Company: GAME
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004869
Chunk: 36

Company: GameSquare Holdings, Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 36
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AAP Measures

A
reconciliation of Adjusted EBITDA to the most directly comparable measure determined under US GAAP is set out below.

    Year ended December 31, 

    2024  
    2023 
  
    Net loss 
    $(54,308,620) 
    $(31,282,427)
  
    Interest expense 
     570,960  
     672,589 
  
    Income tax benefit 
     -  
     (55,096)
  
    Amortization and depreciation 
     3,237,349  
     1,889,075 
  
    Share-based payments 
     2,139,246  
     1,735,630 
  
    Transaction costs 
     6,348,728  
     3,019,373 
  
    Arbitration settlement reserve 
     (229,250) 
     (1,041,129)
  
    Restructuring costs 
     1,334,717  
     545,456 
  
    Legal settlement 
     -  
     186,560 
  
    Loss on extinguishment of debt 
     1,032,070  
     2,204,737 
  
    Change in fair value of contingent consideration 
     501,118  
     45,648 
  
    Change in fair value of investment 
     473,563  
     515,277 
  
    Change in fair value of warrant liability 
     (84,449) 
     (968,757)
  
    Change in fair value of convertible debt carried at fair value 
     (559,212) 
     (538,354)
  
    Gain on disposition of subsidiary 
     (3,009,891) 
     - 
  
    Loss on disposition of assets 
     8,264,980  
     (40,794)
  
    Impairment expense 
     12,548,476  
     7,024,000 
  
    Loss from discontinued operations 
     1,760,153  
     5,006,792 
  
    Net loss attributable to non-controlling interest 
     5,557,713  
     - 
  
    Net loss attributable to non-controlling interest (adjustment for NCI share of add backs to Adjusted EBITDA)