10-K Filing

GOLDENSTONE ACQUISITION LTD. CIK: 1858007 FY 2022

Filing Information

Form Type	10-K
Accession Number	`0001213900-23-057123`
Period End Date	20230331
Filing Date	20230714
Fiscal Year	2022
Fiscal Period	FY
XBRL Instance	f10k2023_goldenstone_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 59 Income Statement 22 Cash Flow Statement 59 Stockholders Equity 22

Balance Sheet 59 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`	$10.46	USD	Point-in-time
Cash	`Cash`	$10.76K	USD	Point-in-time
Cash	`Cash`	$959.96K	USD	Point-in-time
Dividend receivable	`ReceivablesNetCurrent`	$228.90K	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
Dividend receivable	`ReceivablesNetCurrent`	-	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`	$52.50K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$2.50K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$962.46K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	1.85M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$292.17K	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
Investments held in Trust Account	`AssetsHeldInTrustNoncurrent`	$60.16M	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
TOTAL ASSETS	`Assets`	$60.45M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$59.33M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$798.00	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$204.88K	USD	Point-in-time
Working capital loan - related party	`WorkingCapitalLoanRelatedParty`	$320.00K	USD	Point-in-time
Working capital loan - related party	`WorkingCapitalLoanRelatedParty`	-	USD	Point-in-time
Due to related parties	`DueToRelatedParties`	$25.00K	USD	Point-in-time
Due to related parties	`DueToRelatedParties`	-	USD	Point-in-time
Business combination deposits	`DepositLiabilityCurrent`	$125.00K	USD	Point-in-time
Business combination deposits	`DepositLiabilityCurrent`	-	USD	Point-in-time
Income tax payable	`TaxesPayableCurrent`	-	USD	Point-in-time
Income tax payable	`TaxesPayableCurrent`	$253.43K	USD	Point-in-time
Franchise tax payable	`FranchiseTaxPayable`	$11.80K	USD	Point-in-time
Franchise tax payable	`FranchiseTaxPayable`	$12.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$940.31K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$12.60K	USD	Point-in-time
Deferred tax liability	`DerivativeLiabilitiesNoncurrent`	-	USD	Point-in-time
Deferred tax liability	`DerivativeLiabilitiesNoncurrent`	$48.07K	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`	$3.00M	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 $10.46 and $10.15 per share as of March 31, 2023 and 2022, respectively	`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 $10.46 and $10.15 per share as of March 31, 2023 and 2022, respectively	`TemporaryEquityCarryingAmountAttributableToParent`	$59.54M	USD	Point-in-time
Common stock, $0.0001 par value, 15,000,000 shares authorized, 1,846,250 shares issued and outstanding as of March 31, 2023 and 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 March 31, 2023 and 2022	`CommonStockValue`	$185.00	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$9.09M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-2.10M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-54.50K	USD	Point-in-time
Total stockholders (deficit) equity	`StockholdersEquity`	$-2.10M	USD	Point-in-time
Total stockholders (deficit) equity	`StockholdersEquity`	$9.03M	USD	Point-in-time
Total stockholders (deficit) equity	`StockholdersEquity`	$24.82K	USD	Point-in-time
TOTAL LIABILITIES, TEMPORARY EQUITY, AND STOCKHOLDERS (DEFICIT) EQUITY	`LiabilitiesAndStockholdersEquity`	$59.33M	USD	Point-in-time
TOTAL LIABILITIES, TEMPORARY EQUITY, AND STOCKHOLDERS (DEFICIT) EQUITY	`LiabilitiesAndStockholdersEquity`	$60.45M	USD	Point-in-time

