Company: GAME
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004869
Chunk: 571

Company: GameSquare Holdings, Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 3
Chunk 571
---
 expense 
    $1,281,611  
    $561,335 
  
    Cash paid for income taxes 
     -  
     - 
  
    Operating lease payments in operating cash flows 
     700,473  
     543,676 

    Supplemental disclosure of non-cash investing and financing activities: 

    Divestiture of Frankly assets in exchange for contingent consideration
    receivable 
    $-  
    $501,118 
  
    Shares, options, and warrants issued for acquisition of Engine 
     -  
     41,044,000 
  
    Disposition of Complexity in exchange for promissory note receivable 
     7,125,628  
     - 
  
    Shares, options, and warrants issued for acquisition of FaZe 
     14,587,000  
     - 
  
    Reclassification of GSQ Esports Inc. warrants to warrant liability 
     -  
     900,818 
  
    Conversion of convertible debt 
     645,161  
     - 
  
    Shares issued to settle legal and other amounts payable 
     270,000  
     363,914 

Reconciliation
of cash and restricted cash:

    December 31,  2024  
    December 31, 2023 
  
    Cash 
    $12,094,950  
    $2,945,373 
  
    Restricted cash 
     1,054,030  
     47,465 
  
    Cash and restricted cash shown in the consolidated statements of cash flows 
    $13,148,980  
    $2,992,838 

The
accompanying notes are an integral part of these consolidated financial statements.

F-10

GameSquare
Holdings, Inc.

Notes
to the Consolidated Financial Statements

1.
Corporate information and going concern

(a)
Corporate information

GameSquare
Holdings, Inc. (formerly Engine Gaming & Media, Inc.) (“GameSquare” or the “Company”) is a corporation existing
under the laws of the State of Delaware as of March 7, 2024 (and was a corporation existing under the Business Corporations Act (Province
of British Columbia) prior to March 7, 2024). The registered head office of the Company is 6775 Cowboys Way, Ste. 1335, Frisco, Texas