10-Q Filing

GOLDENSTONE ACQUISITION LTD. CIK: 1858007 Q3 2024

Filing Information

Form Type	10-Q
Accession Number	`0001213900-24-011777`
Period End Date	20231231
Filing Date	20240209
Fiscal Year	2024
Fiscal Period	Q3
XBRL Instance	f10q1223_golden_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 Income Statement 36 Cash Flow Statement 61 Stockholders Equity 39

Balance Sheet 64 line items

Line Item	Tag	Value	Unit	Period
Common stock subject to possible redemption shares	`TemporaryEquitySharesIssued`	4.99M	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`	$10.46	USD	Point-in-time
Common stock subject to possible redemption shares, per share (in Dollars per share)	`TemporaryEquityRedemptionPricePerShare`	$10.95	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`	$10.76K	USD	Point-in-time
Cash	`Cash`	$6.12K	USD	Point-in-time
Dividend receivable	`ReceivablesNetCurrent`	$228.90K	USD	Point-in-time
Dividend receivable	`ReceivablesNetCurrent`	$241.78K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$52.50K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	-	USD	Point-in-time
Total current assets	`AssetsCurrent`	$247.90K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$292.17K	USD	Point-in-time
Cash and Investments held in Trust Account	`AssetsHeldInTrustNoncurrent`	$54.65M	USD	Point-in-time
Cash and Investments held in Trust Account	`AssetsHeldInTrustNoncurrent`	$60.16M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$54.89M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$60.45M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$204.88K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$579.56K	USD	Point-in-time
Working capital and extension loans - related party	`WorkingCapitalLoanRelatedParty`	$1.47M	USD	Point-in-time
Working capital and extension loans - related party	`WorkingCapitalLoanRelatedParty`	$320.00K	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`	$266.56K	USD	Point-in-time
Franchise tax payable	`FranchiseTaxPayableCurrent`	$12.00K	USD	Point-in-time
Franchise tax payable	`FranchiseTaxPayableCurrent`	$17.14K	USD	Point-in-time
Excise payable	`SalesAndExciseTaxPayableCurrentAndNoncurrent`	-	USD	Point-in-time
Excise payable	`SalesAndExciseTaxPayableCurrentAndNoncurrent`	$81.58K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$940.31K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.72M	USD	Point-in-time
Deferred tax liability	`DeferredIncomeTaxLiabilitiesNet`	$50.77K	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`	$4.78M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$3.00M	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, 4,991,461 and 5,750,000 shares at redemption value of $10.95 and $10.46 per share as of December 31, 2023 and March 31, 2023, respectively	`TemporaryEquityCarryingAmountAttributableToParent`	$59.54M	USD	Point-in-time
Common stock subject to possible redemption, 4,991,461 and 5,750,000 shares at redemption value of $10.95 and $10.46 per share as of December 31, 2023 and March 31, 2023, respectively	`TemporaryEquityCarryingAmountAttributableToParent`	$54.66M	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, 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 December 31, 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`	$-4.55M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-2.10M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-3.97M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$-3.51M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$675.41K	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$3.53M	USD	Point-in-time
Total stockholders deficit	`StockholdersEquity`	$9.03M	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`	$-4.55M	USD	Point-in-time
TOTAL LIABILITIES, TEMPORARY EQUITY, AND STOCKHOLDERS DEFICIT	`LiabilitiesAndStockholdersEquity`	$60.45M	USD	Point-in-time
TOTAL LIABILITIES, TEMPORARY EQUITY, AND STOCKHOLDERS DEFICIT	`LiabilitiesAndStockholdersEquity`	$54.89M	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Formation and operating costs	`OperatingCostsAndExpenses`	$823.18K	USD	3 Qtrs
Formation and operating costs	`OperatingCostsAndExpenses`	$170.79K	USD	1 Quarter
Formation and operating costs	`OperatingCostsAndExpenses`	$718.88K	USD	3 Qtrs
Formation and operating costs	`OperatingCostsAndExpenses`	$205.30K	USD	1 Quarter
Franchise tax expenses	`FranchiseTaxExpenses`	$26.04K	USD	3 Qtrs
Franchise tax expenses	`FranchiseTaxExpenses`	$11.50K	USD	1 Quarter
Franchise tax expenses	`FranchiseTaxExpenses`	$12.34K	USD	1 Quarter
Franchise tax expenses	`FranchiseTaxExpenses`	$36.40K	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-216.80K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-859.58K	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-744.93K	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-183.14K	USD	1 Quarter
Interest earned on investment held in Trust Account	`InvestmentIncomeInterest`	$2.22M	USD	3 Qtrs
Interest earned on investment held in Trust Account	`InvestmentIncomeInterest`	$850.95K	USD	3 Qtrs
Interest earned on investment held in Trust Account	`InvestmentIncomeInterest`	$616.02K	USD	1 Quarter
Interest earned on investment held in Trust Account	`InvestmentIncomeInterest`	$983.63K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.36M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$766.82K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$432.88K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$106.02K	USD	3 Qtrs
Income taxes provision	`IncomeTaxExpenseBenefit`	$171.12K	USD	1 Quarter
Income taxes provision	`IncomeTaxExpenseBenefit`	$204.15K	USD	1 Quarter
Income taxes provision	`IncomeTaxExpenseBenefit`	$459.34K	USD	3 Qtrs
Income taxes provision	`IncomeTaxExpenseBenefit`	$171.12K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$562.68K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-65.10K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-247.33K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$261.76K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$52.93K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$289.19K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$904.79K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-79.53K	USD	1 Quarter
Basic weighted average shares outstanding (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	5.75M	shares	1 Quarter
Basic weighted average shares outstanding (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	5.75M	shares	3 Qtrs
Basic weighted average shares outstanding (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	5.75M	shares	1 Quarter
Basic weighted average shares outstanding (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	5.75M	shares	3 Qtrs

