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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Apr. 30, 2022
Jul. 31, 2021
CURRENT ASSETS:    
Cash and cash equivalents $ 2,384 $ 1,489
Accounts receivable, net 1,602 617
Prepaid and other current assets 867 232
Total current assets 4,853 2,338
LONG-TERM ASSETS:    
Intangible assets, net 24,969 8,527
Goodwill 8,878 3,931
Property and equipment, net 1,742 529
Other assets 398 76
Investment in Itellum 185 185
Right-of-use asset 1,966 934
Total assets 42,991 16,520
CURRENT LIABILITIES:    
Accounts payable 3,514 1,653
Accrued liabilities 8,164 2,570
Equipment financing 14 37
Convertible note payable, current, net $92 and $340, respectively 3,286 1,049
Note payable, current, related party, net $0 and $0, respectively 1,024 998
Note payable, current, net $0 and $714, respectively 1,050 2,963
Acquisition payable 1,000
Deferred income 2,140 20
Derivative liability 8,922 16,773
Operating lease liability, current 773 503
Total current liabilities 29,887 26,566
LONG-TERM LIABILITIES:    
Convertible note payable 750  
Notes payable, related party, net $0 and $0, respectively 100 136
Note payable, net $0 and $4,641, respectively 33,568 6,241
Operating lease liability 1,349 431
Total long-term liabilities 35,767 6,808
Total liabilities 65,654 33,374
Commitments and contingencies
STOCKHOLDERS’ DEFICIT:    
Preferred Stock Value
Common stock, $0.001, 500,000,000 shares authorized, 139,988,039 and 138,538,039 issued and outstanding, respectively (28,000,000 reserved in Treasury) 139 139
Additional paid in capital 89,309 89,100
Accumulated deficit (110,092) (105,380)
Other comprehensive income 1 1
Total Digerati’s stockholders’ deficit (20,643) (16,140)
Noncontrolling interest (2,020) (714)
Total stockholders’ deficit (22,663) (16,854)
Total liabilities and stockholders’ deficit 42,991 16,520
Convertible Series A Preferred Stock    
STOCKHOLDERS’ DEFICIT:    
Preferred Stock Value
Convertible Series B Preferred Stock    
STOCKHOLDERS’ DEFICIT:    
Preferred Stock Value
Convertible Series C Preferred Stock    
STOCKHOLDERS’ DEFICIT:    
Preferred Stock Value
Series F Super Voting Preferred Stock    
STOCKHOLDERS’ DEFICIT:    
Preferred Stock Value