Company: GDSTR
Filing Date: 2025-06-20
Form Type: S-4/A
Source: 0001213900-25-055744
Chunk: 354

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-06-20
Form: S-4/A
Chunk 354
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 in an amount that reflects the consideration an entity expects to receive in exchange for the goods and/or services. Contracts with Customers The Company’s revenues are derived primarily from i) manufactured product sales in the form of finished power cell units and raw materials/parts in the form of service -relatedparts that coincide with the delivery of the product(s) and ii) an optional extended service protection plan on finished power cell units that is recognized over the life of the extended service protection plan. The Company recognizes revenue from manufactured product sales in the form of finished power cell units and raw materials/parts upon the transfer of control, which is generally upon shipment of the goods. Title and risk pass to the customer upon Free on Board (“FOB”) shipping point or FOB destination depending on the contract terms with its customer. The Company recognizes the revenue related to the sale of the products, net of any sales discounts and variable considerations, including (but not limited to) price concessions, volume discounts, rebates and incentives. For the three months ended March 31, 2025, the Company recognized a sale incentive discount in the amount of $18,366 in F-34 INFINTIUM FUEL CELL SYSTEMS, INC.
NOTES TO FINANCIAL STATEMENTS
(Unaudited) NOTE 2 — BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (cont.) connection with Warrants Shares (as defined in Note 14) issued to its customer in January 2025 and does not have any other variable considerations. For the three months ended March 31, 2024, the Company does not have any variable considerations. The Company recognizes revenue related to extended service protection plans on finished power cell units ratably over the term of the agreement, which is typically a 5 -yearservice period starting upon the installation date at the customer’s site. The company will provide services that are covered under the agreement for the entire duration of the contract with no additional costs to the customer beyond the contract price; payments are generally received upfront and recorded as deferred revenue and amortized over the term of the agreement. The Company’s customers are allowed to return the products within a reasonable period of time, generally 30 days or less, after delivery of the product(s). Its customer a) may retain any or all of such goods for correction by the Company, b) return any or all of such goods with or without instruction for correction or replacement, or c) procure replacement goods from a third party and require the Company to