Company: LTRYW
Filing Date: 2025-04-21
Form Type: 10-K
Source: 0001641172-25-005487
Chunk: 110

Company: Lottery.com Inc.
Filing Date: 2025-04-21
Form: 10-K
Item: Item 8
Chunk 110
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Item
8. Financial Statements and Supplementary Data.

INDEX
TO CONSOLIDATED FINANCIAL STATEMENTS

  Report of Boladale Lawal & Co, Chartered Accountants (PCAOB ID:6993)                                             F-2  
  Consolidated Balance Sheets as of December 31, 2024 and 2023                                                     F-4  
  Consolidated Statements of Operations and Comprehensive Loss for the Years ended December 31, 2024 and 2023      F-5  
  Consolidated Statements of Equity for the Years ended December 31, 2024 and 2023                                 F-6  
  Consolidated Statements of Cash Flows for the Years ended December 31, 2024 and 2023                             F-7  
  Notes to Consolidated Financial Statements                                                                       F-8  

  F-1  

Report
of Independent Registered Public Accounting Firm

The
Board of Directors and Stockholders of

LOTTERY. COM
INC.

Opinion
on the Financial Statements

We
have audited the accompanying consolidated balance sheets of Lottery. Com Inc (the ‘ Company’) as of December 31, 2024 and
2023, and the related consolidated statements of operations and comprehensive loss, changes in stockholders’ equity/ (deficit)
and cash flows for each of the two years in the period ended December 31, 2024 and 2023, and the related notes (collectively referred
to as the “financial statements”).

In
our opinion, the consolidated financial position of the Company as of December 31, 2024 and 2023, and the results of its operations and
its cash flows for each of the two years in the period ended December 31, 2024 and 2023, in conformity with accounting principles generally
accepted in the United States of America.

Going
Concern

The
accompanying consolidated financial statements have been prepared assuming that the Company will continue as a going concern. As discussed
in Note 3, the Company suffered an accumulated deficit of $(263,694,287), net loss of $(28,709,075) and a negative working capital of
$(14,845,076). The Company is dependent on obtaining additional working capital funding from the sale of equity and/or debt securities
to execute its plans and continue operations. These conditions raise substantial doubt about the Company’s ability to continue
as a going concern. These financial statements do not include any adjustments that might result from the