Company: GCL
Filing Date: 2025-03-17
Form Type: DRS
Source: 0001213900-25-024502
Chunk: 324

Company: GCL Global Holdings Ltd
Filing Date: 2025-03-17
Form: DRS
Chunk 324
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 decreased to reflect the lease payments made during the period. Interest expense on the lease
liability is determined each period during the lease term..

The
Company reviews the impairment of its ROU assets consistent with the approach applied for its other long-lived assets. The Company reviews
the recoverability of its long-lived assets when events or changes in circumstances occur that indicate that the carrying value of the
asset may not be recoverable. The assessment of possible impairment is based on its ability to recover the carrying value of the asset
from the expected undiscounted future pre-tax cash flows of the related operations. The Company has elected to include the carrying amount
of operating lease liabilities in any tested asset group and include the associated operating lease payments in the undiscounted future
pre-tax cash flows. For the six months ended September 30, 2024 and 2023, the Company did not recognize impairment loss on its finance
and operating lease ROU assets.

The
Company identifies related parties, accounts for and discloses related party transactions in accordance with ASC 850, “Related
Party Disclosures” and other relevant ASC standards.

Corporations
or individual parties are considered to be related if they have the ability, directly or indirectly, to control the Company or exercise
significant influence over the Company in making financial and operating decisions. Entities are also considered to be related if they
are subject to common control or common significant influence.

<div align='center'>F-75

GCL GLOBAL LIMITED AND ITS SUBSIDIARIES

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</div>

Transactions
involving related parties cannot be presumed to be carried out on an arm’s-length basis, as the requisite conditions of competitive,
free market dealings may not exist. Representations about transactions with related parties, if made, shall not imply that the related
party transactions were consummated on terms equivalent to those that prevail in arm’s-length transactions unless such representations
can be substantiated.

The
Company adheres to ASC 450, “Contingencies” for the recognition, measurement, and disclosure of commitments and contingencies.
Contingencies, representing uncertainties related to potential liabilities or gains stemming from past events, are evaluated based on
available information, legal counsel advice, and historical experience. The Company records accruals for losses when it is probable and
reasonably estimable.

The Company
considers the applicability and impact of all accounting standards updates (“ASUs”