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Equipment Financing (Tables)
6 Months Ended 12 Months Ended
Jan. 31, 2023
Jul. 31, 2022
Equipment Financing (Tables) [Line Items]    
Schedule of amounts recognized equipment financing
ROU Asset  July 31, 2022  $ 62,263 
Amortization     $(54,109)
Addition - Asset     $365,083 
ROU Asset  January 31, 2023  $373,237 
         
Equipment Financing  July 31, 2022  $62,263 
Amortization     $(52,109)
Addition - Equipment Financing     $365,083 
Equipment Financing  January 31, 2023  $375,237 
         
Equipment Financing  Short term  $126,738 
Equipment Financing  Long term  $248,499 
Equipment Financing  Total:  $375,237 

 

 
Schedule of future payments under the equipment financing agreements
Year  Amount 
2023*  $95,094 
2024   135,604 
2025   125,478 
2026   42,527 
2027   4,600 
2028   1,533 
Total future payments:  $404,836 

 

Less: amounts representing interest   29,599 
      
Present value of net minimum equipment financing payments  $375,237 
Lease cost:     
Amortization of ROU assets  $54,109 
Interest on lease liabilities   15,626 
      
Cash paid for amounts included in the measurement of lease liabilities:     
Operating cashflow from equipment financing:  $15,626 
Financing cashflow from equipment financing:   54,109 
      
Weighted-average remaining lease term - equipment financing:   2.8 years 
      
Weighted-average discount rate   5.0%
 
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%