Company: GAME
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-023972
Chunk: 81

Company: GameSquare Holdings, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 81
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GAMESQUARE
HOLDINGS, INC.

CONDENSED
CONSOLIDATED BALANCE SHEETS

(unaudited)

    June 30, 2025  
    December 31, 2024 
  
    Assets 

    Cash 
    $4,697,832  
    $12,094,950 
  
    Restricted cash 
     1,789,259  
     1,054,030 
  
    Accounts receivable, net 
     12,954,496  
     21,330,847 
  
    Government remittances 
     121,617  
     119,721 
  
    Promissory note receivable, current 
     176,647  
     379,405 
  
    Prepaid expenses and other current assets 
     884,038  
     1,493,619 
  
    Total current assets 
     20,623,889  
     36,472,572 
  
    Investment 
     2,199,909  
     2,199,909 
  
    Promissory note receivable 
     8,754,585  
     9,212,785 
  
    Property and equipment, net 
     119,989  
     303,950 
  
    Goodwill 
     5,557,551  
     12,704,979 
  
    Intangible assets, net 
     5,231,027  
     15,265,736 
  
    Right-of-use assets 
     1,600,843  
     2,570,516 
  
    Total assets 
    $44,087,793  
    $78,730,447 
  
    Liabilities and Shareholders’ Equity 

    Accounts payable 
    $26,129,652  
    $27,349,372 
  
    Accrued expenses and other current liabilities 
     11,174,343  
     13,694,179 
  
    Players liability account 
     47,535  
     47,535 
  
    Deferred revenue 
     2,473,552  
     2,726,121 
  
    Current portion of operating lease liability 
     425,461  
     748,916 
  
    Line of credit 
     3,228,001  
     3,