Company: GDSTR
Filing Date: 2025-08-05
Form Type: S-4/A
Source: 0001213900-25-071731
Chunk: 370

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-08-05
Form: S-4/A
Chunk 370
---
 |            — |     | $ |      136,451 |
| Warranty revenue      |     |   |      254,440 |     |   |       94,364 |
| Component parts sales |     |   |      109,731 |     |   |       23,823 |
| Total revenue         |     | $ |      364,171 |     | $ |      254,638 |

Contract Assets and Liabilities Contract assets and liabilities result from differences in timing of revenue recognition and customer invoicing; contract assets primarily relate to the sale of a good or service for which revenue is recognized over time. Contract liabilities typically include advance payments or rights to consideration prior to performance under a contract. As of March 31, 2025, the Company had current and noncurrent deferred revenue liability recorded in the amounts of $1,091,227 and $3,449,596, respectively, as well as customer down payments (See Note 8 — Accrued expenses and other current liabilities) recorded in the amount of $3,661,821. As of December 31, 2024, the Company had current and noncurrent deferred revenue liability recorded in the amounts of $1,091,227 and $3,722,403, respectively, as well as customer down payments recorded in the amount of $3,661,821.

F-41

INFINTIUM FUEL CELL SYSTEMS, INC.
NOTES TO FINANCIAL STATEMENTS
(Unaudited) NOTE 11 — REVENUE (cont.) Remaining Performance Obligations As of March 31, 2025, the estimated revenue expected to be recognized in the future related to performance obligations that are unsatisfied (or partially unsatisfied) was approximately $4,540,822; the Company expects to recognize revenue on these remaining performance obligations over the next sixty months. The performance obligations primarily reflect the sale of extended service protection plans related to previously sold equipment; the Company has applied the practical expedient described in ASC 606 -10-50-14and has not included remaining performance obligations related to contracts with original expected durations of one year or less. NOTE 12 — LEASES On November 1, 2021, the Company entered into a five -yearagreement with a lessor for the rental of a building located at 3271 Brushy Creek, Greer, SC 29650, where the Company manufactures its goods. The lease was classified as an operating lease and has