Company: FOXX
Filing Date: 2025-11-18
Form Type: 10-Q
Source: 0001213900-25-112192
Chunk: 132

Company: Foxx Development Holdings Inc.
Filing Date: 2025-11-18
Form: 10-Q
Item: Item 8
Chunk 132
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     294,447 
  
    Product testing expenses 
     186,697  
     92,105 
  
    Warranty expenses 
     72,188  
     106,078 
  
    Marketing and advertising expenses 
     100,800  
     55,522 
  
    Other selling and marketing expenses 
     48,776  
     631 
  
    Payroll and payroll tax expenses 
     881,283  
     740,903 
  
    Professional expenses 
     727,253  
     245,087 
  
    Insurance expenses 
     171,900  
     83,195 
  
    Recovery of credit losses, net 
     (104,276) 
     - 
  
    Office expenses 
     75,328  
     86,912 
  
    Rent expenses 
     728,762  
     55,734 
  
    Travel expenses 
     20,226  
     53,111 
  
    Other general and administrative 
     25,975  
     59,078 
  
    Other research and development expenses 
     157,388  
     7,028 
  
    Research and development expenses-related party 
     -  
     22,792 
  
    Stock-based compensation expenses 
     296,797  
     - 
  
    Other segment items: 

    Interest expense 
     2,011,905  
     408,995 
  
    Other expense (income), net 
     (38,657) 
     - 
  
    Change in fair value of earnout liabilities 
     -  
     49,861 
  
    Provision for income taxes 
     -  
     - 
  
    Segment net loss 
    $(2,865,442) 
    $(2,266,789)

Note 23 — Subsequent events

The Company evaluated
all events and transactions that occurred after September 30, 2025 up through the date the Company issued these unaudited condensed
consolidated financial statements. Based on this review, except as disclosed below, the Company did not identify any other
subsequent events that would require adjustment or disclosure in the unaudited condensed consolidated financial statements.

On November 4, 2025, two
of the Company’s employees resigned from their position with the Company and the