Company: LTRYW
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001641172-25-024882
Chunk: 131

Company: Lottery.com Inc.
Filing Date: 2025-08-19
Form: 10-Q
Item: Part I, Item 8
Chunk 131
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F-22 

Stock
Options

The
Company did not issue any new stock options during the quarter ended June 30, 2025. The following table shows stock option activity for
the year ended December 31, 2024 and quarter ended June 30, 2025:

Schedule
of Stock Option Activity 

    Weighted 

    Weighted  
    Average 

    Shares  
    Outstanding  
    Average  
    Remaining  
    Aggregate 

    Available  
    Stock  
    Exercise  
    Contractual  
    Intrinsic 

    for Grant  
    Awards  
    Price  
    Life (years)  
    Value 
  
    Outstanding at December 31, 2024 
     1,011,737  
     1,018,565  
    $2.00  
     2.8  
    $944,544 
  
    Granted 
     -  
     -  
     -  
     -  

    Exercised 
     -  
     -  
     -  
     -  

    Forfeited/cancelled 
     -  
     -  
     -  
     -  

    Outstanding at June 30, 2025 
     1,011,737  
     1,018,565  
    $2.00  
     3.1  
    $944,544 

Restricted
awards

The
Company awards restricted stock to employees, directors, and certain outside consultants from time to time which are granted with various
vesting terms including immediate vesting, service-based vesting, and performance-based vesting. In accordance with ASC 718, the Company
has classified the restricted stock as equity.

For
such issuances, the measurement date is the date of grant, and the Company recognizes compensation expense for the grant of the restricted
shares, over the service period for the restricted shares that vest over a period of time and for performance-based vesting awards, the
Company recognizes the expense when management believes it is probable the performance condition will be achieved. As of June 30, 2025
and December 31, 2024, unrecognized stock-based compensation associated with the restricted stock awards is $0 and $0 respectively.

The
Company had restricted stock activity summarized as follows: