Company: GDSTR
Filing Date: 2025-08-20
Form Type: 10-Q
Source: 0001213900-25-078650
Chunk: 26

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-08-20
Form: 10-Q
Item: Item 1
Chunk 26
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 taxes. These potential examinations may include questioning the timing
and amount of deductions, the nexus of income among various tax jurisdictions and compliance with federal and state tax laws. The Company’s
management does not expect that the total amount of unrecognized tax benefits will materially change over the next twelve months. Federal
tax returns filed in fiscal years ended March 31, 2023 through 2025 remain subject to examination by any applicable tax authorities.

14

Net Income (Loss) per Share

The Company complies with accounting and disclosure requirements of
FASB ASC 260, Earnings Per Share. In order to determine the net income (loss) attributable to both the redeemable shares and non-redeemable
shares, the Company first considered the undistributed income (loss) allocable to both the redeemable Common Stock and non-redeemable
Common Stock and the undistributed income (loss) is calculated using the total net income (loss) less any dividends paid. The Company
then allocated the undistributed income (loss) ratably based on the weighted average number of shares outstanding between the redeemable
and non-redeemable Common Stock. Any remeasurement of the accretion to redemption value of the Common Stock subject to possible redemption
was deemed   to be dividends paid to the public stockholders. For the three months ended June 30, 2025 and March 31, 2025, the
Company has not considered the effect of a) the Public and Private Warrants sold in the Initial Public Offering to purchase an aggregate
of 6,101,250 shares, b) the Public and Private Rights that will automatically convert into an aggregate of 610,125 shares upon consummation
of its initial Business Combination, c) the Unit Purchase Option (“UPO”) to purchase up to 270,250 Units, which
include  s an option to purchase 270,250 shares, option to purchase an aggregate of 270,250 shares from the exercise of warrants,
and 27,025 shares automatically converted from the 270,250 rights upon consummation of its initial Business Combination, and d) up to
232,500 Private Units upon optional conversion of the Working Capital and Extension Loans, in the calculation of diluted net income (loss)
per share, since the exercise of the Public and Private Warrants, the effect of the Public and Private Rights, the exercise of the UPO,
and the conversion of the Working Capital and Extension Loans are