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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Apr. 30, 2023
Apr. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (7,902) $ (6,018)
Adjustments to reconcile net loss to cash (used in)/provided by operating activities:    
Depreciation and amortization expense 2,912 2,514
Stock compensation and warrant expense 81 75
Bad debt expense 106 51
Amortization of Right-of-Use Assets 624 214
Amortization of debt discount 2,104 1,943
(Gain) loss on derivative liabilities (2,893) (7,835)
(Gain) loss on extinguishment of debt (55) 5,480
(Gain) on settlement of conversion premium on Notes (466)
Accrued interest added to principal
Debt extension fee charged to interest expense 689 155
Common stock issued for debt extension charged to interest expense 505 34
Changes in operating assets and liabilities:    
Accounts receivable (390) (433)
Prepaid expenses and other current assets (213) (96)
Inventory 18 10
Other assets (281) 23
Right of use operating lease liability (574) (268)
Accounts payable 883 1,385
Accrued expenses 1,406 1,003
Deferred income 346 22
Net cash used in operating activities (3,100) (1,741)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Cash paid in acquisition of equipment (467) (193)
Proceeds from Nexogy 178
Acquisition of VoIP assets, net of cash received (12,790)
Net cash used in investing activities (467) (12,805)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Borrowings from convertible debt, net of original issuance cost and discounts 4,491 706
Borrowings from debt, net of original issuance cost and discounts 15,530
Proceeds from the exercise of warrants 22
Borrowings from related party notes, net of original issuance cost and discounts 250
Principal payments on debt, net (548)
Principal payments on convertible debt, net (520) (175)
Principal payments on related party notes, net (568) (590)
Principal payment on equipment financing (72) (30)
Net cash provided by financing activities 3,055 15,441
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (512) 895
CASH AND CASH EQUIVALENTS, beginning of period 1,509 1,489
CASH AND CASH EQUIVALENTS, end of period 997 2,384
SUPPLEMENTAL DISCLOSURES:    
Cash paid for interest 2,995 1,677
SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING AND FINANCING ACTIVITIES    
Accrued interest rolled into principal 1,503 640
Incentive earnout adjustment on Active PBX acquisition 120
Debt discount from common stock issued with debt 430 38
Derivative liability resolved to APIC 76
Debt discount from derivative liabilities 64 60
Debt discount from warrants issued with debt 837
Beneficial conversion feature on convertible note 1,401
Common stock issued for debt conversion and settlement 151
Common Stock issued for the conversion of Preferred Stock Series A 57
Dividends accrued 8 14
Day 1 (one) recognition of Right-of-use Assets $ 524