Company: GAME
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010979
Chunk: 71

Company: GameSquare Holdings, Inc.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 71
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ENSED
CONSOLIDATED STATEMENTS OF CASH FLOWS

(unaudited)

    2025  
    2024 

    Three
    months ended March 31, 

    2025  
    2024 
  
    Cash flows from operating activities: 

    Net loss 
    $(7,173,736) 
    $(5,260,948)
  
    Adjustments to reconcile
    net loss to net cash used in operating activities: 

    Amortization and depreciation 
     581,795  
     981,998 
  
    Amortization of operating
    lease right-of-use assets 
     176,084  
     88,365 
  
    Gain on disposition of
    Complexity 
     -  
     (3,009,891)
  
    Accretion of promissory
    note receivable 
     (304,283) 
     - 
  
    Change in fair value of
    warrant liability 
     (5,347) 
     (37,257)
  
    Change in fair value of
    arbitration reserve 
     (55,583) 
     (95,125)
  
    Change in fair value of
    convertible debt carried at fair value 
     (333,477) 
     106,601 
  
    Share-based compensation 
     28,998  
     419,228 
  
    Changes in operating assets
    and liabilities: 

    Accounts receivable, net 
     3,025,061  
     (3,653,682)
  
    Government remittances 
     (30,808) 
     (33,365)
  
    Prepaid expenses and other
    current assets 
     432,637  
     (920,355)
  
    Accounts payable, accrued
    expenses and other current liabilities 
     (4,755,822) 
     2,852,196 
  
    Deferred revenue 
     7,942  
     635,661 
  
    Operating
    lease liability 
     (175,826) 
     (89,046)
  
    Net cash used in operating
    activities 
     (8,582,365) 
     (8,015,620)
  
    Cash flows from investing activities: 

    Purchase of property and