Company: FOXX
Filing Date: 2025-10-15
Form Type: 10-K
Source: 0001213900-25-098953
Chunk: 1294

Company: Foxx Development Holdings Inc.
Filing Date: 2025-10-15
Form: 10-K
Item: Item 7
Chunk 1294
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. 

Consulting
expenses

  Name of Related Party  Relationship  For the Year Ended June 30,  2025   For the Year Ended June 30, 2024                 Azure(1)  Owned by an immediate family member of the Company’s 10% or more shareholder  $485,200   $324,000   Swiftfulfill(2)  Owned by an immediate family member of the Company’s 10% or more shareholder   63,000    -   Total     $548,200    324,000  

  (1) On September 1, 2022, the Company entered into a consulting agreement to receive consulting services provided by Azure, a consulting company which is owned by an immediate family member of the Company’s more than 10% shareholder.  (2) On October 1, 2024, the Company entered into a consulting agreement to receive consulting services provided by, Swiftfulfill, a consulting company which is owned by an immediate family member of the Company’s more than 10% shareholder.

F-23

Note 13
— Short-term loans

As
of June 30, 2025 and 2024, the outstanding short-term loan from third parties consists of the following:

    June
    30,  2025  
    June 30,
     2024 

    Lender
    A(1) 
    $-  
    $261,208 
  
    Lender
    B(2) 
     -  
     30,000 
  
    Total
    short-term loan 
    $-  
    $291,208 

  (1) On December 30, 2020, the Company entered into a loan agreement with a third-party lender. The agreement allows the Company to draw up to $600,000 and is non-interest bearing. The Company’s imputed interest is immaterial. During the year ended June 30, 2025, the Company made a full repayment to the third party with a total amount of $261,208. 

  (2) On November 11, 2019, the Company entered into a loan agreement for an amount of $50,000 with a third-party lender. This loan is non-interest bearing. The Company’s imputed interest is immaterial. This loan had an original due date