10-Q Filing

GOLDENSTONE ACQUISITION LTD. CIK: 1858007 Q2 2024

Filing Information

Form Type	10-Q
Accession Number	`0001213900-23-086917`
Period End Date	20230930
Filing Date	20231114
Fiscal Year	2024
Fiscal Period	Q2
XBRL Instance	f10q0923_goldenstone_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 30 Cash Flow Statement 49 Stockholders Equity 29

Balance Sheet 58 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)	`TemporaryEquityRedemptionPricePerShare`	$10.74	USD	Point-in-time
Common stock subject to possible redemption shares, per share (in Dollars per share)	`TemporaryEquityRedemptionPricePerShare`	$10.46	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
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
Common stock, shares issued	`CommonStockSharesIssued`	1.85M	shares	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
Cash	`Cash`	$9.53K	USD	Point-in-time
Cash	`Cash`	$10.76K	USD	Point-in-time
Dividend receivable	`ReceivablesNetCurrent`	-	USD	Point-in-time
Dividend receivable	`ReceivablesNetCurrent`	$228.90K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$20.00K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$52.50K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$29.53K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$292.17K	USD	Point-in-time
Cash and Investments held in Trust Account	`AssetsHeldInTrustNoncurrent`	$61.79M	USD	Point-in-time
Cash and Investments held in Trust Account	`AssetsHeldInTrustNoncurrent`	$60.16M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$61.82M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$60.45M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$491.01K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$204.88K	USD	Point-in-time
Business combination deposits	`DepositLiabilityCurrent`	$125.00K	USD	Point-in-time
Business combination deposits	`DepositLiabilityCurrent`	$125.00K	USD	Point-in-time
Income tax payable	`TaxesPayableCurrent`	$253.43K	USD	Point-in-time
Income tax payable	`TaxesPayableCurrent`	$176.54K	USD	Point-in-time
Franchise tax payable	`FranchiseTaxPayable`	$13.20K	USD	Point-in-time
Franchise tax payable	`FranchiseTaxPayable`	$12.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.02M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$940.31K	USD	Point-in-time
Deferred tax liability	`DeferredIncomeTaxLiabilitiesNet`	-	USD	Point-in-time
Deferred tax liability	`DeferredIncomeTaxLiabilitiesNet`	$48.07K	USD	Point-in-time
Deferred underwriting discounts and commissions	`DeferredUnderwritingDiscountsAndCommissions`	$2.01M	USD	Point-in-time
Deferred underwriting discounts and commissions	`DeferredUnderwritingDiscountsAndCommissions`	$2.01M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$3.00M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$4.03M	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 redemption value of $10.74 and $10.46 per share as of September 30, 2023 and March 31, 2023, respectively	`TemporaryEquityCarryingAmountAttributableToParent`	$61.75M	USD	Point-in-time
Common stock subject to possible redemption, 5,750,000 shares at redemption value of $10.74 and $10.46 per share as of September 30, 2023 and March 31, 2023, 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 September 30, 2023 and March 31, 2023	`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, 2023 and March 31, 2023	`CommonStockValue`	$185.00	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	-	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-3.97M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-2.10M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-2.10M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$6.38M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-3.97M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$3.53M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-3.51M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$9.03M	USD	Point-in-time
TOTAL LIABILITIES, TEMPORARY EQUITY, AND STOCKHOLDERS DEFICIT	`LiabilitiesAndStockholdersEquity`	$61.82M	USD	Point-in-time
TOTAL LIABILITIES, TEMPORARY EQUITY, AND STOCKHOLDERS DEFICIT	`LiabilitiesAndStockholdersEquity`	$60.45M	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Formation and operating costs	`OperatingCostsAndExpenses`	$355.76K	USD	1 Quarter
Formation and operating costs	`OperatingCostsAndExpenses`	$221.30K	USD	1 Quarter
Formation and operating costs	`OperatingCostsAndExpenses`	$617.88K	USD	2 Qtrs
Formation and operating costs	`OperatingCostsAndExpenses`	$548.09K	USD	2 Qtrs
Franchise tax expenses	`FranchisorCosts`	$11.70K	USD	1 Quarter
Franchise tax expenses	`FranchisorCosts`	$12.50K	USD	1 Quarter
Franchise tax expenses	`FranchisorCosts`	$24.90K	USD	2 Qtrs
Franchise tax expenses	`FranchisorCosts`	$13.70K	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-642.78K	USD	2 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-368.26K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-233.00K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-561.79K	USD	2 Qtrs
Interest earned on investment held in Trust Account	`InvestmentIncomeInterest`	$529.82K	USD	1 Quarter
Interest earned on investment held in Trust Account	`InvestmentIncomeInterest`	$1.24M	USD	2 Qtrs
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
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-79.53K	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-326.86K	USD	2 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$597.30K	USD	2 Qtrs
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$161.57K	USD	1 Quarter
Income taxes provision	`IncomeTaxExpenseBenefit`	$255.19K	USD	2 Qtrs
Income taxes provision	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Income taxes provision	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Income taxes provision	`IncomeTaxExpenseBenefit`	$108.64K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$52.93K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-247.33K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$289.19K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$342.11K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-79.53K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-326.86K	USD	2 Qtrs

