Lottery.com (LTRY) 10-K/A 9 May 23 2021 FY Annual report (amended) Financial data

Cover

Cover - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Mar. 25, 2022	Jun. 30, 2021
Document Type	10-K/A
Amendment Flag	true
Amendment Description	In accordance with Rule 12b-15 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), Lottery.com Inc. (the “Company,” “we,” “us,” or “our”) is filing this Amendment No. 1 (this “Amended Report”) to our Annual Report on Form 10-K for the fiscal year ended December 31, 2021, which was originally filed with the U.S. Securities and Exchange Commission (the “SEC”) on April 1, 2022 (the “Original Report”), to amend and revise the following Items of our Original Report:
Document Annual Report	true
Document Transition Report	false
Document Period End Date	Dec. 31, 2021
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2021
Current Fiscal Year End Date	--12-31
Entity File Number	001-38508
Entity Registrant Name	LOTTERY.COM INC.
Entity Central Index Key	0001673481
Entity Tax Identification Number	81-1996183
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	20808 State Hwy 71 W
Entity Address, Address Line Two	Unit B Spicewood
Entity Address, City or Town	TX
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	78669
City Area Code	512
Local Phone Number	592-2451
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	No
Entity Interactive Data Current	No
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Elected Not To Use the Extended Transition Period	false
Entity Shell Company	false
Entity Public Float			$ 73
Entity Common Stock, Shares Outstanding		50,700,683
Documents Incorporated by Reference [Text Block]	Portions of the registrant’s definitive proxy statement relating to its 2022 Annual Meeting of Stockholders, to be filed within 120 days after the end of the fiscal year covered by this Annual Report on Form 10-K, are incorporated by reference into Part III herein.
ICFR Auditor Attestation Flag	false
Auditor Location	NJ
Auditor Name	Yusufali & Associates, LLC
Auditor Firm ID	3313
Common stock, par value $0.001 per share [Member]
Title of 12(b) Security	Common stock, par value $0.001 per share
Trading Symbol	LTRY
Security Exchange Name	NASDAQ
Warrants to purchase one share of common stock, each at an exercise price of $11.50 [Member]
Title of 12(b) Security	Warrants to purchase one share of common stock, each at an exercise price of $11.50
Trading Symbol	LTRYW
Security Exchange Name	NASDAQ

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Current assets:
Cash and cash equivalents	$ 32,638,970	$ 3,825,511
Restricted cash		6,950,000
Accounts receivable	79,181	26,195
Prepaid expenses	22,896,638	22,013,110
Other current assets	226,200	788,033
Total current assets	55,840,989	33,602,849
Investments	250,000	250,000
Goodwill	19,590,758	12,997,048
Intangible assets, net	28,710,980	3,211,250
Property and equipment, net	141,279	670,952
Total assets	104,534,006	50,732,099
Current liabilities:
Trade payables	1,006,535	2,176,621
Deferred revenue	1,162,335	7,763,593
Convertible debt, net - current		8,882,665
Notes payable - current	3,771,340	12,207,180
Accrued interest	176,260	721,717
Accrued and other expenses	4,416,168	2,335,350
Total current liabilities	10,532,638	34,087,126
Long-term liabilities:
Convertible debt, net - non current		10,000
Other long term liabilities	1,169
Total long-term liabilities	1,169	10,000
Total liabilities	10,533,807	34,097,126
Commitments and contingencies
Equity
Controlling Interest
Preferred Stock, par value $0.001, 1,000,000 shares authorized, none issued and outstanding
Common stock, par value $0.001, 500,000,000 shares authorized, 50,256,317 and 22,658,006 issued and outstanding as of December 31, 2021 and 2020, respectively	50,256	22,658
Additional paid-in capital	239,358,644	111,752,883
Accumulated other comprehensive loss	(655)
Accumulated deficit	(148,188,138)	(95,140,568)
Total Lottery.com Inc. stockholders’ equity	91,220,107	16,634,973
Noncontrolling interest	2,780,092
Total Equity	94,000,199	16,634,973
Total liabilities and stockholders’ equity	$ 104,534,006	$ 50,732,099

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2021	Dec. 31, 2020
Statement of Financial Position [Abstract]
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred Stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	500,000,000	500,000,000
Common stock, shares issued	50,256,317	22,658,006
Common stock, shares outstanding	50,256,317	22,658,006

Consolidated statements of oper

Consolidated statements of operations and comprehensive loss - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Income Statement [Abstract]
Revenue	$ 16,409,922	$ 7,459,514
Cost of revenue	8,158,707	2,952,415
Gross profit	8,251,215	4,507,099
Operating expenses:
Personnel costs	20,536,328	4,477,955
Professional fees	8,279,798	1,121,218
General and administrative	5,020,495	1,084,784
Depreciation and amortization	4,292,606	1,533,994
Total operating expenses	38,129,227	8,217,951
Loss from operations	(29,878,012)	(3,710,852)
Other expenses
Interest expense	19,789,451	1,221,928
Reserve loss of prepaid advertising credits	2,000,000
Other expense	2,907,518	879,083
Total other expenses, net	24,696,969	2,101,011
Net loss before income tax	(54,574,981)	(5,811,863)
Income tax expense (benefit)	(1,664,335)	800
Net loss	(52,910,646)	(5,812,663)
Other comprehensive loss
Foreign currency translation adjustment, net	(655)
Comprehensive loss	(52,911,301)	(5,812,663)
Net income attributable to noncontrolling interest	136,924
Net loss attributable to Lottery.com Inc.	$ (53,048,225)	$ (5,812,663)
Net loss per common share
Basic and diluted	$ (2.04)	$ (0.26)
Weighted average common shares outstanding
Basic and diluted	25,998,831	22,658,006

Consolidated Statements of Equi

Consolidated Statements of Equity - USD ($)	Total	Common Stock [Member]	Preferred Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Parent [Member]	Noncontrolling Interest [Member]
Balance at Dec. 31, 2019	$ 20,376,204	$ 22,658		$ 109,681,451	$ (89,327,905)		$ 20,376,204
Balance, shares at Dec. 31, 2019		22,658,006
Beneficial conversion feature on notes payable	1,405,341			1,405,341			1,405,341
Issuance of digital securities	649,992			649,992			649,992
Stock-based compensation (Restated)	16,099			16,099			16,099
Net loss (Restated)	(5,812,663)				(5,812,663)		(5,812,663)
Balance at Dec. 31, 2020	16,634,973	$ 22,658		111,752,883	(95,140,568)		16,634,973
Balance, shares at Dec. 31, 2020		22,658,006
Beneficial conversion feature on notes payable	8,480,697			8,480,697			8,480,697
Issuance of digital securities	108,331			108,331			108,331
Stock-based compensation (Restated)	14,483,057	3,448		14,479,609			14,483,057
Net loss (Restated)	(52,910,646)				(53,047,570)		(53,047,570)	136,924
Issuance of common stock upon stock option exercise	$ 253,717	$ 738		252,979			253,717
Issuance of common stock upon stock option exercise, shares	737,732	737,732
Issuance of common stock upon warrant exercise	$ 118,009	$ 177		117,832			118,009
Issuance of common stock upon warrant exercise, shares		177,684
Effect of reverse capitalization, net	$ 38,954,315	$ 11,385		38,942,930			38,954,315
Effect of reverse capitalization, net, shares	11,384,655	11,384,655
Conversion of convertible debt	$ 64,775,542	$ 11,163		64,764,379			64,775,542
Conversion of convertible debt, shares		11,162,735
Issuance of common stock in business acquisition	459,691	$ 687		459,004			459,691
Issuance of common stock in business acquisition, shares		687,439
Stock-based compensation, shares		3,448,066
Minority interest in business acquisition (Restated)	2,643,168							2,643,168
Other comprehensive loss	(655)					(655)	(655)
Balance at Dec. 31, 2021	$ 94,000,199	$ 50,256		$ 239,358,644	$ (148,188,138)	$ (655)	$ 91,220,107	$ 2,780,092
Balance, shares at Dec. 31, 2021		50,256,317

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Cash flow from operating activities
Net loss attributable to Lottery.com Inc.	$ (53,048,225)	$ (5,812,663)
Adjustments to reconcile net loss to net cash used in operating activities:
Net income attributable to noncontrolling interest	136,924
Depreciation and amortization	4,292,606	1,533,994
Non-cash interest expense	17,274,299	827,647
Stock-based compensation expense	14,483,057	16,099
Forgiveness of PPP Loan	(493,125)
Loss on extinguishment of debt	115,788
Issuance of debt to pay expenses	2,732,167
Income tax valuation allowance	(1,653,067)
Other non-cash items, net	655
Changes in assets & liabilities:
Accounts receivable	(18,852)
Prepaid expenses	(878,504)	295,772
Other current assets	627,182	(38,167)
Trade payables	(1,557,570)	(341,251)
Deferred revenue	(6,735,965)	7,647,305
Accrued interest	(545,457)	394,282
Accrued and other expenses	2,080,818	174,023
Other long term liabilities	1,169
Net cash provided by operating activities	(23,186,100)	4,697,041
Cash flow from investing activities
Purchases of property and equipment	(27,474)	(21,915)
Purchases of intangible assets	(517,894)
Investment in subsidiary, net	(13,399,408)
Net cash used in investing activities	(13,944,776)	(21,915)
Cash flow from financing activities
Issuance of digital securities	108,332	649,992
Proceeds from exercise of options and warrants	371,726
Proceeds from issuance of convertible debt	23,483,500	5,271,363
Payment of debt issuance costs	(1,115,031)
Proceeds from issuance of notes payable	5,000,000	910,825
Proceeds from reverse recapitalization	42,794,176
Principal payments on debt	(11,647,713)	(890,287)
Net cash provided by financing activities	58,994,990	5,941,893
Effect of exchange rate changes on cash	(655)
Net change in net cash and restricted cash	21,863,459	10,617,019
Cash and restricted cash at beginning of period	10,775,511	158,492
Cash and restricted cash at end of period	32,638,970	10,775,511
Supplemental Disclosure of Cash Flow Information:
Interest paid in cash	4,438,623
Taxes paid in cash	5,578
Non cash investing and financing activities
Conversion of convertible debt into common stock	63,484,240
Capitalization of interest from loan extinguishment	44,614
Purchase of intangible assets through the issuance of convertible debt	15,450,000
Issuance of convertible debt in exchange for outstanding liabilities	1,855,000
Issuance of convertible debt in exchange for notes payable	4,531,250
Common stock issued as part of acquisition	459,691
Beneficial conversion feature on notes payable	$ 8,480,697

Nature of Operations

Nature of Operations	12 Months Ended
	Dec. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Operations	1. Nature of Operations Description of Business Lottery.com Inc. (formerly Trident Acquisitions Corp) (“TDAC”, “Lottery.com” or “the Company”), was formed as a Delaware corporation on March 17, 2016. On October 29, 2021, we consummated a business combination (the “Business Combination”) with AutoLotto, Inc. (“AutoLotto”). Following the closing of the Business Combination (the “Closing”) we changed our name from “Trident Acquisitions Corp.” to “Lottery.com Inc.” and the business of AutoLotto became our business. In connection with the Business Combination the Company moved its headquarters from New York, New York to Spicewood, Texas. The Company is a leading provider of domestic and international lottery products and services. As an independent third-party lottery game service, the Company offers a platform that it developed and operates to enable the remote purchase of legally sanctioned lottery games in the U.S. and abroad (the “Platform”). The Company’s revenue generating activities are focused on (i) offering the Platform via the Lottery.com app and our websites to users located in the U.S. and international jurisdictions where the sale of lottery games is legal and our services are enabled for the remote purchase of legally sanctioned lottery games (our “B2C Platform ” As a provider of lottery products and services, the Company is required to comply, and its business is subject to, regulation in each jurisdiction in which the Company offers the B2C Platform, or a commercial partner offers users access to lottery games through the B2B API. In addition, it must also comply with the requirements of federal and other domestic and foreign regulatory bodies and governmental authorities in jurisdictions in which the Company operates or with authority over its business. The Company’s business is additionally subject to multiple other domestic and international laws, including those relating to the transmission of information, privacy, security, data retention, and other consumer focused laws, and, as such, may be impacted by changes in the interpretation of such laws. On June 30, 2021, the Company acquired interest in Medios Electronicos y de Comunicacion, S.A.P.I de C.V. (“Aganar”) and JuegaLotto, S.A. de C.V. (“JuegaLotto”). Aganar has been operating in the licensed iLottery market in Mexico since 2007 as an online retailer of Mexican National Lottery draw games, instant digital scratch-off games and other games of chance. JuegaLotto is licensed by the Mexican federal regulatory authorities to sell international lottery games in Mexico. On July 28, 2022, the Board determined that the Company did not currently have sufficient financial resources to fund its operations or pay certain existing obligations, including its payroll and related obligations and effectively ceased its operations furloughing certain employees effective July 29, 2022 (the “Operational Cessation”). Subsequently, the Company has had minimal day-to-day operations and has primarily focused its operations on restarting certain aspects of its core business (the “Plans for Recommencement of Company Operations”). On April 25, 2023, as part of the Plans for Recommencement of Company Operations, the Company resumed its ticket sales operations to support its affiliate partners through its Texas retail network.

