Company: GDSTR
Filing Date: 2025-06-20
Form Type: S-4/A
Source: 0001213900-25-055744
Chunk: 240

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-06-20
Form: S-4/A
Chunk 240
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     |      532.7 |   |
| Depreciation and amortization       |     |                         234,374 |     |   274,157 |     |   (39,783 | ) |     |      (14.5 | ) |
| Allowance for credit losses         |     |                               — |     |   164,699 |     |  (164,699 | ) |     |     (100.0 | ) |
| Total Operating Expenses            |     |                       7,484,423 |     | 4,658,756 |     | 2,825,667 |   |     |       60.7 |   |

Selling, General and Administrative Selling, general and administrative expenses for the year ended December 31, 2024 increased by 60.9% to approximately $6.6 million as compared to approximately $4.1 million for the year ended December 31, 2023. The increase is mainly due to higher salary and benefits expense of approximately $0.6 million as we expanded our workforce to support growth initiatives. Additionally, legal and professional fees surged by approximately $1.6 million due to higher costs associated with our plan to be listed as a public traded company in 2024, reflecting the necessary costs incurred on legal, accounting, and consulting services to successfully navigate the going public process. Research and Development Research and development expenses for the year ended December 31, 2024 increased by 532.7% to approximately $0.6 million as compared to approximately $0.1 million for the year ended December 31, 2023. The increase was mainly because the Company invested in more hardware and materials for new products and continued to innovate our products in 2024. Depreciation and amortization Depreciation and amortization expenses for the year ended December 31, 2024 decreased by 14.5% to approximately $0.2 million as compared to approximately $0.3 million for the year ended December 31, 2023. The decrease was primarily due to our office equipment and special equipment had reached the end of its useful life and were fully depreciated with less depreciation in 2024. Allowance for credit losses Allowance for credit losses for the year ended December 31, 2024 decreased by 100.0% to $0 as compared to approximately $0.2 million for the year ended December 31, 2023. The decrease was mainly