Company: GDSTR
Filing Date: 2025-01-30
Form Type: S-4
Source: 0001213900-25-008051
Chunk: 388

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-01-30
Form: S-4
Chunk 388
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   |        22,874 |   |     |   |       22,874 |   |
| Total property and equipment      |     |   |     1,167,747 |   |     |   |    1,123,704 |   |
| Less: Accumulated depreciation    |     |   |      (800,864 | ) |     |   |     (622,757 | ) |
| Total property and equipment, net |     | $ |       366,883 |   |     | $ |      500,947 |   |

The depreciation and amortization expenses for nine months ended September 30, 2024 and 2023 are $181,246 and $157,186, respectively

F-81

INFINTIUM FUEL CELL SYSTEMS, INC.
NOTES TO FINANCIAL STATEMENTS
(Unaudited) NOTE 7 — ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES The Company’s accrued expenses and other current liabilities included the following:

|                                                      |     |   | September 30, 
          2024 |     |   | December 31, 
         2023 |
|:-----------------------------------------------------|:----|:--|--------------:|:----|:--|-------------:|
| Customer down payments                               |     | $ |     4,562,916 |     | $ |            — |
| Other accruals                                       |     |   |       642,702 |     |   |      153,449 |
| Total accrued expenses and other current liabilities |     | $ |     5,205,618 |     | $ |      153,449 |

NOTE 8 — DEFERRED SERVICE REVENUE LIABILITY The Company’s deferred service revenue included the following:

|                                     |     |   | September 30, 
          2024 |     |   | December 31, 
         2023 |
|:------------------------------------|:----|:--|--------------:|:----|:--|-------------:|
| Deferred service revenue liability: |     |   |               |     |   |              |
| Current                             |     | $ |       875,407 |     | $ |      228,109 |
| Non-current                         |     |   |     3,116,947 |     |   |      878,477 |
| Total                               |     | $ |     3,992,354 |