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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jan. 31, 2020
Jan. 31, 2019
Jan. 31, 2020
Jan. 31, 2019
OPERATING REVENUES:        
Cloud software and service revenue $ 1,557 $ 1,486 $ 3,146 $ 3,008
Total operating revenues 1,557 1,486 3,146 3,008
OPERATING EXPENSES:        
Cost of services (exclusive of depreciation and amortization) 776 795 1,579 1,552
Selling, general and administrative expense 1,118 933 2,310 1,820
Legal and professional fees 208 86 310 210
Bad debt 1 1 (3)
Depreciation and amortization expense 153 168 316 338
Total operating expenses 2,256 1,982 4,516 3,917
OPERATING LOSS (699) (496) (1,370) (909)
OTHER INCOME (EXPENSE):        
Gain (loss) on derivative instruments 783 (1,358) 318 (1,497)
Income (tax) benefit (7) (14) 32 (27)
Interest expense (578) (662) (1,002) (1,038)
Total other income (expense) 198 (2,034) (652) (2,562)
NET LOSS INCLUDING NONCONTROLLING INTEREST (501) (2,530) (2,022) (3,471)
Less: Net loss attributable to the noncontrolling interests 44 31 57 58
NET LOSS ATTRIBUTABLE TO DIGERATI’S SHAREHOLDERS (457) (2,499) (1,965) (3,413)
Deemed dividend on Series A Convertible preferred stock
NET LOSS ATTRIBUTABLE TO DIGERATI’S COMMON SHAREHOLDERS $ (457) $ (2,499) $ (1,965) $ (3,413)
LOSS PER COMMON SHARE - BASIC $ (0.01) $ (0.17) $ (0.06) $ (0.25)
LOSS PER COMMON SHARE - DILUTED $ (0.01) $ (0.17) $ (0.06) $ (0.25)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING - BASIC 38,118,032 14,513,328 31,598,490 13,706,245
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING - DILUTED 38,118,032 14,513,328 31,598,490 13,706,245