Significant Accounting Policies

Significant Accounting Policies	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
Significant Accounting Policies	2. Significant Accounting Policies Basis of Presentation The accompanying consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“ GAAP ASC ASU FASB Going Concern The accompanying consolidated financial statements have been prepared on a going concern basis of accounting, which contemplates continuity of operations, realization of assets and classification of liabilities and commitments in the normal course of business. The accompanying consolidated financial statements do not reflect any adjustments relating to the recoverability and classification of recorded asset amounts or the amounts and classifications of liabilities that might result if the Company is unable to continue as a going concern. Pursuant to the requirements of the Financial Accounting Standards Board’s Accounting Standards Codification (“ASC”) Topic 205-40, Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern, management must evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the Company’s ability to continue as a going concern for one year from the date these financial statements are issued. This evaluation does not take into consideration the potential mitigating effect of management’s plans that have not been fully implemented or are not within control of the Company as of the date the financial statements are issued. When substantial doubt exists under this methodology, management evaluates whether the mitigating effect of its plans sufficiently alleviates substantial doubt about the Company’s ability to continue as a going concern. The mitigating effect of management’s plans, however, is only considered if both (1) it is probable that the plans will be effectively implemented within one year after the date that the financial statements are issued, and (2) it is probable that the plans, when implemented, will mitigate the relevant conditions or events that raise substantial doubt about the entity’s ability to continue as a going concern within one year after the date that the financial statements are issued. Due to losses experienced by the Company’s Operational Cessation, the Company has experienced recurring net losses and negative cash flows from operations and has an accumulated deficit of approximately $ 148 45.3 53 29.9 3.7 The Company has historically funded its activities to date almost exclusively from debt and equity financing. Management’s plans in order to meet its operating cash flow requirements include financing activities such as private placements of its common stock, preferred stock offerings, and issuances of debt and convertible debt. Although Management believes that it will be able to continue to raise funds by sale of its securities to provide the additional cash needed to meet the Company’s obligations as they become due beginning with a loan agreement the Company entered into with Woodford Eurasia Assets, Ltd. (“Woodford”) on December 7, 2022 (see Subsequent Events), the Plans for Recommencement of Company Operations to require substantial funds to implement and there is no assurance that the Company will be able to continue raising the required capital. The Company’s ability to continue as a going concern for the next twelve months from the issuance of these financial statements depends on its ability to execute its business plan, increase revenue, and reduce expenditures. Such conditions raise substantial doubt about the Company’s ability to continue as a going concern. Impact of Trident Acquisition Corp. Business Combination We accounted for the October 29, 2021 Business Combination as a reverse recapitalization whereby AutoLotto was determined as the accounting acquirer and Trident Acquisition Corp. (“TDAC”) as the accounting acquiree. This determination was primarily based on: ● former AutoLotto stockholders having the largest voting interest in Lottery.com Inc. (“Lottery.com”); ● the board of directors of Lottery.com having 7 members, and AutoLotto’s former stockholders having the ability to nominate the majority of the members of the board of directors; ● AutoLotto management continuing to hold executive management roles for the post-combination company and being responsible for the day-to-day operations; ● the post-combination company assuming the Lottery.com name; ● Lottery.com maintaining the pre-existing AutoLotto headquarters; and the intended strategy of Lottery.com being a continuation of AutoLotto’s strategy. Accordingly, the Business Combination was treated as the equivalent of AutoLotto issuing stock for the net assets of TDAC, accompanied by a recapitalization. The net assets of TDAC are stated at historical cost, with no goodwill or other intangible assets recorded. While TDAC was the legal acquirer in the Business Combination, because AutoLotto was determined as the accounting acquirer, the historical financial statements of AutoLotto became the historical financial statements of the combined company, upon the consummation of the Business Combination. As a result, the financial statements included in the accompanying consolidated financial statements reflect (i) the historical operating results of AutoLotto prior to the Business Combination; (ii) the combined results of the Company and AutoLotto following the closing of the Business Combination; (iii) the assets and liabilities of AutoLotto at their historical cost; and (iv) the Company’s equity structure for all periods presented. In connection with the Business Combination transaction, we have converted the equity structure for the periods prior to the Business Combination to reflect the number of shares of the Company’s common stock issued to AutoLotto’s stockholders in connection with the recapitalization transaction. As such, the shares, corresponding capital amounts and earnings per share, as applicable, related to AutoLotto convertible preferred stock and common stock prior to the Business Combination have been retroactively converted by applying the exchange ratio established in the Business Combination. Non-controlling Interests Non-controlling interests represent the proportionate ownership of Aganar and JuegaLotto, held by minority members and reflect their capital investments as well as their proportionate interest in subsidiary losses and other changes in members’ equity, including translation adjustments. Segment Reporting Operating segments are defined as components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker in deciding how to allocate resources and in assessing operating performance. Under the provisions of ASC 280, Segment Reporting, the Company is not organized around specific services or geographic regions. The Company operates in one service line, providing lottery products and services. We determined that our Chief Financial Officer is the Chief Operating Decision Maker and he uses financial information, business prospects, competitive factors, operating results and other non-U.S. GAAP financial ratios to evaluate our performance, which is the same basis on which our results and performance are communicated to our Board of Directors. Based on the information described above and in accordance with the applicable literature, management has concluded that we are organized and operated as one operating and reportable segment on a consolidated basis for each of the periods presented. Concentration of Credit Risks Financial instruments that are potentially subject to concentrations of credit risk are primarily cash. Cash holdings deposits are placed with major financial institutions deemed to be of high-credit-quality in order to limit credit exposure. The Company maintains deposits and certificates of deposit with banks which may exceed the Federal Deposit Insurance Corporation (“FDIC”) insured limit and money market accounts which are not FDIC insured. In addition, deposits aggregating approximately $ 19,790 Use of Estimates The preparation of the financial statements requires management to make estimates and assumptions to determine the reported amounts of assets, liabilities, revenue and expenses. Although management believes these estimates are reasonable, actual results could differ from these estimates. The Company evaluates its estimates on an ongoing basis and prepares its estimates on historical experience and other assumptions the Company believes to be reasonable under the circumstances. Reclassifications Certain balances have been reclassified in the accompanying consolidated financial statements to conform to the current year presentation. These reclassifications had no effect on the balances of current or total assets and prior year’s net loss or accumulated deficit. Foreign currency translation Assets and liabilities of subsidiaries operating outside the United States with a functional currency other than U.S. Dollars are translated into U.S. Dollars using year-end exchange rates. Sales, costs and expenses are translated at the average exchange rates in effect during the year. Foreign currency translation gains and losses are included as a component of accumulated other comprehensive income (loss). Cash and Restricted Cash As of December 31, 2021 and 2020, cash comprised of cash deposits, and deposits with some banks exceeded federally insured limits with the majority of cash held in one financial institution. Management believes all financial institutions holding its cash are of high credit quality and does not believe the Company is subject to unusual credit risk beyond the normal credit risk associated with commercial banking relationships. The Company had no As of December 31, 2020, restricted cash included $ 6,950,000 0 30,000,000 Accounts Receivable The Company through its various merchant providers pre-authorizes forms of payment prior to the sale of digital representation of lottery games to minimize exposure to losses related to uncollected payments and does not extend credit to the user of the B2C Platform or the commercial partner of the B2B API, which are its customers, in the normal course of business. The Company estimates its bad debt exposure each period and records a bad debt provision for accounts receivable it believes it may not collect in full. The Company did not record any allowance for uncollectible receivables as of December 31, 2021 and 2020. The Company has not incurred bad debt expense historically. Prepaid Expenses Prepaid expenses consist of payments made on contractual obligations for services to be consumed in future periods. The Company entered into an agreement with a third party to provide advertising services and issued equity instruments as compensation for the advertising services (“Prepaid advertising credits”). The Company expenses the service as it is performed by the third party. The value of the services provided were used to value these contracts, except the Company expensed reserve loss of prepaid advertising credits of $ 2,000,000 22,013,110 22,896,638 Investments On August 2, 2018, AutoLotto purchased 186,666 4% 20% Property and equipment, net Property and equipment are stated at cost. Depreciation and amortization are generally computed using the straight-line method over estimated useful lives ranging from three five years Depreciation of property and equipment is computed using the straight-line method over the following estimated useful lives: Schedule of Depreciation of Property and Equipment Computers and equipment 3 Furniture and fixtures 5 Software 3 Leases Right-of-use assets (“ROU assets”) represent the Company’s right to use an underlying asset for the lease term and lease liabilities represent the obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease term. Variable lease payments are not included in the calculation of the right-of-use asset and lease liability due to uncertainty of the payment amount and are recorded as lease expense in the period incurred. As most of the leases do not provide an implicit rate, the Company used its incremental borrowing rate based on the information available at commencement date in determining the present value of lease payments. Otherwise, the implicit rate was used when readily determinable. The lease terms may include options to extend or terminate the lease when it is reasonably certain that the Company will exercise that option. Lease expense for lease payments is recognized on a straight-line basis over the lease term. Under the available practical expedient, the Company accounts for the lease and non-lease components as a single lease component for all classes of underlying assets as both a lessee and lessor. Further, management elected a short-term lease exception policy on all classes of underlying assets, permitting the Company to not apply the recognition requirements of this standard to short-term leases (i.e. leases with terms of 12 months or less). Internal Use Software Development Software development costs incurred internally to develop software programs to be used solely to meet our internal needs and applications are capitalized once the preliminary project stage is complete and it is probable that the project will be completed and the software will be used to perform the intended function. Additionally, we capitalize qualifying costs incurred for upgrades and enhancements to existing software that result in additional functionality. Costs related to preliminary project planning activities, post-implementation activities, maintenance and minor modifications are expensed as incurred. Internal-use software development costs are amortized on a straight line basis over the estimated useful life of the software. Goodwill and Other Intangible Assets Goodwill represents the excess of the cost of assets acquired over the fair value of the net assets at the date of acquisition. Intangible assets represent the fair value of separately recognizable intangible assets acquired in connection with the Company’s business combinations. The Company evaluates its goodwill and other intangibles for impairment on an annual basis or whenever events or circumstances indicate that an impairment may have occurred in accordance with the provisions of ASC 350, “ Goodwill and Other Intangible Assets Revenue Recognition Under the new standard, Accounting Standards Update (“ASU”) 2014-09, “ Revenue from Contracts with Customers (Topic 606) Lottery game revenue Items that fall under this revenue classification include: Lottery game sales The Company’s performance obligations of delivering lottery games are satisfied at the time in which the digital representation of the lottery game is delivered to the user of the B2C Platform or the commercial partner of the B2B API, therefore, are recognized at a point in time. The Company receives consideration for lottery game sales at the time of delivery to the customer, which may be the user or commercial partner, as applicable. There is no variable consideration related to lottery game sales. As each individual lottery game delivered represents a distinct performance obligation and consideration for each game sale is fixed, representing the standalone selling price, there is no allocation of consideration necessary. In accordance with Accounting Standards Codification (“ASC”) 606, the Company evaluates the presentation of revenue on a gross versus net basis dependent on if the Company is a principal or agent. In making this evaluation, some of the factors that are considered include whether the Company has control over the specified good or services before they are transferred to the customer. The Company also assesses if it is primarily responsible for fulfilling the promise to provide the goods or services, has inventory risk, and has discretion in establishing the price. For all of the Company’s transactions, management concluded that gross presentation is appropriate, as the Company is primarily responsible for providing the performance obligation directly to the customers and assumes fulfillment risk of all lottery game sales as it retains physical possession of lottery game sales tickets from time of sale until the point of redemption. The Company also retains inventory risk an all lottery game sales tickets as they would be responsible for any potential winnings related to lost or unredeemable tickets at the time of redemption. Finally, while states have the authority to establish lottery game sales prices, the Company can add service fees to ticket prices evidencing its ability to establish the ultimate price of the lottery tickets being sold. Other associated revenue The Company’s performance obligations in agreements with certain customers are to provide a license of intellectual property related to the use of the Company’s tradename for marketing purposes by partners of the Company. Customers pay a license fee up front. The transaction price is deemed to be the license issue fee stated in the contract. The license offered by the Company represents a symbolic license which provides the customer with the right to use the Company’s intellectual property on an ongoing basis with continued support throughout the term of the contract in the form of ongoing maintenance of the underlying intellectual property. There is no variable consideration related to these performance obligations. Arrangements with multiple performance obligations The Company’s contracts with customers may include multiple performance obligations. For such arrangements, management allocates revenue to each performance obligation based on its relative standalone selling price. Management generally determines standalone selling prices based on the prices charged to customers. Deferred Revenue The Company records deferred revenue when cash payments are received or due in advance of any performance, including amounts which are refundable. Payment terms vary by the type and location of the customer and the products or services offered. The term between invoicing and when payment is due is not significant. For certain products or services and customer types, management requires payment before the products or services are delivered to the customer. Contract Assets Given the nature of the Company’s services and contracts, it has no contract assets. Taxes Taxes assessed by a governmental authority that are both imposed on and concurrent with specific revenue-producing transactions, that are collected by us from a customer, are excluded from revenue. Cost of Revenue Cost of revenue consists primarily of variable costs, comprising (i) the cost of procurement of lottery games, minus winnings to users, additional expenses related to the sale of lottery games, including, commissions, affiliate fees and revenue shares; and (ii) payment processing fees on user fees, including, chargebacks imposed on the Company. Other non-variable costs included in cost of revenue include affiliate marketing credits acquired on a per-contract basis. Stock-based Compensation Effective October 1, 2019, the Company adopted ASU 2018-07, Compensation – “Stock Compensation (Topic 718): Improvements to Nonemployee Share-based Payment Accounting” Stock Compensation Advertising Costs Advertising costs are charged to operations when incurred. Advertising costs for the years ended December 31, 2021 and 2020 were approximately $ 1,888,000 66,000 Income Taxes For both financial accounting and tax reporting purposes, the Company reports income and expenses based on the accrual method of accounting. For federal and state income tax purposes, the Company reports income or loss from their investments in limited liability companies on the consolidated income tax returns. As such, all taxable income and available tax credits are passed from the limited liability companies to the individual members. It is the responsibility of the individual members to report the taxable income and tax credits, and to pay any resulting income taxes. Therefore, in relation to the income and losses incurred by the limited liability companies, they have been consolidated in the Company’s tax return and provision based upon its relative ownership. Income taxes are accounted for in accordance with ASC 740, “ Income Taxes The Company records uncertain tax positions in accordance with ASC 740 on the basis of a two-step process in which (i) the Company determines whether it is more likely than not that the tax positions will be sustained on the basis of the technical merits of the position; and (ii) for those tax positions that meet the more likely than not recognition threshold, the Company recognizes the largest amount of tax benefit that is more than 50 percent likely to be realized upon ultimate settlement with the related tax authority. Generally, the taxing authorities can audit the previous three years Fair Value of Financial Instruments The Company determines the fair value of its financial instruments in accordance with the provisions of ASC 820, Fair Value Measurements and Disclosures , ● Level 1 — Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities ● Level 2 — Quoted prices in markets that are not active, or inputs that are observable, either directly or indirectly, for substantially the full term of the asset or liability ● Level 3 — Valuation is generated from model-based techniques that use significant assumptions not observable in the market. These unobservable assumptions reflect our own estimates of assumptions that market participants would use in pricing the asset or liability. Determination of fair value and the resulting hierarchy requires the use of observable market data whenever available. The classification of an asset or liability in the hierarchy is based upon the lowest level of input that is significant to the measurement of fair value. Fair value of stock options and warrants Management uses the Black-Scholes option-pricing model to calculate the fair value of stock options and warrants. Use of this method requires management to make assumptions and estimates about the expected life of options and warrants, anticipated forfeitures, the risk-free rate, and the volatility of the Company’s share price. In making these assumptions and estimates, management relies on historical market data. Recent Accounting Pronouncements In January 2017, the FASB issued ASU No. 2017-04, Intangibles - Goodwill and other (Topic 350) In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments – Credit Losses (Topic 326) Measurement of Credit Losses on Financial Instruments In December 2019, the FASB issued ASU No 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes ( ) In October 2020, the FASB issued ASU No. 2020-09, Debt (Topic 470) (“ASU 2020-09”). ASU 2020-09 a

Restatement of Financial Statem

Restatement of Financial Statements	12 Months Ended
	Dec. 31, 2021
Accounting Changes and Error Corrections [Abstract]
Restatement of Financial Statements	3. Restatement of Financial Statements Management of the Company re-evaluated its accounting for year ending December 31, 2021, the Company determined to restate its previously issued financial statements as of December 31, 2021 and the year then ended to correct accounting errors related to cash on hand, accounts receivable, prepaid expenses, deferred revenue, accrued expenses, revenue, costs of revenue, reserve losses of prepaid advertising credits and stock-based compensation which caused the following misstatements: The following tables summarize the effect of the restatements on the specific items presented in our previously reported financial statements: Schedule of Restatements of Financial Statements LOTTERY.COM INC BALANCE SHEET December 31, December 31, 2021 Adjustments 2021 (As Filed) (As Restated) ASSETS Current assets: Cash $ 62,638,970 (30,000,000 ) (1) $ 32,638,970 Accounts receivable 21,696,653 (21,617,472 ) (1) (2) 79,181 Prepaid expenses $ 13,896,638 9,000,000 (1) (2) $ 22,896,638 Other current assets 226,200 - 226,200 Total current assets 98,458,461 - 55,840,989 Long-term assets 48,693,017 - 48,693,017 Total assets $ 147,151,478 - $ 104,534,006 LIABILITIES AND STOCKHOLDERS’ EQUITY Current liabilities: Trade payables $ 1,006,535 - $ 1,006,535 Deferred revenue 662,335 500,000 (1) 1,162,335 Notes payable - current 3,771,340 - 3,771,340 Accrued interest 176,260 - 176,260 Accrued and other expenses 4,528,815 (112,647 ) (3) 4,416,168 Total current liabilities 10,145,285 - 10,532,638 Long-term liabilities: Other long term liabilities 1,169 - 1,169 Total long-term liabilities 1,169 - 1,169 Total liabilities 10,146,454 - 10,533,807 Commitments and contingencies - Equity Controlling Interest - - Preferred Stock, par value $ 0.001 1,000,000 none - - - Common stock, par value $ 0.001 500,000,000 50,256,317 22,658,006 46,808 3,448 (7) 50,256 Additional paid-in capital 240,411,298 (1,049,206 ) (4) 239,358,644 Accumulated other comprehensive loss (655 ) - (655 ) Accumulated deficit (106,232,518 ) (41,955,620 ) (6) (148,188,138 ) Total Lottery.com Inc. stockholders’ equity 134,224,933 - 91,220,107 Noncontrolling interest 2,780,091 - 2,780,092 Total Equity 137,005,024 - 94,000,199 Total liabilities and stockholders’ equity $ 147,151,478 - $ 104,534,006 LOTTERY.COM INC CONSOLIDATED STATEMENT OF OPERATIONS 2021 Adjustments 2021 Years Ended December 31, 2021 Adjustments 2021 (As Filed) (As Restated) Revenue $ 68,527,394 (52,117,472 ) (1) (2) $ 16,409,922 Cost of revenue 19,158,707 (11,000,000 ) (1) (2) 8,158,707 Gross profit 49,368,687 - 8,251,215 Operating expenses: 39,178,433 (1,049,206 ) (3) 38,129,227 Loss from operations 10,190,254 - $ (29,878,012 ) Other expenses Interest expense 19,789,451 - 19,789,451 Reserve loss of prepaid advertising credits - 2,000,000 (1) (2) 2,000,000 Other expense 2,907,518 - 2,907,518 Total other expenses, net 22,696,969 - 24,696,969 Net loss before income tax $ (12,506,715 ) - $ (54,574,981 ) Income tax expense (benefit) (1,551,689 ) (112,646 ) (5) (1,664,335 ) Net loss (10,955,026 ) (52,910,646 ) Other comprehensive loss Foreign currency translation adjustment, net (655 ) (655 ) Comprehensive loss (10,955,681 ) - (52,911,301 ) Net income attributable to noncontrolling interest 136,924 - 136,924 Net loss attributable to Lottery.com Inc. (11,092,605 ) (41,955,620 ) (6) (53,048,225 ) Net loss per common share Basic and diluted $ (0.43 ) - $ (2.04 ) Weighted average common shares outstanding Basic and diluted 25,998,831 - 25,998,831 LOTTERY.COM INC CONSOLIDATED STATEMENT OF CASH FLOWS 2021 Adjustments 2021 Years Ended December 31, 2021 Adjustments 2021 (As Filed) (As Restated) Cash flow from operating activities Net loss attributable to Lottery.com Inc. (11,091,950 ) $ (41,955,620 ) (6) (53,047,570 ) Adjustments to reconcile net loss to net cash used in operating activities: 37,937,855 $ (1,049,206 ) (7) 36,888,649 Changes in assets & liabilities: Accounts receivable (21,636,324 ) 21,617,472 (1) (2) (18,852 ) Prepaid expenses 8,121,496 (9,000,000 ) (1) (2) (878,504 ) Other current assets 727,182 (100,000 ) (9) 627,182 Trade payables (1,171,557 ) (386,013 ) (9) (1,557,570 ) Deferred revenue (7,101,258 ) 365,293 (1) (2) (6,735,965 ) Accrued interest (545,457 ) (545,457 ) Accrued and other expenses 2,860,728 (779,910 ) (9) 2,080,818 Other long term liabilities 1,169 1,169 Net cash provided by operating activities 8,101,884 - (23,186,100 ) Cash flow from investing activities Purchases of property and equipment (28,170 ) 696 (9) (27,474 ) Purchases of intangible assets (5,192,050 ) 4,674,156 (9) (517,894 ) Investment in subsidiary, net (10,012,540 ) (3,386,868 ) (9) (13,399,408 ) Net cash used in investing activities (15,232,760 ) (13,944,776 ) Cash flow from financing activities Issuance of digital securities 108,332 108,332 Proceeds from exercise of options and warrants 371,726 371,726 Proceeds from issuance of convertible debt 23,483,500 23,483,500 Payment of debt issuance costs (1,115,031 ) (1,115,031 ) Proceeds from issuance of notes payable 5,000,000 5,000,000 Proceeds from reverse recapitalization 42,794,176 42,794,176 Principal payments on debt (11,647,713 ) (11,647,713 ) Net cash provided by financing activities 58,994,990 - 58,994,990 Effect of exchange rate changes on cash (655 ) (655 ) Net change in net cash and restricted cash 51,863,459 (30,000,000 ) (1) 21,863,459 Cash and restricted cash at beginning of period 10,775,511 - 10,775,511 Cash and restricted cash at end of period 62,638,970 - 32,638,970 The specific explanations for the items noted above in the restated financial statements are as follows: (1) On January 4, 2022, AutoLotto entered into a Business Loan Agreement (the “Business Loan”) with The Provident Bank (“Provident”), pursuant to which the Company borrowed $ 30,000,000 30,000,000 30,000,000 30,000,000 30,000,000 (2) After reexamination of various transactions that occurred in 2021 and which were later rescinded or canceled in 2022, the Company has restated revenue on its financial statements for the year ended December 31, 2021, to reflect a change in the recognition of income in accordance with Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) 606 a. On September 20, 2021, the Company entered into a purchase agreement with a major customer for the sale of various service credits with a total purchase price of $30 million dollars. Upon execution of the purchase agreement, the Company recognized the income and the customer was required make payment within 90 days. The customer provided payment prior to December 31, 2021, in the form of a check accepted by the Company for deposit and included in undeposited funds. During 2022, the Company discovered that the original service credits were non-transferrable and that the Company had pledged its own cash accounts to secure a line of credit in the amount of $30,000,000 utilized by the customer to provide the Company with payment towards the purchase of the service credits. Since the Company was prohibited from transferring the advertising portion of the service credits and could not complete the sale of such credits, the Company cancelled the transaction and could not recognize the income, nor recognize a cash payment in the Company’s financial statements. In addition, the Company had recorded cost of sales and a corresponding pre-paid expense related to this transaction in the amount of $10,000,000. As a result, in the restated December 31, 2021 financial statements, the Company decreased both cash and revenue by $30,000,000, for the year ended December 31, 2021; and reversed the cost of sales resulting in a decrease to cost of sales and an increase to pre-paid expense by $10,000,000 each for the year ended December 31, 2021. b. In addition, the Company had invoiced the customer a further $ 17,117,472 18,539,472 17,117,472 18,539,472 c. The total adjustment to accounts receivable was an increase of $ 21,617,472 d. The total adjustment to pre-paid expenses was a decrease of $ 9,000,000 e. The total adjustment to accrued expense and other expenses was an increase of $ 112,647 f. The total adjustment to revenue was a decrease of $ 52,117,472 g. The total adjustment to cost of revenue was an increase of $ 11,000,000 (3) During the Company’s reassessment of all accounts as of December 31, 2021, the Company determined that approximately $ 2,000,000 2,000,000 2,000,000 (4) After the termination of several officers and employees subsequent to December 31, 2022 and the cancelation of various options and/or warrants held by these individuals, the Company, the Company decreased stock-compensation expense in the amount of $ 1,049,206 (5) In an unrelated transaction, the Company entered into an agreement with another customer totaling $ 5,000,000 5,000,000 500,000 500,000 500,000 4,500,000 500,000 5,000,000 (6) As a result of all the foregoing adjustments, the Company reevaluated the classifications of accounts on the statements of cash flows accordingly. (7) On October 28, 2021, the Company granted 3,832,431 3,448,066

Business Combination

Business Combination	12 Months Ended
	Dec. 31, 2021
Business Combination and Asset Acquisition [Abstract]
Business Combination	4. Business Combination TDAC Combination On October 29, 2021, the Company and AutoLotto consummated the transactions contemplated by the Merger Agreement. At the Closing, each share of common stock and preferred stock of AutoLotto that was issued and outstanding immediately prior to the effective time of the Merger (other than excluded shares as contemplated by the Merger Agreement) was cancelled and converted into the right to receive approximately 3.0058 The Merger closing was a triggering event for the Series B convertible notes, of which $ 63.8 3,248,526 9,764,511 At the Closing, each option to purchase AutoLotto’s common stock, whether vested or unvested, was assumed and converted into an option to purchase a number of shares of Lottery.com common stock in the manner set forth in the Merger Agreement. The Company accounted for the Business Combination as a reverse recapitalization whereby AutoLotto was determined as the accounting acquirer and TDAC as the accounting acquiree. Refer to Note 2, Summary of Significant Accounting Policies The accompanying consolidated financial statements and related notes reflect the historical results of AutoLotto prior to the merger and do not include the historical results of TDAC prior to the consummation of Business combination. Upon the closing of the transaction, AutoLotto received total gross proceeds of approximately $ 42,794,000 9,460,000 11,068,000 5,475,000 5,593,000 Pursuant to the terms of the Business Combination Agreement, the holders of issued and outstanding shares of AutoLotto immediately prior to the Closing (the “Sellers”) were entitled to receive up to 6,000,000 4,000,000 3,000,000 2,000,000 Global Gaming Acquisition On June 30, 2021, the Company completed its acquisition of 100 80 22.0848 The net purchase price was allocated to the assets and liabilities acquired as per the table below. Goodwill represents the future economic benefits arising from other assets acquired that could not be individually identified and separately recognized. The fair values of the acquired intangible assets were determined using Level 3 inputs which were not observable in the market. The total purchase price of $ 10,989,691 10,530,000 687,439 0.67 10,055,214 80 13,215,843 20 Schedule of Tangible and Intangible Assets Acquisition Cash $ 517,460 Accounts receivable, net 34,134 Prepaids 5,024 Property and equipment, net 2,440 Other assets, net 65,349 Intangible assets 8,590,000 Goodwill 4,940,643 Total assets $ 14,155,051 Accounts payable and other liabilities $ (387,484 ) Customer deposits (134,707 ) Related party loan (417,017 ) Total liabilities $ (939,208 ) Total net assets of Acquirees $ 13,215,843 Goodwill recognized in connection with the - is primarily attributed to an anticipated growing lottery market in Mexico that are expected to be achieved from the integration of these Mexican entities. None of the goodwill is expected to be deductible for income tax purposes. Following are details of the purchase price allocated to the intangible assets acquired. Schedule of Intangible Assets Acquired Category Fair Value Customer relationships $ 410,000 Gaming licensees 4,020,000 Trade names and trademarks 2,540,000 Technology 1,620,000 Total Intangibles $ 8,590,000 The following pro forma condensed consolidated results of operations for the year ended December 31, 2021 have been prepared as if the acquisition of Global Gaming had occurred on January 1, 2021 and includes adjustments for amortization of intangibles and the addition to basic and diluted weighted average number of shares outstanding. Schedule of Business Combination Pro Forma Information For the year ended December 31, 2021 Lottery.com (As presented above) Global Gaming Acquisition (Historical) (unaudited) Pro forma Lottery.com Total revenues $ 16,409,922 1,962,370 $ 18,372,292 Net income (loss) (50,790,472 ) (86,162 ) (50,876,634 ) Net income (loss) attributable to shareholders $ (50,927,396 ) (86,162 ) $ (51,013,558 ) Net income (loss) per common share Basic and diluted $ (1.96 ) $ (1.96 ) Weighted average common shares outstanding Basic and diluted 25,998,831 25,998,831 Subsequently, the Company adjusted Goodwill for the recording of related deferred tax liabilities as the Company released $ 1.6

