Company: GDSTR
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001213900-25-014248
Chunk: 5

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-02-14
Form: 10-Q
Item: Item 1
Chunk 5
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 For the 

    Nine Months Ended  
    Nine Months Ended 

    December 31, 2024  
    December 31, 2023 

    Cash Flows from Operating Activities: 

    Net income 
    $99,459  
    $904,790 
  
    Adjustments to reconcile net income to net cash used in operating activities: 

    Interest earned on investment held in Trust Account 
     (1,137,036) 
     (2,223,710)
  
    Deferred tax (benefit) provision 
     (36,551) 
     2,704 
  
    Change in operating assets and liabilities: 

    Prepaid expenses 
     58,250 
     52,500 
  
    Prepaid income taxes 
     (192,613) 
     - 
  
    Accrued expenses 
     251,320  
     374,681 
  
    Due to related parties 
     -  
     155,000 
  
    Income tax payable 
     (358,882) 
     13,135 
  
    Franchise tax payable 
     40,295  
     5,145 
  
    Net Cash Used in Operating Activities 
     (1,275,758) 
     (715,755)

    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    Cash withdrawn from Trust Account for payment to redeeming stockholders 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 
     (550,000) 
     (975,000)
  
    Withdrawal of investment held in Trust Account to pay taxes 
     838,369  
     538,109 
  
    Net Cash Provided by Investing Activities 
     38,332,714  
     7,720,910 

    Cash Flows from Financing Activities: 

    Redemption of common stock 
     (38,044,345) 
     (8,157,801)
  
    Proceeds from working capital and extension loans from related party 
     1,195,000  
     1,148,000 
  
    Repayments of working capital loans from related party 
     (230,000) 
     - 
  
    Net Cash Used in Financing Activities 
     (37,079,