Company: FOXX
Filing Date: 2025-01-10
Form Type: S-1
Source: 0001213900-25-002199
Chunk: 146

Company: Foxx Development Holdings Inc.
Filing Date: 2025-01-10
Form: S-1
Chunk 146
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                                                                                                  |     |               |             |   |     |          |             |   |
| SHAREHOLDERS’ EQUITY (DEFICIT)                                                                                                               |     |               |             |   |     |          |             |   |
| Common stock, $0.0001 par value, 50,000,000 shares and 6,606,667 shares authorized as of September 30, 2024 and June 30, 2024, respectively; |     |               |             |   |     |          |             |   |
| 7,270,097 and 3,303,333 shares issued and outstanding as of as of September 30, 2024 and June 30, 2024, respectively                         |     |               |         727 |   |     |          |         330 |   |
| Additional paid-in capital                                                                                                                   |     |               |  13,750,228 |   |     |          |   7,024,162 |   |
| Accumulated deficit                                                                                                                          |     |               | (13,293,717 | ) |     |          | (11,026,928 | ) |
| Total Shareholders’ Equity (Deficit)                                                                                                         |     |               |     457,238 |   |     |          |  (4,002,436 | ) |
| Total Liabilities and Shareholders’ Equity (Deficit)                                                                                         |     | $             |  49,547,691 |   |     | $        |   5,374,422 |   |

____________ * Giving retroactive effect to reverse recapitalization effected on September 26, 2024 to reflect exchange ratio of approximately 3.3033 as described in Note 4. The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

F-3

FOXX DEVELOPMENT HOLDINGS INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

|                                             |     | For the Three Months Ended 
 September 30,              
 2024                       |            |   |     | September 30, 
 2023          |           |   |
|:--------------------------------------------|:----|:---------------------------|-----------:|:--|:----|:--------------|----------:|:--|
|                                             |     | -Unaudited                 |            |   |     | -Unaudited    |           |   |
| REVEN