Company: GCL
Filing Date: 2025-04-08
Form Type: 424B3
Source: 0001213900-25-029989
Chunk: 244

Company: GCL Global Holdings Ltd
Filing Date: 2025-04-08
Form: 424B3
Chunk 244
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      |       — |     | $     | 2,047,154 |
| Acquired goodwill         |     |         |   674,367 |     |                 | — |     |                           | — |     |        | 268,873 |     |       |   943,240 |
| Impairments               |     |         |         — |     |                 | — |     |                           | — |     |        |       — |     |       |         — |
| Balance at March 31, 2024 |     | $       | 2,721,521 |     | $               | — |     | $                         | — |     | $      | 268,873 |     | $     | 2,990,394 |

<div align='center'>F-27

GCL GLOBAL LIMITED AND ITS SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</div>

The Company adopted ASU 2017-04 in 2021, which primary
goal is to simplify the goodwill impairment test and provide cost savings for all entities. This is accomplished by removing the requirement
to determine the fair value of individual assets and liabilities in order to calculate a reporting unit’s “implied”
goodwill under current GAAP.

The amendments in ASU 2017-04 eliminate Step 2 of
the goodwill impairment test. As such, an entity will perform its annual, or interim, goodwill impairment test by comparing the fair value
of a reporting unit with its carrying amount. An entity should recognize a goodwill impairment charge for the amount by which the reporting
unit’s carrying amount exceeds its fair value. If fair value exceeds the carrying amount, no impairment should be recorded. Any
loss recognized should not exceed the total amount of goodwill allocated to that reporting unit.

When measuring a goodwill impairment loss, an entity
should consider the income tax effects from any tax-deductible goodwill on the carrying amount of the reporting unit. The ASU contains
an illustration of the simultaneous equations method to demonstrate this, which reflects a deferred tax benefit from reducing the carrying
amount of tax-deductible goodwill relative to the tax basis.

An entity may still perform the optional qualitative
assessment for a reporting unit to determine if it is more likely than not that goodwill is impaired. However, this ASU eliminates the
requirement to perform a qualitative assessment for any reporting unit with zero or negative carrying amount. Therefore, the same one-step
impair