Company: LTRYW
Filing Date: 2025-01-16
Form Type: POS AM
Source: 0001493152-25-002444
Chunk: 303

Company: Lottery.com Inc.
Filing Date: 2025-01-16
Form: POS AM
Chunk 303
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, additional expenses associated with our ability to execute on our strategic initiatives including our aim to undertake merger and acquisition activities, as well as additional capital expenditures associated with potential further development of Project Nexus, the initial phase of which was implemented in the second quarter of 2022.

Current Plan of Operations

As of the date of this Amended Report, the Company’s primary revenue drivers are the resumption of its B2B API platform and the launch of Sports.com. It is anticipated that operational costs for the next 12 months through April 30, 2024 will be greater than revenues. It is anticipated that the liquidity gap will be satisfied by equity investment or debt incurred, of which there is no assurance. We anticipate that our B2C Platform will become operational by mid-year 2024.

Beyond the next 12 months, the Company plans to continue to expand in domestic and international operations. The Moreover, the Company plans to enhance its mobile application to include pool plays, ticket subscriptions, loyalty programs and various gamification modules.

| F-80 |

Results of Operations

Our consolidated financial statements have been prepared assuming that we will continue as a going concern and, accordingly, do not include adjustments relating to the recoverability and realization of assets and classification of liabilities that might be necessary should we be unable to continue in operation. We will require additional capital to meet our long-term operating requirements. We expect to raise additional capital through, among other things, the sale of equity or debt securities.

Year Ended December 31, 2023 Compared to Year Ended December 31, 2022

The following table summarizes our results of operations for the years ended December 31, 2023 and December 31, 2022, respectively.

|                                                |     | For the Year Ended December 31, |        2023 |   |     |   |        2022 |   |     |   |    $ Change |   |     |     | % Change |   |
|:-----------------------------------------------|:----|:--------------------------------|------------:|:--|:----|:--|------------:|:--|:----|:--|------------:|:--|:----|:----|---------:|:--|
| Revenue                                        |     | $                               |   6,987,474 |   |     | $ |   6,779,057 |   |     | $ |     208,417 |   |     |     |        3 | % |
| Cost