Company: GDSTR
Filing Date: 2025-06-20
Form Type: S-4/A
Source: 0001213900-25-055744
Chunk: 385

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-06-20
Form: S-4/A
Chunk 385
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 interest rate of zero percent. In April and May 2024, the Company entered into two short -termpromissory notes for $500,000 each with lender C, with proceeds to the Company of $1,000,000 and an interest rate of zero percent. In October 2024, the Company repaid the short -termpromissory notes in the amount of $500,000. As of December 31, 2024, the balances of the current and noncurrent related party loans were $500,000 and $300,000, respectively. In June 2024, the Company entered into a short -termpromissory note with a related party, lender D, with proceeds to the Company of $500,000 and an interest rate of zero percent. As of December 31, 2024, the balance of the current related party loan was $500,000. In August 2024, the Company entered into a long -termpromissory note with a related party, lender E, with proceeds to the Company of $1,000,000 and an interest rate of zero percent; as of December 31, 2024, the balance of the noncurrent related party loan was $1,000,000.

F-62

INFINTIUM FUEL CELL SYSTEMS, INC.
NOTES TO FINANCIAL STATEMENTS NOTE 12 — REVENUE Revenue is accounted for in accordance with ASC 606. Revenue is recognized as control of goods and/or services are transferred to customers in an amount that reflects the consideration an entity expects to receive in exchange for the goods and/or services; see Note 2 for additional information. Disaggregated Revenue Information The following table disaggregates revenue by significant revenue stream as follows:

|                                 |     |   |      For the 
   Year Ended 
 December 31, 
         2024 |   |     |   |      For the 
   Year Ended 
 December 31, 
         2023 |   |
|:--------------------------------|:----|:--|-------------:|:--|:----|:--|-------------:|:--|
| Product sales                   |     | $ |    4,274,639 |   |     | $ |    2,724,818 |   |
| Warranty revenue                |     |   |      587,091 |   |     |   |       36,760 |   |
| Component parts sales