Company: LTRYW
Filing Date: 2025-11-20
Form Type: 10-Q
Source: 0001493152-25-024384
Chunk: 42

Company: Lottery.com Inc.
Filing Date: 2025-11-20
Form: 10-Q
Item: Part I, Item 1
Chunk 42
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 and have a weighted
average remaining contractual life of 2.7 years. The 245,506 warrants issued during 2024 are fully vested and have a weighted average
remaining contractual life of 3.5 years. The Company did not incur any expense for the three months ended September 30, 2025 and recorded
expenses of $693,397 for the year ended December 31, 2024.

Schedule
of Common Stock Warrant

    Weighted  

    Weighted  
    Average  

    Average  
    Remaining  
    Aggregate 

    Number of  
    Exercise  
    Contractual  
    Intrinsic 

    Shares  
    Price  
    Life (years)  
    Value 
  
    Outstanding at December 31, 2024 
     247,948  
     0.29  
     3.74  
    $1,893,794 
  
    Granted 
     -  
     -  
     -  

    Exercised 
     -  
     -  
     -  

    Forfeited/cancelled 
     -  
     -  
     -  

    Outstanding at September 30, 2025 
     247,988  
    $0.29  
     3.23  
    $2,710,316 

     F-21 

Earnout
Shares

As
detailed in Note 4 - as part of the TDAC Combination as of December 31, 2021 a total of 500,000 Earnout Shares were eligible for
issuance until December 31, 2022. Conditions for the earnout were not met and the potential earnout shares were forfeited on December
31, 2022.

Note
11. Stock-based Compensation

Expense
2015 Stock Option Plan

Prior
to the closing of the Business Combination, AutoLotto had the AutoLotto, Inc. 2015 Stock Option/Stock Issuance Plan (the “2015
Plan”) in place. Under the 2015 Plan, incentive stock options may be granted at a price not less than fair market value of the
common stock (110% of fair value to holders of 10% or more of voting stock). If the Common Stock is at the time of grant listed on any
Stock Exchange, then