2022 Q4 Form 10-K Financial Statement

#000149315223021506 Filed on June 15, 2023

View on sec.gov

Income Statement

Concept 2022 Q4 2022 2021
Revenue $551.7K $6.779M $68.53M
YoY Change -97.43% -90.11% 818.66%
Cost Of Revenue $77.50K $4.311M $19.16M
YoY Change -97.6% -77.5% 548.92%
Gross Profit $474.2K $2.468M $49.37M
YoY Change -97.4% -95.0% 995.36%
Gross Profit Margin 85.95% 36.41% 72.04%
Selling, General & Admin $2.467M $52.66M $34.89M
YoY Change -88.37% 50.95% 421.93%
% of Gross Profit 520.17% 2133.43% 70.66%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.452M $5.601M $4.293M
YoY Change 4.55% 30.49% 179.83%
% of Gross Profit 306.15% 226.93% 8.7%
Operating Expenses $3.919M $58.26M $39.18M
YoY Change -82.67% 48.71% 376.74%
Operating Profit -$3.444M -$55.80M $10.19M
YoY Change -20.78% -647.58% -374.61%
Interest Expense -$690.3K -$764.8K -$19.79M
YoY Change -93.41% -96.14% 1519.52%
% of Operating Profit -194.2%
Other Income/Expense, Net $225.0K -$4.486M -$2.836M
YoY Change -117.99% 58.2% 222.58%
Pretax Income -$3.910M -$60.28M -$12.51M
YoY Change -75.67% 381.97% 115.19%
Income Tax $34.26K $104.4K -$1.552M
% Of Pretax Income
Net Earnings -$4.002M -$60.00M -$11.09M
YoY Change -72.69% 440.93% 90.82%
Net Earnings / Revenue -725.36% -885.08% -16.19%
Basic Earnings Per Share -$1.19 -$2.04
Diluted Earnings Per Share -$0.08 -$0.70 -$237.0K
COMMON SHARES
Basic Shares Outstanding 46.83M shares 22.89M shares
Diluted Shares Outstanding 50.44M shares 26.00M shares

Balance Sheet

Concept 2022 Q4 2022 2021
SHORT-TERM ASSETS
Cash & Short-Term Investments $102.8K $102.8K $62.64M
YoY Change -99.84% -99.84% 1537.4%
Cash & Equivalents $102.8K
Short-Term Investments $0.00
Other Short-Term Assets $718.6K $20.13M $14.12M
YoY Change -94.91% 42.52% -52.53%
Inventory
Prepaid Expenses $19.41M
Receivables $208.6K $208.7K $21.70M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $20.44M $20.44M $98.46M
YoY Change -79.24% -79.24% 193.01%
LONG-TERM ASSETS
Property, Plant & Equipment $108.1K $108.1K $141.3K
YoY Change -23.5% -23.5% -78.94%
Goodwill $19.59M
YoY Change 0.0%
Intangibles $23.98M
YoY Change -16.47%
Long-Term Investments $250.0K $250.0K $250.0K
YoY Change 0.0% 0.0% 0.0%
Other Assets $13.01M $13.01M
YoY Change
Total Long-Term Assets $58.94M $58.94M $48.69M
YoY Change 21.05% 21.05% 184.27%
TOTAL ASSETS
Total Short-Term Assets $20.44M $20.44M $98.46M
Total Long-Term Assets $58.94M $58.94M $48.69M
Total Assets $79.38M $79.38M $147.2M
YoY Change -46.06% -46.06% 190.06%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $7.608M $7.608M $1.007M
YoY Change 655.82% 655.82% -53.76%
Accrued Expenses $5.111M $5.111M $4.705M
YoY Change 8.63% 8.63% 53.91%
Deferred Revenue
YoY Change
Short-Term Debt $3.756M $3.756M $3.771M
YoY Change -0.42% -0.42% -69.11%
Long-Term Debt Due $0.00
YoY Change -100.0%
Total Short-Term Liabilities $17.56M $17.56M $10.15M
YoY Change 73.12% 73.12% -70.24%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Other Long-Term Liabilities $0.00 $0.00 $1.170K
YoY Change -100.0% -100.0%
Total Long-Term Liabilities $0.00 $0.00 $1.170K
YoY Change -100.0% -100.0% -88.3%
TOTAL LIABILITIES
Total Short-Term Liabilities $17.56M $17.56M $10.15M
Total Long-Term Liabilities $0.00 $0.00 $1.170K
Total Liabilities $17.56M $19.96M $12.93M
YoY Change 35.87% 54.44% -62.09%
SHAREHOLDERS EQUITY
Retained Earnings -$208.0M
YoY Change 40.36%
Common Stock $50.54K
YoY Change 0.57%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $59.42M $59.42M $134.2M
YoY Change
Total Liabilities & Shareholders Equity $79.38M $79.38M $147.2M
YoY Change -46.06% -46.06% 190.06%

