Company: LTRYW
Filing Date: 2025-04-21
Form Type: 10-K
Source: 0001641172-25-005487
Chunk: 132

Company: Lottery.com Inc.
Filing Date: 2025-04-21
Form: 10-K
Item: Item 8
Chunk 132
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 the year ended December 31, 2024.

Note
8. Intangible assets, net

Gross
carrying values and accumulated amortization of intangible assets:

Schedule
of Finite Lived Intangible Assets Amortization Expenses

                                     December 31, 2024                                                                                                    
                                     Useful Life                                                                                                          
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Amortizing intangible assets                                                                                                                            
  Customer relationships             6 years                 1,352,200       (1,318,033          34,167       1,350,000       (1,006,389         343,611  
  Trade name                         6 years                 2,577,000       (2,341,333         235,667       2,550,000       (1,555,925         994,075  
  Technology                         6 years                 3,254,800       (2,733,567         521,233       3,050,000       (2,257,205         792,795  
  Software agreements                6 years                14,450,000       (11,545,00       2,905,000      14,450,000       (8,791,944       5,658,056  
  Gaming license                     6 years                 4,020,000       (2,345,000       1,675,000       4,020,000       (1,675,000       2,345,000  
  Internally developed software      2 - 10 years            3,316,923       (1,450,754       2,342,969       2,904,473         (737,053       2,167,420  
  Domain name                        15 years                6,935,000       (1,554,083       4,918,583       6,935,000       (1,554,083       5,380,917  
                                                            35,905,923      (22,996,556      12,632,619      35,259,473      (17,577,599      17,681,874  

Amortization
expense with respect to intangible assets for the year ended December 31, 2024 and 2023 totaled $5,