Company: FOXX
Filing Date: 2025-10-15
Form Type: 10-K
Source: 0001213900-25-098953
Chunk: 1476

Company: Foxx Development Holdings Inc.
Filing Date: 2025-10-15
Form: 10-K
Item: Item 8
Chunk 1476
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    REVENUES,
    NET 
    $65,919,166  
    $3,228,559 
  
    COST OF GOODS
    SOLD 
     61,144,561  
     3,112,616 
  
    GROSS PROFIT 
     4,774,605  
     115,943 

    OPERATING EXPENSES: 

    Selling
    expenses 
     5,183,464  
     1,076,761 
  
    General
    and administrative expenses 
     7,068,426  
     2,076,484 
  
    Research
    and development - related party 
     136,752  
     91,168 
  
    Research
    and development 
     2,083,897  
     - 
  
    Total
    Operating Expenses 
     14,472,539  
     3,244,413 

    LOSS FROM OPERATIONS 
     (9,697,934) 
     (3,128,470)

    OTHER INCOME
    (EXPENSE) 

    Interest
    expense 
     (4,959,055) 
     (278,328)
  
    Other
    income (expense), net 
     25,589  
     (4,016)
  
    Change
    in fair value of earnout liabilities 
     5,688,007  
     - 
  
    Total
    Other Income (Expense), net 
     754,541  
     (282,344)

    LOSS BFORE INCOME
    TAXES 
     (8,943,393) 
     (3,410,814)

    PROVISION FOR
    INCOME TAXES 
     76,743  
     19,828 

    NET LOSS 
     (9,020,136) 
     (3,430,642)

    OTHER COMPREHENSIVE
    LOSS 

    Foreign
    currency translation adjustment 
     (5,002) 
     - 

    COMPREHENSIVE
    LOSS 
    $(9,025,138) 
    $(3,430,642)

    WEIGHTED AVERAGE NUMBER OF ORDINARY
    SHARES* 

    Basic 
     6,148,467  
     3,303,