Company: FOXX
Filing Date: 2025-10-15
Form Type: 10-K
Source: 0001213900-25-098953
Chunk: 461

Company: Foxx Development Holdings Inc.
Filing Date: 2025-10-15
Form: 10-K
Item: Item 1C
Chunk 461
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    $25,999,814  
    $5,374,422 

    LIABILITIES AND SHAREHOLDERS'
    DEFICIT 

    CURRENT LIABILITIES 

    Accounts
    payable 
    $26,244,987  
    $1,396,860 
  
    Other
    payables and accrued liabilities 
     3,570,959  
     468,225 
  
    Other
    payable - related parties 
     272,917  
     51,168 
  
    Contract
    liabilities 
     378  
     649,450 
  
    Income
    taxes payable 
     76,743  
     - 
  
    Short-term
    loans 
     -  
     291,208 
  
    Current
    maturity of long-term loan 
     23,743  
     19,539 
  
    Operating
    lease liabilities - current 
     211,525  
     72,531 
  
    Convertible
    promissory notes 
     -  
     6,000,000 
  
    Total
    Current Liabilities 
     30,401,252  
     8,948,981 

    NON-CURRENT LIABILITIES 

    Operating
    lease liabilities - non-current 
     889,827  
     332,435 
  
    Long-term
    loan - non-current 
     73,418  
     95,442 
  
    Total
    Non-current Liabilities 
     963,245  
     427,877 

    Total
    Liabilities 
     31,364,497  
     9,376,858 

    COMMITMENTS AND CONTINGENCIES
    (See Note 20) 

    SHAREHOLDERS' DEFICIT 

    Common stock, $0.0001 par value, 50,000,000 and 6,606,664 shares authorized as of June 30, 2025 and 2024, respectively; 6,780,597 and 3,303,333 shares issued and outstanding as of June 30, 2025 and 2024, respectively 
     678  
     330*
  
    Additional
    paid-in capital 
     14,686,705  
     7,024,162