v3.25.2
Consolidated Balance Sheets - USD ($)
Mar. 31, 2025
Mar. 31, 2024
CURRENT ASSETS    
Cash and cash equivalents $ 18,247,380 $ 2,677,059
Restricted cash 3,131,335 1,656,678
Accounts receivable, net 25,761,683 17,413,086
Inventories, net 5,936,223 4,826,217
Other receivable and other current assets, net 1,733,022 460,997
Prepayments, net 6,239,861 5,510,988
Derivative asset 269,119
Loan to third party 382,024
Total current assets 62,092,981 32,566,905
NONCURRENT ASSETS    
Property and equipment, net 380,315 505,111
Definite-lived intangible assets, net 2,207,852 3,273,226
Indefinite-lived intangible assets 14,324,323 6,858,114
Goodwill 2,990,394 2,990,394
Long-term investments 15,435,274 71,045
Other receivable, non-current 167,000
Prepayments, a related party 3,000,000
Operating leases right-of-use assets 442,376 1,128,066
Finance leases right-of-use assets 363,008 470,100
Deferred merger costs 1,065,854
Deferred tax assets, net 351,060 462,429
Total noncurrent assets 39,494,602 16,991,339
TOTAL ASSETS 101,587,583 49,558,244
CURRENT LIABILITIES    
Bank Loans, current 10,500,085 8,812,807
Accounts payable 28,389,357 7,016,238
Contract liabilities 505,323 209,903
Other payables and accrued liabilities 4,702,791 3,101,586
Operating lease liabilities, current 376,751 792,197
Contingent consideration for acquisition, current 1,121,006 2,319,000
Finance leases liabilities, current 84,528 72,868
Tax payables 1,417,173 1,017,143
Total current liabilities 52,347,689 30,395,238
NON-CURRENT LIABILITIES    
Operating lease liabilities, non-current 110,368 370,103
Finance leases liabilities, non-current 164,606 234,765
Bank loans, non-current 1,421,139 208,010
Deferred investment consideration payable 7,500,000
Derivative liabilities, non-current 3,086,519
Deferred tax liabilities 346,969
Contingent consideration for acquisition, non-current 1,378,000
Total non-current liabilities 12,282,632 2,537,847
TOTAL LIABILITIES 64,630,321 32,933,085
MEZZANINE EQUITY    
Ordinary shares subject to possible redemption, nil and 217,724 shares as of March 31, 2025 and 2024, respectively* [1] 700,000
SHAREHOLDERS’ EQUITY    
Ordinary share, par value $0.0001; 150,000,000 shares authorized, 126,276,372 and 105,055,344 shares issued as of March 31, 2025 and 2024, respectively, and 121,947,978 and 105,055,344 outstanding as of March 31, 2025 and 2024, respectively* [1] 12,196 10,506
Additional paid-in capital 18,149,582 1,730,098
Retained earnings 17,513,985 11,938,374
Accumulated other comprehensive income (loss) 178,312 (120,551)
TOTAL GCL Global Holdings Ltd shareholders’ equity 35,854,075 13,558,427
Non-controlling interests 1,103,187 2,366,732
TOTAL SHAREHOLDERS’ EQUITY 36,957,262 15,925,159
TOTAL LIABILITIES, MEZZANINE EQUITY AND SHAREHOLDERS’ EQUITY 101,587,583 49,558,244
Related Party    
CURRENT ASSETS    
Amount due from related parties 392,334 21,880
CURRENT LIABILITIES    
Accounts payable, a related party 4,567,337 6,567,480
Amount due to related parties $ 683,338 $ 486,016
[1] Giving retroactive effect to reverse recapitalization effected on February 13, 2025.