Company: GAME
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004869
Chunk: 1362

Company: GameSquare Holdings, Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 8
Chunk 1362
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2024. The lease has an original lease period expiring in March 2027. The lease agreement does not contain any material residual value
guarantees or material restrictive covenants.

The
components of operating lease expense are as follows:

 Schedule of components operating lease expense

    2024  
    2023 

    Year ended December 31, 

    2024  
    2023 
  
    Operating lease expense 
     730,561  
     543,086 
  
    Variable lease expense 
     315,011  
     265,070 
  
    Total operating lease costs 
     1,045,572  
     808,156 

As
of December 31, 2024, the remaining lease-term and discount rate on the Frisco, TX lease was 4.3 years and 8.3%, respectively. As of
December 31, 2024, the remaining lease-term and discount rate on the Culver City, CA lease was 2.2 years and 7.0%, respectively.

Maturities
of the lease liability are as follows:

 Schedule of Maturities of Lease Liability

    2025 
     932,475 
  
    2026 
     937,632 
  
    2027 
     643,765 
  
    2028 
     545,808 
  
    2029 
     181,936 
  
    Thereafter 
     - 
  
    Total lease payments 
     3,241,616 
  
    Less: Interest 
     (438,257)
  
    Total lease liability 
    $2,803,359 

    F-32

10.
Line of credit

On
September 14, 2023, the Company entered into an accounts receivable financing and security agreement with a maximum availability of $10.0
million for a three-year term with SLR Digital Finance, LLC (the “LOC”). The LOC matures on September 14, 2026. Interest
accrues on the outstanding principal amount of the LOC at a rate equal to the greater of Prime plus 4.00% or 9.50%, per annum. The terms
of the LOC provide for the lender to fund 85% of the purchased accounts receivable and it includes various service fees.

As
of December 31, 2024,