Company: LTRYW
Filing Date: 2025-10-15
Form Type: 10-Q/A
Source: 0001493152-25-018121
Chunk: 25

Company: Lottery.com Inc.
Filing Date: 2025-10-15
Form: 10-Q/A
Chunk 25
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   |
| Total assets                           |     | $ | 14,155,051 |   |
| Accounts payable and other liabilities |     | $ |   (387,484 | ) |
| Director’s Loan *                      |     |   |            |   |
| Customer deposits                      |     |   |   (134,707 | ) |
| Related party loan                     |     |   |   (417,017 | ) |
| Total liabilities                      |     | $ |   (939,208 | ) |
| Total net assets of Acquirees          |     | $ | 13,215,843 |   |

Goodwill recognized in connection with the
acquisition - is primarily attributed to an anticipated growing lottery market in Mexico that is expected to be achieved from the integration
of these Mexican entities. None of the goodwill is expected to be deductible for income tax purposes.

Following are details of the purchase price allocated to the intangible
assets acquired.

Schedule of Intangible Assets Acquired

| Category                   |     | Fair Value |           |
|:---------------------------|:----|:-----------|----------:|
| Customer relationships     |     | $          |   410,000 |
| Gaming licensees           |     |            | 4,020,000 |
| Trade names and trademarks |     |            | 2,540,000 |
| Technology                 |     |            | 1,620,000 |
| Total Intangibles          |     |            | 8,590,000 |

S&MI Ltd Acquisition

On September 1, 2024, the Company
finalized an agreement for the acquisition of S&MI, Ltd. with its shareholders (the “Share Purchase and Sale
Agreement”), wherein the Purchase Price is the total equivalent One Million Dollars USD ($1,000,000.00)
in restricted stock units of common shares in the Company. (the “Payment-In-Kind”) fixed at Three Dollars USD ($3.00)
per share (the “Fixed Price”). Purchase Price is to be paid out over five payments on the following schedule: The
first payment of $150,000
in restricted common stock (50,000
shares) of the Company is due and payable on September 1, 2024 (the “Completion Date” the “First Issuance
Date”.). The remaining payments in restricted common stock to the shareholders of S&MI Ltd. by the Company will be made as
follows: (i