Digerati files Nexogy financials; acquired UCaaS firm had $418K net loss, going concern

Digerati Technologies, Inc.

Nexogy FY2020 revenue $6.35M, net loss $418K, accumulated deficit $3.08M.
Auditor expressed substantial doubt about Nexogy's ability to continue as going concern.
Working capital deficit of $2.68M; current liabilities $3.88M exceed current assets $1.20M.
Related party notes payable $3.39M as of July 31, 2020; reliance on related party financing.
Acquisition closed Nov 2020; Digerati will provide working capital; cost savings anticipated.

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