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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Oct. 31, 2019
Jul. 31, 2019
CURRENT ASSETS:    
Cash and cash equivalents $ 469 $ 406
Accounts receivable, net 277 262
Prepaid and other current assets 114 107
Right-of-use asset 139
Total current assets 999 775
LONG-TERM ASSETS:    
Intangible assets, net 1,736 1,832
Goodwill, net 810 810
Property and equipment, net 536 579
Other assets 73 58
Investment in Itellum 185 185
Right-of-use asset 144
Total assets 4,483 4,239
CURRENT LIABILITIES:    
Accounts payable 1,307 1,264
Accrued liabilities 1,570 1,493
Equipment financing 66 65
Convertible note payable, current, net $460 and $547, respectively 1,162 1,005
Note payable, current, related party, net of $6 and $7, respectively 366 383
Note payable, current, net $0 and $0, respectively 1,218 1,218
Deferred income 243 285
Derivative liability 1,302 927
Lease liability 139
Total current liabilities 7,373 6,640
LONG-TERM LIABILITIES:    
Convertible debenture, net $0 and $29, respectively 21
Notes payable, related party, net $15 and $17, respectively 122 136
Equipment financing 83 100
Lease liability 144
Total long-term liabilities 349 257
Total liabilities 7,722 6,897
STOCKHOLDERS' DEFICIT:    
Preferred stock, $0.001, 50,000,000 shares authorized, 225,000 and 0 issued and outstanding, respectively
Common stock, $0.001, 150,000,000 shares authorized, 33,212,707 and 23,740,406 issued and outstanding, respectively (6,000,000 reserved in Treasury) 33 24
Additional paid in capital 83,903 82,972
Accumulated deficit (86,828) (85,320)
Other comprehensive income 1 1
Total Digerati's stockholders' deficit (2,891) (2,323)
Noncontrolling interest (348) (335)
Total stockholders' deficit (3,239) (2,658)
Total liabilities and stockholders' deficit $ 4,483 $ 4,239