Company: FOXX
Filing Date: 2025-10-15
Form Type: 10-K
Source: 0001213900-25-098953
Chunk: 896

Company: Foxx Development Holdings Inc.
Filing Date: 2025-10-15
Form: 10-K
Item: Item 4
Chunk 896
---
,450 
  
    Less:
    revenue recognized from beginning contract liabilities 
     (649,450) 
     (27)
  
    Total
    contract liabilities 
    $378  
    $649,450 

Note 12
— Related party balances and transactions

Related
party balances

Amount
due from a related party

  Name of Related Party  Relationship  Nature  June 30, 2025   June 30, 2024   Azure Horizon LLC (“Azure”)  Owned by an immediate family member of the Company’s 10% or more shareholder  Paid on behalf fees  $   -   $140  

Prepaid
expenses to a related party

  Name of Related Party   Relationship   Nature   June 30, 2025     June 30, 2024                           Azure Horizon LLC (“Azure”)   Owned by an immediate family member of the Company’s 10% or more shareholder   Prepaid service fees   $ 8,000     $       -                              

F-22

Other
payable — related party

Other
payable — related party consists of the following:

  Name of Related Party   Relationship   Nature   June 30,  2025     June 30,  2024                           Wuhan Haoxun Communication Technology Co. Ltd (“Wuhan Haoxun”)(1)   Controlled by an immediate family member of the Company’s 10% or more shareholder   Research and development fees   $ 18,792     $ 51,168    Acri Capital Sponsor LLC   More than 10%  Shareholder of the Company   Unconverted working capital loan balance in ACAC     245,509       -    Swiftfulfill Warehouse LLC (“Swiftfulfill”) (2)   Owned by an immediate family member of the Company’s 10% or more shareholder   Consulting fees and expenses paid on behalf of the Company     8,566       -    “Joy” Yi Hua   Chairwoman, Chief Financial Officer and Director of the Company   Expenses paid on behalf of the Company     50       -    Total           $ 272,917     $ 51,168   

  (1) On September 1, 2022, the Company entered into an agreement with Wuhan Haoxun for the research and development