Digerati Technologies, Inc. (DTGI) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
8023 VANTAGE DRIVE SAN ANTONIO, TX 78230 |
| State of Incorp. | NV |
| Fiscal Year End | July 31 |
| Industry (SIC) | 7374 - Computer Processing and Data Preparation and Processing Services (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 4/30/2024 MRQ | 1/31/2024 MRQ | 7/31/2023 | 7/31/2022 | 7/31/2021 | 7/31/2020 | 7/31/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 769 | 924 | 1,509 | 1,489 | 685 | 406 | |||
| Cash and cash equivalents | 769 | 924 | 1,509 | 1,489 | 685 | 406 | |||
| Receivables | 1,044 | 749 | 622 | 617 | 208 | 262 | |||
| Other current assets | 517 | ||||||||
| Other undisclosed current assets | 133 | 650 | 383 | 232 | 361 | 107 | |||
| Total current assets: | 2,463 | 2,323 | 2,514 | 2,338 | 1,254 | 775 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 1,221 | 578 | |||||||
| Operating lease, right-of-use asset | 1,051 | 1,912 | 2,498 | ||||||
| Property, plant and equipment | 1,129 | 1,346 | 1,647 | 529 | 431 | 579 | |||
| Long-term investments and receivables | 185 | 185 | 185 | 185 | 185 | 185 | |||
| Long-term investments | 185 | 185 | 185 | 185 | 185 | 185 | |||
| Intangible assets, net (including goodwill) | 30,545 | 31,591 | 59,413 | 25,813 | 2,261 | 2,642 | |||
| Goodwill | 19,380 | 19,380 | 19,380 | 3,931 | 810 | 810 | |||
| Intangible assets, net (excluding goodwill) | 11,165 | 12,211 | 40,033 | 21,882 | 1,451 | 1,832 | |||
| Other undisclosed noncurrent assets | 518 | 437 | (24,572) | (12,345) | 219 | 58 | |||
| Total noncurrent assets: | 34,649 | 36,049 | 39,171 | 14,182 | 3,096 | 3,464 | |||
| TOTAL ASSETS: | 37,112 | 38,372 | 41,685 | 16,520 | 4,350 | 4,239 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 15,464 | 15,250 | 12,849 | 4,223 | 3,327 | 2,757 | |||
| Accounts payable | 4,612 | 5,373 | 3,222 | 1,653 | 1,487 | 1,264 | |||
| Accrued liabilities | 10,852 | 9,877 | 9,627 | 2,570 | 1,840 | 1,493 | |||
| Deferred revenue | 303 | ||||||||
| Debt | 51,235 | 36,725 | 42 | 1,086 | 548 | 1,005 | |||
| Derivative instruments and hedges, liabilities | 4,707 | 4,125 | 10,588 | 16,773 | 606 | 927 | |||
| Due to related parties | ✕ | ✕ | ✕ | 833 | 998 | 78 | 383 | ||
| Other undisclosed current liabilities | 2,885 | 11,502 | 7,525 | 3,486 | 2,011 | 1,568 | |||
| Total current liabilities: | 74,594 | 67,602 | 31,837 | 26,566 | 6,570 | 6,640 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 597 | 354 | 35,666 | 6,672 | 139 | ||||
| Long-term debt, excluding current maturities | 33,835 | 6,241 | 62 | ||||||
| Finance lease, liability | 597 | 354 | 43 | ||||||
| Liabilities, other than long-term debt | 574 | 1,320 | 136 | 85 | 136 | ||||
| Due to related parties | ✕ | ✕ | ✕ | 136 | 85 | 136 | |||
| Operating lease, liability | 574 | 1,320 | 1,788 | 431 | 77 | ||||
| Other undisclosed noncurrent liabilities | (1,788) | 169 | 121 | ||||||
| Total noncurrent liabilities: | 1,171 | 1,674 | 35,666 | 6,808 | 393 | 257 | |||
| Total liabilities: | 75,765 | 69,276 | 67,503 | 33,374 | 6,963 | 6,897 | |||
| Equity | |||||||||
| Equity, attributable to parent | (34,490) | (27,611) | (23,763) | (16,140) | (2,231) | (2,323) | |||
| Common stock | 175 | 161 | 142 | 139 | 101 | 24 | |||
| Additional paid in capital | 94,659 | 93,911 | 89,487 | 89,100 | 86,364 | 82,972 | |||
| Accumulated other comprehensive income | 1 | 1 | 1 | 1 | 1 | 1 | |||
