Company: GDSTR
Filing Date: 2025-08-20
Form Type: 10-Q
Source: 0001213900-25-078650
Chunk: 110

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-08-20
Form: 10-Q
Item: Item 8
Chunk 110
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 payments for
the year ending March 31, 2025 based on the actual year ending March 31, 2024 federal income taxes payments during the year ended March
31, 2025. The Company is expected to receive the refunds of the prepaid income taxes balance of $287,911 once the Internal Revenue Service
completes its review of the Company’s fiscal year ended March 31, 2025 federal income tax return filed in June 2025. The Company
will deposit this balance back to the Trust Account as soon as the Company will receive the tax refunds from the Internal Revenue Service
and to distribute the $207,991 to the redeeming shareholders tendered for redemption in June 2025.

NOTE 10 — SEGEMNT INFORMATION

ASC Topic 280, “Segment Reporting,” establishes standards
for companies to report in their financial statements   information about operating segments, products, services, geographic
areas, and major customers. Operating segments are defined as components of an enterprise for which separate financial information
is available that is regularly evaluated by the Company’s chief operating decision maker, or group, in deciding how to allocate
resources and assess performance. The Company has adopted the guidance in ASU 2023-07, Segment Reporting (Topic 280): Improvements to
Reportable Segment Disclosures, in the accompanying unaudited condensed consolidated   financial statements using the retrospective
method of adoption.

The Company’s chief operating decision maker
has been identified as the Chief Executive Officer (“CODM”), who reviews the operating results for the Company as a whole
to make decisions about allocating resources and assessing financial performance. Accordingly, management has determined that the Company
only has one operating and reportable segment.

23

When evaluating the Company’s performance
and making key decisions regarding resource allocation the CODM reviews several key metrics, which include the following:

    For the  Three Months Ended June 30, 2025  
    For the Three Months Ended June 30, 2024 
  
    Professional service fee in connection with the Business Combination 
    $(53,850) 
    $(210,000)
  
    Other formation and operating costs 
     (325,973) 
     (305,363)
  
    Franchise tax expenses 
     (12,600) 
     (12,300)
  
    Interest earned on investment held in Trust Account 
     194,873  
     693,260 
  
    Income