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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Oct. 31, 2021
Oct. 31, 2020
OPERATING REVENUES:    
Cloud software and service revenue $ 3,777 $ 1,552
Total operating revenues 3,777 1,552
OPERATING EXPENSES:    
Cost of services (exclusive of depreciation and amortization) 1,490 748
Selling, general and administrative expense 1,788 1,011
Legal and professional fees 574 258
Bad debt expense 13  
Depreciation and amortization expense 492 161
Total operating expenses 4,357 2,178
OPERATING LOSS (580) (626)
OTHER INCOME (EXPENSE):    
Gain (loss) on derivative instruments 4,433 178
Income tax benefit (expense) (77) (8)
Other income (expense) (4)  
Interest expense (1,506) (300)
Total other income (expense) 2,846 (130)
NET INCOME (LOSS) INCLUDING NONCONTROLLING INTEREST 2,266 (756)
Less: Net loss attributable to the noncontrolling interests 158 35
NET INCOME (LOSS) ATTRIBUTABLE TO DIGERATI’S SHAREHOLDERS 2,424 (721)
Deemed dividend on Series A Convertible preferred stock (5) (5)
NET INCOME (LOSS) ATTRIBUTABLE TO DIGERATI’S COMMON SHAREHOLDERS $ 2,419 $ (726)
INCOME (LOSS) PER COMMON SHARE - BASIC (in Dollars per share) $ 0.02 $ (0.01)
LOSS PER COMMON SHARE - DILUTED (in Dollars per share) $ (0.01) $ (0.01)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING - BASIC (in Shares) 138,719,017 119,914,246
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING - DILUTED (in Shares) 250,723,611 119,914,246