Company: LTRYW
Filing Date: 2025-04-21
Form Type: 10-K
Source: 0001641172-25-005487
Chunk: 113

Company: Lottery.com Inc.
Filing Date: 2025-04-21
Form: 10-K
Item: Item 8
Chunk 113
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  Trade payables                                                                                                    (191,780                441,898      
  Deferred revenue                                                                                                  (107,143                (107,143     
  Accrued interest                                                                                                   359,989                374,703      
  Accrued and other expenses                                                                                       1,141,787                6,982,476    
  Other liabilities                                                                                                  543,508                542,083      
  Liability for acquisition of subsidiary                                                                            704,560                -            
  Other long-term liabilities                                                                                              -                -            
  Prior period adjustments to Accumulated Deficit                                                                                           (32,151      
  Net cash used by operating activities                                                                           (1,519,779                (2,109,221   
  Cash flow from investing activities                                                                                                                    
  Purchases of property and equipment                                                                                      -                -            
  Investment in goodwill and intangibles                                                                          (1,549,184                -            
  Net cash used in investing activities                                                                           (1,549,184                -            
  Cash flow from financing activities                                                                                                                    
  Proceeds (Payments) from loans from execs                                                                          375,666                -            
  Proceeds (Payments) from convertiblenotes payable                                                                2,510,053                2,270,993    
  Net cash provided by financing activities                                                                        2,885,719                2,270,993    
  Effect of exchange rate changes on cash                                                                            108,547                95,289       
  Net change in net cash and restricted cash                                                                        (291,791                257,061      
  Cash and restricted cash at beginning of period                                                                    359,826                102,766      
  Cash and restricted cash at end of period                                        $                                  68,035      $         359,826      
  Supplemental Disclosure of Cash Flow Information:                                                                                                      
  Interest paid in cash                                                            $                                       -      $         -            
  Taxes paid in cash                                                               $                                       -      $         -            

The
accompanying notes are an integral part of these restated consolidated financial statements.

  F-7  

LOTTERY. COM
INC.

NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS

Note
1. Nature of Operations

Description
of Business

During fiscal year 2024,
the Company continued to address legacy issues while identifying and securing partnerships along with completing key acquisitions in
order to stage Lottery. com for growth in fiscal year 2025. The cornerstone of the Company’s operational