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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Apr. 30, 2023
Apr. 30, 2022
Apr. 30, 2023
Apr. 30, 2022
OPERATING REVENUES:        
Cloud software and service revenue $ 7,837 $ 8,163 $ 23,908 $ 15,959
Total operating revenues 7,837 8,163 23,908 15,959
OPERATING EXPENSES:        
Cost of services (exclusive of depreciation and amortization) 2,879 3,161 8,698 6,203
Selling, general and administrative expense 4,322 4,296 12,921 8,211
Legal and professional fees 681 756 2,311 2,505
Bad debt expense 37 36 106 51
Depreciation and amortization expense 993 1,540 2,912 2,514
Total operating expenses 8,912 9,789 26,948 19,484
OPERATING LOSS (1,075) (1,626) (3,040) (3,525)
OTHER INCOME (EXPENSE):        
Gain (loss) on derivative instruments 2,120 6,827 2,893 7,835
Gain (loss) on extinguishment of debt 55 55 (5,480)
Other income (expense) (1) 2 455
Interest expense (3,701) (1,676) (8,137) (4,563)
Income tax expense (51) (167) (128) (285)
Total other income (expense) (1,578) 4,986 (4,862) (2,493)
NET INCOME (LOSS) INCLUDING NONCONTROLLING INTEREST (2,653) 3,360 (7,902) (6,018)
Less: Net loss attributable to the noncontrolling interests 409 546 898 1,306
NET INCOME (LOSS) ATTRIBUTABLE TO DIGERATI'S SHAREHOLDERS (2,244) 3,906 (7,004) (4,712)
Deemed dividend on Series A Convertible preferred stock (4) (8) (14)
NET INCOME (LOSS) ATTRIBUTABLE TO DIGERATI'S COMMON SHAREHOLDERS $ (2,244) $ 3,902 $ (7,012) $ (4,726)
INCOME (LOSS) PER COMMON SHARE - BASIC (in Dollars per share) $ (0.01) $ 0.03 $ (0.05) $ (0.03)
LOSS PER COMMON SHARE - DILUTED (in Dollars per share) $ (0.01) $ (0.01) $ (0.05) $ (0.03)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING - BASIC (in Shares) 153,785,787 139,751,107 148,462,169 139,285,833
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING - DILUTED (in Shares) 153,785,787 254,167,793 148,462,169 139,285,833