Company: FOXX
Filing Date: 2025-10-15
Form Type: 10-K
Source: 0001213900-25-098953
Chunk: 331

Company: Foxx Development Holdings Inc.
Filing Date: 2025-10-15
Form: 10-K
Item: Item 1B
Chunk 331
---

  
    Proceeds
    from issuance of common stock through exercise of warrants 
     120,750  
     - 
  
    Payment
    of redemption payable 
     (20,499,790) 
     - 
  
    Payments
    of deferred transaction costs 
     (131,400) 
     (441,377)
  
    Net
    cash provided by financing activities 
     7,890,820  
     3,451,421 

    EFFECT
    OF EXCHANGE RATE CHANGES 
     (2,458) 
     - 

    NET CHANGE
    IN CASH 
     1,288,005  
     (1,237,401)

    CASH,
    beginning of the year 
     587,448  
     1,824,849 

    CASH,
    end of the year 
    $1,875,453  
    $587,448 

    SUPPLEMENTAL
    CASH FLOW INFORMATION: 

    Cash
    paid for income tax 
    $850  
    $35,670 
  
    Cash
    paid for interest 
    $2,507,745  
    $13,662 

    NON-CASH
    INVESTING AND FINANCING ACTIVITIES: 

    Initial
    recognition of operating right-of-use assets and lease liabilities 
    $750,338  
    $438,226 
  
    Modification
    of operating right-of-use assets and lease liabilities 
    $121,655  
    $- 
  
    Conversion
    of convertible promissory notes into common stock 
    $15,408,685  
    $- 
  
    Reverse
    recapitalization transaction costs net against additional-paid in capital 
    $893,577  
    $- 
  
    Deferred
    transaction costs included in other payables and accrued liabilities 
    $300,000  
    $20,800 
  
    Initial
    recognition of earnout liabilities 
    $5,688,007  
    $- 
  
    Conversion from employee advance to receivable from a third party 
    $19,500  
    $- 

The
accompanying notes are an integral part of these consolidated financial statements.

F-7

FOXX
DEVELOPMENT HOLDINGS INC.

NOTES
TO CONSOLIDATED FIN