Company: GDSTR
Filing Date: 2025-07-18
Form Type: S-4/A
Source: 0001213900-25-065671
Chunk: 245

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-07-18
Form: S-4/A
Chunk 245
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 the three months ended March 31, 2025 and 2024 as we had operating losses. Net Loss We incurred a net loss of approximately $1.6 million for the three months ended March 31, 2025, as compared to a net loss of approximately $2.1 million for the three months ended March 31, 2024. This change was the result of the combination of the changes as discussed above.

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For the Year Ended December 31, 2024 compared to December 31, 2023 Results of Operations The following table presents certain combined statement of operations information and presentation of that data as a percentage of change from year to year.

|                                     |     | For the Year Ended December 31, 
                            2024 |   |     |       2023 |   |     |     Change |   |     | Percentage 
     Change |   |
|:------------------------------------|:----|--------------------------------:|:--|:----|-----------:|:--|:----|-----------:|:--|:----|-----------:|:--|
|                                     |     |                             US$ |   |     |        US$ |   |     |        US$ |   |     |          % |   |
| Revenues                            |     |                       5,055,110 |   |     |  2,803,215 |   |     |  2,251,895 |   |     |       80.3 |   |
| Cost of revenue                     |     |                       5,139,308 |   |     |  3,264,888 |   |     |  1,874,420 |   |     |       57.4 |   |
| Gross loss                          |     |                         (84,198 | ) |     |   (461,673 | ) |     |    377,475 |   |     |      (81.8 | ) |
| Selling, general and administrative |     |                       6,633,652 |   |     |  4,122,472 |   |     |  2,511,180 |   |     |       60.9 |   |
| Research and development            |     |                         616,397 |   |     |     97,428 |   |     |    378,280 |   |     |      532.7 |   |
| Depreciation and