Company: GDSTR
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001213900-25-014248
Chunk: 0

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-02-14
Form: 10-Q
Item: Item 1
Chunk 0
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ITEM 1. Unaudited Condensed Financial Statements 

GOLDENSTONE ACQUISITION LIMITED

CONDENSED CONSOLIDATED BALANCE SHEETS

(Unaudited) 

    December 31,  
    March 31, 

    2024  
    2024 
  
    ASSETS 

    Current assets: 

    Cash 
    $8,434  
    $30,823 
  
    Prepaid expenses 
     2,500  
     60,750 
  
    Prepaid income taxes 
     192,613  
     - 
  
    Total current assets 
     203,547  
     91,573 

    Dividend receivable 
     69,021  
     243,073 
  
    Cash and Investments held in Trust Account 
     18,473,627  
     55,495,253 
  
    TOTAL ASSETS 
    $18,746,195  
    $55,829,899 

    LIABILITIES, TEMPORARY EQUITY, AND STOCKHOLDERS’ DEFICIT 

    Current liabilities: 

    Accrued expenses 
    $744,146  
    $492,826 
  
    Working capital and extension loans - related party 
     2,756,000  
     1,791,000 
  
    Due to related parties 
     25,000  
     25,000 
  
    Business combination deposits 
     200,000  
     200,000 
  
    Income tax payable 
     -  
     358,882 
  
    Franchise tax payable 
     52,595  
     12,300 
  
    Excise tax payable 
     462,021  
     81,578 
  
    Total current liabilities 
     4,239,762  
     2,961,586 

    Deferred tax liability 
     14,494  
     51,045 
  
    Deferred underwriting discounts and commissions 
     2,012,500  
     2,012,500 
  
    TOTAL LIABILITIES 
     6,266,756  
     5,025,131 

    Commitments and contingencies 

    Common stock subject to possible redemption, 1,595,871 and 4,991