XML 25 R6.htm IDEA: XBRL DOCUMENT v3.21.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jul. 31, 2021
Jul. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (17,015) $ (3,424)
Adjustments to reconcile net loss to cash (used in)/provided by operating activities:    
Depreciation and amortization expense 1,707 613
Stock compensation and warrant expense 624 1,127
Bad debt expense (recovery) 17 (5)
Amortization of ROU Asset - operating 328 140
Amortization of debt discount 2,809 1,228
Loss (Gain) on derivative liabilities 9,935 (263)
Gain on settlement of debt (560) (134)
Accrued interest added to principal 510
Preferred stock C issued for settlement of AP from current year 333
Stock issued for debt extension 59
Changes in operating assets and liabilities:    
Accounts receivable (69) 60
Prepaid expenses and other current assets 46 (23)
Inventory (27)
Right of use operating lease liability (328) (140)
Accounts payable 99 235
Accrued expenses 1,083 646
Deferred income (259) (6)
Net cash (used in) / provided by operating activities (708) 54
CASH FLOWS FROM INVESTING ACTIVITIES:    
Cash paid in acquisition of equipment (410) (85)
Cash paid for escrow deposit related to acquisition (127)
Acquisitions of VoIP assets, net of cash received (10,390)
Net cash used in investing activities (10,800) (212)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Borrowings from convertible debt, net of original issuance cost and discounts 1,078 435
Proceeds from sale of stock and warrants 34 99
Borrowings from related party note, net 70
Borrowings from third party promissory notes, net 556
Borrowings from debt, net of original issuance cost and discounts 13,036
Payment of debt financing cost (75)
Principal payments on debt, net (1,338)
Principal payments on convertible notes, net (266) (140)
Principal payments on related party notes, net (169) (443)
Principal payment on equipment financing (63) (65)
Net cash provided by financing activities 12,312 437
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 804 279
CASH AND CASH EQUIVALENTS, beginning of period 685 406
CASH AND CASH EQUIVALENTS, end of period 1,489 685
SUPPLEMENTAL DISCLOSURES:    
Cash paid for interest 1,111 547
Income tax paid
SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING AND FINANCING ACTIVITIES    
Beneficial conversion feature on convertible debt 282
Debt discount from common stock issued with debt 147 12
Debt discount from derivative liabilities 358 814
Debt discount from PRG warrant derivative 6,462
Debt from assignment of accrued interest 113
Promissory note reclassed to convertible debt 15
Capitalization of ROU assets and liabilities - operating 440 316
Preferred Stock Series A and warrants issued for AP settlement 25
Preferred Stock Series B issued for debt conversion and settlement 18 408
Preferred Stock Series C issued for AP settlement 221
Common Stock issued for debt conversion 429 525
Common Stock issued for interest payment 18
Common Stock issued for accounts payable 60
Common Stock issued for debt extension 50
Dividend declared 20 19
Derivative liability resolved to APIC due to debt conversion 588 872
Capitalized expense related to debt financing cost $ 13