Company: GDSTR
Filing Date: 2025-06-20
Form Type: S-4/A
Source: 0001213900-25-055744
Chunk: 360

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-06-20
Form: S-4/A
Chunk 360
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 from the date of issuance of these unaudited condensed financial statements, which assumes the realization of assets and the satisfaction of liabilities in the normal course of business. As of March 31, 2025, the Company has an accumulated deficit of $37,006,002 and has experienced losses from continuing operations. Based on the Company’s cash balance as of March 31, 2025 and projected cash needs for the twelve months following the issuance of these unaudited condensed financial statements, management estimates that it will need to rely upon ownership contributions from stockholders, officers and directors, or their affiliates, as well as successful capital raises through equity and debt financings to cover operating and capital requirements. Although management has been successful to date in raising necessary funding and obtaining financing through investors, there can be no assurance that any required future financing can be successfully completed on a timely basis, on terms acceptable to the Company, or at all. Based on these circumstances, management has determined that these conditions raise substantial doubt about the Company’s ability to continue as a going concern for the twelve months following the issuance of these unaudited condensed financial statements. Accordingly, the accompanying unaudited condensed financial statements have been prepared in conformity with U.S. GAAP, which contemplates continuation of the Company as a going concern and the realization of assets and the satisfaction of liabilities in the normal course of business. The unaudited condensed financial statements do not include any adjustments that might result from the outcome of this uncertainty. NOTE 4 — ACCOUNTS RECEIVABLE The Company’s accounts receivable included the following:

|                                   |     |   | March 31, 
      2025 |     |   | December 31, 
         2024 |
|:----------------------------------|:----|:--|----------:|:----|:--|-------------:|
| Accounts receivable               |     | $ |    46,072 |     | $ |      606,517 |
| Less: allowance for credit losses |     |   |         — |     |   |            — |
| Total accounts receivable         |     | $ |    46,072 |     | $ |      606,517 |

F-38

INFINTIUM FUEL CELL SYSTEMS, INC.
NOTES TO FINANCIAL STATEMENTS
(Unaudited) NOTE 5 — INVENTORY, NET The Company’s inventory, net included the following:

|                                                      |     |   | March 31, 
      2025