Company: LTRYW
Filing Date: 2025-11-20
Form Type: 10-Q
Source: 0001493152-25-024384
Chunk: 48

Company: Lottery.com Inc.
Filing Date: 2025-11-20
Form: 10-Q
Item: Part I, Item 1
Chunk 48
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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
the Company’s outside general counsel as of June 30, 2025. Consequently, his compensation for consulting services during the three
months ended September 30, 2025, was $0. Other than matters where Mr. Gooding is a named defendant
alongside the Company, he provides opinions on all Board matters solely in his capacity as an independent director, without additional
compensation from the Company or its outside general counsel.

During
the quarter ended September 30, 2024, the Company entered into a borrowing arrangement with Robert Stubblefield, the Company’s
Chief Financial Officer, to provide funding for certain operating expenses of the Company. At September 30, 2024 the Loan amount was
$57,682. Additional amounts were provided by Mr. Stubblefield during the quarter ended December 31, 2024. The loan amount at year end
was $67,941. The Loan was issued at zero percent interest. In February of 2025, the Company granted shares of common stock which repaid
the loan in full.

Note
15. Subsequent Events 

Super
League Kerela Streaming Launch

The
Company successfully launched its first-ever live streaming event by securing exclusive streaming rights to the Super League Kerala (“SLK”)
in India on the Sports.com platform. SLK previously reached over 131 million viewers during its inaugural 33-match season. The streaming
partnership is augmented by a linear broadcast collaboration with Sony India’s TEN 2 channel, reflecting the Company’s intent
to build digital and traditional distribution capabilities as part of its