Company: GDSTR
Filing Date: 2025-01-30
Form Type: S-4
Source: 0001213900-25-008051
Chunk: 370

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-01-30
Form: S-4
Chunk 370
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100,687 |   |     |   |   442,386 |
| Other (including sales returns) |     |   |   (59,050 | ) |     |   |    77,003 |
| Total revenue                   |     | $ | 2,803,215 |   |     | $ | 1,846,589 |

Contract Assets and Liabilities Contract assets and liabilities result from differences in timing of revenue recognition and customer invoicing; contract assets primarily relate to the sale of a good or service for which revenue is recognized over time. Contract liabilities typically include advance payments or rights to consideration prior to performance under a contract. As of December 31, 2023 and 2022, the Company had a short -termdeferred revenue liability recorded in the amount of $1,106,586 and $0, respectively, as well as customer down payments (current liabilities) recorded in the amount of $0 and $363,166, respectively. Remaining Performance Obligations As of December 31, 2023, the estimated revenue expected to be recognized in the future related to performance obligations that are unsatisfied (or partially unsatisfied) was approximately $1,106,586; the Company expects to recognize revenue on these remaining performance obligations over the next sixty months. The performance obligations primarily reflect the sale of extended service protection plans related to previously sold equipment; the Company has applied the practical expedient described in ASC 606 -10-50-14and has not included remaining performance obligations related to contracts with original expected durations of one year or less.

F-64

INFINTIUM FUEL CELL SYSTEMS, INC.
NOTES TO FINANCIAL STATEMENTS NOTE 13 — LEASES See below for lease information for the years ending December 31:

| Operating Leases                                       |     | 2023 |         |   |     | 2022 |         |   |
|:-------------------------------------------------------|:----|:-----|--------:|:--|:----|:-----|--------:|:--|
| Operating lease right-of-use assets                    |     | $    | 238,916 |   |     | $    | 311,408 |   |
| Current liabilities – lease liability, current         |     | $    |  78,145 |   |     | $    |  70,362 |   |
| Non-current liabilities – lease liability, non-current |     |      | 167,804 |