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Summary of significant accounting policies (Tables)
12 Months Ended
Dec. 31, 2025
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. Upon retirement or disposal, the cost and accumulated depreciation are removed from the accounts and any gain or loss is included in the consolidated statements of operations and comprehensive income (loss). Maintenance and repair costs are charged against earnings as incurred. 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, 2025
As of
December 31, 2024
USDUSD
Building$946,066 $946,066 
Leasehold Improvements2,387,353 1,919,687 
Machinery and equipment3,954,055 3,549,167 
Furniture and fixtures281,498 274,994 
Vehicles147,912 147,912 
Molds26,377 26,377 
Subtotal7,743,261 6,864,203 
Less: accumulated depreciation(3,889,397)(3,311,647)
Prepayment for purchase of equipment and construction-in-progress— 81,784 
Total$3,853,864 $3,634,340 
Schedule of Disaggregated Revenues by Product Line
The Company’s disaggregated revenue is summarized as follows:
For the Year Ended
December 31,
20252024
USDUSD
Revenue by product line
Sanitaryware$80,331,947 $81,109,955 
Bath Furniture14,204,305 14,739,205 
Shower System22,581,882 25,521,977 
Others13,410,518 10,446,936 
Total$130,528,652 $131,818,073 
Schedule of Revenues and Assets by Geographic Location
Total RevenueTotal Assets
For the Year Ended
December 31,
As of
December 31,
2025202420252024
USDUSDUSDUSD
Revenue/ total assets by geographic location
United States$80,692,411 $82,378,167 $46,087,727 $47,935,433 
Canada33,349,087 35,151,631 12,686,259 15,027,362 
Europe14,210,646 13,301,990 2,393,191 1,625,994 
Rest of World2,276,508 986,285 8,370,404 10,872,626 
Total$130,528,652 $131,818,073 $69,537,581 $75,461,415 
Schedule of Earnings Per Share
The following table sets forth the computation of basic and diluted earnings per share for the year ended December 31, 2025 and 2024:
For the Year Ended
December 31,
20252024
USDUSD
Numerator:
Net loss attributable to FGI Industries Ltd. shareholders$(6,139,526)$(1,201,089)
Denominator:
Weighted-average number of ordinary shares outstanding basic
1,918,0611,913,033
Potentially dilutive shares from outstanding options/warrants
Weighted-average number of ordinary shares outstanding — diluted
1,918,0611,913,033
Loss per share — basic$(3.20)$(0.63)
Loss per share — diluted$(3.20)$(0.63)