XML 17 R4.htm IDEA: XBRL DOCUMENT v3.22.0.1
Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jan. 31, 2022
Jan. 31, 2021
Jan. 31, 2022
Jan. 31, 2021
OPERATING REVENUES:        
Cloud software and service revenue $ 4,019 $ 3,326 $ 7,796 $ 4,878
Total operating revenues 4,019 3,326 7,796 4,878
OPERATING EXPENSES:        
Cost of services (exclusive of depreciation and amortization) 1,553 1,434 3,042 2,182
Selling, general and administrative expense 2,127 1,965 3,915 2,976
Legal and professional fees 1,175 255 1,749 513
Bad debt expense 2 4 15 4
Depreciation and amortization expense 481 432 974 593
Total operating expenses 5,338 4,090 9,695 6,268
OPERATING LOSS (1,319) (764) (1,899) (1,390)
OTHER INCOME (EXPENSE):        
Gain (loss) on derivative instruments (3,425) (160) 1,009 18
Loss on extinguishment of debt (5,480) (5,480)
Gain (loss) on settlement of debt 197 197
Income tax benefit (expense) (41) (51) (119) (59)
Other income (expense) 1 (2)
Interest expense (1,380) (1,202) (2,887) (1,502)
Total other income (expense) (10,325) (1,216) (7,479) (1,346)
NET LOSS INCLUDING NONCONTROLLING INTEREST (11,644) (1,980) (9,378) (2,736)
Less: Net loss attributable to the noncontrolling interests 602 30 760 65
NET LOSS ATTRIBUTABLE TO DIGERATI’S SHAREHOLDERS (11,042) (1,950) (8,618) (2,671)
Deemed dividend on Series A Convertible preferred stock (5) (5) (10) (10)
NET LOSS ATTRIBUTABLE TO DIGERATI’S COMMON SHAREHOLDERS $ (11,047) $ (1,955) $ (8,628) $ (2,681)
LOSS PER COMMON SHARE - BASIC (in Dollars per share) $ (0.08) $ (0.02) $ (0.06) $ (0.02)
LOSS PER COMMON SHARE - DILUTED (in Dollars per share) $ (0.08) $ (0.02) $ (0.06) $ (0.02)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING - BASIC (in Shares) 139,203,973 122,706,601 138,963,449 121,578,716
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING - DILUTED (in Shares) 139,203,973 122,706,601 138,963,449 121,578,716