10-Q Filing

LOTTERY.COM INC. CIK: 1673481 Q3 2020

Filing Information

Form Type	10-Q
Accession Number	`0001213900-20-037419`
Period End Date	20200930
Filing Date	20201116
Fiscal Year	2020
Fiscal Period	Q3
XBRL Instance	f10q0920_tridentacq_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 50 Cash Flow Statement 58 Stockholders Equity 30

Balance Sheet 68 line items

Line Item	Tag	Value	Unit	Period
Preferred stock par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$217.86K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$55.46K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Prepaid expenses	`PrepaidExpensesCurrent`	$102.92K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Prepaid expenses	`PrepaidExpensesCurrent`	$39.52K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	$12.19K	USD	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	-	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$269.56K	USD	Point-in-time
Common stock subject to possible redemption	`StockRedeemedOrCalledDuringPeriodShares1`	4.53M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$158.38K	USD	Point-in-time
Common stock subject to possible redemption	`StockRedeemedOrCalledDuringPeriodShares1`	6.08M	shares	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Marketable securities held in Trust Account	`AssetsHeldInTrustNoncurrent`	$63.15M	USD	Point-in-time
Marketable securities held in Trust Account	`AssetsHeldInTrustNoncurrent`	$74.38M	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Deferred tax asset	`DeferredIncomeTaxAssetsNet`	$163.94K	USD	Point-in-time
Common stock authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Security deposit	`SecurityDeposit`	$1.20K	USD	Point-in-time
Common stock issued	`CommonStockSharesIssued`	7.15M	shares	Point-in-time
Security deposit	`SecurityDeposit`	$1.20K	USD	Point-in-time
Common stock issued	`CommonStockSharesIssued`	7.44M	shares	Point-in-time
Common stock outstanding	`CommonStockSharesOutstanding`	7.44M	shares	Point-in-time
TOTAL ASSETS	`Assets`	$63.59M	USD	Point-in-time
Common stock outstanding	`CommonStockSharesOutstanding`	7.15M	shares	Point-in-time
TOTAL ASSETS	`Assets`	$74.54M	USD	Point-in-time
Account payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$159.38K	USD	Point-in-time
Account payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$314.24K	USD	Point-in-time
Income taxes payable	`TaxesPayableCurrent`	-	USD	Point-in-time
Income taxes payable	`TaxesPayableCurrent`	$679.43K	USD	Point-in-time
Promissory notes related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$3.83M	USD	Point-in-time
Promissory notes related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$2.30M	USD	Point-in-time
Promissory notes related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$180.00K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$1.02M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$4.14M	USD	Point-in-time
Deferred underwriting fee payable	`DeferredUnderwritingFeePayable`	$5.03M	USD	Point-in-time
Deferred underwriting fee payable	`DeferredUnderwritingFeePayable`	$5.03M	USD	Point-in-time
Total Liabilities	`Liabilities`	$9.17M	USD	Point-in-time
Total Liabilities	`Liabilities`	$6.05M	USD	Point-in-time
Commitments	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock subject to possible redemption, 4,528,985 and 6,076,290 shares at redemption value as of September 30, 2020 and December 31, 2019, respectively	`TemporaryEquityCarryingAmountAttributableToParent`	$49.42M	USD	Point-in-time
Common stock subject to possible redemption, 4,528,985 and 6,076,290 shares at redemption value as of September 30, 2020 and December 31, 2019, respectively	`TemporaryEquityCarryingAmountAttributableToParent`	$63.49M	USD	Point-in-time
Preferred stock, $0.001 par value; 1,000,000 shares authorized; none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.001 par value; 1,000,000 shares authorized; none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.001 par value; 100,000,000 shares authorized; 7,438,735 and 7,148,526 issued and outstanding (excluding 4,528,985 and 6,076,290 shares subject to possible redemption) as of September 30, 2020 and December 31, 2019, respectively	`CommonStockValue`	$7.15K	USD	Point-in-time
Common stock, $0.001 par value; 100,000,000 shares authorized; 7,438,735 and 7,148,526 issued and outstanding (excluding 4,528,985 and 6,076,290 shares subject to possible redemption) as of September 30, 2020 and December 31, 2019, respectively	`CommonStockValue`	$7.44K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.06M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.68M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$3.32M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$3.93M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$5.00M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$5.00M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$5.00M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$5.00M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$5.00M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$5.00M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$5.00M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$5.00M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$63.59M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$74.54M	USD	Point-in-time

