Company: GCL
Filing Date: 2025-09-05
Form Type: F-1/A
Source: 0001213900-25-085150
Chunk: 207

Company: GCL Global Holdings Ltd
Filing Date: 2025-09-05
Form: F-1/A
Chunk 207
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499,316 |
| Console game code                    |     |                           |  87,180,808 |     |   | 52,588,862 |     |   | 28,575,826 |
| Console game– subtotal               |     |                           | 123,263,543 |     |   | 91,018,804 |     |   | 68,075,142 |
| Game publishing                      |     |                           |  16,029,523 |     |   |  3,431,680 |     |   |  6,103,312 |
| Video marketing campaign services    |     |                           |   1,815,420 |     |   |  2,128,589 |     |   |  2,486,844 |
| Social media advertising services    |     |                           |     422,944 |     |   |    587,500 |     |   |    778,857 |
| Media advertising services- subtotal |     |                           |   2,238,364 |     |   |  2,716,089 |     |   |  3,265,701 |
| Other revenue                        |     |                           |     541,156 |     |   |    368,128 |     |   |          — |
| Total revenues                       |     | $                         | 142,072,586 |     | $ | 97,534,701 |     | $ | 77,444,155 |

Warranty

The Company generally provides
limited warranties for its products sold. At the time a sale is recognized, the Company records estimated future warranty costs under
ASC 460. Such estimated costs for warranties are estimated at time of delivery and these warranties are not service warranties separately
sold by the Company. Generally, the estimated claim rates of warranty are based on actual warranty experience or the Company’s
best estimate. As the historical claim rates of warranty were immaterial, the Company did not accrue warranty reserves as of March 31,
2025 and 2024.

Advertisement expense

Advertising is mainly through
online and offline promotion activities. Advertisement expenses amounted to $, $ and $ for the years ended
March 31, 2025, 2024, and 2023, respectively.

Deferred merger costs

Deferred merger costs consist
primarily of expenses paid to attorneys, underwriters, and others direct costs related to the Merger. Should