| Accumulated deficit | (129,325) | (121,684) | (113,393) | (105,380) | (88,697) | (85,320) | |||
| Equity, attributable to noncontrolling interest | (4,163) | (3,293) | (2,055) | (714) | (382) | (335) | |||
| Total equity: | (38,653) | (30,904) | (25,818) | (16,854) | (2,613) | (2,658) | |||
| TOTAL LIABILITIES AND EQUITY: | 37,112 | 38,372 | 41,685 | 16,520 | 4,350 | 4,239 | |||
Income Statement (P&L) ($ in thousands)
| 4/30/2024 TTM | 1/31/2024 TTM | 7/31/2023 | 7/31/2022 | 7/31/2021 | 7/31/2020 | 7/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 30,771 | 31,623 | 24,154 | 12,416 | 6,279 | 6,040 | ||
| Cost of revenue | (7,837) | (3,128) | ||||||
| Cost of goods and services sold | (3,128) | |||||||
| Other cost of operating revenue | (7,837) | |||||||
| Other undisclosed gross profit | 23,908 | |||||||
| Gross profit: | 46,842 | 31,623 | 24,154 | 12,416 | 6,279 | 2,912 | ||
| Operating expenses | (36,307) | (36,678) | (27,830) | (14,814) | (8,391) | (8,401) | ||
| Other undisclosed operating income (loss) | (16,071) | 3,128 | ||||||
| Operating loss: | (5,536) | (5,055) | (3,676) | (2,398) | (2,112) | (2,361) | ||
| Nonoperating income (expense) | (7,248) | (4,474) | (5,678) | 825 | (1,312) | (2,287) | ||
| Gain on sale of leased assets, net, operating leases | 15,442 | |||||||
| Other nonoperating expense | (7,248) | (4,474) | (5,678) | (14,617) | (1,312) | (2,287) | ||
| Interest and debt expense | (42,741) | (39,686) | (6,881) | 560 | 127 | |||
| Loss from continuing operations before income taxes: | (55,525) | (49,215) | (16,235) | (1,013) | (3,297) | (4,648) | ||
| Income tax expense (benefit) | (419) | (183) | 33 | |||||
| Loss from continuing operations: | (55,525) | (49,215) | (16,654) | (1,196) | (3,264) | (4,648) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (16,654) | (1,196) | (3,264) | (4,648) | |
| Other undisclosed net income (loss) | 42,741 | 39,686 | 7,300 | (15,819) | (160) | |||
| Net loss: | (12,784) | (9,529) | (9,354) | (17,015) | (3,424) | (4,648) | ||
| Net income (loss) attributable to noncontrolling interest | 863 | 1,341 | 17,015 | (3,424) | (4,648) | |||
| Other undisclosed net income (loss) attributable to parent | 749 | 1,238 | (16,683) | 3,471 | 4,776 | |||
| Net loss attributable to parent: | (11,172) | (8,291) | (8,013) | (16,683) | (3,377) | (4,520) | ||
| Other undisclosed net loss available to common stockholders, basic | (8) | (19) | (20) | (19) | (29) | |||
| Net loss available to common stockholders, basic: | (11,172) | (8,299) | (8,032) | (16,703) | (3,396) | (4,549) | ||
| Dilutive securities, effect on basic earnings per share | 308,552 | |||||||
| Other undisclosed net income available to common stockholders, diluted | 308,552 | |||||||
| Net income (loss) available to common stockholders, diluted: | 297,380 | 300,253 | (8,032) | (16,703) | (3,396) | (4,549) | ||
Comprehensive Income ($ in thousands)
| 4/30/2024 TTM | 1/31/2024 TTM | 7/31/2023 | 7/31/2022 | 7/31/2021 | 7/31/2020 | 7/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (12,784) | (9,529) | (9,354) | (17,015) | (3,424) | (4,648) | ||
| Comprehensive loss: | (12,784) | (9,529) | (9,354) | (17,015) | (3,424) | (4,648) | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 863 | 1,341 | 17,015 | (3,424) | (4,648) | |||
| Comprehensive loss, net of tax, attributable to parent: | (11,921) | (9,529) | (8,013) | (6,848) | (9,296) | |||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.