Company: GCL
Filing Date: 2025-09-04
Form Type: F-1
Source: 0001213900-25-084489
Chunk: 236

Company: GCL Global Holdings Ltd
Filing Date: 2025-09-04
Form: F-1
Chunk 236
---
:-----|----------:|:--|:----|:-----|----------:|:--|
| Prepayment                     |     | $    | 6,354,653 |   |     | $    | 5,720,400 |   |
| Less: allowance for prepayment |     |      |  (114,792 | ) |     |      |  (209,412 | ) |
| Total prepayments, net         |     | $    | 6,239,861 |   |     | $    | 5,510,988 |   |

Movement of allowance for
doubtful account for the years ended March 31, 2025, 2024, and 2023 are as follows:

|                        |     |   | March 31, 
      2025 |   |     |   | March 31, 
      2024 |     |   | March 31, 
      2023 |   |
|:-----------------------|:----|:--|----------:|:--|:----|:--|----------:|:----|:--|----------:|:--|
| Beginning balance      |     | $ |   209,412 |   |     | $ |    51,755 |     | $ |    71,227 |   |
| (Recovery) Addition    |     |   |   (94,786 | ) |     |   |   157,623 |     |   |   (10,105 | ) |
| Write-off              |     |   |         - |   |     |   |         - |     |   |    (8,894 | ) |
| Translation adjustment |     |   |       166 |   |     |   |        34 |     |   |      (473 | ) |
| Ending balance         |     | $ |   114,792 |   |     | $ |   209,412 |     | $ |    51,755 |   |

F-37 GCL GLOBAL HOLDINGS LTD AND ITS SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

Note 10 — Loan to third party

Loan to third party consist of the following:

| Name of third party* 
 2 Game LLC           |     | Maturities                                                                   
 Repay in two installments, to be due on September 1, 2025,