Company: GCL
Filing Date: 2025-09-05
Form Type: F-1/A
Source: 0001213900-25-085150
Chunk: 197

Company: GCL Global Holdings Ltd
Filing Date: 2025-09-05
Form: F-1/A
Chunk 197
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 in the consolidated statement of operations and comprehensive income (loss). Equity investments are evaluated to determine whether they meet the definition of in-substance common stock under ASC 323, Investments - Equity Method and Joint Ventures. Investments that fail to meet this definition are not accounted for under the equity method. Instead, they are classified and measured in accordance with ASC 321. Goodwill 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, or 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 income (loss). Impairment losses on goodwill are not reversed. F-13 GCL GLOBAL HOLDINGS LTD AND ITS SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

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 units 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    |         - |     | Publishing | - |     | Media       
 Advertising 
 service     | - |     | Others |       - |     | Total |         - |
|:--------------------------|:----|:--------|----------:|:----|:-----------|:--|:----|:------------|:--|:----|:-------|--------:|:----|:------|----------:|
| Acquired goodwill         |     |         | 2,047,154 |     |            | - |     |             | - |     |        |       - |     |       | 2,047,154 |
| Balance at March 31, 2023 |     |         | 2,047,154 |     |            | - |     |             | - |     |        |       - |     |       | 2,047,154 |
| Acquired goodwill         |     |