Company: FOXX
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001213900-25-014221
Chunk: 4

Company: Foxx Development Holdings Inc.
Filing Date: 2025-02-14
Form: 10-Q
Item: Item 1
Chunk 4
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ITY
(DEFICIT)

    For the Six Months Ended December 31, 2024 

    Additional  

    Common stock  
    paid-in  
    Accumulated  

    Shares*  
    Amount  
    capital  
    deficit  
    Total 
  
    BALANCE, June 30, 2024 
     3,303,333  
    $330  
    $7,024,162  
    $(11,026,928) 
    $(4,002,436)
  
    Conversion of convertible promissory notes into common stock upon completion of reverse recapitalization 
     1,696,668  
     170  
     15,408,515  
     -  
     15,408,685 
  
    Issuance of common stock upon completion of reverse recapitalization 
     2,270,096  
     227  
     (2,100,865) 
     -  
     (2,100,638)
  
    Earnout liabilities 
     -  
     -  
     (5,688,007) 
     -  
     (5,688,007)
  
    Transaction costs 
     -  
     -  
     (893,577) 
     -  
     (893,577)
  
    Net loss 
     -  
     -  
     -  
     (2,266,789) 
     (2,266,789)
  
    BALANCE, September 30, 2024 (Unaudited) 
     7,270,097  
     727  
     13,750,228  
     (13,293,717) 
     457,238 
  
    Issuance of common stock through exercise of warrants 
     10,500  
     1  
     120,749  
        
     120,750 
  
    Stock-based compensation expenses 
     -  
     -  
     200,954  
        
     200,954 
  
    Net income 
     -  
     -  
     -  
     1,424,146  
     1,424,146 
  
    BALANCE, December