Income Statement 22 line items

Line Item	Tag	Value	Unit	Period
Basic and diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	5.75M	shares	Annual
Basic and diluted weighted average shares outstanding	`WeightedAverageNumberOfDilutedSharesOutstanding`	157,534.00	shares	Annual
Formation and operating costs	`OperatingCostsAndExpenses`	$998.74K	USD	Annual
Formation and operating costs	`OperatingCostsAndExpenses`	$43.40K	USD	Annual
Franchise tax expenses	`FranchisorCosts`	$38.04K	USD	Annual
Basic and diluted net income (loss) per share	`EarningsPerShareDiluted`	$1.44	USD	Annual
Basic and diluted net income (loss) per share	`EarningsPerShareDiluted`	$0.50	USD	Annual
Franchise tax expenses	`FranchisorCosts`	$12.25K	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-1.04M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-55.65K	USD	Annual
Interest earned on investment held in Trust Account	`InvestmentIncomeInterest`	$2.20K	USD	Annual
Interest earned on investment held in Trust Account	`InvestmentIncomeInterest`	$1.48M	USD	Annual
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$447.01K	USD	Annual
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-53.45K	USD	Annual
Income taxes provision	`IncomeTaxExpenseBenefit`	$301.50K	USD	Annual
Income taxes provision	`IncomeTaxExpenseBenefit`	-	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-53.45K	USD	Annual
Net income (loss)	`NetIncomeLoss`	$145.51K	USD	Annual
Basic and diluted weighted average shares outstanding (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	5.75M	shares	Annual
Basic and diluted weighted average shares outstanding (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	157,534.00	shares	Annual
Basic and diluted net income per share (in Dollars per share)	`EarningsPerShareBasic`	$0.50	USD	Annual
Basic and diluted net income per share (in Dollars per share)	`EarningsPerShareBasic`	$1.44	USD	Annual

