Online lottery and gaming company Lottery.com Inc. disclosed Friday it had to to furlough workers, owed $425,000 in outstanding payroll obligations, and didn’t have enough resources to fund operations over the next 12 months.
“If the Company is not able to secure additional capital resources or otherwise fund its operations, the Company will be forced to wind down some or all of its operations and pursue options for liquidating the Company’s assets, including equipment and intellectual property,” Lottery.com said in an 8-K filing announcing substantial doubt about its ability to continue as a going concern. The filing did not disclose ...
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