Company: GAME
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010979
Chunk: 172

Company: GameSquare Holdings, Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 8
Chunk 172
---
,948)
  
    Interest expense 
     49,558  
     435,128 
  
    Amortization and depreciation 
     581,795  
     755,449 
  
    Share-based payments 
     28,998  
     419,228 
  
    Transaction costs 
     745,377  
     1,093,420 
  
    Arbitration settlement
    reserve 
     (55,583) 
     (95,125)
  
    Restructuring costs 
     577,871  
     - 
  
    Change in fair value of
    warrant liability 
     (5,347) 
     (37,257)
  
    Change in fair value of
    convertible debt carried at fair value 
     (333,477) 
     106,601 
  
    Gain on disposition of
    subsidiary 
     298,382  
     (3,009,891)
  
    Loss from discontinued
    operations 
     24,480  
     1,463,074 
  
    Net loss attributable to
    non-controlling interest 
     2,018,132  
     - 
  
    Net
    loss attributable to non-controlling interest (adjustment for NCI share of add backs to Adjusted EBITDA) 
     (164,561) 
     - 
  
    Adjusted EBITDA 
    $(3,408,111) 
    $(4,130,321)

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 on our working capital
position.

Our
approach to managing liquidity risk is to ensure that we will have sufficient liquidity to meet liabilities when due. Our liquidity and
operating results may be adversely affected if our access to the capital market is hindered, whether as a result of a downturn in stock
market conditions generally or as a result of conditions specific to the Company.

We
regularly evaluate our cash position to ensure preservation and security