Company: LTRYW
Filing Date: 2025-10-15
Form Type: 10-Q/A
Source: 0001493152-25-018121
Chunk: 8

Company: Lottery.com Inc.
Filing Date: 2025-10-15
Form: 10-Q/A
Chunk 8
---
   |     |      |            |   |
| Interest paid in cash                                                         |     |                            $ |          - |   |     |    $ |          - |   |
| Taxes paid in cash                                                            |     |                            $ |          - |   |     |    $ |          - |   |

<div align='center'>The accompanying notes are an integral part of these
condensed consolidated financial statements.</div>

| F-4 |

<div align='center'>LOTTERY.COM INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

THREE MONTHS ENDED MARCH 31, 2025</div>

Note 1. Nature of Operations

Description of Business

Lottery.com Inc. (formerly Trident Acquisitions
Corp) (“TDAC”, “Lottery.com” or “the Company”), was formed as a Delaware corporation on March 17,
2016. On October 29, 2021, we consummated a business combination (the “Business Combination”) with AutoLotto, Inc. (“AutoLotto”).
Following the closing of the Business Combination (the “Closing”) we changed our name from “Trident Acquisitions Corp.”
to “Lottery.com Inc.” and the business of AutoLotto became our business. In connection with the Business Combination the Company
moved its headquarters from New York, New York to Spicewood, Texas. In September of 2024, the Company moved its headquarters to Fort Worth, Texas.

The Company is a leading provider of domestic
and international gaming and sports products and services. As an independent third-party lottery game service, the Company offers a platform that
it developed and operates to enable the remote purchase of legally sanctioned lottery games in the U.S. and abroad (the “Platform”).
The Company’s revenue generating activities are focused on (i) offering the Platform via the Lottery.com app and our websites to
users located in the U.S. and international jurisdictions where the sale of lottery games is legal and our services are enabled for the
remote purchase of legally sanctioned lottery games (our “B2C Platform”); (ii) delivering global lottery data, such as winning
numbers and results, and sports data, such as scores and statistics, to commercial digital subscribers and provide access to other proprietary,
anonymized transaction data pursuant to multi-year contracts (“Data Service”); and (iii) the creation and distribution of highly curated sports and
entertainment content which will