Company: GDSTR
Filing Date: 2025-05-14
Form Type: S-4/A
Source: 0001213900-25-043297
Chunk: 239

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-05-14
Form: S-4/A
Chunk 239
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 and amortization expense, inventory obsolescence recovery, and amortization of right -of-useasset. Cash Flows from Investing Activities Net cash used in investing activities for the year ended December 31, 2024 was approximately $0.2 million, primarily driven by purchases of property and equipment. Net cash provided by investing activities for the year ended December 31, 2023 was approximately $47,000, primarily resulting from the proceeds from the sale of property and equipment of $60,000, offset by the purchase of property and equipment for approximately $13,000. Cash Flows from Financing Activities Net cash provided by financing activities for the year ended December 31, 2024 was $2.0 million, primarily resulting from proceeds from loan payable — related party of $2.8 million, offset by the repayment of loans payable — related party of $0.8 million.

129 Net cash provided by financing activities for the year ended December 31, 2023 was approximately $2.4 million, mainly attributable to the proceeds from loans payable — related party of approximately $2.9 million, and the proceeds from loans payable of approximately $0.6 million, and offset by the repayments of loans payable — related party of approximately $1.1 million, and the repayments of loan payable of approximately $0.1 million. Recent Financings — Related Party Loans Loan Payable — related party, limited liability company In March 2020, the Company entered into a promissory note with a related party limited liability company controlled by the Company’s ultimate major shareholder, with proceeds to the Company of $1,205,951 and an interest rate of zero percent. As of December 31, 2024 and 2023, the balance of the noncurrent related party loan payable is $1,205,951 and $1,205,951 as of both dates. Loan payable — related party, shareholders In February 2023, the Company entered into a promissory note with a related party entity, shareholder A, with proceeds to the Company of $200,000 and an interest rate of zero percent. As of December 31, 2024 and 2023, the balance of the noncurrent related party loan payable is $0 and $200,000, respectively and the balance of the current related party loan payable is $200,000 and $0, respectively. Loan payable — related party lenders In August 2023, the Company entered into a short -ter