Company: GAME
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004869
Chunk: 53

Company: GameSquare Holdings, Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 53
---
     367,487 
  
    Line of credit 
     3,501,457  
     4,518,571 
  
    Convertible debt carried at fair value 
     6,481,704  
     - 
  
    Warrant liability 
     14,314  
     102,284 
  
    Arbitration reserve 
     199,374  
     428,624 
  
    Total current liabilities 
     54,762,972  
     36,177,080 
  
    Convertible debt carried at fair value 
     9,908,784  
     8,176,928 
  
    Operating lease liability 
     2,054,443  
     1,994,961 
  
    Total liabilities 
     66,726,199  
     46,348,969 
  
    Commitments and contingencies (Note 14) 
     -  
     - 
  
    Preferred stock (no par value, unlimited shares authorized, zero shares issued and outstanding as
    of December 31, 2024 and December 31, 2023, respectively) 
     -  
     - 
  
    Common stock (no par value, unlimited shares authorized,  32,635,995 and 12,989,128 shares issued and outstanding as of  December 31, 2024 and December 31, 2023, respectively) 
     -  
     - 
  
    Additional paid-in capital 
     119,441,634  
     91,915,169 
  
    Accumulated other comprehensive loss 
     (208,617) 
     (132,081)
  
    Non-controlling interest 
     14,942,287  
     - 
  
    Accumulated deficit 
     (122,171,056) 
     (73,420,149)
  
    Total shareholders’ equity 
     12,004,248  
     18,362,939 
  
    Total liabilities and shareholders’ equity 
    $78,730,447  
    $64,711,908 

The
accompanying notes are an integral part of these consolidated financial statements.

F-6

GameSquare
Holdings, Inc.

Consolidated
Statements of Operations and Comprehensive Loss

    2024  
    2023