Property and Equipment, net

Property and Equipment, net	12 Months Ended
	Dec. 31, 2021
Property, Plant and Equipment [Abstract]
Property and Equipment, net	5. Property and Equipment, net Property and equipment, net as of December 31, 2021 and 2020, consisted of the following: Schedule of Property and equipment net December 31, December 31, 2021 2020 Computers and equipment $ 113,151 $ 85,004 Furniture and fixtures 23,760 14,301 Software 1,903,121 1,903,121 Property and equipment 2,040,032 2,002,426 Accumulated depreciation (1,898,753 ) (1,331,474 ) Property and equipment, net $ 141,279 $ 670,952 Depreciation expense for the years ended December 31, 2021 and 2020 amounted to $ 560,246 641,661

Intangible assets, net

Intangible assets, net	12 Months Ended
	Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible assets, net	6. Intangible assets, net TinBu Acquisition The following intangible assets, net relate to the acquisition of TinBu LLC (“TinBu”): Customer Relationships Customer relationships represent the valuation of acquired customer accounts. The cost is amortized on the straight-line method over its estimated useful life of six years Schedule of Intangible Assets Related to Acquisition December 31, December 31, 2021 2020 Cost basis $ 940,000 $ 940,000 Less: accumulated amortization (522,222 ) (365,556 ) Total Intangibles $ 417,778 $ 574,444 Amortization expense for the years ended December 31, 2021 and 2020 was $ 156,667 156,667 104,444 Trade Name Trade name consists of the valuation of the Company’s trademarks and brand identity. The trade name is being amortized on the straight-line method over its respective term of six years Schedule of Intangible Assets Related to Acquisition December 31, December 31, 2021 2020 Cost basis $ 10,000 $ 10,000 Less: accumulated amortization (5,556 ) (3,889 ) Total Intangibles $ 4,444 $ 6,111 Amortization expense for the years ended December 31, 2021 and 2020 was $ 1,667 1,667 1,111 Technology Technology represents the valuation of acquired technology. The cost is amortized on the straight-line method over its estimated useful life of six years Schedule of Intangible Assets Related to Acquisition December 31, December 31, 2021 2020 Cost basis $ 1,430,000 $ 1,430,000 Less: accumulated amortization (794,444 ) (556,111 ) Total Intangibles $ 635,556 $ 873,889 Amortization expense for the years ended December 31, 2021 and 2020 was $ 238,333 238,333 158,889 Software Agreements The Company entered into a software agreement with a third party. As part of the agreement, the Company paid $ 2,000,000 six years Schedule of Intangible Assets Related to Acquisition December 31, December 31, 2021 2020 Cost basis $ 2,000,000 $ 2,000,000 Less: accumulated amortization (1,277,777 ) (944,444 ) Total Intangibles $ 722,223 $ 1,055,556 Amortization expense for the years ended December 31, 2021 and 2020 was $ 333,333 333,333 55,556 Playsino, Inc. On March 9, 2018, the Company and Playsino Inc. executed a Merger Agreement (the “Playsino Agreement”), which included a provision that, in the event of the Playsino Agreement’s termination, the Company would receive a non-exclusive license to certain programs, databases and operating systems owned by Playsino, Inc. without further action required by either the Company or Playsino, Inc. On February 15, 2021, the Company terminated the majority of the Playsino Agreement, to pursue a business combination with Trident. The surviving provision was the non-exclusive license for which the Company issued Playsino, Inc. a Series B notes in the principal amount to $ 12.45 five years Schedule of Intangible Assets Related to Acquisition December 31, 2021 Cost basis $ 12,450,000 Less: accumulated amortization (1,867,500 ) Total Intangibles $ 10,582,500 Amortization expense for the year ended December 31, 2021 was $ 1,867,500 2,075,000 207,500 Sports.com Domain Acquisition In February 2021, the Company purchased the domain name sports.com. The total purchase price for the unlimited use of the domain name was $ 6,000,000 3,000,000 3,000,000 fifteen years Schedule of Intangible Assets Related to Acquisition December 31, 2021 Cost basis $ 6,000,000 Less: accumulated amortization (333,333 ) Total Intangibles $ 5,666,667 Amortization expense for the year ended December 31, 2021 was $ 333,333 400,000 66,667 Lottery.com Domain Acquisition In March 2017, the Company purchased the domain name lottery.com. The total purchase price was $ 935,000 fifteen years Schedule of Intangible Assets Related to Acquisition December 31, December 31, 2021 2020 Cost basis $ 935,000 $ 935,000 Less: accumulated amortization (296,083 ) (233,750 ) Total Intangibles $ 638,917 $ 701,250 Amortization expense for the years ended December 31, 2021 and 2020 was $ 62,333 62,333 15,588 Aganar and JuegaLotto Acquisition The following intangible assets, net relate to the acquisition of Aganar and JuegaLotto: Customer Relationships Customer relationships represent the valuation of acquired customer accounts. The asset will be amortized on the straight-line method over its estimated useful life of six years Schedule of Intangible Assets Related to Acquisition December 31, 2021 Cost basis $ 410,000 Less: accumulated amortization (34,167 ) Total Intangibles $ 375,833 Amortization expense for the year ended December 31, 2021 was $ 34,167 68,333 34,167 Trade Name Trade name consists of the valuation of the Company’s trademarks and brand identity. The trade name is being amortized on the straight-line method over its respective term of six years Schedule of Intangible Assets Related to Acquisition December 31, 2021 Cost basis $ 2,540,000 Less: accumulated amortization (211,667 ) Total Intangibles $ 2,328,333 Amortization expense for the year ended December 31, 2021 was $ 211,667 423,333 211,667 Technology Technology represents the valuation of acquired technology. The asset will be amortized on the straight-line method over its estimated useful life of six years Schedule of Intangible Assets Related to Acquisition December 31, 2021 Cost basis $ 1,620,000 Less: accumulated amortization (135,000 ) Total Intangibles $ 1,485,000 Amortization expense for the year ended December 31, 2021 was $ 135,000 270,000 135,000 Gaming Licenses Gaming licenses represent the valuation of licenses allowing the entities to operate in certain jurisdictions. The asset will be amortized on the straight-line method over its estimated useful life of six years Schedule of Intangible Assets Related to Acquisition December 31, 2021 Cost basis $ 4,020,000 Less: accumulated amortization (335,000 ) Total Intangibles $ 3,685,000 Amortization expense for the year ended December 31, 2021 was $ 670,000 670,000 335,000 Internal Use Software Development The Company has reviewed the software development expenses associated with a variety of software development efforts during the year 2021 and determined that a significant amount of the expense associated with internally developed software should be capitalized under ASC 350-40. The Company’s identified capitalized software intangible assets are amortized on a straight-line basis over their estimated useful lives, ranging from 2 10 Schedule of Intangible Assets Related to Acquisition December 31, 2021 Cost basis $ 111,951 Less: accumulated amortization (23,323 ) Total Intangibles $ 88,628 Amortization expense for the year ended December 31, 2021 was $ 23,323 55,976 32,652 Software development costs of $ 2,080,099

Notes Payable and Convertible D

Notes Payable and Convertible Debt	12 Months Ended
	Dec. 31, 2021
Debt Disclosure [Abstract]
Notes Payable and Convertible Debt	7. Notes Payable and Convertible Debt Secured Convertible Note In connection with the Lottery.com domain purchase, the Company issued a secured convertible promissory note (“Secured Convertible Note”) with a fair value of $ 935,000 1,398,221 Series A Notes From August to October 2017, the Company entered into seven Convertible Promissory Note Agreements with unaffiliated investors for an aggregate amount of $ 821,500 10 December 31, 2021 0 821,500 771,500 138,822 Series B Notes From November 2018 to December 2020, the Company entered into multiple Convertible Promissory Note agreements with unaffiliated investors for an aggregate amount of $8,802,828 8 December 21, 2021 During the year ended December 31, 2021, the Company entered into multiple Convertible Promissory Note agreements with unaffiliated investors for an aggregate amount of $ 38,893,733 8 0 10,000,000 6% During the year ended December 31, 2021, the Company entered into amendments with six of the Series B promissory noteholders to increase the principal value of the notes. The additional principal associated with the amendments totaled $ 3,552,114 71,812 As of October 29, 2021, all except $ 185,095 9,764,511 185,095 35,184 As of December 31, 2021 and 2020, the outstanding balances of the Series A and B notes was as follows; Schedule of the outstanding balances of the Series A and B notes December 31, December 31, 2021 2020 Total face value of series A convertible notes payable $ - $ 821,500 Total face value of series B convertible notes payable - 8,607,802 Total face value of secured convertible promissory note - 935,000 Total face value of convertible notes payable - 10,364,302 Less: unamortized beneficial conversion feature - (1,240,716 ) Less: unamortized debt discount - (230,921 ) Total convertible notes payable, net - 8,892,665 Less: current portion of convertible notes payable - (8,882,665 ) Convertible notes payable, net of current portion $ - $ 10,000 PPP Loan On May 1, 2020, the Company entered into a Promissory Note with Cross River Bank, which provides for a loan in the aggregate amount of $493,225, pursuant to the Paycheck Protection Program, (“PPP”). The PPP, established under Division A, Title I of the Coronavirus Aid, Relief and Economic Security Act (“CARES Act”) enacted on March 27, 2020, provides for loans to qualifying businesses for amounts up to 2.5 times of the average monthly payroll expenses of the qualifying business. The loans and accrued interest are forgivable after eight weeks as long as the borrower uses the loan proceeds for eligible purposes, including payroll, benefits, rent and utilities (“Qualified Expenses”), and maintains its payroll levels. On August 24, 2021, the PPP loan and accrued interest was forgiven by the U.S. Small Business Administration (“SBA”) in full. The Company recorded the full amount related to the forgiveness of the PPP loan as a gain on extinguishment of debt during our third quarter of fiscal year 2021 Short term loans On June 29, 2020, the Company entered into a Promissory Note with the U.S. Small Business Administration (“SBA”) for $ 150,000 . The loan has a thirty -year term and bears interest at a rate of 3.75 % per annum. Monthly principal and interest payments are deferred for twelve months after the date of disbursement. The loan may be prepaid at any time prior to maturity with no prepayment penalties. The Promissory Note contains events of default and other provisions customary for a loan of this type. As of December 31, 2021 and 2020, the balance of the loan was $ 150,000 respectively. As of December 31, 2021, the accrued interest on this note was $ 2,255 . In August 2020, the Company entered into three separate note payable agreements with three individuals for an aggregate amount of $ 37,199 13,000 17,700 Notes payable On August 28, 2018, in connection with the purchase of the entire membership interest of TinBu, the Company entered into several notes payable for $ 12,674,635 0% January 25, 2022 The notes payable were modified during 2021 to extend the maturity to June 30, 2022 and modified the interest rate to include simple interest of 4.1% per annum effective October 1, 2021. As of December 30, 2021 and December 31, 2020, the balance of the notes was $ 2,628,234 11,067,643

Stockholders_ Equity

Stockholders’ Equity	12 Months Ended
	Dec. 31, 2021
Equity
Stockholders’ Equity	8 Stockholders’ Equity Preferred and Common Stock Preferred Stock Pursuant to the Company’s charter, the Company is authorized to issue 1,000,000 0.001 no Common Stock Our Charter authorizes the issuance of an aggregate of 500,000,000 0.001 Holders of our Common Stock are entitled to one vote for each share held of record on all matters submitted to a vote of stockholders. As of December 31, 2021 and December 31, 2020, 50,256,317 22,658,006 Schedule of Common Stock Issuance of Common Stock in Reverse Merger (Note 4) 11,384,655 Issuance of Common Stock in Global Gaming Acquisition (Note 4) 687,439 Exercise of options (Note 9) 737,732 Exercise of warrants (See below) 177,684 Conversion of convertible debt (Note 7) 11,162,735 Total 24,150,245 Public Warrants The Public Warrants became exercisable 30 days after the Closing as the Company has an effective registration statement under the Securities Act covering the shares of common stock issuable upon exercise of the Public Warrants and a current prospectus relating to them is available (or the Company permits holders to exercise their Public Warrants on a cashless basis and such cashless exercise is exempt from registration under the Securities Act). The S-1 registration became effective November 24, 2021. The Public Warrants will expire five years The Company may redeem the Public Warrants: ● in whole and not in part; ● at a price of $ 0.01 ● upon a minimum of 30 days ● if, and only if, the last sale price of the Company’s common stock equals or exceeds $ 16.00 20 30 ● if, and only if, there is a current registration statement in effect with respect to the shares of common stock underlying such warrants at the time of redemption and for the entire 30 If the Company calls the Public Warrants for redemption, management will have the option to require all holders that wish to exercise the Public Warrants to do so on a “cashless basis,” as described in the warrant agreement. These warrants cannot be net cash settled by the Company in any event. As of December 31, 2021, there were 20,125,000 20,125,002 20,125,000 395,675 Private Warrants Private warrants of TDAC issued before the business combination were forfeited and did not transfer to the surviving entity. Unit Purchase Option On June 1, 2018, the Company sold to the underwriter (and its designees), for $ 100 1,750,000 12.00 21,000,000 1,750,000 1,750,000 1,750,000 1,750,000 May 29, 2023 100 1,750,000 Common Stock Warrants The Company did not issue any warrants during the years ended December 31, 2021 and 2020. All 395,675 4.0 Schedule of Common Stock Warrant Number of Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Life (years) Aggregate Intrinsic Value Outstanding at December 31, 2019 573,359 $ 0.28 5.8 $ 272,638 Granted - - - Exercised - - - Forfeited/cancelled - - - Outstanding at December 31, 2020 573,359 0.28 4.8 272,638 Granted - - - Exercised (177,684 ) 0.66 - Forfeited/cancelled - - - Outstanding at December 31, 2021 395,675 $ 0.11 4.0 $ 2,478,501 Exercisable at December 31, 2021 395,675 $ 0.11 4.0 $ 2,478,501 Beneficial Conversion Feature – Convertible Debt As detailed in Note 7 – Notes Payable and Convertible Debt, the Company has issued two series of convertible debt. Both issuances resulted in the recognition of the beneficial conversion features contained within both of the instruments. The Company recognized the proceeds allocable to the beneficial conversion feature of $ 8,480,697 2,795,000 Earnout Shares As detailed in Note 4 – as part of the TDAC Combination as of December 31, 2021 a total of 5,000,000

Stock-based Compensation Expens

Stock-based Compensation Expense	12 Months Ended
	Dec. 31, 2021
Share-Based Payment Arrangement [Abstract]
Stock-based Compensation Expense	9. Stock-based Compensation Expense 2015 Stock Option Plan Prior to the closing of the Business Combination, AutoLotto had the AutoLotto, Inc. 2015 Stock Option/Stock Issuance Plan (the “2015 Plan”) in place. Under the 2015 Plan, incentive stock options may be granted at a price not less than fair market value of the common stock (110% of fair value to holders of 10% or more of voting stock). If the Common Stock is at the time of grant listed on any Stock Exchange, then the Fair Market Value shall be the closing selling price per share of Common Stock on the date in question on the Stock Exchange, as such price is officially quoted in the composite tape of transactions on such exchange and published in The Wall Street Journal. If there is no closing selling price for the Common Stock on the date in question, then the Fair Market Value shall be the closing selling price on the last preceding date for which such quotation exists. If the Common Stock is at the time neither listed on any Stock Exchange, then the Fair Market Value shall be determined by the Board of Directors or the Committee acting in its capacity as administrator of the Plan after taking into account such factors as the Plan Administrator shall deem appropriate. The maximum number of shares of Common Stock which may be issued over the term of the Plan shall not exceed Four Hundred Fifty Thousand (450,000). Options are exercisable over periods not to exceed 10 years (five years for incentive stock options granted to holders of 10% or more of voting stock) from the date of grant 20% 1 2021 Equity Incentive Plan In connection with the Business Combination, our board of directors adopted, and our stockholders approved, the Lottery.com 2021 Incentive Award Plan (the “2021 Plan”) under which 13,130,368 5% Stock Options The Company did not issue any new stock options during the years ended December 31, 2021 and 2020. The following table shows stock option activity for the years ended December 31, 2021 and 2020: Schedule of Stock Option Activity Shares Available for Grant Outstanding Stock Awards Weighted Average Exercise Price per Share Weighted Average Remaining Contractual Life (years) Aggregate Intrinsic Value Balance, December 31, 2019 18,618 1,334,005 $ 0.31 6.5 $ 362,841 Forfeited/cancelled 18,786 (18,786 ) (0.67 ) Balance, December 31, 2020 37,405 1,315,218 0.30 5.5 $ 362,841 Exercised - (737,732 ) (0.28 ) Forfeited/Cancelled 231,825 (231,825 ) (0.65 ) Balance, December 31, 2021 269,229 345,661 $ 0.97 4.4 $ 2,061,303 Exercisable, December 31, 2021 - 345,661 $ 0.97 4.4 $ 2,061,303 Stock-based compensation expense related to the employee options was $ 10,077 9,417 Stock-based compensation expense related to the non-employee options was $ 0 6,682 0 Restricted awards The Company awarded restricted stock to employees on October 28, 2021, which were granted with various vesting terms including immediate vesting, service-based vesting, and performance-based vesting. In accordance with ASC 718, the Company has classified the restricted stock as equity. For employee issuances, the measurement date is the date of grant, and the Company recognizes compensation expense for the grant of the restricted shares, over the service period for the restricted shares that vest over a period of multiple years and for performance-based vesting awards, the Company recognizes the expense when management believes it is probable the performance condition will be achieved. As of December 31, 2021, the Company had granted 3,832,431 14,483,056 41,006,168 3.75 The Company had restricted stock activity summarized as follows: Schedule of Restricted Stock Awards Activity Weighted Average Number of Grant Shares Fair Value Outstanding at December 31, 2020 - $ - Granted 3,832,431 14.75 Vested - - Forfeited/cancelled - - Restricted shares unvested at December 31, 2021 3,832,431 $ 14.75

Loss Per Share

Loss Per Share	12 Months Ended
	Dec. 31, 2021
Net loss per common share
Loss Per Share	10. Loss Per Share The following table sets forth the computation of basic and diluted net loss per share : Schedule of Basic and Diluted Net Income Loss Per Share 2021 2020 Years Ended December 31, 2021 2020 Comprehensive net loss attributable to stockholders $ (53,048,225 ) $ (5,812,663 ) Weighted average common shares outstanding Basic and diluted 25,998,831 22,658,006 Net loss per common share Basic and diluted $ (2.04 ) $ (0.26 ) As of December 31, 2021, the Company excluded 345,661 2,012,774 3,832,431 3,869,305 1,726,027 604,110 As of December 31, 2020, the Company excluded 1,315,218 537,359