Cashflow Statement

Concept 2022 Q4 2022 2021
OPERATING ACTIVITIES
Net Income -$4.002M -$60.00M -$11.09M
YoY Change -72.69% 440.93% 90.82%
Depreciation, Depletion And Amortization $1.452M $5.601M $4.293M
YoY Change 4.55% 30.49% 179.83%
Cash From Operating Activities -$30.47M -$31.27M $8.102M
YoY Change -297.1% -485.99% 72.49%
INVESTING ACTIVITIES
Capital Expenditures $3.200K $127.3K -$5.220M
YoY Change -100.29% -102.44% 23714.87%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 -$10.01M
YoY Change -100.0%
Cash From Investing Activities -$3.200K -$1.252M -$15.23M
YoY Change -99.71% -91.78% 69392.52%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $42.79M $371.7K
YoY Change 11412.12%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 463.4K -$15.66K 58.99M
YoY Change -99.02% -100.03% 892.87%
NET CHANGE
Cash From Operating Activities -30.47M -$31.27M 8.102M
Cash From Investing Activities -3.200K -$1.252M -15.23M
Cash From Financing Activities 463.4K -$15.66K 58.99M
Net Change In Cash -30.01M -$32.54M 51.86M
YoY Change -148.83% -162.73% 388.5%
FREE CASH FLOW
Cash From Operating Activities -$30.47M -$31.27M $8.102M
Capital Expenditures $3.200K $127.3K -$5.220M
Free Cash Flow -$30.48M -$31.40M $13.32M
YoY Change -283.78% -335.7% 182.31%

