Company: LTRYW
Filing Date: 2025-11-20
Form Type: 10-Q
Source: 0001493152-25-024384
Chunk: 47

Company: Lottery.com Inc.
Filing Date: 2025-11-20
Form: 10-Q
Item: Part I, Item 1
Chunk 47
---
, December 31, 2023, and December 31, 2022, the Company did not incur any obligations to the holders of the outstanding
Digital Securities. For the year ended December 31, 2021, the Company incurred an obligation to pay an aggregate amount of approximately
$5,632 to holders of the outstanding Digital Securities. The Company did not satisfy those obligations during the three months ended
September 30, 2025 or the years ended December 31, 2024, 2023, 2022, or 2021.

Leases

The
Company leased office space in Spicewood, Texas which expired January
31, 2024 and had continued to utilize that facility on a month-to-month basis with monthly rent of $1,669
per month until August 31, 2024. On September 1, 2024, the Company moved its headquarters to Fort Worth, Texas under a membership
agreement with monthly cost of $154.
Additionally, the Company had leased retail space in Waco, Texas which expired on December 31, 2024 with monthly rent of $2,434.
The space in Waco Texas was retained on a month to month basis until April 30, 2025. The Company also leases a campus in Boca Raton
Florida for $25,000
per month under a 12 month lease agreement that commenced on August 1, 2024 and continues thru July
31, 2025. The campus in Boca Raton, Florida has been retained on a month to month basis. For the three months ended September
30, 2025 and 2024 rent expense was $24,426
and $12,309,
respectively.

As
of September 30, 2025, future minimum rent payments due under non-cancellable leases with initial are as follows:

Schedule
of Future Minimum Rent Payments Due Under Non-Cancellable Leases 

    Years ending December 31, 
    Amount 
  
    2025 
               0 
  
    Thereafter 
     - 
  
    Total 
    $0 

Litigation
and Other Loss Contingencies

As
of September 30, 2025, there were no pending proceedings that are deemed to be materially detrimental. The Company is a party to legal
proceedings in the ordinary course of its business. The Company believes that the nature of these proceedings is typical for a company