10-Q Filing

GOLDENSTONE ACQUISITION LTD. CIK: 1858007 Q1 2022

Filing Information

Form Type	10-Q
Accession Number	`0001213900-22-047219`
Period End Date	20220630
Filing Date	20220812
Fiscal Year	2022
Fiscal Period	Q1
XBRL Instance	f10q0622_goldenstone_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 48 Income Statement 20 Cash Flow Statement 30 Stockholders Equity 11

Balance Sheet 48 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
Common stock subject to possible redemption shares, per share (in Dollars per share)	`TemporaryEquityParOrStatedValuePerShare`	$10.15	USD	Point-in-time
Cash	`Cash`	$615.79K	USD	Point-in-time
Common stock subject to possible redemption shares, per share (in Dollars per share)	`TemporaryEquityParOrStatedValuePerShare`	$10.15	USD	Point-in-time
Cash	`Cash`	$959.96K	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 par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$124.67K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$740.45K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$962.46K	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
Common stock, shares issued	`CommonStockSharesIssued`	1.85M	shares	Point-in-time
Investments held in Trust Account	`AssetsHeldInTrustNoncurrent`	$58.45M	USD	Point-in-time
Investments held in Trust Account	`AssetsHeldInTrustNoncurrent`	$58.36M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	1.85M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	1.85M	shares	Point-in-time
TOTAL ASSETS	`Assets`	$59.19M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	1.85M	shares	Point-in-time
TOTAL ASSETS	`Assets`	$59.33M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$798.00	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$105.57K	USD	Point-in-time
Franchise tax payable	`SalesAndExciseTaxPayableCurrent`	$13.80K	USD	Point-in-time
Franchise tax payable	`SalesAndExciseTaxPayableCurrent`	$11.80K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$12.60K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$119.37K	USD	Point-in-time
Deferred underwriting discounts and commissions	`DeferredCompensationLiabilityClassifiedNoncurrent`	$2.01M	USD	Point-in-time
Deferred underwriting discounts and commissions	`DeferredCompensationLiabilityClassifiedNoncurrent`	$2.01M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$2.03M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$2.13M	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`	$48.27M	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`	$50.68M	USD	Point-in-time
Common stock, $0.0001 par value, 15,000,000 shares authorized, 1,846,250 shares issued and outstanding as of June 30, 2022 and March 31, 2022	`CommonStockValue`	$185.00	USD	Point-in-time
Common stock, $0.0001 par value, 15,000,000 shares authorized, 1,846,250 shares issued and outstanding as of June 30, 2022 and March 31, 2022	`CommonStockValue`	$185.00	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$6.68M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$9.09M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-301.83K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-54.50K	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$9.03M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$10.17K	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$6.38M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$24.82K	USD	Point-in-time
TOTAL LIABILITIES, TEMPORARY EQUITY, AND STOCKHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$59.19M	USD	Point-in-time
TOTAL LIABILITIES, TEMPORARY EQUITY, AND STOCKHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$59.33M	USD	Point-in-time

Income Statement 20 line items

Line Item	Tag	Value	Unit	Period
Basic and diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.75M	shares	1 Quarter
Formation and operating costs	`OperatingCostsAndExpenses`	$326.79K	USD	1 Quarter
Formation and operating costs	`OperatingCostsAndExpenses`	$14.65K	USD	1 Quarter
Basic and diluted net income (loss) per share	`EarningsPerShareDiluted`	$0.07	USD	1 Quarter
Franchise tax expenses	`FranchisorCosts`	-	USD	1 Quarter
Franchise tax expenses	`FranchisorCosts`	$2.00K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-14.65K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-328.79K	USD	1 Quarter
Interest earned on investment held in Trust Account	`InvestmentIncomeInterest`	-	USD	1 Quarter
Interest earned on investment held in Trust Account	`InvestmentIncomeInterest`	$81.46K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-14.65K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-247.33K	USD	1 Quarter
Income taxes provision	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income taxes provision	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-14.65K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-247.33K	USD	1 Quarter
Basic and diluted weighted average shares outstanding (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	5.75M	shares	1 Quarter
Basic and diluted weighted average shares outstanding (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	-	shares	1 Quarter
Basic and diluted net income (loss) per share (in Dollars per share)	`EarningsPerShareBasic`	$0.07	USD	1 Quarter
Basic and diluted net income (loss) per share (in Dollars per share)	`EarningsPerShareBasic`	-	USD	1 Quarter

Cash Flow Statement 30 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-14.65K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-247.33K	USD	1 Quarter
Interest earned on investment held in Trust Account	`InterestIncomeSecuritiesUSTreasury`	$81.46K	USD	1 Quarter
Interest earned on investment held in Trust Account	`InterestIncomeSecuritiesUSTreasury`	-	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$122.17K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	-	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$104.78K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$1.26K	USD	1 Quarter
Franchise tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	-	USD	1 Quarter
Franchise tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$2.00K	USD	1 Quarter
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-13.39K	USD	1 Quarter
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-344.18K	USD	1 Quarter
Proceeds from issuance of promissory note to related party	`ProceedsFromRelatedPartyDebt`	-	USD	1 Quarter
Proceeds from issuance of promissory note to related party	`ProceedsFromRelatedPartyDebt`	$50.00K	USD	1 Quarter
Payments of deferred offering costs	`PaymentsOfDebtIssuanceCosts`	$36.56K	USD	1 Quarter
Payments of deferred offering costs	`PaymentsOfDebtIssuanceCosts`	-	USD	1 Quarter
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$13.44K	USD	1 Quarter
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
Net Change in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-344.18K	USD	1 Quarter
Net Change in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$45.00	USD	1 Quarter
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$615.79K	USD	Point-in-time
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$36.45K	USD	Point-in-time
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$959.96K	USD	Point-in-time
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$36.49K	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$615.79K	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$36.45K	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$959.96K	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$36.49K	USD	Point-in-time
Accretion of initial measurement of common stock subject to redemption value	`AccretionOfInitialMeasurementOfCommonStockSubjectToRedemptionValue`	$2.41M	USD	1 Quarter
Accretion of initial measurement of common stock subject to redemption value	`AccretionOfInitialMeasurementOfCommonStockSubjectToRedemptionValue`	-	USD	1 Quarter

Stockholders Equity 11 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$9.03M	USD	Point-in-time
Balance	`StockholdersEquity`	$10.17K	USD	Point-in-time
Balance	`StockholdersEquity`	$6.38M	USD	Point-in-time
Balance	`StockholdersEquity`	$24.82K	USD	Point-in-time
Accretion of initial measurement of common stock subject to redemption value	`StockRedeemedOrCalledDuringPeriodValue`	$-2.41M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-14.65K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-247.33K	USD	1 Quarter
Balance	`StockholdersEquity`	$9.03M	USD	Point-in-time
Balance	`StockholdersEquity`	$10.17K	USD	Point-in-time
Balance	`StockholdersEquity`	$6.38M	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.