Company: LTRYW
Filing Date: 2025-04-11
Form Type: S-1
Source: 0001641172-25-003901
Chunk: 126

Company: Lottery.com Inc.
Filing Date: 2025-04-11
Form: S-1
Chunk 126
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 for a total of $4.3 million. There were no impairments of intangible assets
for the three months ended September 30, 2023.

Nine Months Ended September 30, 2024 Compared to Nine Months Ended September 30, 2023

The following table summarizes our results of operations for the nine months ended September 30, 2024 and September 30, 2023, respectively.

|                                              |     | For the nine months Ended 
 September 30,             |        2024 |   |     |   |        2023 |   |     |     |   $ Change |   |     |     | % Change |   |
|:---------------------------------------------|:----|:--------------------------|------------:|:--|:----|:--|------------:|:--|:----|:----|-----------:|:--|:----|:----|---------:|:--|
| Revenue                                      |     | $                         |     716,972 |   |     | $ |   1,561,096 |   |     |     |   (844,124 | ) |     |     |      -54 | % |
| Cost of revenue                              |     |                           |     213,186 |   |     |   |     203,001 |   |     |     |     10,185 |   |     |     |        5 | % |
| Gross profit                                 |     |                           |     503,786 |   |     |   |   1,358,095 |   |     |     |   (854,309 | ) |     |     |      -63 | % |
| Operating expenses:                          |     |                           |             |   |     |   |             |   |     |     |            |   |     |     |          |   |
| Personnel costs                              |     |                           |   3,454,011 |   |     |   |   3,606,841 |   |     |     |   (152,830 | ) |     |     |       -4 | % |
| Professional fees                            |     |                           |   6,957,299 |   |     |   |   2,499,568 |   |     |     |  4,457,731 |   |     |     |      178 | % |
| General and administrative                   |     |