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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Jul. 31, 2018
Jul. 31, 2017
OPERATING REVENUES:    
Cloud-based hosted services $ 2,001 $ 193
Total operating revenues 2,001 193
OPERATING EXPENSES:    
Cost of services (exclusive of depreciation and amortization) 1,053 134
Loss on disposal of unproven oil and gas properties 248
Selling, general and administrative expense 1,563 914
Stock compensation & warrant expense 1,521 773
Legal and professional fees 490 290
Bad debt 15
Depreciation and amortization expense 227 18
Total operating expenses 4,869 2,377
OPERATING LOSS (2,868) (2,184)
OTHER INCOME (EXPENSE):    
Loss on derivative instruments (91)
Miscellaneous gain 2,623
Income tax benefit 118
Interest income (expense) (379)
Total other income (expense) (352) 2,623
NET INCOME (LOSS) INCLUDING NONCONTROLLING INTEREST (3,220) 439
Less: Net loss attributable to the noncontrolling interest 57
NET INCOME / (LOSS) ATTRIBUTABLE TO DIGERATI’S SHAREHOLDERS $ (3,163) $ 439
INCOME (LOSS) PER SHARE - BASIC $ (0.31) $ 0.07
INCOME (LOSS) PER SHARE - DILUTED $ (0.31) $ 0.06
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING - BASIC 10,339,371 6,339,906
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING - DILUTED 10,339,371 6,982,081