Company: FOXX
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001213900-25-043597
Chunk: 8

Company: Foxx Development Holdings Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Item 1
Chunk 8
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 FROM INVESTING ACTIVITIES: 

    Purchases of property and equipment 
     (68,336) 
     (7,064)
  
    Proceeds from sale of equipment 
     28,100  
     - 
  
    Net cash used in investing activities 
     (40,236) 
     (7,064)

    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 
     (14,432) 
     (11,438)
  
    Proceeds from convertible promissory note 
     9,000,000  
     3,000,000 
  
    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) 
     (209,648)
  
    Net cash provided by financing activities 
     7,894,208  
     2,687,679 

    EFFECT OF EXCHANGE RATE CHANGES 
     2,297  
     - 

    NET CHANGE IN CASH 
     3,202,607  
     (1,570,097)

    CASH, beginning of the period 
     587,448  
     1,824,849 

    CASH, end of the period 
    $3,790,055  
    $254,752 

    SUPPLEMENTAL CASH FLOW INFORMATION: 

    Cash paid for income tax 
    $50  
    $35,670 
  
    Cash paid for interest 
    $1,272,448  
    $10,333 

    NON-CASH INVESTING AND FINANCING ACTIVITIES: 

    Initial recognition of operating right-of-use assets and lease liabilities 
    $750,338  
    $132,382 
  
    Modification