Company: FOXX
Filing Date: 2025-10-15
Form Type: 10-K
Source: 0001213900-25-098953
Chunk: 1305

Company: Foxx Development Holdings Inc.
Filing Date: 2025-10-15
Form: 10-K
Item: Item 7
Chunk 1305
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 customer A and customer E, which are the third parties of the Company, accounted
for 41%, 29% and 16% of the Company’s total revenues.

(b) Major
suppliers

For
the year ended June 30, 2025, one supplier, supplier A, which is a third party of the Company, accounted for 93% of the Company’s
total purchases. 

For
the year ended June 30, 2024, three suppliers, supplier A, supplier B and supplier C, which is a third party of the Company, accounted
for 49%, 31% and 18% of the Company’s total purchases.

(c) Geographic
areas

For
the years ended June 30, 2025 and 2024, all of the Company’s long-lived assets are located in the United States and all of
the Company’s revenues are derived solely from the United States, accordingly, no geographical information is presented.

Note 19
— Leases

Short-term
leases  

The
Company rented a mailbox for $450 per month from November 1, 2022 to October 31, 2024. The Company terminated this lease on
August 5, 2023.

On
August 1, 2023, the Company entered a twelve-month lease agreement to rent a general office and storage space for its purchased
inventory for a monthly rental fee of $100. The Company renewed the lease for another twelve months at a monthly rental fee of $200.

On
August 14, 2023, the Company entered a six-month lease agreement to rent an office for operating purposes with a monthly rental
fee of $550. After the initial six-month term, the lease has been renewed on a month-to-month basis.

On
September 18, 2023, the Company entered a month-to-month rental agreement to rent a dorm for the employee with a monthly rent of
$3,000.

F-29

Long-term
leases  

In
September 2023, the Company signed a three-year lease agreement to rent a general office and storage space for business operation
with a monthly rent of $3,096, plus varied monthly CAM. The commencement date of this lease is October 1, 2023 and has no renewal
option. On July 17, 2024, the Company extended the lease for another 35 months to be commenced on October 1