Company: FGI
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001628280-25-040149
Chunk: 57

Company: FGI Industries Ltd.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 57
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$18,082,905 $17,334,714 $38,242,757 $37,852,276 Bath Furniture4,138,223 4,031,120 8,238,605 7,120,331 Shower System5,230,862 5,889,847 10,917,179 11,650,716 Others3,546,270 2,115,268 6,812,267 3,501,145 Total$30,998,260 $29,370,949 $64,210,808 $60,124,468 Total RevenueTotal AssetsFor the Three Months EndedJune 30,For the Six Months EndedJune 30,As ofJune 30,As ofDecember 31,202520242025202420252024USD USDUSDUSDUSDUSDRevenue/ total assets by geographic locationUnited States$17,970,861 $18,039,583 $39,139,233 $37,637,488 $47,066,909 $47,935,433 Canada8,768,471 8,593,329 16,952,614 16,474,410 14,192,927 15,027,362 Europe3,636,110 2,659,858 6,741,104 5,855,046 2,112,212 1,625,994 Rest of World622,818 78,179 1,377,857 157,524 8,329,636 10,872,626 Total$30,998,260 $29,370,949 $64,210,808 $60,124,468 $71,701,684 $75,461,415 Shipping and Handling CostsShipping and handling costs are expensed as incurred and are included in selling and distribution expenses on the accompanying statement of operations. For the three months ended June 30, 2025 and 2024, shipping and handling expense was $342,981 and $253,742, respectively. For the six months ended June 30, 2025 and 2024, shipping and handling expense was $699,135 and $500,851, respectively. Share-based compensationThe Company accounts for share-based compensation in accordance with ASC 718, Compensation — Stock Compensation (“ASC 718”). In accordance with ASC