Company: GDSTR
Filing Date: 2025-01-30
Form Type: S-4
Source: 0001213900-25-008051
Chunk: 391

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-01-30
Form: S-4
Chunk 391
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 noncurrent related party loan payable is $1,205,951 and $1,205,951 as of both dates. 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 $400,000 and an interest rate of zero percent. In March 2023, the Company made a principal payment of $200,000; as of September 30, 2024 and December 31, 2023, the balance of the noncurrent related party loan payable is $200,000 and $200,000, 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 September 30, 2024 and December 31, 2023, the balance of the current related party loan payable was zero and $300,000, respectively. In March 2024, the Company entered into a long -termpromissory note with a related party, lender C, with proceeds to the Company of $300,000 and an interest rate of zero percent. In April and May 2024, the Company entered into two short -termpromissory notes for $500,000 each with lender C, with proceeds to the Company of $1,000,000 and an interest rate of zero percent. As of September30, 2024, the balances of the current and noncurrent related party loans were $1,000,000 and $300,000, respectively. In June 2024, the Company entered into a short -termpromissory note with a related party, lender D, with proceeds to the Company of $500,000 and an interest rate of zero percent. As of September 30, 2024, the balance of the current related party loan was $500,000. In August 2024, the Company entered into a promissory note with a related party, lender E, with proceeds to the Company of $1,000,000 and an interest rate of zero percent; as of September 30, 2024, the balance of the noncurrent related party loan was $1,000,000