Company: GDSTR
Filing Date: 2025-06-20
Form Type: S-4/A
Source: 0001213900-25-055744
Chunk: 245

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-06-20
Form: S-4/A
Chunk 245
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 payable — related party. We have no cash flows used in financing activities for the three months ended March 31, 2024. Net cash provided by financing activities for the year ended December 31, 2024 was $2.0 million, primarily resulting from proceeds from loan payable — related party of $2.8 million, offset by the repayment of loans payable — related party of $0.8 million. Net cash provided by financing activities for the year ended December 31, 2023 was approximately $2.4 million, mainly attributable to the proceeds from loans payable — related party of approximately $2.9 million, and the proceeds from loans payable of approximately $0.6 million, and offset by the repayments of loans payable — related party of approximately $1.1 million, and the repayments of loan payable of approximately $0.1 million. Recent Financings — Related Party Loans Loan Payable — related party, limited liability company In March 2020, the Company entered into a promissory note with a related party limited liability company controlled by the Company’s ultimate major shareholder, with proceeds to the Company of $1,205,951 and an interest rate of zero percent and to be due on demand. As of March31, 2025, December 31, 2024 and 2023, the balance of the related party loan payable is $1,205,951, $1,205,951 and $1,205,951, respectively. Loan payable — related party, shareholders In February 2023, the Company entered into a promissory note with a related party entity, shareholder A, with proceeds to the Company of $200,000 and an interest rate of zero percent. As of March31, 2025, December 31, 2024 and 2023, the balance of the noncurrent related party loan payable is $0, $0 and $200,000, respectively and the balance of the current related party loan payable is $200,000, $200,000 and $0, respectively. Loan payable — related party lenders In August 2023, the Company entered into a short -termpromissory note with a related party, lender B, with proceeds to the Company of $300,000 and an interest rate of zero percent. In March 2024, the Company repaid the entire note in the amount of $300,000 and as of March31, 2025, December 31,