Company: GCL
Filing Date: 2025-04-08
Form Type: 424B3
Source: 0001213900-25-029989
Chunk: 316

Company: GCL Global Holdings Ltd
Filing Date: 2025-04-08
Form: 424B3
Chunk 316
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 |       183,638 |
| Media advertising services- subtotal |     |                          |       820,412 |     |            |     1,306,960 |
| Other revenue                        |     |                          |       129,666 |     |            |       209,917 |
| Total revenues                       |     | $                        |    50,905,705 |     | $          |    36,088,569 |

The
Company generally provides limited warranties for its products sold. At the time a sale is recognized, the Company records estimated
future warranty costs under ASC 460. Such estimated costs for warranties are estimated at time of delivery and these warranties are not
service warranties separately sold by the Company. Generally, the estimated claim rates of warranty are based on actual warranty experience
or the Company’s best estimate. As the historical claim rates of warranty were immaterial, the Company did not accrue warranty
reserves as of September 30, 2024 and March 31, 2024.

<div align='center'>F-71

GCL GLOBAL LIMITED AND ITS SUBSIDIARIES

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</div>

Advertising
is mainly through online and offline promotion activities. Advertisement expenses amounted to $712,034 and $1,170,285 for the six months
ended September 30, 2024 and 2023, respectively.

Deferred
merger costs consist primarily of expenses paid to attorneys, underwriters, and others direct costs related to the Merger. Should the
Merger prove to be unsuccessful, these deferred costs, as well as additional expenses to be incurred, will be charged to expenses.

Full-time
employees of the Company are entitled to government-mandated defined contribution plan. The Company is required to accrue and pay for
these benefits based on certain percentages of the employees’ respective salaries, subject to certain ceilings, in accordance with
the relevant government regulations, and make cash contributions to the government-mandated defined contribution plan. Total expenses
for the plans were $145,750 and $101,126 for the six months ended September 30, 2024 and 2023, respectively.

The related
contribution plans include:

Singapore subsidiaries

| — | Central Provident Fund (“CPF”) — 17.00% based                                       
 on employee’s monthly salary for employees aged 55 and below, reduces progressively 
 to 7.5% as