Company: FOXX
Filing Date: 2025-11-18
Form Type: 10-Q
Source: 0001213900-25-112192
Chunk: 130

Company: Foxx Development Holdings Inc.
Filing Date: 2025-11-18
Form: 10-Q
Item: Item 8
Chunk 130
---
 information
of revenues by business line is as follows:

    For the Three Months Ended

    September 30,

    2025

    2024

    (Unaudited)

    (Unaudited)

    Wholesale revenues
     
    $
    19,526,884

    $
    22,859,453

    E-commerce revenues

    288,732

    22,401

    Subtotal product revenues

    19,815,616

    22,881,854

    App service commission revenue

    406,766

    230,198

    Other services

    1,919

    -

    Subtotal service revenues

    407,685

    230,198

    Total revenues, net
     
    $
    20,223,301

    $
    23,112,052

27

Note 21 — 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 Three Months Ended  September 30, 

    2025  
    2024 

    (Unaudited)  
    (Unaudited) 
  
    Net loss – basic and diluted EPS 
    $(2,865,442) 
    $(2,266,789)

    Basic and diluted weighted average shares outstanding* 
     6,780,597  
     3,477,696 

    Basic and diluted loss per share 
    $(0.42) 
    $(0.65)

  * There were no shares that have a dilutive effect for the three months ended September 30, 2025 and 2024. 

The following table outlines
dilutive common share equivalents outstanding, which are excluded in the above diluted