Company: FOXX
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001213900-25-014221
Chunk: 67

Company: Foxx Development Holdings Inc.
Filing Date: 2025-02-14
Form: 10-Q
Item: Item 1
Chunk 67
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    (Unaudited)  
    (Unaudited)  

    Revenues, net 
    $40,592,283  
    $832,827  
    $39,759,456  
     4,774.0%
  
    Cost of goods sold 
     38,003,441  
     733,244  
     37,270,197  
     5,082.9%
  
    Gross profit 
     2,588,842  
     99,583  
     2,489,259  
     2,499.7%
  
    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