Company: GDSTR
Filing Date: 2025-07-18
Form Type: S-4/A
Source: 0001213900-25-065671
Chunk: 253

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-07-18
Form: S-4/A
Chunk 253
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 demand. As of March31, 2025, December 31, 2024 and 2023, the balance of the related party loan payable is $1,205,951, $1,205,951 and $1,205,951, respectively. Loan payable — related party, shareholders In February 2023, the Company entered into a promissory note with a related party entity, shareholder A, with proceeds to the Company of $200,000 and an interest rate of zero percent. As of March31, 2025, December 31, 2024 and 2023, the balance of the noncurrent related party loan payable is $0, $0 and $200,000, respectively and the balance of the current related party loan payable is $200,000, $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 March31, 2025, December 31, 2024 and 2023, the balance of the current related party loan payable was zero, zero 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 and March 2025, the Company repaid the short -term 137 promissory notes in the amount of $500,000 and $300,000, respectively. As of March31, 2025 and December31, 2024, the balances of the current related party loans were $500,000 and $500,000, respectively. As of March31, 2025 and December31, 2024, the balances of the noncurrent related party loans were $0 and $300,000, respectively. In June 2024, the Company entered into a short -