XML 29 R5.htm IDEA: XBRL DOCUMENT v3.25.3
Consolidated Statements of Operations and Comprehensive Loss - USD ($)
12 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2023
Total revenues $ 11,122,585 $ 6,111,141 $ 437,970
Cost of revenues (11,835,751) (5,574,685) (795,286)
Gross (loss)/profit (713,166) 536,456 (357,316)
Operating expenses:      
Selling and marketing expenses (401,840) (648,301) (1,138,183)
Research and development expenses (1,545,278) (1,698,494) (2,297,474)
General and administrative expenses (10,707,685) (3,863,434) (2,926,280)
Impairment of long-lived assets (46,185) (200,841)
Total operating expenses (12,700,988) (6,411,070) (6,361,937)
Loss from operations (13,414,154) (5,874,614) (6,719,253)
Interest expense, net (338,243) (369,847) (151,492)
Other income, net 21,588 263,685 252,536
Fair value change in derivative liability 328,581
Gain on investments 336,325
Total other income/(loss), net 348,251 (106,162) 101,044
Loss before income taxes (13,065,903) (5,980,776) (6,618,209)
Income tax expense
Net loss (13,065,903) (5,980,776) (6,618,209)
Less: Net loss attributable to non-controlling interests (121,695) (158,597) (180,881)
Less: Net loss attributable to redeemable non-controlling interests (421) (7,738)
Net loss attributable to Scage Future (12,943,787) (5,814,441) (6,437,328)
Accretion of convertible redeemable preferred shares (3,177,059)
Accretion of redeemable non-controlling interests (1,851,388)
Net loss attributable to Scage Future’s ordinary shareholders (12,943,787) (7,665,829) (9,614,387)
Other comprehensive (loss)/income      
Foreign currency translation adjustment, net of tax of nil (350,194) 102,029 1,171,995
Comprehensive loss (13,416,097) (5,878,747) (5,446,214)
Less: Comprehensive loss attributable to non-controlling interests (169,180) (113,600) (171,171)
Less: Comprehensive loss attributable to redeemable non-controlling interests 66,309 (7,738)
Comprehensive loss attributable to Scage Future (13,313,226) (5,757,409) (5,275,043)
Accretion of convertible redeemable preferred shares (3,177,059)
Accretion of redeemable non-controlling interests (1,851,388)
Comprehensive loss attributable to Scage Future’s ordinary shareholders $ (13,313,226) $ (7,608,797) $ (8,452,102)
Loss per share      
Basic (in Dollars per share) [1] $ (0.18) $ (0.15) $ (0.19)
Diluted (in Dollars per share) [1] $ (0.18) $ (0.15) $ (0.19)
Weighted average number of ordinary shares outstanding used in computing loss per share      
Basic (in Shares) [1] 72,243,992 50,716,451 50,716,451
Diluted (in Shares) [1] 72,243,992 50,716,451 50,716,451
Revenues – third parties      
Total revenues $ 11,122,585 $ 6,111,141 $ 421,680
Revenues – a related party      
Total revenues $ 16,290
[1] Share data has been retroactively restated to give effect to the Reverse Recapitalization related to the Business Combination completed on June 27, 2025. (Note 1 and Note 15)