Company: LTRYW
Filing Date: 2025-05-07
Form Type: S-1/A
Source: 0001641172-25-009053
Chunk: 213

Company: Lottery.com Inc.
Filing Date: 2025-05-07
Form: S-1/A
Chunk 213
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710,200for the year ended December 31, 2023. It was also determined that there was impairment of certain intangible assets related to Global Gaming. As a result, the Company recorded impairment charges of $ 488,300to trade names and trademarks and $ 311,500to technology acquired from Global Gaming. The total impairment charges to intangible assets for the year ended December 31, 2023 were $ 799,800.

Similarly, the company performed an impairment
analysis for the three months ended September 30, 2024 and as a result of that analysis it was determined that impairment charges were
necessary. Impairments of goodwill for $1.6million against TinBu’s goodwill and $1.9million against Global Gaming’s goodwill were recorded and $817,000against intangibles of Global Gaming was recorded. This consisted of impairments against Trade Names & Technology in the amount
of $547,000,
Technology in the amount of $119,000,
and Customer Relationships in the amount of $150,000.
There were no other impairments identified or recorded for the year ended December 31, 2024.

Estimated amortization expense for years of useful life remaining is as follows: double check future amortization.

Schedule of Estimated Amortization Expense

| Years ending December 31, |     | Amount |            |
|:--------------------------|:----|:-------|-----------:|
| 2025                      |     | $      |  4,471,467 |
| 2026                      |     |        |  2,396,467 |
| 2027                      |     |        |  1,280,623 |
| 2028                      |     |        |    712,208 |
| 2029                      |     |        |    643,941 |
| Thereafter                |     |        |  3,064,460 |
| Total                     |     | $      | 12,569,165 |

The Company had software development costs of $ 476,850related to projects not placed in service as of both December 31, 2024 and December 31, 2023, which is included in intangible assets in the Company’s consolidated balance sheets. Amortization will be calculated using the straight-line method over the appropriate estimated useful life when the assets are put into service.

| F-20 |

Note 9. Notes Payable and Convertible Debt

Secured Convertible