Company: FOXX
Filing Date: 2025-10-15
Form Type: 10-K
Source: 0001213900-25-098953
Chunk: 2022

Company: Foxx Development Holdings Inc.
Filing Date: 2025-10-15
Form: 10-K
Item: Item 8
Chunk 2022
---
,814  
     - 
  
    Subtotal service revenues 
     2,268,291  
     - 
  
    Total
    revenues, net 
    $65,919,166  
    $3,228,559 

Note 23
— Basic and diluted loss per share

Basic
EPS is measured as net loss divided by the weighted average common shares outstanding for the period. Diluted net loss per share attributable
to common stockholders adjusts basic loss per share for the potentially dilutive impact of non-participating shares of common stock that
are subject to the convertible note, and other securities outstanding. Certain securities may be anti-dilutive and would be excluded
from the calculation of diluted loss per share and disclosed separately. Because of the nature of the calculation, particular securities
may be dilutive in some periods and anti-dilutive in other periods.

The
following table presents the computation of basic and diluted loss per share attributable to common stockholders, for the periods presented:

    For
    the Years Ended  June 30, 

    2025  
    2024 
  
    Net
    loss – basic EPS 
    $(9,020,136) 
    $(3,430,642)
  
    Interest
    expenses incurred on the convertible note 
     -  
     264,445 
  
    Net loss
    – basic and diluted EPS 
    $(9,020,136) 
    $(3,166,197)

    Basic and diluted weighted
    average shares outstanding* 
     6,148,467  
     3,303,333 

    Basic
    and diluted loss per share 
    $(1.47) 
    $(1.04)

    *
    There were no shares that
    have a dilutive effect for the years ended June 30, 2025 and 2024.

F-33

The
following table outlines dilutive common share equivalents outstanding, which are excluded in the above diluted net loss per share calculation,
as the effect of their inclusion would be anti-dilutive or the share equivalents were contingently issuable as of each period presented:

    For
    the Years Ended 
    June 30,

    2025

    2024

    Warrants *

    12,145,917

    -

    RSUs*

    693,929

    -

    Common stock underlying from the