Income Statement 50 line items

Line Item	Tag	Value	Unit	Period
Operating costs	`CostsAndExpenses`	$783.70K	USD	3 Qtrs
Operating costs	`CostsAndExpenses`	$532.73K	USD	1 Quarter
Excludes an aggregate of shares subject to redemption	`ExcludesAggregateOfSharesSubjectToRedemption`	4.51M	shares	3 Qtrs
Operating costs	`CostsAndExpenses`	$244.00K	USD	1 Quarter
Operating costs	`CostsAndExpenses`	$1.13M	USD	3 Qtrs
Excludes an aggregate of shares subject to redemption	`ExcludesAggregateOfSharesSubjectToRedemption`	19.17M	shares	3 Qtrs
Net loss per share - basic and diluted excludes income attributable to common stock subject to possible redemption	`NetLossPerShareBasicAndDilutedExcludesIncomeAttributableToCommonStockSubjectToPossibleRedemption`	873,692.00	shares	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-244.00K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-532.73K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-783.70K	USD	3 Qtrs
Net loss per share - basic and diluted excludes income attributable to common stock subject to possible redemption	`NetLossPerShareBasicAndDilutedExcludesIncomeAttributableToCommonStockSubjectToPossibleRedemption`	2.85M	shares	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-1.13M	USD	3 Qtrs
Net loss per share - basic and diluted excludes income attributable to common stock subject to possible redemption	`NetLossPerShareBasicAndDilutedExcludesIncomeAttributableToCommonStockSubjectToPossibleRedemption`	282,699.00	shares	3 Qtrs
Net loss per share - basic and diluted excludes income attributable to common stock subject to possible redemption	`NetLossPerShareBasicAndDilutedExcludesIncomeAttributableToCommonStockSubjectToPossibleRedemption`	0.00	shares	1 Quarter
Interest income	`InvestmentIncomeInterest`	$347.25K	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$338.50K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$2.82M	USD	3 Qtrs
Interest income	`InvestmentIncomeInterest`	$6.27K	USD	1 Quarter
Unrealized gain on marketable securities held in Trust Account	`MarketableSecuritiesUnrealizedGainLoss`	-	USD	3 Qtrs
Unrealized gain on marketable securities held in Trust Account	`MarketableSecuritiesUnrealizedGainLoss`	$800.74K	USD	1 Quarter
Unrealized gain on marketable securities held in Trust Account	`MarketableSecuritiesUnrealizedGainLoss`	-	USD	1 Quarter
Unrealized gain on marketable securities held in Trust Account	`MarketableSecuritiesUnrealizedGainLoss`	$951.25K	USD	3 Qtrs
Other income	`NonoperatingIncomeExpense`	$3.77M	USD	3 Qtrs
Other income	`NonoperatingIncomeExpense`	$1.14M	USD	1 Quarter
Other income	`NonoperatingIncomeExpense`	$347.25K	USD	3 Qtrs
Other income	`NonoperatingIncomeExpense`	$6.27K	USD	1 Quarter
(Loss) income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$895.24K	USD	1 Quarter
(Loss) income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-782.40K	USD	3 Qtrs
(Loss) income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$2.99M	USD	3 Qtrs
(Loss) income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-526.47K	USD	1 Quarter
Benefit from (provision for) income taxes	`IncomeTaxExpenseBenefit`	$171.88K	USD	1 Quarter
Benefit from (provision for) income taxes	`IncomeTaxExpenseBenefit`	$-163.94K	USD	1 Quarter
Benefit from (provision for) income taxes	`IncomeTaxExpenseBenefit`	$640.77K	USD	3 Qtrs
Benefit from (provision for) income taxes	`IncomeTaxExpenseBenefit`	$-163.94K	USD	3 Qtrs
Net (loss) income	`NetIncomeLoss`	$-255.63K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$723.36K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-618.46K	USD	3 Qtrs
Net (loss) income	`NetIncomeLoss`	$-305.00	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$827.48K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-362.53K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$794.82K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$2.35M	USD	3 Qtrs
Weighted average shares outstanding, basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	7.22M	shares	3 Qtrs
Weighted average shares outstanding, basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	7.29M	shares	1 Quarter
Weighted average shares outstanding, basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	7.11M	shares	1 Quarter
Weighted average shares outstanding, basic and diluted (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	7.09M	shares	3 Qtrs
Basic and diluted net loss per common share (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.07	USD	3 Qtrs
Basic and diluted net loss per common share (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	1 Quarter
Basic and diluted net loss per common share (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.12	USD	3 Qtrs
Basic and diluted net loss per common share (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.05	USD	1 Quarter

