Company: FGI
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001628280-25-015656
Chunk: 5

Company: FGI Industries Ltd.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 8
Chunk 5
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(4,034,016)3,368,740 Prepayments and other current assets1,284,680 (1,206,546)Prepayments and other receivables – related parties(3,960,942)(1,956,634)Other noncurrent assets(344,697)883,108 Income taxes(165,930)155,769 Accounts payable4,824,922 (194,362)Accounts payable - related parties159,353 630,866 Operating lease liabilities(2,207,636)(1,324,641)Accrued expenses and other current liabilities1,865,625 459,139 Net cash (used in) provided by operating activities(7,425,317)2,212,823 CASH FLOWS FROM INVESTING ACTIVITIESPurchase of property and equipment(2,206,052)(840,387)Purchase of intangible assets(669,764)(925,351)Net cash used in investing activities(2,875,816)(1,765,738)CASH FLOWS FROM FINANCING ACTIVITIESNet proceeds from (repayments of) revolving credit facility7,543,192 (2,835,876)Net cash provided by (used in) financing activities7,543,192 (2,835,876)EFFECT OF EXCHANGE RATE FLUCTUATION ON CASH(461,140)98,604 NET CHANGES IN CASH(3,219,081)(2,290,187)CASH, BEGINNING OF YEAR7,777,241 10,067,428 CASH, END OF YEAR$4,558,160 $7,777,241 SUPPLEMENTAL CASH FLOW INFORMATIONCash paid during the period for interest$(1,233,763)$(749,646)Cash paid during the period for income taxes$(1,112,640)$(552,163)NON-CASH INVESTING AND FINANCING ACTIVITIESNew addition on right-of-use assets$(158,082)$(7,204,742)Acquisition of intangible asset partially through prior period advanced payment$(1,241,664)$— _________________________________________________

The accompanying notes are an integral part of these consolidated financial statements.

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