Company: GAME
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010979
Chunk: 158

Company: GameSquare Holdings, Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 8
Chunk 158
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 assets and liabilities measured at fair value on a recurring basis:

Schedule
of financial assets and liabilities measured at fair value on a recurring basis 

    As
    of March 31, 2025 
  
    Description 
    Level
    1  
    Level
    2  
    Level
    3  
    Total 
  
    Liabilities: 

    Warrant liability 
     -  
     -  
     8,991  
     8,991 
  
    Arbitration reserve 
     143,791  
     -  
     -  
     143,791 
  
    Convertible debt 
     -  
     -  
     11,859,762  
     11,859,762 

    As
    of December 31, 2024 
  
    Description 
    Level
    1  
    Level
    2  
    Level
    3  
    Total 
  
    Liabilities: 

    Warrant liability 
     -  
     -  
     14,314  
     14,314 
  
    Arbitration reserve 
     199,374  
     -  
     -  
     199,374 
  
    Convertible debt 
     -  
     -  
     16,390,488  
     16,390,488 

(a)
Fair values measured on a non-recurring basis

The
Company’s non-financial assets, such as property and equipment, goodwill and intangible assets, are recorded at fair value upon
a business combination and are remeasured at fair value only if an impairment charge is recognized. The Company’s investment, accounted
for under the measurement alternative of ASC 321, is remeasured at fair value only upon an observable price change or if an impairment
charge is recognized. The Company uses unobservable inputs to the valuation methodologies that are significant to the fair value measurements,
and the valuations require management’s judgment due to the absence of quoted market prices. The Company determines the fair value
of its held and used assets, goodwill and intangible assets using an income, cost or market approach as determined reasonable.

17.
Discontinued operations

As
discussed in Note 4, on March 1, 2024, the Company sold Complexity and recognized a gain on disposition