10-K Filing

LOTTERY.COM INC. CIK: 1673481 FY 2018

Filing Information

Form Type	10-K
Accession Number	`0001615774-19-004584`
Period End Date	20181231
Filing Date	20190327
Fiscal Year	2018
Fiscal Period	FY
XBRL Instance	tdacu-20191231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 53 Income Statement 20 Cash Flow Statement 47 Stockholders Equity 12

Balance Sheet 53 line items

Line Item	Tag	Value	Unit	Period
Common stock subject to possible redemption	`StockRedeemedOrCalledDuringPeriodShares1`	0.00	shares	Point-in-time
Common stock subject to possible redemption	`StockRedeemedOrCalledDuringPeriodShares1`	19.24M	shares	Point-in-time
Common stock (in dollars per shares)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock (in dollars per shares)	`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
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.26M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$143.40K	USD	Point-in-time
Common stock issued	`CommonStockSharesIssued`	3.74M	shares	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	-	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$63.84K	USD	Point-in-time
Common stock issued	`CommonStockSharesIssued`	7.07M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$1.32M	USD	Point-in-time
Common stock outstanding	`CommonStockSharesOutstanding`	3.74M	shares	Point-in-time
Common stock outstanding	`CommonStockSharesOutstanding`	7.07M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$143.40K	USD	Point-in-time
Marketable securities held in Trust Account	`AssetsHeldInTrustNoncurrent`	-	USD	Point-in-time
Marketable securities held in Trust Account	`AssetsHeldInTrustNoncurrent`	$207.75M	USD	Point-in-time
Deferred offering costs	`DeferredCosts`	$403.04K	USD	Point-in-time
Deferred offering costs	`DeferredCosts`	-	USD	Point-in-time
Security deposit	`SecurityDeposit`	$1.20K	USD	Point-in-time
Security deposit	`SecurityDeposit`	$1.20K	USD	Point-in-time
Total Assets	`Assets`	$209.07M	USD	Point-in-time
Total Assets	`Assets`	$547.64K	USD	Point-in-time
Account payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	-	USD	Point-in-time
Account payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$159.51K	USD	Point-in-time
Income taxes payable	`TaxesPayableCurrent`	$373.79K	USD	Point-in-time
Income taxes payable	`TaxesPayableCurrent`	-	USD	Point-in-time
Promissory note - related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$425.00K	USD	Point-in-time
Promissory note - related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$525.00K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$958.31K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$525.00K	USD	Point-in-time
Deferred tax liability	`DeferredTaxLiabilities`	$851.00	USD	Point-in-time
Deferred tax liability	`DeferredTaxLiabilities`	-	USD	Point-in-time
Deferred underwriting fee payable	`DeferredUnderwritingFeePayable`	$5.03M	USD	Point-in-time
Deferred underwriting fee payable	`DeferredUnderwritingFeePayable`	-	USD	Point-in-time
Total Liabilities	`Liabilities`	$5.99M	USD	Point-in-time
Total Liabilities	`Liabilities`	$525.00K	USD	Point-in-time
Commitments	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock subject to possible redemption, 19,235,623 and -0- shares at redemption value as of December 31, 2018 and 2017, respectively	`RedeemableNoncontrollingInterestEquityCommonCarryingAmount`	-	USD	Point-in-time
Common stock subject to possible redemption, 19,235,623 and -0- shares at redemption value as of December 31, 2018 and 2017, respectively	`RedeemableNoncontrollingInterestEquityCommonCarryingAmount`	$198.08M	USD	Point-in-time
Common stock, $0.001 par value; 100,000,000 shares authorized; 7,070,627 and 3,737,500 issued and outstanding (excluding 19,235,623 and -0- shares subject to possible redemption) as of December 31, 2018 and 2017, respectively	`CommonStockValue`	$7.07K	USD	Point-in-time
Common stock, $0.001 par value; 100,000,000 shares authorized; 7,070,627 and 3,737,500 issued and outstanding (excluding 19,235,623 and -0- shares subject to possible redemption) as of December 31, 2018 and 2017, respectively	`CommonStockValue`	$3.74K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$3.59M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$21.26K	USD	Point-in-time
Retained earnings/(Accumulated deficit)	`RetainedEarningsAccumulatedDeficit`	$-2.36K	USD	Point-in-time
Retained earnings/(Accumulated deficit)	`RetainedEarningsAccumulatedDeficit`	$1.40M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$23.03K	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$5.00M	USD	Point-in-time
Total Stockholders' Equity	`StockholdersEquity`	$22.64K	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$209.07M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$547.64K	USD	Point-in-time

Income Statement 20 line items

Line Item	Tag	Value	Unit	Period
Operating costs	`CostsAndExpenses`	$387.00	USD	Annual
Operating costs	`CostsAndExpenses`	$699.33K	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-699.33K	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-387.00	USD	Annual
Interest income	`InvestmentIncomeInterest`	$2.47M	USD	Annual
Interest income	`InvestmentIncomeInterest`	-	USD	Annual
Unrealized gain on marketable securities held in Trust Account	`MarketableSecuritiesUnrealizedGainLoss`	$4.05K	USD	Annual
Unrealized gain on marketable securities held in Trust Account	`MarketableSecuritiesUnrealizedGainLoss`	-	USD	Annual
Other income, net	`NonoperatingIncomeExpense`	$2.48M	USD	Annual
Other income, net	`NonoperatingIncomeExpense`	-	USD	Annual
Income (loss) before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.78M	USD	Annual
Income (loss) before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-387.00	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	$374.64K	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	Annual
Net income (loss)	`NetIncomeLoss`	$1.40M	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-387.00	USD	Annual
Weighted average shares outstanding, basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	5.76M	shares	Annual
Weighted average shares outstanding, basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	3.25M	shares	Annual
Basic and diluted net loss per common share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	-	USD	Annual
Basic and diluted net loss per common share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.08	USD	Annual

