10-K Filing

GOLDENSTONE ACQUISITION LTD. CIK: 1858007 FY 2021

Filing Information

Form Type	10-K
Accession Number	`0001213900-22-035892`
Period End Date	20220331
Filing Date	20220629
Fiscal Year	2021
Fiscal Period	FY
XBRL Instance	f10k2022_goldenstone_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 50 Income Statement 22 Cash Flow Statement 55 Stockholders Equity 22

Balance Sheet 50 line items

Line Item	Tag	Value	Unit	Period
Common stock subject to possible redemption shares	`TemporaryEquitySharesIssued`	5.75M	shares	Point-in-time
Common stock subject to possible redemption shares	`TemporaryEquitySharesIssued`	5.75M	shares	Point-in-time
Cash	`Cash`	$959.96K	USD	Point-in-time
Cash	`Cash`	$36.45K	USD	Point-in-time
Common stock subject to possible redemption shares, per share (in Dollars per share)	`TemporaryEquityParOrStatedValuePerShare`	$10.15	USD	Point-in-time
Common stock subject to possible redemption shares, per share (in Dollars per share)	`TemporaryEquityParOrStatedValuePerShare`	$10.15	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	-	USD	Point-in-time
Common stock par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$2.50K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	15.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	15.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$36.45K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$962.46K	USD	Point-in-time
Deferred offering costs	`DeferredCosts`	-	USD	Point-in-time
Deferred offering costs	`DeferredCosts`	$62.50K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	1.85M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	1.44M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	1.85M	shares	Point-in-time
Investments held in Trust Account	`AssetsHeldInTrustNoncurrent`	$58.36M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	1.44M	shares	Point-in-time
TOTAL ASSETS	`Assets`	$59.33M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$98.95K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	-	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$798.00	USD	Point-in-time
Franchise tax payable	`SalesAndExciseTaxPayableCurrent`	$11.80K	USD	Point-in-time
Franchise tax payable	`SalesAndExciseTaxPayableCurrent`	-	USD	Point-in-time
Promissory note related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$74.13K	USD	Point-in-time
Promissory note related party	`NotesPayableRelatedPartiesClassifiedCurrent`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$74.13K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$12.60K	USD	Point-in-time
Deferred underwriting discounts and commissions	`DeferredCompensationLiabilityClassifiedNoncurrent`	$2.01M	USD	Point-in-time
Deferred underwriting discounts and commissions	`DeferredCompensationLiabilityClassifiedNoncurrent`	-	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$2.03M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$74.13K	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock subject to possible redemption, 5,750,000 shares at accretion carrying value with redemption value of $10.15 per share	`TemporaryEquityCarryingAmountAttributableToParent`	-	USD	Point-in-time
Common stock subject to possible redemption, 5,750,000 shares at accretion carrying value with redemption value of $10.15 per share	`TemporaryEquityCarryingAmountAttributableToParent`	$48.27M	USD	Point-in-time
Common stock, $0.0001 par value, 15,000,000 shares authorized, 1,846,250 shares and 1,437,500 shares issued and outstanding as of March 31, 2022 and 2021, respectively	`CommonStockValue`	$185.00	USD	Point-in-time
Common stock, $0.0001 par value, 15,000,000 shares authorized, 1,846,250 shares and 1,437,500 shares issued and outstanding as of March 31, 2022 and 2021, respectively	`CommonStockValue`	$144.00	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$25.73K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$9.09M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-54.50K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.05K	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	-	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$9.03M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$24.82K	USD	Point-in-time
TOTAL LIABILITIES, TEMPORARY EQUITY, AND STOCKHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$98.95K	USD	Point-in-time
TOTAL LIABILITIES, TEMPORARY EQUITY, AND STOCKHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$59.33M	USD	Point-in-time

