Company: FOXX
Filing Date: 2025-11-18
Form Type: 10-Q
Source: 0001213900-25-112192
Chunk: 0

Company: Foxx Development Holdings Inc.
Filing Date: 2025-11-18
Form: 10-Q
Item: Item 1
Chunk 0
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Item 1. - Financial Statements 

FOXX DEVELOPMENT HOLDINGS
INC.

CONDENSED CONSOLIDATED
BALANCE SHEETS

    September 30,  
    June 30, 

    2025  
    2025 

    (Unaudited)  

    ASSETS 

    CURRENT ASSETS 

    Cash 
    $1,484,492  
    $1,875,453 
  
    Accounts receivable, net of allowance for credit losses of $635,895 and $595,907, as of September 30, 2025 and June 30, 2025, respectively 
     12,768,345  
     6,786,792 
  
    Inventories 
     11,456,708  
     12,686,739 
  
    Contract assets 
     265,128  
     454,842 
  
    Prepaid expenses and other receivables, net of allowance for credit losses of $173,018 and $317,282, as of September 30, 2025 and June 30, 2025, respectively 
     1,172,680  
     1,837,812 
  
    Prepaid expenses - related party 
     -  
     8,000 
  
    Total Current Assets 
     27,147,353  
     23,649,638 

    PROPERTY AND EQUIPMENT, NET 
     119,388  
     131,722 

    NON-CURRENT ASSETS 

    Operating right-of-use assets 
     21,385,855  
     1,063,438 
  
    Security deposits 
     1,155,016  
     1,155,016 
  
    Total Non-current Assets 
     22,540,871  
     2,218,454 

    Total Assets 
    $49,807,612  
    $25,999,814 

    LIABILITIES AND STOCKHOLDERS’ DEFICIT 

    CURRENT LIABILITIES 

    Accounts payable 
    $31,673,048  
    $26,244,987 
  
    Other payables and accrued liabilities 
     3,903,643  
     3,570,959 
  
    Other payable - related parties 
     279,130