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Income Taxes	11. Income Taxes The Company’s pre-tax income (loss) by jurisdiction was as follows for the years ending December 31, 2021 and December 31, 2020; Schedule of Pre-tax Income (Loss) by Jurisdiction Year ended Year ended December 31, 2021 December 31, 2020 Domestic $ (55,259,603 ) $ (5,811,863 ) Foreign $ 684,622 - Total $ (54,574,981 ) $ (5,811,863 ) The provision for income taxes for continuing operations for the year ended December 31, 2021 and 2020 consist of the following: Schedule of Income Tax for Continuing Operations Year ended December 31, 2021 Year ended December 31, 2020 Current income taxes Federal (16,846 ) - State 5,578 800 Foreign - - Total current income taxes (11,268 ) 800 33Deferred income taxes Federal (1,757,535 ) - State - - Foreign 104,467 - Total deferred income taxes (1,653,067 ) 800 Valuation allowance - Total income tax expense (benefit) (1,664,335 ) 800 A reconciliation between the amount of reported income tax expense (benefit) and the amount computed by multiplying income from continuing operations before income taxes by the statutory federal income tax rate is shown below. Income tax expense for the year ended December 31, 2021 includes state minimum taxes, permanent differences, and deferred tax assets for which a full valuation allowance has been placed. A corresponding tax expense is included for the year ended December 31, 2021 to reflect the increase in the valuation allowance. Schedule of Increase in the Valuation Allowance Year ended December 31, 2021 Year ended December 31, 2020 Tax Expense at statutory federal rate of 21 $ (11,460,747 ) $ (1,069,636 ) State income taxes, net of federal income tax benefit - - Foreign rate differential 127,739 - Permanent differences 2,106,611 359,450 Other – Miscellaneous - 40 Change in valuation allowance 7,562,061 710,946 Income tax expense (benefit) $ (1,664,335 ) $ 800 Deferred income taxes reflect the tax effects of temporary differences between the carrying amount of assets and liabilities for financial reporting purposes and the amount used for income tax purposes. The following table discloses those significant components of our deferred tax assets and liabilities, including any valuation allowance: Schedule of Deferred Tax Assets and Liabilities 2021 2020 Long-term deferred tax assets: Federal net operating loss carryforwards $ 20,145,126 $ 13,211,841 Foreign net operating loss carryforwards (321,331 ) - Stock compensation 3,308,116 Fixed assets - 6,648 Intangible assets - 121,333 Other 19,540 170,880 Total deferred tax assets before valuation allowance $ 23,151,451 $ 13,510,703 Deferred tax liabilities: Fixed assets $ 336,699 $ - Intangible assets 1,452,273 - Total deferred tax liabilities 1,788,972 - Valuation allowance (21,362,480 ) (13,510,703 ) Net deferred tax assets and liabilities $ - $ - Due to the Global Gaming acquisition and the recording of related deferred tax liabilities, the Company released approximately $ 1,600,000 7,852,000 At December 31, 2021, our carryforwards available to offset future taxable income consisted of federal net operating loss (“NOL”) carryforwards of approximately $ 91,739,683 , $ 27,018,316 of which expires between 2036 and 2037 and $ 64,721,367 of which has no expiration date. We account for uncertain tax positions in accordance with ASC 740-10-25, which prescribes a comprehensive model for the financial statement recognition, measurement, presentation and disclosure of uncertain tax positions taken or expected to be taken in income tax returns. We have not recorded any unrecognized tax benefits as of December 31, 2021. Our practice is to recognize interest and penalties related to income tax matters in income tax expense in our consolidated statements of operations. We did not have any interest or penalties on unrecognized tax benefits accrued at December 31, 2021. The Company files U.S. federal and state returns. The Company’s foreign subsidiary also files a local tax return in their local jurisdiction. From a U.S. federal, state and Mexican perspective the years that remain open to examination are consistent with each jurisdiction’s statute of limitations. The Company has not filed its 2021 and 2022 for U.S. federal and state corporate income tax returns. The Company’s foreign subsidiary in Mexico is current with the filing of its tax returns through 2022. The Company expects to file these documents as soon as possible. While the Company is in a net loss position and expects no income tax amounts to be due except for minimum state and local income taxes, the Company is at risk for failure to file. As of the date of this Amended Report, the Company has not been informed that such penalties have been assessed, therefore no accrual for such has been recorded in the Company’s financial statements. The Company’s federal income tax returns for the years 2017-2022 remain subject to examination by the Internal Revenue Service.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	12. Commitments and Contingencies Indemnification Agreements The Company enters into indemnification provisions under its agreements with other entities in its ordinary course of business, typically with business partners, customers, landlords, lenders and lessors. Under these provisions, the Company generally indemnifies and holds harmless the indemnified party for losses suffered or incurred by the indemnified party as a result of the Company’s activities or, in some cases, as a result of the indemnified party’s activities under the agreement. The maximum potential amount of future payments the Company could be required to make under these indemnification provisions is unlimited. The Company has not incurred material costs to defend lawsuits or settle claims related to these indemnification agreements. As a result, the Company believes the estimated fair value of these agreements is minimal. Accordingly, the Company has no liabilities recorded for these agreements as of December 31, 2021 and 2020. Digital Securities In 2018, the Company commenced a sale offering and issuance (the “LDC Offering”) of 285 7% 5,632 17,937 Leases The Company leases office space in Spicewood, Texas which expires January 21, 2022. For the year ended December 31, 2021 and 2020, the Company’s total rent expense was approximately $ 206,471 49,202 As of December 31, 2021, future minimum rent payments due under non-cancellable leases with initial maturities greater than one year are as follows: Schedule of Future Minimum Rent Payments Due Under Non Cancellable Leases Years ending December 31, Amount 2022 184,154 2023 135,222 2024 30,404 Total $ 349,780 Litigation and Other Loss Contingencies As of December 31, 2021, there were no pending proceedings that are deemed to be materially detrimental. The Company is a party to legal proceedings in the ordinary course of its business. The Company believes that the nature of these proceedings is typical for a company of its size and scope. See Note 15 for additional information.

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2021
Related Party Transactions [Abstract]
Related Party Transactions	13. Related Party Transactions The Company has entered into transactions with related parties. The Company regularly reviews these transactions; however, the Company’s results of operations may have been different if these transactions were conducted with nonrelated parties. During the year ended December 31, 2020, the Company entered into borrowing arrangements with the individual founders to provide operating cash flow for the Company. The Company paid $ 4,700 13,000 During the years ended December 31, 2021 and 2020, the Company entered into a services agreement with Master Goblin Games, LLC (“Master Goblin Games”), an entity owned by Ryan Dickinson, a former officer of the Company, to facilitate the establishment of receipt of retail lottery licenses in certain jurisdictions. As of December 31, 2021, the Company had no outstanding related party payables. Pursuant to the Service Agreement, Master Goblin is authorized and approved by the Company to incur up to $ 100,000 5,000 In January 2023, Woodford Eurasia Assets, Ltd. signed a letter of intent to acquire Master Goblin. Such letter of intent would give Woodford the right to appoint a director to the Board of Directors of the Company (see Subsequent Events). As of the date of this Amended Report, no definitive documentation for this transaction has been signed.

Revenue Disaggregation

Revenue Disaggregation	12 Months Ended
	Dec. 31, 2021
Revenue from Contract with Customer [Abstract]
Revenue Disaggregation	14. Revenue Disaggregation Revenue disaggregation consists of the following: Schedule of Revenue Disaggregation 2021 2020 Gaming 8,506,176 3,069,373 Other 7,903,746 4,390,141 Total 16,409,922 7,459,514

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2021
Subsequent Events [Abstract]
Subsequent Events	15. Subsequent Events Effective July 1, 2022, Harry Dhaliwal was named as the Company’s Interim Chief Financial Officer and principal financial officer. The Company entered into a consulting agreement with Mr. Dhaliwal on July 1, 2022 (the “Consulting Agreement”). The Consulting Agreement provided for Mr. Dhaliwal to serve as Interim Chief Financial Officer of the Company for six months, commencing on July 1, 2022 and terminating on December 31, 2022. Mr. Dhaliwal’s consulting services could be terminated earlier than December 31, 2022 (i) upon Mr. Dhaliwal’s resignation or death or (ii) by either the Company or Mr. Dhaliwal without cause or reason upon written notice to the other party 15 days prior to the termination date of the Consulting Agreement. Mr. Dhaliwal agreed to among other things, assist the Company with its financial systems, develop a financial dashboard for the Board of Directors and Senior Management and carry out a comprehensive review of the Company’s finance function. The Consulting Agreement included customer and employee non-solicitation provisions as well as confidentiality obligations. Pursuant to the Consulting Agreement, Mr. Dhaliwal was to be paid a total of $ 209,550 50,000 On July 21, 2022, Lawrence Anthony “Tony” DiMatteo III, the then Chief Executive Officer of the Company and a member of its Board of Directors, provided a notice of resignation as CEO of the Company, its wholly-owned subsidiary, AutoLotto, and all of its other subsidiaries and affiliates with the exception of LTRY WinTogether, Inc., with immediate effect. In connection with Mr. DiMatteo’s resignation, the Company entered into a resignation and release agreement with Mr. DiMatteo effective July 22, 2022 (the “Release Agreement”). Pursuant to the Release Agreement, Mr. DiMatteo resigned as CEO of the Company effective July 22, 2022. Following Mr. DiMatteo’s resignation, he agreed to serve as Senior Advisor to the Board commencing on July 22, 2022 and continuing until the either party gives not less than ten (10) days’ prior notice to the other party (the “Consulting Period”) unless certain conditions for earlier termination become applicable. Mr. DiMatteo agreed to, among other things, (i) provide consulting and advisory services to the Board of Directors of the Company as requested and (ii) cooperate in any ongoing and any future investigation by or related to the Company. Non-compete and customer and employee non-solicitation provisions as well as confidentiality obligations from prior agreements entered into between Mr. DiMatteo and the Company will apply while he consults and for a period of one year thereafter. Mr. DiMatteo may be paid $ 1,000 On July 28, 2022, the Board determined that the Company did not currently have sufficient financial resources to fund its operations or pay certain existing obligations, including its payroll and related obligations and ceased its operations. Accordingly, the Company furloughed certain employees effective July 29, 2022. As of March 31, 2023, the Company owed approximately $ 1.4 million On July 29, 2022, the Company filed its original Verified Complaint for Breach of Contract and Specific Performance (the “Streicher Complaint”) against J. Streicher Financial, LLC (“Streicher”) in the Court of Chancery of the State of Delaware (the “Chancery Court”), styled AutoLotto, Inc. dba Lottery.com v. J. Streicher Financial, LLC (Case No. 2022-0661-MTZ). In the Streicher Complaint, the Company alleged that Streicher breached the contract entered into by the parties on March 9, 2022 and demanded that Streicher return $16,500,000.00 it owed to the Company. On September 26, 2022, the Chancery Court entered an order in favor of the Company, Granting with Modifications Company’s Motion for Partial Summary Judgment in the amount of $16,500,000.00 (the “Streicher Judgment”). On October 27, 2022, the Chancery Court further awarded the Company $397,036.94 in attorney’s fees (the “Fee Order”). On November 15, 2022, the Company initiated efforts against Streicher to seek collections on the Judgment. On December 8, 2022, the Company’s prior attorney Skadden, Arps, Slate, Meagher & Flom, LLP (“Skadden”) filed its Combined Motion to Withdraw as Counsel and For a Charging Lien in amount of $3,024,201.17 for legal fees unpaid by Company (“Skadden’s Motion”). 75,000.00 50,000.00 75,000.00 On August 19, 2022, Preston Million filed the Class Action Complaint (the “Class Action Complaint”) against the Company and certain former officers and directors of the Company in the United States District Court for Southern District of New York (the “SDNY”), styled Preston Million, Individually and on Behalf of All Others Similarly Situated vs. Lottery.com, Inc. f/k/a Trident Acquisitions Corp., Anthony DiMatteo, Matthew Clemenson and Ryan Dickinson (Case No. 1:22-cv-07111-JLR). The Class Action Complaint alleged violations by all defendants of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the “Exchange Act”) 15 U.S.C. §§ 78j(b), 78t(a), as amended by the Private Securities Litigation Reform Act of 1995 (“PSLRA”), U.S.C. § 78u-4 et seq. (collectively “Federal Securities Laws”). On November 18, 2022, the SNDY ordered the appointment of RTD Bros, LLC, Todd Benn, Tom Benn and Tomasz Rzedian (collectively “Lottery Investor Group”) as lead plaintiff and Glancy Prongay & Murray, LLP as lead counsel for plaintiffs and for the class in the case. On December 5, 2022, the Court stipulated a Scheduling Order in the case. On January 12, 2023, the Company’s legal counsel timely filed its Notice of Appearance. On January 31, 2022, plaintiffs filed their Amended Complaint adding Kathryn Lever, Marat Rosenberg, Vadim Komissarov, Thomas Gallagher, Gennadii Butkevych, Ilya Ponomarev as additional defendants in the case. The Amended Complaint alleges, among other things, that defendants made materially false and misleading statements in violation of Section 10(b),14(a) and 20(a) of the Exchange Act and plaintiffs seek compensatory damages, reasonable cost and expenses including counsel fees and expert fees. Pursuant to the Scheduling Order, the Company filed its motion to dismiss the Amended Complaint on April 3, 2023, under the newly consolidated caption and its proposed order to dismiss the matter. Plaintiffs are expected to file their opposition to the motion to dismiss no later than May 18, 2023, which would trigger the Company’s deadline to file its reply brief in support of their motion to dismiss no later than June 20, 2023. On September 8, 2022, the Board appointed Mr. Sohail S. Quraeshi as CEO of the Company effective from September 12, 2022. On September 27, 2022, Armanino LLP (“Armanino”) resigned as the independent registered public accounting firm of the Company effective immediately. On October 7, 2022, the Audit Committee of the Board of Directors of the Company approved the engagement of Yusufali & Associates, LLC, (“Yusufali”) as the Company’s new independent registered public accounting firm. On November 15, 2022, the Company formed a new wholly-owned subsidiary, Sports.Com, Inc., as a Texas corporation (the “New Subsidiary”). The New Subsidiary will share the same principal address as the Company. In connection therewith, on November 19, 2022, the Company filed in the State of Texas a “doing business as” assumed name registration under the name, “Sports.Com”, and intends to file additional assumed name registrations under this name in other U.S. and foreign jurisdictions. In December 2022, an agreement was signed by and between Sports.com and Data Sports Group, GmbH (“ DSG Sports The Company has received funding that became available through Woodford Eurasia Assets, Ltd. (“ Woodford Woodford agreed to fund up to $ 2.5 1.25 1.25 52.5 . Amounts borrowed pursuant to the Loan Agreement are convertible into the Company’s common stock, beginning 60 days after the first loan date, at the option of the lender, at the rate of 80% of the lowest publicly available price per share of Company common stock within 10 business days of the date of the agreement (which was equal to $0.28 per share), subject to a 4.99% beneficial ownership limitation and a separate limitation preventing the holder from holding more than 19.99% of the issued and outstanding common stock of the Company, without the Company obtaining shareholder approval for such issuance Conditions to the loan included the resignation of four of the then members of the Board of Directors (Lisa Borders, Steven M. Cohen, Lawrence Anthony DiMatteo and William Thompson, all of which persons have subsequently resigned from the Board of Directors), and the appointment of two new directors (who have been appointed). Subsequent loans under the Loan Agreement also require our compliance with all listing requirements, unless waived by Woodford. The Loan Agreement also allows Woodford to nominate another director to the Board of Directors, in the event any independent member of the Board of Directors resigns. Proceeds of the loans can only be used by us for restarting our operations, and for general corporate purposes agreed to by Woodford. The Loan Agreement includes confidentiality obligations, representations, warranties, covenants, and events of default, which are customary for a transaction of this size and nature. Included in the Loan Agreement are covenants prohibiting us from (a) making any loan in excess of $1 million or obtaining any loan in amount exceeding $1 million without the consent of Woodford, which may not be unreasonably withheld; (b) selling more than $1 million in assets; (c) maintaining less than enough assets to perform our obligations under the Loan Agreement; (d) encumbering any assets, except in the normal course of business, and not in an amount to exceed $1 million; (e) amending or restating our governing documents; (f) declaring or paying any dividend; (g) issuing any shares which negatively affects Woodford; and (h) repurchasing any shares. We also agreed to grant warrants to Woodford to purchase 15% of the issued and outstanding common stock of the Company 7,619,207 0.28 On January 30, 2023, Mr. Edward K. Moffly resigned as Interim Chief Financial Officer of the Company. On February 1, 2023, the Board of Directors of the Company appointed Mr. Mark Gustavson as Chief Executive Officer and principal executive officer of the Company. Mr. Gustavson will also serve as principal financial/accounting officer of the Company until a replacement is found. Mr. Mark Gustavson, as CEO, replaced Mr. Sohail S. Quraeshi, who is no longer serving as Chief Executive Officer or as a principal executive officer of the Company, effective February 1, 2023, as a result of the change in Chief Executive Officer of the Company approved by the Board of Directors. On March 13, 2023, John Brier, Bin Tu and JBBT, LLC (collectively, the “TinBu Plaintiffs”) filed its original complaint against Lottery.com, Inc. f/k/a AutoLotto, Inc. and its wholly-owned subsidiary TinBu, LLC (“TinBu”) in the Circuit Court of the 13 th 4.6 On March 29, 2023, the WinTogether Foundation Board of Directors voted to suspend its relationship with the Company. On April 25, 2023, the Company recommenced its ticket sales operations through its Texas retail network. On April 22, 2023, the Company signed an exclusive affiliate agreement with International Gaming Alliance (IGA), to supply official Texas lottery tickets in the Dominican Republic.

