Company: GCL
Filing Date: 2025-04-03
Form Type: F-1
Source: 0001213900-25-028608
Chunk: 174

Company: GCL Global Holdings Ltd
Filing Date: 2025-04-03
Form: F-1
Chunk 174
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189,180 | ) |     | $           |  6,138,119 |   |
| Net cash (used in) provided by investing activities        |     |                          |    (76,681 | ) |     |             |     20,720 |   |
| Net cash provided by (used in) financing activities        |     |                          |  8,528,017 |   |     |             | (4,046,664 | ) |
| Effect of exchange rate change on cash and restricted cash |     |                          |   (291,172 | ) |     |             |   (102,441 | ) |
| Net change in cash and restricted cash                     |     | $                        |  5,970,984 |   |     | $           |  2,009,734 |   |

Operating activities

Net cash used in operating activities was approximately $2.2 million for the six months ended September 30, 2024. The net cash used in operating activities was primarily attributable to (i) approximately $0.8 million net loss (ii) approximately $5.0 million increase in indefinite-lived intangible assets, (iii) approximately $3.6 million increase in prepayment, (iv) approximately $1.6 million increase in inventories as we maintain higher inventory level to meet with the demand, and (v) approximately $1.0 million decrease in other payable and accrued liabilities, offset by (i) approximately $5.9 million decrease in accounts receivable as we collected more fund from sales, (ii) approximately $3.0 million increase in accounts payable as we increase our purchase on account to meet with the demand of our product, (iii) approximately $1.6 million increase in contract liabilities as we received more deposit from our customers for their future purchases.

Net cash provided by operating activities was approximately $6.1 million for the six months ended September 30, 2023. The net cash provided by operating activities was primarily attributable to (i) approximately $3.3 million decrease in accounts receivable, as we collect more sales, (ii) approximately $1.7 million decrease in indefinite-lived intangible assets as we improve our turnover rate in console game codes and lead to increase console game codes sales revenue, (iii) approximately $1.6 million increase in accounts payable including related party as we increase our purchase on account to meet with the demand of our product, (iv) approximately $2.2