Company: FOXX
Filing Date: 2025-10-15
Form Type: 10-K
Source: 0001213900-25-098953
Chunk: 1266

Company: Foxx Development Holdings Inc.
Filing Date: 2025-10-15
Form: 10-K
Item: Item 7
Chunk 1266
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    payables and accrued liabilities 
     2,350,223  
     155,526 
  
    Other
    payable - related parties 
     (150,830) 
     26,168 
  
    Operating
    lease liabilities 
     (175,607) 
     (33,260)
  
    Net
    cash used in operating activities 
     (6,560,121) 
     (4,680,079)

    CASH
    FLOWS FROM INVESTING ACTIVITIES: 

    Purchases
    of property and equipment 
     (68,336) 
     (8,743)
  
    Proceeds
    from sale of equipment 
     28,100  
     - 
  
    Net
    cash used in investing activities 
     (40,236) 
     (8,743)

    CASH
    FLOWS FROM FINANCING ACTIVITIES: 

    Repayments
    to short-term loans - related party 
     -  
     (91,235)
  
    Repayments
    to short-term loans 
     (291,208) 
     - 
  
    Principal
    payments of long-term loan 
     (17,820) 
     (15,967)
  
    Proceeds
    from convertible promissory note 
     9,000,000  
     4,000,000 
  
    Proceeds
    from reverse recapitalization, net of payments of transaction costs 
     19,710,288  
     - 
  
    Proceeds
    from issuance of common stock through exercise of warrants 
     120,750  
     - 
  
    Payment
    of redemption payable 
     (20,499,790) 
     - 
  
    Payments
    of deferred transaction costs 
     (131,400) 
     (441,377)
  
    Net
    cash provided by financing activities 
     7,890,820  
     3,451,421 

    EFFECT
    OF EXCHANGE RATE CHANGES 
     (2,458) 
     - 

    NET CHANGE
    IN CASH 
     1,288,005  
     (1,237,401)

    CASH,
    beginning of the year