Company: LTRYW
Filing Date: 2025-11-20
Form Type: 10-Q
Source: 0001493152-25-024384
Chunk: 161

Company: Lottery.com Inc.
Filing Date: 2025-11-20
Form: 10-Q
Item: Part I, Item 8
Chunk 161
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 for the
same period in 2024.

 12 

General
and Administrative. General and administrative expenses were $1.5 million, for the three months ended September 30, 2025, an increase
of $817,000 or 120% from $681,000 for the three months ended September 30, 2024. Primary drivers of the increase for the three months ended September 30, 2025 vs the three months ended September
30, 2024 were: $140,000 for the Advisory Board, $375,000 for Sponsorships, $189,000 for Public Relations, and $70,000 business insurance
premiums.

Depreciation
and Amortization. Depreciation and amortization decreased $28,000, or 2%, from $1.21 million for the three months ended September
30, 2024 to $1.18 million for the three months ended September 30, 2025. The decrease was primarily driven by write-offs to intangible
assets related to Global Gaming in 2024 resulting in a decrease for the three months ended September
30, 2025, and because Tinbu intangibles became fully amortized in the summer of 2024.

Other
(Income) Expense, Net.

    For the three months Ended  

    September 30,  

    2025  
    2024  
    $ Change  
    % Change 

    Other expenses 

    Interest expense 
     67,845  
     126,753  
     (58,908) 
     -46%
  
    Other (income) expense 
     (19,343) 
     (20,431) 
     (1,088) 
     -5%
  
    Loss on impairment of intangibles & goodwill 
     -  
     4,298,002  
     (4,298,002) 
     -100%
  
    Total other expenses, net 
     48,502  
     4,404,324  
     (4,355,822) 
     -99%

Interest
Expense. Interest expense for the three months ended September 30, 2025 was $68,000 vs interest expense of $127,000 for the
three months ended September 30, 2024, a decrease of $59,000 or