Company: LTRYW
Filing Date: 2025-11-20
Form Type: 10-Q
Source: 0001493152-25-024384
Chunk: 296

Company: Lottery.com Inc.
Filing Date: 2025-11-20
Form: 10-Q
Item: Part I, Item 2
Chunk 296
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Gross
Profit. Gross profit for the three months ended September 30, 2025 was a loss of $67,000 compared to profit of $114,000 for the
three months ended September 30, 2024, a decrease of $182,000, or 159%.
Gross profit for Global Gaming decreased by: $97,000, Tinbu by $23,000 and S&MI by $62,000 in the three months ended September
30, 2025.

 11 

Operating
Costs and Expenses.

    For the three months Ended  

    September 30,  

    2025  
    2024  
    $ Change  
    % Change 

    Operating expenses: 

    Personnel costs 
     360,135  
     679,346  
     (319,211) 
     -47%
  
    Professional fees 
     1,613,268  
     1,205,900  
     407,368  
     34%
  
    General and administrative 
     1,498,490  
     681,345  
     817,145  
     120%
  
    Depreciation and amortization 
     1,180,132  
     1,207,913  
     (27,787) 
     -2%
  
    Total Operating Expenses 
     4,652,025  
     3,774,504  
     766,410  
     23%
  
    Loss from operations 
     (4,719,214) 
     (3,660,166) 
     (1,059,048) 
     29%

Operating
expenses for the three months ended September 30, 2025 were $4.7 million, an increase of $766,000, or 23%, compared to $3.8 million
for the three months ended September 30, 2024. The increase was primarily driven by increases of $817,000 in General and
administrative costs and $407,000 in Professional fees offset by decreases in Personnel costs of $319,000 and Depreciation and amortization of $28,000. Reasons for these decreases are described
below.

Personnel
Costs. Personnel costs were $360,000 for the three months ended September 30, 2025