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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Apr. 30, 2020
Apr. 30, 2019
Apr. 30, 2020
Apr. 30, 2019
OPERATING REVENUES:        
Cloud software and service revenue $ 1,566 $ 1,485 $ 4,712 $ 4,493
Total operating revenues 1,566 1,485 4,712 4,493
OPERATING EXPENSES:        
Cost of services (exclusive of depreciation and amortization) 764 770 2,343 2,322
Selling, general and administrative expense 1,047 1,220 3,357 3,040
Legal and professional fees 98 95 408 305
Bad debt (19) (19) (3)
Depreciation and amortization expense 148 167 465 505
Total operating expenses 2,038 2,252 6,554 6,169
OPERATING LOSS (472) (767) (1,842) (1,676)
OTHER INCOME (EXPENSE):        
Gain (loss) on derivative instruments (249) 903 69 (594)
Gain on settlement of debt 134 134
Income tax benefit (expense) (10) (10) 22 (37)
Interest expense (511) (376) (1,513) (1,414)
Total other income (expense) (636) 517 (1,288) (2,045)
NET LOSS INCLUDING NONCONTROLLING INTEREST (1,108) (250) (3,130) (3,721)
Less: Net loss attributable to the noncontrolling interests 1 29 58 87
NET LOSS ATTRIBUTABLE TO DIGERATI'S SHAREHOLDERS (1,107) (221) (3,072) (3,634)
Deemed dividend on Series A Convertible preferred stock (2) (2)
NET LOSS ATTRIBUTABLE TO DIGERATI’S COMMON SHAREHOLDERS $ (1,107) $ (223) $ (3,072) $ (3,636)
LOSS PER COMMON SHARE - BASIC $ (0.02) $ (0.01) $ (0.07) $ (0.24)
LOSS PER COMMON SHARE - DILUTED $ (0.02) $ (0.01) $ (0.07) $ (0.24)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING - BASIC 61,624,640 18,184,442 41,445,900 15,163,082
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING - DILUTED 61,624,640 18,184,442 41,445,900 15,163,082