Company: GAME
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004869
Chunk: 190

Company: GameSquare Holdings, Inc.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1B
Chunk 190
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054,030  
     47,465 
  
    Cash and restricted cash shown in the consolidated statements of cash flows 
    $13,148,980  
    $2,992,838 

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

F-10

GameSquare
Holdings, Inc.

Notes
to the Consolidated Financial Statements

1.
Corporate information and going concern

(a)
Corporate information

GameSquare
Holdings, Inc. (formerly Engine Gaming & Media, Inc.) (“GameSquare” or the “Company”) is a corporation existing
under the laws of the State of Delaware as of March 7, 2024 (and was a corporation existing under the Business Corporations Act (Province
of British Columbia) prior to March 7, 2024). The registered head office of the Company is 6775 Cowboys Way, Ste. 1335, Frisco, Texas,
USA, 75034.

GameSquare,
(NASDAQ: GAME) completed its Plan of Merger (the “Merger”) with FaZe Holdings, Inc. (“FaZe”) on March 7, 2024,
resulting in the Company acquiring all the issued and outstanding securities of FaZe (see Note 4).

GameSquare
is a vertically integrated, digital media, entertainment and technology company that connects global brands with gaming and youth culture
audiences. GameSquare’s end-to-end platform includes Gaming Community Network (“GCN”), a digital media company focused
on gaming and esports audiences, Swingman LLC dba as Zoned, a gaming and lifestyle marketing agency, Code Red Esports Ltd. (“Code
Red”), a UK based esports talent agency, FaZe Holdings Inc. (“FaZe”), a lifestyle and media platform rooted in gaming
and youth culture whose premium brand, talent network, and large audience can be monetized across a variety of products and services,
GSQ dba as Fourth Frame Studios, a creative production studio, Mission Supply, a merchandise and consumer products business, Frankly
Media, programmatic advertising, Stream Hatchet, live streaming analytics, and Sideqik a social influencer marketing platform.

(b)
Going concern

These
consolidated financial statements have been prepared on a going concern basis, which contemplates that the Company will be able to realize
its assets and discharge its liabilities in the normal course of business. Accordingly, they do not give effect to adjustments that would
be necessary should the Company be