Significant Accounting Polici_2

Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“ GAAP ASC ASU FASB
Going Concern	Going Concern The accompanying consolidated financial statements have been prepared on a going concern basis of accounting, which contemplates continuity of operations, realization of assets and classification of liabilities and commitments in the normal course of business. The accompanying consolidated financial statements do not reflect any adjustments relating to the recoverability and classification of recorded asset amounts or the amounts and classifications of liabilities that might result if the Company is unable to continue as a going concern. Pursuant to the requirements of the Financial Accounting Standards Board’s Accounting Standards Codification (“ASC”) Topic 205-40, Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern, management must evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the Company’s ability to continue as a going concern for one year from the date these financial statements are issued. This evaluation does not take into consideration the potential mitigating effect of management’s plans that have not been fully implemented or are not within control of the Company as of the date the financial statements are issued. When substantial doubt exists under this methodology, management evaluates whether the mitigating effect of its plans sufficiently alleviates substantial doubt about the Company’s ability to continue as a going concern. The mitigating effect of management’s plans, however, is only considered if both (1) it is probable that the plans will be effectively implemented within one year after the date that the financial statements are issued, and (2) it is probable that the plans, when implemented, will mitigate the relevant conditions or events that raise substantial doubt about the entity’s ability to continue as a going concern within one year after the date that the financial statements are issued. Due to losses experienced by the Company’s Operational Cessation, the Company has experienced recurring net losses and negative cash flows from operations and has an accumulated deficit of approximately $ 148 45.3 53 29.9 3.7 The Company has historically funded its activities to date almost exclusively from debt and equity financing. Management’s plans in order to meet its operating cash flow requirements include financing activities such as private placements of its common stock, preferred stock offerings, and issuances of debt and convertible debt. Although Management believes that it will be able to continue to raise funds by sale of its securities to provide the additional cash needed to meet the Company’s obligations as they become due beginning with a loan agreement the Company entered into with Woodford Eurasia Assets, Ltd. (“Woodford”) on December 7, 2022 (see Subsequent Events), the Plans for Recommencement of Company Operations to require substantial funds to implement and there is no assurance that the Company will be able to continue raising the required capital. The Company’s ability to continue as a going concern for the next twelve months from the issuance of these financial statements depends on its ability to execute its business plan, increase revenue, and reduce expenditures. Such conditions raise substantial doubt about the Company’s ability to continue as a going concern.
Impact of Trident Acquisition Corp. Business Combination	Impact of Trident Acquisition Corp. Business Combination We accounted for the October 29, 2021 Business Combination as a reverse recapitalization whereby AutoLotto was determined as the accounting acquirer and Trident Acquisition Corp. (“TDAC”) as the accounting acquiree. This determination was primarily based on: ● former AutoLotto stockholders having the largest voting interest in Lottery.com Inc. (“Lottery.com”); ● the board of directors of Lottery.com having 7 members, and AutoLotto’s former stockholders having the ability to nominate the majority of the members of the board of directors; ● AutoLotto management continuing to hold executive management roles for the post-combination company and being responsible for the day-to-day operations; ● the post-combination company assuming the Lottery.com name; ● Lottery.com maintaining the pre-existing AutoLotto headquarters; and the intended strategy of Lottery.com being a continuation of AutoLotto’s strategy. Accordingly, the Business Combination was treated as the equivalent of AutoLotto issuing stock for the net assets of TDAC, accompanied by a recapitalization. The net assets of TDAC are stated at historical cost, with no goodwill or other intangible assets recorded. While TDAC was the legal acquirer in the Business Combination, because AutoLotto was determined as the accounting acquirer, the historical financial statements of AutoLotto became the historical financial statements of the combined company, upon the consummation of the Business Combination. As a result, the financial statements included in the accompanying consolidated financial statements reflect (i) the historical operating results of AutoLotto prior to the Business Combination; (ii) the combined results of the Company and AutoLotto following the closing of the Business Combination; (iii) the assets and liabilities of AutoLotto at their historical cost; and (iv) the Company’s equity structure for all periods presented. In connection with the Business Combination transaction, we have converted the equity structure for the periods prior to the Business Combination to reflect the number of shares of the Company’s common stock issued to AutoLotto’s stockholders in connection with the recapitalization transaction. As such, the shares, corresponding capital amounts and earnings per share, as applicable, related to AutoLotto convertible preferred stock and common stock prior to the Business Combination have been retroactively converted by applying the exchange ratio established in the Business Combination.
Non-controlling Interests	Non-controlling Interests Non-controlling interests represent the proportionate ownership of Aganar and JuegaLotto, held by minority members and reflect their capital investments as well as their proportionate interest in subsidiary losses and other changes in members’ equity, including translation adjustments.
Segment Reporting	Segment Reporting Operating segments are defined as components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker in deciding how to allocate resources and in assessing operating performance. Under the provisions of ASC 280, Segment Reporting, the Company is not organized around specific services or geographic regions. The Company operates in one service line, providing lottery products and services. We determined that our Chief Financial Officer is the Chief Operating Decision Maker and he uses financial information, business prospects, competitive factors, operating results and other non-U.S. GAAP financial ratios to evaluate our performance, which is the same basis on which our results and performance are communicated to our Board of Directors. Based on the information described above and in accordance with the applicable literature, management has concluded that we are organized and operated as one operating and reportable segment on a consolidated basis for each of the periods presented.
Concentration of Credit Risks	Concentration of Credit Risks Financial instruments that are potentially subject to concentrations of credit risk are primarily cash. Cash holdings deposits are placed with major financial institutions deemed to be of high-credit-quality in order to limit credit exposure. The Company maintains deposits and certificates of deposit with banks which may exceed the Federal Deposit Insurance Corporation (“FDIC”) insured limit and money market accounts which are not FDIC insured. In addition, deposits aggregating approximately $ 19,790
Use of Estimates	Use of Estimates The preparation of the financial statements requires management to make estimates and assumptions to determine the reported amounts of assets, liabilities, revenue and expenses. Although management believes these estimates are reasonable, actual results could differ from these estimates. The Company evaluates its estimates on an ongoing basis and prepares its estimates on historical experience and other assumptions the Company believes to be reasonable under the circumstances.
Reclassifications	Reclassifications Certain balances have been reclassified in the accompanying consolidated financial statements to conform to the current year presentation. These reclassifications had no effect on the balances of current or total assets and prior year’s net loss or accumulated deficit.
Foreign currency translation	Foreign currency translation Assets and liabilities of subsidiaries operating outside the United States with a functional currency other than U.S. Dollars are translated into U.S. Dollars using year-end exchange rates. Sales, costs and expenses are translated at the average exchange rates in effect during the year. Foreign currency translation gains and losses are included as a component of accumulated other comprehensive income (loss).
Cash and Restricted Cash	Cash and Restricted Cash As of December 31, 2021 and 2020, cash comprised of cash deposits, and deposits with some banks exceeded federally insured limits with the majority of cash held in one financial institution. Management believes all financial institutions holding its cash are of high credit quality and does not believe the Company is subject to unusual credit risk beyond the normal credit risk associated with commercial banking relationships. The Company had no As of December 31, 2020, restricted cash included $ 6,950,000 0 30,000,000
Accounts Receivable	Accounts Receivable The Company through its various merchant providers pre-authorizes forms of payment prior to the sale of digital representation of lottery games to minimize exposure to losses related to uncollected payments and does not extend credit to the user of the B2C Platform or the commercial partner of the B2B API, which are its customers, in the normal course of business. The Company estimates its bad debt exposure each period and records a bad debt provision for accounts receivable it believes it may not collect in full. The Company did not record any allowance for uncollectible receivables as of December 31, 2021 and 2020. The Company has not incurred bad debt expense historically.
Prepaid Expenses	Prepaid Expenses Prepaid expenses consist of payments made on contractual obligations for services to be consumed in future periods. The Company entered into an agreement with a third party to provide advertising services and issued equity instruments as compensation for the advertising services (“Prepaid advertising credits”). The Company expenses the service as it is performed by the third party. The value of the services provided were used to value these contracts, except the Company expensed reserve loss of prepaid advertising credits of $ 2,000,000 22,013,110 22,896,638
Investments	Investments On August 2, 2018, AutoLotto purchased 186,666 4% 20%
Property and equipment, net	Property and equipment, net Property and equipment are stated at cost. Depreciation and amortization are generally computed using the straight-line method over estimated useful lives ranging from three five years Depreciation of property and equipment is computed using the straight-line method over the following estimated useful lives: Schedule of Depreciation of Property and Equipment Computers and equipment 3 Furniture and fixtures 5 Software 3
Leases	Leases Right-of-use assets (“ROU assets”) represent the Company’s right to use an underlying asset for the lease term and lease liabilities represent the obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease term. Variable lease payments are not included in the calculation of the right-of-use asset and lease liability due to uncertainty of the payment amount and are recorded as lease expense in the period incurred. As most of the leases do not provide an implicit rate, the Company used its incremental borrowing rate based on the information available at commencement date in determining the present value of lease payments. Otherwise, the implicit rate was used when readily determinable. The lease terms may include options to extend or terminate the lease when it is reasonably certain that the Company will exercise that option. Lease expense for lease payments is recognized on a straight-line basis over the lease term. Under the available practical expedient, the Company accounts for the lease and non-lease components as a single lease component for all classes of underlying assets as both a lessee and lessor. Further, management elected a short-term lease exception policy on all classes of underlying assets, permitting the Company to not apply the recognition requirements of this standard to short-term leases (i.e. leases with terms of 12 months or less).
Internal Use Software Development	Internal Use Software Development Software development costs incurred internally to develop software programs to be used solely to meet our internal needs and applications are capitalized once the preliminary project stage is complete and it is probable that the project will be completed and the software will be used to perform the intended function. Additionally, we capitalize qualifying costs incurred for upgrades and enhancements to existing software that result in additional functionality. Costs related to preliminary project planning activities, post-implementation activities, maintenance and minor modifications are expensed as incurred. Internal-use software development costs are amortized on a straight line basis over the estimated useful life of the software.
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets Goodwill represents the excess of the cost of assets acquired over the fair value of the net assets at the date of acquisition. Intangible assets represent the fair value of separately recognizable intangible assets acquired in connection with the Company’s business combinations. The Company evaluates its goodwill and other intangibles for impairment on an annual basis or whenever events or circumstances indicate that an impairment may have occurred in accordance with the provisions of ASC 350, “ Goodwill and Other Intangible Assets
Revenue Recognition	Revenue Recognition Under the new standard, Accounting Standards Update (“ASU”) 2014-09, “ Revenue from Contracts with Customers (Topic 606)
Lottery game revenue	Lottery game revenue Items that fall under this revenue classification include: Lottery game sales The Company’s performance obligations of delivering lottery games are satisfied at the time in which the digital representation of the lottery game is delivered to the user of the B2C Platform or the commercial partner of the B2B API, therefore, are recognized at a point in time. The Company receives consideration for lottery game sales at the time of delivery to the customer, which may be the user or commercial partner, as applicable. There is no variable consideration related to lottery game sales. As each individual lottery game delivered represents a distinct performance obligation and consideration for each game sale is fixed, representing the standalone selling price, there is no allocation of consideration necessary. In accordance with Accounting Standards Codification (“ASC”) 606, the Company evaluates the presentation of revenue on a gross versus net basis dependent on if the Company is a principal or agent. In making this evaluation, some of the factors that are considered include whether the Company has control over the specified good or services before they are transferred to the customer. The Company also assesses if it is primarily responsible for fulfilling the promise to provide the goods or services, has inventory risk, and has discretion in establishing the price. For all of the Company’s transactions, management concluded that gross presentation is appropriate, as the Company is primarily responsible for providing the performance obligation directly to the customers and assumes fulfillment risk of all lottery game sales as it retains physical possession of lottery game sales tickets from time of sale until the point of redemption. The Company also retains inventory risk an all lottery game sales tickets as they would be responsible for any potential winnings related to lost or unredeemable tickets at the time of redemption. Finally, while states have the authority to establish lottery game sales prices, the Company can add service fees to ticket prices evidencing its ability to establish the ultimate price of the lottery tickets being sold. Other associated revenue The Company’s performance obligations in agreements with certain customers are to provide a license of intellectual property related to the use of the Company’s tradename for marketing purposes by partners of the Company. Customers pay a license fee up front. The transaction price is deemed to be the license issue fee stated in the contract. The license offered by the Company represents a symbolic license which provides the customer with the right to use the Company’s intellectual property on an ongoing basis with continued support throughout the term of the contract in the form of ongoing maintenance of the underlying intellectual property. There is no variable consideration related to these performance obligations. Arrangements with multiple performance obligations The Company’s contracts with customers may include multiple performance obligations. For such arrangements, management allocates revenue to each performance obligation based on its relative standalone selling price. Management generally determines standalone selling prices based on the prices charged to customers. Deferred Revenue The Company records deferred revenue when cash payments are received or due in advance of any performance, including amounts which are refundable. Payment terms vary by the type and location of the customer and the products or services offered. The term between invoicing and when payment is due is not significant. For certain products or services and customer types, management requires payment before the products or services are delivered to the customer. Contract Assets Given the nature of the Company’s services and contracts, it has no contract assets. Taxes Taxes assessed by a governmental authority that are both imposed on and concurrent with specific revenue-producing transactions, that are collected by us from a customer, are excluded from revenue.
Cost of Revenue	Cost of Revenue Cost of revenue consists primarily of variable costs, comprising (i) the cost of procurement of lottery games, minus winnings to users, additional expenses related to the sale of lottery games, including, commissions, affiliate fees and revenue shares; and (ii) payment processing fees on user fees, including, chargebacks imposed on the Company. Other non-variable costs included in cost of revenue include affiliate marketing credits acquired on a per-contract basis.
Stock-based Compensation	Stock-based Compensation Effective October 1, 2019, the Company adopted ASU 2018-07, Compensation – “Stock Compensation (Topic 718): Improvements to Nonemployee Share-based Payment Accounting” Stock Compensation
Advertising Costs	Advertising Costs Advertising costs are charged to operations when incurred. Advertising costs for the years ended December 31, 2021 and 2020 were approximately $ 1,888,000 66,000
Income Taxes	Income Taxes For both financial accounting and tax reporting purposes, the Company reports income and expenses based on the accrual method of accounting. For federal and state income tax purposes, the Company reports income or loss from their investments in limited liability companies on the consolidated income tax returns. As such, all taxable income and available tax credits are passed from the limited liability companies to the individual members. It is the responsibility of the individual members to report the taxable income and tax credits, and to pay any resulting income taxes. Therefore, in relation to the income and losses incurred by the limited liability companies, they have been consolidated in the Company’s tax return and provision based upon its relative ownership. Income taxes are accounted for in accordance with ASC 740, “ Income Taxes The Company records uncertain tax positions in accordance with ASC 740 on the basis of a two-step process in which (i) the Company determines whether it is more likely than not that the tax positions will be sustained on the basis of the technical merits of the position; and (ii) for those tax positions that meet the more likely than not recognition threshold, the Company recognizes the largest amount of tax benefit that is more than 50 percent likely to be realized upon ultimate settlement with the related tax authority. Generally, the taxing authorities can audit the previous three years
Fair Value of Financial Instruments	Fair Value of Financial Instruments The Company determines the fair value of its financial instruments in accordance with the provisions of ASC 820, Fair Value Measurements and Disclosures , ● Level 1 — Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities ● Level 2 — Quoted prices in markets that are not active, or inputs that are observable, either directly or indirectly, for substantially the full term of the asset or liability ● Level 3 — Valuation is generated from model-based techniques that use significant assumptions not observable in the market. These unobservable assumptions reflect our own estimates of assumptions that market participants would use in pricing the asset or liability. Determination of fair value and the resulting hierarchy requires the use of observable market data whenever available. The classification of an asset or liability in the hierarchy is based upon the lowest level of input that is significant to the measurement of fair value.
Fair value of stock options and warrants	Fair value of stock options and warrants Management uses the Black-Scholes option-pricing model to calculate the fair value of stock options and warrants. Use of this method requires management to make assumptions and estimates about the expected life of options and warrants, anticipated forfeitures, the risk-free rate, and the volatility of the Company’s share price. In making these assumptions and estimates, management relies on historical market data.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In January 2017, the FASB issued ASU No. 2017-04, Intangibles - Goodwill and other (Topic 350) In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments – Credit Losses (Topic 326) Measurement of Credit Losses on Financial Instruments In December 2019, the FASB issued ASU No 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes ( ) In October 2020, the FASB issued ASU No. 2020-09, Debt (Topic 470) (“ASU 2020-09”). ASU 2020-09 a

Significant Accounting Polici_3

Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
Schedule of Depreciation of Property and Equipment	Depreciation of property and equipment is computed using the straight-line method over the following estimated useful lives: Schedule of Depreciation of Property and Equipment Computers and equipment 3 Furniture and fixtures 5 Software 3

Restatement of Financial Stat_2

Restatement of Financial Statements (Tables)	12 Months Ended
	Dec. 31, 2021
Accounting Changes and Error Corrections [Abstract]
Schedule of Restatements of Financial Statements	The following tables summarize the effect of the restatements on the specific items presented in our previously reported financial statements: Schedule of Restatements of Financial Statements LOTTERY.COM INC BALANCE SHEET December 31, December 31, 2021 Adjustments 2021 (As Filed) (As Restated) ASSETS Current assets: Cash $ 62,638,970 (30,000,000 ) (1) $ 32,638,970 Accounts receivable 21,696,653 (21,617,472 ) (1) (2) 79,181 Prepaid expenses $ 13,896,638 9,000,000 (1) (2) $ 22,896,638 Other current assets 226,200 - 226,200 Total current assets 98,458,461 - 55,840,989 Long-term assets 48,693,017 - 48,693,017 Total assets $ 147,151,478 - $ 104,534,006 LIABILITIES AND STOCKHOLDERS’ EQUITY Current liabilities: Trade payables $ 1,006,535 - $ 1,006,535 Deferred revenue 662,335 500,000 (1) 1,162,335 Notes payable - current 3,771,340 - 3,771,340 Accrued interest 176,260 - 176,260 Accrued and other expenses 4,528,815 (112,647 ) (3) 4,416,168 Total current liabilities 10,145,285 - 10,532,638 Long-term liabilities: Other long term liabilities 1,169 - 1,169 Total long-term liabilities 1,169 - 1,169 Total liabilities 10,146,454 - 10,533,807 Commitments and contingencies - Equity Controlling Interest - - Preferred Stock, par value $ 0.001 1,000,000 none - - - Common stock, par value $ 0.001 500,000,000 50,256,317 22,658,006 46,808 3,448 (7) 50,256 Additional paid-in capital 240,411,298 (1,049,206 ) (4) 239,358,644 Accumulated other comprehensive loss (655 ) - (655 ) Accumulated deficit (106,232,518 ) (41,955,620 ) (6) (148,188,138 ) Total Lottery.com Inc. stockholders’ equity 134,224,933 - 91,220,107 Noncontrolling interest 2,780,091 - 2,780,092 Total Equity 137,005,024 - 94,000,199 Total liabilities and stockholders’ equity $ 147,151,478 - $ 104,534,006 LOTTERY.COM INC CONSOLIDATED STATEMENT OF OPERATIONS 2021 Adjustments 2021 Years Ended December 31, 2021 Adjustments 2021 (As Filed) (As Restated) Revenue $ 68,527,394 (52,117,472 ) (1) (2) $ 16,409,922 Cost of revenue 19,158,707 (11,000,000 ) (1) (2) 8,158,707 Gross profit 49,368,687 - 8,251,215 Operating expenses: 39,178,433 (1,049,206 ) (3) 38,129,227 Loss from operations 10,190,254 - $ (29,878,012 ) Other expenses Interest expense 19,789,451 - 19,789,451 Reserve loss of prepaid advertising credits - 2,000,000 (1) (2) 2,000,000 Other expense 2,907,518 - 2,907,518 Total other expenses, net 22,696,969 - 24,696,969 Net loss before income tax $ (12,506,715 ) - $ (54,574,981 ) Income tax expense (benefit) (1,551,689 ) (112,646 ) (5) (1,664,335 ) Net loss (10,955,026 ) (52,910,646 ) Other comprehensive loss Foreign currency translation adjustment, net (655 ) (655 ) Comprehensive loss (10,955,681 ) - (52,911,301 ) Net income attributable to noncontrolling interest 136,924 - 136,924 Net loss attributable to Lottery.com Inc. (11,092,605 ) (41,955,620 ) (6) (53,048,225 ) Net loss per common share Basic and diluted $ (0.43 ) - $ (2.04 ) Weighted average common shares outstanding Basic and diluted 25,998,831 - 25,998,831 LOTTERY.COM INC CONSOLIDATED STATEMENT OF CASH FLOWS 2021 Adjustments 2021 Years Ended December 31, 2021 Adjustments 2021 (As Filed) (As Restated) Cash flow from operating activities Net loss attributable to Lottery.com Inc. (11,091,950 ) $ (41,955,620 ) (6) (53,047,570 ) Adjustments to reconcile net loss to net cash used in operating activities: 37,937,855 $ (1,049,206 ) (7) 36,888,649 Changes in assets & liabilities: Accounts receivable (21,636,324 ) 21,617,472 (1) (2) (18,852 ) Prepaid expenses 8,121,496 (9,000,000 ) (1) (2) (878,504 ) Other current assets 727,182 (100,000 ) (9) 627,182 Trade payables (1,171,557 ) (386,013 ) (9) (1,557,570 ) Deferred revenue (7,101,258 ) 365,293 (1) (2) (6,735,965 ) Accrued interest (545,457 ) (545,457 ) Accrued and other expenses 2,860,728 (779,910 ) (9) 2,080,818 Other long term liabilities 1,169 1,169 Net cash provided by operating activities 8,101,884 - (23,186,100 ) Cash flow from investing activities Purchases of property and equipment (28,170 ) 696 (9) (27,474 ) Purchases of intangible assets (5,192,050 ) 4,674,156 (9) (517,894 ) Investment in subsidiary, net (10,012,540 ) (3,386,868 ) (9) (13,399,408 ) Net cash used in investing activities (15,232,760 ) (13,944,776 ) Cash flow from financing activities Issuance of digital securities 108,332 108,332 Proceeds from exercise of options and warrants 371,726 371,726 Proceeds from issuance of convertible debt 23,483,500 23,483,500 Payment of debt issuance costs (1,115,031 ) (1,115,031 ) Proceeds from issuance of notes payable 5,000,000 5,000,000 Proceeds from reverse recapitalization 42,794,176 42,794,176 Principal payments on debt (11,647,713 ) (11,647,713 ) Net cash provided by financing activities 58,994,990 - 58,994,990 Effect of exchange rate changes on cash (655 ) (655 ) Net change in net cash and restricted cash 51,863,459 (30,000,000 ) (1) 21,863,459 Cash and restricted cash at beginning of period 10,775,511 - 10,775,511 Cash and restricted cash at end of period 62,638,970 - 32,638,970 The specific explanations for the items noted above in the restated financial statements are as follows: (1) On January 4, 2022, AutoLotto entered into a Business Loan Agreement (the “Business Loan”) with The Provident Bank (“Provident”), pursuant to which the Company borrowed $ 30,000,000 30,000,000 30,000,000 30,000,000 30,000,000 (2) After reexamination of various transactions that occurred in 2021 and which were later rescinded or canceled in 2022, the Company has restated revenue on its financial statements for the year ended December 31, 2021, to reflect a change in the recognition of income in accordance with Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) 606 a. On September 20, 2021, the Company entered into a purchase agreement with a major customer for the sale of various service credits with a total purchase price of $30 million dollars. Upon execution of the purchase agreement, the Company recognized the income and the customer was required make payment within 90 days. The customer provided payment prior to December 31, 2021, in the form of a check accepted by the Company for deposit and included in undeposited funds. During 2022, the Company discovered that the original service credits were non-transferrable and that the Company had pledged its own cash accounts to secure a line of credit in the amount of $30,000,000 utilized by the customer to provide the Company with payment towards the purchase of the service credits. Since the Company was prohibited from transferring the advertising portion of the service credits and could not complete the sale of such credits, the Company cancelled the transaction and could not recognize the income, nor recognize a cash payment in the Company’s financial statements. In addition, the Company had recorded cost of sales and a corresponding pre-paid expense related to this transaction in the amount of $10,000,000. As a result, in the restated December 31, 2021 financial statements, the Company decreased both cash and revenue by $30,000,000, for the year ended December 31, 2021; and reversed the cost of sales resulting in a decrease to cost of sales and an increase to pre-paid expense by $10,000,000 each for the year ended December 31, 2021. b. In addition, the Company had invoiced the customer a further $ 17,117,472 18,539,472 17,117,472 18,539,472 c. The total adjustment to accounts receivable was an increase of $ 21,617,472 d. The total adjustment to pre-paid expenses was a decrease of $ 9,000,000 e. The total adjustment to accrued expense and other expenses was an increase of $ 112,647 f. The total adjustment to revenue was a decrease of $ 52,117,472 g. The total adjustment to cost of revenue was an increase of $ 11,000,000 (3) During the Company’s reassessment of all accounts as of December 31, 2021, the Company determined that approximately $ 2,000,000 2,000,000 2,000,000 (4) After the termination of several officers and employees subsequent to December 31, 2022 and the cancelation of various options and/or warrants held by these individuals, the Company, the Company decreased stock-compensation expense in the amount of $ 1,049,206 (5) In an unrelated transaction, the Company entered into an agreement with another customer totaling $ 5,000,000 5,000,000 500,000 500,000 500,000 4,500,000 500,000 5,000,000 (6) As a result of all the foregoing adjustments, the Company reevaluated the classifications of accounts on the statements of cash flows accordingly. (7) On October 28, 2021, the Company granted 3,832,431 3,448,066

