Company: GCL
Filing Date: 2025-04-08
Form Type: 424B3
Source: 0001213900-25-029989
Chunk: 315

Company: GCL Global Holdings Ltd
Filing Date: 2025-04-08
Form: 424B3
Chunk 315
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 of video production related cost such as labor and production supplies.

The
Company has elected to apply the practical expedient to expense costs as incurred for incremental costs to obtain a contract when the
amortization period would have been one year or less. As of September 30, 2024 and March 31, 2024, the Company did not incur
any incremental costs to obtain contract.

As
of September 30, 2024 and March 31, 2024, the Company did not have any contract assets.

The
Company recognized advance payments from its customer prior to revenue recognition as contract liability until the revenue recognition
performance obligations are met. As of September 30, 2024 and March 31, 2024, the contract liabilities amounted to $1,779,725
and $209,903, respectively. For the six months ended September 30, 2024 and 2023, revenue recognized that was included in the beginning
period contract liabilities balance amounted to $208,010 and $363,726, respectively. As of September 30, 2024 and March 31,
2024, there were no contracts with performance obligations beyond 12 months for revenue recognition.

Disaggregated
information of revenues by products/services are as follows:

|                                      |     | For the Six Months Ended | September 30, 
          2024 |     |            | September 30, 
          2023 |
|:-------------------------------------|:----|:-------------------------|--------------:|:----|:-----------|--------------:|
|                                      |     | -Unaudited               |               |     | -Unaudited |               |
| Console game                         |     | $                        |    14,593,174 |     | $          |    14,098,552 |
| Console game code                    |     |                          |    34,476,448 |     |            |    18,069,773 |
| Console game– subtotal               |     |                          |    49,069,622 |     |            |    32,168,325 |
| Game publishing                      |     |                          |       886,005 |     |            |     2,403,367 |
| Video marketing campaign services    |     |                          |       613,948 |     |            |     1,123,322 |
| Social media advertising services    |     |                          |       206,464 |     |