| Balance Sheets | 2025-06-30 | |||
|---|---|---|---|---|
| Cash | 1,875,453 | |||
| Accounts receivable, net of allowance for credit losses of 595,907 and 0 as of june 30, 2025 and 2024, respectively | 6,786,792 | |||
| Inventories | 12,686,739 | |||
| Contract assets | 454,842 | |||
| Prepaid expenses and other receivables, net of allowance for credit losses of 317,282 and 0 as of june 30, 2025 and 2024, respectively | 1,837,812 | |||
| Prepaid expenses - related party-Related Party | 8,000 | |||
| Total current assets | 23,649,638 | |||
| Property and equipment, gross | 237,800 | |||
| Less accumulated depreciation | 106,078 | |||
| Property and equipment, net | 131,722 | |||
| Operating right-of-use assets | 1,063,438 | |||
| Security deposits | 1,155,016 | |||
| Total non-current assets | 2,218,454 | |||
| Total assets | 25,999,814 | |||
| Accounts payable | 26,244,987 | |||
| Other payables and accrued liabilities | 3,570,959 | |||
| Other payable - related parties-Related Party | 272,917 | |||
| Contract liabilities | 378 | |||
| Income taxes payable | 76,743 | |||
| Current maturity of long-term loan | 23,743 | |||
| Operating lease liabilities - current | 211,525 | |||
| Total current liabilities | 30,401,252 | |||
| Operating lease liabilities - non-current | 889,827 | |||
| Long-term loan - non-current | 73,418 | |||
| Total non-current liabilities | 963,245 | |||
| Total liabilities | 31,364,497 | |||
| Common stock, 0.0001 par value, 50,000,000 and 6,606,664 shares authorized as of june 30, 2025 and 2024, respectively 6,780,597 and 3,303,333 shares issued and outstanding as of june 30, 2025 and 2024, respectively | 678 | |||
| Additional paid-in capital | 14,686,705 | |||
| Accumulated deficit | -20,047,064 | |||
| Accumulated other comprehensive loss | -5,002 | |||
| Total shareholders' deficit | -5,364,683 | |||
| Total liabilities and shareholders' deficit | 25,999,814 | |||
Foxx Development Holdings Inc. (FOXX)
Foxx Development Holdings Inc. (FOXX)