Company: FOXX
Filing Date: 2025-10-15
Form Type: 10-K
Source: 0001213900-25-098953
Chunk: 240

Company: Foxx Development Holdings Inc.
Filing Date: 2025-10-15
Form: 10-K
Item: Item 1A
Chunk 240
---
 assets 

    Net operating
    loss 
    $1,721,161  
    $1,971,071 
  
    Capitalized R&D expense 
     516,994  
     70,451 
  
    Accrued warranty expense 
     70,385  
     7,382 
  
    Lease liabilities 
     236,020  
     109,903 
  
    Allowance for credit losses 
     195,696  
     - 
  
    Stock-based compensation expenses 
     166,847  
     - 
  
    Less:  valuation
    allowance 
     (2,678,143) 
     (2,034,319)
  
    Total deferred tax assets 
     228,960  
     124,488 

    Deferred
    tax liabilities: 

    Depreciation of property and
    equipment 
    $(1,066) 
    $(14,371)
  
    Right of use assets 
     (227,894) 
     (110,117)
  
    Total deferred tax liability 
     (228,960) 
     (124,488)
  
    Total deferred tax accounts,
    net 
    $-  
    $- 

F-32

The
Company’s taxes payable consist of the following:

    June
    30,  
    June
    30, 

    2025  
    2024 
  
    Income
    taxes payable 
    $76,743  
    $      - 

Uncertain
tax positions

The
Company evaluates each uncertain tax position (including the potential application of interest and penalties) based on the marketing
performance and measures the unrecognized benefits associated with the tax positions. As of June 30, 2025 and 2024, the Company
did not have any significant unrecognized uncertain tax positions.

Note 22
— Disaggregated information of revenues

Disaggregated
information of revenues by product type is as follows:

    For
    the Years Ended 

    June
    30, 

    2025  
    2024 

    Tablet products 
    $509,843  
    $660,787 
  
    Mobile phone products 
     59,696,955  
     2,567,772 
  
    Wearable
    products and