Company: GDSTR
Filing Date: 2025-08-20
Form Type: 10-Q
Source: 0001213900-25-078650
Chunk: 3

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-08-20
Form: 10-Q
Item: Item 1
Chunk 3
---
    Deficit  
    Deficit 
  
    Balance - March 31, 2024 
     1,846,250  
    $       185  
    $             -  
    $(4,622,035) 
    $(4,621,850)
  
    Accretion of subsequent measurement of common stock subject to redemption value 
     -  
     -  
     -  
     (785,092) 
     (785,092)
  
    Excise tax payable attributable to redemption of common stock 
     -  
     -  
     -  
     (380,443) 
     (380,443)
  
    Net income 
     -  
     -  
     -  
     22,595  
     22,595 
  
    Balance - June 30, 2024 
     1,846,250  
    $185  
    $-  
    $(5,764,975) 
    $(5,764,790)

The accompanying notes are an integral part of
these unaudited condensed consolidated financial statements.

3

GOLDENSTONE ACQUISITION LIMITED

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)

    For the  
    For the 

    Three Months 
Ended  
    Three Months 
Ended 

    June 30, 
2025  
    June 30, 
2024 

    Cash Flows from Operating Activities: 

    Net (loss) income 
    $(235,827) 
    $22,595 
  
    Adjustments to reconcile net (loss) income to net cash used in operating
    activities: 

    Interest earned on investment held in Trust Account 
     (194,873) 
     (693,260)
  
    Deferred tax benefit 
     (400) 
     (6,750)
  
    Change in operating assets and liabilities: 

    Prepaid expenses 
     2,500  
     20,250 
  
    Prepaid income taxes 
     38,677  
     - 
  
    Prepaid franchise taxes 
     12,600  
     - 
  
    Accrued expenses 
     191,855  
     295,446