Cash Flow Statement 49 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$52.93K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-247.33K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$289.19K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$342.11K	USD	2 Qtrs
Net income (loss)	`NetIncomeLoss`	$-79.53K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-326.86K	USD	2 Qtrs
Interest earned on investment held in Trust Account	`InvestmentIncomeInterestAndDividend`	$234.93K	USD	2 Qtrs
Interest earned on investment held in Trust Account	`InvestmentIncomeInterestAndDividend`	$1.24M	USD	2 Qtrs
Deferred tax expense	`DeferredIncomeTaxExpenseBenefit`	-	USD	2 Qtrs
Deferred tax expense	`DeferredIncomeTaxExpenseBenefit`	$-48.07K	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$76.29K	USD	2 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-32.50K	USD	2 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$48.33K	USD	2 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$286.13K	USD	2 Qtrs
Due to related parties	`IncreaseDecreaseInDueToRelatedParties`	-	USD	2 Qtrs
Due to related parties	`IncreaseDecreaseInDueToRelatedParties`	$110.00K	USD	2 Qtrs
Income tax payable	`IncreaseDecreaseInIncomeTaxes`	$-76.88K	USD	2 Qtrs
Income tax payable	`IncreaseDecreaseInIncomeTaxes`	-	USD	2 Qtrs
Franchise tax payable	`IncreaseDecreaseInFranchiseTaxPayable`	$1.20K	USD	2 Qtrs
Franchise tax payable	`IncreaseDecreaseInFranchiseTaxPayable`	$13.70K	USD	2 Qtrs
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-576.05K	USD	2 Qtrs
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-593.09K	USD	2 Qtrs
Purchase of investment held in Trust Account	`PaymentsToAcquireInvestments`	$675.00K	USD	2 Qtrs
Purchase of investment held in Trust Account	`PaymentsToAcquireInvestments`	-	USD	2 Qtrs
Withdrawal of investment held in Trust Account	`ProceedsFromWithdrawalOfInvestmentHeldInTrustAccount`	-	USD	2 Qtrs
Withdrawal of investment held in Trust Account	`ProceedsFromWithdrawalOfInvestmentHeldInTrustAccount`	$506.85K	USD	2 Qtrs
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	2 Qtrs
Net Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-168.15K	USD	2 Qtrs
Proceeds from working capital and extension loans from related party	`ProceedsFromWorkingCapitalAndExtensionLoansFromRelatedParty`	$760.00K	USD	2 Qtrs
Proceeds from working capital and extension loans from related party	`ProceedsFromWorkingCapitalAndExtensionLoansFromRelatedParty`	-	USD	2 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$760.00K	USD	2 Qtrs
Net Cash Provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	2 Qtrs
Net Change in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-1.23K	USD	2 Qtrs
Net Change in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-576.05K	USD	2 Qtrs
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$959.96K	USD	Point-in-time
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$10.76K	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$9.53K	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$383.91K	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaid`	$380.14K	USD	2 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	2 Qtrs
Cash paid for interest	`InterestPaidNet`	-	USD	2 Qtrs
Cash paid for interest	`InterestPaidNet`	-	USD	2 Qtrs
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	1 Quarter
Accretion of subsequent measurement of common stock subject to redemption value	`AccretionOfSubsequentMeasurementOfCommonStockSubjectToRedemptionValue`	$1.70M	USD	1 Quarter
Accretion of subsequent measurement of common stock subject to redemption value	`AccretionOfSubsequentMeasurementOfCommonStockSubjectToRedemptionValue`	$2.21M	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`	$508.69K	USD	1 Quarter

