Company: GDSTR
Filing Date: 2025-08-05
Form Type: S-4/A
Source: 0001213900-25-071731
Chunk: 357

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-08-05
Form: S-4/A
Chunk 357
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 other investments that are highly liquid with original maturities of three months or less when purchased. As of March 31, 2025 and December 31, 2024, the Company had no cash equivalents. F-32

INFINTIUM FUEL CELL SYSTEMS, INC.
NOTES TO FINANCIAL STATEMENTS
(Unaudited) NOTE 2 — BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (cont.) The Company may maintain bank balances in excess of $250,000, which is currently the maximum amount insured by the Federal Deposit Insurance Corporation (“FDIC”) for interest bearing accounts. The Company has not experienced any losses with respect to cash. Management believes the Company is not exposed to any significant credit risk with respect to its cash. The amount in excess of the FDIC insurance was approximately $2.1 million and $5.8 million as of March 31, 2025 and December 31, 2024, respectively. Accounts Receivable Accounts receivable is stated at the net amount expected to be collected. All customers are granted credit on a short -termbasis and related credit risks are considered minimal. The Company evaluates accounts receivable regularly based on historical collection patterns and general economic conditions. Outstanding balances are reviewed quarterly or more frequently if circumstances warrant, such as significant changes in the aging of receivables or a customer’s financial condition. Write -offsare recorded when a receivable is deemed uncollectible and collection efforts have been exhausted. As of March 31, 2025 and December 31, 2024, the Company determined that an allowance for expected credit losses was not necessary based on historical collection trends and customer credit evaluations and the balance was $0. Inventory, net Finished goods, work -in-process, and raw materials inventories are valued at the lower of cost or net realizable value, as determined by the moving average unit cost method. Manufacturing and maintenance supplies are held for resale or consumed in production. These supplies are valued at the lower of cost or market; inventory costs include material, labor, and manufacturing overhead. The need for a provision for estimated losses from obsolete, excess or slow -movinginventories is reviewed periodically. Prepaid Expenses and Other Current Assets Prepaid expenses and other current assets consist of prepayments to service providers, prepayments to vendors, and security deposits for business combination. Contract Assets Contract assets represent the warrant fair value associated with the vested Warrants Shares (as defined in Note 14)