Company: GDSTR
Filing Date: 2025-08-05
Form Type: S-4/A
Source: 0001213900-25-071731
Chunk: 359

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-08-05
Form: S-4/A
Chunk 359
---
 Value Measurement The Company measures the fair value of financial assets and liabilities based on the guidance of ASC 820 “Fair Value Measurements” (“ASC 820”), which defines fair value, establishes a framework for measuring fair value, and expands disclosures about fair value measurements. ASC 820 defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC 820 also establishes a fair value hierarchy, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 820 describes three levels of inputs that may be used to measure fair value: •Level 1 — Quoted prices in active markets for identical assets or liabilities; •Level 2 — Quoted prices for similar assets and liabilities in active markets or inputs that are observable; and •Level 3 — Inputs that are unobservable (for example, cash flow modeling inputs based on assumptions). Revenue Recognition Revenue is accounted for in accordance with ASC 606 — Revenue from Contracts with Customers(“ASC 606”). Revenue is recognized as control of goods and/or services are transferred to customers in an amount that reflects the consideration an entity expects to receive in exchange for the goods and/or services. Contracts with Customers The Company’s revenues are derived primarily from i) manufactured product sales in the form of finished power cell units and raw materials/parts in the form of service -relatedparts that coincide with the delivery of the product(s) and ii) an optional extended service protection plan on finished power cell units that is recognized over the life of the extended service protection plan. The Company recognizes revenue from manufactured product sales in the form of finished power cell units and raw materials/parts upon the transfer of control, which is generally upon shipment of the goods. Title and risk pass to the customer upon Free on Board (“FOB”) shipping point or FOB destination depending on the contract terms with its customer. The Company recognizes the revenue related to the sale of the products, net of any sales discounts and variable considerations, including (but not limited to) price concessions, volume discounts, rebates and incentives. For the three months ended March 31, 2025, the Company recognized a sale incentive discount in the amount of $18,366 in F-34 INFINTIUM FUEL CELL SYSTEMS, INC.
NOTES TO FINANCIAL STATEMENTS
(Unaudited