Company: LTRYW
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001641172-25-024882
Chunk: 69

Company: Lottery.com Inc.
Filing Date: 2025-08-19
Form: 10-Q
Item: Part I, Item 1
Chunk 69
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 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 
     40,389  
     77,822  
     (37,433) 
     -48%

    Net loss before income tax 
    $(3,987,901) 
    $(5,967,516) 
     1,979,615  
     -33%
  
    Income tax expense (benefit) 
     4,150  
     4,150  
     0  
     0%
  
    Net loss 
     (3,992,051) 
     (5,971,666) 
     1,979,615  
     -33%

Revenue.

Revenue. Revenue for the
three months ended June 30, 2025 was $192,000, a decrease of $65,000, or 25%, compared to revenue of $257,000 for the three months ended
June 30, 2024. The decrease is the net effect of decreases of $50,000 for Global Gaming and $62,000 for TinBu in 2025 vs 2024 offset by
$47,000 in revenue for the S&MI subsidiary which was not present in the three months ended June 30, 2024.

Cost of Revenue. Cost of
revenue includes product costs, commission expense to affiliates and commercial partners, and merchant processing fees. Cost of revenue
for the three