Company: GCL
Filing Date: 2025-03-17
Form Type: DRS
Source: 0001213900-25-024502
Chunk: 275

Company: GCL Global Holdings Ltd
Filing Date: 2025-03-17
Form: DRS
Chunk 275
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iation expenses for the years ended March 31,
2024 and 2023 were amounted to $320,308 and $297,069, respectively. The Company recognized loss from disposal of property and equipment
were $57,202, and $nil for the years ended March 31, 2024 and 2023, respectively.

<div align='center'>F-45

GCL GLOBAL LIMITED AND ITS SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</div>

Note 9 — Definite-lived Intangible assets, net

Definite-lived intangible assets consisted of the following:

|                                        |     |   |  March 31, 
       2024 |   |     |   | March 31, 
      2023 |   |
|:---------------------------------------|:----|:--|-----------:|:--|:----|:--|----------:|:--|
| Customer relationships                 |     | $ |  4,594,812 |   |     | $ | 4,742,000 |   |
| License                                |     |   |    139,865 |   |     |   |         — |   |
| Trademark                              |     |   |    224,809 |   |     |   |         — |   |
| Less: accumulated amortization         |     |   | (1,686,260 | ) |     |   |  (517,902 | ) |
| Total definite-lived intangible assets |     | $ |  3,273,226 |   |     | $ | 4,224,098 |   |

Amortization expense for the years ended March 31,
2024 and 2023 was amounted to $1,168,358 and $517,902, respectively.

The following table sets forth the Company’s amortization
expense for the next five years ending:

|                                                    |     | Amortization expenses |           |
|:---------------------------------------------------|:----|:----------------------|----------:|
| Twelve months ending March 31, 2025                |     | $                     | 1,054,311 |
| Twelve months ending March 31, 2026                |     |                       | 1,045,682 |
| Twelve months ending March 31, 2027                |     |                       | 1,041,288 |
| Twelve months ending March 31, 2028                |