Company: FOXX
Filing Date: 2025-10-15
Form Type: 10-K
Source: 0001213900-25-098953
Chunk: 869

Company: Foxx Development Holdings Inc.
Filing Date: 2025-10-15
Form: 10-K
Item: Item 4
Chunk 869
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,072)
  
    Contract
    assets 
     1,227,448  
     (1,682,289)
  
    Prepaid
    expenses and other current assets 
     (2,028,619) 
     (32,705)
  
    Amount
    due from related parties 
     (7,860) 
     (140)
  
    Security
    deposits 
     (1,125,107) 
     (29,909)
  
    Accounts
    payable 
     24,848,127  
     1,396,861 
  
    Contract
    liabilities 
     (649,072) 
     649,423 
  
    Taxes
    payable 
     (226,262) 
     (15,842)
  
    Other
    payables and accrued liabilities 
     2,350,223  
     155,526 
  
    Other
    payable - related parties 
     (150,830) 
     26,168 
  
    Operating
    lease liabilities 
     (175,607) 
     (33,260)
  
    Net
    cash used in operating activities 
     (6,560,121) 
     (4,680,079)

    CASH
    FLOWS FROM INVESTING ACTIVITIES: 

    Purchases
    of property and equipment 
     (68,336) 
     (8,743)
  
    Proceeds
    from sale of equipment 
     28,100  
     - 
  
    Net
    cash used in investing activities 
     (40,236) 
     (8,743)

    CASH
    FLOWS FROM FINANCING ACTIVITIES: 

    Repayments
    to short-term loans - related party 
     -  
     (91,235)
  
    Repayments
    to short-term loans 
     (291,208) 
     - 
  
    Principal
    payments of long-term loan 
     (17,820) 
     (15,967)
  
    Proceeds
    from convertible promissory note 
     9,000,000  
     4,000,000 
  
    Proceeds
    from reverse recapitalization, net of payments of transaction costs 
     19,