Company: GAME
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-023972
Chunk: 232

Company: GameSquare Holdings, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 232
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and marketing expenses for the three months ended June 30, 2025, was $1.5 million, in comparison to $1.6 million for the same period
in 2024. The decrease was primarily related to continued efforts made by the Company to reduce operating expenses during the second half
of 2024 and first half of 2025, primarily through reductions in headcount, technology expenses and other overhead.

Research
and development

Research
and development expenses for the three months ended June 30, 2025, was $0.6 million, in comparison to $0.6 million for the same period
in 2024. The variance between the periods was not significant.

Depreciation
and amortization

Depreciation
and amortization for the three months ended June 30, 2025, was $0.3 million, in comparison to $0.6 million for the same period in 2024.
The decrease was primarily related to intangible asset impairments taken at December 31, 2024, reducing the go forward amortization as
compared to the same period in the prior year.

Restructuring
charges

Restructuring
charges for the three months ended June 30, 2025, were $0.2 million, in comparison to $0 for the same period in 2024. The increase was
primarily related to continued efforts made by the Company to reduce operating expenses during the second half of 2024 and first half
of 2025, primarily through reductions in headcount, technology expenses and other overhead, which lead to additional restructuring costs.

Other
operating expenses

Other
operating expenses for the three months ended June 30, 2025, was $0.5 million, in comparison to $1.0 million for the same period in 2024.
Other operating expenses between the quarters consisted primarily of transaction related expenses. The Company incurred transaction costs
in the 2025 period connected to the disposal of Faze Media Inc. on April 1, 2025, in addition to a couple of M&A opportunities that
were pursued during the quarter but ultimately did not sign. The 2024 period included transaction costs related to the acquisition of
FaZe and disposal of Complexity and Frankly Media assets.

Other
income and expenses

Interest
expense, net

Interest
expense income (expense), net for the three months ended June 30, 2025, was $45