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Consolidated Balance Sheets (Unaudited) - USD ($)
Apr. 30, 2024
Jul. 31, 2023
CURRENT ASSETS:    
Cash and cash equivalents $ 969,000 $ 924,000
Accounts receivable, net 1,268,000 749,000
Prepaid and other current assets 896,000 650,000
Total current assets 3,133,000 2,323,000
LONG-TERM ASSETS:    
Intangible assets, net 10,608,000 12,211,000
Goodwill 19,380,000 19,380,000
Property and equipment, net 1,093,000 1,346,000
Other assets 534,000 437,000
Investment in Itellum 185,000 185,000
Right-of-Use assets - financing 1,366,000 578,000
Right-of-Use assets - operating 944,000 1,912,000
Total assets 37,243,000 38,372,000
CURRENT LIABILITIES:    
Accounts payable 4,240,000 5,373,000
Accrued liabilities 10,746,000 9,877,000
Equipment financing 595,000 228,000
Convertible note payable, current, net of discount of $317 and $960, respectively 7,784,000 8,216,000
Note payable, current, net of discount of $1,317 and $60, respectively 46,135,000 36,497,000
Revolving credit facility 2,000,000
Acquisition payable, net of discount of $2 and $0, respectively 1,028,000 1,000,000
Deferred income 1,070,000 1,124,000
Derivative liability 5,173,000 4,125,000
Operating lease liability, current 518,000 662,000
Total current liabilities 79,803,000 67,602,000
LONG-TERM LIABILITIES:    
Equipment financing 769,000 354,000
Operating lease liability, net of current portion 465,000 1,320,000
Total long-term liabilities 1,234,000 1,674,000
Total liabilities 81,037,000 69,276,000
Commitments and contingencies
STOCKHOLDERS’ DEFICIT:    
Preferred stock, value
Common stock, $0.001, 500,000,000 shares authorized, 179,734,434 and 160,931,685 issued and outstanding (122,000,000 and 109,000,000, respectively, reserved in Treasury) 180,000 161,000
Additional paid in capital 94,845,000 93,911,000
Accumulated deficit (133,854,000) (121,684,000)
Other comprehensive income 1,000 1,000
Total Digerati’s stockholders’ deficit (38,828,000) (27,611,000)
Noncontrolling interest (4,966,000) (3,293,000)
Total stockholders’ deficit (43,794,000) (30,904,000)
Total liabilities and stockholders’ deficit 37,243,000 38,372,000
Related Party    
CURRENT LIABILITIES:    
Note payable, current, related party, current, net of discount of $1 and $0, respectively 514,000 500,000
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