Company: FOXX
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001213900-25-014221
Chunk: 123

Company: Foxx Development Holdings Inc.
Filing Date: 2025-02-14
Form: 10-Q
Item: Item 8
Chunk 123
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)   Company A(1)  Controlled by an immediate family member of the Company’s 10%
or more shareholder  $45,584   $         -  

17

  Name of Related Party  Relationship  For the  Six Months Ended December 31,  2024   For the Six Months Ended December 31, 2023         (Unaudited)   (Unaudited)   Company A(1)  Controlled by an immediate family member of the Company’s 10%
or more shareholder  $68,376   $-  

  (1) On September 1, 2022, the Company entered into an agreement with Company A for the research and development project. 

Consulting expenses

  Name of Related Party  Relationship  For the Three Months Ended December 31,  2024   For the Three Months Ended December 31, 2023         (Unaudited)   (Unaudited)   Company A(1)  Owned by an immediate family member of the Company’s 10% or more
shareholder  $141,000   $75,000  

  Name of Related Party  Relationship  For the Six Months Ended December 31,  2024   For the Six Months Ended December 31, 2023         (Unaudited)   (Unaudited)   Company A(1)  Owned by an immediate family member of the Company’s 10% or more
shareholder  $282,000   $150,000  

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

18

Note 13 — Short-term loans

As of December 31, 2024 and
June 30, 2024, the outstanding short-term loan from third parties consists of the following:

    December 31,  2024  
    June 30,  2024 

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