Company: GDSTR
Filing Date: 2025-07-18
Form Type: S-4/A
Source: 0001213900-25-065671
Chunk: 252

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-07-18
Form: S-4/A
Chunk 252
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optional extended service protection plan in advance for future warranty revenue recognition, and (vii) approximately $1.1 million of non -cashoperating activities, which include stock -basedcompensation, depreciation and amortization expense, inventory obsolescence recovery, and amortization of right -of-useasset.

136 Cash Flows from Investing Activities Net cash used in investing activities for the three months ended March 31, 2025 was approximately $3,000, primarily driven by purchases of equipment. Net cash used in investing activities for the three months ended March 31, 2024 was approximately $30,000 primarily driven by purchases of equipment. Net cash used in investing activities for the year ended December 31, 2024 was approximately $0.2 million, primarily driven by purchases of property and equipment. Net cash provided by investing activities for the year ended December 31, 2023 was approximately $47,000, primarily resulting from the proceeds from the sale of property and equipment of $60,000, offset by the purchase of property and equipment for approximately $13,000. Cash Flows from Financing Activities Net cash used in financing activities for the three months ended March 31, 2025 was approximately $300,000, primarily driven by repayments of loans payable — related party. We have no cash flows used in financing activities for the three months ended March 31, 2024. Net cash provided by financing activities for the year ended December 31, 2024 was $2.0 million, primarily resulting from proceeds from loan payable — related party of $2.8 million, offset by the repayment of loans payable — related party of $0.8 million. Net cash provided by financing activities for the year ended December 31, 2023 was approximately $2.4 million, mainly attributable to the proceeds from loans payable — related party of approximately $2.9 million, and the proceeds from loans payable of approximately $0.6 million, and offset by the repayments of loans payable — related party of approximately $1.1 million, and the repayments of loan payable of approximately $0.1 million. Recent Financings — Related Party Loans Loan Payable — related party, limited liability company In March 2020, the Company entered into a promissory note with a related party limited liability company controlled by the Company’s ultimate major shareholder, with proceeds to the Company of $1,205,951 and an interest rate of zero percent and to be due on