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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jan. 31, 2021
Jan. 31, 2020
Jan. 31, 2021
Jan. 31, 2020
OPERATING REVENUES:        
Cloud software and service revenue $ 3,326 $ 1,557 $ 4,878 $ 3,146
Total operating revenues 3,326 1,557 4,878 3,146
OPERATING EXPENSES:        
Cost of services (exclusive of depreciation and amortization) 1,434 776 2,182 1,579
Selling, general and administrative expense 1,965 1,118 2,976 2,310
Legal and professional fees 255 208 513 310
Bad debt 4 1 4 1
Depreciation and amortization expense 432 153 593 316
Total operating expenses 4,090 2,256 6,268 4,516
OPERATING LOSS (764) (699) (1,390) (1,370)
OTHER INCOME (EXPENSE):        
Gain (loss) on derivative instruments (160) 783 18 318
Gain (loss) on settlement of debt 197 197
Income tax benefit (expense) (51) (7) (59) 32
Interest expense (1,202) (578) (1,502) (1,002)
Total other income (expense) (1,216) 198 (1,346) (652)
NET LOSS INCLUDING NONCONTROLLING INTEREST 1,980 (501) (2,736) (2,022)
Less: Net loss attributable to the noncontrolling interests 30 44 65 57
NET LOSS ATTRIBUTABLE TO DIGERATI'S SHAREHOLDERS (1,950) (457) (2,671) (1,965)
Deemed dividend on Series A Convertible preferred stock (5) (10)
NET LOSS ATTRIBUTABLE TO DIGERATI'S COMMON SHAREHOLDERS $ (1,955) $ (457) $ (2,681) $ (1,965)
LOSS PER COMMON SHARE - BASIC $ (0.02) $ (0.01) $ (0.02) $ (0.06)
LOSS PER COMMON SHARE - DILUTED $ (0.02) $ (0.01) $ (0.02) $ (0.06)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING - BASIC 122,706,601 38,118,032 121,578,716 31,598,490
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING - DILUTED 122,706,601 38,118,032 121,578,716 31,598,490