Company: GDSTR
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001213900-25-014248
Chunk: 142

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-02-14
Form: 10-Q
Item: Item 2
Chunk 142
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 31, 2024, there
was $1,275,758 of cash used in operating activities resulting from interest income earned on investment held in Trust Account amounting
to $1,137,036, and non-cash deferred tax benefit of $36,551, increase in prepaid income taxes of $192,613, decrease in income tax payable
of $358,882, and offset by net income of $99,459, decrease in prepaid expenses of $58,250, increase in accrued expenses of $251,320, and
increase in franchise tax payable of $40,295.

For the nine months ended December 31, 2023, there
was $715,755 of cash used in operating activities resulting from interest income earned on investment held in Trust Account amounting
to $2,223,710, and offset by net income of $904,790, non-cash deferred tax expense of $2,704, decrease in prepaid expenses of $52,500,
increase in accrued expenses of $374,681, increase in due to related parties of $155,000, increase in income tax payable of $13,135, and
increase in franchise tax payable of $5,145.

For the nine months ended December 31, 2024,
there was $38,332,714 of cash provided by investing activities resulting from the withdrawal of an investment held in the Trust
Account for payment to redeeming stockholders of $38,044,345, the withdrawal of an investment held in the Trust Account amounting to
$838,369, offset by the purchase of investment held in Trust Account amounting to $550,000.

For the nine months ended December 31, 2023, there
was $7,720,910 of cash provided by investing activities resulting from the withdrawal of an investment held in the Trust Account for payment
to redeeming stockholders of $8,157,801, the withdrawal of an investment held in the Trust Account amounting to $538,109, offset by the
purchase of investment held in Trust Account amounting to $975,000.

For the nine months ended December 31, 2024, there
was $37,079,345 of cash used in financing activities resulting from the redemption of common stock of $38,044,345 and repayments of working
capital loans from our Sponsor amounting to $230,000, offset by the proceeds from working capital and extension loans from our Sponsor
amount