Cash Flow Statement 47 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$1.40M	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-387.00	USD	Annual
Interest earned on marketable securities held in Trust Account	`InvestmentIncomeInterest`	$2.47M	USD	Annual
Interest earned on marketable securities held in Trust Account	`InvestmentIncomeInterest`	-	USD	Annual
Unrealized gain on marketable securities held in Trust Account	`MarketableSecuritiesUnrealizedGainLoss`	$4.05K	USD	Annual
Unrealized gain on marketable securities held in Trust Account	`MarketableSecuritiesUnrealizedGainLoss`	-	USD	Annual
Deferred income tax	`DeferredIncomeTaxExpenseBenefit`	$851.00	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$63.84K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	-	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$159.51K	USD	Annual
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	-	USD	Annual
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$373.79K	USD	Annual
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	-	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-603.66K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-387.00	USD	Annual
Investment of cash in Trust Account	`PaymentsToAcquireMarketableSecurities`	$205.28M	USD	Annual
Investment of cash in Trust Account	`PaymentsToAcquireMarketableSecurities`	-	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-205.28M	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	Annual
Proceeds from issuance of common stock to initial stockholders	`ProceedsFromIssuanceOfCommonStockToInitialStockholders`	$-8.65K	USD	Annual
Proceeds from issuance of common stock to initial stockholders	`ProceedsFromIssuanceOfCommonStockToInitialStockholders`	-	USD	Annual
Proceeds from sale of Units, net of underwriting discounts paid	`ProceedsFromIssuanceOfCommonStock`	-	USD	Annual
Proceeds from sale of Units, net of underwriting discounts paid	`ProceedsFromIssuanceOfCommonStock`	$196.22M	USD	Annual
Proceeds from sale of Private Units	`ProceedsFromIssuanceOfPrivatePlacement`	-	USD	Annual
Proceeds from sale of Private Units	`ProceedsFromIssuanceOfPrivatePlacement`	$11.50M	USD	Annual
Proceeds from promissory notes - related parties	`ProceedsOfPromissoryNoteRelatedPartyDebt`	$-300.00K	USD	Annual
Proceeds from promissory notes - related parties	`ProceedsOfPromissoryNoteRelatedPartyDebt`	$-100.00K	USD	Annual
Repayment of promissory notes - related parties	`RepaymentsOfPromissoryNoteRelatedPartyDebt`	$400.00K	USD	Annual
Repayment of promissory notes - related parties	`RepaymentsOfPromissoryNoteRelatedPartyDebt`	-	USD	Annual
Payment of offering costs	`RepaymentsOfOfferingCosts`	$12.16K	USD	Annual
Payment of offering costs	`RepaymentsOfOfferingCosts`	$636.33K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$87.83K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$206.99M	USD	Annual
Net Change in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$87.45K	USD	Annual
Net Change in Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.11M	USD	Annual
Cash - Beginning	`Cash`	$55.95K	USD	Point-in-time
Cash - Beginning	`Cash`	$1.26M	USD	Point-in-time
Cash - Beginning	`Cash`	$143.40K	USD	Point-in-time
Cash - Ending	`Cash`	$55.95K	USD	Point-in-time
Cash - Ending	`Cash`	$1.26M	USD	Point-in-time
Cash - Ending	`Cash`	$143.40K	USD	Point-in-time
Initial classification of common stock subject to redemption	`InitialClassificationOfCommonStockSubjectToRedemption`	-	USD	Annual
Initial classification of common stock subject to redemption	`InitialClassificationOfCommonStockSubjectToRedemption`	$196.67M	USD	Annual
Change in value of common stock subject to redemption	`ChangeInValueOfCommonStockSubjectToRedemption`	-	USD	Annual
Change in value of common stock subject to redemption	`ChangeInValueOfCommonStockSubjectToRedemption`	$1.41M	USD	Annual
Deferred underwriting fee charged to additional paid in capital	`DeferredUnderwritingFeeChargedToAdditionalPaidInCapital`	$5.03M	USD	Annual
Deferred underwriting fee charged to additional paid in capital	`DeferredUnderwritingFeeChargedToAdditionalPaidInCapital`	-	USD	Annual

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Begining balance	`StockholdersEquity`	$23.03K	USD	Point-in-time
Begining balance	`StockholdersEquity`	$5.00M	USD	Point-in-time
Begining balance	`StockholdersEquity`	$22.64K	USD	Point-in-time
Common stock issued to initial stockholders	`StockIssuedDuringPeriodValueNewIssues`	$8.65K	USD	Annual
Sale of 20,125,000 Units, net of underwriting discounts and offering expenses	`StockIssuedDuringPeriodValueunderwritingDiscountsAndOfferingExpenses`	$190.15M	USD	Annual
Sale of 1,150,000 Private Units	`StockIssuedDuringPeriodValueNewIssues1`	$11.50M	USD	Annual
Common stock subject to possible redemption	`StockIssuedDuringPeriodValueConversionOfUnits`	$-198.08M	USD	Annual
Net income (loss)	`NetIncomeLoss`	$1.40M	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-387.00	USD	Annual
Ending balance	`StockholdersEquity`	$23.03K	USD	Point-in-time
Ending balance	`StockholdersEquity`	$5.00M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$22.64K	USD	Point-in-time

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