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

Company: GameSquare Holdings, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 2
Chunk 25
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     602,139  
     34,614  
     1,021,367 
  
    Transaction costs 
     547,188  
     1,037,044  
     1,292,565  
     2,130,464 
  
    Arbitration settlement reserve 
     66,217  
     (43,500) 
     10,634  
     (138,625)
  
    Restructuring costs 
     165,328  
     -  
     782,541  
     - 
  
    Change in fair value of contingent consideration 
     -  
     (42,327) 
     -  
     (42,327)
  
    Change in fair value of warrant liability 
     17,731  
     (15,643) 
     12,384  
     (52,900)
  
    Change in fair value of convertible debt carried at fair value 
     5,561  
     (563,360) 
     (327,916) 
     (456,759)
  
    Gain on disposition of subsidiary 
     (3,020,335) 
     -  
     (2,721,953) 
     (3,009,891)
  
    Loss on disposition of assets 
     1,477,619  
     3,764,474  
     1,477,619  
     3,764,474 
  
    Loss from discontinued operations 
     -  
     2,342,513  
     2,613,422  
     3,543,246 
  
    Adjusted EBITDA 
    $(3,495,651) 
    $(4,165,198) 
    $(6,454,379) 
    $(8,695,287)

Liquidity
and Capital Resources

Overview

The
financial statements have been prepared on a going-concern basis, which assumes the realization of assets and liquidation of liabilities
in the normal course of business. Continuing operations, as intended, are dependent on management’s ability to raise required funding
through future equity issuances, its ability to acquire business interests and develop profitable operations or a combination thereof,
which is not assured, given today’s volatile and uncertain financial markets. We may revise programs depending