Company: FOXX
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001213900-25-014221
Chunk: 139

Company: Foxx Development Holdings Inc.
Filing Date: 2025-02-14
Form: 10-Q
Item: Item 8
Chunk 139
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,827  
    $39,469,469  
    $832,827 
  
    E-Commerce revenues  
     184,427  
     -  
     206,828  
     - 
  
    Subtotal product revenues  
     16,794,443  
     832,827  
     39,676,297  
     832,827 
  
    App service commission revenue, net 
     685,788  
     -  
     915,986  
     - 
  
    Total revenues, net  
    $17,480,231  
    $832,827  
    $40,592,283  
    $832,827 

Note 23 — Basic and diluted
earnings (loss) per share

Basic EPS is measured as net income (loss) divided by the weighted
average common shares outstanding for the period. Diluted net income (loss) per share attributable to common stockholders adjusts basic
earnings (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
earnings 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.

27

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

    For the Three Months Ended  December
                                                                                 31,  
    For the Six Months Ended  December
                                                                                 31, 

    2024  
    2023  
    2024  
    2023 

    Net income (loss) – basic and diluted EPS 
    $1,424,146  
    $(640,610) 
    $(842,643) 
    $(1,187,441)

    Basic and diluted weighted average shares outstanding* 
     7,280,366  
     3,303,333  
     5,389,365  
     3,303,333 

    Basic and diluted income (loss) per share 
    $0.20  
    $(0.19) 
    $(0.16)