Company: GCL
Filing Date: 2025-04-08
Form Type: 424B3
Source: 0001213900-25-029989
Chunk: 383

Company: GCL Global Holdings Ltd
Filing Date: 2025-04-08
Form: 424B3
Chunk 383
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ating segment. Operating segments are defined as components of an enterprise for which separate financial information is regularly
evaluated by the chief operating decision maker (“CODM”), which is the Company’s Chairman and Chief Executive Officer,
in deciding how to allocate resources and assess performance. The Company’s CODM evaluates the Company’s financial information
and resources and assesses the performance of these resources. The Company is not organized by market and is managed and operated as one
business. A single management team that reports to the CODM comprehensively manages the entire business. Accordingly, the Company does
not accumulate discrete financial information with respect to separate divisions and does not have separate operating or reportable segments.
Since the Company operates in one operating segment, all required financial segment information can be found in the financial statements.

Recently Adopted Accounting Pronouncements

In August 2020, the FASB issued
ASU No. 2020-06 Debt – Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging – Contracts in
Entity’s Own Equity (Subtopic 815–40) (“ASU 2020-06”). ASU 2020-06 simplifies the accounting for certain financial
instruments with characteristics of liabilities and equity, including convertible instruments and contracts on an entity’s own equity.
The ASU is part of the FASB’s simplification initiative, which aims to reduce unnecessary complexity in GAAP. The ASU’s amendments
are effective for smaller reporting companies for fiscal years beginning after December 15, 2023, and interim periods within those fiscal
years. The Company adopted ASU 2020-06 on January 1, 2024. The adoption of ASU 2020-06 did not have a material impact on the Company’s
financial statements and disclosures.

In November 2023, the FASB
issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures. ASU 2023-07, which is applicable to
entities with a single reportable segment, will primarily require enhanced disclosures about significant segment expenses and enhanced
disclosures in interim periods. The guidance in ASU 2023-07 will be applied retrospectively and is effective for annual reporting periods
in fiscal years beginning after December 15, 2023 and interim reporting periods in fiscal years beginning after December 31, 2024, with
early adoption permitted. The Company adopted this