Company: FOXX
Filing Date: 2025-10-15
Form Type: 10-K
Source: 0001213900-25-098953
Chunk: 1183

Company: Foxx Development Holdings Inc.
Filing Date: 2025-10-15
Form: 10-K
Item: Item 6
Chunk 1183
---
 4,310,049  
     1,134,683 
  
    Professional
    expenses 
     1,953,380  
     718,949 
  
    Insurance
    expenses 
     622,179  
     96,575 
  
    Credit
    losses 
     913,190  
     - 
  
    Office
    expenses 
     329,571  
     53,202 
  
    Rent expenses 
     260,527  
     63,764 
  
    Travel
    expenses 
     239,999  
     69,712 
  
    Other general
    and administrative 
     178,202  
     92,554 
  
    Other research
    and development expenses 
     1,308,130  
     - 
  
    Research
    and development expenses-related party 
     136,752  
     91,168 
  
    Stock-based
    compensation expenses 
     815,678  
     - 
  
    Other segment items: 

    Interest
    expense 
     4,959,055  
     278,328 
  
    Other expense
    (income), net 
     (25,589) 
     4,016 
  
    Change
    in fair value of earnout liabilities 
     (5,688,007) 
     - 
  
    Provision
    for income taxes 
     76,743  
     19,828 
  
    Segment
    net loss 
    $(9,020,136) 
    $(3,430,642)

F-34

Note 25
— Subsequent events

The
Company evaluated all events and transactions that occurred after June 30, 2025 up through the date the Company issued these consolidated
financial statements. Based on this review, the Company did not identify any subsequent events that would require adjustment or disclosure
in the consolidated financial statements.

On
July 4, 2025, the One Big Beautiful Bill was enacted (“OBBBA”), introducing significant and wide-ranging changes to the U.S.
tax system. Significant components include restoration of 100% accelerated tax depreciation on qualifying property including expansion
to cover qualified production property. Another major aspect includes the return to immediate expensing of domestic research and experimental
expenditures (“R&E”) which in some cases may include retroactive