Company: LTRYW
Filing Date: 2025-10-15
Form Type: 10-Q/A
Source: 0001493152-25-018121
Chunk: 72

Company: Lottery.com Inc.
Filing Date: 2025-10-15
Form: 10-Q/A
Chunk 72
---
 |   |     |          | (929,748   | ) |     |          | -46 | % |
| General and administrative    |     |                            |    738,693 |   |     |      |  1,481,745 |   |     |          | (743,052   | ) |     |          | -50 | % |
| Depreciation and amortization |     |                            |  1,026,826 |   |     |      |  1,284,982 |   |     |          | (258,156   | ) |     |          | -20 | % |
| Total operating expenses      |     |                            |  3,541,363 |   |     |      |  5,770,361 |   |     |          | (2,228,998 | ) |     |          | -39 | % |
| Loss from operations          |     |                            | (3,479,022 | ) |     |    $ | (5,594,829 | ) |     |          | (2,114,847 | ) |     |          | -38 | % |

Operating expenses for the three
months ended March 31, 2025 were $3.54 million, a decrease of $2.3 million, or (39%), compared to $5.77 million for the three months ended
March 31, 2024. The decrease was primarily driven by decreases of $969,000 in professional fees and $704,000 in general and administrative
expenses accompanied by decreases of $298,000 in personnel costs and $258,000 in depreciation and amortization Reasons for these decreases
are described below.

Personnel Costs. Personnel
costs were $687,000 for the three months ended March 31, 2025, a decrease of $298,000 or (30%) from $985,000 for the three months ended
March 31, 2024. The decrease is primarily because additional compensation for the three months ended March 31, 2024 for retention and
efforts on the turnaround did not reoccur in the three months ended March 31, 2025.

Professional Fees. Professional fees decreased by $930,000 or (46%), from $2.0 million for the three months ended March 31, 2024 to $1.09 million for the three months ended March 31, 2025. The