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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jul. 31, 2021
Jul. 31, 2020
CURRENT ASSETS:    
Cash and cash equivalents $ 1,489 $ 685
Accounts receivable, net 617 208
Prepaid and other current assets 232 361
Total current assets 2,338 1,254
LONG-TERM ASSETS:    
Intangible assets, net 8,527 1,451
Goodwill, net 3,931 810
Property and equipment, net 529 431
Other assets 76 43
Investment in Itellum 185 185
Right-of-use asset 934 176
Total assets 16,520 4,350
CURRENT LIABILITIES:    
Accounts payable 1,653 1,487
Accrued liabilities 2,570 1,840
Equipment financing 37 62
Convertible note payable, current, net $340 and $295, respectively 1,049 548
Note payable, current, related party, net $0 and $0, respectively 998 78
Note payable, current, net $714 and $0, respectively 2,963 1,571
Deferred income 20 279
Derivative liability 16,773 606
Operating lease liability, current 503 99
Total current liabilities 26,566 6,570
LONG-TERM LIABILITIES:    
Notes payable, related party, net $0 and $6, respectively 136 85
Note payable, net $4,641 and $0, respectively 6,241 193
Equipment financing 38
Operating lease liability 431 77
Total long-term liabilities 6,808 393
Total liabilities 33,374 6,963
Commitments and contingencies
STOCKHOLDERS’ DEFICIT:    
Preferred stock, Value
Common stock, $0.001, 500,000,000 shares authorized, 138,538,039 and 101,323,590 issued and outstanding, respectively (25,000,000 reserved in Treasury) 139 101
Additional paid in capital 89,100 86,364
Accumulated deficit (105,380) (88,697)
Other comprehensive income 1 1
Total Digerati’s stockholders’ deficit (16,140) (2,231)
Noncontrolling interest (714) (382)
Total stockholders’ deficit (16,854) (2,613)
Total liabilities and stockholders’ deficit 16,520 4,350
Series A Preferred Stock    
STOCKHOLDERS’ DEFICIT:    
Preferred stock, Value
Total stockholders’ deficit
Series B Preferred Stock    
STOCKHOLDERS’ DEFICIT:    
Preferred stock, Value
Total stockholders’ deficit
Series C Preferred Stock    
STOCKHOLDERS’ DEFICIT:    
Preferred stock, Value
Total stockholders’ deficit
Series F Super Voting Preferred stock    
STOCKHOLDERS’ DEFICIT:    
Preferred stock, Value
Total stockholders’ deficit