Company: FOXX
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001213900-25-043597
Chunk: 51

Company: Foxx Development Holdings Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Item 1
Chunk 51
---
audited)  
    (Unaudited)  
    (Unaudited) 
  
    Wholesale revenues 
    $9,943,509  
    $513,836  
    $49,412,977  
    $1,346,663 
  
    E-Commerce revenues 
     702,684  
     -  
     909,512  
     - 
  
    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 

Note 23 — Basic and diluted
loss per share

Basic EPS is measured as
net loss divided by the weighted average common shares outstanding for the period. Diluted net loss per share attributable to common stockholders
adjusts basic loss per share for the potentially dilutive impact of non-participating shares of common stock that are subject to the convertible
note, and other securities outstanding. Certain securities may be anti-dilutive and would be excluded from the calculation of diluted
loss per share and disclosed separately. Because of the nature of the calculation, particular securities may be dilutive in some periods
and anti-dilutive in other periods.

The following table presents the computation of
basic and diluted loss per share attributable to common stockholders, for the periods presented:

    For the Three Months Ended  March 31,  
    For the Nine Months Ended  March 31, 

    2025  
    2024  
    2025  
    2024 

    Net loss – basic and diluted EPS 
    $(4,081,511) 
    $(886,570) 
    $(4,927,154) 
    $(2,074,001)

    Basic and diluted weighted average shares outstanding* 
     7,050,260  
     3,303,333  
     5,937,756  
     3,303,333 

    Basic and diluted loss per share 
    $(