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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jul. 31, 2023
Jul. 31, 2022
CURRENT ASSETS:    
Cash and cash equivalents $ 924 $ 1,509
Accounts receivable, net 749 622
Prepaid and other current assets 650 383
Total current assets 2,323 2,514
LONG-TERM ASSETS:    
Intangible assets, net 12,211 15,188
Goodwill 19,380 19,380
Property and equipment, net 1,346 1,647
Other assets 437 273
Investment in Itellum 185 185
Right-of-Use assets - financing 578 62
Right-of-Use assets - operating 1,912 2,436
Total assets 38,372 41,685
CURRENT LIABILITIES:    
Accounts payable 5,373 3,222
Accrued liabilities 9,877 9,627
Equipment financing 228 21
Convertible note payable, current, net of discount of $960 and $120, respectively 8,216 3,948
Note payable, current, net of discount of $60 and $181, respectively 36,497 870
Acquisition payable 1,000 1,000
Deferred income 1,124 931
Derivative liability 4,125 10,588
Operating lease liability, current 662 797
Total current liabilities 67,602 31,837
LONG-TERM LIABILITIES:    
Note payable, net of discount $0 and $313, respectively 33,335
Convertible note payable 500
Equipment financing 354 43
Operating lease liability, net of current portion 1,320 1,788
Total long-term liabilities 1,674 35,666
Total liabilities 69,276 67,503
Commitments and contingencies
STOCKHOLDERS’ DEFICIT:    
Preferred stock, value
Common stock, $0.001, 500,000,000 shares authorized, 160,931,685 and 142,088,039 issued and outstanding (109,000,000 and 30,000,000, respectively, reserved in Treasury) 161 142
Additional paid in capital 93,911 89,487
Accumulated deficit (121,684) (113,393)
Other comprehensive income 1 1
Total Digerati’s stockholders’ deficit (27,611) (23,763)
Noncontrolling interest (3,293) (2,055)
Total stockholders’ deficit (30,904) (25,818)
Total liabilities and stockholders’ deficit 38,372 41,685
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
Related Party    
CURRENT LIABILITIES:    
Note payable, current, related party, net of discount of $0 and $40, respectively $ 500 $ 833