Company: GCL
Filing Date: 2025-09-05
Form Type: F-1/A
Source: 0001213900-25-085150
Chunk: 239

Company: GCL Global Holdings Ltd
Filing Date: 2025-09-05
Form: F-1/A
Chunk 239
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      |    455,313 |   |     |      |   431,293 |   |
| Subtotal                          |     |      |  1,529,470 |   |     |      | 1,322,045 |   |
| Less: accumulated depreciation    |     |      | (1,149,155 | ) |     |      |  (816,934 | ) |
| Total property and equipment, net |     | $    |    380,315 |   |     | $    |   505,111 |   |

Depreciation expenses for
the years ended March 31, 2025, 2024, and 2023 were amounted to $, $ and $, respectively. The Company recognized
loss from disposal of property and equipment were nil, $ and nil for the years ended March 31, 2025, 2024, and 2023, respectively.

Note 12 — Definite-lived Intangible assets, net

Definite-lived intangible assets consisted of
the following:

|                                        |     | 2025 |  March 31, |   |     | 2024 |  March 31, |   |
|:---------------------------------------|:----|:-----|-----------:|:--|:----|:-----|-----------:|:--|
| Customer relationships                 |     | $    |  4,594,812 |   |     | $    |  4,594,812 |   |
| License                                |     |      |    139,865 |   |     |      |    139,865 |   |
| Trademark                              |     |      |    224,809 |   |     |      |    224,809 |   |
| Less: accumulated amortization         |     |      | (2,751,634 | ) |     |      | (1,686,260 | ) |
| Total definite-lived intangible assets |     | $    |  2,207,852 |   |     | $    |  3,273,226 |   |

F-38 GCL GLOBAL HOLDINGS LTD AND ITS SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

Amortization expense for
years ended March 31, 2025, 2024 and 2023 was amounted to $, $ and $, respectively.

The following table sets forth the