Company: GDSTR
Filing Date: 2025-01-30
Form Type: S-4
Source: 0001213900-25-008051
Chunk: 218

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-01-30
Form: S-4
Chunk 218
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 this loan to the individual related party shareholder; as of December 31, 2023, the balance of the related party loan payable is zero. 113 Loan payable — related party lenders In April 2022, we entered into a promissory note with a related party lender A, with proceeds to us in April 2022 and July 2022 of $190,000 and $300,000, respectively, and an interest rate of zero percent. We repaid $300,000 in July 2022 and $190,000 in December 2022 and as of December 31, 2022, the balance of the related party loan payable was zero. In April 2023, we entered into a promissory note with the same related party lender A, with proceeds to us in April 2023, July 2023 and September 2023 of $200,000, $500,000 and $100,000, respectively, and an interest rate of zero percent. We repaid the entire note in the amount of $800,000 in December 2023 and as of December 31, 2023, the balance of the related party loan payable is zero. In August 2023, we entered into a promissory note with a related party lender B, with proceeds to us of $300,000 and an interest rate of zero percent. As of December 31, 2023, the balance of the related party loan payable is $300,000. In March 2024, the Company repaid the entire note in the amount of $300,000 and as of September 30, 2024, the balance of the related party loan payable is zero. 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. As of September 30, 2024, the balances of the current and noncurrent related party loans were $1,000,000 and $300,000, respectively. In June 2024, the Company entered into a short -termpromissory note with a related party, lender D, with proceeds