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CY2021 us-gaap Earnings Per Share Basic
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CY2021 us-gaap Increase Decrease In Accounts Receivable
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CY2021 us-gaap Increase Decrease In Prepaid Expense
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CY2021 us-gaap Increase Decrease In Other Current Assets
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CY2021 us-gaap Increase Decrease In Accounts Payable Trade
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CY2022 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
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CY2021 us-gaap Increase Decrease In Accrued Liabilities And Other Operating Liabilities
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IncreaseDecreaseInOtherLiabilities
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CY2022 LTRY Increase Decrease In Other Long Term Assets
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CY2022 us-gaap Increase Decrease In Other Operating Liabilities
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CY2021 us-gaap Increase Decrease In Other Operating Liabilities
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CY2021 us-gaap Net Cash Provided By Used In Operating Activities
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CY2021 us-gaap Payments To Acquire Property Plant And Equipment
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CY2021 us-gaap Payments To Acquire Intangible Assets
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CY2021 us-gaap Net Cash Provided By Used In Investing Activities
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CY2021 us-gaap Payments Of Debt Issuance Costs
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RepaymentsOfNotesPayable
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CY2021 us-gaap Repayments Of Debt
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CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CY2022 us-gaap Interest Paid Net
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CY2021 us-gaap Interest Paid Net
InterestPaidNet
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CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
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CY2021 us-gaap Stock Issued1
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CY2021 LTRY Noncash Capitalization Of Interest From Loan Extinguishment
NoncashCapitalizationOfInterestFromLoanExtinguishment
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CY2021 LTRY Purchase Of Intangible Assets Through Issuance Of Convertible Debt
PurchaseOfIntangibleAssetsThroughIssuanceOfConvertibleDebt
15450000 usd
CY2021 us-gaap Notes Issued1
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CY2021 us-gaap Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
4531250 usd
CY2021 LTRY Noncash Common Stock Issued As Part Of Acquisition
NoncashCommonStockIssuedAsPartOfAcquisition
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CY2021 LTRY Beneficial Conversion Feature On Notes Payable
BeneficialConversionFeatureOnNotesPayable
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CY2022 us-gaap Nature Of Operations
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<p id="xdx_806_eus-gaap--NatureOfOperations_zZMDKBAz57Z" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">  <span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>1. <span id="xdx_82A_zUVm68OS2BOa">Nature of Operations</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="text-decoration: underline">Description of Business</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">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.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">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<i>”</i>); (ii) offering an internally developed, created and operated business-to-business application programming interface (“API”) of the Platform to enable commercial partners in permitted U.S. and international jurisdictions to purchase certain legally operated lottery games from the Company and resell them to users located within their respective jurisdictions (“B2B API”); and (iii) delivering global lottery data, such as winning numbers and results, and sports data, such as scores and statistics, to commercial digital subscribers and provide access to other proprietary, anonymized transaction data pursuant to multi-year contracts (“Data Service”).</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">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.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On June 30, 2021, the Company acquired an 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.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">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 businesses (the “Plans for Recommencement of Company Operations”).</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">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.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"/></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2022Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-208000000 usd
CY2022Q4 LTRY Working Capital
WorkingCapital
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CY2022 us-gaap Net Income Loss
NetIncomeLoss
-60000000 usd
CY2022 us-gaap Operating Income Loss
OperatingIncomeLoss
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CY2021 us-gaap Operating Income Loss
OperatingIncomeLoss
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CY2022 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p id="xdx_846_eus-gaap--ConcentrationRiskCreditRisk_zqtC0LK1nTJ8" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="text-decoration: underline"><span id="xdx_864_zzTGr7sQb2Q">Concentration of Credit Risks</span></span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">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 $<span id="xdx_90F_eus-gaap--ConcentrationRiskCreditRiskUninsuredDeposits_c20230429__20230430_zWxjGzxsp4Ub" title="Concentration risk credit risk uninsured deposits">19,790</span> at April 30, 2023 are held in foreign banks. Management believes the risk of loss in connection with these accounts is minimal.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify; background-color: white"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2023Q2 us-gaap Concentration Risk Credit Risk Uninsured Deposits
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19,790
CY2022 us-gaap Use Of Estimates
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<p id="xdx_84F_eus-gaap--UseOfEstimates_zDXHkwj4zQAa" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="text-decoration: underline"><span id="xdx_862_z39JNNluYale">Use of Estimates</span></span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">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.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2022 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p id="xdx_84C_eus-gaap--PriorPeriodReclassificationAdjustmentDescription_zxClrayJkMn3" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span style="text-decoration: underline"><span id="xdx_86A_z9B31Yln6Hh6">Reclassifications</span></span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">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.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.4in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2021Q4 us-gaap Marketable Securities
MarketableSecurities
0 usd
CY2020Q4 us-gaap Marketable Securities
MarketableSecurities
0 usd
CY2021Q4 us-gaap Prepaid Advertising
PrepaidAdvertising
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CY2022Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
19409323 usd
CY2021Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
22896638 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
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CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
-11276978 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
23982495 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
34547050 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
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CY2022 us-gaap Income Tax Examination Likelihood Of Unfavorable Settlement
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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
CY2022 LTRY Audit Term
AuditTerm
P3Y
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
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CY2022 us-gaap Proceeds From Issuance Of Common Stock
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CY2022 us-gaap Noncontrolling Interest Increase From Business Combination
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CY2022Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Intangibles
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8590000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
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CY2021Q4 us-gaap Property Plant And Equipment Gross
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CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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2059219 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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CY2022Q4 us-gaap Property Plant And Equipment Net
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CY2021Q4 us-gaap Property Plant And Equipment Net
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CY2022 us-gaap Depreciation
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CY2021 us-gaap Depreciation
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CY2022 us-gaap Amortization Of Intangible Assets
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5440908 usd
CY2021 us-gaap Amortization Of Intangible Assets
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5836070 usd
CY2022 us-gaap Impairment Of Intangible Assets Indefinitelived Excluding Goodwill
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412450 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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5319214 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
