Company: LTRYW
Filing Date: 2025-04-11
Form Type: S-1
Source: 0001641172-25-003901
Chunk: 129

Company: Lottery.com Inc.
Filing Date: 2025-04-11
Form: S-1
Chunk 129
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     | For the nine months Ended |           |   |     |      |         |     |          |           |   |     |          |       |   |
|                                              |     |             September 30, |           |   |     |      |         |     |          |           |   |     |          |       |   |
|                                              |     |                      2024 |           |   |     | 2023 |         |     | $ Change |           |   |     | % Change |       |   |
| Other expenses                               |     |                           |           |   |     |      |         |     |          |           |   |     |          |       |   |
| Interest expense                             |     |                           |   350,784 |   |     |      | 284,589 |     |          |    66,195 |   |     |          |    23 | % |
| Other expense                                |     |                           |   (11,747 | ) |     |      |  61,577 |     |          |   (73,324 | ) |     |          |  -119 | % |
| Loss on impairment of intangibles & goodwill |     |                           | 4,298,002 |   |     |      |       - |     |          | 4,298,002 |   |     |          |   N/A |   |
| Total other expenses, net                    |     |                           | 4,637,039 |   |     |      | 346,166 |     |          | 4,290,873 |   |     |          | 1,240 | % |

Interest Expense.
Interest expense for the nine months ended September 30, 2024 was $351 thousand vs interest expense of $285 thousand for the nine months
ended September 30, 2023, an increase of $66 thousand or 23%. Interest expense relates to notes payable from the time of the business
combination plus interest on more recent convertible notes from Woodford, UCIL, and Univest. The convertible debt increased in the third
and fourth quarters of 2023 and first and second quarters of 2024. Higher amounts of convertible debt in the nine months ended September
30, 2024 as compared with the nine months ended September 30,2023 resulted in the increase in interest expense.

Other Expense. Other
expense decreased by $73 thousand, or