Company: GDSTR
Filing Date: 2025-04-24
Form Type: S-4/A
Source: 0001213900-25-034782
Chunk: 234

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-04-24
Form: S-4/A
Chunk 234
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 to meet current and expected operating needs, anticipated capital investment and debt service obligations for the next twelve months from the issuance date of these financial statements. Management estimates that we 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 us, 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 financial statements. Accordingly, the accompanying financial statements have been prepared in conformity with U.S. GAAP, which contemplates continuation of us as a going concern and the realization of assets and the satisfaction of liabilities in the normal course of business. The financial statements do not include any adjustments that might result from the outcome of this uncertainty. The following table summarizes our working capital as of December 31, 2024 and 2023:

|                                   |     | December 31, 
         2024 |   |     | December 31, 
         2023 |
|:----------------------------------|:----|-------------:|:--|:----|-------------:|
|                                   |     |          US$ |   |     |          US$ |
| Current assets                    |     |    8,680,561 |   |     |    4,313,417 |
| Current liabilities               |     |    9,504,708 |   |     |    3,069,611 |
| Working capital (deficit) surplus |     |     (824,147 | ) |     |    1,243,806 |

124

Cash Flows

|                                                     |     | For the Years Ended 
        December 31, |   |     |            |   |
|                                                     |     |                2024 |   |     |       2023 |   |
|                                                     |     |                 US$ |   |     |        US$ |   |
| Net cash provided by (used in) operating activities |     |           3,344,792 |   |     | (2,109,437 | ) |
| Net cash (used in) provided by investing activities |     |            (194,370 |