Company: GAME
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004869
Chunk: 582

Company: GameSquare Holdings, Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 3
Chunk 582
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 software used in production or administration and brand names and customer relationships that qualify for recognition
as an intangible asset in a business combination. They are accounted for using the cost model whereby capitalized costs are amortized
on a straight-line basis over their estimated useful lives, as these assets are considered finite. Residual values and useful lives are
reviewed at each reporting date.

The
useful lives of the intangibles are as follows:

 Schedule of useful lives of intangibles

    Software
    5
    years
  
    Talent network
    2 years
  
    Brands
    5-10
    years
  
    Customer
    relationships
    5-20
    years 

Acquired
computer software licenses are capitalized on the basis of the costs incurred to acquire and install the specific software. Subsequent
expenditure on brands is expensed as incurred. Costs associated with maintaining computer software (expenditure relating to patches and
other minor updates as well as their installation), are expensed as incurred.

Other
intangible assets, such as brands, that are acquired by the Company are stated at cost less accumulated amortization and impairment losses.
Expenditures on internally generated brands, mastheads or editorial pages, publishing titles, customer lists and items similar in substance
is recognized in the consolidated statement of loss and comprehensive loss as an expense as incurred.

(o)
Research and development costs

Research
costs are expensed when incurred. Development costs are capitalized when the feasibility and profitability of the project can be reasonably
considered certain. Expenditure on development activities, whereby research findings are applied to a plan or design to produce new or
substantially improved products and processes, is capitalized if the product or process is technically and commercially feasible and
the Company has sufficient resources to complete development. The expenditure capitalized includes the cost of materials, direct labor
and an appropriate proportion of overheads. Other development expenditure is recognized in the consolidated statement of loss and comprehensive
loss as an expense as incurred. Capitalized development expenditure is stated at cost less accumulated amortization and impairment losses.

    F-17

(p)
Impairment of long-lived assets and goodwill

Long-lived
assets consist of property and equipment, right-of-use assets and intangible assets. The Company assesses for impairment of asset groups,
including intangible assets, at least annually, or more frequently if there are any indicators for impairment.

Goodwill
and indefinite life intangible assets are tested for impairment annually or when there