Company: LTRYW
Filing Date: 2025-01-16
Form Type: POS AM
Source: 0001493152-25-002444
Chunk: 116

Company: Lottery.com Inc.
Filing Date: 2025-01-16
Form: POS AM
Chunk 116
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 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. Higher amounts of convertible debt in the three months ended June 30, 2024 as compared with the three months ended June 30,2023 resulted in the increase in interest expense.

Other (Income) Expense. Other (Income) for the three months ended June 30, 2024 was $44 thousand vs $4 hundred for the three months ended June 30, 2023, an increase of $43 thousand or 109%. The amount for June 30 2024 is the result of a reclassification of expenses.

Six Months Ended June 30, 2024 Compared to Six Months Ended June 30, 2023

The following table summarizes our results of operations for the six months ended June 30, 2024 and June