Company: LTRYW
Filing Date: 2025-01-16
Form Type: POS AM
Source: 0001493152-25-002444
Chunk: 265

Company: Lottery.com Inc.
Filing Date: 2025-01-16
Form: POS AM
Chunk 265
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 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 |

Note 5. Property and Equipment, net

Property and equipment, net as of December 31, 2023 and 2022, consisted of the following:

Schedule of Property and Equipment

|                             |     | 2023 | December 31, |   |     | 2022 | December 31, |   |
|:----------------------------|:----|:-----|-------------:|:--|:----|:-----|-------------:|:--|
| Computers and equipment     |     | $    |      124,199 |   |     | $    |      124,199 |   |
| Furniture and fixtures      |     |      |       16,898 |   |     |      |       16,898 |   |
| Software                    |     |      |    2,026,200 |   |     |      |    2,026,200 |   |
| Property and equipment      |     |      |    2,167,297 |   |     |      |    2,167,297 |   |
| Accumulated depreciation    |     |      |   (2,145,988 | ) |     |      |   (2,059,219 | ) |
| Property and equipment, net |     | $    |       21,309 |   |     | $    |      108,078 |   |

Depreciation
expense for the years ended December 31, 2023 and 2022 amounted to $90,744 and $160,466, respectively.

| F-60 |

Note 6. Prepaid Expenses

Prepaid expenses consist primarily of advertising credits from two top tier media organizations that operate in the United States. The advertising credits were obtained in return for warrants, shares of common stock and shares of preferred stock. The agreements do not specify a time period for utilizing these credits and there is no requirement to provide cash or other consideration in