Company: LTRYW
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001641172-25-024882
Chunk: 251

Company: Lottery.com Inc.
Filing Date: 2025-08-19
Form: 10-Q
Item: Part II, Item 8
Chunk 251
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 capital through, among other things, the sale of equity or debt securities.

Three
Months Ended June 30, 2025 Compared to Three Months Ended June 30, 2024

The
following table summarizes our results of operations for the three months ended June 30, 2025 and June 30, 2024, respectively.

    For the three months Ended June 30,  

    2025  
    2024  
    $ Change  
    % Change 

    Revenue 
    $191,762  
    $256,998  
     (65,236) 
     -25%
  
    Cost of revenue 
     162,733  
     45,570  
     117,163  
     257%
  
    Gross profit 
     29,029  
     211,428  
     (182,399) 
     -86%

    Operating expenses: 

    Personnel costs 
     438,966  
     1,789,986  
     (1,351,020) 
     -75%
  
    Professional fees 
     1,339,869  
     1,545,083  
     (205,214) 
     -34%
  
    General and administrative 
     1,123,574  
     1,435,307  
     (311,733) 
     -22%
  
    Depreciation and amortization 
     1,074,132  
     1,330,746  
     (256,614) 
     -19%
  
    Total operating expenses 
     3,976,541  
     6,101,122  
     (2,124,581) 
     -35%
  
    Loss from operations 
     (3,947,512) 
    $(5,889,694) 
     1,942,182  
     -33%

    Other expenses 

    Interest expense 
     64,422  
     121,814  
     (57,392) 
     -47%
  
    Other (income) expense 
     (24,033) 
     (43,992) 
     19,959  
     -45%
  
    Total other expenses, net