Company: GDSTR
Filing Date: 2025-06-20
Form Type: S-4/A
Source: 0001213900-25-055744
Chunk: 249

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-06-20
Form: S-4/A
Chunk 249
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 costs incurred by customers. The recorded warranty reserve balance involves judgment and estimates, and our reserve estimate would be based on an analysis of historical warranty data as well as current trends and information. As of December31, 2024, no warranty reserve is recorded. Recently Issued Accounting Pronouncements The Company considers the applicability and impact of all ASUs. Management periodically reviews new accounting standards that are issued. Under the Jumpstart Our Business Startups Act of 2021, as amended (the “JOBS Act”), the Company meets the definition of an emerging growth company, or EGC, and has elected the extended transition period for complying with new or revised accounting standards, which delays the adoption of these accounting standards until they would apply to private companies. In October 2023, the FASB issued ASU 2023 -06, Disclosure Improvements: Codification Amendments in Response to the SEC’s Disclosure Update and Simplification Initiative,which incorporates into the Codification several disclosures and presentation requirements currently residing in SEC Regulations S -Xand S -K. As a result, the ASU is not expected to significantly affect entities currently subject to these SEC requirements. However, certain disclosures currently presented outside the financial statements as a result of Regulation S -Kmay need to be relocated into the financial statements. Conversely, the ASU adds requirements for private and not -for-profitentities, including new disclosures about i) the accounting policy for presentation of derivative instruments and their related gains and losses in the statement of cash flows, ii) assets mortgaged, pledged or subject to lien and the obligations collateralized, iii) amounts and terms of unused lines of credit and unfunded commitments, iv) material prior -periodadjustments and the effect on retained earnings when there has been a change in reporting entity in interim period financial statements and v) repurchase and reverse repurchase agreements. Disclosure of the weighted -averageinterest rates on short -termborrowings and repurchase liabilities is required only for public business entities. If by June 30, 2027, the SEC has not removed the existing disclosure requirement from Regulations S -Xor S -K, the corresponding disclosure pending requirement will be removed from the Codification and will not become effective for any entities. The ASU is applied prospectively; the Company does not expect this standard to have a material impact on the Company’s financial statements. 133 On December 14, 2023, the FASB issued ASU 2023 -09, Income Taxes (Topic 740