Company: GDSTR
Filing Date: 2025-07-18
Form Type: S-4/A
Source: 0001213900-25-065671
Chunk: 397

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-07-18
Form: S-4/A
Chunk 397
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As of the date of this filing, the Company has not filed its 2024 federal and state corporate income tax returns. The Company expects to file these documents as soon as practicable. The Company has evaluated its income tax positions and has determined that it does not have any uncertain tax positions. The Company will recognize interest and penalties related to any uncertain tax positions through its income tax expense.

F-67

INFINTIUM FUEL CELL SYSTEMS, INC.
NOTES TO FINANCIAL STATEMENTS NOTE 18 — COMMITMENTS AND CONTINGENCIES From time to time, the Company is subject to various claims that arise in the ordinary course of business. Management believes that any liability of the Company that may arise out of or with respect to these matters will not materially adversely affect the financial position, results of operations, or cash flows of the Company. NOTE 19 — SEGMENT INFORMATION The Company conducts business as a single operating segment which is based upon the Company’s organizational and management structure, as well as information used by the Chie Executive Officer (“CODM”) to allocate resources and other factors. The accounting policies of the segment are the same as those described in Note 2. The key measure of segment profitability that the CODM uses to allocate resources and assess performance is net loss, as reported on the statements of operations. The following table presents the significant revenue and expense categories of the Company’s single operating segment:

|                                              |     | Year Ended December 31, |       2024 |   |     |   |       2023 |   |
|:---------------------------------------------|:----|:------------------------|-----------:|:--|:----|:--|-----------:|:--|
| Revenues                                     |     | $                       |  5,055,110 |   |     | $ |  2,803,215 |   |
| Less:                                        |     |                         |            |   |     |   |            |   |
| Cost of revenues(1)                          |     |                         |  5,120,826 |   |     |   |  3,264,888 |   |
| Salary and benefits expenses                 |     |                         |  2,865,011 |   |     |   |  2,431,448 |   |
| Professional fees                            |     |                         |  1,510,719 |   |     |   |     75,090