Company: LTRYW
Filing Date: 2025-01-16
Form Type: POS AM
Source: 0001493152-25-002444
Chunk: 237

Company: Lottery.com Inc.
Filing Date: 2025-01-16
Form: POS AM
Chunk 237
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, 2024 than the three months ended June 30, 2023.

Depreciation and Amortization.Depreciation and amortization decreased $61 thousand, or 4%, from $1.39 million for the three months ended June 30, 2024 to $1.33 million for the three months ended June 30, 2023. The decrease was primarily driven by write-offs to intangible assets related to Global Gaming at the end of 2023 as well as another intangible asset becoming fully amortized at the end of 2023 - - both of which resulted in lower amortization expense for the three months ended June 30, 2024.

Other (Income) Expense, Net.

|                           |     | For the three months Ended June 30, |         |   |     |      |        |   |     |          |        |     |          |     |   |
|                           |     |                                2024 |         |   |     | 2023 |        |   |     | $ Change |        |     | % Change |     |   |
| Other expenses            |     |                                     |         |   |     |      |        |   |     |          |        |     |          |     |   |
| Interest expense          |     |                                     | 121,815 |   |     |      | 41,142 |   |     |          | 80,673 |     |          | 196 | % |
| Other (income) expense    |     |                                     | (43,992 | ) |     |      |   (399 | ) |     |          | 43,593 |     |          | 109 | % |
| Total other expenses, net |     |                                     |  77,823 |   |     |      | 40,743 |   |     |          | 37,080 |     |          |  48 | % |

Interest Expense. Interest expense for the three months ended June 30, 2024 was $122 thousand vs interest expense of $41 thousand for the three months ended June 30, 2023, an increase of $81 thousand or 196%. Interest expense relates to notes payable from the time of the business combination plus interest on more recent convertible notes from Woodford, UCIL, and Univest. The convertible debt increased in the third and fourth quarters of 2023 and first and second quarters of 2024.