Company: FGI
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001628280-25-052375
Chunk: 46

Company: FGI Industries Ltd.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 46
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100,059,669 $96,223,647 Cost of revenue26,350,193 26,790,957 72,954,136 69,538,640 Gross profit9,498,668 9,308,222 27,105,533 26,685,007 Operating expenses    Selling and distribution6,060,571 6,284,932 19,433,477 18,676,665 General and administrative2,784,507 2,637,141 8,330,435 7,542,019 Research and development283,867 451,975 1,085,095 1,303,445 Total operating expenses9,128,945 9,374,048 28,849,007 27,522,129 Income (loss) from operations369,723 (65,826)(1,743,474)(837,122)Other income (expenses)    Interest income661 584 2,790 5,251 Interest expense(402,836)(366,420)(987,787)(893,721)Other (expenses) income, net(36,015)951 (474,124)457,481 Total other expenses, net(438,190)(364,885)(1,459,121)(430,989)Loss before income taxes(68,467)(430,711)(3,202,595)(1,268,111)Provision for (benefit of) income taxes    Current236,226 518,585 284,733 857,293 Deferred1,643,373 (251,048)640,760 (865,882)Total provision for (benefit of) income taxes1,879,599 267,537 925,493 (8,589)Net loss(1,948,066)(698,248)(4,128,088)(1,259,522)Less: net loss attributable to non-controlling shareholders(296,734)(148,111)(616,140)(460,761)Net loss attributable to FGI Industries Ltd. shareholders(1,651,332)(550,137)(3,511,948)(798,761)Other comprehensive (loss) income    Foreign currency translation adjustment (3,742)47,269 685,725 (400,289)Comprehensive loss(1,951