Company: FGI
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001628280-25-040149
Chunk: 48

Company: FGI Industries Ltd.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 48
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DCASH FLOWS FROM OPERATING ACTIVITIESNet loss$(2,180,022)$(561,274)Adjustments to reconcile net loss to net cash used in operating activities Depreciation311,218 199,439 Amortization1,138,345 1,265,425 Share-based compensation200,929 328,090 Provision for credit losses75,359 (6,523)Provision for defective return51,900 554,148 Foreign exchange transaction (gain) loss383,579 (227,952)Deferred income tax benefit(1,002,613)(614,835)Changes in operating assets and liabilities Accounts receivable4,461,914 (1,941,477)Inventories1,277,386 (2,880,929)Prepayments and other current assets(333,999)1,476,612 Prepayments and other receivables – related parties(3,798,705)(6,080,824)Other noncurrent assets287,874 (496,227)Income taxes28,182 (412,085)Accounts payable2,097,761 2,785,664 Accounts payable - related parties(691,003)280,955 Operating lease liabilities(920,707)(1,010,637)Accrued expenses and other current liabilities(1,191,731)214,652 Net cash provided by (used in) operating activities195,667 (7,127,778)CASH FLOWS FROM INVESTING ACTIVITIES  Purchase of property and equipment(555,954)(1,189,655)Purchase of intangible assets(75,196)(669,764)Net cash used in investing activities(631,150)(1,859,419)CASH FLOWS FROM FINANCING ACTIVITIES  Net proceeds from (repayments of) revolving credit facility(1,943,867)2,733,024 Net cash (used in) provided by financing activities(1,943,867)2,733,024 EFFECT OF EXCHANGE RATE FLUCTUATION ON CASH340,307 (215,976)NET CHANGES IN CASH(2,039,043)(6,470,149)CASH, BEGINNING OF PERIOD4,558,160 7,777,241 CASH, END OF PERIOD$2,519