Company: LTRYW
Filing Date: 2025-11-20
Form Type: 10-Q
Source: 0001493152-25-024384
Chunk: 163

Company: Lottery.com Inc.
Filing Date: 2025-11-20
Form: 10-Q
Item: Part I, Item 8
Chunk 163
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     (11,983,464) 
    $(15,144,689) 
     (3,161,225) 
     -21%

    Other expenses 

    Interest expense 
     7,726  
     350,784  
     (343,058) 
     -98%
  
    Other expense 
     (107,948) 
     (11,747) 
     (96,201) 
     819%
  
    Loss on impairment of intangibles & goodwill 
     -  
     4,298,002  
     (4,298,002) 
     -100%
  
    Total other expenses, net 
     (100,222) 
     4,637,039  
     (4,737,261) 
     -102%

    Net loss before income tax 
    $(11,883,242) 
    $(19,781,728) 
     (7,898,486) 
     -40%
  
    Income tax expense (benefit) 
     12,665  
     21,114  
     (8,449) 
     -40%
  
    Net loss 
     (11,895,907) 
     (19,802,842) 
     (7,906,935) 
     -40%

 13 

Revenue.
Revenue for the nine months ended September 30, 2025 was $553,000, a decrease of $164,000, or 23%, compared to revenue of $717,000
for the nine months ended September 30, 2024. The decrease in revenue is the net effect of decreases of $141,000 for Global Gaming
and $108,000 for TinBu in 2025 vs 2024 offset by an increase of $87,000 in revenue for the S&MI subsidiary which is because S&MI was present for nine months in 2025 and only for one month in 2024.

Cost
of Revenue. Cost of revenue includes product costs, commission expense to affiliates and commercial partners, and merchant processing
fees. Cost of revenue of $530,000 for the nine months ended September 30, 2025 was an increase of $314,000 or 146% compared with $216,000
for the nine months ended September 30