Company: FOXX
Filing Date: 2025-01-24
Form Type: 424B3
Source: 0001213900-25-006111
Chunk: 164

Company: Foxx Development Holdings Inc.
Filing Date: 2025-01-24
Form: 424B3
Chunk 164
---
 of the Company consist of the following:

|                                                          |     |   | September 30, 
          2024 |   |     |          |  June 30, 
      2024 |
|:---------------------------------------------------------|:----|:--|--------------:|:--|:----|:---------|----------:|
|                                                          |     |   |               |   |     | -Audited |           |
| Balance as of the beginning of the period                |     | $ |     1,682,289 |   |     | $        |         — |
| Add: net increase in current period contract asset       |     |   |     1,465,847 |   |     |          | 1,682,289 |
| Less: inventory recognized from beginning contract asset |     |   |    (1,434,706 | ) |     |          |         — |
| Total contract assets as the end of the period           |     | $ |     1,713,430 |   |     | $        | 1,682,289 |

Note 8 — Prepaid expenses and other current assets As of September 30, 2024 and June 30, 2024, prepaid expenses and other current assets consist of the following:

|                                                 |     |   | September 30, 
          2024 |     |          | June 30, 
     2024 |
|:------------------------------------------------|:----|:--|--------------:|:----|:---------|---------:|
|                                                 |     |   |               |     | -Audited |          |
| Other receivables                               |     | $ |         1,200 |     | $        |   10,881 |
| Prepaid rent                                    |     |   |       177,004 |     |          |        — |
| Other prepaid expenses                          |     |   |       158,754 |     |          |   33,235 |
| Total prepaid expenses and other current assets |     | $ |       336,958 |     | $        |   44,116 |

F-18

FOXX DEVELOPMENT HOLDINGS INC. NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) Note 9 — Property and equipment, net As of September 30, 2024 and June 30, 2024, property and equipment, net consist of the following:

|