Company: GAME
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010979
Chunk: 141

Company: GameSquare Holdings, Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 8
Chunk 141
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,830,000  
     (608,589) 
    $(1,221,411) 
     - 
  
    Total
    intangible assets 
    $24,836,548  
    $(5,075,206) 
    $(4,661,577) 
    $15,099,765 

    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 $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