Company: FOXX
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001213900-25-043597
Chunk: 147

Company: Foxx Development Holdings Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Item 8
Chunk 147
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 Ended 

    March 31,  
    March 31, 

    2025  
    2024  
    2025  
    2024 

    (Unaudited)  
    (Unaudited)  
    (Unaudited)  
    (Unaudited) 
  
    Selling expenses 
    $28,513  
    $      -  
    $132,952  
    $            - 
  
    General and administrative expenses 
     224,917  
     -  
     275,912  
     - 
  
    Research and development expenses 
     73,158  
     -  
     118,678  
     - 
  
    Total stock-based compensation expenses 
    $326,588  
    $-  
    $527,542  
    $- 

The following table summarizes
the activity for all restricted stock units granted:

     Shares   Weight average grant date fair value   Total fair value   Weighted average   remaining contractual term (in years)   Unvested at July 1, 2024   -   $-   $-    -   Granted   -    -    -    -   Vested   -    -    -    -   Forfeited   -    -    -    -   Unvested at September 30, 2024   -    -    -    -   Granted   707,860    7.30    5,167,378    4.00   Vested   -    -    -    -   Forfeited   -    -    -    -   Unvested at December 31, 2024   707,860    7.30    5,167,348    3.85   Granted   19,149    3.97    76,022    4.00   Vested   -    -    -    -