Company: GDSTR
Filing Date: 2025-08-05
Form Type: S-4/A
Source: 0001213900-25-071731
Chunk: 251

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-08-05
Form: S-4/A
Chunk 251
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 to cash on hand of $876,407 and working capital of $1,243,806 at December 31, 2023. In assessing our liquidity, we monitor and analyze our cash -on-handand operating and capital expenditure commitments. To date, we have financed our working capital requirements mainly through a combination of ownership contributions, proceeds from loans payables, advances from related parties and the issuance of common stock. Our ability to continue as a going concern is dependent on many factors, including, among other things, the ability to comply with the covenants in its existing debt agreements and the ability to pay, retire, amend, replace, or refinance indebtedness as defaults occur or as interest and principal payments come due. Despite the terms of the ownership contributions and our current operations and expectations for continued growth, we believe that cash generated from operating activities will not be adequate to meet current and expected operating needs, anticipated capital investment and debt service obligations for the next twelve months from the issuance date of these financial statements. Management estimates that we will need to rely upon ownership contributions from stockholders, officers and directors, or their affiliates, as well as successful capital raises through equity and debt financings to cover operating and capital requirements. Although management has been successful to date in raising necessary funding and obtaining financing through investors, there can be no assurance that any required future financing can be successfully completed on a timely basis, on terms acceptable to us, or at all. Based on these circumstances, management has determined that these conditions raise substantial doubt about the Company’s ability to continue as a going concern for the twelve months following the issuance of these financial statements. Accordingly, the accompanying financial statements have been prepared in conformity with U.S. GAAP, which contemplates continuation of us as a going concern and the realization of assets and the satisfaction of liabilities in the normal course of business. The financial statements do not include any adjustments that might result from the outcome of this uncertainty. The following table summarizes our working capital as of March31, 2025, December 31, 2024 and 2023:

|                                   |     |  March 31, 
       2025 |     | December 31, 
         2024 |   |     | December 31, 
         2023 |
|:----------------------------------|:----|-----------:|:----|-------------:|:--|:----|-------------:|
|                                   |     |        US$ |     |          US$ |   |     |          US$ |