Company: LTRYW
Filing Date: 2025-04-11
Form Type: S-1
Source: 0001641172-25-003901
Chunk: 134

Company: Lottery.com Inc.
Filing Date: 2025-04-11
Form: S-1
Chunk 134
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, Company will pay to Investor a termination fee of $1,000,000, which is payable, at our option, in cash or
in shares of common stock at a price equal to the closing price on the day immediately preceding the date of receipt of the termination
notice.

See “Recent Developments: Loan Agreement with Woodford” and “Loan Agreement with United Capital Investments London Limited”above for additional information.

Cash Flows

Net cash provided by operating activities was $953 thousand for the nine months ended September 30, 2024, compared to net cash used in operating activities of ($767) thousand for the nine months ended September 30, 2023.

Net cash used in
investing activities during the Nine months ended September 30, 2024 was $885 thousand, compared with $0 was the
same period the prior year.

Net cash provided by financing activities was ($32) thousand for the months ended September 30, 2024, compared to net cash provided of $871 thousand for the nine months ended September 30, 2023, which was $839 thousand lower year over year.

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Emerging Growth Company Accounting Election

Section 102(b)(1) of the
JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private
companies are required to comply with the new or revised financial accounting standards. The JOBS Act provides that a company can choose
not to take advantage of the extended transition period and comply with the requirements that apply to non-emerging growth companies,
and any such election to not take advantage of the extended transition period is irrevocable. We are an “emerging growth company”
as defined in Section 2(a) of the Securities Act of 1933, as amended, and have elected to take advantage of the benefits of this extended
transition period. We expect to remain an emerging growth company through the end of the 2026 fiscal year and we expect to continue to
take advantage of the benefits of the extended transition period. This may make it difficult or impossible to compare the financial results
with the financial results of another public company that is either not an emerging growth company or is an emerging growth company that
has chosen not to take advantage of the extended transition period exemptions for emerging growth companies because of the potential
differences in accounting standards used.

Critical Accounting Policies and Estimates

Our financial statements
and the related notes thereto included elsewhere in this Report are prepared in