Company: GDSTR
Filing Date: 2025-06-20
Form Type: S-4/A
Source: 0001213900-25-055744
Chunk: 243

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-06-20
Form: S-4/A
Chunk 243
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.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 generally prepaid our 5 -yearoptional extended protection plan in advance for future warranty revenue recognition, (vi) a decrease of approximately $0.7 million in accounts receivable resulted from our better collection efforts, and (vii) approximately $0.3 million of non -cashoperating activities, which include stock -basedcompensation, depreciation and amortization expense, amortization of right -of-useasset, and inventory obsolescence provision. Net cash provided by operating activities for the year ended December 31, 2024 was approximately $3.3 million of cash resulting from (i) an increase of approximately $3.7 million in deferred service revenue liability as our customers generally prepaid our 5 -yearoptional extended service protection plan in advance for future warranty revenue recognition; (ii) an increase of approximately $5.0 million in accrued expenses and other current liabilities as a result of increased sales tax payable and customers down payment; (iii) approximately $1.5 million of non -cashoperating activities, which include stock -basedcompensation, depreciation and amortization expense, inventory obsolescence provision, and amortization of right -of-useasset, (iv) a decrease of approximately $0.4 million in accounts receivable resulted from better collection efforts (v