Company: GDSTR
Filing Date: 2025-06-16
Form Type: 10-K
Source: 0001213900-25-054825
Chunk: 969

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-06-16
Form: 10-K
Item: Item 7
Chunk 969
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 the prepaid
income taxes balance when it will file the federal income tax return in July 2025.

F-22

NOTE
10 — SEGEMNT INFORMATION

ASC
Topic 280, “Segment Reporting,” establishes standards for companies to report in their financial statement information about
operating segments, products, services, geographic areas, and major customers. Operating segments are defined as components of an
enterprise for which separate financial information is available that is regularly evaluated by the Company’s chief operating decision
maker, or group, in deciding how to allocate resources and assess performance. The Company has adopted the guidance in ASU 2023-07, Segment
Reporting (Topic 280): Improvements to Reportable Segment Disclosures for the year ended March 31, 2025, in the accompanying consolidated
financial statements using the retrospective method of adoption.

The
Company’s chief operating decision maker has been identified as the Chief Executive Officer (“CODM”), who reviews the
operating results for the Company as a whole to make decisions about allocating resources and assessing financial performance. Accordingly,
management has determined that the Company only has one operating and reportable segment.

When
evaluating the Company’s performance and making key decisions regarding resource allocation the CODM reviews several key metrics,
which include the following:

    For
                                            the  Year Ended March 31, 2025  
    For
                                            the  Year Ended
                                             March
                                            31,  2024 
  
    Professional
    service fee in connection with the Business Combination 
    $(343,250) 
    $(15,000)
  
    Other formation and
    operating costs 
     (627,967) 
     (702,167)
  
    Franchise tax credit
    (expenses) 
     37,275  
     (129,953)
  
    Income from business
    combination deposits forfeited by the former target company 
     -  
     125,000 
  
    Interest earned on
    investment held in Trust Account 
     1,330,551  
     2,934,879 
  
    Income
    taxes provision 
     (287,243) 
     (616,192)
  
    Net
    income 
    $109,366  
    $1,596,567 

The
key measures of segment profit or loss reviewed by the Company’s CODM are interest earned on investment in Trust Account and formation
and operating