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Consolidated Balance Sheets
Jun. 30, 2025
USD ($)
Jun. 30, 2024
USD ($)
Current assets:    
Cash $ 90,758 $ 1,977,494
Restricted cash 6,980 6,880
Accounts receivable, net 2,580,730 2,006,000
Contract assets, current 236,054
Inventories, net 1,013,303 1,666,722
Prepaid expenses and other current assets, net 1,075,837 2,857,031
Total current assets 5,015,049 8,553,616
Non-current assets:    
Property and equipment, net 713,402 1,090,737
Right-of-use assets, net 126,173 283,607
Deferred offering costs 598,527
Long-term investments 20,336,325
Contract assets, non-current 292,814
Other non-current assets 30,719
Total non-current assets 21,468,714 2,003,590
TOTAL ASSETS 26,483,763 10,557,206
Current liabilities:    
Short-term borrowings 9,632,029 8,421,400
Accounts payable 2,713,803 221,097
Contract liabilities 192,898 597,451
Accrued expenses and other payables 7,765,385 2,164,772
Operating lease liabilities, current 131,141 167,592
Derivative Liability 676,890
Convertible debt, current 2,411,553 872,003
Total current liabilities 25,407,828 12,683,202
Non-current liabilities:    
Operating lease liabilities, non-current 86,758
Total non-current liabilities 2,019,233 86,758
TOTAL LIABILITIES 27,427,061 12,769,960
Commitments and contingencies (Note 21)
Mezzanine equity (Aggregate liquidation preference of nil and $16,622,139 as of June 30, 2025 and 2024, respectively)    
Receivables for Series A convertible redeemable preferred shares (735,496)
Redeemable non-controlling interests 4,651,293 4,584,984
Total mezzanine equity 4,651,293 24,064,976
Shareholders’ deficit    
Ordinary shares (par value of US$0.0001 per share; 500,000,000 shares authorized as of June 30, 2025 and 2024, respectively; 72,243,992 and 50,716,451 shares issued and outstanding as of June 30, 2025 and 2024, respectively) [1] 7,224 5,072
Additional paid-in capital 34,042,059
Accumulated deficit [1] (40,217,153) (27,273,366)
Accumulated other comprehensive income 900,287 1,269,726
Total shareholders’ deficit attributable to Scage Future (5,267,583) (25,998,568)
Non-controlling interests (327,008) (279,162)
Total shareholders’ deficit (5,594,591) (26,277,730)
TOTAL LIABILITIES, MEZZANINE EQUITY AND SHAREHOLDERS’ DEFICIT 26,483,763 10,557,206
Series Angel Convertible Redeemable Preferred Shares    
Mezzanine equity (Aggregate liquidation preference of nil and $16,622,139 as of June 30, 2025 and 2024, respectively)    
Preferred shares, value 3,560,518
Series Pre-A Convertible Redeemable Preferred Shares    
Mezzanine equity (Aggregate liquidation preference of nil and $16,622,139 as of June 30, 2025 and 2024, respectively)    
Preferred shares, value 7,843,461
Series A Convertible Redeemable Preferred Shares    
Mezzanine equity (Aggregate liquidation preference of nil and $16,622,139 as of June 30, 2025 and 2024, respectively)    
Preferred shares, value 8,811,509
Related Party    
Current assets:    
Amounts due from related parties, net 11,387 39,489
Current liabilities:    
Amounts due to related parties 1,884,129 238,887
Non-current liabilities:    
Amounts due to a related party, non-current $ 2,019,233
[1] Par value of ordinary shares, share data and accumulated deficit have been retroactively restated to give effect to the Reverse Recapitalization (defined below) related to the Business Combination (defined below) completed on June 27, 2025. (Note 1 and Note 15)