Cash Flow Statement 59 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-53.45K	USD	Annual
Net income (loss)	`NetIncomeLoss`	$145.51K	USD	Annual
Interest earned on investment held in Trust Account	`InterestIncomeSecuritiesUSTreasury`	$2.20K	USD	Annual
Interest earned on investment held in Trust Account	`InterestIncomeSecuritiesUSTreasury`	$1.48M	USD	Annual
Deferred tax expense	`DeferredIncomeTaxExpenseBenefit`	-	USD	Annual
Deferred tax expense	`DeferredIncomeTaxExpenseBenefit`	$48.07K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$2.50K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$50.00K	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$798.00	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$204.08K	USD	Annual
Due to related parties	`IncreaseDecreaseInDueToRelatedParties`	$25.00K	USD	Annual
Due to related parties	`IncreaseDecreaseInDueToRelatedParties`	-	USD	Annual
Income tax payable	`IncreaseDecreaseInIncomeTaxes`	$253.43K	USD	Annual
Income tax payable	`IncreaseDecreaseInIncomeTaxes`	-	USD	Annual
Franchise tax payable	`IncreaseDecreaseInSelfInsuranceReserve`	$200.00	USD	Annual
Franchise tax payable	`IncreaseDecreaseInSelfInsuranceReserve`	$11.80K	USD	Annual
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-45.55K	USD	Annual
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-857.49K	USD	Annual
Deposit of cash held in Trust Account	`PaymentsToAcquireHeldToMaturitySecurities`	$575.00K	USD	Annual
Purchase of investment held in Trust Account	`PaymentsToAcquireInvestments`	$58.36M	USD	Annual
Withdrawal of investment held in Trust Account	`ProceedsFromSaleOfAvailableForSaleSecuritiesDebt`	$38.29K	USD	Annual
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-536.71K	USD	Annual
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-58.36M	USD	Annual
Proceeds from sale of public units through public offering	`ProceedsFromIssuanceInitialPublicOffering`	-	USD	Annual
Proceeds from sale of public units through public offering	`ProceedsFromIssuanceInitialPublicOffering`	$57.50M	USD	Annual
Proceeds from sale of private placement units	`ProceedsFromIssuanceOfWarrants`	-	USD	Annual
Proceeds from sale of private placement units	`ProceedsFromIssuanceOfWarrants`	$3.51M	USD	Annual
Proceeds from sale of unit purchase options	`ProceedsFromOtherEquity`	-	USD	Annual
Proceeds from sale of unit purchase options	`ProceedsFromOtherEquity`	$100.00	USD	Annual
Payment of underwriters discount and commissions	`PaymentsForRepurchaseOfPrivatePlacement`	-	USD	Annual
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`	-	USD	Annual
Repayments of promissory note to related party	`RepaymentsOfRelatedPartyDebt`	-	USD	Annual
Repayments of promissory note to related party	`RepaymentsOfRelatedPartyDebt`	$184.13K	USD	Annual
Proceeds from working capital loan from related party	`ProceedsFromOtherShortTermDebt`	$320.00K	USD	Annual
Proceeds from working capital loan from related party	`ProceedsFromOtherShortTermDebt`	-	USD	Annual
Business combination deposits	`IncreaseDecreaseInTimeDeposits`	-	USD	Annual
Business combination deposits	`IncreaseDecreaseInTimeDeposits`	$125.00K	USD	Annual
Payments of deferred offering costs	`PaymentsOfDebtIssuanceCosts`	-	USD	Annual
Payments of deferred offering costs	`PaymentsOfDebtIssuanceCosts`	$456.90K	USD	Annual
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$59.33M	USD	Annual
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$445.00K	USD	Annual
Net Change in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$923.52K	USD	Annual
Net Change in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-949.20K	USD	Annual
Cash at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$36.45K	USD	Point-in-time
Cash at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$959.96K	USD	Point-in-time
Cash at end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$959.96K	USD	Point-in-time
Cash at end of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$10.76K	USD	Point-in-time
Deferred underwriting discounts and commissions	`NoncashOrPartNoncashAcquisitionOtherAssetsAcquired1`	$2.01M	USD	Annual
Offering costs charged against additional paid-in capital	`OfferingCostsChargedAgainstAdditionalPaidinCapital`	$62.50K	USD	Annual
Issuance of representative shares	`DebtConversionConvertedInstrumentAmount1`	$441.02K	USD	Annual
Fair value of unit purchase options	`FairValueOfAssetsAcquired`	$208.09K	USD	Annual
Reclassification of common stock subject to redemption	`StockIssued1`	$57.50M	USD	Annual
Proceeds allocated to public warrants and public rights	`ProceedsAllocatedToPublicWarrantsAndPublicRights`	$5.58M	USD	Annual
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`	$10.09M	USD	Annual
Accretion of initial measurement of common stock subject to redemption value	`AccretionOfInitialMeasurementOfCommonStockSubjectToRedemptionValue`	$257.49K	USD	Annual
Accretion of subsequent measurement of common stock subject to redemption value	`AccretionOfSubsequentMeasurementOfCommonStockSubjectToRedemptionValue`	$1.18M	USD	Annual

Stockholders Equity 22 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$-2.10M	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	`StockIssuedDuringPeriodValueNewIssues`	$57.50M	USD	Annual
Sale of private placement units	`StockIssuedDuringPeriodValueIssuedForServices`	$3.51M	USD	Annual
Issuance of representative shares	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	$441.02K	USD	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`	$5.58M	USD	Annual
Allocation of offering costs to common stock subject to redemption	`StockRepurchasedDuringPeriodValue`	$3.91M	USD	Annual
Accretion of initial measurement of common stock subject to redemption value	`AccretionOfInitialMeasurementOfCommonStockSubjectToRedemptionValue`	$10.09M	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	`StockRedeemedOrCalledDuringPeriodValue`	$-10.09M	USD	Annual
Accretion of subsequent measurement of common stock subject to redemption value	`TemporaryEquityAccretionToRedemptionValueAdjustment`	$-1.18M	USD	Annual
Net income (loss)	`ProfitLoss`	$-53.45K	USD	Annual
Net income (loss)	`ProfitLoss`	$145.51K	USD	Annual
Balance	`StockholdersEquity`	$-2.10M	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.