Company: SCAG
Filing Date: 2025-11-12
Form Type: 20-F
Source: 0001213900-25-109190
Chunk: 243

Company: Scage Future
Filing Date: 2025-11-12
Form: 20-F
Item: Item 19
Chunk 243
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 equity (Aggregate liquidation preference of nil and $ 16,622,139 as of June 30, 2025 and 2024, respectively)                                                                                                                                          
  Series Angel convertible redeemable preferred shares (par value $ 0.0001 per share, nil and 13,613,762 shares authorized, issued and outstanding as of June 30, 2025 and 2024, respectively)                          -                              3,560,518  
  Series Pre-A convertible redeemable preferred shares (par value $ 0.0001 per share, nil and 12,495,712 shares authorized, issued and outstanding as of June 30, 2025 and 2024, respectively)                          -                              7,843,461  
  Series A convertible redeemable preferred shares (par value $ 0.0001 per share, nil and 5,082,112 shares authorized, issued and outstanding as of June 30, 2025 and 2024, respectively)                               -                              8,811,509  
  Receivables for Series A convertible redeemable preferred shares                                                                                                                                                      -                              ( 735,496  
  Redeemable non-controlling interests                                                                                                                                                                                  4,651,293                      4,584,984  
  Total mezzanine equity                                                                                                                                                                                                4,651,293                     24,064,976  
  Shareholders’ deficit                                                                                                                                                                                                                                           
  Ordinary shares                                                                                                                                                                                                       7,224                              5,072  
  Additional paid-in capital                                                                                                                                                                                            34,042,059                             -  
  Accumulated deficit                                                                                                                                                                                                   ( 40,217,153                ( 27,273,366  
  Accumulated other comprehensive income                                                                                                                                                                                900,287                        1,269,726  
  Total Scage shareholders’ deficit                                                                                                                                                                                     ( 5,267,583                 ( 25,998,568  
  Total liabilities, mezzanine equity and shareholders’ deficit                                                                                                                                     $                   179,257           $              324,842  

F-46

SCAGE
FUTURE

NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS

(In
U. S. dollars, except for share and per share data, or otherwise noted)

  25.      CONDENSED                                            

Unaudited
condensed statements of operations and comprehensive loss

                                                                               For the years ended June 30,                                                                          
                                                                               2025                                                2024                       2023                   
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