Company: GAME
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004869
Chunk: 687

Company: GameSquare Holdings, Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 4
Chunk 687
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 1,994,961 
  
    Total liabilities 
     66,726,199  
     46,348,969 
  
    Commitments and contingencies (Note 14) 
     -  
     - 
  
    Preferred stock (no par value, unlimited shares authorized, zero shares issued and outstanding as
    of December 31, 2024 and December 31, 2023, respectively) 
     -  
     - 
  
    Common stock (no par value, unlimited shares authorized,  32,635,995 and 12,989,128 shares issued and outstanding as of  December 31, 2024 and December 31, 2023, respectively) 
     -  
     - 
  
    Additional paid-in capital 
     119,441,634  
     91,915,169 
  
    Accumulated other comprehensive loss 
     (208,617) 
     (132,081)
  
    Non-controlling interest 
     14,942,287  
     - 
  
    Accumulated deficit 
     (122,171,056) 
     (73,420,149)
  
    Total shareholders’ equity 
     12,004,248  
     18,362,939 
  
    Total liabilities and shareholders’ equity 
    $78,730,447  
    $64,711,908 

The
accompanying notes are an integral part of these consolidated financial statements.

F-6

GameSquare
Holdings, Inc.

Consolidated
Statements of Operations and Comprehensive Loss

    2024  
    2023 

    Year ended December 31, 

    2024  
    2023 
  
    Revenue 
    $96,198,101  
    $41,303,381 
  
    Cost of revenue 
     80,924,985  
     31,201,859 
  
    Gross profit 
     15,273,116  
     10,101,522 
  
    Operating expenses: 

    General and administrative 
     25,074,294  
     13,587,575 
  
    Selling and marketing 
     9,131,270  
     6,305,939 
  
    Research and development 
     3,247,774