Company: FOXX
Filing Date: 2025-10-15
Form Type: 10-K
Source: 0001213900-25-098953
Chunk: 1173

Company: Foxx Development Holdings Inc.
Filing Date: 2025-10-15
Form: 10-K
Item: Item 6
Chunk 1173
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2024, three customers, customer D, 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