Income Statement 22 line items

Line Item	Tag	Value	Unit	Period
Formation and operating costs	`OperatingCostsAndExpenses`	$1.05K	USD	2 Qtrs
Formation and operating costs	`OperatingCostsAndExpenses`	$43.40K	USD	Annual
Franchise tax expenses	`FranchisorCosts`	-	USD	2 Qtrs
Franchise tax expenses	`FranchisorCosts`	$12.25K	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-55.65K	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-1.05K	USD	2 Qtrs
Interest earned on investment held in Trust Account	`InvestmentIncomeInterest`	$2.20K	USD	Annual
Interest earned on investment held in Trust Account	`InvestmentIncomeInterest`	-	USD	2 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.05K	USD	2 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-53.45K	USD	Annual
Income taxes provision	`IncomeTaxExpenseBenefit`	-	USD	Annual
Income taxes provision	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-53.45K	USD	Annual
Net loss	`NetIncomeLoss`	$-1.05K	USD	2 Qtrs
Basic and diluted weighted average shares outstanding, common stock subject to possible redemption (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	-	shares	2 Qtrs
Basic and diluted weighted average shares outstanding, common stock subject to possible redemption (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	157,534.00	shares	Annual
Basic and diluted net income per share, common stock subject to possible redemption (in Dollars per share)	`EarningsPerShareBasic`	$1.44	USD	Annual
Basic and diluted net income per share, common stock subject to possible redemption (in Dollars per share)	`EarningsPerShareBasic`	-	USD	2 Qtrs
Basic and diluted weighted average shares outstanding, common stock attributable to Goldenstone Acquisition Limited (in Shares)	`WeightedAverageNumberDilutedSharesOutstandingAdjustment`	1.25M	shares	2 Qtrs
Basic and diluted weighted average shares outstanding, common stock attributable to Goldenstone Acquisition Limited (in Shares)	`WeightedAverageNumberDilutedSharesOutstandingAdjustment`	1.45M	shares	Annual
Basic and diluted net loss per share, common stock attributable to Goldenstone Acquisition Limited (in Dollars per share)	`EarningsPerShareDiluted`	$-0.19	USD	Annual
Basic and diluted net loss per share, common stock attributable to Goldenstone Acquisition Limited (in Dollars per share)	`EarningsPerShareDiluted`	-	USD	2 Qtrs

Cash Flow Statement 55 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-53.45K	USD	Annual
Net loss	`NetIncomeLoss`	$-1.05K	USD	2 Qtrs
Interest earned on investment held in Trust Account	`InterestIncomeSecuritiesUSTreasury`	$2.20K	USD	Annual
Interest earned on investment held in Trust Account	`InterestIncomeSecuritiesUSTreasury`	-	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	-	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$2.50K	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$798.00	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	-	USD	2 Qtrs
Franchise tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$11.80K	USD	Annual
Franchise tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	-	USD	2 Qtrs
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.05K	USD	2 Qtrs
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-45.55K	USD	Annual
Purchase of investment held in Trust Account	`PaymentsToAcquireInvestments`	-	USD	2 Qtrs
Purchase of investment held in Trust Account	`PaymentsToAcquireInvestments`	$58.36M	USD	Annual
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-58.36M	USD	Annual
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	2 Qtrs
Proceeds from issuance of Insider shares to the Initial Stockholders	`ProceedsFromIssuanceOfCommonStock`	$25.87K	USD	2 Qtrs
Proceeds from issuance of Insider shares to the Initial Stockholders	`ProceedsFromIssuanceOfCommonStock`	-	USD	Annual
Proceeds from sale of public units through public offering	`ProceedsFromIssuanceInitialPublicOffering`	-	USD	2 Qtrs
Proceeds from sale of public units through public offering	`ProceedsFromIssuanceInitialPublicOffering`	$57.50M	USD	Annual
Proceeds from sale of private placement units	`ProceedsFromIssuanceOfWarrants`	$3.51M	USD	Annual
Proceeds from sale of private placement units	`ProceedsFromIssuanceOfWarrants`	-	USD	2 Qtrs
Proceeds from sale of unit purchase options	`ProceedsFromOtherEquity`	-	USD	2 Qtrs
Proceeds from sale of unit purchase options	`ProceedsFromOtherEquity`	$100.00	USD	Annual
Payment of underwriters discount and commissions	`PaymentsForRepurchaseOfPrivatePlacement`	-	USD	2 Qtrs
Payment of underwriters discount and commissions	`PaymentsForRepurchaseOfPrivatePlacement`	$1.15M	USD	Annual
Proceeds from issuance of promissory note to related party	`ProceedsFromRelatedPartyDebt`	$110.00K	USD	Annual
Proceeds from issuance of promissory note to related party	`ProceedsFromRelatedPartyDebt`	$74.13K	USD	2 Qtrs
Repayments of promissory note to related party	`RepaymentsOfRelatedPartyDebt`	-	USD	2 Qtrs
Repayments of promissory note to related party	`RepaymentsOfRelatedPartyDebt`	$184.13K	USD	Annual
Payments of deferred offering costs	`PaymentsOfDebtIssuanceCosts`	$62.50K	USD	2 Qtrs
Payments of deferred offering costs	`PaymentsOfDebtIssuanceCosts`	$456.90K	USD	Annual
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$37.50K	USD	2 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$59.33M	USD	Annual
Net Change in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$923.52K	USD	Annual
Net Change in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$36.45K	USD	2 Qtrs
Cash at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$36.45K	USD	Point-in-time
Cash at end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$959.96K	USD	Point-in-time
Cash at end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$36.45K	USD	Point-in-time
Deferred underwriting discounts and commissions	`NoncashOrPartNoncashAcquisitionOtherAssetsAcquired1`	-	USD	2 Qtrs
Deferred underwriting discounts and commissions	`NoncashOrPartNoncashAcquisitionOtherAssetsAcquired1`	$2.01M	USD	Annual
Offering costs charged against additional paid-in capital	`OfferingCostsChargedAgainstAdditionalPaidinCapital`	$62.50K	USD	Annual
Offering costs charged against additional paid-in capital	`OfferingCostsChargedAgainstAdditionalPaidinCapital`	-	USD	2 Qtrs
Issuance of representative shares	`DebtConversionConvertedInstrumentAmount1`	$441.02K	USD	Annual
Issuance of representative shares	`DebtConversionConvertedInstrumentAmount1`	-	USD	2 Qtrs
Fair value of unit purchase options	`FairValueOfAssetsAcquired`	-	USD	2 Qtrs
Fair value of unit purchase options	`FairValueOfAssetsAcquired`	$208.09K	USD	Annual
Reclassification of common stock subject to redemption	`StockIssued1`	$57.50M	USD	Annual
Reclassification of common stock subject to redemption	`StockIssued1`	-	USD	2 Qtrs
Proceeds allocated to public warrants and public rights	`ProceedsAllocatedToPublicWarrantsAndPublicRights`	-	USD	2 Qtrs
Proceeds allocated to public warrants and public rights	`ProceedsAllocatedToPublicWarrantsAndPublicRights`	$5,577.50B	USD	Annual
Allocation of offering costs to common stock subject to redemption	`AllocationOfOfferingCostsToCommonStockSubjectToRedemption`	-	USD	2 Qtrs
Allocation of offering costs to common stock subject to redemption	`AllocationOfOfferingCostsToCommonStockSubjectToRedemption`	$3.91M	USD	Annual
Accretion of initial measurement of common stock subject to redemption value	`AccretionOfInitialMeasurementOfCommonStockSubjectToRedemptionValue`	$257.49K	USD	Annual
Accretion of initial measurement of common stock subject to redemption value	`AccretionOfInitialMeasurementOfCommonStockSubjectToRedemptionValue`	-	USD	2 Qtrs

