Company: LTRYW
Filing Date: 2025-04-11
Form Type: S-1
Source: 0001641172-25-003901
Chunk: 125

Company: Lottery.com Inc.
Filing Date: 2025-04-11
Form: S-1
Chunk 125
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 |     |      |         |     |          |           |   |     |          |       |   |
| Interest expense                    |     |                                  |   126,753 |   |     |      | 243,424 |     |          |  (116,671 | ) |     |          |   -48 | % |
| Other (income) expense              |     |                                  |   (20,431 | ) |     |      |   3,105 |     |          |   (23,536 | ) |     |          |  -758 | % |
| Loss on impairment of intangibles & 
 goodwill                            |     |                                  | 4,298,002 |   |     |      |       0 |     |          | 4,298,002 |   |     |          |   N/A |   |
| Total other expenses, net           |     |                                  | 4,404,324 |   |     |      | 246,529 |     |          | 4,157,795 | ) |     |          | 1,687 | % |

Interest Expense. Interest
expense for the three months ended September 30, 2024 was $127 thousand vs interest expense of $243 thousand for the three months ended
September 30, 2023, a decrease of $117 thousand or 48%. Interest expense relates to notes payable from the time of the business combination
plus interest on more recent convertible notes from Woodford, UCIL, and Univest. An adjustment was made in the three months ended September
30, 2023 to interest expense on notes payable from the time of the business combination which resulted in higher interest expense for
that period resulting in a decrease for the three months ended September 30, 2024.

Other (Income) Expense.
Global Gaming had approximately $21thousand of other income for the three months ended September 30, 2024.

Loss on impairment of goodwill & intangibles.For the three months ended September 30, 2024, we determined that certain components of goodwill & intangible
assets were impaired. The loss on impairment of goodwill & intangibles for the three months ended September 30, 2024 includes write-offs
to goodwill of $1.58 million related to the TinBu subsidiary and $1.91M related to the Global Gaming subsidiary as well as write offs
of $817 thousand related to intangible assets of Global Gaming