Foxx Development Holdings Inc

For the period ended Sep 30, 2024. Filed Nov 19, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2024 · Filed Nov 19, 2024

FOXX$1.50-6.3%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Statements of Operations (unaudited)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

	For the Three Months Ended
September 30, · September 30,
2024 · 2023
(Unaudited) · (Unaudited)
REVENUES, NET	$23,112,052	$	-
COST OF GOODS SOLD	22,713,876		-
GROSS PROFIT	398,176		-
OPERATING EXPENSES:
Selling expenses	1,215,042		208,276
General and administrative expenses	961,247		303,334
Research and development - related party	22,792		-
Research and development	7,028		-
Total Operating Expenses	2,206,109		511,610
LOSS FROM OPERATIONS	(1,807,933)		(511,610)
OTHER INCOME (EXPENSE)
Interest expense	(408,995)		(39,336)
Other income, net	-		4,115
Change in fair value of earnout liabilities	(49,861)		-
Total Other Expense, net	(458,856)		(35,221)
LOSS BFORE INCOME TAXES	(2,266,789)		(546,831)
PROVISION FOR INCOME TAXES	-		-
NET LOSS	$(2,266,789)		$(546,831)
WEIGHTED AVERAGE NUMBER OF ORDINARY SHARES*
Basic	3,477,696		3,303,333
Diluted	3,477,696		3,303,333
LOSS PER SHARE
Basic	$(0.65)		$(0.17)
Diluted	$(0.65)		$(0.17)

*	Giving retroactive effect to reverse recapitalization effected on September 26, 2024 to reflect exchange ratio of approximately 3.3033 as described in Note 4.

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.