10-Q Filing

LOTTERY.COM INC. CIK: 1673481 Q1 2021

Filing Information

Form Type	10-Q
Accession Number	`0001213900-21-034797`
Period End Date	20210331
Filing Date	20210630
Fiscal Year	2021
Fiscal Period	Q1
XBRL Instance	f10q0321_tridentacquis_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 69 Income Statement 30 Cash Flow Statement 48 Stockholders Equity 12

Balance Sheet 69 line items

Line Item	Tag	Value	Unit	Period
Common stock subject to possible redemption	`StockRedeemedOrCalledDuringPeriodShares1`	3.90M	shares	Point-in-time
Common stock subject to possible redemption	`StockRedeemedOrCalledDuringPeriodShares1`	3.88M	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`	$114.04K	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
Prepaid expenses	`PrepaidExpenseCurrent`	$93.79K	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`	$51.98K	USD	Point-in-time
Prepaid income taxes	`PrepaidIncomeTaxes1`	$12.19K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Prepaid income taxes	`PrepaidIncomeTaxes1`	$12.19K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$220.01K	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$1.04M	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Deferred tax asset	`DeferredIncomeTaxAssetsNet`	$267.08K	USD	Point-in-time
Deferred tax asset	`DeferredIncomeTaxAssetsNet`	$217.09K	USD	Point-in-time
Common stock authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock authorized	`CommonStockSharesAuthorized`	100.00M	shares	Point-in-time
Common stock issued	`CommonStockSharesIssued`	8.09M	shares	Point-in-time
Security deposit	`SecurityDeposit`	$1.20K	USD	Point-in-time
Common stock issued	`CommonStockSharesIssued`	8.06M	shares	Point-in-time
Security deposit	`SecurityDeposit`	$1.20K	USD	Point-in-time
Marketable securities held in Trust Account	`AssetsHeldInTrustNoncurrent`	$63.41M	USD	Point-in-time
Common stock outstanding	`CommonStockSharesOutstanding`	8.06M	shares	Point-in-time
Marketable securities held in Trust Account	`AssetsHeldInTrustNoncurrent`	$63.37M	USD	Point-in-time
Common stock outstanding	`CommonStockSharesOutstanding`	8.09M	shares	Point-in-time
TOTAL ASSETS	`Assets`	$63.85M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$64.66M	USD	Point-in-time
Account payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$596.68K	USD	Point-in-time
Account payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$325.86K	USD	Point-in-time
Promissory notes related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$1.10M	USD	Point-in-time
Promissory notes related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$4.65M	USD	Point-in-time
Promissory notes related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$3.40M	USD	Point-in-time
Promissory notes related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$3.40M	USD	Point-in-time
Promissory notes related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$3.40M	USD	Point-in-time
Promissory notes related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$180.00K	USD	Point-in-time
Promissory notes related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$5.08M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$5.40M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$5.25M	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesNoncurrent`	$6.72M	USD	Point-in-time
Derivative liabilities	`DerivativeLiabilitiesNoncurrent`	$5.86M	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`	$16.14M	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock subject to possible redemption, 3,902,882 and 3,881,505 shares at redemption value as of March 31, 2021 and December 31, 2020, respectively	`TemporaryEquityCarryingAmountAttributableToParent`	$42.51M	USD	Point-in-time
Common stock subject to possible redemption, 3,902,882 and 3,881,505 shares at redemption value as of March 31, 2021 and December 31, 2020, respectively	`TemporaryEquityCarryingAmountAttributableToParent`	$42.71M	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; 8,064,838 and 8,086,215 issued and outstanding (excluding 3,902,882 and 3,881,505 shares subject to possible redemption) as of March 31, 2021 and December 31, 2020, respectively	`CommonStockValue`	$8.06K	USD	Point-in-time
