Company: GAME
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010979
Chunk: 66

Company: GameSquare Holdings, Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 66
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GAMESQUARE
HOLDINGS, INC.

CONDENSED
CONSOLIDATED BALANCE SHEETS

(unaudited)

    March
    31, 2025  
    December
    31, 2024 
  
    Assets 

    Cash 
    $4,675,226  
    $12,094,950 
  
    Restricted cash 
     1,137,735  
     1,054,030 
  
    Accounts receivable, net 
     18,305,786  
     21,330,847 
  
    Government remittances 
     150,529  
     119,721 
  
    Promissory note receivable, current 
     475,994  
     379,405 
  
    Prepaid expenses and other
    current assets 
     1,060,982  
     1,493,619 
  
    Total current assets 
     25,806,252  
     36,472,572 
  
    Investment 
     2,199,909  
     2,199,909 
  
    Promissory note receivable 
     9,307,979  
     9,212,785 
  
    Property and equipment, net 
     266,548  
     303,950 
  
    Goodwill 
     12,704,979  
     12,704,979 
  
    Intangible assets, net 
     15,099,765  
     15,265,736 
  
    Right-of-use assets 
     2,394,432  
     2,570,516 
  
    Total
    assets 
    $67,779,864  
    $78,730,447 
  
    Liabilities and Shareholders’
    Equity 

    Accounts payable 
    $23,559,503  
    $27,349,372 
  
    Accrued expenses and other current liabilities 
     10,647,154  
     13,694,179 
  
    Players liability account 
     47,535  
     47,535 
  
    Deferred revenue 
     2,734,063  
     2,726,121 
  
    Current portion of operating lease liability 
     756,524  
     748,916 
  
    Line of credit