Company: FOXX
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001213900-25-043597
Chunk: 53

Company: Foxx Development Holdings Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Item 1
Chunk 53
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, as well as information
used by the Company’s CODM to allocate resources and other factors. The accounting policies of the segment are the same as those
described in Note 3.

The key measure of segment
profitability that the CODM uses to allocate resources and assess performance is consolidated net loss, as reported on the unaudited condensed
consolidated statements of operations. The following table presents the significant revenue and expense categories of the Company’s
single operating segment: 

    For The Three Months Ended  
    For The Nine Months Ended 

    March 31,  
    March 31,  
    March 31,  
    March 31, 

    2025  
    2024  
    2025  
    2024 
  
    Revenues, net 
    $11,392,078  
    $513,836  
    $51,984,361  
    $1,346,663 
  
    Less cost of goods sold 
     10,728,765  
     553,518  
     48,732,206  
     1,286,762 
  
    Less significant segment expenses: 

    Commission expenses 
     58,409  
     -  
     421,802  
     - 
  
    Marketing consulting expenses 
     426,262  
     134,500  
     1,233,821  
     357,984 
  
    Warranty and testing expenses 
     280,227  
     7,945  
     810,287  
     54,416 
  
    Other selling and marketing expenses 
     195,955  
     12,774  
     417,886  
     87,402 
  
    Salary expenses 
     1,312,948  
     243,271  
     3,249,577  
     642,402 
  
    Professional expenses 
     441,663  
     241,455  
     1,449,299  
     545,489 
  
    Insurance expenses 
     111,284  
     7,072  
     448,170  
     33,020 
  
    Credit losses 
     401,988  
     -  
     464,988