Company: FOXX
Filing Date: 2025-10-15
Form Type: 10-K
Source: 0001213900-25-098953
Chunk: 306

Company: Foxx Development Holdings Inc.
Filing Date: 2025-10-15
Form: 10-K
Item: Item 1B
Chunk 306
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690,607  
     1,941.8%
  
    Cost
    of goods sold 
     61,144,561  
     3,112,616  
     58,031,945  
     1,864.4%
  
    Gross profit 
     4,774,605  
     115,943  
     4,658,662  
     4,018.1%
  
    Operating expenses 

    Selling
    expense 
     5,183,464  
     1,076,761  
     4,106,703  
     381.4%
  
    General,
    and administrative expense 
     7,068,426  
     2,076,484  
     4,991,942  
     240.4%
  
    Research
    and development – related party 
     136,752  
     91,168  
     45,584  
     50.0%
  
    Research
    and development 
     2,083,897  
     -  
     2,083,897  
     100.0%
  
    Loss from operations 
     (9,697,934) 
     (3,128,470) 
     (6,569,464) 
     210.0%
  
    Other income (expense), net 
     754,541  
     (282,344) 
     1,036,885  
     (367.2)%
  
    Provision
    for income tax 
     76,743  
     19,828  
     56,915  
     287.0%
  
    Net loss 
     (9,020,136) 
     (3,430,642) 
     (5,589,494) 
     162.9%
  
    Foreign
    currency translation adjustment 
     (5,002) 
     -  
     (5,002) 
     100.0%
  
    Comprehensive
    loss 
    $(9,025,138) 
    $(3,430,642) 
    $(5,594,496) 
     163.1%

22

Revenues

Our
revenue primarily derived from sales of electronic products.