Company: GAME
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-023972
Chunk: 164

Company: GameSquare Holdings, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 164
---
AP. The preparation of our condensed consolidated financial statements and related disclosures
requires us to make estimates, assumptions, and judgments as of the balance sheet date that affect the reported amounts of assets, liabilities,
revenues, costs and expenses and related disclosures. Our actual results may differ from these estimates under different assumptions
and conditions. The accounting estimates described in Item 7 of Part II of our Annual Report on Form 10-K for the year ended December 31, 2024 are those
we consider critical in preparing our unaudited Condensed Consolidated Financial Statements. There were no changes to the Company’s
critical accounting policies or estimates during the six months ended June 30, 2025.

Recent
Accounting Pronouncements

See
Note 3 to our condensed consolidated financial statements included in this Quarterly Report on Form 10-Q for a description of recently
adopted accounting pronouncements and recently issued accounting pronouncements not yet adopted, the timing of their adoptions and our
assessment, to the extent we have made one, of their potential impact on our financial condition and results of operations.

ITEM
3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

The
Company is a smaller reporting company as defined by Rule 12b-2 of the Exchange Act and is not required to provide the information required
under this Item.

ITEM
4. CONTROLS AND PROCEDURES

Disclosure
Controls and Procedures

Disclosure
controls and procedures are controls and other procedures that are designed to ensure that information required to be disclosed in our
reports filed or submitted under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in
the SEC’s rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to
ensure that information required to be disclosed in our reports filed or submitted under the Exchange Act is accumulated and communicated
to our management, including our Chief Executive Officer and Chief Financial Officer, to allow timely decisions regarding required disclosure.

40

As
required by Rules 13a-15 and 15d-15 under the Exchange Act, our management carried out an evaluation of the effectiveness of the design
and operation of our disclosure controls and procedures under the supervision of our Chief Executive Officer and our Chief Financial
Officer and concluded that our disclosure controls and procedures were not effective as of June 30, 2025. Material weaknesses relating
to the Design and Implementation of Control Activities and Monitoring Activities were identified. The Company did not