Company: GDSTR
Filing Date: 2025-06-16
Form Type: 10-K
Source: 0001213900-25-054825
Chunk: 182

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-06-16
Form: 10-K
Item: Item 1A
Chunk 182
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846,250  
    $185  
    $-  
    $(6,518,440) 
    $(6,518,255)

The
accompanying notes are an integral part of these consolidated financial statements.

F-5

GOLDENSTONE
ACQUISITION LIMITED

CONSOLIDATED
STATEMENTS OF CASH FLOWS

    For the  
    For the 

    Year Ended  
    Year Ended 

    March
    31, 2025  
    March
    31, 2024 

    Cash
    Flows from Operating Activities: 

    Net
    income 
    $109,366  
    $1,596,567 
  
    Adjustments
    to reconcile net income to net cash used in operating activities: 

    Income
    from business combination deposits forfeited by the former target company 
     -  
     (125,000)
  
    Interest
    earned on investments held in Trust Account 
     (1,330,551) 
     (2,934,879)
  
    Deferred
    tax (benefit) provision 
     (37,152) 
     2,975 
  
    Change
    in operating assets and liabilities: 

    Prepaid
    expenses 
     58,250  
     (8,250)
  
    Prepaid
    income taxes 
     (287,911) 
     - 
  
    Prepaid
    franchise taxes 
     (26,165) 
     - 
  
    Accrued
    expenses 
     391,802  
     287,945 
  
    Income
    tax payable 
     (358,882) 
     105,456 
  
    Franchise
    tax payable 
     (12,300) 
     300 
  
    Net
    Cash Used in Operating Activities 
     (1,493,543) 
     (1,074,886)

    Cash
    Flows from Investing Activities: 

    Cash
    withdrawn from Trust Account for payment to redeeming stockholders 
     38,044,345  
     8,157,801 
  
    Purchase
    of investment held in Trust Account 
     (700,000) 
     (1,275,000)
  
    Withdrawal
    of investment