Company: FOXX
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001213900-25-043597
Chunk: 50

Company: Foxx Development Holdings Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Item 1
Chunk 50
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 recorded against it. The effective tax rate for each
of the three months ended March 31, 2025 and 2024 was 0% and (2.3)%. The effective tax rate for each of the nine months ended March 31,
2025 and 2024 was 0% and (1.0)%. 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 Nine Months Ended 

    March 31,  
    March 31, 

    2025  
    2024  
    2025  
    2024 

    (Unaudited)  
    (Unaudited)  
    (Unaudited)  
    (Unaudited) 
  
    Tablet products 
    $219,545  
    $-  
    $392,660  
    $657,800 
  
    Mobile phone products 
     8,868,686  
     513,836  
     46,571,691  
     688,863 
  
    Wearable products and others 
     1,557,962  
     -  
     3,358,138  
     - 
  
    Subtotal product revenues 
     10,646,193  
     513,836  
     50,322,489  
     1,346,663 
  
    App service commission revenue, net, and others 
     745,885  
     -  
     1,661,872  
     - 
  
    Total revenues, net 
    $11,392,078  
    $513,836  
    $51,984,361  
    $1,346,663 

28

Disaggregated information
of revenues by business line is as follows:

    For the Three Months Ended  
    For the Nine Months Ended 

    March 31,  
    March 31, 

    2025  
    2024  
    2025  
    2024 

    (Unaudited)  
    (Un