Company: GAME
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023589
Chunk: 30

Company: GameSquare Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 30
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    Software 
     1,830,000  
     (608,589) 
    $(1,221,411) 
     - 
  
    Total intangible assets 
    $19,529,804  
    $(4,796,174) 
    $(8,054,826) 
    $6,678,804 

    As of December 31, 2024 

    Original cost  
    Accumulated amortization  
    Accumulated impairment losses  
    Carrying value 
  
    Customer relationships 
    $12,058,560  
    $(2,056,023) 
    $(2,655,946) 
    $7,346,591 
  
    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 $1.0 million and $2.2 million for the nine months ended September 30,
2025 and 2024, respectively; and $0.3 million and $0.6 million for the three months ended September 30, 2025 and 2024, respectively.

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

Schedule of amortization expense for intangible assets 

    2025 
    $392,371 
  
    2026 
     1,388,366 
  
    2027 
     1,031,717 
  
    2028 
     914,800 
  
    2029 
     914,800 
  
    Thereafter 
     2,036,750 
  
    Total estimated amortization expense 
    $6,678,804 

In
connection with the decision