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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jan. 31, 2023
Jan. 31, 2022
Jan. 31, 2023
Jan. 31, 2022
OPERATING REVENUES:        
Cloud software and service revenue $ 7,941 $ 4,019 $ 16,071 $ 7,796
Total operating revenues 7,941 4,019 16,071 7,796
OPERATING EXPENSES:        
Cost of services (exclusive of depreciation and amortization) 2,968 1,553 5,819 3,042
Selling, general and administrative expense 4,458 2,127 8,599 3,915
Legal and professional fees 1,074 1,175 1,630 1,749
Bad debt expense 40 2 69 15
Depreciation and amortization expense 966 481 1,919 974
Total operating expenses 9,506 5,338 18,036 9,695
OPERATING LOSS (1,565) (1,319) (1,965) (1,899)
OTHER INCOME (EXPENSE):        
Gain (loss) on derivative instruments 3,849 (3,425) 773 1,009
Loss on extinguishment of debt (5,480) (5,480)
Other income (expense) 10 1 456 (2)
Interest expense (2,371) (1,380) (4,436) (2,887)
Income tax expense (27) (41) (77) (119)
Total other income (expense) 1,461 (10,325) (3,284) (7,479)
NET INCOME (LOSS) INCLUDING NONCONTROLLING INTEREST (104) (11,644) (5,249) (9,378)
Less: Net loss attributable to the noncontrolling interests 328 602 489 760
NET INCOME (LOSS) ATTRIBUTABLE TO DIGERATI’S SHAREHOLDERS 224 (11,042) (4,760) (8,618)
Deemed dividend on Series A Convertible preferred stock (4) (5) (8) (10)
NET INCOME (LOSS) ATTRIBUTABLE TO DIGERATI’S COMMON SHAREHOLDERS $ 220 $ (11,047) $ (4,768) $ (8,628)
INCOME (LOSS) PER COMMON SHARE - BASIC (in Dollars per share) $ 0 $ (0.08) $ (0.03) $ (0.06)
LOSS PER COMMON SHARE - DILUTED (in Dollars per share) $ (0.01) $ (0.08) $ (0.03) $ (0.06)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING - BASIC (in Shares) 148,702,169 139,203,973 145,880,177 138,963,449
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING - DILUTED (in Shares) 262,728,841 139,203,973 145,880,177 138,963,449