Company: GDSTR
Filing Date: 2025-05-14
Form Type: S-4/A
Source: 0001213900-25-043297
Chunk: 383

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-05-14
Form: S-4/A
Chunk 383
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 a warranty reserve or liability on the balance sheet related to its known and potential exposure to warranty claims in the event its products fail to perform as expected, and in the event it may be required to participate in certain costs incurred by customers. The recorded warranty reserve balance involves judgment and estimates, and the Company’s reserve estimate would be based on an analysis of historical warranty data as well as current trends and information. As of December 31, 2024 and 2023, no warranty reserve is recorded. Net Loss per Share Basic net loss per common share is computed by dividing net loss by the weighted average number of common shares outstanding during the year. Diluted net loss per common share is computed by dividing net loss by the weighted average number of common shares outstanding, plus the number of additional common shares that would have been outstanding if the common share equivalents had been issued (computed using the treasury stock or if converted method), if dilutive. Dilutive potential common shares also consist of the average number of incremental shares of common shares issuable upon the exercise of the stock options and warrants. Potential common shares that have an anti -dilutiveeffect (i.e., those that increase income per share or decrease loss per share) are excluded from the calculation of diluted earnings/loss per shares. Litigation The Company accounts for litigation losses in accordance with ASC 450 — Contingencies(“ASC 450”). Under ASC 450, loss contingency provisions are recorded for probable losses at management’s best estimate of a loss, or when a best estimate cannot be made, a minimum loss contingency amount is recorded. Legal fees are recorded as incurred. Concentration of Risk and Guarantees The Company had two customers for the year ended December 31, 2024 that accounted for approximately 59% and 37% of its revenue. These same two customers represented approximately 91% and 3% of the Company’s accounts receivable as of December 31, 2024, respectively. For the year ended December 31, 2023, the Company had one customer that accounted for approximately 81% of its revenue, and approximately 60% of its accounts receivable as of December 31, 2023. Reclassification One item from other expense in the statements of operations of comparative period have been reclassified to operating expense to conform to the financial statements for the current period. The reclassification has no impact on the Company’s net loss or cash flows. Certain items from accounts payable in the balance sheets of comparative period have been re