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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jul. 31, 2022
Jul. 31, 2021
CURRENT ASSETS:    
Cash and cash equivalents $ 1,509 $ 1,489
Accounts receivable, net 622 617
Prepaid and other current assets 383 232
Total current assets 2,514 2,338
LONG-TERM ASSETS:    
Intangible assets, net 15,188 8,527
Goodwill 19,380 3,931
Property and equipment, net 1,647 529
Other assets 273 76
Investment in Itellum 185 185
Right-of-use asset 2,498 934
Total assets 41,685 16,520
CURRENT LIABILITIES:    
Accounts payable 3,222 1,653
Accrued liabilities 9,627 2,570
Equipment financing 21 37
Convertible note payable, current, net of debt discount of $120 and $340, respectively 3,948 1,049
Note payable, current, related party, net of debt discount of $40 and $0, respectively 833 998
Note payable, current, net of debt discount of $181 and $714, respectively 870 2,963
Acquisition payable 1,000
Deferred income 931 20
Derivative liability 10,588 16,773
Operating lease liability, current 797 503
Total current liabilities 31,837 26,566
LONG-TERM LIABILITIES:    
Notes payable, related party, net of debt discount $0 and $0, respectively 136
Note payable, net of debt discount $313 and $4,641 respectively 33,335 6,241
Convertible note payable, net of debt discount of $0 and $0, respectively 500
Equipment financing 43
Operating lease liability, net of current portion 1,788 431
Total long-term liabilities 35,666 6,808
Total liabilities 67,503 33,374
Commitments and contingencies
STOCKHOLDERS’ DEFICIT:    
Preferred stock value
Common stock, $0.001, 500,000,000 shares authorized, 142,088,039 and 138,538,039 issued and outstanding, respectively (30,000,000 reserved in Treasury) 142 139
Additional paid in capital 89,487 89,100
Accumulated deficit (113,393) (105,380)
Other comprehensive income 1 1
Total Digerati’s stockholders’ deficit (23,763) (16,140)
Noncontrolling interest (2,055) (714)
Total stockholders’ deficit (25,818) (16,854)
Total liabilities and stockholders’ deficit 41,685 16,520
Convertible Series A Preferred Stock    
STOCKHOLDERS’ DEFICIT:    
Preferred stock value
Convertible Series B Preferred Stock    
STOCKHOLDERS’ DEFICIT:    
Preferred stock value
Convertible Series C Preferred Stock    
STOCKHOLDERS’ DEFICIT:    
Preferred stock value
Series F Super Voting Preferred Stock    
STOCKHOLDERS’ DEFICIT:    
Preferred stock value