Company: GDSTR
Filing Date: 2025-05-14
Form Type: S-4/A
Source: 0001213900-25-043297
Chunk: 381

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-05-14
Form: S-4/A
Chunk 381
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 customer in January 2025 and does not have any other variable considerations. For the year ended December 31, 2023, the Company does not have any variable considerations. The Company recognizes revenue related to extended service protection plans on finished power cell units ratably over the term of the agreement, which is typically a 5 -yearservice period starting upon the installation date at the customer’s site. The company will provide services that are covered under the agreement for the entire duration of the contract with no additional costs to the customer beyond the contract price; payments are generally received upfront and recorded as deferred revenue and amortized over the term of the agreement. The Company’s customers are allowed to return the products within a reasonable period of time, generally 30 days or less, after delivery of the product(s). Its customer a) may retain any or all of such goods for correction by the Company, b) return any or all of such goods with or without instruction for correction or replacement, or c) procure replacement goods from a third party and require the Company to reimburse its customers for its associated costs and expenses. Historically, sales returns and warranty expenses in connection with its assurance -typewarranties are insignificant to the Company’s statements of operations. F-58 INFINTIUM FUEL CELL SYSTEMS, INC.
NOTES TO FINANCIAL STATEMENTS NOTE 2 — BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (cont.) Furthermore, the manufactured product sales normally include assurance -typewarranties that the Company’s performance is free from material defect and consistent with the specifications of the Company’s contract, which do not give rise to a separate performance obligation. To the extent the warranty terms provide the customer with an additional service, such as extended service protection plan, such warranty is accounted for as a separate performance obligation even though it is embedded in the sales contract, which is generally 5 -yearservice period after installation. Revenue generated from the manufactured product sales and the extended service protection plan are not clearly observable in the sale contract with these two performance obligations. As such, the Company used the residual approach to determine the standalone selling price of the manufactured product revenue and the extended service protection plan revenue. Cost of Revenues Cost of revenues mainly consists of costs for purchases of products, related inbound freight and delivery fees, indirect costs such as overhead and burden, and direct labor. Selling, General and Administrative Expenses Selling, general and administrative expenses consist of compensation, employee benefits and stock -basedcompensation of