Company: GCL
Filing Date: 2025-04-03
Form Type: F-1
Source: 0001213900-25-028608
Chunk: 259

Company: GCL Global Holdings Ltd
Filing Date: 2025-04-03
Form: F-1
Chunk 259
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iscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15,
2024. Early adoption is permitted. A public entity should apply the amendments in this Update retrospectively to all prior periods presented
in the financial statements. Upon transition, the segment expense categories and amounts disclosed in the prior periods should be based
on the significant segment expense categories identified and disclosed in the period of adoption. The Company anticipates that Topic 280
will impact only its disclosures and therefore do not expect that Topic 280 will have a material impact on its consolidated financial
statements.

In December 2023, the FASB issued ASU 2023-09,
which is an update to Topic 740, Income Taxes. The amendments in this update related to the rate reconciliation and income taxes paid
disclosures improve the transparency of income tax disclosures by requiring (1) consistent categories and greater disaggregation
of information in the rate reconciliation and (2) income taxes paid disaggregated by jurisdiction. The amendments allow investors
to better assess, in their capital allocation decisions, how an entity’s worldwide operations and related tax risks and tax planning
and operational opportunities affect its income tax rate and prospects for future cash flows. 5 The other amendments in this Update improve
the effectiveness and comparability of disclosures by (1) adding disclosures of pretax income (or loss) and income tax expense (or
benefit) to be consistent with U.S. Securities and Exchange Commission (SEC) Regulation S-X 210.4-08(h), Rules of General Application — General
Notes to Financial Statements: Income Tax Expense, and (2) removing disclosures that no longer are considered cost beneficial or
relevant. For public business entities, the amendments in this Update are effective for annual periods beginning after December 15,
2024. For entities other than public business entities, the amendments are effective for annual periods beginning after December 15,
2025. Early adoption is permitted for annual financial statements that have not yet been issued or made available for issuance. The amendments
in this Update should be applied on a prospective basis. Retrospective application is permitted. The Company is currently evaluating the
impact of the update on Company’s consolidated financial statements and related disclosures.

Except as mentioned above, the Company does not
believe other recently issued but not yet effective accounting standards, if currently adopted, would have a material effect on the Company’s
consolidated balance sheets, statements of operations and comprehensive loss and statements of