Company: SCAG
Filing Date: 2025-01-06
Form Type: 424B3
Source: 0001213900-25-001215
Chunk: 557

Company: Scage Future
Filing Date: 2025-01-06
Form: 424B3
Chunk 557
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 US$16,290 for the years ended June 30, 2024 and 2023, respectively. The following table disaggregates the Group’s revenue for the years ended June 30, 2024 and 2023:

| Net revenues:                |     | For the years ended 
 June 30,            
 2024                |           |     | 2023 |         |
|:-----------------------------|:----|:--------------------|----------:|:----|:-----|--------:|
| Sales of NEVs and components |     | $                   | 6,111,141 |     | $    | 421,680 |
| Leasing of NEVs              |     |                     |         — |     |      |  16,290 |
| Total                        |     | $                   | 6,111,141 |     | $    | 437,970 |

F-22

SCAGE INTERNATIONAL LIMITED
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 2.SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (cont.) The following table presents revenue classified by timing of revenue recognition for the years ended June 30, 2024 and 2023:

|               |     | For the years ended 
 June 30,            |      2024 |     |   |    2023 |
|:--------------|:----|:--------------------|----------:|:----|:--|--------:|
| Point in time |     | $                   | 6,111,141 |     | $ | 421,680 |
| Over time     |     |                     |         — |     |   |  16,290 |
| Total         |     | $                   | 6,111,141 |     | $ | 437,970 |

Contract Balances The Group classifies its right to consideration in exchange for goods or services transferred to a customer as either a receivable or a contract asset. A receivable is a right to consideration that is unconditional as compared to a contract asset which is a right to consideration that is conditional upon factors other than the passage of time. The Group recognizes accounts receivable in its consolidated balance sheets when it performs a service in advance of receiving consideration and has the unconditional right to receive consideration. A contract asset is recorded when the Group has transferred services to the customer before payment is received or is due, and the Company’s right to consideration is conditional on future performance or other factors in the contract.