Company: GDSTR
Filing Date: 2025-01-30
Form Type: S-4
Source: 0001213900-25-008051
Chunk: 392

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-01-30
Form: S-4
Chunk 392
---
. NOTE 11 — SUPPLEMENTAL FINANCIAL INFORMATION Other expense, net, for the nine months ended September 30, 2024 and 2023 was $6,993 and $297,897, respectively; the amount for the nine months ended September30, 2024 includes other income of $5,670 and interest expense of $12,663 and the amount for the nine months ended September30, 2023 includes bad debt expense and interest expense of $267,204 and $32,185, respectively, as well as other income of $1,492.

F-83

INFINTIUM FUEL CELL SYSTEMS, INC.
NOTES TO FINANCIAL STATEMENTS
(Unaudited) 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:

|                                 |     |   |   Nine Months 
         Ended 
 September 30, 
          2024 
   (Unaudited) |   |     |   |   Nine Months 
         Ended 
 September 30, 
          2023 
   (Unaudited) |   |
|:--------------------------------|:----|:--|--------------:|:--|:----|:--|--------------:|:--|
| Product sales                   |     | $ |     3,355,826 |   |     | $ |       608,378 |   |
| Warranty revenue                |     |   |       345,592 |   |     |   |       134,340 |   |
| Service revenue                 |     |   |       100,768 |   |     |   |        49,720 |   |
| Other (including sales returns) |     |   |          (784 | ) |     |   |       (59,050 | ) |
| Total revenue                   |     | $ |     3,801,402 |   |     | $ |       733,388 |   |

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.