Company: LTRYW
Filing Date: 2025-01-16
Form Type: POS AM
Source: 0001493152-25-002444
Chunk: 206

Company: Lottery.com Inc.
Filing Date: 2025-01-16
Form: POS AM
Chunk 206
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 is probable the performance condition will be achieved. As of June 30, 2024 and December 31, 2023, unrecognized stock-based compensation associated with the restricted stock awards is $ 0and $ 0respectively.

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, 2023             |     |           |         - |     | $          |    - |
| Granted                                      |     |           | 3,101,277 |     |            | 1.40 |
| Vested                                       |     |           | 3,101,277 |     |            | 1.40 |
| Forfeited/cancelled                          |     |           |         - |     |            |    - |
| Restricted shares unvested at March 31, 2024 |     |           |         - |     |            |    - |
| Granted **                                   |     |           | 2,669,932 |     |            | 1.05 |
| Vested **                                    |     |           | 2,669,932 |     |            | 1.05 |
| Forfeited/cancelled                          |     |           |         - |     |            |      |
| Restricted shares unvested at June 30, 2024  |     |           |         - |     | $          |    - |

** Of the shares granted during the quarter ending June 30, 2024 approximately
1.75M shares were granted in lieu of making cash payments to satisfy accrued liabilities and approximately 900K shares were issued to
compensate for consulting services incurred during the quarter.

| F-23 |

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