Company: GCL
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001213900-25-069672
Chunk: 214

Company: GCL Global Holdings Ltd
Filing Date: 2025-07-31
Form: 20-F
Item: Item 19
Chunk 214
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 publishing                                         2,604,231                      2,282,228  
  Receivables from advertising service                                       285,127                        332,540  
  Less: Allowance for credit loss                                          ( 248,956                      ( 325,457  
  Accounts receivable, net                                 $              25,761,683      $              17,413,086  

F-35

GCL GLOBAL HOLDINGS LTD
AND ITS SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

Movement of credit loss for the years ended March
31, 2025, 2024, and 2023 are as follows:

                              March 31,                    March 31,                   March 31,               
                              2025                         2024                        2023                    
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Beginning balance           $               325,457      $               55,533      $               12,588  
  (Recovery) Addition                        ( 76,725                     277,273                      42,878  
  Write-off                                         -                           -                     ( 1,521  
  Translation adjustment                          224                     ( 7,349                       1,588  
  Ending balance              $               248,956      $              325,457      $               55,533  

Note 7 - Inventories, net

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

                                           March 31,                     March 31,                 
                                           2025                          2024                      
 ───────────────────────────────────────────────────────────────────────────────────────────────────
  Physical console game compact discs      $              5,936,223      $              4,826,217  

For the years ended March
31, 2025, 2024, and 2023, the impairment for inventories was amounted to $211,356, $468,941and $288,604respectively.

Note 8 - Other receivables and other current assets, net

As of March 31, 2025 and 2024, other receivables
and other current assets, net comprised of the following:

                                                             March 31,                     March 31,                
                                                             2025                          2024                     
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────