Company: FOXX
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001213900-25-043597
Chunk: 47

Company: Foxx Development Holdings Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Item 1
Chunk 47
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 on the accompanying balance sheet:

    Operating lease payments 
  
    For the three months ending June 30, 2025 
    $63,452 
  
    For the twelve months ending June 30, 2026 
     251,566 
  
    For the twelve months ending June 30, 2027 
     260,287 
  
    For the twelve months ending June 30, 2028 
     270,941 
  
    For the twelve months ending June 30, 2029 
     283,141 
  
    Thereafter 
     142,813 
  
    Total lease payments 
     1,272,200 
  
    Less: discount 
     (118,712)
  
    Present value of operating lease liabilities 
     1,153,488 
  
    Operating lease liabilities, current portion 
     (209,410)
  
    Operating lease liabilities, non-current portion 
    $944,078 

Operating lease expenses
consist of the following:

    Operating lease cost 
    Classification 
    For the  Three Months Ended March 31, 2025  
    For the  Three Months Ended March 31, 2024 

    (Unaudited)  
    (Unaudited) 
  
    Lease expenses 
    General, and administrative 
    $63,808  
    $11,863 
  
    Lease expenses – short term 
    General, and administrative 
     3,041  
     1,286 
  
    Total operating lease cost 
      
    $66,849  
    $13,149 

    Operating lease cost 
    Classification 
    For the  Nine Months Ended March 31, 2025  
    For the  Nine Months Ended March 31, 2024 

    (Unaudited)  
    (Unaudited) 
  
    Lease expenses 
    General, and administrative 
    $181,181  
    $23,725 
  
    Lease expenses – short term 
    General, and administrative 
     10,941  
     20,851 
  
    Total operating lease cost 
      
    $192,122  
    $44,576 

For the nine months ended
March 31, 2025 and 2024, $123,471 and $19,019 of cash were used for operating lease liabilities