Company: GCL
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001213900-25-069672
Chunk: 168

Company: GCL Global Holdings Ltd
Filing Date: 2025-07-31
Form: 20-F
Item: Item 19
Chunk 168
---
296,833        15,384              312,217  
  Balance as of                                                                              121,947,978      12,196        18,149,582      17,513,985       178,312        1,103,187        36,957,262  

  Giving                                                                         
  retroactive effect to reverse recapitalization effected on February 13, 2025.  
 ─────────────────────────────────────────────────────────────────────────────────

The accompanying notes are
an integral part of these consolidated financial statements.

F-5

GCL GLOBAL HOLDINGS LTD
AND ITS SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

(Stated in U. S. dollar, except for the number of shares)

                                                                                                           For the Years Ended                                                                           
                                                                                                           March 31,                                                                                     
                                                                                                           2025                                       2024                        2023                   
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  CASH FLOWS FROM OPERATING ACTIVITIES:                                                                                                                                                                  
  Net income (loss)                                                                                        $                           5,049,421      $         ( 1,960,956       $         2,140,670    
  Adjustments to reconcile net loss to net cash used in operating activities:                                                                                                                            
  Depreciation of property and equipment                                                                                                 328,948                320,308                     297,069      
  Amortization of intangible assets                                                                                                    1,065,373                1,168,358                   517,902      
  Amortization of right of use assets- operating leases                                                                                  861,508                839,152                     662,748      
  Amortization of right of use assets- operating lease, a related party                                                                        -                -                           3,396        
  Amortization of right of use assets- finance leases                                                                                    113,207                43,900                      26,556       
  (Recovery from) provision for credit loss and doubtful accounts                                                                      ( 195,604                484,247                     334,052      
  Loss from disposal of property and equipment                                                                                                 -                57,202                      -            
  Deferred taxes benefit                                                                                                               ( 233,848                ( 669,869                   ( 253,166    
  Change in fair value of contingent consideration for acquisition                                                                       545