Company: FOXX
Filing Date: 2025-01-24
Form Type: 424B3
Source: 0001213900-25-006111
Chunk: 177

Company: Foxx Development Holdings Inc.
Filing Date: 2025-01-24
Form: 424B3
Chunk 177
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 2032 with an additional monthly rent of $65,744. Reference to Note 19 for detailed disclosure of other entered lease agreements. Note 21 — Income taxes As of September 30, 2024 and June 30, 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 September 30, 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 
 September 30,              
 2024                       
 (Unaudited)                |            |     | 2023        
 (Unaudited) |   |
|:----------------------|:----|:---------------------------|-----------:|:----|:------------|:--|
| Tablet products       |     | $                          |      4,755 |     | $           | — |
| Mobile phone products |     |                            | 23,107,297 |     |             | — |
| Total revenues        |     | $                          | 23,112,052 |     | $           | — |

Disaggregated information of revenues by business line is as follows:

|                     |     | For the Three Months Ended 
 September 30,              
 2024                       
 (Unaudited)                |            |     | 2023        
 (Unaudited) |   |
|:--------------------|:----|:---------------------------|-----------:|:----|:------------|:--|
| Wholesale revenues  |     | $                          | 23,089,651 |     | $           | — |
| E-Commerce revenues |     |                            |     22,401 |     |             | — |
| Total revenues      |     | $                          | 23,112,052 |     | $           | — |

Note 23 — 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 -participatingshares of common stock that are subject to the convertible note, and other securities outstanding. Certain securities may be anti -dilutiveand