Company: FGI
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001628280-25-040149
Chunk: 45

Company: FGI Industries Ltd.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 45
---
210,808 $60,124,468 Cost of revenue22,291,653 20,407,647 46,603,943 42,747,683 Gross profit8,706,607 8,963,302 17,606,865 17,376,785 Operating expenses    Selling and distribution6,209,728 6,260,847 13,372,906 12,391,733 General and administrative2,844,715 2,622,020 5,545,928 4,904,878 Research and development484,502 530,797 801,228 851,470 Total operating expenses9,538,945 9,413,664 19,720,062 18,148,081 Loss from operations(832,338)(450,362)(2,113,197)(771,296)Other income (expenses)    Interest income1,688 4,113 2,129 4,667 Interest expense(282,191)(305,094)(584,951)(527,301)Other (expenses) income, net(466,200)429,513 (438,109)456,530 Total other (expenses) income, net(746,703)128,532 (1,020,931)(66,104)Loss before income taxes(1,579,041)(321,830)(3,134,128)(837,400)Provision for (benefit of) income taxes    Current29,339 267,876 48,507 338,708 Deferred(243,915)(566,291)(1,002,613)(614,834)Total provision for income taxes(214,576)(298,415)(954,106)(276,126)Net loss(1,364,465)(23,415)(2,180,022)(561,274)Less: net loss attributable to non-controlling shareholders(132,941)(186,980)(319,406)(312,650)Net (loss) income attributable to FGI Industries Ltd. shareholders(1,231,524)163,565 (1,860,616)(248,624)Other comprehensive income (loss)    Foreign currency translation adjustment 603,035 (424,980)689,467 (447,558)Comprehensive loss(761,430)(448,395