Company: LTRYW
Filing Date: 2025-01-16
Form Type: POS AM
Source: 0001493152-25-002444
Chunk: 208

Company: Lottery.com Inc.
Filing Date: 2025-01-16
Form: POS AM
Chunk 208
---
 to other equity securities of LDC or the Company nor do they otherwise hold any rights that a holder of equity securities of LDC or the Company may have or that a holder of traditional equity securities or capital stock may have. Rather, each of the holders of the Digital Securities has a pro rata right to receive 7% of the net raffle revenue. If the net raffle revenue is zero for a given period, holders of the Digital Securities are not eligible to receive any cash distributions from any raffle sweepstakes of LDC for such period. For the years ended December 31, 2023 and December 31, 2022, the company did not incur any obligations to the holders of the outstanding Digital Securities. For the year ended December 31, 2021, the Company incurred an obligation to pay an aggregate amount of approximately $ 5,632to holders of the outstanding Digital Securities. The Company did not satisfy any of those obligations during the three months ended June 30, 2024 or the years ended December 31, 2023, 2022, or 2021.

| F-24 |

Leases

The Company leased office space in Spicewood, Texas which expired January 31, 2024 and has continued to utilize that facility on a month-to-month basis with monthly rent of $ 1,669per month. Additionally, the Company has leased retail space in Waco, TX which expires on December 31, 2024 with monthly rent of $ 2,434. For the three months ended June 30, 2024, and 2023 rent expense was $ 12,309and $ 12,309, respectively.

As of June 30, 2024, 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, 
 2024                      
 Thereafter                |     | Amount | 14,604 
      - |
|:--------------------------|:----|:-------|-------:|
| Total                     |     | $      | 14,604 |

Litigation and Other Loss Contingencies

As of June 30, 2024, 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