Company: GAME
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010979
Chunk: 73

Company: GameSquare Holdings, Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 73
---
 
  
    Supplemental disclosure with respect to cash
    flows: 

    Cash paid for
    interest expense 
    $164,379  
    $205,436 
  
    Cash paid for income taxes 
     -  
     - 
  
    Operating lease payments
    in operating cash flows 
     229,251  
     136,452 

    Supplemental disclosure of non-cash investing
    and financing activities: 

    Disposition of Complexity
    in exchange for promissory note receivable 
     -  
     7,125,628 
  
    Shares, options, and warrants
    issued for acquisition of FaZe 
     -  
     14,587,000 
  
    Conversion of convertible
    debt 
     3,992,238  
     - 
  
    Shares issued to settle
    legal and other amounts payable 
     1,500,000  
     - 

Reconciliation
of cash and restricted cash:

    March
    31, 2025  
    December
    31, 2024 
  
    Cash 
    $4,675,226  
    $12,094,950 
  
    Restricted cash 
     1,137,735  
     1,054,030 
  
    Cash and restricted
    cash shown in the consolidated statements of cash flows 
    $5,812,961  
    $13,148,980 

5

GAMESQUARE
HOLDINGS, INC.

NOTES
TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(unaudited)

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,
USA, 75034.

GameSquare,
(NASDAQ: GAME) completed its Plan of Merger (the “Merger”) with FaZe Holdings, Inc. (“FaZe”) on March 7, 2024