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Related party transactions and balances | 3 Months Ended
--- | ---
Mar. 31, 2026
Related Party Transactions [Abstract] |
Related party transactions and balances | 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 |
Shared Service and Miscellaneous expenses – related party FGI Industries is party to the FHI Shared Services Agreement with FHI. Total amounts provided to FHI under the FHI Share Services Agreement were $144,805 and $170,963 for the three months ended March 31, 2026 and 2025, respectively, which were booked under selling and distribution expenses and general and administration expenses. FGI is party to the Worldwide Shared Services Agreement with Foremost Worldwide. Total amounts provided from Foremost Worldwide under the Worldwide Shared Services Agreement were $74,609 and $60,696 for the three months ended March 31, 2026 and 2025, respectively. Loan guarantee by a related party Liang Chou Chen holds approximately 49.91% of the voting control of Foremost, the Company’s majority shareholder, is a guarantor of the loans under the CTBC Credit Line and, together with his wife, Ms. Han Ping Chen, is a guarantor under the Credit Agreement. See Note 8 for details.

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- Definition The entire disclosure for related party transactions. Examples of related party transactions include 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/2003/role/disclosureRef -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/2003/role/disclosureRef -Topic 946 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480990/946-20-50-2 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480990/946-20-50-5 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480990/946-20-50-6 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 235 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477968/946-235-50-2 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 235 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477968/946-235-50-2 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-07(2)(g)(3)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-07(2)(c)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-07(2)(e)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 850 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/850/tableOfContent Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 850 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483326/850-10-50-6 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 850 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483326/850-10-50-1 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 850 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483326/850-10-50-1 + Details
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