Company: LTRYW
Filing Date: 2025-04-11
Form Type: S-1
Source: 0001641172-25-003901
Chunk: 124

Company: Lottery.com Inc.
Filing Date: 2025-04-11
Form: S-1
Chunk 124
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 $611 thousand from $1.3 million for the
three months ended September 30, 2023. The decrease is primarily related to the absence of stock based compensation expense for the three
months ended September 30, 2024. Stock based compensation expense of $358 thousand which was recognized in the three months ended September
30, 2023, did not reoccur in the third quarter of 2024.

Professional Fees.
Professional fees increased by $1.05 Million or 261%, from $401 thousand for the three months ended September 30, 2023 to $1.4 million
for the three months ended September 30, 2024. The increase was due to expenses incurred for outside attorneys and other consultants
in the three months ended September 30, 2024. Activity levels for the business, and these types of expense were lower for the same period
in 2023.

| 58 |

General and Administrative.
General and administrative expenses were $412 thousand, for the three months ended September 30, 2024, an increase of $156 thousand from
$255 thousand for the three months ended September 30, 2023. The increase for the three months ended September 30, 2024 is related to
use of a new public relations firm and rent for the Boca Raton campus for Sports.com.

Depreciation and Amortization.Depreciation and amortization decreased $213 thousand, or 15%, from $1.42 million for the three months ended September 30, 2023 to
$1.20 million for the three months ended September 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 three months ended September 30, 2024.

Other (Income) Expense, Net.

|                                     |     |                              For 
 the three months Ended September 
                              30, |           |   |     |      |         |     |          |           |   |     |          |       |   |
|                                     |     |                             2024 |           |   |     | 2023 |         |     | $ Change |           |   |     | % Change |       |   |
| Other expenses                      |     |                                  |           |