Company: FOXX
Filing Date: 2025-01-10
Form Type: S-1
Source: 0001213900-25-002199
Chunk: 206

Company: Foxx Development Holdings Inc.
Filing Date: 2025-01-10
Form: S-1
Chunk 206
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 – diluted EPS                       |     | $                   | (3,166,197 | ) |     | $ |    61,691 |
| Basic weighted average shares outstanding             |     |                     |  1,000,000 |   |     |   | 1,000,000 |
| Dilutive effect of convertible note*                  |     |                     |          — |   |     |   |     1,648 |
| Diluted weighted average number of shares outstanding |     |                     |  1,000,000 |   |     |   | 1,001,648 |
| Basic (loss) earnings per share                       |     | $                   |      (3.43 | ) |     | $ |      0.06 |
| Diluted (loss) earnings per share                     |     | $                   |      (3.43 | ) |     | $ |      0.06 |

____________ * There are 208,932shares of Common Stock that is potentially convertible from the convertible notes that was excluded from the computation of diluted EPS for the period presented because it has anti -dilutiveeffect as the company had a net loss during the year ended June 30, 2024. Other than the Company’s outstanding convertible notes having a dilutive effect on its EPS, the Company did not have any other dilutive securities and other contracts that could, potentially, be exercised or converted into common stock and then share in the earnings of the Company. Note 22 — Subsequent events The Company evaluated all events and transactions that occurred after June 30, 2024 up through the date the Company issued these consolidated financial statements. Convertible Promissory Notes In August and September 2024, the Company received the proceeds of $ 9,000,000from the Convertible Notes 4 and the Convertible Notes 5. Leases On July 9, 2024, the Company entered a 5 -yearand a -half-monthrental agreement to rent an office and space to storage its electronics products with a monthly base rental rate of $ 10,534with a 5% incremental rate increase in each year. The commencement date of this lease is beginning on August 15, 2024 and ending on August 31, 2029. On July 12, 2024, the Company entered a 7 -yearrental agreement to rent an office building with a monthly base rental rate of $ 65,745with a