Business Acquisitions (Tables)

12 Months Ended

Jul. 31, 2021

Business Combinations [Abstract]

Schedule of fair values intangible assets

	Nexogy			ActivePBX			Total
				(in thousands)
Cash	$	358		$	-		$	358
Accounts receivables		278			78			356
Intangible Assets and Goodwill		9,036			2,555			11,591
Property and equipment, net		-			-			-
Other Assets		48			2			50
Right-to-use Asset		646			-			646
Total identifiable assets	$	10,366		$	2,635		$	13,001
Less: Liabilities assumed		(268	)		(80	)		(348	)
Less: Operating lease liability		(646	)		-			(646	)
Total Purchase price	$	9,452		$	2,555		$	12,007

Schedule of the estimated cost of intangible assets related to the acquisition

							Useful life
	Nexogy		ActivePBX		Total		(years)
			(in thousands)
Customer  Relationships	$	3,700	$	1,610	$	5,310		7
Trade Names & Trademarks		2,600		270		2,870		7
Non-compete Agreement		200		90		290		2-3
Goodwill		2,536		585		3,121		N/A
	$	9,036	$	2,555	$	11,591

Schedule of proforma results of operations in acquisition

	Year ended July 31,
	2021						2020
	Reported			Pro-forma			Reported			Pro-forma
Revenue	$	12,416		$	14,914		$	6,279		$	14,575
Income (loss) from operations		(2,398	)		(1,881	)		(2,112	)		(2,085	)
Net income (loss)	$	(17,015	)	$	(16,570	)	$	(3,424	)	$	(3,573	)
Earnings (loss) per common share-Basic and Diluted	$	(0.13	)	$	(0.13	)	$	(0.06	)	$	(0.07	)