Foxx Development Holdings Inc.
For the period ended Mar 31, 2025. Filed May 15, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed May 15, 2025
FOXX$1.50-6.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Shareholders’ Equity (Deficit) (unaudited)
CONDENSED CONSOLIDATED STATEMENTS OF CHANGE IN SHAREHOLDERS’ EQUITY (DEFICIT)
| Additional · Accumulated other | |||||||
|---|---|---|---|---|---|---|---|
| Common stock · paid-in · Accumulated · comprehensive | |||||||
| Shares* · Amount · capital · deficit · loss · Total | |||||||
| BALANCE, June 30, 2024 | 3,303,333 | $330 | $7,024,162 | $(11,026,928) | $ | - | $(4,002,436) |
| Conversion of convertible promissory notes into common stock upon completion of reverse recapitalization | 1,696,668 | 170 | 15,408,515 | - | - | 15,408,685 | |
| Issuance of common stock upon completion of reverse recapitalization | 2,270,096 | 227 | (2,100,865) | - | - | (2,100,638) | |
| Earnout liabilities | - | - | (5,688,007) | - | - | (5,688,007) | |
| Transaction costs | - | - | (893,577) | - | (893,577) | ||
| Net loss | - | - | - | (2,266,789) | - | (2,266,789) | |
| BALANCE, September 30, 2024 (Unaudited) | 7,270,097 | 727 | 13,750,228 | (13,293,717) | - | 457,238 | |
| Issuance of common stock through exercise of warrants | 10,500 | 1 | 120,749 | - | - | 120,750 | |
| Stock-based compensation expenses | - | - | 200,954 | - | - | 200,954 | |
| Net income | - | - | - | 1,424,146 | - | 1,424,146 | |
| BALANCE, December 31, 2024 (Unaudited) | 7,280,597 | 728 | 14,071,931 | (11,869,571) | - | 2,203,088 | |
| Cancellation of common stock held in escrow | (500,000) | (50) | 50 | - | - | - | |
| Stock-based compensation expenses | - | - | 326,588 | - | - | 326,588 | |
| Foreign currency translation | - | - | - | - | (412) | (412) | |
| Net loss | - | - | - | (4,084,511) | - | (4,084,511) | |
| BALANCE, March 31, 2025 (Unaudited) | 6,780,597 | $678 | $14,398,569 | $(15,954,082) | $(412) | $(1,555,247) | |
| Additional · Accumulated other | |||||||
|---|---|---|---|---|---|---|---|
| Common stock · paid-in · Accumulated · comprehensive | |||||||
| Shares* · Amount · capital · deficit · loss · Total | |||||||
| BALANCE, June 30, 2023 | 3,303,333 | $330 | $7,024,162 | $(7,596,286) | $ | - | $(571,794) |
| Net loss | - | - | - | (546,831) | - | (546,831) | |
| BALANCE, September, 2023 (Unaudited) | 3,303,333 | 330 | 7,024,162 | (8,143,117) | - | (1,118,625) | |
| Net loss | - | - | - | (640,610) | - | (640,610) | |
| BALANCE, December 31, 2023 (Unaudited) | 3,303,333 | 330 | 7,024,162 | (8,783,727) | - | (1,759,235) | |
| Net loss | (886,570) | - | (886,570) | ||||
| BALANCE, March 31, 2024 (Unaudited) | 3,303,333 | $330 | $7,024,162 | $(9,670,297) | $ | - | $(2,645,805) |
| * | Giving retroactive effect to reverse recapitalization effected on September 26, 2024 to reflect exchange ratio of approximately 3.3033 as described in Note 4. |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.