Company: GCL
Filing Date: 2025-09-05
Form Type: F-1/A
Source: 0001213900-25-085150
Chunk: 206

Company: GCL Global Holdings Ltd
Filing Date: 2025-09-05
Form: F-1/A
Chunk 206
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 platform can derive
substantial economic benefit from monetizing the video content. The revenue generated is contingent on a profit- sharing arrangement
with the social media platform and is assessed based on multiple factors. These 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.

F-18 GCL GLOBAL HOLDINGS LTD AND ITS SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

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 $ and $, 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
$, $, and $, 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,