For the quarter ending 2025-12-31, FOXX has $42,043,749 in assets. $53,865,460 in debts. $1,769,684 in cash and cash equivalents.
| Balance Sheets | 2025-12-31 | 2025-09-30 | 2025-06-30 | |
|---|---|---|---|---|
| Cash | 1,769,684 | 1,484,492 | 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 | 12,768,345 | 6,786,792 | |
| Inventories | 10,182,579 | 11,456,708 | 12,686,739 | |
| Contract assets | 138,664 | 265,128 | 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 | 1,172,680 | 1,837,812 | |
| Prepaid expenses - related party-Related Party | - | - | 8,000 | |
| Amount due from related parties | 53,157 | - | - | |
| Total current assets | 19,838,585 | 27,147,353 | 23,649,638 | |
| Property and equipment, gross | 229,928 | 237,028 | 237,800 | |
| Less accumulated depreciation | 127,607 | 117,640 | 106,078 | |
| Property and equipment, net | 102,321 | 119,388 | 131,722 | |
| Operating right-of-use assets | 20,947,327 | 21,385,855 | 1,063,438 | |
| Security deposits | 1,155,516 | 1,155,016 | 1,155,016 | |
| Total non-current assets | 22,102,843 | 22,540,871 | 2,218,454 | |
| Total assets | 42,043,749 | 49,807,612 | 25,999,814 | |
| Accounts payable | 29,678,545 | 31,673,048 | 26,244,987 | |
| Other payables and accrued liabilities | 2,938,652 | 3,903,643 | 3,570,959 | |
| Other payable - related parties-Related Party | 35,263 | 279,130 | 272,917 | |
| Contract liabilities | 23,525 | 367,709 | 378 | |
| Income taxes payable | 65,243 | 71,643 | 76,743 | |
| Current maturity of long-term loan | 23,383 | 22,694 | 23,743 | |
| Operating lease liabilities - current | 1,187,583 | 1,148,518 | 211,525 | |
| Total current liabilities | 33,952,194 | 37,466,385 | 30,401,252 | |
| Operating lease liabilities - non-current | 19,851,890 | 20,213,593 | 889,827 | |
| Long-term loan - non-current | 61,376 | 67,487 | 73,418 | |
| Total non-current liabilities | 19,913,266 | 20,281,080 | 963,245 | |
| Total liabilities | 53,865,460 | 57,747,465 | 31,364,497 | |
| 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 | 678 | |
| Additional paid-in capital | 15,389,806 | 14,983,502 | 14,686,705 | |
| Accumulated deficit | -27,198,420 | -22,912,506 | -20,047,064 | |
| Accumulated other comprehensive loss | -13,793 | -11,527 | -5,002 | |
| Total stockholders deficit | -11,821,711 | -7,939,853 | -5,364,683 | |
| Total liabilities and stockholders deficit | 42,043,749 | 49,807,612 | 25,999,814 | |
Foxx Development Holdings Inc. (FOXX)
Foxx Development Holdings Inc. (FOXX)