Company: FOXX
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001213900-25-043597
Chunk: 66

Company: Foxx Development Holdings Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Item 1
Chunk 66
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For the Three Months Ended March 31,   

    2025  
    2024  
    Change ($)  
    Change (%) 

     (Unaudited)  
    (Unaudited)  

    Revenues, net 
    $11,392,078  
    $513,836  
    $10,878,242  
     2,117.1%
  
    Cost of goods sold 
     10,728,765  
     553,518  
     10,175,247  
     1,838.3%
  
    Gross profit 
     663,313  
     (39,682) 
     702,995  
     (1,771.6)%
  
    Operating expenses 

    Selling expense 
     1,551,369  
     155,219  
     1,396,150  
     899.5%
  
    General, and administrative expense 
     1,823,287  
     552,124  
     1,271,163  
     230.2%
  
    Research and development – related party 
     22,792  
     45,584  
     (22,792) 
     (50.0)%
  
    Research and development 
     826,532  
     -  
     826,532  
     100.0%
  
    Loss from operations 
     (3,560,667) 
     (792,609) 
     (2,768,058) 
     349.2%
  
    Other expense, net 
     (523,844) 
     (74,133) 
     (449,711) 
     606.6%
  
    Provision for income tax 
     -  
     19,828  
     (19,828) 
     (100.0)%
  
    Net loss 
     (4,084,511) 
     (886,570) 
     (3,197,941) 
     360.7%
  
    Foreign currency translation adjustment 
     (412) 
     -  
     (412) 
     100.0%
  
    Comprehensive loss 
    $(4,084,923)