Company: FOXX
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001213900-25-014221
Chunk: 2

Company: Foxx Development Holdings Inc.
Filing Date: 2025-02-14
Form: 10-Q
Item: Item 1
Chunk 2
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1

FOXX DEVELOPMENT HOLDINGS
INC.

CONDENSED CONSOLIDATED
STATEMENTS OF OPERATIONS

    For the Three Months Ended  
    For the Six Months Ended 

    December 31,  
    December 31,  
    December 31,  
    December 31, 

    2024  
    2023  
    2024  
    2023 

    (Unaudited)  
    (Unaudited)  
    (Unaudited)  
    (Unaudited) 

    REVENUES, NET 
    $17,480,231  
    $832,827  
    $40,592,283  
    $832,827 
  
    COST OF GOODS SOLD 
     15,289,565  
     733,244  
     38,003,441  
     733,244 
  
    GROSS PROFIT 
     2,190,666  
     99,583  
     2,588,842  
     99,583 

    OPERATING EXPENSES: 

    Selling expenses 
     1,575,744  
     136,307  
     2,790,786  
     344,583 
  
    General and administrative expenses 
     1,937,731  
     546,457  
     2,898,978  
     849,791 
  
    Research and development - related party 
     45,584  
     -  
     68,376  
     - 
  
    Research and development 
     671,753  
     -  
     678,781  
     - 
  
    Stock-based compensation expenses 
     200,954  
     -  
     200,954  
     - 
  
    Total Operating Expenses 
     4,431,766  
     682,764  
     6,637,875  
     1,194,374 

    LOSS FROM OPERATIONS 
     (2,241,100) 
     (583,181) 
     (4,049,033) 
     (1,094,791)

    OTHER INCOME (EXPENSE) 

    Interest expense 
     (