Company: GCL
Filing Date: 2025-03-17
Form Type: DRS
Source: 0001213900-25-024502
Chunk: 310

Company: GCL Global Holdings Ltd
Filing Date: 2025-03-17
Form: DRS
Chunk 310
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 | - |     |        |       - |     |       |         - |
| Balance at March 31, 2024                 |     |         | 2,721,521 |     |            | - |     |             | - |     |        | 268,873 |     |       | 2,990,394 |
| Acquired goodwill                         |     |         |         - |     |            | - |     |             | - |     |        |       - |     |       |         - |
| Impairments                               |     |         |         - |     |            | - |     |             | - |     |        |       - |     |       |         - |
| Balance at September 30, 2024 (Unaudited) |     | $       | 2,721,521 |     | $          | - |     | $           | - |     | $      | 268,873 |     | $     | 2,990,394 |

An
entity performs its annual, or interim, goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount.
An entity should recognize a goodwill impairment charge for the amount by which the reporting unit’s carrying amount exceeds its
fair value. If fair value exceeds the carrying amount, no impairment should be recorded. Any loss recognized should not exceed the total
amount of goodwill allocated to that reporting unit.

An
entity may still perform the optional qualitative assessment for a reporting unit to determine if it is more likely than not that goodwill
is impaired. However, this ASU eliminates the requirement to perform a qualitative assessment for any reporting unit with zero or negative
carrying amount.

For the six months ended September 30, 2024 and 2023, management evaluated impairment of goodwill by performing qualitative assessment on its reporting units and determined that it is not more likely than not that the fair value of the reporting unit is less than its carrying amount, and therefore, no impairment loss on goodwill was recognized for the six months ended September 30, 2024 and 2023.

<div align='center'>F-67

GCL GLOBAL LIMITED AND ITS SUBSIDIARIES

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</div>

In
accordance with ASC 360-10, long-lived assets, including property and equipment with finite lives, are reviewed for impairment loss whenever
events or changes in