10-Q Filing

GOLDENSTONE ACQUISITION LTD. CIK: 1858007 Q3 2023

Filing Information

Form Type	10-Q
Accession Number	`0001213900-23-013269`
Period End Date	20221231
Filing Date	20230221
Fiscal Year	2023
Fiscal Period	Q3
XBRL Instance	f10q1222_goldenstone_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 55 Income Statement 48 Cash Flow Statement 42 Stockholders Equity 29

Balance Sheet 55 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
Common stock subject to possible redemption shares, per share (in Dollars per share)	`TemporaryEquityParOrStatedValuePerShare`	$10.26	USD	Point-in-time
Cash	`Cash`	$279.54K	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 par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$37.92K	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`	$317.46K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$962.46K	USD	Point-in-time
Investments held in Trust Account	`AssetsHeldInTrustNoncurrent`	$59.22M	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 issued	`CommonStockSharesIssued`	1.85M	shares	Point-in-time
TOTAL ASSETS	`Assets`	$59.53M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$59.33M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	1.85M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	1.85M	shares	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$74.68K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$798.00	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	-	USD	Point-in-time
Income tax payable	`AccruedIncomeTaxesCurrent`	$130.86K	USD	Point-in-time
Franchise tax payable	`SalesAndExciseTaxPayableCurrent`	$11.80K	USD	Point-in-time
Franchise tax payable	`SalesAndExciseTaxPayableCurrent`	$37.84K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$12.60K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$243.38K	USD	Point-in-time
Deferred tax liability	`DerivativeLiabilitiesNoncurrent`	$40.26K	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`	$2.30M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$2.03M	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 $10.26 and $10.15 per share as of December 31, 2022 and March 31, 2022, respectively	`TemporaryEquityCarryingAmountAttributableToParent`	$56.56M	USD	Point-in-time
Common stock subject to possible redemption, 5,750,000 shares at accretion carrying value with redemption value of $10.26 and $10.15 per share as of December 31, 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 December 31, 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 December 31, 2022 and March 31, 2022	`CommonStockValue`	$185.00	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$794.82K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$9.09M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-119.60K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-54.50K	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$3.53M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$8.99K	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$6.38M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$675.41K	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$9.03M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$9.83K	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$10.17K	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$24.82K	USD	Point-in-time
TOTAL LIABILITIES, TEMPORARY EQUITY, AND STOCKHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$59.33M	USD	Point-in-time
TOTAL LIABILITIES, TEMPORARY EQUITY, AND STOCKHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$59.53M	USD	Point-in-time

Income Statement 48 line items

Line Item	Tag	Value	Unit	Period
Basic and diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	-	shares	3 Qtrs
Formation and operating costs	`OperatingCostsAndExpenses`	$838.00	USD	1 Quarter
Formation and operating costs	`OperatingCostsAndExpenses`	$718.88K	USD	3 Qtrs
Formation and operating costs	`OperatingCostsAndExpenses`	$170.79K	USD	1 Quarter
Basic and diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.75M	shares	3 Qtrs
Basic and diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	-	shares	1 Quarter
Basic and diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.75M	shares	1 Quarter
Formation and operating costs	`OperatingCostsAndExpenses`	$15.83K	USD	3 Qtrs
Basic and diluted net income (loss) per share	`EarningsPerShareDiluted`	$0.34	USD	3 Qtrs
Franchise tax expenses	`FranchisorCosts`	$26.04K	USD	3 Qtrs
Franchise tax expenses	`FranchisorCosts`	-	USD	3 Qtrs
Franchise tax expenses	`FranchisorCosts`	$12.34K	USD	1 Quarter
Basic and diluted net income (loss) per share	`EarningsPerShareDiluted`	-	USD	1 Quarter
Franchise tax expenses	`FranchisorCosts`	-	USD	1 Quarter
Basic and diluted net income (loss) per share	`EarningsPerShareDiluted`	-	USD	3 Qtrs
Basic and diluted net income (loss) per share	`EarningsPerShareDiluted`	$0.17	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-744.93K	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-15.83K	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-838.00	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-183.14K	USD	1 Quarter
Interest earned on investment held in Trust Account	`InvestmentIncomeInterest`	$850.95K	USD	3 Qtrs
Interest earned on investment held in Trust Account	`InvestmentIncomeInterest`	-	USD	1 Quarter
Interest earned on investment held in Trust Account	`InvestmentIncomeInterest`	$616.02K	USD	1 Quarter
Interest earned on investment held in Trust Account	`InvestmentIncomeInterest`	-	USD	3 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-15.83K	USD	3 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$432.88K	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-838.00	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$106.02K	USD	3 Qtrs
Income taxes provision	`IncomeTaxExpenseBenefit`	$171.12K	USD	1 Quarter
Income taxes provision	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Income taxes provision	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income taxes provision	`IncomeTaxExpenseBenefit`	$171.12K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-65.10K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$261.76K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-14.65K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-15.83K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-79.53K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-247.33K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-838.00	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-336.00	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	3 Qtrs
Basic and diluted weighted average shares outstanding (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	-	shares	1 Quarter
Basic and diluted weighted average shares outstanding (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	5.75M	shares	3 Qtrs
Basic and diluted net income per share (in Dollars per share)	`EarningsPerShareBasic`	-	USD	3 Qtrs
Basic and diluted net income per share (in Dollars per share)	`EarningsPerShareBasic`	$0.34	USD	3 Qtrs
Basic and diluted net income per share (in Dollars per share)	`EarningsPerShareBasic`	$0.17	USD	1 Quarter
Basic and diluted net income per share (in Dollars per share)	`EarningsPerShareBasic`	-	USD	1 Quarter

