Company: SCAG
Filing Date: 2025-07-03
Form Type: 20-F
Source: 0001213900-25-061408
Chunk: 66

Company: Scage Future
Filing Date: 2025-07-03
Form: 20-F
Item: Item 5
Chunk 66
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-lived assets. The following table sets forth our operating expenses, in absolute amounts and as a percentage of our total revenues for the periods indicated.
 

                                                                  For the fiscal years ended June 30,                                                      For the six months ended December 31,                      
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                                      2024                                         2023                                           2024                                         2023                                   
                                         US$                              %             US$                                   %      US$                              %             US$                              %
Operating expenses:                                                                                                                                                                                                   
General and administrative expenses           3,863,434                63.2                  2,926,280                    668.1           2,095,600                29.3                  2,043,115                62.9
Research and development expenses             1,698,494                27.8                  2,297,474                    524.6             843,083                11.8                    919,920                28.3
Selling and marketing expenses                  648,301                10.6                  1,138,183                    259.9             202,659                 2.8                    470,119                14.5
Impairment of long-lived assets                 200,841                 3.3                          -                        -              49,180                 0.7                          -                   -
Total operating expenses                      6,411,070               104.9                  6,361,937                  1,452.6           3,190,522                44.6                  3,433,154               105.7
 
General and administrative expenses
 
Our general and administrative expenses mainly consist of (1) employee compensation, (2) professional service fees, (3) travelling and transportation expenses, (4) provision for credit losses of financial assets, and (5) other expenses related to general and administrative personnel.
 
Research and development expenses
 
Our research and development (“R&D”) expenses mainly consist of (1) employee compensation, (2) materials and supplies expenses related to our R&D functions, and (3) depreciation and rental expenses related to our R&D functions.
 
Selling and marketing expenses
 
Our selling and marketing expenses mainly consist of (1) employee compensation, (2) marketing and advertising expenses, and (3) depreciation and rental expenses for leased properties related to our marketing functions.
 
Impairment loss of long-lived assets
 
If the sum of the expected undiscount