Company: LTRYW
Filing Date: 2025-11-20
Form Type: 10-Q
Source: 0001493152-25-024384
Chunk: 136

Company: Lottery.com Inc.
Filing Date: 2025-11-20
Form: 10-Q
Item: Part I, Item 8
Chunk 136
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 its headquarters to Fort Worth, Texas under a membership
agreement with monthly cost of $154.
Additionally, the Company had leased retail space in Waco, Texas which expired on December 31, 2024 with monthly rent of $2,434.
The space in Waco Texas was retained on a month to month basis until April 30, 2025. The Company also leases a campus in Boca Raton
Florida for $25,000
per month under a 12 month lease agreement that commenced on August 1, 2024 and continues thru July
31, 2025. The campus in Boca Raton, Florida has been retained on a month to month basis. For the three months ended September
30, 2025 and 2024 rent expense was $24,426
and $12,309,
respectively.

As
of September 30, 2025, future minimum rent payments due under non-cancellable leases with initial are as follows:

Schedule
of Future Minimum Rent Payments Due Under Non-Cancellable Leases 

    Years ending December 31, 
    Amount 
  
    2025 
               0 
  
    Thereafter 
     - 
  
    Total 
    $0 

Litigation
and Other Loss Contingencies

As
of September 30, 2025, there were no pending proceedings that are deemed to be materially detrimental. The Company is a party to legal
proceedings in the ordinary course of its business. The Company believes that the nature of these proceedings is typical for a company
of its size and scope. See Part II, Item 1 for additional information.

Note
14. Related Party Transactions

The
Company has entered into transactions with related parties. The Company regularly reviews these transactions; however, the Company’s
results of operations may have been different if these transactions were conducted with nonrelated parties.

     F-24 

Christopher
Gooding, appointed as a director of the Company on August 10, 2023, is an attorney licensed in the United Kingdom. He previously provided
limited consulting services to the Company’s outside general counsel on select U.K. legal matters that could potentially impact
the Company. These consulting services began in February 2024, and Mr. Gooding was compensated separately from his director compensation,
receiving a total of $264,000 in 2024. To maintain his independence as a director, Mr. Gooding ceased providing consulting services to