Company: GAME
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-023972
Chunk: 87

Company: GameSquare Holdings, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 87
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,388,594  
    $(118,898) 
    $(90,294,648) 
    $15,360,410  
    $42,335,458 

See
accompanying notes to Condensed Consolidated Financial Statements.

3

GAMESQUARE
HOLDINGS, INC.

CONDENSED
CONSOLIDATED STATEMENTS OF CASH FLOWS

(unaudited)

    2025  
    2024 

    Six months ended June 30, 

    2025  
    2024 
  
    Cash flows from operating activities: 

    Net loss 
    $(10,192,082) 
    $(17,264,089)
  
    Adjustments to reconcile net loss to net cash used in operating activities: 

    Amortization and depreciation 
     884,155  
     1,936,744 
  
    Amortization of operating lease right-of-use assets 
     274,136  
     178,588 
  
    Gain on disposition of subsidiary 
     (2,721,953) 
     (3,009,891)
  
    Loss on disposition of assets 
     1,477,619  
     3,764,474 
  
    Accretion of promissory note receivable 
     (614,415) 
     (300,337)
  
    Change in fair value of contingent consideration 
     -  
     (42,327)
  
    Change in fair value of warrant liability 
     12,384  
     (52,900)
  
    Change in fair value of arbitration reserve 
     10,634  
     (138,625)
  
    Change in fair value of convertible debt carried at fair value 
     (327,916) 
     (456,759)
  
    Share-based compensation 
     34,614  
     1,021,367 
  
    Changes in operating assets and liabilities: 
        
     - 
  
    Accounts receivable, net 
     5,042,422  
     (5,134,046)
  
    Government remittances 
     (1,896) 
     38,946 
  
    Prepaid expenses and other current assets 
     383,364  
     (662,394)
  
    Accounts payable, accrued expenses and