Business Acquisitions (Tables) - DIGERATI TECHNOLOGIES, INC [Member]

12 Months Ended

Jul. 31, 2022

Business Acquisitions (Tables) [Line Items]

Schedule of breakdown intangible assets

	Skynet		Next Level Internet		Total
			(in thousands)
Cash	$	-	$	171	$	171
Accounts receivable, net		98		469		567
Current Assets		44		69		113
Intangible assets and Goodwill		5,744		19,079		24,823
Property and Equipment, net		16		2,549		2,565
Total other current assets		50		16		66
Total identifiable assets	$	5,952	$	22,353	$	28,305
Less: Liabilities assumed		252		9,311		9,563
Total Purchase price, net	$	5,700	$	13,042	$	18,742

Schedule of cost of intangible assets

	Skynet		Next Level Internet		Total		Useful Life
			(in thousands)				(in Years)
Trade Names and Trademarks	$	820	$	2,050	$	2,870		7 - 10
Customer Relationships		2,228		3,337		5,565		7 - 10
Non-Compete Agreement		170		470		640		2
Goodwill		2,526		13,222		15,748		-
Total intangible assets	$	5,744	$	19,079	$	24,823

Schedule of proforma results of operations in acquisition

	(In thousands)
	For the Years ended July 31,
	2022						2021
	Reported			Proforma			Reported			Proforma
Revenue	$	24,154		$	33,028		$	12,416		$	28,747
Income (loss) from operations		(3,676	)		(3,070	)		(2,398	)		(2,062	)
Net income (loss)	$	(8,032	)	$	(7,441	)	$	(16,703	)	$	(16,121	)
Earnings (loss) per common share-Basic and Diluted	$	(0.05	)	$	(0.05	)	$	(0.13	)	$	(0.12	)