Company: GAME
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023589
Chunk: 15

Company: GameSquare Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 15
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100.00% 
    UK Pound
  
    Click Management Pty Ltd 
    Australia 
     100.00% 
    Australian Dollar
  
    GameSquare Esports (USA) Inc. (dba as Fourth Frame Studios) 
    USA 
     100.00% 
    US Dollar
  
    GCN Inc. 
    USA 
     100.00% 
    US Dollar
  
    Faze Clan Inc. 
    USA 
     100.00% 
    US Dollar
  
    Swingman LLC (dba as Zoned) 
    USA 
     100.00% 
    US Dollar
  
    Mission Supply LLC 
    USA 
     100.00% 
    US Dollar
  
    SideQik, Inc. 
    USA 
     100.00% 
    US Dollar

(c)
Use of estimates

The
preparation of consolidated financial statements in accordance with GAAP requires management to make estimates and assumptions that affect
the reported amount of assets and liabilities at the date of the financial statements and the reported amount of revenue and expenses
during the reporting period. Management evaluates these estimates and judgments on an ongoing basis and bases its estimates on historical
experience, current and expected future conditions, third-party evaluations and various other assumptions that management believes are
reasonable under the circumstances. Significant estimates have been used by management in conjunction with the following: (i) credit
losses on promissory notes receivable; (ii) valuation of convertible debt; (iii) contingent liabilities; (iv) share-based compensation;
(v) assumptions used in business combinations, primarily related to management forecasting of operating cash flows; and (vi) testing
for impairment of long-lived assets and goodwill. Actual results may differ from the estimates and assumptions used in the consolidated
financial statements.

    7

(d)
Concentration of credit risk

The
Company places its cash, which may at times be in excess of United States’ Federal Deposit Insurance Corporation insurance limits,
with high credit quality financial institutions and attempts to limit the amount of credit exposure with any one institution.

The
Company had no customers whose revenue accounted for more than 10% of total revenue for the nine months ended September 30, 2025 and
2024, respectively.

No
customers individually accounted for more than 10% of the Company’s accounts receivable as of September 30, 2025 and December 31,
2024.

(e)
Segment reporting

In
accordance with the ASC 280, Segment