Company: GCL
Filing Date: 2025-04-03
Form Type: F-1
Source: 0001213900-25-028608
Chunk: 313

Company: GCL Global Holdings Ltd
Filing Date: 2025-04-03
Form: F-1
Chunk 313
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 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 |     |            |       183,638 |
| Media advertising services- subtotal |     |                          |       820,412 |     |            |     1,306,960 |
| Other revenue                        |     |                          |       129,666 |     |            |       209,917 |
| Total revenues                       |     | $                        |    50,905,705 |     | $          |    36,088,569 |

The
Company generally provides limited warranties for its products sold. At the time a sale is recognized, the Company records estimated
future warranty costs under ASC 460. Such estimated costs for warranties are