Company: GDSTR
Filing Date: 2025-06-20
Form Type: S-4/A
Source: 0001213900-25-055744
Chunk: 237

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-06-20
Form: S-4/A
Chunk 237
---
 development activities for product demos. Depreciation and amortization Depreciation and amortization expenses for the three months ended March 31, 2025 decreased by 49.0% to approximately $30,000 as compared to approximately $59,000 for the three months ended March 31, 2024. The decrease was primarily due to some of our equipment had reached the end of its estimated useful life span and were fully depreciated in 2024 with less depreciation incurred in the three months ended March 31, 2025. Other Expense, net Other expense, net, primarily consists of interest expense and other income (expense), net. Other expense, net for the three months ended March 31, 2025 was approximately $1,000 as compared to other expense of approximately $8,000 for the three months ended March 31, 2024. The decrease was mainly driven by a reduction in interest expense of approximately $8,000. Additionally, the decrease was caused by a decrease in other income of approximately $1,000, which resulted from no credit card reward redemptions in the three months ended March 31, 2025. Provision for Income Taxes We did not incur income tax expense for the three months ended March 31, 2025 and 2024 as we had operating losses. Net Loss We incurred a net loss of approximately $1.6 million for the three months ended March 31, 2025, as compared to a net loss of approximately $2.1 million for the three months ended March 31, 2024. This change was the result of the combination of the changes as discussed above.

125

For the Year Ended December 31, 2024 compared to December 31, 2023 Results of Operations The following table presents certain combined statement of operations information and presentation of that data as a percentage of change from year to year.

|                                     |     | For the Year Ended December 31, 
                            2024 |   |     |       2023 |   |     |     Change |   |     | Percentage 
     Change |   |
|:------------------------------------|:----|--------------------------------:|:--|:----|-----------:|:--|:----|-----------:|:--|:----|-----------:|:--|
|                                     |     |                             US$ |   |     |        US$ |   |     |        US$ |   |     |          % |   |
|