Cash Flow Statement 42 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-65.10K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$261.76K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-14.65K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-15.83K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-79.53K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-247.33K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-838.00	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-336.00	USD	1 Quarter
Interest earned on investment held in Trust Account	`InterestIncomeSecuritiesUSTreasury`	-	USD	3 Qtrs
Interest earned on investment held in Trust Account	`InterestIncomeSecuritiesUSTreasury`	$850.95K	USD	3 Qtrs
Deferred tax expense	`DeferredIncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Deferred tax expense	`DeferredIncomeTaxExpenseBenefit`	$40.26K	USD	3 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	-	USD	3 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$35.42K	USD	3 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$73.88K	USD	3 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	-	USD	3 Qtrs
Income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	-	USD	3 Qtrs
Income tax payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$130.86K	USD	3 Qtrs
Franchise tax payable	`IncreaseDecreaseInPropertyAndOtherTaxesPayable`	$26.04K	USD	3 Qtrs
Franchise tax payable	`IncreaseDecreaseInPropertyAndOtherTaxesPayable`	-	USD	3 Qtrs
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-15.83K	USD	3 Qtrs
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-680.42K	USD	3 Qtrs
Proceeds from issuance of promissory note to related party	`ProceedsFromRelatedPartyDebt`	-	USD	3 Qtrs
Proceeds from issuance of promissory note to related party	`ProceedsFromRelatedPartyDebt`	$80.00K	USD	3 Qtrs
Payments of deferred offering costs	`PaymentsOfDebtIssuanceCosts`	-	USD	3 Qtrs
Payments of deferred offering costs	`PaymentsOfDebtIssuanceCosts`	$78.11K	USD	3 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	3 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$1.89K	USD	3 Qtrs
Net Change in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-13.94K	USD	3 Qtrs
Net Change in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-680.42K	USD	3 Qtrs
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$279.54K	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 beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$22.50K	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$279.54K	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
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$22.50K	USD	Point-in-time
Accretion of initial measurement of common stock subject to redemption value	`AccretionOfInitialMeasurementOfCommonStockSubjectToRedemptionValue`	-	USD	3 Qtrs
Accretion of initial measurement of common stock subject to redemption value	`AccretionOfInitialMeasurementOfCommonStockSubjectToRedemptionValue`	$7.65M	USD	3 Qtrs
Accretion of subsequent measurement of common stock subject to redemption value	`AccretionOfSubsequentMeasurementOfCommonStockSubjectToRedemptionValue`	-	USD	3 Qtrs
Accretion of subsequent measurement of common stock subject to redemption value	`AccretionOfSubsequentMeasurementOfCommonStockSubjectToRedemptionValue`	$643.74K	USD	3 Qtrs

Stockholders Equity 29 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$3.53M	USD	Point-in-time
Balance	`StockholdersEquity`	$8.99K	USD	Point-in-time
Balance	`StockholdersEquity`	$6.38M	USD	Point-in-time
Balance	`StockholdersEquity`	$675.41K	USD	Point-in-time
Balance	`StockholdersEquity`	$9.03M	USD	Point-in-time
Balance	`StockholdersEquity`	$9.83K	USD	Point-in-time
Balance	`StockholdersEquity`	$10.17K	USD	Point-in-time
Balance	`StockholdersEquity`	$24.82K	USD	Point-in-time
Accretion of initial measurement of common stock subject to redemption value	`StockRedeemedOrCalledDuringPeriodValue`	$-2.69M	USD	1 Quarter
Accretion of initial measurement of common stock subject to redemption value	`StockRedeemedOrCalledDuringPeriodValue`	$-2.56M	USD	1 Quarter
Accretion of initial measurement of common stock subject to redemption value	`StockRedeemedOrCalledDuringPeriodValue`	$-2.41M	USD	1 Quarter
Accretion of subsequent measurement of common stock subject to redemption value	`TemporaryEquityAccretionToRedemptionValueAdjustment`	$-211.18K	USD	1 Quarter
Accretion of subsequent measurement of common stock subject to redemption value	`TemporaryEquityAccretionToRedemptionValueAdjustment`	$-432.56K	USD	1 Quarter
Net income	`NetIncomeLoss`	$-65.10K	USD	3 Qtrs
Net income	`NetIncomeLoss`	$261.76K	USD	1 Quarter
Net income	`NetIncomeLoss`	$-14.65K	USD	1 Quarter
Net income	`NetIncomeLoss`	$-15.83K	USD	3 Qtrs
Net income	`NetIncomeLoss`	$-79.53K	USD	1 Quarter
Net income	`NetIncomeLoss`	$-247.33K	USD	1 Quarter
Net income	`NetIncomeLoss`	$-838.00	USD	1 Quarter
Net income	`NetIncomeLoss`	$-336.00	USD	1 Quarter
Balance	`StockholdersEquity`	$3.53M	USD	Point-in-time
Balance	`StockholdersEquity`	$8.99K	USD	Point-in-time
Balance	`StockholdersEquity`	$6.38M	USD	Point-in-time
Balance	`StockholdersEquity`	$675.41K	USD	Point-in-time
Balance	`StockholdersEquity`	$9.03M	USD	Point-in-time
Balance	`StockholdersEquity`	$9.83K	USD	Point-in-time
Balance	`StockholdersEquity`	$10.17K	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.