Company: GAME
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004869
Chunk: 317

Company: GameSquare Holdings, Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1C
Chunk 317
---
 and restricted cash 
     53,664  
     65,820 
  
    Net increase (decrease) in cash and restricted cash 
     10,156,142  
     2,015,425 
  
    Cash and restricted cash, beginning of year 
     2,992,838  
     977,413 
  
    Cash and restricted cash, end of year 
    $13,148,980  
    $2,992,838 

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

F-9

GameSquare
Holdings, Inc.

Consolidated
Statements of Cash Flows (Continued)

    Year ended December 31, 

    2024  
    2023 
  
    Supplemental disclosure with respect to cash flows: 

    Cash paid for interest 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