Company: FGI
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001628280-25-040149
Chunk: 105

Company: FGI Industries Ltd.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 8
Chunk 105
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 sheets, separate from equity attributable to the shareholders of the Company. Non-controlling interests in the results of operations of the Company are presented on the unaudited condensed consolidated statements of operations and comprehensive loss as allocations of the net income or loss for the period between non-controlling shareholders and the shareholders of the Company.Comprehensive income (loss)Comprehensive income (loss) consists of two components: net income and other comprehensive income. Other comprehensive income (loss) refers to revenue, expenses, gains and losses that under U.S. GAAP are recorded as an element of equity but are excluded from net income. Other comprehensive income consists of a foreign currency translation adjustment resulting from the Company not using the U.S. Dollar as its functional currencies.Earnings (loss) per shareThe Company computes earnings (loss) per share (“EPS”) in accordance with ASC 260 – Earnings per Share (“ASC 260”). ASC 260 requires companies to present basic and diluted EPS. Basic EPS is measured as net income divided by the weighted average ordinary shares outstanding for the period. Diluted EPS presents the dilutive effect on a per share basis of the potential ordinary shares (e.g., convertible securities, options and warrants) as if they had been converted at the beginning of the periods presented, or issuance date, if later. Potential ordinary shares that have an anti-dilutive effect (i.e., those that increase income per share or decrease loss per share) are excluded from the calculation of diluted EPS. 

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The following table sets forth the computation of basic and diluted earnings per share for the three and six months ended June 30, 2025 and 2024:For the Three Months EndedJune 30,For the Six Months EndedJune 30,2025202420252024USD USD USD USDNumerator:Net (loss) income attributable to FGI Industries Ltd. shareholders$(1,231,524)$163,565$(1,860,616)$(248,624)Denominator:    Weighted-average number of ordinary shares outstanding — basic(1)1,918,2481,912,9561,917,0291,913,287Potentially dilutive shares from outstanding options/warrants(1)—26,956——Weighted-average number of ordinary shares outstanding — diluted(1)1,918,2481,939,9121,917,0291,913,287Earnings (loss) per share — basic(1)$(0.64)$0.09