Company: GDSTR
Filing Date: 2025-07-18
Form Type: S-4/A
Source: 0001213900-25-065671
Chunk: 380

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-07-18
Form: S-4/A
Chunk 380
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 in the sale contract with these two performance obligations. As such, the Company used the residual approach to determine the standalone selling price of the manufactured product revenue and the extended service protection plan revenue. Cost of Revenues Cost of revenues mainly consists of costs for purchases of products, related inbound freight and delivery fees, indirect costs such as overhead and burden, and direct labor. Selling, General and Administrative Expenses Selling, general and administrative expenses consist of compensation, employee benefits and stock -basedcompensation of employees, as well as travel expenses and general office expenses. Income Taxes The Company follows the asset and liability method of accounting for income taxes under ASC 740 — Income Taxes(“ASC 740”). Deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that is included in the enactment date. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized. ASC 740 prescribes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more likely than not to be sustained upon examination by taxing authorities. The Company recognizes accrued interest and penalties related to unrecognized tax benefits as income tax expense. There were no unrecognized tax benefits and no amounts accrued for interest and penalties as of December 31, 2024 and 2023. The Company is currently not aware of any issues under review that could result in significant payments, accruals or material deviation from its position. The provision for income taxes was $0 for both the years ended December 31, 2024 and 2023. Stock-Based Compensation Per the guidance in ASC 718, Compensation — Stock Compensation(“ASC 718”), the Company measures stock -basedcompensation expense related to awards to employees at the grant date based on the fair value of the award. The fair value of the award that is ultimately expected to vest is recognized as expense on a straight -linebasis over the requisite service period, which is generally the vesting period. Forfeitures of awards are recognized as a component of compensation cost as they occur.