Company: GCL
Filing Date: 2025-07-31
Form Type: 424B3
Source: 0001213900-25-070094
Chunk: 175

Company: GCL Global Holdings Ltd
Filing Date: 2025-07-31
Form: 424B3
Chunk 175
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 financial information presented on a consolidated basis,
accompanied by disaggregated information about revenues by different revenues streams for purposes of allocating resources and evaluating
financial performance. Based on qualitative and quantitative criteria established by Accounting Standards Codification (“ASC”)
280, “Segment Reporting”, the Company considers itself to be operating within four operating and three reportable segments
as set forth in Note 25.

Cash is carried at cost and
represents cash on hand. Cash equivalents consist of time deposits placed with banks or other financial institutions and all highly liquid
investments with an original maturity of three months or less. In addition, cash equivalents also consist of funds received from customers,
which were held at the third-party platform’s account, and which are unrestricted and immediately available for withdrawal and use.

Restricted cash consists
of fixed deposits being held as collateral to secure the banking facilities. As of March 31, 2025 and 2024, the Company had deposit
amounted to $3,131,335 and $1,656,678, respectively, held in the banks as collateral to secure the banking facilities which the Company
signed with HSBC Bank and Citibank (referred to Note 14).

<div align='center'>F-11

GCL GLOBAL HOLDINGS LTD AND ITS SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</div>

Accounts receivable are
recognized and carried at the original invoiced amount less an allowance for credit losses and do not bear interest. Customers who
owed accounts receivables, are granted credit terms based on their credit metrics. The Company measured the credit loss against its
accounts receivable and records the allowance for credit losses as an offset to accounts receivable, and the estimated credit losses
charged to the allowance is classified as “general and administrative” in the consolidated statements of operation and
comprehensive income (loss). The Company assesses collectability by reviewing accounts receivable on a collective basis where
similar characteristics exist, primarily based on similar business line, service or product offerings and on an individual basis
when the Company identifies specific customers with known disputes or collectability issues. In determining the amount of the
allowance for credit losses, the Company considers historical collectability based on past due status, the age of the accounts
receivable balances, credit quality of the Company’s customers based on ongoing credit evaluations, current economic
conditions, reasonable and supportable forecast of future economic conditions and other factors that may affect the Company’s
ability to collect from