Company: GDSTR
Filing Date: 2025-07-18
Form Type: S-4/A
Source: 0001213900-25-065671
Chunk: 387

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-07-18
Form: S-4/A
Chunk 387
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 non -currentincluded the following:

|                                                    |     |   | December 31, 
         2024 |     |   | December 31, 
         2023 |
|:---------------------------------------------------|:----|:--|-------------:|:----|:--|-------------:|
| Loans payable, current – individual lenders        |     | $ |            — |     | $ |      500,000 |
| Loans payable, non-current – individual lenders    |     |   |            — |     |   |      600,000 |
| Interest payable, current – individual lenders     |     |   |       11,233 |     |   |            — |
| Interest payable, non-current – individual lenders |     |   |            — |     |   |      121,233 |
| Total loans payable                                |     | $ |       11,233 |     | $ |    1,221,233 |

Prior to January 1, 2022, the Company entered into a promissory note with an individual, lender A, with proceeds to the Company of $600,000 and an interest rate of 5% per annum. As of December 31, 2023, the balances of the loan payable and interest payable connected to this note were $600,000 and $110,000, respectively; in January 2024, lender A and the Company entered into loan conversion agreements, whereby the entire amounts of the loan payable and the related interest payable were converted into shares of common stock at a price per share of $0.8057 for an aggregate number of shares of 881,209. Upon conversion, both the loan payable and interest payable were deemed to be repaid in full and the Company has no further obligation in connection with these loans to lender A. As of December 31, 2024, the balances of the loan payable and interest payable connected to this note are $0; interest expense accrued on the loan was $0 and $30,000 for the years ended December 31, 2024 and 2023, respectively. In October 2023, the Company entered into a promissory note with an individual shareholder, lender B, with proceeds to the Company of $500,000 and an interest rate of 10% per annum. As of December 31, 2023, the balances of the related party loan payable and interest payable connected to this note were $500,000 and $11,