Company: GAME
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-023972
Chunk: 12

Company: GameSquare Holdings, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 2
Chunk 12
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2025  
    2024  
    Variance 
  
    Revenue 
    $15,852,706  
    $17,829,175  
    $(1,976,469)
  
    Cost of revenue 
     13,426,252  
     15,307,881  
     (1,881,629)
  
    Gross profit 
     2,426,454  
     2,521,294  
     (94,840)
  
    Operating expenses: 

    General and administrative 
     4,076,391  
     4,917,730  
     (841,339)
  
    Selling and marketing 
     1,497,096  
     1,636,571  
     (139,475)
  
    Research and development 
     557,403  
     585,031  
     (27,628)
  
    Depreciation and amortization 
     302,360  
     564,346  
     (261,986)
  
    Restructuring charges 
     165,328  
     -  
     165,328 
  
    Other operating expenses 
     547,188  
     994,717  
     (447,529)
  
    Total operating expenses 
     7,145,766  
     8,698,395  
     (1,552,629)
  
    Loss from continuing operations 
     (4,719,312) 
     (6,177,101) 
     1,457,789 
  
    Other income (expense), net: 

    Interest expense 
     44,590  
     (192,257) 
     236,847 
  
    Change in fair value of convertible debt carried at fair value 
     (5,561) 
     563,360  
     (568,921)
  
    Change in fair value of warrant liability 
     (17,731) 
     15,643  
     (33,374)
  
    Arbitration settlement reserve 
     (66,217) 
     43,500  
     (109,717)
  
    Other income (expense), net 
     (1,274,450) 
     (3,913,773