Company: GDSTR
Filing Date: 2025-01-30
Form Type: S-4
Source: 0001213900-25-008051
Chunk: 212

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-01-30
Form: S-4
Chunk 212
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3 compared to December 31, 2022 At December 31, 2023, we had cash on hand of $876,407 and a working capital of $2,449,756, compared to cash on hand of $545,682 and working capital of $4,381,187 at December 31, 2022. The change in liquidity is attributable to cash used in operating activities of $2,109,437, offset by cash provided by investing activities of $47,225 and cash provided by financing activities of $2,392,937. The following table summarizes our working capital at December 31, 2023 and 2022:

|                            |     |   | December 31, 
         2023 |     |   | December 31, 
         2022 |
|:---------------------------|:----|:--|-------------:|:----|:--|-------------:|
| Current assets             |     | $ |    4,313,417 |     | $ |    5,084,349 |
| Current liabilities        |     |   |    1,863,661 |     |   |      703,162 |
| Working capital deficiency |     | $ |    2,449,756 |     | $ |    4,381,187 |

September 30, 2024 compared to December 31, 2023 At September 30, 2024, we had cash on hand of $6,727,215 and a working capital of $2,454,182, compared to cash on hand of $876,407 and working capital of $2,449,757 at December 31, 2023. The change in liquidity is attributable to cash provided by operating activities of $3,395,371 and cash provided by financing activities of $2,500,000, offset by cash used in investing activities of $44,563. The following table summarizes our working capital at September 30, 2024 and December 31, 2023:

|                            |     |   | September 30, 
          2024 |     |   | December 31, 
         2023 |
|:---------------------------|:----|:--|--------------:|:----|:--|-------------:|
| Current assets             |     | $ |    10,902,058 |     | $ |    4,313,417 |
| Current liabilities        |