Business Combination (Tables)

Business Combination (Tables)	12 Months Ended
	Dec. 31, 2021
Business Combination and Asset Acquisition [Abstract]
Schedule of Tangible and Intangible Assets Acquisition	Schedule of Tangible and Intangible Assets Acquisition Cash $ 517,460 Accounts receivable, net 34,134 Prepaids 5,024 Property and equipment, net 2,440 Other assets, net 65,349 Intangible assets 8,590,000 Goodwill 4,940,643 Total assets $ 14,155,051 Accounts payable and other liabilities $ (387,484 ) Customer deposits (134,707 ) Related party loan (417,017 ) Total liabilities $ (939,208 ) Total net assets of Acquirees $ 13,215,843
Schedule of Intangible Assets Acquired	Following are details of the purchase price allocated to the intangible assets acquired. Schedule of Intangible Assets Acquired Category Fair Value Customer relationships $ 410,000 Gaming licensees 4,020,000 Trade names and trademarks 2,540,000 Technology 1,620,000 Total Intangibles $ 8,590,000
Schedule of Business Combination Pro Forma Information	Schedule of Business Combination Pro Forma Information For the year ended December 31, 2021 Lottery.com (As presented above) Global Gaming Acquisition (Historical) (unaudited) Pro forma Lottery.com Total revenues $ 16,409,922 1,962,370 $ 18,372,292 Net income (loss) (50,790,472 ) (86,162 ) (50,876,634 ) Net income (loss) attributable to shareholders $ (50,927,396 ) (86,162 ) $ (51,013,558 ) Net income (loss) per common share Basic and diluted $ (1.96 ) $ (1.96 ) Weighted average common shares outstanding Basic and diluted 25,998,831 25,998,831

Property and Equipment, net (Ta

Property and Equipment, net (Tables)	12 Months Ended
	Dec. 31, 2021
Property, Plant and Equipment [Abstract]
Schedule of Property and equipment net	Property and equipment, net as of December 31, 2021 and 2020, consisted of the following: Schedule of Property and equipment net December 31, December 31, 2021 2020 Computers and equipment $ 113,151 $ 85,004 Furniture and fixtures 23,760 14,301 Software 1,903,121 1,903,121 Property and equipment 2,040,032 2,002,426 Accumulated depreciation (1,898,753 ) (1,331,474 ) Property and equipment, net $ 141,279 $ 670,952

Intangible assets, net (Tables)

Intangible assets, net (Tables)	12 Months Ended
	Dec. 31, 2021
Trade Name [Member]
Indefinite-Lived Intangible Assets [Line Items]
Schedule of Intangible Assets Related to Acquisition	Schedule of Intangible Assets Related to Acquisition December 31, December 31, 2021 2020 Cost basis $ 10,000 $ 10,000 Less: accumulated amortization (5,556 ) (3,889 ) Total Intangibles $ 4,444 $ 6,111
Technology [Member]
Indefinite-Lived Intangible Assets [Line Items]
Schedule of Intangible Assets Related to Acquisition	Schedule of Intangible Assets Related to Acquisition December 31, December 31, 2021 2020 Cost basis $ 1,430,000 $ 1,430,000 Less: accumulated amortization (794,444 ) (556,111 ) Total Intangibles $ 635,556 $ 873,889
Software Agreements [Member]
Indefinite-Lived Intangible Assets [Line Items]
Schedule of Intangible Assets Related to Acquisition	Schedule of Intangible Assets Related to Acquisition December 31, December 31, 2021 2020 Cost basis $ 2,000,000 $ 2,000,000 Less: accumulated amortization (1,277,777 ) (944,444 ) Total Intangibles $ 722,223 $ 1,055,556
Playsino [Member]
Indefinite-Lived Intangible Assets [Line Items]
Schedule of Intangible Assets Related to Acquisition	Schedule of Intangible Assets Related to Acquisition December 31, 2021 Cost basis $ 12,450,000 Less: accumulated amortization (1,867,500 ) Total Intangibles $ 10,582,500
Sports [Member]
Indefinite-Lived Intangible Assets [Line Items]
Schedule of Intangible Assets Related to Acquisition	Schedule of Intangible Assets Related to Acquisition December 31, 2021 Cost basis $ 6,000,000 Less: accumulated amortization (333,333 ) Total Intangibles $ 5,666,667
Domain Name [Member]
Indefinite-Lived Intangible Assets [Line Items]
Schedule of Intangible Assets Related to Acquisition	Schedule of Intangible Assets Related to Acquisition December 31, December 31, 2021 2020 Cost basis $ 935,000 $ 935,000 Less: accumulated amortization (296,083 ) (233,750 ) Total Intangibles $ 638,917 $ 701,250
Customer Relationship [Member]
Indefinite-Lived Intangible Assets [Line Items]
Schedule of Intangible Assets Related to Acquisition	Schedule of Intangible Assets Related to Acquisition December 31, 2021 Cost basis $ 410,000 Less: accumulated amortization (34,167 ) Total Intangibles $ 375,833
Trade Name One [Member]
Indefinite-Lived Intangible Assets [Line Items]
Schedule of Intangible Assets Related to Acquisition	Schedule of Intangible Assets Related to Acquisition December 31, 2021 Cost basis $ 2,540,000 Less: accumulated amortization (211,667 ) Total Intangibles $ 2,328,333
Technology One [Member]
Indefinite-Lived Intangible Assets [Line Items]
Schedule of Intangible Assets Related to Acquisition	Schedule of Intangible Assets Related to Acquisition December 31, 2021 Cost basis $ 1,620,000 Less: accumulated amortization (135,000 ) Total Intangibles $ 1,485,000
Gaming Licenses [Member]
Indefinite-Lived Intangible Assets [Line Items]
Schedule of Intangible Assets Related to Acquisition	Schedule of Intangible Assets Related to Acquisition December 31, 2021 Cost basis $ 4,020,000 Less: accumulated amortization (335,000 ) Total Intangibles $ 3,685,000
Internal Use Software Development [Member]
Indefinite-Lived Intangible Assets [Line Items]
Schedule of Intangible Assets Related to Acquisition	Schedule of Intangible Assets Related to Acquisition December 31, 2021 Cost basis $ 111,951 Less: accumulated amortization (23,323 ) Total Intangibles $ 88,628
Customer Relationships [Member]
Indefinite-Lived Intangible Assets [Line Items]
Schedule of Intangible Assets Related to Acquisition	Schedule of Intangible Assets Related to Acquisition December 31, December 31, 2021 2020 Cost basis $ 940,000 $ 940,000 Less: accumulated amortization (522,222 ) (365,556 ) Total Intangibles $ 417,778 $ 574,444

Notes Payable and Convertible_2

Notes Payable and Convertible Debt (Tables)	12 Months Ended
	Dec. 31, 2021
Debt Disclosure [Abstract]
Schedule of the outstanding balances of the Series A and B notes	As of December 31, 2021 and 2020, the outstanding balances of the Series A and B notes was as follows; Schedule of the outstanding balances of the Series A and B notes December 31, December 31, 2021 2020 Total face value of series A convertible notes payable $ - $ 821,500 Total face value of series B convertible notes payable - 8,607,802 Total face value of secured convertible promissory note - 935,000 Total face value of convertible notes payable - 10,364,302 Less: unamortized beneficial conversion feature - (1,240,716 ) Less: unamortized debt discount - (230,921 ) Total convertible notes payable, net - 8,892,665 Less: current portion of convertible notes payable - (8,882,665 ) Convertible notes payable, net of current portion $ - $ 10,000

Stockholders_ Equity (Tables)

Stockholders’ Equity (Tables)	12 Months Ended
	Dec. 31, 2021
Equity
Schedule of Common Stock	Schedule of Common Stock Issuance of Common Stock in Reverse Merger (Note 4) 11,384,655 Issuance of Common Stock in Global Gaming Acquisition (Note 4) 687,439 Exercise of options (Note 9) 737,732 Exercise of warrants (See below) 177,684 Conversion of convertible debt (Note 7) 11,162,735 Total 24,150,245
Schedule of Common Stock Warrant	Schedule of Common Stock Warrant Number of Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Life (years) Aggregate Intrinsic Value Outstanding at December 31, 2019 573,359 $ 0.28 5.8 $ 272,638 Granted - - - Exercised - - - Forfeited/cancelled - - - Outstanding at December 31, 2020 573,359 0.28 4.8 272,638 Granted - - - Exercised (177,684 ) 0.66 - Forfeited/cancelled - - - Outstanding at December 31, 2021 395,675 $ 0.11 4.0 $ 2,478,501 Exercisable at December 31, 2021 395,675 $ 0.11 4.0 $ 2,478,501

Stock-based Compensation Expe_2

Stock-based Compensation Expense (Tables)	12 Months Ended
	Dec. 31, 2021
Share-Based Payment Arrangement [Abstract]
Schedule of Stock Option Activity	The Company did not issue any new stock options during the years ended December 31, 2021 and 2020. The following table shows stock option activity for the years ended December 31, 2021 and 2020: Schedule of Stock Option Activity Shares Available for Grant Outstanding Stock Awards Weighted Average Exercise Price per Share Weighted Average Remaining Contractual Life (years) Aggregate Intrinsic Value Balance, December 31, 2019 18,618 1,334,005 $ 0.31 6.5 $ 362,841 Forfeited/cancelled 18,786 (18,786 ) (0.67 ) Balance, December 31, 2020 37,405 1,315,218 0.30 5.5 $ 362,841 Exercised - (737,732 ) (0.28 ) Forfeited/Cancelled 231,825 (231,825 ) (0.65 ) Balance, December 31, 2021 269,229 345,661 $ 0.97 4.4 $ 2,061,303 Exercisable, December 31, 2021 - 345,661 $ 0.97 4.4 $ 2,061,303
Schedule of Restricted Stock Awards Activity	The Company had restricted stock activity summarized as follows: Schedule of Restricted Stock Awards Activity Weighted Average Number of Grant Shares Fair Value Outstanding at December 31, 2020 - $ - Granted 3,832,431 14.75 Vested - - Forfeited/cancelled - - Restricted shares unvested at December 31, 2021 3,832,431 $ 14.75

Loss Per Share (Tables)

Loss Per Share (Tables)	12 Months Ended
	Dec. 31, 2021
Net loss per common share
Schedule of Basic and Diluted Net Income Loss Per Share	The following table sets forth the computation of basic and diluted net loss per share : Schedule of Basic and Diluted Net Income Loss Per Share 2021 2020 Years Ended December 31, 2021 2020 Comprehensive net loss attributable to stockholders $ (53,048,225 ) $ (5,812,663 ) Weighted average common shares outstanding Basic and diluted 25,998,831 22,658,006 Net loss per common share Basic and diluted $ (2.04 ) $ (0.26 )

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Schedule of Pre-tax Income (Loss) by Jurisdiction	The Company’s pre-tax income (loss) by jurisdiction was as follows for the years ending December 31, 2021 and December 31, 2020; Schedule of Pre-tax Income (Loss) by Jurisdiction Year ended Year ended December 31, 2021 December 31, 2020 Domestic $ (55,259,603 ) $ (5,811,863 ) Foreign $ 684,622 - Total $ (54,574,981 ) $ (5,811,863 )
Schedule of Income Tax for Continuing Operations	The provision for income taxes for continuing operations for the year ended December 31, 2021 and 2020 consist of the following: Schedule of Income Tax for Continuing Operations Year ended December 31, 2021 Year ended December 31, 2020 Current income taxes Federal (16,846 ) - State 5,578 800 Foreign - - Total current income taxes (11,268 ) 800 33Deferred income taxes Federal (1,757,535 ) - State - - Foreign 104,467 - Total deferred income taxes (1,653,067 ) 800 Valuation allowance - Total income tax expense (benefit) (1,664,335 ) 800
Schedule of Increase in the Valuation Allowance	Schedule of Increase in the Valuation Allowance Year ended December 31, 2021 Year ended December 31, 2020 Tax Expense at statutory federal rate of 21 $ (11,460,747 ) $ (1,069,636 ) State income taxes, net of federal income tax benefit - - Foreign rate differential 127,739 - Permanent differences 2,106,611 359,450 Other – Miscellaneous - 40 Change in valuation allowance 7,562,061 710,946 Income tax expense (benefit) $ (1,664,335 ) $ 800
Schedule of Deferred Tax Assets and Liabilities	Schedule of Deferred Tax Assets and Liabilities 2021 2020 Long-term deferred tax assets: Federal net operating loss carryforwards $ 20,145,126 $ 13,211,841 Foreign net operating loss carryforwards (321,331 ) - Stock compensation 3,308,116 Fixed assets - 6,648 Intangible assets - 121,333 Other 19,540 170,880 Total deferred tax assets before valuation allowance $ 23,151,451 $ 13,510,703 Deferred tax liabilities: Fixed assets $ 336,699 $ - Intangible assets 1,452,273 - Total deferred tax liabilities 1,788,972 - Valuation allowance (21,362,480 ) (13,510,703 ) Net deferred tax assets and liabilities $ - $ -

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Schedule of Future Minimum Rent Payments Due Under Non Cancellable Leases	As of December 31, 2021, future minimum rent payments due under non-cancellable leases with initial maturities greater than one year are as follows: Schedule of Future Minimum Rent Payments Due Under Non Cancellable Leases Years ending December 31, Amount 2022 184,154 2023 135,222 2024 30,404 Total $ 349,780

Revenue Disaggregation (Tables)

Revenue Disaggregation (Tables)	12 Months Ended
	Dec. 31, 2021
Revenue from Contract with Customer [Abstract]
Schedule of Revenue Disaggregation	Revenue disaggregation consists of the following: Schedule of Revenue Disaggregation 2021 2020 Gaming 8,506,176 3,069,373 Other 7,903,746 4,390,141 Total 16,409,922 7,459,514

Schedule of Depreciation of Pro

Schedule of Depreciation of Property and Equipment (Details)	12 Months Ended
	Dec. 31, 2021
Computer Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, estimated useful lives	3 years
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, estimated useful lives	5 years
Software Development [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, estimated useful lives	3 years

Significant Accounting Polici_4

Significant Accounting Policies (Details Narrative) - USD ($)			12 Months Ended
	Apr. 30, 2023	Aug. 02, 2018	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2022
Property, Plant and Equipment [Line Items]
Accumulated deficit			$ 148,188,138	$ 95,140,568
Working capital deficiency			45,300,000
Net loss			53,048,225	5,812,663
Loss from operations			29,878,012	3,710,852
Concentration Risk, Credit Risk, Uninsured Deposits	19,790
Marketable securities			0	0
Restricted cash				6,950,000
Reserve loss of prepaid advertising credits			2,000,000
Prepaid expenses			22,896,638	22,013,110
Advertising costs			$ 1,888,000	$ 66,000
Description of income tax likelihood of unfavourable settlement			tax positions that meet the more likely than not recognition threshold, the Company recognizes the largest amount of tax benefit that is more than 50 percent likely to be realized upon ultimate settlement with the related tax authority.
Audit term			3 years
Minimum [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, estimated useful lives			3 years
Maximum [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, estimated useful lives			5 years
AutoLotto [Member]
Property, Plant and Equipment [Line Items]
Outstanding shares percentage		4%
Ownership percentage		20%
Class A-1 Common Stock [Member]
Property, Plant and Equipment [Line Items]
Shares purchased		186,666
Subsequent Event [Member]
Property, Plant and Equipment [Line Items]
Line of credit					$ 30,000,000

