Company: SCAG
Filing Date: 2025-11-12
Form Type: 20-F
Source: 0001213900-25-109190
Chunk: 218

Company: Scage Future
Filing Date: 2025-11-12
Form: 20-F
Item: Item 19
Chunk 218
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841 nil

F-26

SCAGE
FUTURE

NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS

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

  ACCRUED                      

Accrued
expenses and other payables consist of the following:

                                                     As of June 30,                                          
                                                     2025                               2024                 
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Professional service fees                          $                   4,435,167      $           251,912  
  Accrued employee payroll and welfare benefits                          1,998,768                1,582,587  
  Loan from a third party (1)                                              762,689                   74,414  
  Warranty reserve                                                         344,138                  143,206  
  Interest payable                                                         125,233                   64,973  
  Rental fees payable                                                        2,599                        -  
  Others                                                                    96,791                   47,680  
  Total accrued expenses and other payables          $                   7,765,385      $         2,164,772  

  (1)      On April 14, 2025, the group entered into a loan agreement with a third party and borrowed US$ 41,878 (RMB 300,000) for the closing of Business Combination in June, 2025, with a total interest ...  

On
April 8, 2025, the group entered into a loan agreement with a third party and borrowed US$ 500,000 1 279,189 May 31,
2025

On April 5, 2025, the group entered
into an interest-free loan agreement with a third party and borrowed US$500,000the closing of Business Combination in June, 2025. The
loan was due onJune 5, 2025. Interest on default shall accrue at a daily rate of0.1% on the outstanding amount after the due date.

  10.      SHORT-TERM  

As
of June 30, 2025 and 2024, the short-term bank borrowings were for working capital and capital expenditure purposes. Details of the short-term
bank borrowings as of June 30, 2025 are summarized as follows:

  Lender                                 Loan Term                     Interest Rate      Guarantee         Pledged assets                                                  Principal Amount                             
                                                                                                                                                                                       (