Company: LTRYW
Filing Date: 2025-11-20
Form Type: 10-Q
Source: 0001493152-25-024384
Chunk: 210

Company: Lottery.com Inc.
Filing Date: 2025-11-20
Form: 10-Q
Item: Part II, Item 8
Chunk 210
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that impairment charges were necessary. Impairments of goodwill for $1.6 million against Tinbu’s goodwill and $1.9 million against
Global Gaming’s goodwill were recorded and an impairment of $817,000 against intangibles of Global Gaming was recorded. This consisted
of impairments against Trade Names & Technology in the amount of $547,000, Technology in the amount of $119,000, and Customer Relationships
in the amount of $150,000. There were no other impairments identified or recorded for the year ended December 31, 2024.

Note
8. Intangible assets, net

Gross
carrying values and accumulated amortization of intangible assets:

Schedule of Finite Lived Intangible Assets Amortization Expenses 

    September 30, 2025  
    December 31, 2024  

    Gross  

    Gross  

    Useful 
    Carrying  
    Accumulated  
       
    Carrying  
    Accumulated  

    Life 
    Amount  
    Amortization  
    Net  
    Amount  
    Amortization  
    Net 
  
    Amortizing intangible assets 

    Customer relationships 
    6 years 
    $1,352,200  
    $(1,328,283) 
    $23,917  
    $1,352,200  
    $(1,318,033) 
    $34,167 
  
    Trade name 
    6 years 
     2,577,000  
     (2,411,583) 
     167,667  
     2,577,000  
     (2,314,769) 
     262,231 
  
    Technology 
    6 years 
     14,754,800  
     (2,864,444) 
     11,924,088  
     3,254,800  
     (2,737,567) 
     517,233 
  
    Software agreements 
    6 years 
     14,450,000  
     (13,412,500) 
     625,000  
     14,450,000  
     (11,545,000) 
     2,905,000 
  
    Gaming license 
    6 years 
     4,020,000