Company: LTRYW
Filing Date: 2025-04-11
Form Type: S-1
Source: 0001641172-25-003901
Chunk: 123

Company: Lottery.com Inc.
Filing Date: 2025-04-11
Form: S-1
Chunk 123
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 |     | % Change |     |   |
| Operating expenses:           |     |                            |            |   |     |      |            |   |     |          |           |   |     |          |     |   |
| Personnel costs               |     |                            |    679,346 |   |     |      |  1,289,893 |   |     |          |  (610,547 | ) |     |          | -47 | % |
| Professional fees             |     |                            |  1,447,403 |   |     |      |    400,837 |   |     |          | 1,046,566 |   |     |          | 261 | % |
| General and administrative    |     |                            |    411,779 |   |     |      |    255,441 |   |     |          |   156,338 |   |     |          |  61 | % |
| Depreciation and amortization |     |                            |  1,207,914 |   |     |      |  1,421,269 |   |     |          |  (213,355 | ) |     |          | -15 | % |
| Total Operating Expenses      |     |                            |  3,746,442 |   |     |      |  3,367,440 |   |     |          |   379,002 |   |     |          |  11 | % |
| Loss from operations          |     |                            | (3,629,616 | ) |     |      | (3,154,088 | ) |     |          |  (475,528 | ) |     |          |  15 | % |

Operating expenses for the
three months ended September 30, 2024 were $3.7 million, an increase of $379 thousand, or 11%, compared to $3.4 million for the three
months ended September 30, 2023. The increase was driven by an increase of $1.05 million in professional fees accompanied an increase
in general and administrative costs of $156 thousand, offset by decreases in personnel costs by $611 thousand and depreciation and amortization
by $213 thousand. Reasons for these decreases are described below.

Personnel Costs.
Personnel costs were $679 thousand for the three months ended September 30, 2024, a decrease of