Company: GAME
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010979
Chunk: 84

Company: GameSquare Holdings, Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 84
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,346,591

    Talent
    network
     
    $
    1,100,000

    $
    (458,333
    )

    -

    641,667

    Brand
    name

    9,540,261

    (1,478,563
    )

    (784,220
    )

    7,277,478

    Software

    1,830,000

    (608,589
    )

    (1,221,411
    )

    -

    Total
    intangible assets
     
    $
    24,528,821

    $
    (4,601,508
    )
     
    $
    (4,661,577
    )
     
    $
    15,265,736

The
Company recognized amortization expense for intangible assets of $0.5 million and $0.8 million for the three months ended March 31, 2025
and 2024, respectively.

Amortization
expense for the intangible assets is expected to be as follows over the next five years, and thereafter:

Schedule of amortization expense for intangible assets 

    2025 
    $1,376,302 
  
    2026 
     1,435,856 
  
    2027 
     797,836 
  
    2028 
     797,836 
  
    2029 
     797,836 
  
    Thereafter 
     9,894,099 
  
    Total
    estimated amortization expense 
    $15,099,765 

There
were no impairment charges related to other intangible assets incurred during the three months ended March 31, 2025 and 2024, respectively.

6.
Leases

On
June 30, 2021, the Company acquired Complexity. Complexity leased a building in Frisco, Texas. Upon the sale of Complexity (see Note
4), the lease was assigned to GameSquare Esports (USA), Inc. and the Company entered into an agreement to sublease the building to Complexity
for a 12-month period. The lease has an original lease period expiring in April 2029. The lease agreement does not contain any material
residual value guarantees or material restrictive covenants.

On
April 1, 2024, GameSquare Holdings, Inc. leased a building in Culver City,