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4876562 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
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4556562 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
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4556562 usd
CY2022Q4 LTRY Finite Lived Intangible Assets Amortization Expense Year Four Thereafter
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4673595 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Net
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23982495 usd
CY2021Q4 us-gaap Debt Instrument Interest Rate Stated Percentage
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0.06 pure
CY2022Q4 us-gaap Notes Payable
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2601370 usd
CY2021Q4 us-gaap Notes Payable
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CY2022Q4 us-gaap Preferred Stock Shares Authorized
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1000000 shares
CY2022Q4 us-gaap Preferred Stock Shares Issued
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0 shares
CY2022Q4 us-gaap Preferred Stock Shares Outstanding
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0 shares
CY2022Q4 us-gaap Common Stock Shares Authorized
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500000000 shares
CY2022Q4 us-gaap Common Stock Par Or Stated Value Per Share
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0.001
CY2022 us-gaap Common Stock Voting Rights
CommonStockVotingRights
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.
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
50540906 shares
CY2021Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
50256317 shares
CY2022 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
60000 shares
CY2022 us-gaap Stock Issued During Period Shares Stock Options Exercised
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60116 shares
CY2022 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
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164473 usd
CY2022 us-gaap Stock Issued During Period Shares Period Increase Decrease
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284589 shares
CY2022Q4 us-gaap Share Price
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16.00
CY2022 LTRY Number Of Trading Days
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P20D
CY2021Q4 LTRY Purchase Aggregate Shares
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395675 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
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395675 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Outstanding Number
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395675 shares
CY2022 us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
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P3Y8M12D
CY2021 us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
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P3Y8M12D
CY2022 us-gaap Debt Instrument Convertible Beneficial Conversion Feature
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8480697 usd
CY2022Q4 us-gaap Debt Instrument Unamortized Discount
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CY2022 us-gaap Employee Benefits And Share Based Compensation
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0 usd
CY2021 us-gaap Employee Benefits And Share Based Compensation
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CY2022 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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-32930867 usd
CY2021 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
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46832919 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
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22888700 shares
CY2022 us-gaap Earnings Per Share Diluted
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-0.70
CY2021 us-gaap Earnings Per Share Diluted
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-0.24
CY2022 us-gaap Income Tax Reconciliation Tax Contingencies Domestic
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-58379329 usd
CY2021 us-gaap Income Tax Reconciliation Tax Contingencies Domestic
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-55259603 usd
CY2022 us-gaap Income Tax Reconciliation Tax Contingencies Foreign
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-1899580 usd
CY2021 us-gaap Income Tax Reconciliation Tax Contingencies Foreign
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684622 usd
CY2022 us-gaap Income Tax Reconciliation Tax Contingencies
IncomeTaxReconciliationTaxContingencies
-60278909 usd
CY2021 us-gaap Income Tax Reconciliation Tax Contingencies
IncomeTaxReconciliationTaxContingencies
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CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-16846 usd
CY2022 us-gaap Current State And Local Tax Expense Benefit
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104356 usd
CY2021 us-gaap Current State And Local Tax Expense Benefit
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5578 usd
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
104356 usd
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
-11268 usd
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-1757535 usd
CY2021 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
104467 usd
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-1653067 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
104356 usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-1664335 usd
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21 pure
CY2022 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-12680485 usd
CY2021 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-11460747 usd
CY2022 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
34594 usd
CY2022 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-135255 usd
CY2021 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
127739 usd
CY2022 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
37919 usd
CY2021 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
2106611 usd
CY2022 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
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-12825669 usd
CY2021 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
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CY2022 us-gaap Income Tax Expense Benefit
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104356 usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-1664335 usd
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Domestic
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24838785 usd
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Domestic
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20145126 usd
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Foreign
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625440 usd
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Foreign
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-321330 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
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9136562 usd
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
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3308116 usd
CY2022Q4 us-gaap Deferred Tax Assets Other
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19540 usd
CY2021Q4 us-gaap Deferred Tax Assets Other
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19540 usd
CY2022Q4 us-gaap Deferred Tax Assets Gross
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34620327 usd
CY2021Q4 us-gaap Deferred Tax Assets Gross
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23151451 usd
CY2022Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
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-46035 usd
CY2021Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
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336699 usd
CY2022Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
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478213 usd
CY2021Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
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1452273 usd
CY2022Q4 us-gaap Deferred Income Tax Liabilities
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432178 usd
CY2021Q4 us-gaap Deferred Income Tax Liabilities
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1788972 usd
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
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34188149 usd
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
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21362480 usd
CY2022 us-gaap Deferred Taxes Business Combination Valuation Allowance Available To Reduce Income Tax Expense
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1600000 usd
CY2022 LTRY Increase Decrease In Valuation Allowance
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12825669 usd
CY2021Q4 us-gaap Operating Loss Carryforwards
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116408640 usd
CY2018Q4 LTRY Revenue Participation Interests
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285000000 usd
CY2018 LTRY Percentage Of Raffle Revenue Net
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0.07 pure
CY2021Q4 us-gaap Registration Payment Arrangement Accrual Carrying Value
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5632 usd
CY2022 us-gaap Payments For Rent
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173837 usd
CY2021 us-gaap Payments For Rent
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206471 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
135222 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
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30404 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due
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165626 usd
CY2020 us-gaap Related Party Costs
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4700 usd
CY2022Q4 us-gaap Due From Related Parties Current
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13000 usd
CY2021Q4 us-gaap Due From Related Parties Current
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13000 usd
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
6779057 usd
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
16409922 usd

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