Company: LTRYW
Filing Date: 2025-04-25
Form Type: S-1/A
Source: 0001641172-25-006093
Chunk: 209

Company: Lottery.com Inc.
Filing Date: 2025-04-25
Form: S-1/A
Chunk 209
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817 
   234,000 
 1,315,000 
 1,724,745 
  (175,543 
  (558,632 
  (734,175 | ) 
 ) 
 ) |
|:---------------------------------------|:----|:--|----------:|:--|
| Total net assets of Acquirees          |     | $ |   990,570 |   |

Note 4. Property and Equipment, net

Property and equipment, net as of December 31, 2024 and 2023, consisted of the following:

Schedule of Property and Equipment

|                             |     | 2024 | December 31, |   |     | 2023 | December 31, |   |
|:----------------------------|:----|:-----|-------------:|:--|:----|:-----|-------------:|:--|
| Computers and equipment     |     | $    |      123,911 |   |     | $    |      124,199 |   |
| Furniture and fixtures      |     |      |       16,900 |   |     |      |       16,898 |   |
| Software                    |     |      |    2,026,200 |   |     |      |    2,026,200 |   |
| Property and equipment      |     |      |    2,167,011 |   |     |      |    2,167,297 |   |
| Accumulated depreciation    |     |      |   (2,154,887 | ) |     |      |   (2,145,988 | ) |
| Property and equipment, net |     | $    |       12,124 |   |     | $    |       21,309 |   |

Depreciation expense for the years ended December 31, 2024 and 2023 amounted to $ 9,185and $ 90,744, respectively.

| F-19 |

Note 5. Prepaid Expenses

Prepaid expenses consist primarily of advertising credits from two top tier media organizations that operate in the United States. The advertising credits were obtained in return for warrants, shares of common stock and shares of preferred stock. The agreements do not specify a time period for utilizing these credits and there is no requirement to provide cash or other consideration in connection with utilizing them. The balance can be utilized at any time at the mutual consent of the parties. The