Foxx Development Holdings Inc.
For the period ended Sep 30, 2025. Filed Nov 18, 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.
Sep 30, 2025 · Filed Nov 18, 2025
FOXX$1.600.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
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 | 272,917 |
| Contract liabilities | 367,709 | 378 |
| Income taxes payable | 71,643 | 76,743 |
| Current maturity of long-term loan | 22,694 | 23,743 |
| Operating lease liabilities - current | 1,148,518 | 211,525 |
| Total Current Liabilities | 37,466,385 | 30,401,252 |
| NON-CURRENT LIABILITIES | ||
| Operating lease liabilities - non-current | 20,213,593 | 889,827 |
| Long-term loan - non-current | 67,487 | 73,418 |
| Total Non-current Liabilities | 20,281,080 | 963,245 |
| Total Liabilities | 57,747,465 | 31,364,497 |
| COMMITMENTS AND CONTINGENCIES (See Note 18) | ||
| STOCKHOLDERS’ DEFICIT | ||
| Common stock, $0.0001 par value, 50,000,000 shares authorized as of September 30, 2025 and June 30, 2025; 6,780,597 shares issued and outstanding as of September 30, 2025 and June 30, 2025 | 678 | 678 |
| Additional paid-in capital | 14,983,502 | 14,686,705 |
| Accumulated deficit | (22,912,506) | (20,047,064) |
| Accumulated other comprehensive loss | (11,527) | (5,002) |
| Total Stockholders’ Deficit | (7,939,853) | (5,364,683) |
| Total Liabilities and Stockholders’ Deficit | $49,807,612 | $25,999,814 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.