Company: GAME
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-023972
Chunk: 82

Company: GameSquare Holdings, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 82
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501,457 
  
    Promissory note payable, current 
     2,871,076  
     - 
  
    Convertible debt carried at fair value 
     1,669,330  
     6,481,704 
  
    Warrant liability 
     27,164  
     14,314 
  
    Arbitration reserve 
     210,008  
     199,374 
  
    Total current liabilities 
     48,256,122  
     54,762,972 
  
    Convertible debt carried at fair value 
     -  
     9,908,784 
  
    Operating lease liability 
     1,374,054  
     2,054,443 
  
    Total liabilities 
     49,630,176  
     66,726,199 
  
    Commitments and contingencies (Note 14) 
     -  
     - 
  
    Preferred stock ($0.001 par value, 50,000,000 authorized, zero shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively) 
     -  
     - 
  
    Common stock and Additional paid-in capital ($0.001 par value,  100,000,000 shares authorized, 39,123,968 and 32,635,995  shares issued and outstanding as of June 30, 2025 and December  31, 2024, respectively) 
     125,396,697  
     119,441,634 
  
    Accumulated other comprehensive loss 
     (594,074) 
     (208,617)
  
    Non-controlling interest 
     -  
     14,942,287 
  
    Accumulated deficit 
     (130,345,006) 
     (122,171,056)
  
    Total shareholders’ equity 
     (5,542,383) 
     12,004,248 
  
    Total liabilities and shareholders’ equity 
    $44,087,793  
    $78,730,447 

See
accompanying notes to Condensed Consolidated Financial Statements.

1

GAMESQUARE
HOLDINGS, INC.

CONDENSED
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

(unaudited)