Schedule of Restatements of Fin

Schedule of Restatements of Financial Statements (Details) - USD ($)		12 Months Ended
		Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Current assets:
Cash		$ 32,638,970	$ 3,825,511
Accounts receivable		79,181	26,195
Prepaid expenses		22,896,638	22,013,110
Other current assets		226,200	788,033
Total current assets		55,840,989	33,602,849
Long-term assets		48,693,017
Total assets		104,534,006	50,732,099
Current liabilities:
Trade payables		1,006,535
Deferred revenue		1,162,335	7,763,593
Notes payable - current		3,771,340	12,207,180
Accrued interest		176,260	721,717
Accrued and other expenses		4,416,168
Total current liabilities		10,532,638	34,087,126
Long-term liabilities:
Other long term liabilities		1,169
Total long-term liabilities		1,169	10,000
Total liabilities		10,533,807	34,097,126
Commitments and contingencies
Equity
Controlling Interest
Preferred Stock, par value $0.001, 1,000,000 shares authorized, none issued and outstanding
Common stock, par value $0.001, 500,000,000 shares authorized, 50,256,317 and 22,658,006 issued and outstanding as of December 31, 2021 and 2020, respectively		50,256	22,658
Additional paid-in capital		239,358,644	111,752,883
Accumulated other comprehensive loss		(655)
Accumulated deficit		(148,188,138)	(95,140,568)
Total Lottery.com Inc. stockholders’ equity		91,220,107	16,634,973
Noncontrolling interest		2,780,092
Total Equity		94,000,199	16,634,973	$ 20,376,204
Total liabilities and stockholders’ equity		104,534,006	50,732,099
Revenue		16,409,922	7,459,514
Cost of revenue		8,158,707	2,952,415
Gross profit		8,251,215	4,507,099
Other expenses
Loss from operations		(29,878,012)	(3,710,852)
Interest expense		19,789,451
Reserve loss of prepaid advertising credits		2,000,000
Other expense		2,907,518
Total other expenses, net		24,696,969	2,101,011
Net loss before income tax		(54,574,981)	(5,811,863)
Income tax expense (benefit)		(1,664,335)	800
Net loss		(52,910,646)	(5,812,663)
Other comprehensive loss
Foreign currency translation adjustment, net		(655)
Comprehensive loss		(52,911,301)	(5,812,663)
Net income attributable to noncontrolling interest		136,924
Net loss attributable to Lottery.com Inc.		$ (53,048,225)	$ (5,812,663)
Net loss per common share
Basic and diluted		$ (2.04)	$ (0.26)
Weighted average common shares outstanding
Basic and diluted		25,998,831	22,658,006
Cash flow from operating activities
Net loss attributable to Lottery.com Inc.		$ (53,047,570)
Adjustments to reconcile net loss to net cash used in operating activities:		36,888,649
Changes in assets & liabilities:
Accounts receivable		(18,852)
Prepaid expenses		(878,504)	295,772
Other current assets		627,182	(38,167)
Trade payables		(1,557,570)	(341,251)
Deferred revenue		(6,735,965)	7,647,305
Accrued interest		(545,457)	394,282
Accrued and other expenses		2,080,818	174,023
Other long term liabilities		1,169
Net cash provided by operating activities		(23,186,100)	4,697,041
Cash flow from investing activities
Purchases of property and equipment		(27,474)	(21,915)
Purchases of intangible assets		(517,894)
Investment in subsidiary, net		(13,399,408)
Net cash used in investing activities		(13,944,776)	(21,915)
Cash flow from financing activities
Issuance of digital securities		108,332	649,992
Proceeds from exercise of options and warrants		371,726
Proceeds from issuance of convertible debt		23,483,500	5,271,363
Payment of debt issuance costs		(1,115,031)
Proceeds from issuance of notes payable		5,000,000	910,825
Proceeds from reverse recapitalization		42,794,176
Principal payments on debt		(11,647,713)	(890,287)
Net cash provided by financing activities		58,994,990	5,941,893
Effect of exchange rate changes on cash		(655)
Net change in net cash and restricted cash		21,863,459	10,617,019
Cash and restricted cash at beginning of period		10,775,511
Cash and restricted cash at end of period		32,638,970	10,775,511
Common Stock [Member]
Equity
Total Equity		50,256	22,658	$ 22,658
Other expenses
Net loss
Cash flow from financing activities
Stock-based compensation, shares		3,448,066
Previously Reported [Member]
Current assets:
Cash		$ 62,638,970
Accounts receivable		21,696,653
Prepaid expenses		13,896,638
Other current assets		226,200
Total current assets		98,458,461
Long-term assets		48,693,017
Total assets		147,151,478
Current liabilities:
Trade payables		1,006,535
Deferred revenue		662,335
Notes payable - current		3,771,340
Accrued interest		176,260
Accrued and other expenses		4,528,815
Total current liabilities		10,145,285
Long-term liabilities:
Other long term liabilities		1,169
Total long-term liabilities		1,169
Total liabilities		10,146,454
Equity
Controlling Interest
Preferred Stock, par value $0.001, 1,000,000 shares authorized, none issued and outstanding
Common stock, par value $0.001, 500,000,000 shares authorized, 50,256,317 and 22,658,006 issued and outstanding as of December 31, 2021 and 2020, respectively		46,808
Additional paid-in capital		240,411,298
Accumulated other comprehensive loss		(655)
Accumulated deficit		(106,232,518)
Total Lottery.com Inc. stockholders’ equity		134,224,933
Noncontrolling interest		2,780,091
Total Equity		137,005,024
Total liabilities and stockholders’ equity		147,151,478
Revenue		68,527,394
Cost of revenue		19,158,707
Gross profit		49,368,687
Other expenses
Loss from operations		10,190,254
Interest expense		19,789,451
Reserve loss of prepaid advertising credits
Other expense		2,907,518
Total other expenses, net		22,696,969
Net loss before income tax		(12,506,715)
Income tax expense (benefit)		(1,551,689)
Net loss		(10,955,026)
Other comprehensive loss
Foreign currency translation adjustment, net		(655)
Comprehensive loss		(10,955,681)
Net income attributable to noncontrolling interest		136,924
Net loss attributable to Lottery.com Inc.		$ (11,092,605)
Net loss per common share
Basic and diluted		$ (0.43)
Weighted average common shares outstanding
Basic and diluted		25,998,831
Cash flow from operating activities
Net loss attributable to Lottery.com Inc.		$ (11,091,950)
Adjustments to reconcile net loss to net cash used in operating activities:		37,937,855
Changes in assets & liabilities:
Accounts receivable		(21,636,324)
Prepaid expenses		8,121,496
Other current assets		727,182
Trade payables		(1,171,557)
Deferred revenue		(7,101,258)
Accrued interest		(545,457)
Accrued and other expenses		2,860,728
Other long term liabilities		1,169
Net cash provided by operating activities		8,101,884
Cash flow from investing activities
Purchases of property and equipment		(28,170)
Purchases of intangible assets		(5,192,050)
Investment in subsidiary, net		(10,012,540)
Net cash used in investing activities		(15,232,760)
Cash flow from financing activities
Issuance of digital securities		108,332
Proceeds from exercise of options and warrants		371,726
Proceeds from issuance of convertible debt		23,483,500
Payment of debt issuance costs		(1,115,031)
Proceeds from issuance of notes payable		5,000,000
Proceeds from reverse recapitalization		42,794,176
Principal payments on debt		(11,647,713)
Net cash provided by financing activities		58,994,990
Effect of exchange rate changes on cash		(655)
Net change in net cash and restricted cash		51,863,459
Cash and restricted cash at beginning of period		10,775,511
Cash and restricted cash at end of period		62,638,970	10,775,511
Revision of Prior Period, Reclassification, Adjustment [Member]
Current assets:
Cash	[1]	(30,000,000)
Accounts receivable	[1],[2]	(21,617,472)
Prepaid expenses	[1],[2]	9,000,000
Other current assets
Total current assets
Long-term assets
Total assets
Current liabilities:
Trade payables
Deferred revenue	[1]	500,000
Notes payable - current
Accrued interest
Accrued and other expenses	[3]	(112,647)
Total current liabilities
Long-term liabilities:
Other long term liabilities
Total long-term liabilities
Total liabilities
Commitments and contingencies
Equity
Controlling Interest
Preferred Stock, par value $0.001, 1,000,000 shares authorized, none issued and outstanding
Common stock, par value $0.001, 500,000,000 shares authorized, 50,256,317 and 22,658,006 issued and outstanding as of December 31, 2021 and 2020, respectively		3,448
Additional paid-in capital	[4]	(1,049,206)
Accumulated other comprehensive loss
Accumulated deficit	[5]	(41,955,620)
Total Lottery.com Inc. stockholders’ equity
Noncontrolling interest
Total Equity
Total liabilities and stockholders’ equity
Revenue	[1],[2]	(52,117,472)
Cost of revenue	[1],[2]	(11,000,000)
Gross profit
Other expenses
Loss from operations
Interest expense
Reserve loss of prepaid advertising credits	[1],[2]	2,000,000
Other expense
Total other expenses, net
Net loss before income tax
Income tax expense (benefit)	[6]	(112,646)
Other comprehensive loss
Comprehensive loss
Net income attributable to noncontrolling interest
Net loss attributable to Lottery.com Inc.	[5]	$ (41,955,620)
Net loss per common share
Basic and diluted
Weighted average common shares outstanding
Basic and diluted
Cash flow from operating activities
Net loss attributable to Lottery.com Inc.	[5]	$ (41,955,620)
Adjustments to reconcile net loss to net cash used in operating activities:	[7]	(1,049,206)
Changes in assets & liabilities:
Accounts receivable	[1],[2]	21,617,472
Prepaid expenses	[1],[2]	(9,000,000)
Other current assets		(100,000)
Trade payables		(386,013)
Deferred revenue	[1],[2]	365,293
Accrued and other expenses		(779,910)
Net cash provided by operating activities
Cash flow from investing activities
Purchases of property and equipment		696
Purchases of intangible assets		4,674,156
Investment in subsidiary, net		(3,386,868)
Cash flow from financing activities
Net cash provided by financing activities
Net change in net cash and restricted cash		(30,000,000)
Cash and restricted cash at beginning of period
Cash and restricted cash at end of period
[1]On January 4, 2022, AutoLotto entered into a Business Loan Agreement (the “Business Loan”) with The Provident Bank (“Provident”), pursuant to which the Company borrowed $ 30,000,000 30,000,000 30,000,000 30,000,000 30,000,000 2,000,000 2,000,000 2,000,000 1,049,206 5,000,000 5,000,000 500,000 500,000 500,000 4,500,000 500,000 5,000,000 3,832,431 3,448,066

Schedule of Restatements of F_2

Schedule of Restatements of Financial Statements (Details) (Parenthetical) - USD ($)		1 Months Ended	3 Months Ended	12 Months Ended
		Oct. 31, 2021	Mar. 31, 2022	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Jan. 04, 2022
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Preferred stock, par value					$ 0.001	$ 0.001
Preferred stock, shares authorized					1,000,000	1,000,000
Preferred Stock, shares issued					0	0
Preferred stock, shares outstanding					0	0
Common stock, par value					$ 0.001	$ 0.001
Common stock, shares authorized					500,000,000	500,000,000
Common stock, shares issued					50,256,317	22,658,006
Common stock, shares outstanding					50,256,317	22,658,006
Loan evidenced amount						$ 10,364,302
Decrease in accounts receivable and revenue					17,117,472
Accounts receivable					(18,852)
Decreased prepaid expenses					878,504	(295,772)
Reserve loss of prepaid advertising credits					2,000,000
Deferred revenue					1,162,335	7,763,593
Accounts receivable					(79,181)	(26,195)
Deferred revenue					$ (6,735,965)	$ 7,647,305
Restricted Stock [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Number of shares grant					3,832,431
Revision of Prior Period, Reclassification, Adjustment [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Accounts receivable	[1],[2]				$ 21,617,472
Decreased prepaid expenses	[1],[2]				9,000,000
Accrued expense and other expenses					112,647
Decrease in revenue					52,117,472
Increasse in cost of revenue					11,000,000
Prepaid advertising credits					2,000,000
Reserve loss of prepaid advertising credits	[1],[2]				2,000,000
Deferred revenue	[2]				500,000
Accounts receivable	[1],[2]				21,617,472
Deferred revenue	[1],[2]				365,293
Subsequent Event [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Common stock, shares issued				7,619,207
Common stock, shares outstanding				7,619,207
Decrease in accounts receivable and revenue			$ 18,539,472
Decreased stock-compensation expense				$ 1,049,206
Advertising Credits [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Invoice amount					17,117,472
Advertising Credits [Member] | Revision of Prior Period, Reclassification, Adjustment [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Decreased prepaid expenses					2,000,000
Advertising Credits [Member] | Subsequent Event [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Invoice amount			$ 18,539,472
Business Loan Agreement [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Loan evidenced amount							$ 30,000,000
Debt instrument, debt default, amount							30,000,000
Business Loan Agreement [Member] | October Twelve Two Thousand Twenty Two [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Debt instrument unused amount							30,000,000
Business Loan Agreement [Member] | Promissory Note [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Loan evidenced amount							30,000,000
Business Loan Agreement [Member] | Business Loan [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Debt instrument, collateral amount							$ 30,000,000
Agreement With Customer [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Invoice amount					5,000,000
Contract with customer revenue recognized					5,000,000
Amount received for services provided to customer		$ 500,000			500,000
Deferred revenue					500,000
Agreement With Customer [Member] | Revision of Prior Period, Reclassification, Adjustment [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Decrease in revenue					5,000,000
Accounts receivable					4,500,000
Deferred revenue					$ 500,000
[1]After reexamination of various transactions that occurred in 2021 and which were later rescinded or canceled in 2022, the Company has restated revenue on its financial statements for the year ended December 31, 2021, to reflect a change in the recognition of income in accordance with Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) 606[2]On January 4, 2022, AutoLotto entered into a Business Loan Agreement (the “Business Loan”) with The Provident Bank (“Provident”), pursuant to which the Company borrowed $ 30,000,000 30,000,000 30,000,000 30,000,000 30,000,000

Schedule of Tangible and Intang

Schedule of Tangible and Intangible Assets Acquisition (Details) - USD ($)	Dec. 31, 2021	Jun. 30, 2021	Dec. 31, 2020
Business Combination and Asset Acquisition [Abstract]
Cash		$ 517,460
Accounts receivable, net		34,134
Prepaids		5,024
Property and equipment, net		2,440
Other assets, net		65,349
Intangible assets		8,590,000
Goodwill	$ 19,590,758	4,940,643	$ 12,997,048
Total assets		14,155,051
Accounts payable and other liabilities		(387,484)
Customer deposits		(134,707)
Related party loan		(417,017)
Total liabilities		(939,208)
Total net assets of Acquirees		$ 13,215,843

Schedule of Intangible Assets A

Schedule of Intangible Assets Acquired (Details)	Dec. 31, 2021 USD ($)
Acquired Indefinite-Lived Intangible Assets [Line Items]
Intangible assets	$ 8,590,000
Customer Relationships [Member]
Acquired Indefinite-Lived Intangible Assets [Line Items]
Intangible assets	410,000
Gaming Approvals [Member]
Acquired Indefinite-Lived Intangible Assets [Line Items]
Intangible assets	4,020,000
Trademarks and Trade Names [Member]
Acquired Indefinite-Lived Intangible Assets [Line Items]
Intangible assets	2,540,000
Technology [Member]
Acquired Indefinite-Lived Intangible Assets [Line Items]
Intangible assets	$ 1,620,000

Schedule of Business Combinatio

Schedule of Business Combination Pro Forma Information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Business Acquisition [Line Items]
Total revenues	$ 16,409,922	$ 7,459,514
Total revenues, proforma	18,372,292
Net income (loss)	(52,910,646)	(5,812,663)
Net income (loss), proforma	(50,876,634)
Net income (loss) attributable to shareholders	(53,048,225)	$ (5,812,663)
Net income (loss) attributable to shareholders, proforma	$ (51,013,558)
Net income (loss) per common share :Basic and diluted, proforma	$ (1.96)
Weighted average common shares outstanding: Basic and diluted	25,998,831	22,658,006
Weighted average common shares outstanding: Basic and diluted, proforma	$ 25,998,831
Global Gaming Acquisition [Member]
Business Acquisition [Line Items]
Total revenues	$ 1,962,370
Net income (loss)	(86,162)
Net income (loss) attributable to shareholders	(86,162)
Parent Company [Member]
Business Acquisition [Line Items]
Total revenues	16,409,922
Net income (loss)	(50,790,472)
Net income (loss) attributable to shareholders	$ (50,927,396)
Net income (loss) per common share :Basic and diluted	$ (1.96)
Weighted average common shares outstanding: Basic and diluted	25,998,831

Business Combination (Details N

Business Combination (Details Narrative) - USD ($)			12 Months Ended
	Oct. 29, 2021	Jun. 01, 2018	Dec. 31, 2021	Dec. 31, 2020	Jun. 30, 2021
Business Acquisition [Line Items]
Gross proceeds			$ 42,794,000
Business acquisition, transaction costs			9,460,000
Repayments of debt			11,647,713	$ 890,287
Repayment of notes payable			5,475,000
Accrued underwriter fees			$ 5,593,000
Cash					$ 517,460
Number of shares issued for acquisition			687,439
Gross acquirees			$ 13,215,843
Deferred tax liabilities			$ 1,600,000
Global Gaming Acquisition [Member]
Business Acquisition [Line Items]
Ownership interest percent			20%
Global Gaming Enterprises Inc [Member]
Business Acquisition [Line Items]
Ownership interest percent			100%
Medios Electronicos [Member]
Business Acquisition [Line Items]
Ownership interest percent			80%
Global Gaming [Member]
Business Acquisition [Line Items]
Ownership interest percent			80%
Principal amount			$ 10,055,214
Business Combination Agreement [Member]
Business Acquisition [Line Items]
Number of eligible earnout shares			3,000,000
Common Stock [Member]
Business Acquisition [Line Items]
Number of eligible earnout shares		1,750,000
AutoLotto [Member]
Business Acquisition [Line Items]
Conversion of stock, shares converted	3.0058		9,764,511
Repayments of debt			$ 11,068,000
Preferred stock, dividend rate			$ 22.0848
Principal amount			$ 10,989,691
Cash			$ 10,530,000
Number of shares issued for acquisition			687,439
AutoLotto [Member] | Global Gaming [Member]
Business Acquisition [Line Items]
Shares price			$ 0.67
AutoLotto [Member] | Common Stock [Member] | Business Combination Agreement [Member]
Business Acquisition [Line Items]
Number of eligible earnout shares			6,000,000
AutoLotto [Member] | Series B Convertible Notes [Member]
Business Acquisition [Line Items]
Conversion of stock, shares converted			3,248,526
Convertible notes nayable			$ 63,800,000
TDAC Founders [Member] | Business Combination Agreement [Member]
Business Acquisition [Line Items]
Number of eligible earnout shares			2,000,000
TDAC Founders [Member] | Common Stock [Member] | Business Combination Agreement [Member]
Business Acquisition [Line Items]
Number of eligible earnout shares			4,000,000

Schedule of Property and equipm

Schedule of Property and equipment net (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Property, Plant and Equipment [Line Items]
Property and equipment	$ 2,040,032	$ 2,002,426
Accumulated depreciation	(1,898,753)	(1,331,474)
Property and equipment, net	141,279	670,952
Computers And Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment	113,151	85,004
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Property and equipment	23,760	14,301
Software [Member]
Property, Plant and Equipment [Line Items]
Property and equipment	$ 1,903,121	$ 1,903,121

Property and Equipment, net (De

Property and Equipment, net (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 560,246	$ 641,661

Schedule of Intangible Assets R

Schedule of Intangible Assets Related to Acquisition (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Cost basis	$ 940,000	$ 940,000
Less: accumulated amortization	(522,222)	(365,556)
Total Intangibles	417,778	574,444
Trade Names [Member]
Finite-Lived Intangible Assets [Line Items]
Cost basis	10,000	10,000
Less: accumulated amortization	(5,556)	(3,889)
Total Intangibles	4,444	6,111
Technology [Member]
Finite-Lived Intangible Assets [Line Items]
Cost basis	1,430,000	1,430,000
Less: accumulated amortization	(794,444)	(556,111)
Total Intangibles	635,556	873,889
Software Agreements [Member]
Finite-Lived Intangible Assets [Line Items]
Cost basis	2,000,000	2,000,000
Less: accumulated amortization	(1,277,777)	(944,444)
Total Intangibles	722,223	1,055,556
Playsino [Member]
Finite-Lived Intangible Assets [Line Items]
Cost basis	12,450,000
Less: accumulated amortization	(1,867,500)
Total Intangibles	10,582,500
Sports [Member]
Finite-Lived Intangible Assets [Line Items]
Cost basis	6,000,000
Less: accumulated amortization	(333,333)
Total Intangibles	5,666,667
Domain Name [Member]
Finite-Lived Intangible Assets [Line Items]
Cost basis	935,000	935,000
Less: accumulated amortization	(296,083)	(233,750)
Total Intangibles	638,917	$ 701,250
Customer Relationship [Member]
Finite-Lived Intangible Assets [Line Items]
Cost basis	410,000
Less: accumulated amortization	(34,167)
Total Intangibles	375,833
Trade Names [Member]
Finite-Lived Intangible Assets [Line Items]
Cost basis	2,540,000
Less: accumulated amortization	(211,667)
Total Intangibles	2,328,333
Technology One [Member]
Finite-Lived Intangible Assets [Line Items]
Cost basis	1,620,000
Less: accumulated amortization	(135,000)
Total Intangibles	1,485,000
Gaming Licenses [Member]
Finite-Lived Intangible Assets [Line Items]
Cost basis	4,020,000
Less: accumulated amortization	(335,000)
Total Intangibles	3,685,000
Internal Use Software Development [Member]
Finite-Lived Intangible Assets [Line Items]
Cost basis	111,951
Less: accumulated amortization	(23,323)
Total Intangibles	$ 88,628

Intangible assets, net (Details

Intangible assets, net (Details Narrative) - USD ($)	1 Months Ended		12 Months Ended
	Feb. 28, 2021	Mar. 31, 2017	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Feb. 15, 2021
Finite-Lived Intangible Assets [Line Items]
Principal amount							$ 12,450,000
Total purchase price	$ 6,000,000
Partially paid in cash	3,000,000
Convertible debt	$ 3,000,000					$ 8,892,665
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Amortization expense					68,333
Trade Names [Member]
Finite-Lived Intangible Assets [Line Items]
Amortization expense					423,333
Playsino [Member]
Finite-Lived Intangible Assets [Line Items]
Amortization expense					1,867,500
Except amortization expense					207,500
Sports [Member]
Finite-Lived Intangible Assets [Line Items]
Amortization expense					333,333
Technology One [Member]
Finite-Lived Intangible Assets [Line Items]
Amortization expense					270,000
Gaming Licenses [Member]
Finite-Lived Intangible Assets [Line Items]
Amortization expense					$ 670,000
Tin Bu Acquisition [Member] | Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated useful life					6 years
Amortization expense					$ 156,667	156,667
Except amortization expense					$ 104,444
Tin Bu Acquisition [Member] | Trade Names [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated useful life					6 years
Amortization expense					$ 1,667	1,667
Except amortization expense					$ 1,111
Tin Bu Acquisition [Member] | Technology Service [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated useful life					6 years
Tin Bu Acquisition [Member] | Technology [Member]
Finite-Lived Intangible Assets [Line Items]
Amortization expense					$ 238,333	238,333
Except amortization expense					$ 158,889
Tin Bu Acquisition [Member] | Software Agreements [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated useful life					6 years
Amortization expense					$ 333,333	333,333
Except amortization expense					55,556
Payments for software					2,000,000
Tin Bu Acquisition [Member] | Sports [Member]
Finite-Lived Intangible Assets [Line Items]
Amortization expense					400,000
Except amortization expense					66,667
Tin Bu Acquisition [Member] | Lotterycom [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated useful life		15 years
Amortization expense					62,333	$ 62,333
Except amortization expense					$ 15,588
Total purchase price		$ 935,000
Playsino [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated useful life					5 years
Playsino Inc [Member] | Playsino [Member]
Finite-Lived Intangible Assets [Line Items]
Amortization expense					$ 2,075,000
Sports [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated useful life	15 years
Lottery Com Domain Acquisition [Member] | Lotterycom [Member]
Finite-Lived Intangible Assets [Line Items]
Amortization expense					$ 62,333
Aganar And Juega Lotto [Member] | Subsequent Event [Member]
Finite-Lived Intangible Assets [Line Items]
Except amortization expense				$ 55,976
Aganar And Juega Lotto [Member] | Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated useful life					6 years
Amortization expense					$ 34,167
Except amortization expense					$ 34,167
Aganar And Juega Lotto [Member] | Trade Names [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated useful life					6 years
Amortization expense					$ 211,667
Except amortization expense					$ 211,667
Aganar And Juega Lotto [Member] | Technology [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated useful life					6 years
Aganar And Juega Lotto [Member] | Technology One [Member]
Finite-Lived Intangible Assets [Line Items]
Amortization expense					$ 135,000
Except amortization expense					$ 135,000
Aganar And Juega Lotto [Member] | Gaming Licenses [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated useful life					6 years
Amortization expense					$ 670,000
Except amortization expense					335,000
Aganar And Juega Lotto [Member] | Internal Use Software Development [Member]
Finite-Lived Intangible Assets [Line Items]
Amortization expense					23,323
Payments for software					$ 2,080,099
Aganar And Juega Lotto [Member] | Internal Use Software Development [Member] | Subsequent Event [Member]
Finite-Lived Intangible Assets [Line Items]
Except amortization expense			$ 32,652
Aganar And Juega Lotto [Member] | Internal Use Software Development [Member] | Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated useful life					2 years
Aganar And Juega Lotto [Member] | Internal Use Software Development [Member] | Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated useful life					10 years

