Company: FOXX
Filing Date: 2025-10-15
Form Type: 10-K
Source: 0001213900-25-098953
Chunk: 1314

Company: Foxx Development Holdings Inc.
Filing Date: 2025-10-15
Form: 10-K
Item: Item 7
Chunk 1314
---
 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  
    $3,228,559 
  
    Less cost of goods sold 
     61,144,561  
     3,112,616 
  
    Less significant segment expenses: 

    Commission
    expenses 
     598,971  
     30,083 
  
    Marketing
    consulting expenses 
     1,458,879  
     566,084 
  
    Warranty
    and testing expenses 
     871,274  
     146,208 
  
    Marketing
    and advertising expenses 
     368,189  
     129,935 
  
    Other selling
    and marketing expenses 
     107,569  
     51,496 
  
    Payroll
    and payroll tax expenses 
     4,310,049