Cash Flow Statement 61 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$562.68K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-65.10K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-247.33K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$261.76K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$52.93K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$289.19K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$904.79K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-79.53K	USD	1 Quarter
Interest earned on investment held in Trust Account	`InvestmentIncomeInterest`	$2.22M	USD	3 Qtrs
Interest earned on investment held in Trust Account	`InvestmentIncomeInterest`	$850.95K	USD	3 Qtrs
Interest earned on investment held in Trust Account	`InvestmentIncomeInterest`	$616.02K	USD	1 Quarter
Interest earned on investment held in Trust Account	`InvestmentIncomeInterest`	$983.63K	USD	1 Quarter
Deferred tax expense	`DeferredIncomeTaxExpenseBenefit`	$40.26K	USD	3 Qtrs
Deferred tax expense	`DeferredIncomeTaxExpenseBenefit`	$2.70K	USD	3 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-52.50K	USD	3 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$35.42K	USD	3 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$73.88K	USD	3 Qtrs
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$374.68K	USD	3 Qtrs
Due to related parties	`IncreaseDecreaseInDueToRelatedParties`	$155.00K	USD	3 Qtrs
Due to related parties	`IncreaseDecreaseInDueToRelatedParties`	-	USD	3 Qtrs
Income tax payable	`IncreaseDecreaseInIncomeTaxes`	$130.86K	USD	3 Qtrs
Income tax payable	`IncreaseDecreaseInIncomeTaxes`	$13.13K	USD	3 Qtrs
Franchise tax payable	`IncreaseDecreaseInFranchiseTaxPayable`	$26.04K	USD	3 Qtrs
Franchise tax payable	`IncreaseDecreaseInFranchiseTaxPayable`	$5.14K	USD	3 Qtrs
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-715.75K	USD	3 Qtrs
Net Cash Used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-680.42K	USD	3 Qtrs
Cash withdrawn from Trust Account for payment to redeeming stockholders	`PaymentOfCashWithdrawnFromTrustAccountForPaymentToRedeemingStockholders`	-	USD	3 Qtrs
Cash withdrawn from Trust Account for payment to redeeming stockholders	`PaymentOfCashWithdrawnFromTrustAccountForPaymentToRedeemingStockholders`	$-8.16M	USD	3 Qtrs
Purchase of investment held in Trust Account	`PaymentsToAcquireInvestments`	$975.00K	USD	3 Qtrs
Purchase of investment held in Trust Account	`PaymentsToAcquireInvestments`	-	USD	3 Qtrs
Withdrawal of investment held in Trust Account	`ProceedsFromWithdrawalOfInvestmentHeldInTrustAccount`	-	USD	3 Qtrs
Withdrawal of investment held in Trust Account	`ProceedsFromWithdrawalOfInvestmentHeldInTrustAccount`	$538.11K	USD	3 Qtrs
Net Cash Provided by Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$7.72M	USD	3 Qtrs
Net Cash Provided by Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	3 Qtrs
Redemption of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	3 Qtrs
Redemption of common stock	`PaymentsForRepurchaseOfCommonStock`	$8.16M	USD	3 Qtrs
Proceeds from working capital and extension loans from related party	`ProceedsFromWorkingCapitalAndExtensionLoansFromRelatedParty`	$1.15M	USD	3 Qtrs
Proceeds from working capital and extension loans from related party	`ProceedsFromWorkingCapitalAndExtensionLoansFromRelatedParty`	-	USD	3 Qtrs
Net Cash Used in Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	3 Qtrs
Net Cash Used in Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-7.01M	USD	3 Qtrs
Net Change in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-4.65K	USD	3 Qtrs
Net Change in Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-680.42K	USD	3 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 beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$279.54K	USD	Point-in-time
Cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$6.12K	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$959.96K	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$10.76K	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$279.54K	USD	Point-in-time
Cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$6.12K	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	3 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	$443.50K	USD	3 Qtrs
Cash paid for interest	`InterestPaidNet`	-	USD	3 Qtrs
Cash paid for interest	`InterestPaidNet`	-	USD	3 Qtrs
Excise tax payable attributable to redemption of common stock	`ExciseTaxPayableAttributableToRedemptionOfCommonStock`	$81.58K	USD	3 Qtrs
Excise tax payable attributable to redemption of common stock	`ExciseTaxPayableAttributableToRedemptionOfCommonStock`	$81.58K	USD	1 Quarter
Excise tax payable attributable to redemption of common stock	`ExciseTaxPayableAttributableToRedemptionOfCommonStock`	-	USD	3 Qtrs
Accretion of initial measurement of common stock subject to redemption value	`AccretionOfInitialMeasurementOfCommonStockSubjectToRedemptionValue`	$7.65M	USD	3 Qtrs
Accretion of initial measurement of common stock subject to redemption value	`AccretionOfInitialMeasurementOfCommonStockSubjectToRedemptionValue`	-	USD	3 Qtrs
Accretion of subsequent measurement of common stock subject to redemption value	`AccretionOfSubsequentMeasurementOfCommonStockSubjectToRedemptionValue`	$643.74K	USD	3 Qtrs
Accretion of subsequent measurement of common stock subject to redemption value	`AccretionOfSubsequentMeasurementOfCommonStockSubjectToRedemptionValue`	$3.28M	USD	3 Qtrs

