Company: SCAG
Filing Date: 2025-11-12
Form Type: 20-F
Source: 0001213900-25-109190
Chunk: 215

Company: Scage Future
Filing Date: 2025-11-12
Form: 20-F
Item: Item 19
Chunk 215
---
bright
Bank and Bank of Shanghai (Note 10).

Provisions
for credit losses of nil 73,310 6,953

                                               For the years ended June 30,                                                         
                                               2025                                          2024                  2023             
  Balance at beginning of the year             $                                 79,535      $          6,668      $             -  
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Add: Provision for credit losses                                                    -                73,310                6,953  
  Foreign currency translation adjustment                                         1,151                 ( 443                ( 285  
  Balance at the end of the year               $                                 80,686      $         79,535      $         6,668  

F-24

SCAGE
FUTURE

NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS

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

  INVENTORIES  

Inventories
consisted of the following:

                         As of June 30,                                          
                         2025                               2024                 
 ─────────────────────────────────────────────────────────────────────────────────
  Raw materials          $                     495,126      $           548,774  
  Work in progress                             304,049                  362,789  
  Finished goods                               214,128                  755,159  
  Total inventories      $                   1,013,303      $         1,666,722  

Inventory write-downs of
US$319,413, US$894,005and US$161,495were recorded in cost of revenues for the years ended June 30, 2025, 2024 and 2023, respectively.

  PREPAID                                 

Prepayments
and other current assets, net consist of the following:

                                                                            As of June 30,                  
                                                                                      2025            2024  
  Loans to third parties (1)                                                            $-      $1,409,774  
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Advances for services                                                            330,820         122,987  
  Advances for raw materials                                                       276,472         581,478  
  Deductible input VAT                                                             362,334         424,624  
  Staff advances                                                                    18,901