Company: FOXX
Filing Date: 2025-11-18
Form Type: 10-Q
Source: 0001213900-25-112192
Chunk: 2

Company: Foxx Development Holdings Inc.
Filing Date: 2025-11-18
Form: 10-Q
Item: Item 1
Chunk 2
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 2025  
    2024 

    (Unaudited)  
    (Unaudited) 

    REVENUES, NET 
    $20,223,301  
    $23,112,052 
  
    COST OF GOODS SOLD 
     17,478,734  
     22,713,876 
  
    GROSS PROFIT 
     2,744,567  
     398,176 

    OPERATING EXPENSES: 

    Selling expenses 
     901,656  
     1,215,042 
  
    General and administrative expenses 
     2,428,673  
     961,247 
  
    Research and development - related party 
     -  
     22,792 
  
    Research and development 
     306,432  
     7,028 
  
    Total Operating Expenses 
     3,636,761  
     2,206,109 

    LOSS FROM OPERATIONS 
     (892,194) 
     (1,807,933)

    OTHER EXPENSE 

    Interest expense 
     (2,011,905) 
     (408,995)
  
    Other income, net 
     38,657  
     - 
  
    Change in fair value of earnout liabilities 
     -  
     (49,861)
  
    Total Other Expense, net 
     (1,973,248) 
     (458,856)

    LOSS BEFORE INCOME TAXES 
     (2,865,442) 
     (2,266,789)

    PROVISION FOR INCOME TAXES 
     -  
     - 

    NET LOSS 
     (2,865,442) 
     (2,266,789)

    OTHER COMPREHENSIVE LOSS 

    Foreign currency translation adjustment 
     (6,525) 
     - 

    COMPREHENSIVE LOSS 
    $(2,871,967) 
    $(2,266,789)

    WEIGHTED AVERAGE NUMBER OF ORDINARY SHARES 

    Basic 
     6,780,597  
     3,477,696*
  
    Diluted 
     6,780,597  
     3,477,696*

    LOSS PER SHARE 

    Basic