Segment information

12 Months Ended

Dec. 31, 2024

Segment Reporting [Abstract]

Segment information

Segment information

The Company follows ASC 280, “Segment Reporting” and adopted ASU 2023-07, “Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures”. The Company has one reporting segment. The Company’s chief operating decision maker has been identified as the chief executive officer, who reviews consolidated results when making decisions about allocating resources and assessing performance of the Company, and hence the Company has only one reportable segment which derives its revenue from the supply of bath and kitchen products.

The accounting policies of the kitchen and bath segment are the same as those described in the summary of significant accounting policies. The measure of segment net income (loss) is reported on the consolidated statements of operations and comprehensive (loss) income as net income (loss). The measure of segment total assets is reported on the consolidated balance sheets as total assets.

The Company's segment revenue, segment expenses, segment net income (loss), and a reconciliation of the total reportable segment's net income (loss) to the consolidated net income (loss) are as follows:

	Kitchen and Bath Segment
	For the Years Ended December 31,
	2024		2023
	USD		USD
Revenue	$	131,818,073	$	117,241,604
Less:
Cost of revenue	96,390,733		85,164,322
Selling and distribution expenses	25,627,634		19,971,912
General and administrative expenses	10,199,914		8,424,083
Research and development expenses	1,699,383		1,376,844
Other segment items(1)	182,507		916,655
(Benefit of) provision for income taxes	(547,821)		808,224
Segment net (loss) income	(1,734,277)		579,564
Reconciliation of profit or loss
Adjustments and reconciling items	—		—
Consolidated net (loss) income	$	(1,734,277)	$	579,564

(1) Other segment items included interest income, interest expense and non-recurring other income and expenses.