Company: GCL
Filing Date: 2025-07-31
Form Type: 424B3
Source: 0001213900-25-070094
Chunk: 188

Company: GCL Global Holdings Ltd
Filing Date: 2025-07-31
Form: 424B3
Chunk 188
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 factors include viewer engagement, viewer location, the type
of advertisements, the number of advertisements engaged with, and more. The transaction price will be entitled to be received by the Company
upon monthly settlement with the social media platform. Consequently, the Company has determined that revenue from social media advertising
is recognized at a point in time when it is probable that a significant reversal of the revenue recognized will not occur.

Cost of revenue from social
media marketing service consist of video production related cost such as labor and production supplies.

<div align='center'>F-18

GCL GLOBAL HOLDINGS LTD AND ITS SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</div>

The Company has elected to
apply the practical expedient to expense costs as incurred for incremental costs to obtain a contract when the amortization period would
have been one year or less. As of March 31, 2025, 2024 and 2023, the Company did not incur any incremental costs to obtain contract.

As of March 31, 2025 and 2024, the Company did
not have any contract assets.

The Company recognized advance
payments from its customer prior to revenue recognition as contract liability until the revenue recognition performance obligations are
met. As of March 31, 2025 and 2024, the contract liabilities amounted to $505,323 and $209,903, respectively. For the years ended
March 31, 2025, 2024, and 2023, revenue recognized that was included in the beginning period contract liabilities balance amounted to
$209,903, $363,726, and $433,924, respectively. As of March 31, 2025 and 2024, there were no contracts with performance obligations
beyond twelve months for revenue recognition.

Disaggregated information of revenues by products/services
are as follows:

|                                      |     | For                       
 the Years Ended March 31, |        2025 |     |   |       2024 |     |   |       2023 |
|:-------------------------------------|:----|:--------------------------|------------:|:----|:--|-----------:|:----|:--|-----------:|
| Console game                         |     | $                         |  36,082,735 |     | $ | 38,429,942 |     | $ | 39,499,316 |
| Console game code                    |     |                           |  87