Company: GAME
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023589
Chunk: 29

Company: GameSquare Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 29
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 30, 2025, and are included in Other income (expense), net in the condensed consolidated statements of operations.

7.
Goodwill and intangible assets

(a)
Goodwill

The
following table presents the changes in the carrying amount of goodwill:

Schedule of goodwill 

    Balance, December 31, 2023 
    $16,303,989 
  
    Acquisition of FaZe 
     7,147,428 
  
    Disposal of Frankly Media assets 
     (3,315,139)
  
    Impairment of Stream Hatchet 
     (4,945,299)
  
    Impairment of Sideqik 
     (2,486,000)
  
    Balance, December 31, 2024 
    $12,704,979 
  
    Disposal of FaZe Media 
     (7,147,428)
  
    Acquisition of Click 
     3,805,052 
  
    Impairment of Frankly 
     (5,141,849)
  
    Balance, September 30, 2025 
    $4,220,754 

In
connection with the decision in the third quarter of 2025 to discontinue the operations of Frankly (Note 19), the remaining value of
goodwill and intangible assets of Frankly were impaired. Goodwill and intangible assets impairment charges were $5.1 million and $3.4
million, respectively, and were recorded within Net income (loss) from discontinued operations on the consolidated statements of operations
and comprehensive loss.

    14

(b)
Intangible assets, definite lived

Intangible
assets, definite lived consist of the following:

Schedule of  intangible assets 

    As of September 30, 2025 

    Original cost  
    Accumulated amortization  
    Accumulated impairment losses  
    Carrying value 
  
    Customer relationships 
    $10,443,591  
    $(2,359,912) 
    $(6,049,195) 
    $2,034,484 
  
    Talent network 
     4,140,000  
     (383,972) 
    $-  
     3,756,028 
  
    Brand name 
     3,116,213  
     (1,443,701) 
    $(784,220) 
     888,292