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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2025
Dec. 31, 2024
CURRENT ASSETS    
Cash $ 1,899,801 $ 4,558,160
Accounts receivable, net of allowances of 1,210,930 and 1,193,748 as of December 31, 2025 and 2024, respectively 13,847,762 20,293,555
Inventories, net 15,292,742 13,957,867
Total current assets 51,543,423 52,897,962
PROPERTY AND EQUIPMENT, NET 3,853,864 3,634,340
OTHER ASSETS    
Intangible assets, net 1,733,616 1,849,951
Operating lease right-of-use assets, net 11,031,892 12,823,747
Deferred tax assets, net 211,581 2,665,585
Other noncurrent assets 1,163,205 1,589,830
Total other assets 14,140,294 18,929,113
Total assets 69,537,581 75,461,415
CURRENT LIABILITIES    
Short-term loans 11,868,828 14,502,367
Income tax payable 0 23,189
Operating lease liabilities – current 1,700,936 1,867,956
Accrued expenses and other current liabilities 5,607,405 5,905,124
Total current liabilities 43,914,924 42,542,826
OTHER LIABILITIES    
Operating lease liabilities – noncurrent 10,012,616 11,352,939
Total liabilities 53,927,540 53,895,765
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS’ EQUITY    
Preference Shares ($0.0001 par value, 2,000,000 shares authorized, no shares issued and outstanding as of December 31, 2025 and 2024) 0 0
Ordinary shares ($0.0005 par value, 40,000,000 shares authorized, 1,920,140 and 1,912,783 shares issued and outstanding as of December 31, 2025 and 2024, respectively) 960 956
Additional paid-in capital 21,612,226 21,279,047
(Accumulated deficit) retained earnings (2,927,091) 3,212,435
Accumulated other comprehensive loss (1,402,946) (2,239,560)
FGI Industries Ltd. shareholders’ equity 17,283,149 22,252,878
Non-controlling interests (1,673,108) (687,228)
Total shareholders’ equity 15,610,041 21,565,650
Total liabilities and shareholders’ equity 69,537,581 75,461,415
Nonrelated Party    
CURRENT ASSETS    
Prepayments and other current assets 3,228,259 2,091,407
CURRENT LIABILITIES    
Accounts payable 24,687,900 19,349,529
Related Party    
CURRENT ASSETS    
Prepayments and other current assets 17,274,859 11,996,973
CURRENT LIABILITIES    
Accounts payable $ 49,855 $ 894,661