Company: LTRYW
Filing Date: 2025-11-20
Form Type: 10-Q
Source: 0001493152-25-024384
Chunk: 77

Company: Lottery.com Inc.
Filing Date: 2025-11-20
Form: 10-Q
Item: Part I, Item 1
Chunk 77
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 and administrative expenses decreased $237,000, or 7%, from $3.6 million for the nine months ended September
30, 2024 to $3.4 million for the nine months ended September 30, 2025. Primary drivers of the decrease were: travel expenses lower by $72,000, consulting for technology development lower by $80,000, and software expenses lower by $60,000 in the nine months ended September 30, 2025 than the nine months ended September 30, 2024.

Depreciation
and Amortization. Depreciation and amortization decreased $543,000 or 14%, from $3.8 million for the nine months ended September 30,
2024 to $3.3 million for the nine months ended September 30, 2025. The decrease was primarily driven by write-offs to intangible assets
related to 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, 202