Company: LTRYW
Filing Date: 2025-10-15
Form Type: 10-Q/A
Source: 0001493152-25-018121
Chunk: 42

Company: Lottery.com Inc.
Filing Date: 2025-10-15
Form: 10-Q/A
Chunk 42
---
 
 Intrinsic 
 Value     |         |
|:---------------------------------|:----|:----------|----------:|:----|:------------|----------:|:----|:---------|-----:|:----|:-------------|----:|:----|:----------|--------:|
| Outstanding at December 31, 2024 |     |           | 1,011,737 |     |             | 1,018,565 |     | $        | 2.00 |     |              | 2.8 |     | $         | 944,544 |
| Granted                          |     |           |         - |     |             |         - |     |          |    - |     |              |   - |     |           |         |
| Exercised                        |     |           |         - |     |             |         - |     |          |    - |     |              |   - |     |           |         |
| Forfeited/cancelled              |     |           |         - |     |             |         - |     |          |    - |     |              |   - |     |           |         |
| Outstanding at March 31, 2025    |     |           | 1,011,737 |     |             | 1,018,565 |     | $        | 2.00 |     |              | 3.1 |     | $         | 944,544 |

Restricted awards

The Company awarded restricted stock to employees
on October 28, 2021, which were granted with various vesting terms including immediate vesting, service-based vesting, and performance-based
vesting. In accordance with ASC 718, the Company has classified the restricted stock as equity.

For employee issuances, the measurement date
is the date of grant, and the Company recognizes compensation expense for the grant of the restricted shares over the service period
for the restricted shares that vest over a period of multiple years and for performance-based vesting awards, the Company recognizes the
expense when management believes it is probable the performance condition will be achieved. As of December 31, 2021, the Company had granted
191,622 shares with vesting to begin April 2022. For the year ended December 31, 2022, the Company recognized $27,137,991 of stock compensation
expense related to the employee restricted stock grants. As of March 31, 2025 and