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Significant Accounting Policies (Tables)
6 Months Ended 12 Months Ended
Jan. 31, 2023
Dec. 31, 2022
Jul. 31, 2022
Significant Accounting Policies (Tables) [Line Items]      
Schedule of common stock reflected on the balance sheet are reconciled  
Gross proceeds from IPO  $126,500,000 
Less:     
Proceeds allocated to Public Warrants   (10,141,998)
Class A common stock issuance costs   (8,257,504)
Plus:     
Remeasurement of carrying value to redemption value   20,297,002 
Class A common stock subject to possible redemption at redemption value, December 31, 2021  $128,397,500 
Common stock redeemed   (119,833,806)
Remeasurement of carrying value to redemption value   1,434,252 
Class A common stock subject to possible redemption at redemption value, December 31, 2022  $9,997,947 

 

 
Schedule of basic and diluted net income per share
   Three months ended   Six months ended 
   January 31,   January 31, 
(in thousands, except per share data)  2023   2022   2023   2022 
NUMERATOR:                
NET INCOME (LOSS)   220    (11,047)   (4,768)   (8,628)
DENOMINATOR:                    
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING - BASIC   148,702,169    139,203,973    145,880,177    138,963,449 
   $0.00   $(0.08)  $(0.03)  $(0.06)

 

   Three months ended   Six months ended 
   January 31,   January 31, 
(in thousands, except per share data)  2023   2022   2023   2022 
NUMERATOR:                
NET INCOME (LOSS)  $220   $(11,047)  $(4,768)  $(8,628)
Less: adjustments to net income   (3,482)    
-
    
-
    
-
 
NET INCOME (LOSS) -  DILUTED SHARES OUTSTANDING CALCULATION  $(3,262)   $(11,047)  $(4,768)  $(8,628)
DENOMINATOR:                    
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING - BASIC   148,702,169    139,203,973    145,880,177    138,963,449 
Warrants and Options to purchase common stock   114,026,672    
-
    
-
    
-
 
Convertible Debt   -    
-
    
-
    
-
 
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING - DILUTED   262,728,841    139,203,973    145,880,177    138,963,449 
LOSS PER COMMON SHARE - DILUTED  $(0.01)   $(0.08)  $(0.03)  $(0.06)

 

   Year Ended December 31,
2022
   For the Period from
February 18,
2021
(Inception) Through
December 31,
2021
 
   Class A   Class B   Class A   Class B 
Basic and diluted net income per common stock                
Numerator:                
Allocation of net income, as adjusted  $2,218,971   $3,721,324   $3,917,196   $1,989,018 
Denominator:                    
Basic and diluted weighted average shares outstanding
   1,885,752    3,162,500    5,010,118    2,543,967 
Basic and diluted net income per common stock
  $1.18   $1.18   $0.78   $0.78 

 

 
Schedule of disaggregated revenue
   For the Three Months
Ended January 31,
   For the Six Months
 Ended January 31,
 
   2023   2022   2023   2022 
                 
Cloud software and service revenue  $7,840   $3,966   $15,917   $7,669 
Product revenue   101    53    154    127 
Total operating revenues  $7,941   $4,019   $16,071   $7,796 

 

   
Schedule of derivative financial instruments measured at fair value on a recurring basis
       Fair value measurements at reporting
date using.
 
       Quoted
prices
in active
markets
for identical
liabilities
   Significant
other
observable
inputs
   Significant
unobservable
inputs
 
Description  Fair Value   (Level 1)   (Level 2)   (Level 3) 
Derivative liability at July 31, 2022  $10,587,717    
           -
    
           -
   $10,587,717 
                     
Derivative liability at January 31, 2023  $9,879,046    
-
    
-
   $9,879,046 

 

   
Schedule of determined using the Black-Scholes option pricing model
Expected dividend yield 0.00%
Expected stock price volatility 63.32% - 250.19%
Risk-free interest rate 0.03% - 2.98%
Expected term 0.05 - 9.50 years

 

Expected dividend yield 0.00%
Expected stock price volatility 66.27% - 200.44%
Risk-free interest rate 3.52% - 4.70%
Expected term 0.08 - 7.80 years

 

   
Schedule of dilutive weighted average shares
   Three months ended
January 31,
   Six months ended
January 31,
 
   2023   2022   2023   2022 
                 
Convertible Preferred Shares   61,078,654    56,645,216    61,078,654    56,645,216 
Convertible Debt   77,735,744    26,653,354    77,735,744    26,653,354 
Total   138,814,398    83,298,570    138,814,398    83,298,570 

 

   
DIGERATI TECHNOLOGIES, INC [Member]      
Significant Accounting Policies (Tables) [Line Items]      
Schedule of disaggregated revenue    
   For the Years ended
July 31,
 
   2022   2021 
Cloud software and service revenue  $23,871   $12,153 
Product revenue   283    263 
Total operating revenues  $24,154   $12,416 

 

Schedule of derivative financial instruments measured at fair value on a recurring basis    
       Fair value measurements at
reporting date using:
 
Description  Fair Value   Quoted prices in
active markets
for identical
liabilities
(Level 1)
   Significant
other
observable
inputs
(Level 2)
   Significant
unobservable inputs
(Level 3)
 
Convertible promissory notes derivative liability at July 31, 2021  $16,773,383    
    -
    
       -
   $16,773,383 
Convertible promissory notes derivative liability at July 31, 2022  $10,587,717    
-
    
-
   $10,587,717 

 

Schedule of determined using the Black-Scholes option pricing model    
Expected dividend yield     0.00%
Expected stock price volatility     63.32% - 250.19% 
Risk-free interest rate     0.03% - 2.98% 
Expected term     0.05 - 9.50 years  

 

         
Expected dividend yield     0.00%
Expected stock price volatility     125.60% - 283.01%
Risk-free interest rate     0.05% - 1.65% 
Expected term     0.03 - 10.00 years  

 

Schedule of derivative financial instruments measured at fair value on a recurring basis    
Balance at July 31, 2020  $606,123 
Derivative from new convertible promissory notes and warrants recorded as debt discount   6,820,108 
Derivative liability resolved to additional paid in capital due to debt conversion   (588,097)
Derivative loss   9,935,249 
Balance at July 31, 2021  $16,773,383 
Derivative gain   (6,185,666)
Balance at July 31, 2022  $10,587,717 

 

Schedule of dilutive weighted average shares    
    7/31/2022     7/31/2021  
Options to purchase common stock     9,130,000       9,230,000  
Warrants to purchase common stock     108,841,179       109,506,179  
Convertible debt     43,628,667       20,506,684  
Convertible Series A Preferred stock     750,000       750,000  
Convertible Series B Preferred stock     25,575,847       24,936,847  
Convertible Series C Preferred stock     31,259,369       30,478,369  
Total:     219,185,062       195,408,079