Company: LTRYW
Filing Date: 2025-11-20
Form Type: 10-Q
Source: 0001493152-25-024384
Chunk: 294

Company: Lottery.com Inc.
Filing Date: 2025-11-20
Form: 10-Q
Item: Part I, Item 2
Chunk 294
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 concert events, and ticket sales in international jurisdictions.

 10 

Results
of Operations

Our
consolidated financial statements have been prepared assuming that we will continue as a going concern and, accordingly, do not include
adjustments relating to the recoverability and realization of assets and classification of liabilities that might be necessary should
we be unable to continue in operation. We will require additional capital to meet our long-term operating requirements. We expect to
raise additional capital through, among other things, the sale of equity or debt securities.

Three
Months Ended September 30, 2025 Compared to Three Months Ended September 30, 2024

The
following table summarizes our results of operations for the three months ended September 30, 2025 and September 30, 2024, respectively.

    For the three months Ended  

    September 30,  

    2025  
    2024  
    $ Change  
    % Change 

    Revenue 
    $137,769  
    $200,653  
     (62,884) 
     -31%
  
    Cost of revenue 
     204,868  
     86,315  
     118,553  
     137%
  
    Gross profit 
     (67,189) 
     114,338  
     (181,527) 
     -159%

    Operating expenses: 

    Personnel costs 
     360,135  
     679,346  
     (319,211) 
     -47%
  
    Professional fees 
     1,613,268  
     1,205,900  
     407,368  
     34%
  
    General and administrative 
     1,498,490  
     681,345  
     817,145  
     120%
  
    Depreciation and amortization 
     1,180,132  
     1,207,913  
     (27,787) 
     -2%
  
    Total operating expenses 
     4,652,025  
     3,774,504  
     877,521  
     23%
  
    Loss from operations 
     (4,719,214) 
    $(3,660,166) 
     (1,059,048)