Company: LTRYW
Filing Date: 2025-05-21
Form Type: 10-Q
Source: 0001641172-25-011865
Chunk: 52

Company: Lottery.com Inc.
Filing Date: 2025-05-21
Form: 10-Q
Item: Part I, Item 2
Chunk 52
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ategic transactions. Equity financings may include sales of common stock. Such financing may not be available on terms favorable to
the Company or at all. The terms of any financing may adversely affect the holdings or rights of the Company’s stockholders and
may cause significant dilution to existing stockholders. There can be no assurance that the Company will be successful in obtaining sufficient
funding on terms acceptable to the Company, if at all, which would have a material adverse effect on its business, financial condition
and results of operations, and it could ultimately be forced to discontinue its operations and liquidate. These matters, when considered
in the aggregate, raise substantial doubt about the Company’s ability to continue as a going concern for a reasonable period of
time, which is defined as within one year after the date that the financial statements are issued. The accompanying financial statements
do not contain any adjustments to reflect the possible future effects on the classification of assets or the amounts and classification
of liabilities that might result from the outcome of this uncertainty.

   9  

Components
of Our Results of Operations (Prior to the Operational Cessation)

Our Revenue

Revenue
from B2C Platform.

Internationally,
B2C sales in jurisdictions where we do not have direct or indirect authority generate an immaterial amount of revenue, and we are assessing
our operations in these jurisdictions. As discussed above, our B2C Platform is not currently operational. We anticipate that our B2C
Platform will become operational in mid 2025.

Revenue
from B2B API.

Data
Services.

Our Operating
Costs and Expenses

Personnel
Costs.

Professional
Fees.

General
and Administrative.

Depreciation
and Amortization.

  10  

Key Trends
and Factors Affecting Our Results

The
following describes the trends associated with our business prior to the Operational Cessation that have impacted, and which we expect
will continue to impact, our business and results of operations in a material way:

International
operations

Introduction
of a new gaming platform

Our
growth plans and the competitive landscape.

Competition
in the sale of online lottery games has significantly increased in recent years, is currently characterized by intense price-based competition,
and is subject to changing technology, shifting needs and frequent introductions of new games, development platforms and services. To
maintain our competitive edge alongside other established industry players (many of which have more resources, or capital), we expect
to incur greater operating expenses