Company: SCAG
Filing Date: 2025-07-03
Form Type: 20-F
Source: 0001213900-25-061408
Chunk: 30

Company: Scage Future
Filing Date: 2025-07-03
Form: 20-F
Item: Item 1
Chunk 30
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 activities, which could adversely affect our business and
financial performance.

Our future capital requirements
depend on many factors including our growth rate, the continuing market acceptance of our offerings, the timing and extent of spending
in research and development our efforts to strengthen our services abilities, the expansion of sales and marketing activities, and the
expansion and penetration of our business into different geographies and markets. We may, however, need additional cash resources in the
future if we experience changes in business conditions or other developments, or if we find and wish to pursue opportunities for investment,
acquisition, capital expenditure or similar actions. If we determine that our cash requirements exceed the amount of cash and cash equivalents
we have on hand at the time, we may seek to issue equity or debt securities or obtain credit facilities. The issuance and sale of additional
equity would result in further dilution to our shareholders. The incurrence of indebtedness would result in increased fixed obligations
and could result in operating covenants that would restrict our operations. Our obligation to bear credit risk for certain financing transactions
we facilitate may also strain our operating cash flow.

Cash Flows

The following table sets
forth a summary of our cash flows for the periods presented.

                                                            For the Year Ended                           For the  
                                                                      June 30,                        Six Months  
                                                                                                           Ended  
                                                                                                    December 31,  
                                                                          2024            2023              2024  
                                                                           US$             US$               US$  
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Net cash used in operating activities                             (6,223,797      (4,892,650        (1,745,878  
  Net cash used in investing activities                             (1,596,653        (193,575       (20,614,339  
  Net cash provided by financing activities                          8,736,514       6,206,421        21,034,565  
  Effect of exchange rate changes                                       (7,679        (128,847             8,667  
  Net increase/(decrease) in cash and restricted cash                  908,385         991,349        (1,316,985  
  Cash and restricted cash, at beginning of the period               1,075,989          84,640         1,984,374  
  Cash and restricted cash, at end of the period                     1,984,374       1,075,