Company: FOXX
Filing Date: 2025-10-15
Form Type: 10-K
Source: 0001213900-25-098953
Chunk: 999

Company: Foxx Development Holdings Inc.
Filing Date: 2025-10-15
Form: 10-K
Item: Item 5
Chunk 999
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25,589  
     (4,016)
  
    Change
    in fair value of earnout liabilities 
     5,688,007  
     - 
  
    Total
    Other Income (Expense), net 
     754,541  
     (282,344)

    LOSS BFORE INCOME
    TAXES 
     (8,943,393) 
     (3,410,814)

    PROVISION FOR
    INCOME TAXES 
     76,743  
     19,828 

    NET LOSS 
     (9,020,136) 
     (3,430,642)

    OTHER COMPREHENSIVE
    LOSS 

    Foreign
    currency translation adjustment 
     (5,002) 
     - 

    COMPREHENSIVE
    LOSS 
    $(9,025,138) 
    $(3,430,642)

    WEIGHTED AVERAGE NUMBER OF ORDINARY
    SHARES* 

    Basic 
     6,148,467  
     3,303,333 
  
    Diluted 
     6,148,467  
     3,303,333 

    LOSS PER SHARE 

    Basic 
    $(1.47) 
    $(1.04)
  
    Diluted 
    $(1.47) 
    $(1.04)

*Giving retroactive effect to reverse recapitalization effected on September 26, 2024 to reflect exchange ratio of approximately 3.3033 as described in Note 4.

The
accompanying notes are an integral part of these consolidated financial statements.

F-5

FOXX
DEVELOPMENT HOLDINGS INC.

CONSOLIDATED
STATEMENTS OF CHANGE IN SHAREHOLDERS' DEFICIT

    Additional  
       
    Accumulated
    other  

    Common
    stock  
    paid-in  
    Accumulated  
    comprehensive  

    Shares*  
    Amount  
    capital  
    deficit  
    loss  
    Total 
  
    BALANCE,
    June 30, 2023 
     3,303,333  
    $330  
    $7,024,162  
    $(7,596,286) 
    $   -  
    $(571,794)
  
    Net
    loss