Company: LTRYW
Filing Date: 2025-01-16
Form Type: POS AM
Source: 0001493152-25-002444
Chunk: 195

Company: Lottery.com Inc.
Filing Date: 2025-01-16
Form: POS AM
Chunk 195
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304 |     |                   |  2,192,050 |     |              | (737,053    | ) |     |     |  2,167,420 |
| Domain name                   |     |               | 15 years   |     |          |  6,935,000 |     |              | (1,785,250  | ) |     |     |  5,149,750 |     |                   |  6,935,000 |     |              | (1,554,083  | ) |     |     |  5,380,917 |
|                               |     |               |            |     | $        | 35,259,473 |     | $            | (20,033,351 | ) |     | $   | 15,226,071 |     | $                 | 34,547,050 |     | $            | (17,577,599 | ) |     | $   | 17,681,874 |

Amortization expense with respect to intangible assets for the three months ended June 30, 2024 and 2023 totaled $ 1,327,914and $ 1,381,536, respectively, and for the six months ended June 30, 2024 and 2023 totaled $ 2,610,050and $ 2,762,567, respectively, which is included in depreciation and amortization in the Statements of Operations. The Company determined that there was an impairment of long-lived assets of $ 412,450during the year ended December 31, 2022, which relates to a project no longer being pursued by the Company. In connection with the annual review of goodwill and intangibles for the year ended December 31, 2023, the Company determined that it was necessary to write down goodwill by $ 5,650,000for TinBu and $ 1,060,200for Global Gaming. The total impairment charges related to goodwill were $ 6,710,200 for the year ended December 31, 2023. It was also determined that there was impairment of certain intangible assets related to Global Gaming. As a result, for the year ended December 31, 2023 the Company recorded impairment charges of $ 488,300to trade names and trademarks and $ 311,500to technology acquired from Global Gaming. The total impairment charges to intangible assets for the year ended December