Company: FOXX
Filing Date: 2025-01-10
Form Type: S-1
Source: 0001213900-25-002199
Chunk: 205

Company: Foxx Development Holdings Inc.
Filing Date: 2025-01-10
Form: S-1
Chunk 205
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 Tablet products       |     | $                   |   660,787 |     | $ | 19,648,799 |
| Mobile phone products |     |                     | 2,567,772 |     |   |  1,944,750 |
| Other products        |     |                     |         — |     |   |     29,338 |
| Total revenues        |     | $                   | 3,228,559 |     | $ | 21,622,887 |

|                     |     | For the Years Ended 
 June 30,            |      2024 |     |   |       2023 |
|:--------------------|:----|:--------------------|----------:|:----|:--|-----------:|
| Wholesale revenues  |     | $                   | 3,017,769 |     | $ | 21,622,887 |
| E-Commerce revenues |     |                     |   210,790 |     |   |          — |
| Total revenues      |     | $                   | 3,228,559 |     | $ | 21,622,887 |

F-52

FOXX DEVELOPMENT INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

Note 21 — Basic and diluted earnings per share

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

|                                                       |     | For the Years Ended 
 June 30,            |       2024 |   |     |   |      2023 |
|:------------------------------------------------------|:----|:--------------------|-----------:|:--|:----|:--|----------:|
| Net (loss) income – basic EPS                         |     | $                   | (3,430,642 | ) |     | $ |    58,191 |
| Interest expenses incurred on the convertible note    |     |                     |    264,445 |   |     |   |     3,500 |
| Net (loss) income