Acquisitions (Tables)

9 Months Ended

Apr. 30, 2022

Asset Acquisition [Abstract]

Schedule of preliminary allocation of the purchase price to the assets

	Skynet
	(in thousands)
Accounts receivable, net	$	134
Inventory		8
Intangible assets and Goodwill		5,800
Property and Equipment, net		16
Operating lease right-of-use asset		45
Deposits and other assets		6
Total identifiable assets	$	6,009
Less: Liabilities assumed		209
Total Purchase price	$	5,800

	Next Level
	Internet
	(in thousands)
Cash	$	171
Accounts receivable, net		469
Prepaid and other current assets		541
Intangible assets and Goodwill		18,103
Property and Equipment, net		1,302
Deposits and other assets		339
Operating lease right-of-use asset		1,246
Total identifiable assets	$	22,171
Less: Liabilities assumed		7,902
Less: Operating lease liability		1,408
Total Purchase price	$	12,861

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

	Skynet		Useful Life
	(in thousands)		(in Years)
Customer Relationships	$	2,378	7
Trade Names and Trademarks		1,624	7
Non-Compete Agreement		174	2-3
Goodwill		1,624	-
Total intangible assets	$	5,800

	Next Level
	Internet		Useful Life
	(in thousands)		(in Years)
Customer Relationships	$	7,422	7
Trade Names and Trademarks		5,069	7
Non-Compete Agreement		1,991	2
Goodwill		3,621	-
Total intangible assets	$	18,103

Schedule of contains proforma consolidated

	(In thousands)
	Nine months ended April 30,
	2022						2021
	Reported			Proforma			Reported			Proforma
Revenue	$	15,959		$	17,501		$	8,629		$	11,216
Income (loss) from operations		(3,525	)		(3,280	)		(1,978	)		(1,502	)
Net income (loss)	$	(4,726	)	$	(4,479	)	$	(15,484	)	$	(14,845	)
Earnings (loss) per common share-Basic and Diluted	$	(0.03	)	$	(0.03	)	$	(0.12	)	$	(0.12	)

	(In thousands)
	Nine months ended April 30,
	2022						2021
	Reported			Proforma			Reported			Proforma
Revenue	$	15,959		$	23,291		$	8,629		$	18,007
Income (loss) from operations		(3,525	)		(3,165	)		(1,978	)		(2,260	)
Net income (loss)	$	(4,726	)	$	(4,382	)	$	(15,484	)	$	(15,800	)
Earnings (loss) per common share-Basic and Diluted	$	(0.03	)	$	(0.03	)	$	(0.12	)	$	(0.12	)