Company: FOXX
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001213900-25-014221
Chunk: 45

Company: Foxx Development Holdings Inc.
Filing Date: 2025-02-14
Form: 10-Q
Item: Item 1
Chunk 45
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, 2024, the Company’s deferred tax asset had a full valuation allowance recorded against it. The effective tax rate for each
of the three months ended December 31, 2024 and 2023 was 0%. The effective tax rate for each of the six months ended December 31, 2024
and 2023 was 0%. The effective tax rate differs from the statutory tax rate of 21% primarily due to the valuation allowance on the deferred
tax assets. 

Note 22 — Disaggregated information
of revenues

Disaggregated information
of revenues by product type is as follows:

    For the Three Months Ended  
    For the Six Months Ended 

    December 31,  
    December 31, 

    2024  
    2023  
    2024  
    2023 

    (Unaudited)  
    (Unaudited)  
    (Unaudited)  
    (Unaudited) 
  
    Tablet products   
    $168,360  
    $551,267  
    $173,115  
    $551,267 
  
    Mobile phone products 
     14,845,446  
     281,560  
     37,722,545  
     281,560 
  
    Wearable products 
     1,780,637  
     -  
     1,780,637  
     - 
  
    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 

Disaggregated information
of revenues by business line is as follows:

    For the Three Months Ended  
    For the Six Months Ended 

    December 31,  
    December 31, 

    2024  
    2023  
    2024  
    2023 

    (Unaudited)  
    (Unaudited)