Company: LTRYW
Filing Date: 2025-01-16
Form Type: POS AM
Source: 0001493152-25-002444
Chunk: 238

Company: Lottery.com Inc.
Filing Date: 2025-01-16
Form: POS AM
Chunk 238
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 Higher amounts of convertible debt in the three months ended June 30, 2024 as compared with the three months ended June 30,2023 resulted in the increase in interest expense.

Other (Income) Expense. Other (Income) for the three months ended June 30, 2024 was $44 thousand vs $4 hundred for the three months ended June 30, 2023, an increase of $43 thousand or 109%. The amount for June 30 2024 is the result of a reclassification of expenses.

Six Months Ended June 30, 2024 Compared to Six Months Ended June 30, 2023

The following table summarizes our results of operations for the six months ended June 30, 2024 and June 30, 2023, respectively.

|                               |     | For the six months Ended June 30, |        2024 |   |     |   |       2023 |   |     |     |  $ Change |   |     |     | % Change |   |
|:------------------------------|:----|:----------------------------------|------------:|:--|:----|:--|-----------:|:--|:----|:----|----------:|:--|:----|:----|---------:|:--|
| Revenue                       |     | $                                 |     516,317 |   |     | $ |  1,275,573 |   |     |     |  (759,256 | ) |     |     |      -60 | % |
| Cost of revenue               |     |                                   |     129,357 |   |     |   |    130,830 |   |     |     |    (1,473 | ) |     |     |       -1 | % |
| Gross profit                  |     |                                   |     386,960 |   |     |   |  1,144,743 |   |     |     |  (757,783 | ) |     |     |      -66 | % |
| Operating expenses:           |     |                                   |             |   |     |   |            |   |     |     |           |   |     |     |          |   |
| Personnel costs               |     |                                   |   2,774,665 |   |     |   |  2,563,441 |   |     |     |   211,224 |   |     |