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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jan. 31, 2020
Jul. 31, 2019
CURRENT ASSETS:    
Cash and cash equivalents $ 376 $ 406
Accounts receivable, net 238 262
Prepaid and other current assets 85 107
Right-of-use asset 129
Total current assets 828 775
LONG-TERM ASSETS:    
Intangible assets, net 1,641 1,832
Goodwill, net 810 810
Property and equipment, net 487 579
Other assets 73 58
Investment in Itellum 185 185
Right-of-use asset 119
Total assets 4,143 4,239
CURRENT LIABILITIES:    
Accounts payable 1,327 1,264
Accrued liabilities 1,657 1,493
Equipment financing 67 65
Convertible note payable, current, net $467 and $547, respectively 1,087 1,005
Note payable, current, related party, net of $4 and $7, respectively 350 383
Note payable, current, net $0 and $0, respectively 1,218 1,218
Deferred income 354 285
Derivative liability 764 927
Lease liability 129
Total current liabilities 6,953 6,640
LONG-TERM LIABILITIES:    
Convertible debenture, net $0 and $29, respectively 21
Notes payable, related party, net $13 and $17, respectively 109 136
Equipment financing 66 100
Lease liability 119
Total long-term liabilities 294 257
Total liabilities 7,247 6,897
Commitments and contingencies
STOCKHOLDERS' DEFICIT:    
Preferred stock, $0.001, 50,000,000 shares authorized Series A Preferred stock, $0.001, 1,000,000 shares designated, 200,000 and 225,000 issued and outstanding, respectively
Common stock, $0.001, 150,000,000 shares authorized, 47,614,096 and 23,740,406 issued and outstanding, respectively (6,000,000 reserved in Treasury) 48 24
Additional paid in capital 84,524 82,972
Accumulated deficit (87,285) (85,320)
Other comprehensive income 1 1
Total Digerati's stockholders' deficit (2,712) (2,323)
Noncontrolling interest (392) (335)
Total stockholders' deficit (3,104) (2,658)
Total liabilities and stockholders' deficit $ 4,143 $ 4,239