Company: GDSTR
Filing Date: 2025-01-30
Form Type: S-4
Source: 0001213900-25-008051
Chunk: 393

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-01-30
Form: S-4
Chunk 393
---
 Contract liabilities typically include advance payments or rights to consideration prior to performance under a contract. As of September 30, 2024, the Company had current and noncurrent deferred revenue liability recorded in the amounts of $875,407 and $3,116,947, respectively, as well as customer down payments (current liabilities) recorded in the amount of $4,562,916. For the nine months ended September 30, 2023, the Company had current and noncurrent deferred revenue liability recorded in the amounts of $61,000 and $218,112, respectively, as well as customer down payments recorded in the amount of $901,328. Remaining Performance Obligations As of September 30, 2024, the estimated revenue expected to be recognized in the future related to performance obligations that are unsatisfied (or partially unsatisfied) was approximately $3,992,354; the Company expects to recognize revenue on these remaining performance obligations over the next sixty months. The performance obligations primarily reflect the sale of extended service protection plans related to previously sold equipment; the Company has applied the practical expedient described in ASC 606 -10-50-14and has not included remaining performance obligations related to contracts with original expected durations of one year or less. NOTE 13 — LEASES See below for lease information for the following periods:

|                                                        |     | As of and for 
 Nine Months   
 Ended         
 September 30, 
 2024          
 (Unaudited)   |         |
|:-------------------------------------------------------|:----|:--------------|--------:|
| Operating Leases                                       |     |               |         |
| Operating lease right-of-use assets                    |     | $             | 180,794 |
| Current liabilities – lease liability, current         |     | $             |  85,038 |
| Non-current liabilities – lease liability, non-current |     |               | 102,717 |
| Total operating lease liabilities                      |     | $             | 187,755 |

F-84

INFINTIUM FUEL CELL SYSTEMS, INC.
NOTES TO FINANCIAL STATEMENTS
(Unaudited) NOTE 13 — LEASES (cont.)

|                                     |     | As of and for 
 Nine Months   
 Ended         
 September 30, 
 2024          
 (Unaudited)   |        |   |
|:------------------------------------|:----|:--------------|-------:|:--|
| Finance Leases                      |     |               |        |