Company: LTRYW
Filing Date: 2025-05-21
Form Type: 10-Q
Source: 0001641172-25-011865
Chunk: 54

Company: Lottery.com Inc.
Filing Date: 2025-05-21
Form: 10-Q
Item: Part I, Item 2
Chunk 54
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  Revenue                     $             223,849      $            259,319         (35,470       -14  
  Cost                                      162,468                    83,787          78,681        94  
  Gross                                      61,381                   175,532        (114,151       -65  
  Operating                                                                                              
  Personnel                                 686,637                   984,679        (298,042       -30  
  Professional                            1,089,207                 2,018,955        (929,748       -46  
  General                                   738,693                 1,481,745        (743,052       -50  
  Depreciation                            1,026,826                 1,284,982        (258,156       -20  
  Total                                   3,541,363                 5,770,361      (2,228,998       -39  
  Loss                                   (3,479,982      $         (5,594,829      (2,114,847       -38  
  Other                                                                                                  
  Interest                                 (124,581                   102,217        (226,758      -222  
  Other                                     (64,571                    52,676        (117,247      -223  
  Total                                    (189,112                   154,893        (344,005      -222  
  Net                         $          (3,290,870      $         (5,749,722       2,458,852       -43  
  Income                                      4,150                     4,150               -        -%  
  Net                                    (3,295,020                (5,753,872       2,458,852       -43  

Revenue

Revenue

Cost
of Revenue

Gross
Profit. Gross profit for the three months ended March 31, 2025 was $61,000 compared to $175,000 for the three months ended March 31,
2024, a decrease of $114,000, or (65%). The S& MI subsidiary had a negative gross margin of $68,000 and the TinBu and Global Gaming
subsidiaries had decreases in gross margin of $25,000 and $23,000, respectively, for the three months ended March 31, 2025 as compared
with the prior year.

Operating
Costs and Expenses.

                          For                                                                              
                          the three months