Company: LTRYW
Filing Date: 2025-11-20
Form Type: 10-Q
Source: 0001493152-25-024384
Chunk: 249

Company: Lottery.com Inc.
Filing Date: 2025-11-20
Form: 10-Q
Item: Part II, Item 8
Chunk 249
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     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, a decrease of $319,000 or (47%) from
$679,000 for the three months ended September 30, 2024. The decrease is primarily due to changes in the composition of the teams for
the parent company and TinBu subsidiary for the three months ended September 2025 as compared with the three months ended September
30, 2024.

Professional
Fees. Professional fees increased by $407,000 or 34%, from $1.2 million for the three months ended September 30, 2024 to $1.6 million
for the three months ended September 30, 2025. The increase was due to expenses incurred for outside attorneys in the three months ended September 30, 2025. Activity levels for outside attorneys were lower