Company: FOXX
Filing Date: 2025-11-18
Form Type: 10-Q
Source: 0001213900-25-112192
Chunk: 6

Company: Foxx Development Holdings Inc.
Filing Date: 2025-11-18
Form: 10-Q
Item: Item 1
Chunk 6
---
459)

    CASH FLOWS FROM INVESTING ACTIVITIES: 

    Purchases of property and equipment 
     -  
     (35,000)
  
    Net cash used in investing activities 
     -  
     (35,000)

    CASH FLOWS FROM FINANCING ACTIVITIES: 

    Repayments to short-term loans 
     -  
     (291,208)
  
    Principal payments of long-term loan 
     (6,980) 
     (4,668)
  
    Proceeds from convertible promissory note 
     -  
     9,000,000 
  
    Proceeds from reverse recapitalization, net of payments of transaction costs 
     -  
     19,710,288 
  
    Payments of deferred transaction costs 
     -  
     (131,400)
  
    Net cash provided by financing activities 
     (6,980) 
     28,283,012 

    EFFECT OF EXCHANGE RATE CHANGES 
     (7,218) 
     - 

    NET CHANGE IN CASH 
     (390,961) 
     28,004,553 

    CASH, beginning of the period 
     1,875,453  
     587,448 

    CASH, end of the period 
    $1,484,492  
    $28,592,001 

    CASH AND RESTRICTED CASH, end of the period reconciliation: 

    Cash and cash equivalents 
    $1,484,492  
    $9,180,356 
  
    Restricted cash 
     -  
     19,411,645 
  
    CASH AND RESTRICTED CASH, end of the period 
    $1,484,492  
    $28,592,001 

    SUPPLEMENTAL CASH FLOW INFORMATION: 

    Cash paid for income tax 
    $5,100  
    $50 
  
    Cash paid for interest 
    $1,601,010  
    $4,073 

    NON-CASH INVESTING AND FINANCING ACTIVITIES: 

    Initial recognition of operating right-of-use assets and lease liabilities 
    $20,756,779  
    $750,338 
  
    Modification