Company: LTRYW
Filing Date: 2025-11-20
Form Type: 10-Q
Source: 0001493152-25-024384
Chunk: 211

Company: Lottery.com Inc.
Filing Date: 2025-11-20
Form: 10-Q
Item: Part II, Item 8
Chunk 211
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     (2,847,500) 
     1,306,500  
     4,020,000  
     (2,345,000) 
     1,675,000 
  
    Internally developed software 
    2 - 10
                                   years 
     3,316,923  
     (1,716,381) 
     1,600,542  
     3,316,923  
     (1,450,754) 
     2,342,969 
  
    Domain name 
    15 years 
     16,935,000  
     (2,474,278) 
     14,460,722  
     6,935,000  
     (2,016,417) 
     4,832,565 

    $57,405,923  
    $(27,054,969) 
    $30,108,436  
    $35,905,923  
    $(23,727,540) 
    $12,569,165 

Amortization
expense with respect to intangible assets for the three months ended September 30, 2025 and 2024 totaled $1,179,302 and $1,205,819, respectively, and for the nine months ended
September 30, 2025 and 2024 totaled $3,277,600
and $2,610,050,
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 $412,450
during 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 $5,650,000
for TinBu and $1,060,200
for 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 $488,300
to