The latest financial statement is for the quarter ending 2025-12-31.
| Cash Flow | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|
| Net loss | -4,285,914 | -2,865,442 | -9,020,136 |
| Amortization of operating right of use assets | 438,528 | 434,362 | 214,313 |
| Provision of credit losses, net | 187,839 | -104,276 | 913,190 |
| Stock-based compensation expenses | 406,322 | 296,797 | 815,678 |
| Gain on disposal of equipment | 3,382 | -592 | -3,400 |
| Accounts receivable | -6,607,608 | 6,021,541 | 7,130,805 |
| Inventories | -187,581 | -745,716 | 10,918,667 |
| Contract assets | -126,464 | -189,714 | -1,227,448 |
| Prepaid expenses and other current assets | 548,923 | -809,397 | 2,028,619 |
| Amount due from related parties | 53,157 | -8,000 | 7,860 |
| Security deposits | -500 | - | -1,125,107 |
| Accounts payable | -1,994,503 | 5,428,061 | 24,848,127 |
| Contract liabilities | -344,184 | 367,331 | -649,072 |
| Income taxes payable | -6,400 | -5,100 | -226,262 |
| Other payables and accrued liabilities | -964,869 | 333,376 | 2,350,223 |
| Other payable - related parties | -243,867 | 6,213 | -150,830 |
| Impairments of inventories | 1,086,547 | 484,315 | - |
| Depreciation | 11,623 | 11,742 | 47,732 |
| Operating lease liabilities | -322,639 | -496,020 | -175,607 |
| Interest expense from convertible promissory notes | 0 | 0 | 140,740 |
| Change in fair value of earnout liabilities | 0 | 0 | -5,688,007 |
| Security deposits - related party | - | 0 | - |
| Net cash used in operating activities | 284,174 | -376,763 | -6,560,121 |
| Proceeds from disposal of equipment | 8,826 | - | 28,100 |
| Purchases of property and equipment | 0 | 0 | 68,336 |
| Net cash provided by (used in) investing activities | 8,826 | 0 | -40,236 |
| Principal payments of long-term loan | 5,422 | 6,980 | 17,820 |
| Repayments to short-term loans | 0 | 0 | 291,208 |
| Proceeds from convertible promissory note | 0 | 0 | 9,000,000 |
| Proceeds from reverse recapitalization, net of payments of transaction costs | 0 | - | 19,710,288 |
| Proceeds from issuance of common stock through exercise of warrants | 0 | 0 | 120,750 |
| Payment of redemption payable | 0 | - | 20,499,790 |
| Payments of deferred transaction costs | 0 | 0 | 131,400 |
| Net cash (used in) provided by financing activities | -5,422 | -6,980 | 7,890,820 |
| Effect of exchange rate changes | -2,386 | -7,218 | -2,458 |
| Net change in cash | 285,192 | -390,961 | 1,288,005 |
| Cash and cash equivalents at beginning of period | 1,484,492 | 1,875,453 | 587,448 |
| Cash and cash equivalents at end of period | 1,769,684 | 1,484,492 | 1,875,453 |
Foxx Development Holdings Inc. (FOXXW)
Foxx Development Holdings Inc. (FOXXW)