Company: FOXX
Filing Date: 2025-10-15
Form Type: 10-K
Source: 0001213900-25-098953
Chunk: 1973

Company: Foxx Development Holdings Inc.
Filing Date: 2025-10-15
Form: 10-K
Item: Item 8
Chunk 1973
---
-  
     -  
     (5,688,007) 
     -  
     -  
     (5,688,007)
  
    Transaction
    costs 
     -  
     -  
     (893,577) 
     -  
     -  
     (893,577)
  
    Issuance
    of common stock through exercise of warrants 
     10,500  
     1  
     120,749  
     -  
     -  
     120,750 
  
    Cancellation
    of common stock held in escrow 
     (500,000) 
     (50) 
     50  
     -  
     -  
     - 
  
    Stock-based
    compensation expenses 
     -  
     -  
     815,678  
     -  
     -  
     815,678 
  
    Foreign
    currency translation 
     -  
     -  
     -  
     -  
     (5,002) 
     (5,002)
  
    Net
    loss 
     -  
     -  
     -  
     (9,020,136) 
     -  
     (9,020,136)
  
    BALANCE, June
    30, 2025 
     6,780,597  
    $678  
    $14,686,705  
    $(20,047,064) 
    $(5,002) 
    $(5,364,683)

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

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

F-6

FOXX
DEVELOPMENT HOLDINGS INC.

CONSOLIDATED
STATEMENTS OF CASH FLOWS

    For
    the Years Ended 

    June
    30,  
    June
    30, 

    2025  
    2024 
  
    CASH
    FLOWS FROM OPERATING ACTIVITIES: 

    Net
    loss