Company: LTRYW
Filing Date: 2025-11-20
Form Type: 10-Q
Source: 0001493152-25-024384
Chunk: 255

Company: Lottery.com Inc.
Filing Date: 2025-11-20
Form: 10-Q
Item: Part II, Item 8
Chunk 255
---
 Global Gaming in 2024 and because Tinbu intangibles became fully amortized in the summer of 2024 and there has been no amortization on them in the nine months ending September 30, 2025.

Other
(Income) Expense, Net.

    For the nine months Ended  

    September 30,  

    2025  
    2024  
    $ Change  
    % Change 

    Other expenses 

    Interest (Income) expense 
     7,726  
     350,784  
     (343,058) 
     -98%
  
    Other (Income) expense 
     (107,948) 
     (11,747) 
     (96,201) 
     819%
  
    Loss on impairment of intangibles & goodwill 
     -  
     4,298,002  
     (4,298,002) 
     -100%
  
    Total other expenses, net 
     (100,222) 
     4,637,039  
     (4,737,261) 
     -102%

Interest
Expense (Income). Interest expense for the nine months ended September 30, 2025 was $8,000 vs interest expense of $351,000 for the
nine months ended September 30, 2024, a decrease of $344,000 or 98%. Interest accrual for convertible debt was lower for the nine months
ended September 30, 2025 due to lower balances for convertible debt as a result of conversions to equity. Additionally, accruals for
$227,000 were recorded in the nine months ended September 30, 2025 for accrued interest income on a note receivable.

Other
(Income) Expense. Other income was $108,000 for the nine months ended September 30, 2025 vs. $12,000 for the
nine months ended September 30, 2024, an increase of $96,000 or 819%.

Our consolidated financial statements have been prepared assuming that we will continue as a going concern and, accordingly, do not include
adjustments relating to the recoverability and realization of assets and classification of liabilities that might be necessary should
we be unable to continue in operation. We will require additional capital to meet our long-term operating requirements. We expect to raise
additional capital through, among other things