Company: GDSTR
Filing Date: 2025-07-18
Form Type: S-4/A
Source: 0001213900-25-065671
Chunk: 250

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-07-18
Form: S-4/A
Chunk 250
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,370 | ) |     |     47,225 |   |
| Net cash provided by financing activities           |     |           2,000,000 |   |     |  2,392,937 |   |
| Net change in cash and cash equivalents             |     |           5,150,422 |   |     |    330,725 |   |

Cash Flows from Operating Activities Net cash used in operating activities for the three months ended March 31, 2025 was approximately $3.0 million of cash resulting from (i) a net loss of approximately $1.6 million, (ii) an increase of approximately $0.8 million in prepaid expenses and other current assets resulted from more prepayments to our vendors for securing our inventory purchase, (iii) an decrease of approximately $0.5 million in accrued expenses and other current liabilities mainly as a result of payment of sales tax payable and payment of professional fees (iv) an increase of approximately $1.5 million in inventory a result from increased raw materials to prepare for our sales, (v) a decrease of approximately $0.2 million in deferred service revenue liability as warranty obligations related to prior sales were fulfilled which was offset by (vi) a decrease of approximately $0.6 million in accounts receivable primarily resulted from our better collection efforts, (vii) an increase of approximately $0.6 million in accounts payable as we were behind on payments for a few of our vendors, and (viii) approximately $0.3 million of non -cashoperating activities, which include stock -basedcompensation, amortization of right of use asset, and depreciation and amortization expense. Net cash used in operating activities for the three months ended March 31, 2024 was approximately $12,000 resulting from (i) a net loss of approximately $2.1 million, (ii) an decrease of approximately $0.3 million in accounts payable primarily due to the payment of vendor invoices, (iii) an increase of approximately $0.2 million in prepaid expenses and other current assets mainly caused by the prepayment related to the SPAC transactions of $0.2 million which was offset by (iv) an increase of approximately $0.8 million in accrued expense and other current liabilities primarily due to the increased down payment by customers and the increased professional fees related to the going public process, (v) an increase of approximately $0.8 million in deferred service revenue liability as our customers