Stockholders Equity 39 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$-3.97M	USD	Point-in-time
Balance	`StockholdersEquity`	$-3.51M	USD	Point-in-time
Balance	`StockholdersEquity`	$675.41K	USD	Point-in-time
Balance	`StockholdersEquity`	$3.53M	USD	Point-in-time
Balance	`StockholdersEquity`	$9.03M	USD	Point-in-time
Balance	`StockholdersEquity`	$-2.10M	USD	Point-in-time
Balance	`StockholdersEquity`	$6.38M	USD	Point-in-time
Balance	`StockholdersEquity`	$-4.55M	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	`TemporaryEquityAccretionToRedemptionValue`	$1.07M	USD	1 Quarter
Accretion of subsequent measurement of common stock subject to redemption value	`TemporaryEquityAccretionToRedemptionValue`	$432.56K	USD	1 Quarter
Accretion of subsequent measurement of common stock subject to redemption value	`TemporaryEquityAccretionToRedemptionValue`	$508.69K	USD	1 Quarter
Accretion of subsequent measurement of common stock subject to redemption value	`TemporaryEquityAccretionToRedemptionValue`	$211.18K	USD	1 Quarter
Accretion of subsequent measurement of common stock subject to redemption value	`TemporaryEquityAccretionToRedemptionValue`	$1.70M	USD	1 Quarter
Excise tax payable attributable to redemption of common stock	`ExciseTaxPayableAttributableToRedemptionOfCommonStock`	$81.58K	USD	3 Qtrs
Excise tax payable attributable to redemption of common stock	`ExciseTaxPayableAttributableToRedemptionOfCommonStock`	$81.58K	USD	1 Quarter
Excise tax payable attributable to redemption of common stock	`ExciseTaxPayableAttributableToRedemptionOfCommonStock`	-	USD	3 Qtrs
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`	$2.69M	USD	1 Quarter
Accretion of initial measurement of common stock subject to redemption value	`TemporaryEquityAccretionToRedemptionValueAdjustment`	$2.41M	USD	1 Quarter
Net income (Loss)	`NetIncomeLoss`	$562.68K	USD	1 Quarter
Net income (Loss)	`NetIncomeLoss`	$-65.10K	USD	3 Qtrs
Net income (Loss)	`NetIncomeLoss`	$-247.33K	USD	1 Quarter
Net income (Loss)	`NetIncomeLoss`	$261.76K	USD	1 Quarter
Net income (Loss)	`NetIncomeLoss`	$52.93K	USD	1 Quarter
Net income (Loss)	`NetIncomeLoss`	$289.19K	USD	1 Quarter
Net income (Loss)	`NetIncomeLoss`	$904.79K	USD	3 Qtrs
Net income (Loss)	`NetIncomeLoss`	$-79.53K	USD	1 Quarter
Balance	`StockholdersEquity`	$-3.97M	USD	Point-in-time
Balance	`StockholdersEquity`	$-3.51M	USD	Point-in-time
Balance	`StockholdersEquity`	$675.41K	USD	Point-in-time
Balance	`StockholdersEquity`	$3.53M	USD	Point-in-time
Balance	`StockholdersEquity`	$9.03M	USD	Point-in-time
Balance	`StockholdersEquity`	$-2.10M	USD	Point-in-time
Balance	`StockholdersEquity`	$6.38M	USD	Point-in-time
Balance	`StockholdersEquity`	$-4.55M	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.