Company: GAME
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004869
Chunk: 222

Company: GameSquare Holdings, Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1B
Chunk 222
---
     1,134,938 
  
    2027 
     797,836 
  
    2028 
     797,836 
  
    2029 
     797,836 
  
    Thereafter 
     9,894,099 
  
    Total estimated amortization expense 
    $15,265,736 

During
the year ended December 31, 2024, the Company recorded an impairment of intangible assets acquired on the acquisition of Engine (Stream
Hatchet and Sideqik reporting units) of $4.0 million.

There
were no impairment charges related to intangible assets incurred during the year ended December 31, 2023.

    F-31

8.
Accrued expenses and other current liabilities

Accrued
liabilities consist of the following:

 Schedule of accrued liabilities

    December 31, 2024  
    December 31, 2023 
  
    Compensation expense 
    $4,919,796  
    $1,257,210 
  
    Convertible debt principal and interest due 
     930,105  
     762,442 
  
    Debt modification fees 
     -  
     650,000 
  
    Professional fees 
     1,546,639  
     983,954 
  
    Accounts payable accruals 
     5,219,463  
     872,387 
  
    Lease abandonment 
     376,959  
     376,959 
  
    Other 
     701,217  
     386,197 
  
    Total accrued expenses and other current liabilities 
    $13,694,179  
    $5,289,149 

9.
Leases

On
June 30, 2021, the Company acquired Complexity. Complexity leased a building in Frisco, Texas. Upon the sale of Complexity (see Note
4), the lease was assigned to GameSquare Esports (USA), Inc. and the Company entered into an agreement to sublease the building to Complexity
for a 12-month period. The lease has an original lease period expiring in April 2029. The lease agreement does not contain any material
residual value guarantees or material restrictive covenants.

On
April 1, 2024, GameSquare Holdings, Inc. leased a building in Culver City, CA, which it later assigned to Faze Media Inc