Company: LTRYW
Filing Date: 2025-11-20
Form Type: 10-Q
Source: 0001493152-25-024384
Chunk: 29

Company: Lottery.com Inc.
Filing Date: 2025-11-20
Form: 10-Q
Item: Part I, Item 1
Chunk 29
---
 (iv) Twenty Thousand (20,000) shares for Two Million Dollars ($2,000,000.00) in either shares or cash by not later than
December 31, 2025 (the “Final Payment”). Unless extended by the parties in writing, portions of the Call Option will be revoked
automatically upon the expiration of the funding deadlines set forth above without full payment of the corresponding funding obligation
to DVI.

Primary
assets acquired include the domain names Concerts.com and Ticketstub.com along with social media accounts and trademarks associated with
each and have been recorded as Intangible Assets in the Domain Name category. Amortization began during the third quarter of 2025. There
are encumbrances against the domain names and all associated and ancillary assets for Secured Promissory Notes totaling $1,500,000 that
mature in December of 2025. The Company must pay the Secured Notes to remove the encumbrances.

Galaxy
Racer Holdings Limited Asset Acquisition

The Company completed an asset acquisition from Galaxy Racer Holdings Limited [GXR] on August 1, 2025. Assets consisting of active users,
software applications, integrations, modules, and specifications for transfer by GXR to a new entity. Valuation for these assets is $10
million. The Company made an in-kind payment of $5.1 million of common stock for 51% of the new entity and transferred 49% of the equity
of the new entity to Galaxy Racer Holdings Limited.

Assets
acquired have been recorded as Intangible Assets in the Technology category and amortization is anticipated to begin in the fourth
quarter of 2025.

Schedule of Assets Acquired Record
as Intangible Assets 

    Global Gaming  
    DotCom Ventures Inc.  
    Galaxy Racer 
  
    Noncontrolling Interest June 30, 2025 
     (798,416) 
     -  
     - 
  
    Noncontrolling interest – acquisitions 
        
     4,900,000  
     4,900,000 
  
    Income/ (Loss) attributable to noncontrolling interest 
     (47,813) 
        
     (59,784)
  
    Noncontrolling Interest September 30, 2025 
    $745,882  
    $4,900,000  
    $4,840,216 

Note