Company: GCL
Filing Date: 2025-04-08
Form Type: 424B3
Source: 0001213900-25-029989
Chunk: 321

Company: GCL Global Holdings Ltd
Filing Date: 2025-04-08
Form: 424B3
Chunk 321
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|:-----------------------------------------------------------------|:----|:------------------|----------:|:--|
| Ending balance as of March 31, 2023                              |     | $                 | 4,293,000 |   |
| Payment of cash and share consideration                          |     |                   |  (806,710 | ) |
| Change in fair value of contingent consideration for acquisition |     |                   |   272,029 |   |
| Exchange rate difference                                         |     |                   |   (61,319 | ) |
| Ending balance as of March 31, 2024                              |     |                   | 3,697,000 |   |
| Change in fair value of contingent consideration for acquisition |     |                   |  (270,615 | ) |
| Ending balance as of September 30, 2024 (unaudited)              |     | $                 | 3,426,385 |   |

<div align='center'>F-74

GCL GLOBAL LIMITED AND ITS SUBSIDIARIES

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</div>

The
Company accounts for leases in accordance with ASU 2016-02, “Leases” (Topic 842).

If
any of the following criteria are met, the Company classifies the lease as a finance lease:

| ● | The                                                                                           
 lease transfers ownership of the underlying asset to the lessee by the end of the lease term; |

| ● | The                                                                                               
 lease grants the lessee an option to purchase the underlying asset that the Company is reasonably 
 certain to exercise;                                                                              |

| ● | The                                                                                           
 lease term is for 75% or more of the remaining economic life of the underlying asset, unless  
 the commencement date falls within the last 25% of the economic life of the underlying asset; |

| ● | The                                                                                       
 present value of the sum of the lease payments equals or exceeds 90% of the fair value of 
 the underlying asset; or                                                                  |

| ● | The                                                                                         
 underlying asset is of such a specialized nature that it is expected to have no alternative 
 use to the lessor at the end of the lease term.                                             |

Leases that do not meet any of the above criteria are accounted for as operating leases.

The Company combines lease and non-lease components in its contracts under Topic 842, when permissible.

Finance
and operating lease right-of-use (“ROU”) assets and lease liabilities are recognized at