Company: LTRYW
Filing Date: 2025-01-16
Form Type: POS AM
Source: 0001493152-25-002444
Chunk: 118

Company: Lottery.com Inc.
Filing Date: 2025-01-16
Form: POS AM
Chunk 118
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 expenses incurred for outside attorneys, other consultants, and directors in the six months ended June 30, 2024.

General and Administrative. General and administrative expenses decreased $330 thousand, or 25%, from $1.3 million for the six months ended June 30, 2023 to $971 thousand for the six months ended June 30, 2024. A primary driver of the reduction is lower accrual for franchise taxes in the six months ended June 30, 2024 than the six months ended June 30, 2023.

Depreciation and Amortization. Depreciation and amortization decreased $182 thousand, or 6%, from $2.80 million for the three months ended June 30, 2023 to $2.62 million for the six months ended June 30, 2024. The decrease was primarily driven by write-offs to intangible assets related to Global Gaming at the end of 2023 as well as another intangible asset becoming fully amortized at the end of 2023 - - both of which resulted in lower amortization expense for the six months ended June 30, 2024.

Other (Income) Expense, Net.

|                           |     |                       For 
 the six months Ended June 
                       30, |         |     |      |        |     |          |         |   |     |          |     |   |
|                           |     |                      2024 |         |     | 2023 |        |     | $ Change |         |   |     | % Change |     |   |
| Other expenses            |     |                           |         |     |      |        |     |          |         |   |     |          |     |   |
| Interest expense          |     |                           | 224,031 |     |      | 41,165 |     |          | 182,866 |   |     |          | 444 | % |
| Other expense             |     |                           |   8,684 |     |      | 58,472 |     |          | (49,788 | ) |     |          | -85 | % |
| Total other expenses, net |     |                           | 232,715 |     |      | 99,637 |     |          | 133,078 |   |     |          | 133 | % |

Interest Expense. Interest expense for the six months ended June 30, 2024 was $