Company: GDSTR
Filing Date: 2025-01-30
Form Type: S-4
Source: 0001213900-25-008051
Chunk: 216

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-01-30
Form: S-4
Chunk 216
---
, iii) an inventory obsolescence provision of ($209,203) and iv) amortization of a right -of-useasset of $56,224, as well as changes in operating assets and liabilities of i) an increase in inventory, net of $200,447, ii) an increase in prepaid expenses and other current assets of $11,513 and iii) a decrease in accrued expenses and other current liabilities of $401,354, offset by v) a decrease in accounts receivable of $533,613, vi) an increase in accounts payable of $345,054, vii) an increase in a lease liability of $847,190 and viii) deferred service revenue of $279,112.

112 Cash Flows from Investing Activities For the nine months ended September 30, 2024, there was $44,563 of cash used in investing activities resulting from the purchase of property and equipment of $44,563. For the nine months ended September 30, 2023, there was $418,679 of cash used in investing activities resulting from the purchase of property and equipment for $418,679. Cash Flows from Financing Activities For the nine months ended September 30, 2024, there was $2,500,000 of cash provided by financing activities resulting from proceeds from investor financing from related parties of $2,800,000, offset by the repayment of loans payable from related parties of $300,000. For the nine months ended September 30, 2023, there was $1,300,000 of cash provided by financing activities resulting from proceeds from investor financing from related parties of $1,700,000, offset by the repayment of loans payable from related parties of $400,000. Recent Financings — Related Party Loans Loan Payable — related party, limited liability company In March 2020, we entered into a promissory note with a related party limited liability company, with proceeds to us of $1,205,951 and an interest rate of zero percent. As of September 30, 2024, December 31, 2023 and December 31, 2022, the balance of the related party loan payable is $1,205,951. Loan payable — related party, shareholders During 2021, we entered into a technology development loan agreement with a related party entity and shareholder A that is comprised of five individual investors, with proceeds to us of $1,584,906 and an interest rate of zero