Company: GDSTR
Filing Date: 2025-01-30
Form Type: S-4
Source: 0001213900-25-008051
Chunk: 222

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-01-30
Form: S-4
Chunk 222
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 five -yearagreement with a lessor for the rental of a building located at 3271 Brushy Creek, Greer, SC 29650, where the Company manufactures its goods; the lease was classified as an operating lease and has a monthly base rent of approximately $7,500, with a base rent increase of approximately three percent each year. In accordance with ASC 842 —Leases, the Company recognized an ROU asset and a lease liability on the balance sheet for long -termoffice leases on January 1, 2022. The Company has reached an agreement with the landlord to terminate this lease at the end of January 2025. On November1, 2024, the Company entered into a one hundred- and twenty -six-monthlease for the rental of premises in a building located at 6997 Pelham Road, Suite A, Greenville, SC 29615 with approximately 78,913 rentable square feet. The Company will manufacture its goods from this new building. There is a 6 -monthrent abatement period, and thereafter, the base rent is $5.15 per square foot, with a base rent increase of approximately three percent each year. The Company has reached an agreement with the landlord to terminate this lease at the end of January 2025. On November1, 2024, the Company entered into a one hundred- and twenty -six-monthlease for the rental of premises in a building located at 6997 Pelham Road, Suite A, Greenville, SC 29615 with approximately 78,913 rentable square feet. The Company will manufacture its goods from this new building. There is a 6 -monthrent abatement period, and thereafter, the base rent is $5.15 per square foot, with a base rent increase of approximately three percent each year. In accordance with ASC 842, Leases, the Company recognized an ROU asset and corresponding lease liability on the balance sheet for long -termoffice leases. Fair Value Measurement We measure the fair value of financial assets and liabilities based on the guidance of ASC 820 “Fair Value Measurements” (“ASC 820”), which defines fair value, establishes a framework for measuring fair value, and expands disclosures about fair value measurements. ASC 820 defines fair value as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC