Company: GCL
Filing Date: 2025-04-08
Form Type: 424B3
Source: 0001213900-25-029989
Chunk: 243

Company: GCL Global Holdings Ltd
Filing Date: 2025-04-08
Form: 424B3
Chunk 243
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 in circumstances indicate that the carrying amount of such assets may not be recoverable. Determination
of recoverability is based on an estimate of undiscounted future cash flows resulting from the use of the asset and its eventual disposition.
Measurement of any impairment loss for identifiable intangible assets is based on the amount by which the carrying amount of the assets
exceeds its fair value determined by using a discounted cash flow model.

Goodwill represents the excess of the consideration
paid of an acquisition over the fair value of the net identifiable assets of the acquired subsidiaries at the date of acquisition. Goodwill
is not amortized and is tested for impairment at least annually, more often when circumstances indicate impairment may have occurred.
Goodwill is carried at cost less accumulated impairment losses. If impairment exists, goodwill is immediately written off to its fair
value and the loss is recognized in the consolidated statements of operations and comprehensive loss. Impairment losses on goodwill are
not reversed.

The Company reviews the carrying value of intangible
assets not subject to amortization, including goodwill, to determine whether impairment may exist annually or more frequently if events
and circumstances indicate that it is more likely than not that an impairment has occurred. Management has determined that the Company
has two reporting unit within the entity at which goodwill is monitored for internal management purposes.

The table below summarizes the changes in the carrying amount
of goodwill for each reporting unit:

| Balance at March 31, 2022 |     | Console 
 game    |         — |     | Game Publishing | — |     | Media advertising service | — |     | Others |       — |     | Total |         — |
|:--------------------------|:----|:--------|----------:|:----|:----------------|:--|:----|:--------------------------|:--|:----|:-------|--------:|:----|:------|----------:|
| Acquired goodwill         |     |         | 2,047,154 |     |                 | — |     |                           | — |     |        |       — |     |       | 2,047,154 |
| Impairments               |     |         |         — |     |                 | — |     |                           | — |     |        |       — |     |       |         — |
| Balance at March 31, 2023 |     | $       | 2,047,154 |     | $               | — |     | $                         | — |     | $