Company: FOXX
Filing Date: 2025-10-15
Form Type: 10-K
Source: 0001213900-25-098953
Chunk: 378

Company: Foxx Development Holdings Inc.
Filing Date: 2025-10-15
Form: 10-K
Item: Item 1B
Chunk 378
---
642)
  
    Interest
    expenses incurred on the convertible note 
     -  
     264,445 
  
    Net loss
    – basic and diluted EPS 
    $(9,020,136) 
    $(3,166,197)

    Basic and diluted weighted
    average shares outstanding* 
     6,148,467  
     3,303,333 

    Basic
    and diluted loss per share 
    $(1.47) 
    $(1.04)

    *
    There were no shares that
    have a dilutive effect for the years ended June 30, 2025 and 2024.

F-33

The
following table outlines dilutive common share equivalents outstanding, which are excluded in the above diluted net loss per share calculation,
as the effect of their inclusion would be anti-dilutive or the share equivalents were contingently issuable as of each period presented:

    For
    the Years Ended 
    June 30,

    2025

    2024

    Warrants *

    12,145,917

    -

    RSUs*

    693,929

    -

    Common stock underlying from the convertible notes
    *

    -

    690,176

    Total

    12,839,846

    690,176

  * The Company’s outstanding warrants, RSUs, and common stock that is potentially convertible from the convertible notes were excluded from the computation of diluted EPS because it has anti-dilutive effect as the company had a net loss during the periods presented. 

Note 24
— Segment information

The
Company conducts business as a single operating segment which is based upon the Company’s organizational and management structure,
as well as information used by the Company’s CODM to allocate resources and other factors. The accounting policies of the segment
are the same as those described in Note 3.

The
key measure of segment profitability that the CODM uses to allocate resources and assess performance is consolidated net loss, as reported
on the consolidated statements of operations. The following table presents the significant revenue and expense categories of the Company’s
single operating segment: 

    For
    The Years Ended 

    June
    30,  
    June
    30, 

    2025  
    2024 
  
    Revenues, net 
    $65,919,166  
    $3,228,