Company: GDSTR
Filing Date: 2025-07-18
Form Type: S-4/A
Source: 0001213900-25-065671
Chunk: 244

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-07-18
Form: S-4/A
Chunk 244
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 58,646 |     | (28,674  | ) |     | (48.9      | ) |
| Total Operating Expenses            |     |                            1,577,460 |     | 1,937,442 |     | (359,982 | ) |     | (18.6      | ) |

Selling, General and Administrative Selling, general and administrative expenses for the three months ended March 31, 2025 decreased by 13.8% to approximately $1.4 million as compared to approximately $1.7 million for the three months ended March 31, 2024. The decrease is mainly due to lower professional expense and consulting fees of approximately $0.4 million as the majority of expenses related to the Company’s public listing were incurred in 2024. Additionally, the decrease was offset by higher salary and benefits expenses of approximately $0.2 million as we expanded our workforce to support our growth strategy. Research and Development Research and development expenses for the three months ended March 31, 2025 decreased by 47.6% to approximately $112,000 as compared to approximately $214,000 for the three months ended March 31, 2024. The decrease was mainly due to reduced spending in research and development activities for product demos. Depreciation and amortization Depreciation and amortization expenses for the three months ended March 31, 2025 decreased by 49.0% to approximately $30,000 as compared to approximately $59,000 for the three months ended March 31, 2024. The decrease was primarily due to some of our equipment had reached the end of its estimated useful life span and were fully depreciated in 2024 with less depreciation incurred in the three months ended March 31, 2025. Other Expense, net Other expense, net, primarily consists of interest expense and other income (expense), net. Other expense, net for the three months ended March 31, 2025 was approximately $1,000 as compared to other expense of approximately $8,000 for the three months ended March 31, 2024. The decrease was mainly driven by a reduction in interest expense of approximately $8,000. Additionally, the decrease was caused by a decrease in other income of approximately $1,000, which resulted from no credit card reward redemptions in the three months ended March 31, 2025. Provision for Income Taxes We did not incur income tax expense for