Company: FOXX
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001213900-25-043597
Chunk: 1

Company: Foxx Development Holdings Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Item 1
Chunk 1
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 Contract liabilities 
     211,072  
     649,450 
  
    Short-term loans 
     -  
     291,208 
  
    Current maturity of long-term
    loan 
     21,375  
     19,539 
  
    Operating lease liabilities
    - current 
     209,410  
     72,531 
  
    Convertible promissory notes 
     -  
     6,000,000 
  
    Earnout
    liabilities 
     18  
     - 
  
    Total
    Current Liabilities 
     33,384,340  
     8,948,981 

    NON-CURRENT LIABILITIES 

    Operating lease liabilities
    - non-current 
     944,078  
     332,435 
  
    Long-term
    loan - non-current 
     79,173  
     95,442 
  
    Total
    Non-current Liabilities 
     1,023,251  
     427,877 

    Total
    Liabilities 
     34,407,591  
     9,376,858 

    COMMITMENTS AND CONTINGENCIES
    (See Note 20) 

    SHAREHOLDERS’ DEFICIT 

    Common stock, $0.0001 par value, 50,000,000 and 6,606,664 shares authorized
as of March 31, 2025 and June 30, 2024, respectively; 6,780,597 and 3,303,333 shares issued and outstanding as of March 31, 2025 and June
30, 2024, respectively 
     678  
     330*
  
    Additional paid-in capital 
     14,398,569  
     7,024,162 
  
    Accumulated deficit 
     (15,954,082) 
     (11,026,928)
  
    Accumulated
    other comprehensive loss 
     (412) 
     - 
  
    Total
    Shareholders’ Deficit 
     (1,555,247) 
     (4,002,436)

    Total
    Liabilities and Shareholders’ Deficit 
    $32,852,344  
    $5,374,422 

*Giving retroactive effect to reverse