Nature of Business and Organization (Tables)

9 Months Ended

Sep. 30, 2022

Schedule of ownership interests

Name	Background	Ownership
FGI Industries, Inc.	●  A New Jersey corporation	100% owned by FGI
(formerly named Foremost Groups, Inc.)	●  Incorporated on January 5, 1988
	●  Sales and distribution in the United States
FGI Europe Investment Limited	●  A British Virgin Islands holding company	100% owned by FGI
	●  Incorporated on January 1, 2007
FGI International, Limited	●  A Hong Kong company	100% owned by FGI
	●  Incorporated on June 2, 2021
	●  Sales, sourcing and product development
FGI Canada Ltd.	●  A Canada company	100% owned by FGI
	●  Incorporated on October 17, 1997	Industries, Inc.
	●  Sales and distribution in Canada
FGI Germany GmbH & Co. KG	●  A German company	100% owned by FGI Europe
	●  Incorporated on January 24, 2013	Investment Limited
	●  Sales and distribution in Germany
FGI China, Ltd.	●  A PRC limited liability company	100% owned by FGI
	●  Incorporated on August 19, 2021	International, Limited
	●  Sourcing and product development
FGI United Kingdom Ltd	●  An UK company	100% owned by FGI Europe
	●  Incorporated on December 10, 2021	Investment Limited
	●  Sales and distribution in UK

Business Allocated from FGI Industries to Foremost Home, Inc. [Member]

Schedule of net results of reorganized operations

	For the Three Months Ended				For the Nine Months Ended
	September 30,				September 30,
	2022		2021		2022		2021
	USD		USD		USD		USD
Revenues	$	10,081,416	$	8,953,237	$	30,743,753	$	42,534,691
Cost of revenues		(8,653,083)		(7,756,254)		(25,201,282)		(36,495,493)
Gross profit		1,428,333		1,196,983		5,542,471		6,039,198
Selling and distribution expenses		(1,187,198)		(1,293,023)		(3,509,028)		(3,620,940)
General and administrative expenses		(38,403)		(375,742)		(281,532)		(1,144,992)
Research and development expenses		(59,228)		(130,824)		(219,331)		(444,771)
Income (loss) from operations	$	143,504	$	(602,606)	$	1,532,580	$	828,495

Business Allocated from Foremost Worldwide Co., Ltd., to FGI International [Member]

Schedule of net results of reorganized operations

	For the Three Months Ended				For the Nine Months Ended
	September 30,				September 30,
	2022		2021		2022		2021
	USD		USD		USD		USD
Revenues	$	474,213	$	34,385,099	$	25,022,959	$	84,095,512
Cost of revenues		(398,768)		(31,565,859)		(22,853,884)		(74,694,183)
Gross profit		75,445		2,819,240		2,169,075		9,401,329
Selling and distribution expenses		(15,687)		(287,315)		(522,321)		(1,261,384)
General and administrative expenses		(137,987)		(308,657)		(424,861)		(913,683)
Research and development expenses		(11,893)		(18,978)		(27,080)		(73,782)
Income (loss) from operations	$	(90,122)	$	2,204,290	$	1,194,813	$	7,152,480