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income	`NetIncomeLoss`	$-255.63K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$723.36K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-618.46K	USD	3 Qtrs
Net (loss) income	`NetIncomeLoss`	$-305.00	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$827.48K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-362.53K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$794.82K	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$2.35M	USD	3 Qtrs
Interest earned on marketable securities held in Trust Account	`InvestmentIncomeInterest`	$347.25K	USD	3 Qtrs
Interest earned on marketable securities held in Trust Account	`InvestmentIncomeInterest`	$338.50K	USD	1 Quarter
Interest earned on marketable securities held in Trust Account	`InvestmentIncomeInterest`	$2.82M	USD	3 Qtrs
Interest earned on marketable securities held in Trust Account	`InvestmentIncomeInterest`	$6.27K	USD	1 Quarter
Unrealized gain on marketable securities held in Trust Account	`MarketableSecuritiesUnrealizedGainLoss`	-	USD	3 Qtrs
Unrealized gain on marketable securities held in Trust Account	`MarketableSecuritiesUnrealizedGainLoss`	$800.74K	USD	1 Quarter
Unrealized gain on marketable securities held in Trust Account	`MarketableSecuritiesUnrealizedGainLoss`	-	USD	1 Quarter
Unrealized gain on marketable securities held in Trust Account	`MarketableSecuritiesUnrealizedGainLoss`	$951.25K	USD	3 Qtrs
Deferred tax (benefit) provision	`DeferredIncomeTaxExpenseBenefit`	$-163.94K	USD	3 Qtrs
Deferred tax (benefit) provision	`DeferredIncomeTaxExpenseBenefit`	$198.91K	USD	3 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-63.40K	USD	3 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-25.10K	USD	3 Qtrs
Prepaid income taxes	`PrepaidIncomeTaxe`	-	USD	3 Qtrs
Prepaid income taxes	`PrepaidIncomeTaxe`	$12.19K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-55.05K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$154.86K	USD	3 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-679.43K	USD	3 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$55.84K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.20M	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.60M	USD	3 Qtrs
Investment of cash in Trust Account	`PaymentsToAcquireMarketableSecurities`	$2.33M	USD	3 Qtrs
Investment of cash in Trust Account	`PaymentsToAcquireMarketableSecurities`	-	USD	3 Qtrs
Cash withdrawn from Trust Account for redemptions	`ProceedsFromSaleAndMaturityForTrustAccountRedemptions`	-	USD	3 Qtrs
Cash withdrawn from Trust Account for redemptions	`ProceedsFromSaleAndMaturityForTrustAccountRedemptions`	$13.45M	USD	3 Qtrs
Cash withdrawn from Trust Account to pay for franchise taxes and income taxes	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$577.32K	USD	3 Qtrs
Cash withdrawn from Trust Account to pay for franchise taxes and income taxes	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$450.87K	USD	3 Qtrs
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$11.57M	USD	3 Qtrs
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$577.32K	USD	3 Qtrs
Proceeds from promissory notes related parties	`ProceedsOfPromissoryNoteRelatedPartyDebt`	-	USD	3 Qtrs
Proceeds from promissory notes related parties	`ProceedsOfPromissoryNoteRelatedPartyDebt`	$-3.83M	USD	3 Qtrs
Repayment of promissory note related parties	`RepaymentsOfPromissoryNoteRelatedPartyDebt`	-	USD	3 Qtrs
Repayment of promissory note related parties	`RepaymentsOfPromissoryNoteRelatedPartyDebt`	$180.00K	USD	3 Qtrs
Redemptions of common stock	`RedemptionsOfCommonStock`	$13.45M	USD	3 Qtrs
Redemptions of common stock	`RedemptionsOfCommonStock`	-	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-9.80M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	3 Qtrs
Net Change in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$162.40K	USD	3 Qtrs
Net Change in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-622.36K	USD	3 Qtrs
Cash Beginning	`Cash`	$55.46K	USD	Point-in-time
Cash Beginning	`Cash`	$217.86K	USD	Point-in-time
Cash Beginning	`Cash`	$633.46K	USD	Point-in-time
Cash Beginning	`Cash`	$1.26M	USD	Point-in-time
Cash Ending	`Cash`	$55.46K	USD	Point-in-time
Cash Ending	`Cash`	$217.86K	USD	Point-in-time
Cash Ending	`Cash`	$633.46K	USD	Point-in-time
Cash Ending	`Cash`	$1.26M	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaidNet`	$691.62K	USD	3 Qtrs
Cash paid for income taxes	`IncomeTaxesPaidNet`	$386.03K	USD	3 Qtrs
Change in value of common stock subject to possible redemption	`ChangeInValueOfCommonStockSubjectToRedemption`	$618.47K	USD	3 Qtrs
Change in value of common stock subject to possible redemption	`ChangeInValueOfCommonStockSubjectToRedemption`	$2.35M	USD	3 Qtrs