Stockholders Equity 22 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	-	USD	Point-in-time
Balance	`StockholdersEquity`	$9.03M	USD	Point-in-time
Balance	`StockholdersEquity`	$24.82K	USD	Point-in-time
Sale of public units through public offering	`ProceedsFromIssuanceInitialPublicOffering`	-	USD	2 Qtrs
Sale of public units through public offering	`ProceedsFromIssuanceInitialPublicOffering`	$57.50M	USD	Annual
Sale of private placement units	`ProceedsFromIssuanceOfPrivatePlacement`	$3.51M	USD	Annual
Issuance of representative shares	`StockIssuedDuringPeriodValueIssuedForServices`	$441.02K	USD	Annual
Issuance of representative shares (in Shares)	`StockIssuedDuringPeriodSharesOther`	1.44M	shares	Annual
Sale of unit purchase options	`StockIssuedDuringPeriodValueOther`	$100.00	USD	Annual
Fair value of unit purchase options	`FairValueOfUnitPurchaseOptions`	$208.09K	USD	Annual
Underwriters' discount	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$3.16M	USD	Annual
Other offering expenses	`StockIssuedDuringPeriodValueAcquisitions`	$1.17M	USD	Annual
Reclassification of common stock subject to redemption	`StockIssuedDuringPeriodValueConversionOfUnits`	$-57.50M	USD	Annual
Proceeds allocated to public warrants and public rights	`StockAndWarrantsIssuedDuringPeriodValuePreferredStockAndWarrants`	$5,577.50B	USD	Annual
Allocation of offering costs to common stock subject to redemption	`StockRedeemedOrCalledDuringPeriodValue`	$3.91M	USD	Annual
Accretion of initial measurement of common stock subject to redemption value	`StockRepurchasedDuringPeriodValue`	$257.49K	USD	Annual
Issuance of Insider shares to the Initial Stockholders	`StockholdersEquityOther`	$25.87K	USD	2 Qtrs
Net loss	`ProfitLoss`	$-1.05K	USD	2 Qtrs
Net loss	`ProfitLoss`	$-53.45K	USD	Annual
Balance	`StockholdersEquity`	-	USD	Point-in-time
Balance	`StockholdersEquity`	$9.03M	USD	Point-in-time
Balance	`StockholdersEquity`	$24.82K	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.