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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jan. 31, 2022
Jan. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (9,378) $ (2,736)
Adjustments to reconcile net loss to cash (used in)/provided by operating activities:    
Depreciation and amortization expense 974 593
Stock compensation and warrant expense 47 376
Bad debt expense 15 4
Amortization of ROU Asset - operating 92 64
Amortization of debt discount 1,605 859
(Gain) on derivative liabilities (1,009) (18)
Loss on extinguishment of debt 5,480
(Gain) on settlement of debt (197)
Accrued interest added to principal 40
Changes in operating assets and liabilities:    
Accounts receivable 110 (136)
Prepaid expenses and other current assets (12) (70)
Inventory 27 22
Right of use operating lease liability (92) (64)
Accounts payable 484 (179)
Accrued expenses 631 954
Deferred income (17) 49
Net cash used in operating activities (1,003) (479)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Cash paid in acquisition of equipment (65) (182)
Proceeds from Nexogy 162
Acquisition of VoIP assets, net of cash received (4,100) (10,108)
Net cash used in investing activities (4,003) (10,290)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Borrowings from convertible debt, net of original issuance cost and discounts 707 558
Borrowings from debt, net of original issuance cost and discounts 6,000 13,036
Principal payments on debt, net (1,330)
Principal payments on convertible notes, net 0 (101)
Principal payments on related party notes, net (328) (169)
Principal payment on equipment financing (18) (35)
Net cash provided by financing activities 6,361 11,959
INCREASE IN CASH AND CASH EQUIVALENTS 1,355 1,190
CASH AND CASH EQUIVALENTS, beginning of period 1,489 685
CASH AND CASH EQUIVALENTS, end of period 2,844 1,875
SUPPLEMENTAL DISCLOSURES:    
Cash paid for interest 861 415
Income tax paid
SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING AND FINANCING ACTIVITIES    
Accrued interest rolled into principal 319 148
Incentive earnout adjustment on Active PBX acquisition 121
Stock issued with convertible debt - debt discount 69
Beneficial conversion feature on convertible debt 141
Debt discount from common stock issued with debt 38
Debt discount from derivative liabilities 60 6,462
Promissory note reclassed to convertible debt 15
Capitalization of ROU assets and liabilities - operating 254
Common Stock issued for debt conversion 411
Common Stock issued for accounts payable 60
Dividend declared 10 10
Derivative liability resolved to APIC due to debt conversion $ 588