Company: FOXX
Filing Date: 2025-10-15
Form Type: 10-K
Source: 0001213900-25-098953
Chunk: 1128

Company: Foxx Development Holdings Inc.
Filing Date: 2025-10-15
Form: 10-K
Item: Item 6
Chunk 1128
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SETS 

    CURRENT ASSETS 

    Cash 
    $1,875,453  
    $587,448 
  
    Accounts receivable, net of allowance for credit losses of $595,907 and $0 as of June 30, 2025 and 2024, respectively 
     6,786,792  
     251,894 
  
    Inventories 
     12,686,739  
     1,768,072 
  
    Contract
    assets 
     454,842  
     1,682,289 
  
    Prepaid expenses and other receivables, net of allowance for credit losses of $317,282 and $0 as of June 30, 2025 and 2024, respectively 
     1,837,812  
     44,116 
  
    Prepaid
    expenses - related party 
     8,000  
     - 
  
    Due
    from a related party 
     -  
     140 
  
    Total
    Current Assets 
     23,649,638  
     4,333,959 

    PROPERTY
    AND EQUIPMENT, NET 
     131,722  
     142,619 

    NON-CURRENT ASSETS 

    Operating
    right-of-use assets 
     1,063,438  
     405,758 
  
    Deferred
    transaction costs 
     -  
     462,177 
  
    Security
    deposits 
     1,155,016  
     29,909 
  
    Total
    Non-current Assets 
     2,218,454  
     897,844 

    Total
    Assets 
    $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