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Summary of significant accounting policies (Tables)
 12 Months Ended
Dec. 31, 2024
Accounting Policies [Abstract]  
Schedule of Property and Equipment, Net
Property and equipment are stated at cost net of accumulated depreciation and impairment. Depreciation is provided over the estimated useful lives of the assets using the straight-line method from the time the assets are placed in service. Estimated useful lives are as follows:
Useful Life
Building20 years
Leasehold Improvements
Lesser of lease term and expected useful life
Machinery and equipment
3 – 5 years
Furniture and fixtures
3 – 5 years
Vehicles5 years
Molds
3 – 5 years
Property and equipment, net consist of the following:
As of
December 31, 2024		As of
December 31, 2023
USDUSD
Building$946,066 $946,066 
Leasehold Improvements1,919,687 1,695,361 
Machinery and equipment3,549,167 1,613,439 
Furniture and fixtures274,994 259,449 
Vehicles147,912 147,912 
Molds26,377 26,377 
Subtotal6,864,203 4,688,604 
Less: accumulated depreciation(3,311,647)(2,778,113)
Prepayment for purchase of equipment and construction-in-progress81,784 — 
Total$3,634,340 $1,910,491 
Schedule of Disaggregated Revenues by Product Line
The Company’s disaggregated revenue is summarized as follows:
For the Years Ended
December 31,
20242023
USDUSD
Revenue by product line
Sanitaryware$81,109,955 $75,551,117 
Bath Furniture14,739,205 14,770,376 
Shower System25,521,977 19,997,197 
Others10,446,936 6,922,914 
Total$131,818,073 $117,241,604 
Schedule of Revenues and Assets by Geographic Location
Total RevenueTotal Assets
For the Years Ended
December 31,		As of
December 31,
2024202320242023
USDUSDUSDUSD
Revenue/ total assets by geographic location
United States$82,378,167 $74,572,336 $47,935,433 $38,401,665 
Canada35,151,631 31,092,989 15,027,362 17,850,709 
Europe13,301,990 11,477,070 1,625,994 528,068 
Rest of World986,285 99,209 10,872,626 8,964,488 
Total$131,818,073 $117,241,604 $75,461,415 $65,744,930 
Schedule of Earnings Per Share
The following table sets forth the computation of basic and diluted earnings per share for the year ended December 31, 2024 and 2023:
For the Years Ended
December 31,
20242023
USDUSD
Numerator:
Net (loss) income attributable to FGI Industries Ltd. shareholders$(1,201,089)$733,604
Denominator:
Weighted-average number of ordinary shares outstanding — basic
9,565,1679,525,434
Potentially dilutive shares from outstanding options/warrants—295,678
Weighted-average number of ordinary shares outstanding — diluted
9,565,1679,821,112
Earnings (loss) per share — basic$(0.13)$0.08 
Earnings (loss) per share — diluted$(0.13)$0.07