Company: LTRYW
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001641172-25-024882
Chunk: 43

Company: Lottery.com Inc.
Filing Date: 2025-08-19
Form: 10-Q
Item: Part I, Item 1
Chunk 43
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 Raton
Florida for $25,000
per month under a 12 month lease agreement that commenced on August 1, 2024 and continues thru July
31, 2025. 2025. As of the date of this report, the lease for the campus has not been renewed and the Company is now renting
the campus month-to-month, pending a decision by the Company on entering into a new lease for the space. For the three months ended
June 30, 2025 and 2024 rent expense was $82,302
and $12,309,
respectively.

As
of June 30, 2025, future minimum rent payments due under non-cancellable leases with initial are as follows:

Schedule
of Future Minimum Rent Payments Due Under Non-Cancellable Leases 

    Years ending December 31, 
    Amount 
  
    2025 
     25,000 
  
    Thereafter 
     - 
  
    Total 
    $25,000 

Litigation
and Other Loss Contingencies

As
of June 30, 2025, there were no pending proceedings that are deemed to be materially detrimental. The Company is a party to legal proceedings
in the ordinary course of its business. The Company believes that the nature of these proceedings is typical for a company of its size
and scope. See Part II, Item 1 for additional information.

Note
14. Related Party Transactions

The
Company has entered into transactions with related parties. The Company regularly reviews these transactions; however, the Company’s
results of operations may have been different if these transactions were conducted with nonrelated parties.

Christopher
Gooding, a director of the Company appointed on August 10, 2023, is an attorney licensed in the United Kingdom who previously
provided some limited consulting services to the Company’s outside general counsel on few select U.K. legal matters that could
potentially impact the Company. Mr. Gooding was compensated for his limited services separately from his compensation as a director
of the Company. Mr. Gooding began providing the limited consulting service to the Company outside general counsel in February 2024.
He was paid a total of  $264,000 in 2024 for his limited consulting services. His compensation for the limited consulting services provided during the three months ended June
30, 2025 was $72,000. Mr. Gooding ended his limited consulting services to the Company’s outside general counsel on the few