Company: GAME
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-023972
Chunk: 102

Company: GameSquare Holdings, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 102
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.7 million and $1.6 million for the six months ended June 30, 2025
and 2024, respectively; and $0.5 million and $0.8 million for the three months ended June 30,
2025 and 2024, respectively.

Amortization
expense for the intangible assets is expected to be as follows over the next five years, and thereafter:

Schedule of amortization expense for intangible assets 

    2025 
    $485,202 
  
    2026 
     850,820 
  
    2027 
     255,969 
  
    2028 
     255,969 
  
    2029 
     255,969 
  
    Thereafter 
     3,127,098 
  
    Total estimated amortization expense 
    $5,231,027 

There
were no impairment charges related to other intangible assets incurred during the six months ended June 30, 2025 and 2024, respectively.

6.
Leases

On
June 30, 2021, the Company acquired Complexity. Complexity leased a building in Frisco, Texas. Upon the sale of Complexity (see Note
4), the lease was assigned to GameSquare Esports (USA), Inc. and the Company entered into an agreement to sublease the building to Complexity
for a 12-month period. The lease has an original lease period expiring in April 2029. The lease agreement does not contain any material
residual value guarantees or material restrictive covenants.

On
April 1, 2024, GameSquare Holdings, Inc. leased a building in Culver City, CA, which it later assigned to Faze Media Inc. on May 15,
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 Company disposed of Faze Media Inc. on April 1, 2025, including the lease right-of-use
assets and lease liabilities (see Note 17).

    12

The
components of operating lease expense are as follows:

Schedule of components operating lease expense 

    2025  
    2024  
    2025  
    2024 

    Three months ended June 30,  
    Six months ended June 30,