Company: GDSTR
Filing Date: 2025-07-18
Form Type: S-4/A
Source: 0001213900-25-065671
Chunk: 389

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-07-18
Form: S-4/A
Chunk 389
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 of zero percent. As of December 31, 2024 and 2023, the balance of the noncurrent related party loan payable is $0 and $200,000, respectively and the balance of the current related party loan payable is $200,000 and $0, respectively. Loan payable — related party lenders In August 2023, the Company entered into a short -termpromissory note with a related party, lender B, with proceeds to the Company of $300,000 and an interest rate of zero percent. In March 2024, the Company repaid the entire note in the amount of $300,000 and as of December 31, 2024 and 2023, the balance of the current related party loan payable was $0 and $300,000, respectively. In March 2024, the Company entered into a long -termpromissory note with a related party, lender C, with proceeds to the Company of $300,000 and an 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