Company: GDSTR
Filing Date: 2025-08-05
Form Type: S-4/A
Source: 0001213900-25-071731
Chunk: 363

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-08-05
Form: S-4/A
Chunk 363
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arrants accounted for as equity instruments represent the warrants issued to the Company’s customer as discussed in Note 14 under the subsection “Warrants”. The Company adopted FASB ASU 2019 -08, Compensation — Stock Compensation(Topic 718) and Revenue from Contracts with Customers(Topic 606), which requires entities to measure and classify share -basedpayment awards granted to a customer. Litigation The Company accounts for litigation losses in accordance with ASC 450 — Contingencies(“ASC 450”). Under ASC 450, loss contingency provisions are recorded for probable losses at management’s best estimate of a loss, or when a best estimate cannot be made, a minimum loss contingency amount is recorded. Legal fees are recorded as incurred. Concentration of Risk and Guarantees The Company had two customers for the three months ended March 31, 2025 that accounted for approximately 46% and 31% of its revenue. These same two customers represented approximately 25% and 0% of the Company’s accounts receivable as of March 31, 2025, respectively. For the three months ended March 31, 2024, the Company had one customer that accounted for approximately 81% of its revenue, and approximately 49% of its accounts receivable as of March 31, 2024. 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