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Condensed Consolidated Balance Sheets - USD ($)
Oct. 31, 2022
Sep. 30, 2022
Jul. 31, 2022
Dec. 31, 2021
Jul. 31, 2021
Current Assets          
Cash   $ 209,983   $ 264,755  
Prepaid expenses   335,992   372,468  
Total current assets   545,975   637,223  
LONG-TERM ASSETS:          
Cash held in Trust Account   130,165,886   128,400,078  
Prepaid expenses - noncurrent     231,243  
Total Assets   130,711,861   129,268,544  
Current Liabilities          
Accrued offering costs and expenses   670,345   254,276  
Working capital loans - related party   500,000    
Convertible promissory note - related party   1,265,000    
Due to Sponsor     10,000  
Income taxes payable   88,687    
Total current liabilities   2,524,032   264,276  
Warrant liabilities   1,694,297   7,879,959  
Deferred underwriting fee   4,554,000   4,554,000  
Total Liabilities   8,772,329   12,698,235  
Class A common stock subject to possible redemption   129,998,763   128,397,500  
Stockholders’ Deficit          
Preferred stock value      
Class A common stock value   16   16  
Class B common stock value   316   316  
Additional paid-in capital      
Accumulated deficit   (8,059,563)   (11,827,524)  
Total Stockholders’ Deficit $ (30,572) (8,059,231) $ (25,818) (11,827,192) $ (16,854)
Total Liabilities, Redeemable Common Stock and Stockholders’ Deficit   $ 130,711,861   $ 129,268,544  
DIGERATI TECHNOLOGIES, INC          
Current Assets          
Cash 1,048   1,509   1,489
Accounts receivable, net 844   622   617
Prepaid and other current assets 649   383   232
Total current assets 2,541   2,514   2,338
LONG-TERM ASSETS:          
Intangible assets, net 14,432   15,188   8,527
Goodwill 19,380   19,380   3,931
Property and equipment, net 1,558   1,647   529
Other assets 347   273   76
Investment in Itellum 185   185   185
Right-of-use assets 2,254   2,498   934
Total Assets 40,697   41,685   16,520
Current Liabilities          
Accounts payable 3,665   3,222   1,653
Accrued liabilities 9,149   9,627   2,570
Equipment financing 27   21   37
Convertible note payable, current, net of discount 4,717   3,948   1,049
Note payable, current, related party, net of discount 626   833   998
Note payable, current, net of discount 11,219   870   2,963
Acquisition payable 1,000   1,000  
Deferred income 1,119   931   20
Derivative liability 13,664   10,588   16,773
Operating lease liability, current 651   797   503
Total current liabilities 45,837   31,837   26,566
Notes payable, related party, net of debt discount $0 and $0, respectively       136
Note payable, net of discount 23,460   33,335   6,241
Convertible note payable 250   500  
Equipment financing 54   43  
Operating lease liability, net of current portion 1,668   1,788   431
Total long-term liabilities 25,432   35,666   6,808
Total Liabilities 71,269   67,503   33,374
Stockholders’ Deficit          
Preferred stock value    
Common stock value 145   142   139
Additional paid-in capital 89,875   89,487   89,100
Accumulated deficit (118,377)   (113,393)   (105,380)
Other comprehensive income 1   1   1
Total Stockholders’ Deficit (28,356)   (23,763)   (16,140)
Noncontrolling interest (2,216)   (2,055)   (714)
Total stockholders’ deficit (30,572)   (25,818)   (16,854)
Total Liabilities, Redeemable Common Stock and Stockholders’ Deficit $ 40,697   $ 41,685   $ 16,520