Company: LTRYW
Filing Date: 2025-04-09
Form Type: 10-K/A
Source: 0001641172-25-003412
Chunk: 157

Company: Lottery.com Inc.
Filing Date: 2025-04-09
Form: 10-K/A
Chunk 157
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 purchase price, net of cash on hand at Global Gaming and the principal amount of certain loans acquired. The purchase
price is for an80% ownership interest and is therefore grossed up to $13,215,842
to reflect the 20%
minority interest in the acquirees. The purchase price was allocated to the identified tangible and intangible assets acquired based
on their estimated fair values at the acquisition date as follows:

Schedule of Identified Tangible and Intangible Asset Acquired

| Cash                                   |     | $ |    517,460 |   |
| Accounts receivable, net               |     |   |     34,134 |   |
| Prepaids                               |     |   |      5,024 |   |
| Property and equipment, net            |     |   |      2,440 |   |
| Other assets, net                      |     |   |     65,349 |   |
| Intangible assets                      |     |   |  8,590,000 |   |
| Goodwill                               |     |   |  4,940,643 |   |
| Total assets                           |     | $ | 14,155,050 |   |
| Accounts payable and other liabilities |     | $ |   (387,484 | ) |
| Customer deposits                      |     |   |   (134,707 | ) |
| Related party loan                     |     |   |   (417,017 | ) |
| Total liabilities                      |     | $ |   (939,208 | ) |
| Total net assets of Acquirees          |     | $ | 13,215,842 |   |

Goodwill recognized in connection with the acquisition - is primarily attributed to an anticipated growing lottery market in Mexico that is expected to be achieved from the integration of these Mexican entities. None of the goodwill is expected to be deductible for income tax purposes.

Following are details of the purchase price allocated to the intangible assets acquired.

Schedule of Intangible Assets Acquired

| Category                   |     | Fair Value |           |
|:---------------------------|:----|:-----------|----------:|
| Customer relationships     |     | $          |   410,000 |
| Gaming licensees           |     |            | 4,020,000 |
| Trade names and trademarks |     |            | 2,540,000 |
| Technology                 |     |            | 1,620,000 |
| Total Intangibles          |