Company: GAME
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004869
Chunk: 695

Company: GameSquare Holdings, Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 4
Chunk 695
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 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 
  
    Cash and restricted cash shown in the consolidated statements of cash flows 
    $13,148,980  
    $2,992,838 

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

F-10

GameSquare
Holdings, Inc.

Notes
to the Consolidated Financial Statements

1.
Corporate information and going concern

(a)
Corporate information

GameSquare
Holdings, Inc. (formerly Engine Gaming & Media, Inc.) (“GameSquare” or the “Company”) is a