRevenuesFromExternalCustomersAndLongLivedAssetsByGeographicalAreasTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration