Company: LTRYW
Filing Date: 2025-11-20
Form Type: 10-Q
Source: 0001493152-25-024384
Chunk: 44

Company: Lottery.com Inc.
Filing Date: 2025-11-20
Form: 10-Q
Item: Part I, Item 1
Chunk 44
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 January 1, 2022 and ending
on and including January 1, 2031 by a number of shares of Company common stock equal to five percent (5%) of the total outstanding shares
of Company common stock on the last day of the prior calendar year. Notwithstanding the foregoing, the Board may act prior to January
1st of a given year to provide that there will be no such increase in the share reserve for such year or that the increase in the share
reserve for such year will be a lesser number of shares of Company common stock than would otherwise occur pursuant to the preceding
sentence.

     F-22 

Stock
Options

The
Company did not issue any new stock options during the quarter ended September 30, 2025. The following table shows stock option activity
for the year ended December 31, 2024 and quarter ended September 30, 2025:

Schedule
of Stock Option Activity 

    Weighted 

    Weighted  
    Average 

    Shares  
      
    Average  
    Remaining  
    Aggregate 

    Available  
    Outstanding  
    Exercise  
    Contractual  
    Intrinsic 

    for
    Grant  
    Stock
    Awards  
    Price  
    Life
    (years)  
    Value 
  
    Outstanding
    at December 31, 2024 
     101,857  
     101,857  
    $19.25  
     2.8  
    $944,544 
  
    Granted 
     -  
     -  
     -  
     -  

    Exercised 
     -  
     -  
     -  
     -  

    Forfeited/cancelled 
     -  
     -  
     -  
     -  

    Outstanding
    at September 30, 2025 
     101,857  
     101,857  
    $19.25  
     2.7  
    $944,544 

Restricted
awards

The
Company awards restricted stock to employees, directors, and certain outside consultants from time to time which are granted with various
vesting terms including immediate vesting, service-based vesting, and performance-based vesting. In accordance with ASC 718, the Company