XML 46 R4.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Oct. 31, 2019
Oct. 31, 2018
OPERATING REVENUES:    
Cloud software and service revenue $ 1,589 $ 1,522
Total operating revenues 1,589 1,522
OPERATING EXPENSES:    
Cost of services (exclusive of depreciation and amortization) 803 757
Selling, general and administrative expense 1,192 887
Legal and professional fees 102 124
Bad debt (3)
Depreciation and amortization expense 163 170
Total operating expenses 2,260 1,935
OPERATING LOSS (671) (413)
OTHER INCOME (EXPENSE):    
Loss on derivative instruments (465) (139)
Income (tax) benefit 39 (13)
Interest expense (424) (376)
Total other expense (850) (528)
NET LOSS INCLUDING NONCONTROLLING INTEREST (1,521) (941)
Less: Net loss attributable to the noncontrolling interests 13 27
NET LOSS ATTRIBUTABLE TO DIGERATI’S SHAREHOLDERS (1,508) (914)
Deemed dividend on Series A Convertible preferred stock
NET LOSS ATTRIBUTABLE TO DIGERATI’S COMMON SHAREHOLDERS $ (1,508) $ (914)
LOSS PER COMMON SHARE - BASIC $ (0.06) $ (0.07)
LOSS PER COMMON SHARE - DILUTED $ (0.06) $ (0.07)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING - BASIC 25,061,210 12,905,639
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING - DILUTED 25,061,210 12,905,639