Schedule of the outstanding bal

Schedule of the outstanding balances of the Series A and B notes (Details) - USD ($)	Dec. 31, 2021	Feb. 28, 2021	Dec. 31, 2020
Short-Term Debt [Line Items]
Total face value of convertible notes payable			$ 10,364,302
Less: unamortized beneficial conversion feature			(1,240,716)
Less: unamortized debt discount			(230,921)
Total convertible notes payable, net		$ 3,000,000	8,892,665
Less: current portion of convertible notes payable			(8,882,665)
Convertible notes payable, net of current portion			10,000
Series A Convertible Notes Payable [Member]
Short-Term Debt [Line Items]
Total face value of convertible notes payable			821,500
Series B Convertible Notes Payable [Member]
Short-Term Debt [Line Items]
Total face value of convertible notes payable			8,607,802
Secured Convertible Prommisory Note [Member]
Short-Term Debt [Line Items]
Total face value of convertible notes payable			$ 935,000

Notes Payable and Convertible_3

Notes Payable and Convertible Debt (Details Narrative) - USD ($)					1 Months Ended	3 Months Ended	12 Months Ended		26 Months Ended
	Oct. 29, 2021	Jun. 29, 2020	May 01, 2020	Aug. 28, 2018	Mar. 31, 2021	Oct. 31, 2017	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2020	Dec. 30, 2021	Aug. 31, 2020
Short-Term Debt [Line Items]
Notes payable								$ 10,364,302	$ 10,364,302
Accrued interest							176,260	721,717	721,717
loss on extinguishment							(115,788)
Series A Notes [Member]
Short-Term Debt [Line Items]
Notes payable						$ 821,500
Debt instrument, interest rate						10%
Debt instrument, maturity date						Dec. 31, 2021
Secured Convertible Note [Member]
Short-Term Debt [Line Items]
Notes payable							935,000
Convertible notes shares					1,398,221
Series A Notes [Member]
Short-Term Debt [Line Items]
Balance of convertible promissory note							0	821,500	821,500
Notes payable							771,500
Accrued interest							138,822
Series B Notes [Member]
Short-Term Debt [Line Items]
Notes payable							$ 38,893,733	$ 8,802,828	$ 8,802,828
Convertible notes shares	9,764,511
Debt instrument, interest rate							8%	8%	8%
Debt instrument, maturity date									Dec. 21, 2021
Balance of convertible promissory note							$ 0
Notes payable	$ 185,095						185,095
Accrued interest							35,184
Series B Notes [Member] | Unaffiliated Investors [Member]
Short-Term Debt [Line Items]
Notes payable							$ 10,000,000
Debt instrument, interest rate							6%
Series B Notes [Member] | Six Promissory Note Holders [Member]
Short-Term Debt [Line Items]
Notes payable							$ 3,552,114
loss on extinguishment							71,812
PPP Loan [Member[
Short-Term Debt [Line Items]
Debt instrument, description			the Company entered into a Promissory Note with Cross River Bank, which provides for a loan in the aggregate amount of $493,225, pursuant to the Paycheck Protection Program, (“PPP”). The PPP, established under Division A, Title I of the Coronavirus Aid, Relief and Economic Security Act (“CARES Act”) enacted on March 27, 2020, provides for loans to qualifying businesses for amounts up to 2.5 times of the average monthly payroll expenses of the qualifying business. The loans and accrued interest are forgivable after eight weeks as long as the borrower uses the loan proceeds for eligible purposes, including payroll, benefits, rent and utilities (“Qualified Expenses”), and maintains its payroll levels. On August 24, 2021, the PPP loan and accrued interest was forgiven by the U.S. Small Business Administration (“SBA”) in full. The Company recorded the full amount related to the forgiveness of the PPP loan as a gain on extinguishment of debt during our third quarter of fiscal year 2021
Short Term Loans [Member]
Short-Term Debt [Line Items]
Notes payable		$ 150,000
Debt instrument, interest rate		3.75%
Accrued interest							2,255
Debt Instrument, Term		30 years
Short Term Loans [Member] | Three Individuals [Member]
Short-Term Debt [Line Items]
Notes payable											$ 37,199
Balance of loan amount							$ 13,000	$ 17,700	$ 17,700
Notes Payable [Member] | TinBu LLC [Member]
Short-Term Debt [Line Items]
Notes payable				$ 12,674,635						$ 2,628,234
Debt instrument, interest rate				0%
Debt instrument, maturity date				Jan. 25, 2022
Notes payable								$ 11,067,643	$ 11,067,643
Debt instrument, description				The notes payable were modified during 2021 to extend the maturity to June 30, 2022 and modified the interest rate to include simple interest of 4.1% per annum effective October 1, 2021.

Schedule of Common Stock (Detai

Schedule of Common Stock (Details)	12 Months Ended
	Dec. 31, 2021 shares
Equity
Issuance of Common Stock in Reverse Merger (Note 4)	11,384,655
Issuance of Common Stock in Global Gaming Acquisition (Note 4)	687,439
Exercise of options (Note 9)	737,732
Exercise of warrants (See below)	177,684
Conversion of convertible debt (Note 7)	11,162,735
Total	24,150,245

Schedule of Common Stock Warran

Schedule of Common Stock Warrant (Details) - Common Stock Warrants [Member] - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Accumulated Other Comprehensive Income (Loss) [Line Items]
Number of Shares Outstanding, Beginning balance	573,359	573,359
Weighted Average Exercise Price Outstanding, Beginning balance	$ 0.28	$ 0.28
Weighted Average Remaining Contractual Life (years) Outstanding	4 years	4 years 9 months 18 days	5 years 9 months 18 days
Aggregate Intrinsic Value Outstanding, Beginning balance	$ 272,638	$ 272,638
Number of Shares Granted
Weighted Average Exercise Price Granted
Number of Shares Exercised	177,684
Weighted Average Exercise Price Granted	$ 0.66
Number of Shares Forfeited/cancelled
Weighted Average Exercise Price Granted
Number of Shares Exercised	(177,684)
Number of Shares Outstanding, Ending balance	395,675	573,359	573,359
Weighted Average Exercise Price Outstanding, Ending balance	$ 0.11	$ 0.28	$ 0.28
Aggregate Intrinsic Value Outstanding, Ending balance	$ 2,478,501	$ 272,638	$ 272,638
Number of Shares Exercisable, Ending balance	395,675
Weighted Average Exercise Price Outstanding, Ending balance	$ 0.11
Weighted Average Remaining Contractual Life (years) Exercisable	4 years
Aggregate intrinsic value, Exercisable Ending balance	$ 2,478,501

Stockholders_ Equity (Details N

Stockholders’ Equity (Details Narrative) - USD ($)		12 Months Ended
	Jun. 01, 2018	Dec. 31, 2021	Dec. 31, 2020
Accumulated Other Comprehensive Income (Loss) [Line Items]
Preferred stock authorized		1,000,000	1,000,000
Preferred stock par value		$ 0.001	$ 0.001
Preferred stock, shares issued		0	0
Preferred stock, shares outstanding		0	0
Common stock, shares authorized		500,000,000	500,000,000
Common stock, par value (in Dollars per share)		$ 0.001	$ 0.001
Voting rights		Holders of our Common Stock are entitled to one vote for each share held of record on all matters submitted to a vote of stockholders.
Common stock , shares outstanding		50,256,317	22,658,006
Number of trading days		20 days
Aggregate exercise price		$ 371,726
Additional paid in capital		8,480,697	1,405,341
Corresponding debt discount		$ 2,795,000
Trident Acquisitions Corp [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Number of additional shares issued		5,000,000
Public Warrant [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Warrant term		5 years
Share price		$ 0.01
Minimum days prior written notice of redemption		30 days
Share price		$ 16
Maximum trading days		30 days
Warrants outstanding		20,125,000
Share purchase		20,125,002
Purchase aggregate shares		395,675
Unit Purchase Option [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Proceeds from sale of option	$ 100
Share unit exercisable	1,750,000
Price per unit	$ 12
Aggregate exercise price	$ 21,000,000
Purchase options payment exercised expire date	May 29, 2023
Shares vested		1,750,000
Common Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Share purchase	1,750,000
Number of additional shares issued	1,750,000
Additional paid in capital
Common Stock Warrants [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Warrant term		4 years
Warrants outstanding		395,675

Schedule of Stock Option Activi

Schedule of Stock Option Activity (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Offsetting Assets [Line Items]
Outstanding Stock Awards, Exercised	(737,732)
Equity Option [Member]
Offsetting Assets [Line Items]
Shares Available for Grant, Balance	37,405	18,618
Outstanding Stock Awards, Balance	1,315,218	1,334,005
Weighted Average Exercise Price per Share, Balance	$ 0.30	$ 0.31
Weighted Average Remaining Contractual Life (years)	4 years 4 months 24 days	5 years 6 months	6 years 6 months
Aggregate Intrinsic Value, Balance	$ 362,841	$ 362,841
Shares Available for Grant Forfeited cancelled	231,825	18,786
Outstanding Stock Awards, Forfeited cancelled	(231,825)	(18,786)
Weighted Average Exercise Price per Share, Granted	$ (0.67)
Shares Available for Grant, Exercised
Outstanding Stock Awards, Exercised	(737,732)
Weighted Average Exercise Price per Share, Exercised	$ (0.28)
Weighted Average Exercise Price per Share, Forfeited cancelled	$ (0.65)
Shares Available for Grant Balance	269,229	37,405	18,618
Outstanding Stock Awards, Balance	345,661	1,315,218	1,334,005
Weighted Average Exercise Price per Share Balance	$ 0.97	$ 0.30	$ 0.31
Aggregate Intrinsic Value, Balance	$ 2,061,303	$ 362,841	$ 362,841
Shares Available for Grant Exercisable
Outstanding Stock Awards, Exercisable	345,661
Weighted Average Exercise Price per Share, Exercisable	$ 0.97
Weighted Average Remaining Contractual Life (years)s, Exercisable	4 years 4 months 24 days
Aggregate Intrinsic Value, Exercisable	$ 2,061,303

Schedule of Restricted Stock Aw

Schedule of Restricted Stock Awards Activity (Details) - Restricted Stock [Member]	12 Months Ended
	Dec. 31, 2021 $ / shares shares
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Shares available for nonvested, beginning balance | shares
Weighted average grant fair value, beginning balance | $ / shares
Shares available for nonvested, granted | shares	3,832,431
Weighted average grant fair value, beginning balance | $ / shares	$ 14.75
Shares available for nonvested, vested | shares
Weighted average grant fair value,vested | $ / shares
Shares available for nonvested, forfeited | shares
Weighted average grant fair value, forfeited | $ / shares
Shares available for nonvested, ending balance | shares	3,832,431
Weighted average grant fair value, ending balance | $ / shares	$ 14.75

Stock-based Compensation Expe_3

Stock-based Compensation Expense (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Unrecognized stock based compensation	$ 0
Stock compensation expense	$ 14,483,057	$ 16,099
Restricted Stock [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Vesting term	3 years 9 months
Unrecognized stock based compensation	$ 41,006,168
Number of shares grant	3,832,431
Stock compensation expense	$ 14,483,056
Employees [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Employee benefits and share-based compensation	10,077	9,417
Non Employees [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Employee benefits and share-based compensation	$ 0	$ 6,682
2015 Stock Option Plan [Member] | Equity Option [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock option, description	The maximum number of shares of Common Stock which may be issued over the term of the Plan shall not exceed Four Hundred Fifty Thousand (450,000). Options are exercisable over periods not to exceed 10 years (five years for incentive stock options granted to holders of 10% or more of voting stock) from the date of grant
Common stock subject to option percentage	20%
Vesting term	1 year
2021 Equity Incentive Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Purchase price of common stock, percent	5%
2021 Equity Incentive Plan [Member] | Common Class A [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Common stock, capital shares reserved for future issuance	13,130,368

Schedule of Basic and Diluted N

Schedule of Basic and Diluted Net Income Loss Per Share (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Net loss per common share
Comprehensive net loss attributable to stockholders	$ (53,048,225)	$ (5,812,663)
Weighted average common shares outstanding
Basic and diluted	25,998,831	22,658,006
Net loss per common share
Basic and diluted	$ (2.04)	$ (0.26)

Loss Per Share (Details Narrati

Loss Per Share (Details Narrative) - shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Stock Options [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive, shares	345,661	1,315,218
Convertible Debt [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive, shares	2,012,774
Restricted Awards [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive, shares	3,832,431
Warrant [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive, shares	3,869,305	537,359
Earn Out Shares [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive, shares	1,726,027
Unit Purchase Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive, shares	604,110

Schedule of Pre-tax Income (Los

Schedule of Pre-tax Income (Loss) by Jurisdiction (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Domestic	$ (55,259,603)	$ (5,811,863)
Foreign	684,622
Total	$ (54,574,981)	$ (5,811,863)

Schedule of Income Tax for Cont

Schedule of Income Tax for Continuing Operations (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Federal	$ (16,846)
State	5,578	800
Foreign
Total current income taxes	(11,268)	800
Federal	(1,757,535)
State
Foreign	104,467
Total deferred income taxes	(1,653,067)	800
Valuation allowance
Total income tax expense (benefit)	$ (1,664,335)	$ 800

Schedule of Increase in the Val

Schedule of Increase in the Valuation Allowance (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Tax Expense at statutory federal rate of 21%	$ (11,460,747)	$ (1,069,636)
State income taxes, net of federal income tax benefit
Foreign rate differential	127,739
Permanent differences	2,106,611	359,450
Other – Miscellaneous		40
Change in valuation allowance	7,562,061	710,946
Total income tax expense (benefit)	$ (1,664,335)	$ 800

Schedule of Increase in the V_2

Schedule of Increase in the Valuation Allowance (Details) (Parenthetical)	12 Months Ended
	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Tax Expense at statutory federal rate	21%

Schedule of Deferred Tax Assets

Schedule of Deferred Tax Assets and Liabilities (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Federal net operating loss carryforwards	$ 20,145,126	$ 13,211,841
Foreign net operating loss carryforwards	(321,331)
Stock compensation	3,308,116
Fixed assets		6,648
Intangible assets		121,333
Other	19,540	170,880
Total deferred tax assets before valuation allowance	23,151,451	13,510,703
Fixed assets	336,699
Intangible assets	1,452,273
Total deferred tax liabilities	1,788,972
Valuation allowance	(21,362,480)	(13,510,703)
Net deferred tax assets and liabilities

Income Taxes (Details Narrative

Income Taxes (Details Narrative)	12 Months Ended
	Dec. 31, 2021 USD ($)
Operating Loss Carryforwards [Line Items]
Recording of related deferred tax liabilities	$ 1,600,000
Increase in valuation allowance	7,852,000
Net operating loss carryforwards	91,739,683
Expires Between 2034 and 2037 [Member]
Operating Loss Carryforwards [Line Items]
Net operating loss carryforwards	27,018,316
No Expiration [Member]
Operating Loss Carryforwards [Line Items]
Net operating loss carryforwards	$ 64,721,367

Schedule of Future Minimum Rent

Schedule of Future Minimum Rent Payments Due Under Non Cancellable Leases (Details)	Dec. 31, 2021 USD ($)
Commitments and Contingencies Disclosure [Abstract]
2022	$ 184,154
2023	135,222
2024	30,404
Total	$ 349,780

Commitments and Contingencies_2

Commitments and Contingencies (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2018
Commitments and Contingencies Disclosure [Abstract]
Participation interests			$ 285,000,000
Percentage of raffle revenue net			7%
Obligation to pay digital securities amount	$ 5,632	$ 17,937
Operating leases, rent expense	$ 206,471	$ 49,202

Related Party Transactions (Det

Related Party Transactions (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Related party costs		$ 4,700
Service Agreement [Member[
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Capital expenditure	$ 100,000
Service Agreement [Member[ | Maximum [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Reimbursement expenses	$ 5,000
Related Party [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Due from related parties, current		$ 13,000

Schedule of Revenue Disaggregat

Schedule of Revenue Disaggregation (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Disaggregation of Revenue [Line Items]
Total	$ 16,409,922	$ 7,459,514
Gaming [Member]
Disaggregation of Revenue [Line Items]
Total	8,506,176	3,069,373
Other [Member]
Disaggregation of Revenue [Line Items]
Total	$ 7,903,746	$ 4,390,141

Subsequent Events (Details Narr

Subsequent Events (Details Narrative) - USD ($)								12 Months Ended
	Mar. 13, 2023	Feb. 28, 2023	Feb. 13, 2023	Jan. 20, 2023	Dec. 07, 2022	Jul. 29, 2022	Jul. 21, 2022	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Subsequent Event [Line Items]
Common stock, shares issued									50,256,317	22,658,006
Common stock, shares outstanding									50,256,317	22,658,006
Subsequent Event [Member]
Subsequent Event [Line Items]
Outstanding payroll obligations						$ 1,400,000
Other commitments description						In the Streicher Complaint, the Company alleged that Streicher breached the contract entered into by the parties on March 9, 2022 and demanded that Streicher return $16,500,000.00 it owed to the Company. On September 26, 2022, the Chancery Court entered an order in favor of the Company, Granting with Modifications Company’s Motion for Partial Summary Judgment in the amount of $16,500,000.00 (the “Streicher Judgment”). On October 27, 2022, the Chancery Court further awarded the Company $397,036.94 in attorney’s fees (the “Fee Order”). On November 15, 2022, the Company initiated efforts against Streicher to seek collections on the Judgment. On December 8, 2022, the Company’s prior attorney Skadden, Arps, Slate, Meagher & Flom, LLP (“Skadden”) filed its Combined Motion to Withdraw as Counsel and For a Charging Lien in amount of $3,024,201.17 for legal fees unpaid by Company (“Skadden’s Motion”).
Judgement fees		$ 75,000	$ 50,000	$ 75,000
Common stock, shares issued								7,619,207
Common stock, shares outstanding								7,619,207
Exercise price								$ 0.28
Legal Fees	$ 4,600,000
Subsequent Event [Member] | Woodford Eurasia Assets Ltd [Member]
Subsequent Event [Line Items]
Line of credit, description					Woodford agreed to fund up to $2.5 million, subject to certain conditions and requirements, of which approximately $1.25 million has been received to date and $1.25 million is currently owed pursuant to the terms of the agreement, upon request from the Company. The parties may also mutually agree to increase the amount of the funding to $52.5 million (i.e., an additional $50 million). Amounts borrowed accrue interest at the rate of 12% per annum (22% per annum upon the occurrence of an event of default) and are due within 12 months of the date of each loan.
Maximum borrowing capacity					$ 2,500,000
Proceeds from line of credit					1,250,000
Current borrowing capacity					1,250,000
Increase in line of credit					$ 52,500,000
Concentration Risk, Lender					Amounts borrowed pursuant to the Loan Agreement are convertible into the Company’s common stock, beginning 60 days after the first loan date, at the option of the lender, at the rate of 80% of the lowest publicly available price per share of Company common stock within 10 business days of the date of the agreement (which was equal to $0.28 per share), subject to a 4.99% beneficial ownership limitation and a separate limitation preventing the holder from holding more than 19.99% of the issued and outstanding common stock of the Company, without the Company obtaining shareholder approval for such issuance
Loan agreement description					(a) making any loan in excess of $1 million or obtaining any loan in amount exceeding $1 million without the consent of Woodford, which may not be unreasonably withheld; (b) selling more than $1 million in assets; (c) maintaining less than enough assets to perform our obligations under the Loan Agreement; (d) encumbering any assets, except in the normal course of business, and not in an amount to exceed $1 million; (e) amending or restating our governing documents; (f) declaring or paying any dividend; (g) issuing any shares which negatively affects Woodford; and (h) repurchasing any shares.
Harry Dhaliwal [Member]
Subsequent Event [Line Items]
Compensation paid									$ 209,550
Discretionary bonus								$ 50,000
Mr. DiMatteo [Member] | Subsequent Event [Member]
Subsequent Event [Line Items]
Compensation paid							$ 1,000