Leases (Tables)

9 Months Ended

Apr. 30, 2024

Schedule of Leased Properties have a Remaining Lease Term

The leased properties have a remaining lease term of four to forty-four months as of April 30, 2024. At the option of the Company, it can elect to extend the term of the leases. See table below:

Location	Annual Rent		Lease Expiration Date	Business Use	Approx. Sq. Ft.
8023 Vantage Dr., Suite 660, San Antonio, Texas 78230	$	49,136	Sep-27	Executive offices		2,843
10967 Via Frontera, San Diego, CA 92127	$	369,229	Mar-26	Office space		18,541
9701 S. John Young Parkway, Orlando, FL 32819	$	25,440	May-26	Network facilities		540
8333 NW 53rd St, Doral, FL 33166	$	14,021	Jul-25	Wireless internet network		100
9517 Fontainebleau Blvd., Miami, FL 33172	$	11,907	Aug-24	Wireless internet network		100

Schedule of Operating Leases

Amounts recognized as of July 31, 2023 and April 30, 2024 for operating leases are as follows:

ROU Asset	July 31, 2023	$	1,911,639
Amortization		$	(405,988	)
Cancellation - Asset		$	(561,931	)
ROU Asset	April 30, 2024	$	943,720

Lease Liability	July 31, 2023	$	1,981,976
Amortization		$	(437,245	)
Cancellation - Liability		$	(561,931	)
Lease Liability	April 30, 2024	$	982,800

Lease Liability	Short term	$	517,651
Lease Liability	Long term	$	465,149
Lease Liability	Total:	$	982,800

Operating lease cost:		$	466,740

Cash paid for amounts included in the measurement of lease labilities:

Operating cashflow from operating leases:		$	466,471

Weighted-average remain lease term-operating lease:			2.2 years

Weighted-average discount rate			5.0	%

Schedule of Future Minimum Lease Payment

The future minimum lease payment under the operating leases are as follows:

	Lease
Period Ending July 31,	Payments
2024	$	126,813
2025		506,331
2026		340,867
2027		58,424
2028		6,481
Total:	$	1,038,916

Less: amounts representing interest		56,116

Present value of net minimum operating lease payments	$	982,800

Digerati Technologies, Inc. 10-Q