Company: LTRYW
Filing Date: 2025-01-16
Form Type: POS AM
Source: 0001493152-25-002444
Chunk: 268

Company: Lottery.com Inc.
Filing Date: 2025-01-16
Form: POS AM
Chunk 268
---
 | (1,005,000  | ) |     |     |  3,015,000 |
| Internally developed software |     | 2 - 10 years |     |                 |  2,904,473 |     |              | (737,053    | ) |     |     |  2,167,420 |     |                 |  2,192,050 |     |              | (350,232    | ) |     |     |  2,554,241 |
| Domain name                   |     | 15 years     |     |                 |  6,935,000 |     |              | (1,554,083  | ) |     |     |  5,380,917 |     |                 |  6,935,000 |     |              | (1,091,750  | ) |     |     |  5,843,250 |
|                               |     |              |     | $               | 35,259,473 |     | $            | (17,577,599 | ) |     | $   | 17,681,874 |     | $               | 34,547,050 |     | $            | (11,276,978 | ) |     | $   | 23,982,495 |

Amortization expense with respect to intangible assets for the year ended December 31, 2023 and 2022 totaled $ 5,550,882and $ 5,440,908, respectively, which is included in depreciation and amortization in the Statements of Operations. The Company determined that there was an impairment of long-lived assets of $ 412,450during the year ended December 31, 2022, which relates to a project no longer being pursued by the Company. In connection with the annual review of goodwill and intangibles, the Company determined that it was necessary to write down goodwill by $ 5,650,000for TinBu and $ 1,060,200for Global Gaming. The total impairment charges related to goodwill were $ 6,710,200for the year ended December 31, 2023. It was also determined that there was impairment of certain intangible assets related to Global Gaming. As a result, the Company recorded impairment charges of $ 488,300to trade names and trademarks and $ 311,500to technology acquired from Global Gaming. The total impairment charges to