Common stock, $0.001 par value; 100,000,000 shares authorized; 8,064,838 and 8,086,215 issued and outstanding (excluding 3,902,882 and 3,881,505 shares subject to possible redemption) as of March 31, 2021 and December 31, 2020, respectively	`CommonStockValue`	$8.09K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$4.02M	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`	$969.20K	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`	$64.66M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$63.85M	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Operating costs	`OperatingCostsAndExpenses`	$262.56K	USD	1 Quarter
Operating costs	`OperatingCostsAndExpenses`	$703.09K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-262.56K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-703.09K	USD	1 Quarter
Interest earned on marketable securities held in Trust Account	`MarketableSecuritiesUnrealizedGainLoss`	$262.48K	USD	1 Quarter
Interest earned on marketable securities held in Trust Account	`MarketableSecuritiesUnrealizedGainLoss`	$933.00	USD	1 Quarter
Gain on change in fair value of derivative liabilities	`UnrealizedGainLossOnDerivatives`	-	USD	1 Quarter
Gain on change in fair value of derivative liabilities	`UnrealizedGainLossOnDerivatives`	$853.00K	USD	1 Quarter
Other	`OtherNonoperatingIncomeExpense`	$72.00	USD	1 Quarter
Other	`OtherNonoperatingIncomeExpense`	-	USD	1 Quarter
Other income, net	`NonoperatingIncomeExpense`	$854.00K	USD	1 Quarter
Other income, net	`NonoperatingIncomeExpense`	$262.48K	USD	1 Quarter
Income (loss) before benefit from (provision for) income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$150.92K	USD	1 Quarter
Income (loss) before benefit from (provision for) income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-85.00	USD	1 Quarter
Benefit from (provision for) income taxes	`IncomeTaxExpenseBenefit`	$220.00	USD	1 Quarter
Benefit from (provision for) income taxes	`IncomeTaxExpenseBenefit`	$-49.99K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$200.91K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-305.00	USD	1 Quarter
Basic and diluted weighted average shares outstanding, Common stock subject to possible redemption (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDilutedCommonStockSubjectToPossibleRedemption`	6.08M	shares	1 Quarter
Basic and diluted weighted average shares outstanding, Common stock subject to possible redemption (in Shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDilutedCommonStockSubjectToPossibleRedemption`	3.88M	shares	1 Quarter
Basic and diluted net income per share, Common Stock subject to possible redemption (in Dollars per share)	`EarningsPerShareBasicAndDilutedCommonStockSubjectToPossibleRedemption`	$0.03	USD	1 Quarter
Basic and diluted net income per share, Common Stock subject to possible redemption (in Dollars per share)	`EarningsPerShareBasicAndDilutedCommonStockSubjectToPossibleRedemption`	-	USD	1 Quarter
Basic weighted average shares outstanding, Non-redeemable common stock (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	8.09M	shares	1 Quarter
Basic weighted average shares outstanding, Non-redeemable common stock (in Shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	7.15M	shares	1 Quarter
Basic net income per share, Non-redeemable common stock (in Dollars per share)	`EarningsPerShareBasic`	$-0.03	USD	1 Quarter
Basic net income per share, Non-redeemable common stock (in Dollars per share)	`EarningsPerShareBasic`	$0.02	USD	1 Quarter
Diluted weighted average shares outstanding, Non-redeemable common stock (in Shares)	`WeightedAverageNumberDilutedSharesOutstandingAdjustment`	8.32M	shares	1 Quarter
Diluted weighted average shares outstanding, Non-redeemable common stock (in Shares)	`WeightedAverageNumberDilutedSharesOutstandingAdjustment`	7.15M	shares	1 Quarter
Diluted net loss per share, Non-redeemable common stock (in Dollars per share)	`EarningsPerShareDiluted`	$-0.03	USD	1 Quarter
Diluted net loss per share, Non-redeemable common stock (in Dollars per share)	`EarningsPerShareDiluted`	$-0.08	USD	1 Quarter

