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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Apr. 30, 2022
Apr. 30, 2021
Apr. 30, 2022
Apr. 30, 2021
OPERATING REVENUES:        
Cloud software and service revenue $ 8,163 $ 3,751 $ 15,959 $ 8,629
Total operating revenues 8,163 3,751 15,959 8,629
OPERATING EXPENSES:        
Cost of services (exclusive of depreciation and amortization) 3,161 1,526 6,203 3,708
Selling, general and administrative expense 4,296 1,993 8,211 4,969
Legal and professional fees 756 204 2,505 717
Bad debt expense 36 5 51 9
Depreciation and amortization expense 1,540 611 2,514 1,204
Total operating expenses 9,789 4,339 19,484 10,607
OPERATING LOSS (1,626) (588) (3,525) (1,978)
OTHER INCOME (EXPENSE):        
Gain (loss) on derivative instruments 6,827 (10,878) 7,835 (10,860)
Loss on extinguishment of debt (5,480)
Gain on settlement of debt 150 347
Income tax benefit (expense) (167) (63) (285) (122)
Other income (expense) 2
Interest expense (1,676) (1,577) (4,563) (3,079)
Total other income (expense) 4,986 (12,368) (2,493) (13,714)
NET INCOME (LOSS) INCLUDING NONCONTROLLING INTEREST 3,360 (12,956) (6,018) (15,692)
Less: Net loss attributable to the noncontrolling interests 546 158 1,306 223
NET INCOME (LOSS) ATTRIBUTABLE TO DIGERATI’S SHAREHOLDERS 3,906 (12,798) (4,712) (15,469)
Deemed dividend on Series A Convertible preferred stock (4) (5) (14) (15)
NET INCOME (LOSS) ATTRIBUTABLE TO DIGERATI’S COMMON SHAREHOLDERS $ 3,902 $ (12,803) $ (4,726) $ (15,484)
INCOME (LOSS) PER COMMON SHARE - BASIC (in Dollars per share) $ 0.03 $ (0.09) $ (0.03) $ (0.12)
LOSS PER COMMON SHARE - DILUTED (in Dollars per share) $ (0.01) $ (0.09) $ (0.03) $ (0.12)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING - BASIC (in Shares) 139,751,107 136,719,871 139,285,833 126,524,312
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING - DILUTED (in Shares) 254,167,793 136,719,871 139,285,833 126,524,312