Company: LTRYW
Filing Date: 2025-10-15
Form Type: 10-Q/A
Source: 0001493152-25-018121
Chunk: 73

Company: Lottery.com Inc.
Filing Date: 2025-10-15
Form: 10-Q/A
Chunk 73
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 decrease was primarily because payments made to outside attorneys and other consultants in the three months ended March 31, 2024 for retention and efforts on the turnaround did not reoccur in the three months ended March 31, 2025.

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General and Administrative. General and administrative expenses were $739,000 for the three months ended March 31, 2025, a decrease of $743,000 or (50%) from $1.5 million for the three months ended March 31, 2024. The decrease was primarily because payments made to outside consultants and the board of directors in the three months ended March 31, 2024 for retention and efforts on the turnaround did not reoccur in the three months ended March 31, 2025.

Depreciation and Amortization.Depreciation and amortization decreased $258,000, or (20%), from $1.28 million for the three months ended March 31, 2024 to $1.03
million for the three months ended March 31, 2025. The decrease was the result of lower amortization for intangible assets related to
Global Gaming [reduction of $184,000] following write-offs that were recorded in December of 2023 and September of 2024 and because amortization
of intangible assets for TinBu has stopped because they became fully amortized during the first half of 2024 [reduction of $99,000].

Other (Income) Expense, Net.

|                           |     | For the three months Ended |          |   |     |      |         |     |          |          |   |     |          |      |   |
|                           |     |                  March 31, |          |   |     |      |         |     |          |          |   |     |          |      |   |
|                           |     |                       2025 |          |   |     | 2024 |         |     | $ Change |          |   |     | % Change |      |   |
| Other expenses            |     |                            |          |   |     |      |         |     |          |          |   |     |          |      |   |
| Interest expense          |     |                            | (124,541 | ) |     |      | 102,217 |     |          | (226,758 | ) |     |          | -222 | % |
| Other (income) expense