Company: GDSTR
Filing Date: 2025-06-20
Form Type: S-4/A
Source: 0001213900-25-055744
Chunk: 246

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-06-20
Form: S-4/A
Chunk 246
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2024 and 2023, the balance of the current related party loan payable was zero, zero and $300,000, respectively. In March 2024, the Company entered into a long -termpromissory note with a related party, lender C, with proceeds to the Company of $300,000 and an interest rate of zero percent. In April and May 2024, the Company entered into two short -termpromissory notes for $500,000 each with lender C, with proceeds to the Company of $1,000,000 and an interest rate of zero percent. In October 2024 and March 2025, the Company repaid the short -term 131 promissory notes in the amount of $500,000 and $300,000, respectively. As of March31, 2025 and December31, 2024, the balances of the current related party loans were $500,000 and $500,000, respectively. As of March31, 2025 and December31, 2024, the balances of the noncurrent related party loans were $0 and $300,000, respectively. In June 2024, the Company entered into a short -termpromissory note with a related party, lender D, with proceeds to the Company of $500,000 and an interest rate of zero percent. As of March31, 2025 and December 31, 2024, the balance of the current related party loan was $500,000 and $500,000, respectively. In August 2024, the Company entered into a promissory note with a related party, lender E, with proceeds to the Company of $1,000,000 and an interest rate of zero percent; as of March31, 2025 and December 31, 2024, the balance of the noncurrent related party loan was $1,000,000 and $1,000,000, respectively. Critical Accounting Estimates Our significant accounting policies are more fully described in the notes to our unaudited condensed consolidated financial statements for the three months ended March31, 2025 and the audited financial statements for the fiscal year ended December31, 2024, included elsewhere in this proxy statement/information statement/prospectus. We believe that the accounting estimates below are critical for one to fully understand and evaluate our financial condition and results of operations. Use of Estimates The financial statements have been prepared in accordance with U.S. GA