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Consolidated Balance Sheets - USD ($)
Jan. 31, 2023
Dec. 31, 2022
Jul. 31, 2022
Dec. 31, 2021
Jul. 31, 2021
Current Assets          
Cash   $ 407,250   $ 264,755  
Prepaid expenses   232,458   372,468  
Total current assets   639,708   637,223  
Cash held in Trust Account   10,297,411   128,400,078  
Prepaid expenses - noncurrent     231,243  
Total Assets   10,937,119   129,268,544  
LONG-TERM ASSETS:          
Accrued offering costs and expenses   988,960   254,277  
Working capital loans - related party   500,000    
Convertible promissory note - related party   1,265,000    
Due to Sponsor     10,000  
Other current liability - Advance from target   449,167      
Income taxes payable   253,660    
Total current liabilities   3,456,787   264,277  
Warrant liabilities   1,220,120   7,879,959  
Deferred underwriting fee   4,554,000   4,554,000  
Total Liabilities   9,230,907   12,698,236  
LONG-TERM LIABILITIES:          
Preferred stock value      
Class A common stock value   16   16  
Class B common stock value   316   316  
Additional paid-in capital      
Accumulated deficit   (8,292,067)   (11,827,524)  
Total Stockholders’ Deficit $ (28,238) (8,291,735) $ (25,818) (11,827,192) $ (16,854)
Total Liabilities, Redeemable Common Stock and Stockholders’ Deficit   10,937,119   129,268,544  
Current Liabilities          
Class A common stock subject to possible redemption   $ 9,997,947   $ 128,397,500  
DIGERATI TECHNOLOGIES, INC          
Current Assets          
Cash 2,203   1,509   1,489
Accounts receivable, net 828   622   617
Prepaid and other current assets 422   383   232
Total current assets 3,453   2,514   2,338
Total Assets 40,963   41,685   16,520
LONG-TERM ASSETS:          
Intangible assets, net 13,678   15,188   8,527
Goodwill 19,380   19,380   3,931
Property and equipment, net 1,502   1,647   529
Other assets 448   273   76
Investment in Itellum 185   185   185
Right-of-use asset     2,498   934
Right-of-use assets - financing 373   62    
Right-of-use assets - operating 1,944   2,436    
Accounts payable 3,645   3,222   1,653
Accrued liabilities 9,406   9,627   2,570
Equipment financing 127   21   37
Convertible note payable, current, net of discount 6,009   3,948   1,049
Note payable, current, related party, net of discount 604   833   998
Note payable, current, net of discount 11,714   870   2,963
Acquisition payable 1,000   1,000    
Total current liabilities 44,218   31,837   26,566
Deferred income 1,210   931   20
Derivative liability 9,879   10,588   16,773
Total Liabilities 69,201   67,503   33,374
Operating lease liability, current 624   797   503
LONG-TERM LIABILITIES:          
Notes payable, related party, net of debt discount $0 and $0, respectively       136
Preferred stock value    
Additional paid-in capital 92,306   89,487   89,100
Accumulated deficit (118,153)   (113,393)   (105,380)
Total Stockholders’ Deficit (25,694)   (23,763)   (16,140)
Total Liabilities, Redeemable Common Stock and Stockholders’ Deficit 40,963   41,685   16,520
Note payable, net of discount 23,206   33,335   6,241
Convertible note payable     500    
Equipment financing 248   43    
Operating lease liability, net of current portion 1,529   1,788   431
Total long-term liabilities 24,983   35,666   6,808
STOCKHOLDERS’ DEFICIT:          
Common stock value 152   142   139
Other comprehensive income 1   1   1
Noncontrolling interest (2,544)   (2,055)   (714)
Total stockholders’ deficit $ (28,238)   $ (25,818)   $ (16,854)