10-K/A Filing

LOTTERY.COM INC. CIK: 1673481 FY 2020

Filing Information

Form Type	10-K/A
Accession Number	`0001213900-21-034278`
Period End Date	20201231
Filing Date	20210628
Fiscal Year	2020
Fiscal Period	FY
XBRL Instance	f10k2020a1_tridentacq_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 67 Income Statement 26 Cash Flow Statement 47 Stockholders Equity 12

Balance Sheet 67 line items

Line Item	Tag	Value	Unit	Period
Common stock subject to possible redemption	`StockRedeemedOrCalledDuringPeriodShares1`	3.88M	shares	Point-in-time
Common stock subject to possible redemption	`StockRedeemedOrCalledDuringPeriodShares1`	6.08M	shares	Point-in-time
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
Cash	`CashAndCashEquivalentsAtCarryingValue`	$55.46K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$972.79K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$102.92K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$51.98K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Prepaid income taxes	`PrepaidIncomeTaxes1`	-	USD	Point-in-time
Prepaid income taxes	`PrepaidIncomeTaxes1`	$12.19K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$1.04M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$158.38K	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	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
Common stock authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Deferred tax asset	`DeferredIncomeTaxAssetsNet`	$217.09K	USD	Point-in-time
Deferred tax asset	`DeferredIncomeTaxAssetsNet`	-	USD	Point-in-time
Common stock issued	`CommonStockSharesIssued`	7.15M	shares	Point-in-time
Security deposit	`SecurityDeposit`	$1.20K	USD	Point-in-time
Security deposit	`SecurityDeposit`	$1.20K	USD	Point-in-time
Common stock issued	`CommonStockSharesIssued`	8.09M	shares	Point-in-time
Marketable securities held in Trust Account	`AssetsHeldInTrustNoncurrent`	$63.41M	USD	Point-in-time
Marketable securities held in Trust Account	`AssetsHeldInTrustNoncurrent`	$74.38M	USD	Point-in-time
Common stock outstanding	`CommonStockSharesOutstanding`	7.15M	shares	Point-in-time
Common stock outstanding	`CommonStockSharesOutstanding`	8.09M	shares	Point-in-time
TOTAL ASSETS	`Assets`	$74.54M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$64.66M	USD	Point-in-time
Account payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$159.38K	USD	Point-in-time
Account payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$325.86K	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`	$3.40M	USD	Point-in-time
Promissory notes related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$150.00K	USD	Point-in-time
Promissory notes related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$5.08M	USD	Point-in-time
Promissory notes related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$1.10M	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`	$5.40M	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilities`	$6.72M	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`	$17.15M	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, 3,881,505 and 6,076,290 shares at redemption value at December 31, 2020 and 2019, respectively	`TemporaryEquityCarryingAmountAttributableToParent`	$42.51M	USD	Point-in-time
Common stock subject to possible redemption, 3,881,505 and 6,076,290 shares at redemption value at December 31, 2020 and 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; 8,086,215 and 7,148,526 issued and outstanding (excluding 3,881,505 and 6,076,290 shares subject to possible redemption) at December 31, 2020 and 2019, respectively	`CommonStockValue`	$8.09K	USD	Point-in-time
Common stock, $0.001 par value; 100,000,000 shares authorized; 8,086,215 and 7,148,526 issued and outstanding (excluding 3,881,505 and 6,076,290 shares subject to possible redemption) at December 31, 2020 and 2019, respectively	`CommonStockValue`	$7.15K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.06M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$4.22M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$768.28K	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 LIABILITIES AND STOCKHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$74.54M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$64.66M	USD	Point-in-time

Income Statement 26 line items

Line Item	Tag	Value	Unit	Period
Operating costs	`OperatingCostsAndExpenses`	$1.39M	USD	Annual
Operating costs	`OperatingCostsAndExpenses`	$1.10M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-1.39M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-1.10M	USD	Annual
Loss on change in fair value of derivative liabilities	`FairValueAdjustmentOfWarrants`	-	USD	Annual
Loss on change in fair value of derivative liabilities	`FairValueAdjustmentOfWarrants`	$2.36M	USD	Annual
Interest earned on marketable securities held in Trust Account	`MarketableSecuritiesUnrealizedGainLoss`	$4.32M	USD	Annual
Interest earned on marketable securities held in Trust Account	`MarketableSecuritiesUnrealizedGainLoss`	$348.43K	USD	Annual
Refund of Tender Bid-Subsidiary	`RefundOfTenderBidSubsidiary`	-	USD	Annual
Refund of Tender Bid-Subsidiary	`RefundOfTenderBidSubsidiary`	$11.18K	USD	Annual
Other (loss) income, net	`NonoperatingIncomeExpense`	$-2.00M	USD	Annual
Other (loss) income, net	`NonoperatingIncomeExpense`	$4.32M	USD	Annual
(Loss) income before benefit from (provision for) income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-3.38M	USD	Annual
(Loss) income before benefit from (provision for) income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$3.22M	USD	Annual
Benefit from (provision for) income taxes	`IncomeTaxExpenseBenefit`	$-217.09K	USD	Annual
Benefit from (provision for) income taxes	`IncomeTaxExpenseBenefit`	$690.82K	USD	Annual
Net (loss) income	`NetIncomeLoss`	$2.53M	USD	Annual
Net (loss) income	`NetIncomeLoss`	$-3.17M	USD	Annual
Basic and diluted weighted average shares outstanding, Common stock subject to possible redemption (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDilutedCommonStockSubjectToPossibleRedemption`	17.48M	shares	Annual
Basic and diluted weighted average shares outstanding, Common stock subject to possible redemption (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDilutedCommonStockSubjectToPossibleRedemption`	5.21M	shares	Annual
Basic and diluted net income per share, Common Stock subject to possible redemption (in Dollars per share)	`EarningsPerShareBasicAndDilutedCommonStockSubjectToPossibleRedemption`	$0.04	USD	Annual
Basic and diluted net income per share, Common Stock subject to possible redemption (in Dollars per share)	`EarningsPerShareBasicAndDilutedCommonStockSubjectToPossibleRedemption`	$0.17	USD	Annual
Basic and diluted weighted average shares outstanding, Non-redeemable common stock (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	7.27M	shares	Annual
Basic and diluted weighted average shares outstanding, Non-redeemable common stock (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	7.10M	shares	Annual
Basic and diluted net loss per share, Non-redeemable common stock (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.47	USD	Annual
Basic and diluted net loss per share, Non-redeemable common stock (in Dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.06	USD	Annual

