Company: LTRYW
Filing Date: 2025-11-20
Form Type: 10-Q
Source: 0001493152-25-024384
Chunk: 154

Company: Lottery.com Inc.
Filing Date: 2025-11-20
Form: 10-Q
Item: Part I, Item 8
Chunk 154
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iving other products and services that were under
development when the Operational Cessation occurred.

 7 

As
of the date of this Report, the current estimated cash balance of the Company and subsidiaries is approximately $320,000. The Company
believes that this cash on hand, along with future borrowings, will be sufficient for the Company to resume its core operations.

Our
common stock and warrants are traded on The Nasdaq Stock Market LLC (“Nasdaq”) under the ticker symbols “SEGG”
and “LTRYW,” respectively. As of the date of this Report, we are in compliance with Nasdaq’s continued listing
requirements (the “Listing Rules”). Under its new management, the Company continues to work to improve its disclosure and
reporting controls. Also, the Company plans to continue to strengthen and improve its systems of internal control over financial reporting
and invest in additional legal, accounting, and financial resources.

If
the Company’s securities are delisted from Nasdaq, it could be more difficult to buy or sell the Company’s common stock and
warrants or to obtain accurate quotations, and the price of the Company’s common stock and warrants could suffer a material decline.
Delisting could also impair the Company’s ability to raise additional capital needed to fund its operations and/or trigger defaults
and penalties under outstanding agreements or securities of the Company.

There
can be no assurance that we will have sufficient capital to support our operations and pay expenses, repay our debt, or that additional
funds will be available on favorable terms, if at all. We may not be able to restart our operations or generate sufficient funding to
support such operations in the future. The Company’s ability to continue its current operations, prepare and refile required reports,
and restart its prior operations, is dependent upon obtaining new financing. Future financing options available to the Company include
equity financings, debt financings or other capital sources, including collaborations with other companies or other strategic 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