10-K/A - Lottery.com Inc. (0001673481) (Filer)

Tue, Sep 24, 5:57 PM (10 days ago)

Lottery.com Inc. filed Amendment No. 2 to its Form 10-K for the fiscal year ending December 31, 2023, primarily to include a properly dated Auditor’s Report. The financial statements reflect a stockholder’s deficit, net losses, and negative working capital, raising substantial doubt about the company's ability to continue as a going concern. The report indicates that the financials present fairly, except for the failure to file federal and state tax returns for 2023 and 2022. The aggregate market value of non-affiliate stock was approximately $7.8 million as of December 29, 2023, with 4,780,380 shares outstanding. The amendment emphasizes critical audit matters related to revenue recognition and complex judgments impacting financial disclosures. The company remains a smaller reporting and emerging growth company, facing ongoing financial challenges and uncertainties regarding its operational viability. Future outlook remains cautious given the current financial condition and market position.