Company: GAME
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010979
Chunk: 83

Company: GameSquare Holdings, Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 83
---
    Acquisition of FaZe 
     7,147,428 
  
    Disposal of Frankly Media
    assets 
     (3,315,139)
  
    Impairment of Stream Hatchet 
     (4,945,299)
  
    Impairment of Sideqik 
     (2,486,000)
  
    Balance, December 31, 2024 and March 31,
    2025 
    $12,704,979 

Goodwill
resulting from the acquisition of FaZe was allocated to the Teams operating and reportable segment.

There
were no impairment charges related to goodwill incurred during the three months ended March 31, 2025 and 2024, respectively.

    11

(b)
Intangible assets

Intangible
assets consist of the following:

Schedule of  intangible assets 

    As
    of March 31, 2025 

    Original
    cost  
    Accumulated
    amortization  
    Accumulated
    impairment losses  
    Carrying
    value 
  
    Customer relationships 
    $12,063,061  
    $(2,235,640) 
    $(2,655,946) 
    $7,171,475 
  
    Talent network 
     1,400,000  
     (595,833) 
    $-  
     804,167 
  
    Brand name 
     9,543,487  
     (1,635,144) 
    $(784,220) 
     7,124,123 
  
    Software 
     1,830,000  
     (608,589) 
    $(1,221,411) 
     - 
  
    Total
    intangible assets 
    $24,836,548  
    $(5,075,206) 
    $(4,661,577) 
    $15,099,765 

    As
    of December 31, 2024

    Original
    cost

    Accumulated
    amortization

    Accumulated
    impairment losses

    Carrying
    value

    Customer
    relationships
     
    $
    12,058,560

    $
    (2,056,023
    )
     
    $
    (2,655,946
    )
     
    $
    7