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Sale of subsidiary	`NonCashOfSaleOfSubsidiary`	$25.00K	USD	1 Quarter
Sale of subsidiary	`NonCashOfSaleOfSubsidiary`	$25.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$200.91K	USD	1 Quarter
Cash disposed	`NonCashOfCashDisposed`	$25.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-305.00	USD	1 Quarter
Cash disposed	`NonCashOfCashDisposed`	$25.00K	USD	1 Quarter
Net cash impact	`NonCashOfNetCashImpact`	-	USD	1 Quarter
Net cash impact	`NonCashOfNetCashImpact`	-	USD	1 Quarter
Gain on change in fair value of derivative liabilities	`FairValueAdjustmentOfWarrants`	-	USD	1 Quarter
Gain on change in fair value of derivative liabilities	`FairValueAdjustmentOfWarrants`	$-853.00K	USD	1 Quarter
Interest earned on marketable securities held in Trust Account	`InvestmentIncomeInterest`	$933.00	USD	1 Quarter
Interest earned on marketable securities held in Trust Account	`InvestmentIncomeInterest`	$262.48K	USD	1 Quarter
Deferred tax benefit	`DeferredIncomeTaxExpenseBenefit`	-	USD	1 Quarter
Deferred tax benefit	`DeferredIncomeTaxExpenseBenefit`	$-49.99K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-29.36K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$41.81K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$89.96K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$270.82K	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$220.00	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	-	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-474.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-143.24K	USD	1 Quarter
Investment of cash in Trust Account	`PaymentsToAcquireMarketableSecurities`	$500.01K	USD	1 Quarter
Investment of cash in Trust Account	`PaymentsToAcquireMarketableSecurities`	-	USD	1 Quarter
Cash withdrawn from Trust Account for franchise taxes	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	-	USD	1 Quarter
Cash withdrawn from Trust Account for franchise taxes	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$40.25K	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-500.01K	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$40.25K	USD	1 Quarter
Proceeds from promissory notes related parties	`ProceedsOfPromissoryNoteRelatedPartyDebt`	-	USD	1 Quarter
Proceeds from promissory notes related parties	`ProceedsOfPromissoryNoteRelatedPartyDebt`	$-1.23M	USD	1 Quarter
Repayment of promissory note related parties	`RepaymentsOfPromissoryNoteRelatedPartyDebt`	-	USD	1 Quarter
Repayment of promissory note related parties	`RepaymentsOfPromissoryNoteRelatedPartyDebt`	$425.00K	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.23M	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-425.00K	USD	1 Quarter
Net Change in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-858.75K	USD	1 Quarter
Net Change in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$581.75K	USD	1 Quarter
Cash Beginning	`Cash`	$972.79K	USD	Point-in-time
Cash Beginning	`Cash`	$637.21K	USD	Point-in-time
Cash Beginning	`Cash`	$114.04K	USD	Point-in-time
Cash Beginning	`Cash`	$55.46K	USD	Point-in-time
Cash Ending	`Cash`	$972.79K	USD	Point-in-time
Cash Ending	`Cash`	$637.21K	USD	Point-in-time
Cash Ending	`Cash`	$114.04K	USD	Point-in-time
Cash Ending	`Cash`	$55.46K	USD	Point-in-time
Change in value of common stock subject to possible redemption	`ChangeInValueOfCommonStockSubjectToRedemption`	$-200.91K	USD	1 Quarter
Change in value of common stock subject to possible redemption	`ChangeInValueOfCommonStockSubjectToRedemption`	$-301.00	USD	1 Quarter
Sale of subsidiary for $25,000 less cash disposed of totaling $25,000, net cash impact of $0.	`SaleOfSubsidiaryForLessCashDisposedNetCashImpact`	-	USD	1 Quarter
Sale of subsidiary for $25,000 less cash disposed of totaling $25,000, net cash impact of $0.	`SaleOfSubsidiaryForLessCashDisposedNetCashImpact`	-	USD	1 Quarter

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
Balance	`StockholdersEquity`	$5.00M	USD	Point-in-time
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`	$-200.91K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$200.91K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-305.00	USD	1 Quarter
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.