Company: LTRYW
Filing Date: 2025-11-20
Form Type: 10-Q
Source: 0001493152-25-024384
Chunk: 28

Company: Lottery.com Inc.
Filing Date: 2025-11-20
Form: 10-Q
Item: Part I, Item 1
Chunk 28
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    Accounts receivable, net 
     124,928 
  
    Other Receivables 
     50,817 
  
    Intangible assets 
     234,000 
  
    Goodwill 
     1,315,000 
  
    Total assets 
    $1,724,745 

    Accounts payable and other liabilities 
    $(175,543)
  
    Director’s Loan 
     (558,632)
  
    Total liabilities 
    $(734,175)

    Total net assets of Acquiree 
    $990,570 

     F-15 

Spektrum
Ltd Acquisition

The
Company completed the acquisition of Spektrum Ltd from PlusEvo Ltd through a signed Share Purchase Agreement (SPA) on March 13, 2025.
This acquisition, valued at $1.5 million in common stock at $30 per share, supports Lottery.com’s strategic expansion and
the development of Lottery.com International. The acquisition provides the Company with a compliant platform to support lottery, sweepstakes
and social gaming operations in dozens of international jurisdictions. The platform has been recorded as an Intangible Asset in the Technology
category. Amortization will begin when the platform is placed in service which is expected to be during the fourth quarter of 2025.

DotCom
Ventures Inc. Acquisition

The
Company completed the acquisition of 51% of DotCom Ventures Inc [“DVI”] from Concerts Inc. through a signed Share Purchase
Agreement (SPA) on July 25, 2025. Valuation for DVI is $10 million. At closing, the Company made an in-kind payment of $5.1 million of
common stock for 51,000 shares of DVI. The Agreement contains a Call Option, which provides the Company with the right to purchase up
to the entire share capital of DVI as follows: (i) Ten Thousand (10,000) shares for One Million Dollars ($1,000,000.00) cash by not later
than December 31, 2025; (ii) Fifteen Thousand (15,000) shares for One Million Five Hundred Thousand Dollars ($1,500,000.00) cash by not
later than May 31, 2026; (iii) Five Thousand (5,000) shares for Five Hundred Thousand Dollars ($500,000.00) cash by not later than December
31, 2025; and