Stockholders Equity 29 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$-2.10M	USD	Point-in-time
Balance	`StockholdersEquity`	$6.38M	USD	Point-in-time
Balance	`StockholdersEquity`	$-3.97M	USD	Point-in-time
Balance	`StockholdersEquity`	$3.53M	USD	Point-in-time
Balance	`StockholdersEquity`	$-3.51M	USD	Point-in-time
Balance	`StockholdersEquity`	$9.03M	USD	Point-in-time
Balance (in Shares)	`CommonStockSharesOutstanding`	1.85M	shares	Point-in-time
Balance (in Shares)	`CommonStockSharesOutstanding`	1.85M	shares	Point-in-time
Accretion of subsequent measurement of common stock subject to redemption value	`AccretionOfSubsequentMeasurementOfCommonStockSubjectToRedemptionValue`	$211.18K	USD	1 Quarter
Accretion of subsequent measurement of common stock subject to redemption value	`AccretionOfSubsequentMeasurementOfCommonStockSubjectToRedemptionValue`	$1.70M	USD	1 Quarter
Accretion of subsequent measurement of common stock subject to redemption value	`AccretionOfSubsequentMeasurementOfCommonStockSubjectToRedemptionValue`	$2.21M	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`	$508.69K	USD	1 Quarter
Accretion of initial measurement of common stock subject to redemption value	`TemporaryEquityAccretionToRedemptionValueAdjustment`	$2.56M	USD	1 Quarter
Accretion of initial measurement of common stock subject to redemption value	`TemporaryEquityAccretionToRedemptionValueAdjustment`	$2.41M	USD	1 Quarter
Net income (Loss)	`NetIncomeLoss`	$52.93K	USD	1 Quarter
Net income (Loss)	`NetIncomeLoss`	$-247.33K	USD	1 Quarter
Net income (Loss)	`NetIncomeLoss`	$289.19K	USD	1 Quarter
Net income (Loss)	`NetIncomeLoss`	$342.11K	USD	2 Qtrs
Net income (Loss)	`NetIncomeLoss`	$-79.53K	USD	1 Quarter
Net income (Loss)	`NetIncomeLoss`	$-326.86K	USD	2 Qtrs
Balance	`StockholdersEquity`	$-2.10M	USD	Point-in-time
Balance	`StockholdersEquity`	$6.38M	USD	Point-in-time
Balance	`StockholdersEquity`	$-3.97M	USD	Point-in-time
Balance	`StockholdersEquity`	$3.53M	USD	Point-in-time
Balance	`StockholdersEquity`	$-3.51M	USD	Point-in-time
Balance	`StockholdersEquity`	$9.03M	USD	Point-in-time
Balance (in Shares)	`CommonStockSharesOutstanding`	1.85M	shares	Point-in-time
Balance (in Shares)	`CommonStockSharesOutstanding`	1.85M	shares	Point-in-time

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