Company: FOXX
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001213900-25-014221
Chunk: 212

Company: Foxx Development Holdings Inc.
Filing Date: 2025-02-14
Form: 10-Q
Item: Item 2
Chunk 212
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499.7%
  
    Operating expenses 

    Selling expense 
     2,790,786  
     344,583  
     2,466,203  
     709.9%
  
    General, and administrative expense 
     2,898,978  
     849,791  
     2,049,187  
     241.1%
  
    Research and development – related party 
     68,376  
     -  
     68,376  
     100.0%
  
    Research and development 
     678,781  
     -  
     678,781  
     100.0%
  
    Stock-based compensation expenses 
     200,954  
     -  
     200,954  
     100.0%
  
    Loss from operations 
     (4,049,033) 
     (1,094,791) 
     (2,954,242) 
     269.8%
  
    Other income (expense), net 
     3,206,390  
     (92,650) 
     3,299,040  
     (3,560.8)%
  
    Provision for income tax 
     -  
     -  
     -  
     0.0%
  
    Net loss 
    $(842,643) 
    $(1,187,441) 
    $344,798  
     (29.0)%

Revenues

Our revenue primarily derived
from sales of electronic products. The total revenues increased by approximately $39.8 million, or 4,774.0%, to approximately $40.6 million
for the six months ended December 31, 2024 as compared to $0.8 million for the six months ended December 31, 2023. The increase of the
total revenue was mainly attributable to the sales from three new wholesale customers who aggregately accounted for 86% of our sales.

Our revenues from our revenue
categories are summarized as follows:

    For the Six Months Ended 

    December 31,  2024  
    December 31,  2023 

    (Unaudited)  
    (Unaudited) 
  
    Tablet products 
    $173,115  
    $