Foxx Development Holdings Inc.
For the period ended Dec 31, 2025. Filed Feb 13, 2026.
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.
Dec 31, 2025 · Filed Feb 13, 2026
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
| December 31, | June 30, | |
|---|---|---|
| 2025 | 2025 | |
| (Unaudited) | ||
| ASSETS | ||
| CURRENT ASSETS | ||
| Cash | $1,769,684 | $1,875,453 |
| Accounts receivable, net of allowance for credit losses of $478,526 and $595,907, as of December 31, 2025 and June 30, 2025, respectively | 6,318,106 | 6,786,792 |
| Inventories | 10,182,579 | 12,686,739 |
| Contract assets | 138,664 | 454,842 |
| Prepaid expenses and other receivables, net of allowance for credit losses of $518,226 and $317,282, as of December 31, 2025 and June 30, 2025, respectively | 1,376,395 | 1,837,812 |
| Prepaid expenses - related party | - | 8,000 |
| Amount due from related parties | 53,157 | - |
| Total Current Assets | 19,838,585 | 23,649,638 |
| PROPERTY AND EQUIPMENT, NET | 102,321 | 131,722 |
| NON-CURRENT ASSETS | ||
| Operating right-of-use assets | 20,947,327 | 1,063,438 |
| Security deposits | 1,155,516 | 1,155,016 |
| Total Non-current Assets | 22,102,843 | 2,218,454 |
| Total Assets | $42,043,749 | $25,999,814 |
| LIABILITIES AND STOCKHOLDERS’ DEFICIT | ||
| CURRENT LIABILITIES | ||
| Accounts payable | $29,678,545 | $26,244,987 |
| Other payables and accrued liabilities | 2,938,652 | 3,570,959 |
| Other payable - related parties | 35,263 | 272,917 |
| Contract liabilities | 23,525 | 378 |
| Income taxes payable | 65,243 | 76,743 |
| Current maturity of long-term loan | 23,383 | 23,743 |
| Operating lease liabilities - current | 1,187,583 | 211,525 |
| Total Current Liabilities | 33,952,194 | 30,401,252 |
| NON-CURRENT LIABILITIES | ||
| Operating lease liabilities - non-current | 19,851,890 | 889,827 |
| Long-term loan - non-current | 61,376 | 73,418 |
| Total Non-current Liabilities | 19,913,266 | 963,245 |
| Total Liabilities | 53,865,460 | 31,364,497 |
| COMMITMENTS AND CONTINGENCIES (See Note 18) | ||
| STOCKHOLDERS’ DEFICIT | ||
| Common stock, $0.0001 par value, 50,000,000 shares authorized as of December 31, 2025 and June 30, 2025; 6,962,811 and 6,780,597 shares issued and outstanding as of December 31, 2025 and June 30, 2025, respectively | 696 | 678 |
| Additional paid-in capital | 15,389,806 | 14,686,705 |
| Accumulated deficit | (27,198,420) | (20,047,064) |
| Accumulated other comprehensive loss | (13,793) | (5,002) |
| Total Stockholders’ Deficit | (11,821,711) | (5,364,683) |
| Total Liabilities and Stockholders’ Deficit | $42,043,749 | $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.