XML 15 R2.htm IDEA: XBRL DOCUMENT v3.19.2
Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Apr. 30, 2019
Jul. 31, 2018
CURRENT ASSETS:    
Cash and cash equivalents $ 460 $ 388
Accounts receivable, net 245 229
Prepaid and other current assets 80 124
Deposits 55
Total current assets 840 741
LONG-TERM ASSETS:    
Intangible assets, net 2,736 3,046
Property and equipment, net 535 713
Other assets 58 59
Total assets 4,169 4,559
CURRENT LIABILITIES:    
Accounts payable 1,173 1,177
Accrued liabilities 1,432 893
Current portion of capital lease obligations 32 30
Convertible note payable, current, net $11 and $187, respectively 761 585
Note payable, current, related party 425 126
Note payable, current, net $0 and $0, respectively 1,200 725
Convertible note payable, current, net $345 and $273, respectively 235 33
Deferred income 314 262
Derivative liability 1,303 632
Total current liabilities 6,875 4,463
LONG-TERM LIABILITIES:    
Convertible debenture, net $99 and $273, respectively 51 27
Notes payable, related party, net $27 and $38, respectively 147 505
Note payable 500
Obligations under capital leases 40 64
Total long-term liabilities 238 1,096
Total liabilities 7,113 5,559
Commitments and contingencies
STOCKHOLDERS' DEFICIT:    
Preferred stock, $0.001, 50,000,000 shares authorized, 50,000 and 0 issued and outstanding, respectively
Common stock, $0.001, 150,000,000 shares authorized, 18,876,431 and 12,775,143 issued and outstanding, respectively 19 13
Additional paid in capital 81,764 79,993
Accumulated deficit (84,434) (80,800)
Other comprehensive income 1 1
Total Digerati's stockholders' deficit (2,650) (793)
Noncontrolling interest (294) (207)
Total stockholders' deficit (2,944) (1,000)
Total liabilities and stockholders' deficit $ 4,169 $ 4,559