Company: FOXX
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001213900-25-043597
Chunk: 75

Company: Foxx Development Holdings Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Item 1
Chunk 75
---
901  
     3,192,254  
     5,329.2%
  
    Operating expenses 

    Selling expense 
     4,393,150  
     499,802  
     3,893,348  
     779.0%
  
    General, and administrative expense 
     4,826,704  
     1,401,915  
     3,424,789  
     244.3%
  
    Research and development – related party 
     91,168  
     45,584  
     45,584  
     100.0%
  
    Research and development 
     1,550,833  
     -  
     1,550,833  
     100.0%
  
    Loss from operations 
     (7,609,700) 
     (1,887,400) 
     5,722,300  
     303.2%
  
    Other income (expense), net 
     2,682,546  
     (166,783) 
     2,849,329  
     1,708.4%
  
    Provision for income tax 
     -  
     19,828  
     (19,828) 
     (100.0)%
  
    Net loss 
    $(4,927,154) 
    $(2,074,011) 
    $2,853,143  
     137.6%
  
    Foreign currency translation adjustment 
     (412) 
     -  
     (412) 
     (100.0)%
  
    Comprehensive loss 
     (4,927,566) 
     (2,074,011) 
     2,853,555  
     137.6%

Revenues

Our revenue primarily derived
from sales of electronic products. The total revenues increased by approximately $50.6 million, or 3,760.2%, to approximately $52.0 million
for the nine months ended March 31, 2025 as compared to $1.3 million for the nine months ended March 31, 2025. The increase of the total
revenue was mainly attributable to the sales from three new major wholesale customers who aggregately accounted for 78% of our sales