Company: GAME
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023589
Chunk: 184

Company: GameSquare Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 184
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2025 to write off significantly
aged AP (three + years) relating to discontinued operations and services, wherein the local statute of limitations has expired for legal
recourse by the vendor.

Other
operating expenses

Other operating expenses for the three months ended September 30, 2025, was $1.1 million, in comparison to $1.3 million
for the same period in 2024. Other operating expenses between the quarters consisted primarily of transaction related expenses. The variance
between the periods was not significant.

Other
income and expenses

Interest income (expense),
net

Interest (income) expense, net for the three months ended September 30, 2025, was $0.2 million, in comparison to
$0.2 million for the same period in 2024. The variance between the periods was not significant.

Loss on extinguishment
of debt

Loss on extinguishment of
debt for the three months ended September 30, 2025, was $0, in comparison to $1.0 million for the same period in 2024. The Company recognized
a day one loss on issuance of debt of $1.4 million on July 8, 2024 in connection with the issuance of the Yorkville CD. The loss is presented
net of the $0.3 million gain on extinguishment of the King Street CD which was paid down in full on July 10, 2024.

Change
in fair value of convertible debt carried at fair value

Change
in fair value of convertible debt income (expense) for the three months ended September 30, 2025, was $(38) thousand, in comparison
to $(99) thousand for the same period in 2024. The variance between the periods was not significant.

38

Change
in fair value of warrant liability

Change
in fair value of warrant liability income (expense) for the three months ended September 30, 2025, was $20 thousand, in comparison
to $26 thousand for the same period in 2024. The variance between the periods was not significant.

Arbitration
settlement reserve

Arbitration
settlement reserve income (expense) for the three months ended September 30, 2025, was $46 thousand, in comparison to $114 thousand
for the same period in 2024. The variance between the periods was not significant.

Other
income (expense), net

Other income (expense), net for