Company: LTRYW
Filing Date: 2025-10-15
Form Type: 10-Q/A
Source: 0001493152-25-018121
Chunk: 43

Company: Lottery.com Inc.
Filing Date: 2025-10-15
Form: 10-Q/A
Chunk 43
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 December 31, 2024, unrecognized stock-based compensation associated with
the restricted stock awards is $0.

The Company had restricted stock activity summarized as follows:

Schedule of Restricted Stock Awards Activity

|                                              |     |           |           |     | Weighted   |      |
|                                              |     |           |           |     | Average    |      |
|                                              |     | Number of |           |     | Grant      |      |
|                                              |     | Shares    |           |     | Fair Value |      |
| Outstanding at December 31, 2024             |     |           |         - |     | $          |    - |
| Granted                                      |     |           | 3,101,277 |     |            | 1.40 |
| Vested                                       |     |           | 3,101,277 |     |            | 1.40 |
| Forfeited/cancelled                          |     |           |         - |     |            |    - |
| Restricted shares unvested at March 31, 2025 |     |           |         - |     | $          |    - |

| F-24 |

Note 12. Income Taxes

We are required to file federal and state
income tax returns in the United States. The preparation of these tax returns requires us to interpret the applicable tax laws and regulations
in effect in such jurisdictions, which could affect the amount of tax paid by us. In consultation with our tax advisors, we base our tax
returns on interpretations that are believed to be reasonable under the circumstances. The tax returns, however, are subject to routine
reviews by the various federal and state taxing authorities in the jurisdictions in which we file tax returns. As part of these reviews,
a taxing authority may disagree with respect to the income tax positions taken by us (“uncertain tax positions”) and, therefore,
may require us to pay additional taxes. As required under applicable accounting rules, we accrue an amount for our estimate of additional
income tax liability, including interest and penalties, which we could incur as a result of the ultimate or effective resolution of the
uncertain tax positions. We account for income taxes using the asset and liability method. Under the asset and liability method, deferred
tax assets and liabilities are recognized for the future tax consequences attributed to differences between the financial statement carrying
amounts of existing assets and liabilities and their respective tax basis. Deferred tax assets and liabilities are measured using enacted
tax rates expected to apply to taxable