v3.25.1
Consolidated Statements of Changes in Shareholders' Equity
$ in Thousands, $ in Thousands
Common Stock [Member]
USD ($)
shares
Common Stock [Member]
HKD ($)
shares
Additional Paid-in Capital [Member]
USD ($)
Additional Paid-in Capital [Member]
HKD ($)
Statutory Reserve [Member]
USD ($)
Statutory Reserve [Member]
HKD ($)
AOCI Attributable to Parent [Member]
USD ($)
AOCI Attributable to Parent [Member]
HKD ($)
Retained Earnings [Member]
USD ($)
Retained Earnings [Member]
HKD ($)
USD ($)
HKD ($)
Balance at Dec. 31, 2021   $ 8     $ 2,806   $ 3,130   $ 31,530   $ 37,474
Balance, shares at Dec. 31, 2021 | shares [1] 10,000,000 10,000,000                    
Net income (loss) for the year           8,653   8,653
Dividend declared           (10,000)   (10,000)
Foreign currency translation         (2,575)     (2,575)
Reorganization     2,492         2,492
Ending balance at Dec. 31, 2022   $ 8   2,492   2,806   555   30,183   36,044
Balance, Shares at Dec. 31, 2022 | shares [1] 10,000,000 10,000,000                    
Net income (loss) for the year           (1,462)   (1,462)
Foreign currency translation         (809)     (809)
Issuance of ordinary shares, net of issuance costs   $ 1   26,002         26,003
Issuance of ordinary shares, net of issuance costs shares | shares [1] 1,000,000 1,000,000                    
Ending balance at Dec. 31, 2023   $ 9   28,494   2,806   (254)   28,721   59,776
Balance, Shares at Dec. 31, 2023 | shares [1] 11,000,000 11,000,000                    
Net income (loss) for the year           (15,482) $ (1,993) (15,482)
Foreign currency translation         (854)     (854)
Issuance of ordinary shares, net of issuance costs     2,076         2,076
Issuance of ordinary shares, net of issuance costs shares | shares [1] 62,500 62,500                    
Ending balance at Dec. 31, 2024 $ 1 $ 9 $ 3,936 $ 30,570 $ 361 $ 2,806 $ (143) $ (1,108) $ 1,704 $ 13,239 $ 5,859 $ 45,516
Balance, Shares at Dec. 31, 2024 | shares [1] 11,062,500 11,062,500                    
[1] In connection with the undertaking of a public offering of the Company’s ordinary shares, the Company has performed a series of re-organizing transactions resulting in 10,000,000 shares of ordinary shares outstanding effected on November 18, 2022 that have been retroactively restated to the beginning of the first period presented. On December 1, 2023 the Company closed the IPO. The offering was conducted pursuant to the Company’s registration statement and 1,000,000 shares of ordinary shares were issued at the IPO price of $5.00 per share after the offering. The Shares were approved for listing on The Nasdaq Capital Market and commenced trading under the ticker symbol “FEBO.” On January 11, 2024, the representative of the underwriters partially exercised the over-allotment option and on January 16, 2024 purchased 62,500 ordinary shares at the IPO price of $5.00 per share.