Company: GCL
Filing Date: 2025-03-17
Form Type: DRS
Source: 0001213900-25-024502
Chunk: 334

Company: GCL Global Holdings Ltd
Filing Date: 2025-03-17
Form: DRS
Chunk 334
---
 average method.

|                                     |     | September 30, 
 2024          
 (Unaudited)   |           |     | March 31, 
 2024      |           |
|:------------------------------------|:----|:--------------|----------:|:----|:----------|----------:|
| Physical console game compact discs |     | $             | 6,563,779 |     | $         | 4,826,217 |

For
the six months ended September 30, 2024 and 2023, the impairment for inventories was amounted to $141,047 and $474,364
respectively.

Note 6 — Other receivables and other current assets, net

As
of September 30, 2024 and March 31, 2024, other receivables and other current assets, net were comprised of the following:

|                                                       |     | September 30, 
 2024          
 (Unaudited)   |           |   |     | March 31, 
 2024      |         |   |
|:------------------------------------------------------|:----|:--------------|----------:|:--|:----|:----------|--------:|:--|
| Deposits (i)                                          |     | $             |   247,313 |   |     | $         |  42,832 |   |
| Prepaid expenses (ii)                                 |     |               |   375,205 |   |     |           |  18,279 |   |
| Prepaid income tax (iii)                              |     |               |    23,771 |   |     |           |  23,366 |   |
| GST recoverable and prepaid income tax (iv)           |     |               |   134,676 |   |     |           | 232,367 |   |
| Other receivables (v)                                 |     |               |   288,252 |   |     |           | 197,102 |   |
| Less: allowance for credit loss                       |     |               |   (27,264 | ) |     |           | (52,949 | ) |
| Total other receivables and other current assets, net |     | $             | 1,041,953 |   |     | $         | 460,997 |   |

| (i) | Deposits |

The balance
of deposit mainly comprised deposits made for