Company: GDSTR
Filing Date: 2025-07-18
Form Type: S-4/A
Source: 0001213900-25-065671
Chunk: 386

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-07-18
Form: S-4/A
Chunk 386
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 current liabilities included the following:

|                                                      |     | December 31, 
 2024         |           |     | December 31, 
 2023         |         |
|:-----------------------------------------------------|:----|:-------------|----------:|:----|:-------------|--------:|
| Customer down payments(1)                            |     | $            | 3,661,821 |     | $            |       — |
| Tax payable                                          |     |              |   801,113 |     |              |       — |
| Consideration payable to a customer(2)               |     |              |   440,624 |     |              |       — |
| Accrued expenses                                     |     |              |   331,830 |     |              | 140,111 |
| Payroll liabilities                                  |     |              |    43,911 |     |              | 117,401 |
| Total accrued expenses and other current liabilities |     | $            | 5,279,299 |     | $            | 257,512 |

____________ (1)The Company’s customer has subsequently canceled the purchase order after deposits payment were made. The Company is in the process of negotiating a new purchase order with the customer and to convert these down payments into a new order. (2)This consideration payable is in connection with the Warrant issued to a customer in January 2025 (See Note 20). NOTE 9 — DEFERRED SERVICE REVENUE LIABILITY The Company’s deferred service revenue included the following:

|                                     |     |   | December 31, 
         2024 |     |   | December 31, 
         2023 |
|:------------------------------------|:----|:--|-------------:|:----|:--|-------------:|
| Deferred service revenue liability: |     |   |              |     |   |              |
| Current                             |     | $ |    1,091,227 |     | $ |      228,109 |
| Non-current                         |     |   |    3,722,403 |     |   |      878,477 |
| Total                               |     | $ |    4,813,630 |     | $ |    1,106,586 |

F-60

INFINTIUM FUEL CELL SYSTEMS, INC.
NOTES TO FINANCIAL STATEMENTS NOTE 10 — LOANS PAYABLE The Company’s loans payable, current and