Company: LTRYW
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001641172-25-024882
Chunk: 254

Company: Lottery.com Inc.
Filing Date: 2025-08-19
Form: 10-Q
Item: Part II, Item 8
Chunk 254
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 three months ended June 30, 2025.

Professional
Fees. Professional fees decreased by $205,000 or 13%, from $1.5 million for the three months ended June 30, 2024 to $1.3 million
for the three months ended June 30, 2025. The increase was due to expenses incurred for outside attorneys, other consultants, and directors
in the three months ended June 30, 2025. Activity levels for the business, and these types of expense were lower for the same period
in 2024.

12

General
and Administrative. General and administrative expenses were $1.1 million, for the three months ended June 30, 2025, a decrease of
$312,000 or 22% from $1.4 million for the three months ended June 30, 2024. A primary driver of the reduction is lower accrual for franchise
taxes in the three months ended June 30, 2025 than the three months ended June 30, 2024.

Depreciation and Amortization.
Depreciation and amortization decreased $257,000, or 19%, from $1.33 million for the three months ended June 30, 2024 to $1.07 million
for the three months ended June 30, 2025. The decrease was primarily driven by write-offs to intangible assets related to Global Gaming
in 2023 and 2024 resulting in a decrease of approximately $112,000 for the three months ended June 30, 2025, a decrease of approximately
$99,000 because Tinbu intangibles became fully amortized in the summer of 2024, and a decrease of approximately $46,000 related to other
intangible assets becoming fully amortized at the end of 2024.

Other
(Income) Expense, Net.

    For the three months Ended June 30,  

    2025  
    2024  
    $ Change  
    % Change 

    Other expenses 

    Interest expense 
     64,422  
     121,814  
     (57,392) 
     -47%
  
    Other (income) expense 
     (24,033) 
     (43,992) 
     19,959  
     -45%
  
    Total other expenses, net 
     40