Company: GDSTR
Filing Date: 2025-05-14
Form Type: S-4/A
Source: 0001213900-25-043297
Chunk: 240

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-05-14
Form: S-4/A
Chunk 240
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mpromissory note with a related party, lender B, with proceeds to the Company of $300,000 and an interest rate of zero percent. In March 2024, the Company repaid the entire note in the amount of $300,000 and as of December 31, 2024 and 2023, the balance of the current related party loan payable was zero and $300,000, respectively. In March 2024, the Company entered into a long -termpromissory note with a related party, lender C, with proceeds to the Company of $300,000 and an interest rate of zero percent. In April and May 2024, the Company entered into two short -termpromissory notes for $500,000 each with lender C, with proceeds to the Company of $1,000,000 and an interest rate of zero percent. In October 2024, the Company repaid the short -termpromissory notes in the amount of $500,000. As of December 31, 2024, the balances of the current and noncurrent related party loans were $500,000 and $300,000, respectively. In June 2024, the Company entered into a short -termpromissory note with a related party, lender D, with proceeds to the Company of $500,000 and an interest rate of zero percent. As of December 31, 2024, the balance of the current related party loan was $500,000. In August 2024, the Company entered into a promissory note with a related party, lender E, with proceeds to the Company of $1,000,000 and an interest rate of zero percent; as of December 31, 2024, the balance of the noncurrent related party loan was $1,000,000. Critical Accounting Estimates Our significant accounting policies are more fully described in the notes to our financial statements for the fiscal years ended December 31, 2024 and 2023, included elsewhere in this proxy statement/information statement/prospectus. We believe that the accounting estimates below are critical for one to fully understand and evaluate our financial condition and results of operations. Use of Estimates The financial statements have been prepared in accordance with U.S. GAAP and necessarily include amounts based on estimates and assumptions by management. Actual results could differ from those amounts. Significant estimates include amounts for warranty reserves, inventory, recognition of right of use asset and lease liabilities,