Company: GDSTR
Filing Date: 2025-06-16
Form Type: 10-K
Source: 0001213900-25-054825
Chunk: 1850

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-06-16
Form: 10-K
Item: Item 16
Chunk 1850
---
    $-  
    $(6,518,440) 
    $(6,518,255)

The
accompanying notes are an integral part of these consolidated financial statements.

F-5

GOLDENSTONE
ACQUISITION LIMITED

CONSOLIDATED
STATEMENTS OF CASH FLOWS

    For the  
    For the 

    Year Ended  
    Year Ended 

    March
    31, 2025  
    March
    31, 2024 

    Cash
    Flows from Operating Activities: 

    Net
    income 
    $109,366  
    $1,596,567 
  
    Adjustments
    to reconcile net income to net cash used in operating activities: 

    Income
    from business combination deposits forfeited by the former target company 
     -  
     (125,000)
  
    Interest
    earned on investments held in Trust Account 
     (1,330,551) 
     (2,934,879)
  
    Deferred
    tax (benefit) provision 
     (37,152) 
     2,975 
  
    Change
    in operating assets and liabilities: 

    Prepaid
    expenses 
     58,250  
     (8,250)
  
    Prepaid
    income taxes 
     (287,911) 
     - 
  
    Prepaid
    franchise taxes 
     (26,165) 
     - 
  
    Accrued
    expenses 
     391,802  
     287,945 
  
    Income
    tax payable 
     (358,882) 
     105,456 
  
    Franchise
    tax payable 
     (12,300) 
     300 
  
    Net
    Cash Used in Operating Activities 
     (1,493,543) 
     (1,074,886)

    Cash
    Flows from Investing Activities: 

    Cash
    withdrawn from Trust Account for payment to redeeming stockholders 
     38,044,345  
     8,157,801 
  
    Purchase
    of investment held in Trust Account 
     (700,000) 
     (1,275,000)
  
    Withdrawal
    of investment held in Trust Account to pay taxes