Company: LTRYW
Filing Date: 2025-04-25
Form Type: S-1/A
Source: 0001641172-25-006093
Chunk: 98

Company: Lottery.com Inc.
Filing Date: 2025-04-25
Form: S-1/A
Chunk 98
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 net loss per share |     |            |             (3.27 | ) |     |     |             (9.81 | ) |
| Balance Sheet Data (at period end)   |     |            |                   |   |     |     |                   |   |
| Cash and cash equivalents            |     |            |            68,035 |   |     |     |           359,826 |   |
| Working capital (deficit)            |     |            |       (12,818,924 | ) |     |     |        (7,449,358 | ) |
| Total assets                         |     |            |        52,942,271 |   |     |     |        64,408,563 |   |
| Total liabilities                    |     |            |        30,397,442 |   |     |     |        27,818,945 |   |
| Stockholders’ equity                 |     |            |        22,544,829 |   |     |     |        36,589,618 |   |

| 47 |

<div align='center'>MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION

AND RESULTS OF OPERATIONS</div>

You should read the following discussion and analysis of our financial condition andthe following discussion and analysis of our financial condition and results of operations together with the condensed consolidated financial statements and the related notes appearing elsewhere in this Report contains forward-looking statements that involve risks and uncertainties. Our actual results and the timing of events may differ materially from those expressed or implied in such forward-looking statements as a result of various factors, including those set forth in the section entitled “Cautionary Note Regarding Forward-Looking Statements” included herein and the sections entitled “Risk Factors” included in this Report and in our Annual Report on Form 10-K for the year ended December 31, 2024 (our “Annual Report”).

Internal Investigation and Operational Cessation

On July 6, 2022, the Company announced that the Audit Committee (the “Audit Committee”) of the board of directors of the Company (the “Board”) had retained outside counsel to conduct an independent investigation that revealed instances of non-compliance with state and federal laws concerning the states in which lottery tickets were procured as well as order fulfillment. The investigation also identified issues pertaining to the Company’s internal accounting controls (the “Internal Investigation”). Following a report on the filings of the Internal Investigation, on June