Company: GCL
Filing Date: 2025-09-04
Form Type: F-1
Source: 0001213900-25-084489
Chunk: 234

Company: GCL Global Holdings Ltd
Filing Date: 2025-09-04
Form: F-1
Chunk 234
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 | $ |   325,457 |   |     | $ |    55,533 |   |

Note 7 — Inventories, net

Inventories are stated at lower of cost or net
realizable value, which is determined using the weighted average method.

|                                     |     | 2025 | March 31, |     | 2024 | March 31, |
|:------------------------------------|:----|:-----|----------:|:----|:-----|----------:|
| Physical console game compact discs |     | $    | 5,936,223 |     | $    | 4,826,217 |

For the years ended March 31, 2025, 2024, and 2023, the impairment for inventories was amounted to $, $ and $ respectively.

Note 8 — Other receivables and other current assets, net

As of March 31, 2025 and 2024, other receivables
and other current assets, net comprised of the following:

|                                                       |     | 2025 | March 31, |   |     | 2024 | March 31, |   |
|:------------------------------------------------------|:----|:-----|----------:|:--|:----|:-----|----------:|:--|
| Deposits (i)                                          |     | $    |   273,041 |   |     | $    |    42,832 |   |
| Prepaid expenses (ii)                                 |     |      | 1,122,403 |   |     |      |    18,279 |   |
| Prepaid income tax (iii)                              |     |      |     1,812 |   |     |      |    23,366 |   |
| GST recoverable (iv)                                  |     |      |   209,880 |   |     |      |   232,367 |   |
| Other receivables (v)                                 |     |      |   153,809 |   |     |      |   197,102 |   |
| Less: allowance for credit loss                       |     |      |   (27,923 | ) |     |      |   (52,949 | ) |
| Total other receivables and other current assets, net |     | $    | 1,733,022 |   |     | $    |   460