Company: LTRYW
Filing Date: 2025-10-15
Form Type: 10-Q/A
Source: 0001493152-25-018121
Chunk: 27

Company: Lottery.com Inc.
Filing Date: 2025-10-15
Form: 10-Q/A
Chunk 27
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 assumption of
long-term debt was approximately $440,000, reflecting the purchase price, net of cash on hand at S&MI Ltd and the principal amount
of certain loans assumed by the Company. The purchase price is for a 100% ownership interest. The purchase price was allocated to the
identified tangible and intangible assets acquired based on their estimated fair values at the acquisition date as follows:

Schedule of Identified Tangible and Intangible Asset Acquired

| Accounts receivable, net               
 Other Receivables                      
 Intangible assets                      
 Goodwill                               
 Total assets                           
 Accounts payable and other liabilities 
 Director’s Loan                        
 Total liabilities                      |     |   |   124,928 
    50,817 
   234,000 
 1,315,000 
 1,724,745 
  (175,543 
  (558,632 
  (734,175 | ) 
 ) 
 ) |
|:---------------------------------------|:----|:--|----------:|:--|
| Total net assets of Acquirees          |     | $ |   990,570 |   |

Note 4. Property and Equipment, net

Property and equipment, net as of March 31, 2025 and December 31, 2024,
consisted of the following:

Schedule of Property and Equipment

|                             |     |   | March 31, 2025 |   |     |   | December 31, 2024 |   |
|:----------------------------|:----|:--|---------------:|:--|:----|:--|------------------:|:--|
| Computers and equipment     |     | $ |        114,331 |   |     | $ |           123,911 |   |
| Furniture and fixtures      |     |   |         18,410 |   |     |   |            16,900 |   |
| Software                    |     |   |      2,026,200 |   |     |   |         2,026,200 |   |
| Property and equipment      |     |   |      2,158,941 |   |     |   |         2,167,011 |   |
| Accumulated depreciation    |     |   |     (2,155,515 | ) |     |   |        (2,154,887 | ) |
| Property and equipment, net |     | $ |          3,426 |   |