Property and Equipment

12 Months Ended

Jul. 31, 2021

Property, Plant and Equipment [Abstract]

PROPERTY AND EQUIPMENT

NOTE 4 - PROPERTY AND EQUIPMENT

Following is a summary of Digerati’s property and equipment at July 31, 2021 and 2020 (in thousands):

	Useful lives	2021			2020
Telecom equipment & software	1-7 years	$	1,345		$	1,064
Less: accumulated depreciation			(816	)		(633	)
Net–property and equipment		$	529		$	431

The Company uses straight-line depreciation, for the years ended July 31, 2021 and 2020, depreciation totaled approximately $311,000 and $234,000, respectively.