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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Apr. 30, 2023
Jul. 31, 2022
CURRENT ASSETS:    
Cash and cash equivalents $ 997 $ 1,509
Accounts receivable, net 906 622
Prepaid and other current assets 578 383
Total current assets 2,481 2,514
LONG-TERM ASSETS:    
Intangible assets, net 12,925 15,188
Goodwill 19,380 19,380
Property and equipment, net 1,465 1,647
Other assets 554 273
Investment in Itellum 185 185
Right-of-use assets - financing 512 62
Right-of-use assets - operating 1,886 2,436
Total assets 39,388 41,685
CURRENT LIABILITIES:    
Accounts payable 4,134 3,222
Accrued liabilities 9,481 9,627
Equipment financing 196 21
Convertible note payable, current, net of discount of $1,851 and $120, respectively 7,431 3,948
Note payable, current, related party, net of discount of $10 and $40, respectively 490 833
Note payable, current, net of discount of $168 and $181, respectively 35,533 870
Acquisition payable 1,000 1,000
Deferred income 1,277 931
Derivative liability 7,759 10,588
Operating lease liability, current 609 797
Total current liabilities 67,910 31,837
LONG-TERM LIABILITIES:    
Note payable, net of discount $0 and $313, respectively 33,335
Convertible note payable 500
Equipment financing 320 43
Operating lease liability, net of current portion 1,402 1,788
Total long-term liabilities 1,722 35,666
Total liabilities 69,632 67,503
Commitments and contingencies
STOCKHOLDERS’ DEFICIT:    
Preferred stock, value
Common stock, $0.001, 500,000,000 shares authorized, 158,438,352 and 142,088,039 issued and outstanding (86,000,000 and 45,000,000, respectively, reserved in Treasury) 158 142
Additional paid in capital 92,947 89,487
Accumulated deficit (120,397) (113,393)
Other comprehensive income 1 1
Total Digerati’s stockholders’ deficit (27,291) (23,763)
Noncontrolling interest (2,953) (2,055)
Total stockholders’ deficit (30,244) (25,818)
Total liabilities and stockholders’ deficit 39,388 41,685
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