Company: LTRYW
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001641172-25-024882
Chunk: 121

Company: Lottery.com Inc.
Filing Date: 2025-08-19
Form: 10-Q
Item: Part I, Item 8
Chunk 121
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     3,254,800  
     (2,817,212) 
     1,937,588  
     3,254,800  
     (2,737,567) 
     517,233 
  
    Software agreements 
     6 years  
     14,450,000  
     (12,790,000) 
     1,247,500  
     14,450,000  
     (11,545,000) 
     2,905,000 
  
    Gaming license 
     6 years  
     4,020,000  
     (2,680,000) 
     1,340,000  
     4,020,000  
     (2,345,000) 
     1,675,000 
  
    Internally developed software 
     2 - 10 years  
     3,316,923  
     (1,627,839) 
     1,689,084  
     3,316,923  
     (1,450,754) 
     2,342,969 
  
    Domain name 
     15 years  
     6,935,000  
     (2,247,583) 
     4,687,417  
     6,935,000  
     (2,016,417) 
     4,832,565 

    $35,905,923  
    $(25,875,668) 
    $11,117,755  
    $35,905,923  
    $(23,727,540) 
    $12,569,165 

Amortization
expense with respect to intangible assets for the three months ended June 30, 2025 and 2024 totaled $1,073,190 and $1,327,914, respectively,
and for the six months ended June 30, 2025 and 2024 totaled $2,098,298 and $2,610,050, 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 $412,450
during the year ended December 31, 2022, which relates to a project no longer being pursued by