Company: GAME
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010979
Chunk: 68

Company: GameSquare Holdings, Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 68
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CONDENSED
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

(unaudited)

    2025  
    2024 

    Three
    months ended March 31, 

    2025  
    2024 
  
    Revenue 
    $21,109,659  
    $17,728,224 
  
    Cost of revenue 
     17,776,605  
     14,335,067 
  
    Gross profit 
     3,333,054  
     3,393,157 
  
    Operating expenses: 

    General and administrative 
     5,757,613  
     4,918,630 
  
    Selling and marketing 
     2,023,375  
     2,221,653 
  
    Research and development 
     768,966  
     685,153 
  
    Depreciation and amortization 
     581,795  
     755,449 
  
    Restructuring charges 
     577,871  
     - 
  
    Other operating expenses 
     745,377  
     1,093,420 
  
    Total operating expenses 
     10,454,997  
     9,674,305 
  
    Loss from continuing operations 
     (7,121,943) 
     (6,281,148)
  
    Other income (expense), net: 

    Interest expense 
     (49,558) 
     (435,128)
  
    Change in fair value of
    convertible debt carried at fair value 
     333,477  
     (106,601)
  
    Change in fair value of
    warrant liability 
     5,347  
     37,257 
  
    Arbitration settlement
    reserve 
     55,583  
     95,125 
  
    Other income (expense),
    net 
     (73,780) 
     (117,270)
  
    Total other income (expense),
    net 
     271,069  
     (526,617)
  
    Loss from continuing operations before income
    taxes 
     (6,850,874) 
     (6,807,765)
  
    Income tax benefit 
     -  
     - 
  
    Net