Company: GCL
Filing Date: 2025-04-08
Form Type: 424B3
Source: 0001213900-25-029989
Chunk: 333

Company: GCL Global Holdings Ltd
Filing Date: 2025-04-08
Form: 424B3
Chunk 333
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   |           |   |     | March 31, 
 2024      |         |   |
|:------------------------------------------------------|:----|:--------------|----------:|:--|:----|:----------|--------:|:--|
| Deposits (i)                                          |     | $             |   247,313 |   |     | $         |  42,832 |   |
| Prepaid expenses (ii)                                 |     |               |   375,205 |   |     |           |  18,279 |   |
| Prepaid income tax (iii)                              |     |               |    23,771 |   |     |           |  23,366 |   |
| GST recoverable and prepaid income tax (iv)           |     |               |   134,676 |   |     |           | 232,367 |   |
| Other receivables (v)                                 |     |               |   288,252 |   |     |           | 197,102 |   |
| Less: allowance for credit loss                       |     |               |   (27,264 | ) |     |           | (52,949 | ) |
| Total other receivables and other current assets, net |     | $             | 1,041,953 |   |     | $         | 460,997 |   |

| (i) | Deposits |

The balance
of deposit mainly comprised deposits made for rental and utility service of the Company.

| (ii) | Prepaid expenses |

The balance
of prepaid expenses represented prepayment for services, such as subscription fees and advertising expenses.

<div align='center'>F-81

GCL GLOBAL LIMITED AND ITS SUBSIDIARIES

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</div>

| (iii) | Prepaid income tax |

The balance
of prepaid income tax represents prepaid estimated income tax from the Company’s HK, Malaysia, and Singapore subsidiaries.

| (iv) | GST recoverable |

The balance
of GST recoverable represented the amount of GST, which resulted from historical purchasing activities and could be further used for
deducting future GST in Singapore.

| (v) | Other receivables |

The balance
of other receivables mainly represented balance due from vendor for marketing expense paid on behalf.

Movement of
allowance for credit loss for the six months ended September