Company: LTRYW
Filing Date: 2025-01-16
Form Type: POS AM
Source: 0001493152-25-002444
Chunk: 174

Company: Lottery.com Inc.
Filing Date: 2025-01-16
Form: POS AM
Chunk 174
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. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the consolidated financial statements are free of material misstatement, whether due to error or fraud. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits, we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control over financial reporting. Accordingly, we express no such opinion.

Our audits included performing procedures to assess the risks of material misstatement of the consolidated financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the consolidated financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the consolidated financial statements. We believe that our audits provide a reasonable basis for our opinion.

Critical Audit Matters: The management listed the critical audit matters in the notes on accounts as they relate to the current period audit of the financial statements, specifically to (1) Note 2 revenue recognition as the core basis for the restatement of the Financial Statements (2) relate to accounts or disclosures that are material to the financial statements and (3) involved especially challenging, subjective, or complex judgments. These critical audit matters do not alter in any way our opinion on the financial statements, taken as a whole, and we are not, by referring the critical audit matters, providing separate opinions on the critical audit matters or on the accounts or disclosures to which they relate.

Yusufali Musaji

Managing Partner

Yusufali & Associates, LLC

Short Hills, NJ

PCAOB registration 

# 3313
We have served as the company’s auditor since 2022

June 4, 2024

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

CONDENSED CONSOLIDATED BALANCE SHEETS</div>

|                                                                                             |     | June 30, 2024 |              |   |     | December 31, 2023 |              |   |
|:--------------------------------------------------------------------------------------------|:----|:--------------|-------------:|:--|:----|:------------------|-------------:|:--|
|                                                                                             |     | -UNAUDITED    |              |   |     | -AUDITED          |              |   |
| ASSETS