10-Q Filing

GOLDENSTONE ACQUISITION LTD. CIK: 1858007 Q2 2022

Filing Information

Form Type	10-Q
Accession Number	`0001213900-22-072825`
Period End Date	20220930
Filing Date	20221115
Fiscal Year	2022
Fiscal Period	Q2
XBRL Instance	f10q0922_goldenstone_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 50 Income Statement 43 Cash Flow Statement 36 Stockholders Equity 21

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
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`	$10.19	USD	Point-in-time
Common stock par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	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
Cash	`Cash`	$383.91K	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
Prepaid expenses	`PrepaidExpenseCurrent`	$78.79K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	1.85M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	1.85M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$462.70K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$962.46K	USD	Point-in-time
Investments held in Trust Account	`AssetsHeldInTrustNoncurrent`	$58.36M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	1.85M	shares	Point-in-time
Investments held in Trust Account	`AssetsHeldInTrustNoncurrent`	$58.60M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	1.85M	shares	Point-in-time
TOTAL ASSETS	`Assets`	$59.33M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$59.06M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$49.13K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$798.00	USD	Point-in-time
Franchise tax payable	`SalesAndExciseTaxPayableCurrent`	$25.50K	USD	Point-in-time
Franchise tax payable	`SalesAndExciseTaxPayableCurrent`	$11.80K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$74.63K	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`	$2.01M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$2.03M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$2.09M	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 $10.19 and $10.15 per share as of September 30, 2022 and March 31, 2022, respectively	`TemporaryEquityCarryingAmountAttributableToParent`	$53.44M	USD	Point-in-time
Common stock subject to possible redemption, 5,750,000 shares at accretion carrying value with redemption value of $10.19 and $10.15 per share as of September 30, 2022 and March 31, 2022, respectively	`TemporaryEquityCarryingAmountAttributableToParent`	$48.27M	USD	Point-in-time
Common stock, $0.0001 par value, 15,000,000 shares authorized, 1,846,250 shares issued and outstanding as of September 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 September 30, 2022 and March 31, 2022	`CommonStockValue`	$185.00	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$3.91M	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`	$-381.36K	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$9.03M	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 stockholders equity	`StockholdersEquity`	$9.83K	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$3.53M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$10.17K	USD	Point-in-time
TOTAL LIABILITIES, TEMPORARY EQUITY, AND STOCKHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$59.06M	USD	Point-in-time
TOTAL LIABILITIES, TEMPORARY EQUITY, AND STOCKHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$59.33M	USD	Point-in-time

Income Statement 43 line items

Line Item	Tag	Value	Unit	Period
Formation and operating costs	`OperatingCostsAndExpenses`	$336.00	USD	1 Quarter
Formation and operating costs	`OperatingCostsAndExpenses`	$14.99K	USD	2 Qtrs
Basic and diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.75M	shares	2 Qtrs
Formation and operating costs	`OperatingCostsAndExpenses`	$548.09K	USD	2 Qtrs
Basic and diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	-	shares	1 Quarter
Formation and operating costs	`OperatingCostsAndExpenses`	$221.30K	USD	1 Quarter
Basic and diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	-	shares	2 Qtrs
Basic and diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.75M	shares	1 Quarter
Basic and diluted net income (loss) per share	`EarningsPerShareDiluted`	-	USD	2 Qtrs
Franchise tax expenses	`FranchisorCosts`	-	USD	1 Quarter
Basic and diluted net income (loss) per share	`EarningsPerShareDiluted`	-	USD	1 Quarter
Basic and diluted net income (loss) per share	`EarningsPerShareDiluted`	$0.11	USD	1 Quarter
Franchise tax expenses	`FranchisorCosts`	$13.70K	USD	2 Qtrs
Franchise tax expenses	`FranchisorCosts`	$11.70K	USD	1 Quarter
Basic and diluted net income (loss) per share	`EarningsPerShareDiluted`	$0.18	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-14.99K	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-233.00K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-561.79K	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-336.00	USD	1 Quarter
Interest earned on investment held in Trust Account	`InvestmentIncomeInterest`	-	USD	1 Quarter
Interest earned on investment held in Trust Account	`InvestmentIncomeInterest`	$153.47K	USD	1 Quarter
Interest earned on investment held in Trust Account	`InvestmentIncomeInterest`	$234.93K	USD	2 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-14.99K	USD	2 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-336.00	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-79.53K	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-326.86K	USD	2 Qtrs
Income taxes provision	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Income taxes provision	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income taxes provision	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Income taxes provision	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-336.00	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-247.33K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-326.86K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-14.99K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-14.65K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-79.53K	USD	1 Quarter
Basic and diluted weighted average shares outstanding (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	-	shares	1 Quarter
Basic and diluted weighted average shares outstanding (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	-	shares	2 Qtrs
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`	5.75M	shares	2 Qtrs
Basic and diluted net income (loss) per share (in Dollars per share)	`EarningsPerShareBasic`	$0.11	USD	1 Quarter
Basic and diluted net income (loss) per share (in Dollars per share)	`EarningsPerShareBasic`	$0.18	USD	2 Qtrs
Basic and diluted net income (loss) per share (in Dollars per share)	`EarningsPerShareBasic`	-	USD	1 Quarter