Cash Flow Statement 47 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income	`NetIncomeLoss`	$2.53M	USD	Annual
Net (loss) income	`NetIncomeLoss`	$-3.17M	USD	Annual
Interest earned on marketable securities held in Trust Account	`InvestmentIncomeInterest`	$4.32M	USD	Annual
Interest earned on marketable securities held in Trust Account	`InvestmentIncomeInterest`	$348.43K	USD	Annual
Deferred tax benefit	`DeferredIncomeTaxExpenseBenefit`	$-217.09K	USD	Annual
Deferred tax benefit	`DeferredIncomeTaxExpenseBenefit`	$-851.00	USD	Annual
Loss on change in fair value of derivative liabilities	`LossOnChangeInFairValueOfWarrantLiability`	$2.36M	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-50.94K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$39.07K	USD	Annual
Prepaid income taxes	`IncreaseDecreaseInPrepaidTaxes1`	-	USD	Annual
Prepaid income taxes	`IncreaseDecreaseInPrepaidTaxes1`	$12.19K	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$166.48K	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-135.00	USD	Annual
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$305.64K	USD	Annual
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-679.43K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.85M	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.53M	USD	Annual
Investment in Trust Account	`PaymentsToAcquireMarketableSecurities`	$2.62M	USD	Annual
Investment in Trust Account	`PaymentsToAcquireMarketableSecurities`	$500.00K	USD	Annual
Cash withdrawals from Trust Account for redemptions	`ProceedsFromSaleAndMaturityForTrustAccountRedemptions`	$13.45M	USD	Annual
Cash withdrawals from Trust Account for redemptions	`ProceedsFromSaleAndMaturityForTrustAccountRedemptions`	$137.13M	USD	Annual
Cash withdrawals from Trust Account for franchise and income taxes	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$490.87K	USD	Annual
Cash withdrawals from Trust Account for franchise and income taxes	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$1.07M	USD	Annual
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$11.32M	USD	Annual
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$137.70M	USD	Annual
Proceeds from promissory notes related parties	`ProceedsOfPromissoryNoteRelatedPartyDebt`	$-180.00K	USD	Annual
Proceeds from promissory notes related parties	`ProceedsOfPromissoryNoteRelatedPartyDebt`	$-5.08M	USD	Annual
Repayment of promissory notes related parties	`RepaymentsOfPromissoryNoteRelatedPartyDebt`	$180.00K	USD	Annual
Repayment of promissory notes related parties	`RepaymentsOfPromissoryNoteRelatedPartyDebt`	$425.00K	USD	Annual
Redemptions of common stock	`RedemptionsOfCommonStock`	$137.13M	USD	Annual
Redemptions of common stock	`RedemptionsOfCommonStock`	$13.45M	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-137.38M	USD	Annual
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-8.55M	USD	Annual
Net Change in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.20M	USD	Annual
Net Change in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$917.33K	USD	Annual
Cash Beginning of period	`Cash`	$1.26M	USD	Point-in-time
Cash Beginning of period	`Cash`	$972.79K	USD	Point-in-time
Cash Beginning of period	`Cash`	$55.46K	USD	Point-in-time
Cash End of period	`Cash`	$1.26M	USD	Point-in-time
Cash End of period	`Cash`	$972.79K	USD	Point-in-time
Cash End of period	`Cash`	$55.46K	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaidNet`	$691.62K	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaidNet`	$386.03K	USD	Annual
Initial measurement of private placement warrants accounted for as liabilities	`SaleOfPrivatePlacementWarrantsAccountedForAsLiabilities`	$368.00K	USD	Annual
Initial measurement of unit purchase option agreement issued in connection with the Initial Public Offering accounted for as a liability	`InitialMeasurementOfUnitPurchaseOptionIssuedInConnectionWithTheInitialPublicOfferingAc`	$3.99M	USD	Annual
Change in value of common stock subject to possible redemption	`ChangeInValueOfCommonStockSubjectToRedemption`	$2.53M	USD	Annual
Change in value of common stock subject to possible redemption	`ChangeInValueOfCommonStockSubjectToRedemption`	$7.52M	USD	Annual

Stockholders Equity 12 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
Change in value of common stock subject to possible redemption	`StockIssuedDuringPeriodValueConversionOfUnits`	$7.52M	USD	Annual
Change in value of common stock subject to possible redemption	`StockIssuedDuringPeriodValueConversionOfUnits`	$-2.53M	USD	Annual
Initial measurement of private placement warrants accounted for as liabilities	`AdjustmentsToAdditionalPaidInCapitalWarrantIssued`	$368.00K	USD	Annual
Initial measurement of unit purchase option agreement issued in connection with the Initial Public Offering accounted for as a liability	`AdjustmentsToAdditionalPaidInCapitalOther`	$-3.99M	USD	Annual
Net income (loss)	`ProfitLoss`	$-3.17M	USD	Annual
Net income (loss)	`ProfitLoss`	$2.53M	USD	Annual
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.