v3.24.3
SCHEDULE OF CONSOLIDATED STATEMENTS OF CASH FLOWS (RESTATED) (Details) - USD ($)
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flow from operating activities              
Net loss attributable to Lottery.com Inc. $ (5,969,321) $ (4,218,088) $ (11,678,299) $ (7,478,525) $ (25,537,315) $ (59,999,072)  
Adjustments to reconcile net loss to net cash used in operating activities:              
Net income attributable to noncontrolling interest     (88,359) (139,866) 279,747 (379,916)  
Depreciation and amortization     2,615,728 2,796,518 5,691,379 5,601,374  
Stock-based compensation expense         2,093,199 27,949,257  
Changes in assets & liabilities:              
Accounts receivable     (215,894) 39,165 184,406 (129,465)  
Prepaid expenses     (29,125) 17,158 389,164 3,487,315  
Other current assets     (261,451) (41,630) (189,082) (492,351)  
Other current assets     261,451 41,630 189,082 492,351  
Trade payables     84,844 186,659 384,169 6,601,098  
Deferred revenue     (53,571) (53,572) (107,143) (698,049)  
Accrued interest     216,369 528 374,703 307,912  
Accrued interest     (216,369) (528) (374,703) (307,912)  
Other liabilities     616,556 542,083 625,028  
Other long term assets     125,000 (1,169)  
Net cash used by operating activities     (1,446,044) (575,962) (2,109,222) (31,272,729)  
Net cash provided by operating activities     (1,446,044) (575,962) (2,109,222) (31,272,729)  
Cash flow from investing activities              
Net cash used in investing activities     (1,252,088)  
Cash flow from financing activities              
Proceeds from issuance of notes payable     964,985 675,906      
Net cash provided by financing activities     964,985 675,906 2,270,993 (15,664)  
Effect of exchange rate changes on cash     149,185 (148,351) 95,289 4,277  
Net change in net cash and restricted cash     (331,874) (48,407) 257,060 (32,536,204)  
Cash and restricted cash at beginning of period     359,826 102,766 102,766 32,638,970  
Cash and restricted cash at end of period 27,952 54,359 27,952 54,359 359,826 102,766 $ 32,638,970
Deferred tax liabilities             1,600,000
Income tax benefit 4,150 8,300   60,000 23,364 1,653,067
Goodwill $ 11,227,491   11,227,491   11,227,491 19,590,758 1,653,067
Convertible debt             81,464
State taxes expense          
State and Local Jurisdiction [Member]              
Cash flow from financing activities              
State taxes expense         60,000    
Maximum [Member]              
Cash flow from financing activities              
Convertible debt             $ 48,925
Previously Reported [Member]              
Cash flow from operating activities              
Net loss attributable to Lottery.com Inc.         (24,664,751)    
Adjustments to reconcile net loss to net cash used in operating activities:              
Net income attributable to noncontrolling interest         (72,227)    
Depreciation and amortization         4,498,477    
Stock-based compensation expense         2,093,199    
Loss on impairment of intangibles         7,510,000    
Changes in assets & liabilities:              
Accounts receivable         (184,406)    
Prepaid expenses         (389,164)    
Other current assets         107,398    
Other current assets         (107,398)    
Trade payables         401,901    
Deferred revenue         (107,143)    
Accrued interest         (383,064)    
Accrued interest         383,064    
Accrued and other expenses         6,892,501    
Other liabilities         445,205    
Other long term assets         125,000    
Prior period adjustments to Accumulated Deficit (8)         0    
Net cash used by operating activities         (2,028,602)    
Net cash provided by operating activities         (2,028,602)    
Cash flow from investing activities              
Net cash used in investing activities            
Cash flow from financing activities              
Proceeds from issuance of notes payable         2,319,918    
Net cash provided by financing activities         2,319,918    
Effect of exchange rate changes on cash         (34,256)    
Net change in net cash and restricted cash         257,060    
Cash and restricted cash at beginning of period     359,826 102,766 102,766    
Cash and restricted cash at end of period         359,826 102,766  
Income tax benefit            
Goodwill         12,880,558    
Restated [Member]              
Cash flow from operating activities              
Net loss attributable to Lottery.com Inc.         (25,537,315)    
Adjustments to reconcile net loss to net cash used in operating activities:              
Net income attributable to noncontrolling interest         279,747    
Depreciation and amortization         5,691,379    
Stock-based compensation expense         2,093,199    
Loss on impairment of intangibles         6,710,200    
Changes in assets & liabilities:              
Accounts receivable         (184,406)    
Prepaid expenses         (389,164)    
Other current assets         189,082    
Other current assets         (189,082)    
Trade payables         384,169    
Deferred revenue         (107,143)    
Accrued interest         (374,703)    
Accrued interest         374,703    
Accrued and other expenses         6,982,419    
Other liabilities         542,083    
Other long term assets         125,000    
Prior period adjustments to Accumulated Deficit (8)         (32,151)    
Net cash used by operating activities         (2,109,222)    
Net cash provided by operating activities         (2,109,222)    
Cash flow from investing activities              
Net cash used in investing activities            
Cash flow from financing activities              
Proceeds from issuance of notes payable         2,270,993    
Net cash provided by financing activities         2,270,993    
Effect of exchange rate changes on cash         95,289    
Net change in net cash and restricted cash         257,060    
Cash and restricted cash at beginning of period     $ 359,826 $ 102,766 102,766    
Cash and restricted cash at end of period         359,826 $ 102,766  
Income tax benefit         60,000    
Goodwill         11,227,491    
Revision of Prior Period, Adjustment [Member]              
Cash flow from operating activities              
Net loss attributable to Lottery.com Inc.         (872,564)    
Adjustments to reconcile net loss to net cash used in operating activities:              
Net income attributable to noncontrolling interest         351,974    
Depreciation and amortization         1,192,902    
Loss on impairment of intangibles         (799,800)    
Changes in assets & liabilities:              
Other current assets         81,684    
Other current assets         (81,684)    
Trade payables         (17,732)    
Accrued interest         8,361    
Accrued interest         (8,361)    
Accrued and other expenses         89,918    
Other liabilities         96,878    
Prior period adjustments to Accumulated Deficit (8)         32,151    
Net cash used by operating activities         80,620    
Net cash provided by operating activities         80,620    
Cash flow from financing activities              
Proceeds from issuance of notes payable         48,925    
Effect of exchange rate changes on cash         129,545    
Income tax benefit         $ 60,000