Cash Flow Statement 36 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-336.00	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-247.33K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-326.86K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-14.99K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-14.65K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-79.53K	USD	1 Quarter
Interest earned on investment held in Trust Account	`InterestIncomeSecuritiesUSTreasury`	$234.93K	USD	2 Qtrs
Interest earned on investment held in Trust Account	`InterestIncomeSecuritiesUSTreasury`	-	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$76.29K	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	-	USD	2 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$1.26K	USD	2 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$48.33K	USD	2 Qtrs
Franchise tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$13.70K	USD	2 Qtrs
Franchise tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	-	USD	2 Qtrs
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-576.05K	USD	2 Qtrs
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-13.73K	USD	2 Qtrs
Proceeds from issuance of promissory note to related party	`ProceedsFromRelatedPartyDebt`	-	USD	2 Qtrs
Proceeds from issuance of promissory note to related party	`ProceedsFromRelatedPartyDebt`	$50.00K	USD	2 Qtrs
Payments of deferred offering costs	`PaymentsOfDebtIssuanceCosts`	-	USD	2 Qtrs
Payments of deferred offering costs	`PaymentsOfDebtIssuanceCosts`	$36.56K	USD	2 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$13.44K	USD	2 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	2 Qtrs
Net Change in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-291.00	USD	2 Qtrs
Net Change in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-576.05K	USD	2 Qtrs
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$383.91K	USD	Point-in-time
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$36.16K	USD	Point-in-time
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$959.96K	USD	Point-in-time
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$36.45K	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$383.91K	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$36.16K	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$959.96K	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$36.45K	USD	Point-in-time
Accretion of initial measurement of common stock subject to redemption value	`AccretionOfInitialMeasurementOfCommonStockSubjectToRedemptionValue`	-	USD	2 Qtrs
Accretion of initial measurement of common stock subject to redemption value	`AccretionOfInitialMeasurementOfCommonStockSubjectToRedemptionValue`	$4.96M	USD	2 Qtrs
Accretion of subsequent measurement of common stock subject to redemption value	`AccretionOfSubsequentMeasurementOfCommonStockSubjectToRedemptionValue`	$211.18K	USD	2 Qtrs
Accretion of subsequent measurement of common stock subject to redemption value	`AccretionOfSubsequentMeasurementOfCommonStockSubjectToRedemptionValue`	-	USD	2 Qtrs

Stockholders Equity 21 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$9.03M	USD	Point-in-time
Balance	`StockholdersEquity`	$6.38M	USD	Point-in-time
Balance	`StockholdersEquity`	$24.82K	USD	Point-in-time
Balance	`StockholdersEquity`	$9.83K	USD	Point-in-time
Balance	`StockholdersEquity`	$3.53M	USD	Point-in-time
Balance	`StockholdersEquity`	$10.17K	USD	Point-in-time
Accretion of initial measurement of common stock subject to redemption value	`StockRedeemedOrCalledDuringPeriodValue`	$-2.41M	USD	1 Quarter
Accretion of initial measurement of common stock subject to redemption value	`StockRedeemedOrCalledDuringPeriodValue`	$-2.56M	USD	1 Quarter
Accretion of subsequent measurement of common stock subject to redemption value	`TemporaryEquityAccretionToRedemptionValueAdjustment`	$-211.18K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-336.00	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-247.33K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-326.86K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-14.99K	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-14.65K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-79.53K	USD	1 Quarter
Balance	`StockholdersEquity`	$9.03M	USD	Point-in-time
Balance	`StockholdersEquity`	$6.38M	USD	Point-in-time
Balance	`StockholdersEquity`	$24.82K	USD	Point-in-time
Balance	`StockholdersEquity`	$9.83K	USD	Point-in-time
Balance	`StockholdersEquity`	$3.53M	USD	Point-in-time
Balance	`StockholdersEquity`	$10.17K	USD	Point-in-time

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