Company: GDSTR
Filing Date: 2025-07-18
Form Type: S-4/A
Source: 0001213900-25-065671
Chunk: 391

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-07-18
Form: S-4/A
Chunk 391
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 (or partially unsatisfied) was approximately $4,813,630; the Company expects to recognize revenue on these remaining performance obligations over the next sixty months. The performance obligations primarily reflect the sale of extended service protection plans related to previously sold equipment; the Company has applied the practical expedient described in ASC 606 -10-50-14and has not included remaining performance obligations related to contracts with original expected durations of one year or less. NOTE 13 — LEASES On November 1, 2021, the Company entered into a 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. The Company mutually agreed to terminate this lease early with its landlord in January 2025. There was no penalties and additional interest charges associated with this early termination. In October 2024, the Company entered into a lease agreement with a lessor for a term of one hundred twenty -sixmonths for the rental of a building that is approximately 80,000 square feet located in Greenville, South Carolina, where the Company may install a hydrogen supply system for consumption by products and testing. The lease was classified as an operating lease and has a monthly base rent of approximately $34,000, 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.

F-63

INFINTIUM FUEL CELL SYSTEMS, INC.
NOTES TO FINANCIAL STATEMENTS NOTE 13 — LEASES (cont.) See below for lease information for the years ending December 31:

| Operating Leases                                       |     | 2024 |           |   |     | 2023 |         |   |
|:-------------------------------------------------------|:----|:-----|----------:|:--|:----|:-----|--------:|:--|
| Operating lease right-of-use assets                    |     | $    | 3,165,797 |   |     | $    | 238,916 |   |
| Current liabilities – lease liability, current         |     | $    |   113,954 |   |     | $    |  78