Equipment Financing (Tables)

12 Months Ended

Jul. 31, 2022

DIGERATI TECHNOLOGIES, INC [Member]

Equipment Financing (Tables) [Line Items]

Schedule of future payments under the equipment financing agreements

Year	Amount
2023	$	21,566
2024		21,835
2025		21,835
2026		1,820
Total future payments:	$	67,056
Less: amounts representing interest		4,793
Present value of net minimum equipment financing payments	$	62,263
Less current maturities		20,638
Long-term equipment financing obligation	$	41,625
Lease cost:
Amortization of ROU assets	$	19,920
Interest on lease liabilities		2,599
Cash paid for amounts included in the measurement of lease liabilities:
Operating cashflow from equipment financing:	$	2,599
Financing cashflow from equipment financing:		19,920
Weighted-average remaining lease term - equipment financing:		3.1 years
Weighted-average discount rate		5.0	%