Lottery.com Files Amended Q3 2023 10-Q

TL;DR

Lottery.com amended its Q3 2023 10-Q. Updated financials are in.

AI Summary

Lottery.com Inc. filed an amended 10-Q for the period ending September 30, 2023. The filing includes financial data for the nine months ended September 30, 2023, and comparative periods. Key financial statement items such as common stock, additional paid-in capital, and retained earnings are detailed.

Why It Matters

This amended filing provides updated financial information for Lottery.com Inc., crucial for investors and stakeholders to assess the company's performance and financial health as of Q3 2023.

Risk Assessment

Risk Level: medium — Amended filings can indicate previously undisclosed issues or errors, requiring closer scrutiny of the changes made.

Key Numbers

• 9 months ended September 30, 2023 — Reporting Period (Primary period covered by the amended 10-Q)
• September 30, 2023 — As of Date (Key balance sheet date for the filing)
• December 31, 2022 — Prior Year End (Comparative balance sheet date)

Key Players & Entities

• Lottery.com Inc. (company) — Filer of the 10-Q/A
• Trident Acquisitions Corp. (company) — Former name of Lottery.com Inc.
• 20230930 (date) — Conformed period of report for the 10-Q/A
• 20240829 (date) — Filed as of date for the 10-Q/A

FAQ

Key Financial Figures

• $0.001 — nge on which registered Common stock, $0.001 par value LTRY The Nasdaq Stock Mar
• $230.00 — mon stock, each at an exercise price of $230.00 LTRYW The Nasdaq Stock Market LLC

Filing Documents

• form10-qa.htm (10-Q/A) — 1096KB
• ex10-5.htm (EX-10.5) — 6KB
• ex31-1.htm (EX-31.1) — 18KB
• ex31-2.htm (EX-31.2) — 18KB
• ex32-1.htm (EX-32.1) — 7KB
• ex32-2.htm (EX-32.2) — 8KB
• 0001493152-24-034347.txt ( ) — 5483KB
• ltry-20230930.xsd (EX-101.SCH) — 42KB
• ltry-20230930_cal.xml (EX-101.CAL) — 53KB
• ltry-20230930_def.xml (EX-101.DEF) — 194KB
• ltry-20230930_lab.xml (EX-101.LAB) — 367KB
• ltry-20230930_pre.xml (EX-101.PRE) — 285KB
• form10-qa_htm.xml (XML) — 725KB

Financial Information

Part I. Financial Information

Consolidated Financial Statements

Item 1. Consolidated Financial Statements 1 Condensed Consolidated Balance Sheets as of September 30, 2023 (unaudited) and December 31, 2022 F-1 Condensed Consolidated Statements of Operations and Comprehensive Loss for the three and nine months ended September 30, 2023 and 2022 (unaudited) F-2 Condensed Consolidated Statements of Equity for the three and nine months ended September 30, 2023 and 2022 (unaudited) F-3 Condensed Consolidated Statements of Cash Flows for the nine months ended September 30, 2023 and 2022 (unaudited) F-4 Notes to Condensed Consolidated Financial Statements (unaudited) F-5

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 2

Quantitative and Qualitative Disclosures about Market Risk

Item 3. Quantitative and Qualitative Disclosures about Market Risk 15

Controls and Procedures

Item 4. Controls and Procedures 15

Other Information

Part II. Other Information

Legal Proceedings

Item 1. Legal Proceedings 17

Risk Factors

Item 1A. Risk Factors 18

Unregistered Sales of Equity Securities and Use of Proceeds

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 19

Defaults Upon Senior Securities

Item 3. Defaults Upon Senior Securities 19

Mine Safety Disclosures

Item 4. Mine Safety Disclosures 19

Other Information

Item 5. Other Information 19

Exhibits

Item 6. Exhibits 19 i CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This Quarterly Report on Form 10-Q (this "Report") contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act") and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), including statements about the financial condition, results of operations, earnings outlook and prospects of Lottery.com Inc. ("Lottery.com", the "Company", "we" or "us"). Forward-looking statements appear in a number of places in this Report, including, without limitation, under the heading in Part I, " Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations. " In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements.

Forward-looking statements are typically identified by words such as "plan," "believe," "expect,"

Forward-looking statements are typically identified by words such as "plan," "believe," "expect," "anticipate," "intend," "outlook," "estimate," "forecast," "project," "continue," "could," "may," "might," "possible," "potential," "predict," "should," "would" and other similar words and expressions, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking in circumstances and their potential effects and speak only as of the date of such statement. There can be no assurance that future developments will be those that have been anticipated. These forward-looking statements involve a number of risks, uncertainties or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to, those factors discussed and identified in the section entitled "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2022 (the "Annual Report") and in this Report, as such factors may be updated in our periodic reports filed with the Securities and Exchange Commission (the "SEC"), as well as the following: The findings of the previously disclosed Internal Investigation (as defined herein) and other matters have exposed us to a number of legal proceedings, investigations and inquiries, resulted in significant legal and other expenses, required significant time and attention from our senior management, among other adverse impacts. We and certain of our former officers are, and in the future, we or our officers and directors may become, the subject of legal proceedings, investigations and inquiries by governmental agencies with respect to the findings of the Internal Investigation and other matters, which could have a material adv

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View this 10-Q/A filing on SEC EDGAR