v3.26.1
Summary of significant accounting policies (Tables)
 3 Months Ended
Mar. 31, 2026
Accounting Policies [Abstract]  
Schedule of Property and Equipment, Net 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
March 31, 2026		As of
December 31, 2025
USDUSD
Building$946,066 $946,066 
Leasehold Improvements2,396,142 2,387,353 
Machinery and equipment4,019,127 3,954,055 
Furniture and fixtures281,498 281,498 
Vehicles147,912 147,912 
Molds26,377 26,377 
Subtotal7,817,122 7,743,261 
Less: accumulated depreciation(4,066,100)(3,889,397)
Total$3,751,022 $3,853,864 
Schedule of Disaggregated Revenues by Product Line
The Company’s disaggregated revenue is summarized as follows:
For the Three Months Ended
March 31,
20262025
USDUSD
Revenue by product line  
Sanitaryware$16,126,369 $20,159,852 
Bath Furniture4,546,147 4,100,382 
Shower System6,480,302 5,686,317 
Others3,348,642 3,265,997 
Total$30,501,460 $33,212,548 
Schedule of Revenues and Assets by Geographic Location
Total RevenueTotal Assets
For the Three Months Ended
March 31,		As of
March 31,		As of
December 31,
2026202520262025
USDUSDUSDUSD
Revenue/ total assets by geographic location
United States$19,911,144 $21,168,372 $45,900,432 $46,087,727 
Canada6,097,086 8,184,143 12,362,290 12,686,259 
Europe3,582,073 3,104,994 1,857,621 2,393,191 
Rest of World911,157 755,039 8,030,259 8,370,404 
Total$30,501,460 $33,212,548 $68,150,602 $69,537,581 
Schedule of Earnings Per Share
The following table sets forth the computation of basic and diluted earnings per share for the three months ended March 31, 2026 and 2025:
For the Three Months Ended
March 31,
20262025
USD USD
Numerator:
Net loss attributable to FGI Industries Ltd. shareholders$(969,405)$(629,092)
Denominator:  
Weighted-average number of ordinary shares outstanding — basic
1,920,6191,915,797
Potentially dilutive shares from outstanding options/warrants——
Weighted-average number of ordinary shares outstanding — diluted
1,920,6191,915,797
Loss per share — basic$(0.50)$(0.33)
Loss per share — diluted$(0.50)$(0.33)