Company: GCL
Filing Date: 2025-03-17
Form Type: DRS
Source: 0001213900-25-024502
Chunk: 293

Company: GCL Global Holdings Ltd
Filing Date: 2025-03-17
Form: DRS
Chunk 293
---
 of the date
of this prospectus, the Company has received proceed of $20,025,000 from above mentioned Notes, and the remaining $13,000,000 will be
received by January 5, 2025.

<div align='center'>F-56

GCL GLOBAL LIMITED AND ITS SUBSIDIARIES
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
(Stated in U.S dollar, except for the number of shares)</div>

| ASSETS                                                                                                                                                               
 CURRENT ASSETS                                                                                                                                                       |     | September 30, 
 2024          
 (Unaudited)   |            |   |     | March 31, 
 2024      |            |   |
|:---------------------------------------------------------------------------------------------------------------------------------------------------------------------|:----|:--------------|-----------:|:--|:----|:----------|-----------:|:--|
| Cash and cash equivalents                                                                                                                                            |     | $             |  7,727,167 |   |     | $         |  2,677,059 |   |
| Restricted cash                                                                                                                                                      |     |               |  2,577,553 |   |     |           |  1,656,678 |   |
| Accounts receivable, net                                                                                                                                             |     |               | 13,248,026 |   |     |           | 17,413,086 |   |
| Amount due from related parties                                                                                                                                      |     |               |     60,592 |   |     |           |     21,880 |   |
| Inventories, net                                                                                                                                                     |     |               |  6,563,779 |   |     |           |  4,826,217 |   |
| Other receivable and other current assets, net                                                                                                                       |     |               |  1,041,953 |   |     |           |    460,997 |   |
| Prepayments, net                                                                                                                                                     |     |               |  9,295,186 |   |     |           |  5,510,988 |   |
| Total current assets                                                                                                                                                 |     |               | 40,514,256 |   |     |           | 32,566,905 |   |
| NONCURRENT ASSETS                                                                                                                                                    |     |               |            |   |     |           |            |   |
| Property and equipment, net                                                                                                                                          |     |               |    450,916 |   |     |