Company: FOXX
Filing Date: 2025-11-18
Form Type: 10-Q
Source: 0001213900-25-112192
Chunk: 1

Company: Foxx Development Holdings Inc.
Filing Date: 2025-11-18
Form: 10-Q
Item: Item 1
Chunk 1
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 272,917 
  
    Contract liabilities 
     367,709  
     378 
  
    Income taxes payable 
     71,643  
     76,743 
  
    Current maturity of long-term loan 
     22,694  
     23,743 
  
    Operating lease liabilities - current 
     1,148,518  
     211,525 
  
    Total Current Liabilities 
     37,466,385  
     30,401,252 

    NON-CURRENT LIABILITIES 

    Operating lease liabilities - non-current 
     20,213,593  
     889,827 
  
    Long-term loan - non-current 
     67,487  
     73,418 
  
    Total Non-current Liabilities 
     20,281,080  
     963,245 

    Total Liabilities 
     57,747,465  
     31,364,497 

    COMMITMENTS AND CONTINGENCIES (See Note 18) 

    STOCKHOLDERS’ DEFICIT 

    Common stock, $0.0001 par value, 50,000,000 shares authorized as of September 30, 2025 and June 30, 2025; 6,780,597 shares issued and outstanding as of September 30, 2025 and June 30, 2025 
     678  
     678 
  
    Additional paid-in capital 
     14,983,502  
     14,686,705 
  
    Accumulated deficit 
     (22,912,506) 
     (20,047,064)
  
    Accumulated other comprehensive loss 
     (11,527) 
     (5,002)
  
    Total Stockholders’ Deficit 
     (7,939,853) 
     (5,364,683)

    Total Liabilities and Stockholders’ Deficit 
    $49,807,612  
    $25,999,814 

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

1

FOXX DEVELOPMENT HOLDINGS INC.

CONDENSED CONSOLIDATED STATEMENTS
OF OPERATIONS AND COMPREHENSIVE LOSS

    For the Three Months Ended 

    September 30,  
    September 30,