Related party transactions and balances (Tables)

12 Months Ended

Dec. 31, 2024


Name of Related Party	Relationship	Nature of Transactions	For the Years Ended December 31,
			2024		2023
			USD		USD
Foremost Worldwide Co., Ltd.	An entity under common control	Sales	$	799,967	$	—
			$	799,967	$	—

Purchases from related parties


Name of Related Party	Relationship	Nature of Transactions	For the Years Ended December 31,
			2024		2023
			USD		USD
Focal Capital Holding Limited	An entity under common control	Purchases	$	6,157,455	$	7,003,714
Foremost Worldwide Co., Ltd.	An entity under common control	Purchases	8,385,673		2,308,468
Rizhao Foremost Woodwork Manufacturing Co., Ltd.	An entity under common control	Purchases	330,722		16,026
F.P.Z. Furniture (Cambodia) Co., Ltd.	An entity under common control	Purchases	125,208		575,061
Foremost Australasia Pty Ltd	An entity under common control	Purchases	—		409,777
			$	14,999,058	$	10,313,046

The ending balances of such transactions as of December 31, 2024 and 2023 are listed of the following:

Prepayments — related parties


Name of Related Party	As of December 31, 2024		As of December 31, 2023
	USD		USD

Focal Capital Holding Limited	$	9,975,298	$	6,658,498
Rizhao Foremost Woodwork Manufacturing Co., Ltd.	—		9,181
	$	9,975,298	$	6,667,679

Accounts Payables — related parties


Name of Related Party	As of December 31, 2024		As of December 31, 2023
	USD		USD

Foremost Worldwide Co., Ltd.	$	718,605	$	735,308
Rizhao Foremost Woodwork Manufacturing Co., Ltd.	$	56,389	$	—
F.P.Z. Furniture (Cambodia) Co., Ltd.	$	119,667	$	—
	$	894,661	$	735,308

Name of Related Party

Relationship

Nature of
Transactions

As of
December 31,
2024

As of
December 31,
2023

USD

Foremost Home Inc. (“FHI”)

An entity under common control

Shared services and Miscellaneous expenses

2,654,286

1,183,612

Foremost Worldwide Co., Ltd.

An entity under common control

Shared services and Miscellaneous expenses

(340,901)

(251,008)

F.P.Z. Furniture (Cambodia) Co., Ltd.

An entity under common control

Shared services and Miscellaneous expenses

(291,710)

—

2,021,675

932,604