Company: GAME
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023589
Chunk: 236

Company: GameSquare Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 2
Chunk 236
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.5 million, in comparison to $1.2 million for the same
period in 2024. The variance between the periods was not significant.

Research
and development

Research
and development expenses for the three months ended September 30, 2025, was $0.5 million, in comparison to $0.5 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 September 30, 2025, was $0.3 million, in comparison to $0.4 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 September 30, 2025, were $(1.5) million, in comparison to $0.3 million
for the same period in 2024. The decrease was due to initiative the Company started in the third quarter of 2025 to write off significantly
aged AP (three + years) relating to discontinued operations and services, wherein the local statute of limitations has expired for legal
recourse by the vendor.

Other
operating expenses

Other operating expenses for the three months ended September 30, 2025, was $1.1 million, in comparison to $1.3 million
for the same period in 2024. Other operating expenses between the quarters consisted primarily of transaction related expenses. The variance
between the periods was not significant.

Other
income and expenses

Interest income (expense),
net

Interest (income) expense, net for the three months ended September 30, 2025, was $0.2 million, in comparison to
$0.2 million for the same period in 2024. The variance between the periods was not significant.

Loss on extinguishment
of debt

Loss on extinguishment of
debt for the three months ended September 30, 2025, was $0, in comparison to $1.0 million for the same period in 2024. The Company recognized
a day one loss on issuance of debt of $1.4 million on July 8, 2024 in connection with the issuance of the Yorkville CD. The loss is presented