Company: LTRYW
Filing Date: 2025-05-21
Form Type: 10-Q
Source: 0001641172-25-011865
Chunk: 32

Company: Lottery.com Inc.
Filing Date: 2025-05-21
Form: 10-Q
Item: Part I, Item 1
Chunk 32
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 Amount               
  ending December 31,                           
 ────────────────────────────────────────────────
  2025                                 175,000  
  Thereafter                           -        
                           $           175,000  

Litigation
and Other Loss Contingencies

As
of March 31, 2025, there were no pending proceedings that are deemed to be materially detrimental. The Company is a party to legal proceedings
in the ordinary course of its business. The Company believes that the nature of these proceedings is typical for a company of its size
and scope. See Part II, Item 1

Note 14. Related
Party Transactions

The
Company has entered into transactions with related parties. The Company regularly reviews these transactions; however, the Company’s
results of operations may have been different if these transactions were conducted with nonrelated parties.

Christopher
Gooding, a director of the Company appointed on August 10, 2023, is an attorney licensed in the United Kingdom who works with the Company’s
outside general counsel on various matters that could potentially impact the Company. Mr. Gooding is compensated for his services separately
from his compensation as a director of the Company. Mr. Gooding began providing legal services to the Company through the firm Amar Ali
Law PLLC in February 2024. He was paid a total of $264,000 in 2024 for his legal services. His compensation for legal services provided
during the three months ended March 31, 2025 was $72,000.

During
the quarter ended September 30, 2024, the Company entered into a borrowing arrangement with Robert Stubblefield, the Company’s
Chief Financial Officer, to provide funding for certain operating expenses of the Company. At September 30, 2024 the Loan amount was
$57,682. Additional amounts were provided by Mr. Stubblefield during the quarter ended December 31, 2024. The loan amount at year end
was $67,941. The Loan was issued at zero percent interest. In February of 2025, the Company granted shares of common stock which
repaid the loan in ful l

Note 16. Subsequent
Events

On
September 28, 2023, the company entered into Stock Purchase Agreement with the shareholders of Nook Holdings Limited (“ Nook”),
a private limited company incorporated and registered in the Abu Dhabi Global Market, Abu Dhabi, United Arab Emirates (“ UAE”).
The total purchase price is