diff --git a/Gems/ScriptCanvas/Code/Editor/View/Windows/Tools/UpgradeTool/VersionExplorer.cpp b/Gems/ScriptCanvas/Code/Editor/View/Windows/Tools/UpgradeTool/VersionExplorer.cpp
index ae2433d7fc..fdc2ea490b 100644
--- a/Gems/ScriptCanvas/Code/Editor/View/Windows/Tools/UpgradeTool/VersionExplorer.cpp
+++ b/Gems/ScriptCanvas/Code/Editor/View/Windows/Tools/UpgradeTool/VersionExplorer.cpp
@@ -697,8 +697,10 @@ namespace ScriptCanvasEditor
 
         bool onlyShowOutdatedGraphs = m_ui->onlyShowOutdated->isChecked();
         bool forceUpgrade = m_ui->forceUpgrade->isChecked();
-                
-        if (!forceUpgrade && onlyShowOutdatedGraphs && graphComponent->GetVersion().IsLatest())
+        ScriptCanvas::VersionData graphVersion = graphComponent->GetVersion();
+
+
+        if (!forceUpgrade && onlyShowOutdatedGraphs && graphVersion.IsLatest())
         {
             ScanComplete(asset);
             Log("InspectAsset: %s, is at latest", asset.GetHint().c_str());
@@ -842,8 +844,8 @@ namespace ScriptCanvasEditor
         }
         else
         {
-            spinnerText.append(QString::asprintf(" - Discovered: %zu, Inspected: %zu, Failed: %zu"
-                , m_discoveredAssets, m_inspectedAssets, m_failedAssets));
+            spinnerText.append(QString::asprintf(" - Discovered: %zu, Inspected: %zu, Failed: %zu, Upgradeable: %zu"
+                , m_discoveredAssets, m_inspectedAssets, m_failedAssets, m_assetsToUpgrade.size()));
         }
 
 
diff --git a/Gems/ScriptCanvas/Code/Editor/View/Windows/Tools/UpgradeTool/VersionExplorer.ui b/Gems/ScriptCanvas/Code/Editor/View/Windows/Tools/UpgradeTool/VersionExplorer.ui
index 53e9401194..0cd67bcf22 100644
--- a/Gems/ScriptCanvas/Code/Editor/View/Windows/Tools/UpgradeTool/VersionExplorer.ui
+++ b/Gems/ScriptCanvas/Code/Editor/View/Windows/Tools/UpgradeTool/VersionExplorer.ui
@@ -369,6 +369,9 @@
              <property name="text">
               <string>Update Reporting Only</string>
              </property>
+             <property name="tristate">
+              <bool>true</bool>
+             </property>
             </widget>
            </item>
           </layout>
diff --git a/Gems/ScriptCanvas/Code/Include/ScriptCanvas/Core/Core.cpp b/Gems/ScriptCanvas/Code/Include/ScriptCanvas/Core/Core.cpp
index 14d54b1fd6..9ec941d269 100644
--- a/Gems/ScriptCanvas/Code/Include/ScriptCanvas/Core/Core.cpp
+++ b/Gems/ScriptCanvas/Code/Include/ScriptCanvas/Core/Core.cpp
@@ -135,6 +135,16 @@ namespace ScriptCanvas
         if (AZ::SerializeContext* serializeContext = azrtti_cast<AZ::SerializeContext*>(context))
         {
             serializeContext->Class<VersionData>()
+                ->Version(2, [](AZ::SerializeContext& context, AZ::SerializeContext::DataElementNode& classElement)
+                    {
+                        if (classElement.GetVersion() < 2)
+                        {
+                            FileVersion fileVersion = ScriptCanvas::FileVersion::Initial;
+                            classElement.AddElementWithData(context, "_fileVersion", fileVersion);
+                        }
+
+                        return true;
+                    })
                 ->Field("_grammarVersion", &VersionData::grammarVersion)
                 ->Field("_runtimeVersion", &VersionData::runtimeVersion)
                 ->Field("_fileVersion", &VersionData::fileVersion)