Company: GAME
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023589
Chunk: 187

Company: GameSquare Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 187
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    Restructuring costs 
     (1,535,097) 
     330,167  
     (814,377) 
     330,167 
  
    Loss on extinguishment of debt 
     -  
     1,032,070  
     -  
     1,032,070 
  
    Change in fair value of warrant liability 
     (19,659) 
     (26,482) 
     (7,275) 
     (79,382)
  
    Change in fair value of convertible debt carried at fair value 
     38,033  
     98,937  
     (289,883) 
     (357,822)
  
    Gain on disposition of subsidiary 
     -  
     -  
     (2,721,953) 
     (3,009,891)
  
    Loss from discontinued operations 
     6,755,224  
     3,528,876  
     11,876,550  
     12,479,696 
  
    Adjusted EBITDA 
    $(604,377) 
    $(887,774) 
    $(6,340,682) 
    $(8,837,627)

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 of capital as well as maintenance of liquidity. As we do not
presently generate sufficient revenue to cover costs, managing liquidity risk is dependent upon the ability to reduce monthly operating
cash outflow and secure additional financing. The recoverability of