Stockholders Equity 30 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$5.00M	USD	Point-in-time
Balance	`StockholdersEquity`	$5.00M	USD	Point-in-time
Balance	`StockholdersEquity`	$5.00M	USD	Point-in-time
Balance	`StockholdersEquity`	$5.00M	USD	Point-in-time
Balance	`StockholdersEquity`	$5.00M	USD	Point-in-time
Balance	`StockholdersEquity`	$5.00M	USD	Point-in-time
Balance	`StockholdersEquity`	$5.00M	USD	Point-in-time
Balance	`StockholdersEquity`	$5.00M	USD	Point-in-time
Change in value of common stock subject to possible redemption	`StockIssuedDuringPeriodValueConversionOfUnits`	$-794.82K	USD	1 Quarter
Change in value of common stock subject to possible redemption	`StockIssuedDuringPeriodValueConversionOfUnits`	$-827.48K	USD	1 Quarter
Change in value of common stock subject to possible redemption	`StockIssuedDuringPeriodValueConversionOfUnits`	$301.00	USD	1 Quarter
Change in value of common stock subject to possible redemption	`StockIssuedDuringPeriodValueConversionOfUnits`	$-723.36K	USD	1 Quarter
Change in value of common stock subject to possible redemption	`StockIssuedDuringPeriodValueConversionOfUnits`	$255.64K	USD	1 Quarter
Change in value of common stock subject to possible redemption	`StockIssuedDuringPeriodValueConversionOfUnits`	$362.52K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-255.63K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$723.36K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-618.46K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-305.00	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$827.48K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-362.53K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$794.82K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$2.35M	USD	3 Qtrs
Balance	`StockholdersEquity`	$5.00M	USD	Point-in-time
Balance	`StockholdersEquity`	$5.00M	USD	Point-in-time
Balance	`StockholdersEquity`	$5.00M	USD	Point-in-time
Balance	`StockholdersEquity`	$5.00M	USD	Point-in-time
Balance	`StockholdersEquity`	$5.00M	USD	Point-in-time
Balance	`StockholdersEquity`	$5.00M	USD	Point-in-time
Balance	`StockholdersEquity`	$5.00M	USD	Point-in-time
Balance	`StockholdersEquity`	$5.00M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.