Company: FOXX
Filing Date: 2025-10-15
Form Type: 10-K
Source: 0001213900-25-098953
Chunk: 1372

Company: Foxx Development Holdings Inc.
Filing Date: 2025-10-15
Form: 10-K
Item: Item 7A
Chunk 1372
---

    30, 

    2025  
    2024 
  
    CASH
    FLOWS FROM OPERATING ACTIVITIES: 

    Net
    loss 
    $(9,020,136) 
    $(3,430,642)
  
    Adjustments
    to reconcile net loss to net cash used in operating activities: 

    Depreciation 
     47,732  
     39,783 
  
    Interest
    expense from convertible promissory notes 
     140,740  
     264,445 
  
    Amortization
    of operating right of use assets 
     214,313  
     32,468 
  
    Provision
    for credit losses 
     913,190  
     - 
  
    Stock-based
    compensation expenses 
     815,678  
     - 
  
    Change
    in fair value of earnout liabilities 
     (5,688,007) 
     - 
  
    Loss
    on sale of equipment 
     3,400  
     - 
  
    Change
    in operating assets and liabilities: 

    Accounts
    receivable 
     (7,130,805) 
     (251,894)
  
    Inventories 
     (10,918,667) 
     (1,768,072)
  
    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)