Company: LTRYW
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001641172-25-024882
Chunk: 134

Company: Lottery.com Inc.
Filing Date: 2025-08-19
Form: 10-Q
Item: Part I, Item 8
Chunk 134
---
 period. For the years ended December 31, 2024,
December 31, 2023, and December 31, 2022, the Company did not incur any obligations to the holders of the outstanding Digital
Securities. For the year ended December 31, 2021, the Company incurred an obligation to pay an aggregate amount of approximately
$5,632
to holders of the outstanding Digital Securities. The Company did not satisfy those obligations during the three months ended
June 30, 2025 or the years ended December 31, 2024, 2023, 2022, or 2021.

     F-24 

Leases

The Company leased office space in
Spicewood, Texas which expired January
31, 2024 and had continued to utilize that facility on a month-to-month basis with monthly rent of $1,669 per
month until August 31, 2024. On September 1, 2024, the Company moved its headquarters to Fort Worth, Texas under a membership
agreement with monthly cost of $154.
Additionally, the Company had leased retail space in Waco, Texas which expired on December 31, 2024 with monthly rent of $2,434.
The space in Waco Texas was retained on a month to month basis until April 30, 2025. The Company also leases a campus in Boca Raton
Florida for $25,000
per month under a 12 month lease agreement that commenced on August 1, 2024 and continues thru July
31, 2025. 2025. As of the date of this report, the lease for the campus has not been renewed and the Company is now renting
the campus month-to-month, pending a decision by the Company on entering into a new lease for the space. For the three months ended
June 30, 2025 and 2024 rent expense was $82,302
and $12,309,
respectively.

As
of June 30, 2025, future minimum rent payments due under non-cancellable leases with initial are as follows:

Schedule
of Future Minimum Rent Payments Due Under Non-Cancellable Leases 

    Years ending December 31, 
    Amount 
  
    2025 
     25,000 
  
    Thereafter 
     - 
  
    Total 
    $25,000 

Litigation
and Other Loss Contingencies

As