Company: GCL
Filing Date: 2025-03-17
Form Type: DRS
Source: 0001213900-25-024502
Chunk: 273

Company: GCL Global Holdings Ltd
Filing Date: 2025-03-17
Form: DRS
Chunk 273
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Note 5 — Inventories, net

Inventories are stated at lower of cost or net realizable
value, which is determined using the weighted average method.

|                                     |     |   | March 31, 
      2024 |     |   | March 31, 
      2023 |
|:------------------------------------|:----|:--|----------:|:----|:--|----------:|
| Physical console game compact discs |     | $ | 4,826,217 |     | $ | 3,072,146 |

For the years ended March 31, 2024 and
2023, the impairment for inventories were amounted to $468,941 and $288,604 respectively.

Note 6 — Other receivables and other current assets, net

As of March 31, 2024 and 2023, other receivables
and other current assets, net were comprised of the following:

|                                                       |     |   | March 31, 
      2024 |   |     |   | March 31, 
      2023 |   |
|:------------------------------------------------------|:----|:--|----------:|:--|:----|:--|----------:|:--|
| Deposits(i)                                           |     | $ |    42,832 |   |     | $ |    19,374 |   |
| Prepaid expenses(ii)                                  |     |   |    18,279 |   |     |   |   171,302 |   |
| Prepaid income tax(iii)                               |     |   |    23,366 |   |     |   |   351,744 |   |
| GST recoverable and prepaid income tax(iv)            |     |   |   232,367 |   |     |   |    12,612 |   |
| Other receivables(v)                                  |     |   |   197,102 |   |     |   |   389,534 |   |
| Less: allowance for credit loss                       |     |   |   (52,949 | ) |     |   |    (3,747 | ) |
| Total other receivables and other current assets, net |     | $ |   460,997 |   |     | $ |   940,819 |   |

| (i) | Deposits |

The balance of