Company: LTRYW
Filing Date: 2025-10-15
Form Type: 10-Q/A
Source: 0001493152-25-018121
Chunk: 45

Company: Lottery.com Inc.
Filing Date: 2025-10-15
Form: 10-Q/A
Chunk 45
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 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 any of those obligations during the years ended December 31, 2021, 2022, 2023, or 2024.

| F-25 |

Leases

The Company had leased office space
in Spicewood, Texas which expired January 31, 2024 and 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.
Following the end of the lease, 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. For the three months ended March 31, 2025 and 2024 rent expense was $87,121
and $29,309,
respectively.

As of December 31, 2024, 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, 
 2025                      
 Thereafter                |     | Amount | 175,000 
       - |
|:--------------------------|:----|:-------|--------:|
| Total                     |     | $      | 175,000 |

Litigation and Other Loss Contingencies

As of March 31, 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 of its size and scope. See Part II, Item 1for
additional information.

Note 14. Related Party Transactions

The Company has entered into transactions
with related parties. The Company regularly reviews these transactions;