v3.23.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Feb. 28, 2023
Aug. 31, 2022
Current assets    
Cash $ 818 $ 618
Accounts receivable 745 279
Unbilled accounts receivable 2,172 2,105
Prepaid expenses 198 696
Other current assets 293 187
Cash and marketable securities held in Trust Account (See Notes 2 and 4) 0 116,969
Total current assets 4,226 120,854
Fixed assets, net 2,769 2,769
Right-of-use operating lease 3,767 4,076
Deposits and other assets 1,019 919
Total assets 11,781 128,618
Current liabilities    
Accounts payable and other accrued liabilities 16,546 17,122
Payroll related liabilities 20,926 16,055
Accrued workers’ compensation costs 439 567
Current liabilities of discontinued operations 1,628 1,362
Class A common shares of SPAC mandatory redeemable 0 shares and 11,500,000 shares as of February 28, 2023 and August 31, 2022 (See Notes 2 and 4) 0 116,969
Total current liabilities 39,539 152,075
Non-current liabilities    
Operating lease liability, non-current 3,237 3,541
Accrued workers’ compensation costs 913 1,227
Non-current liabilities of discontinued operations 3,810 3,269
Total liabilities 47,499 160,112
Commitments and contingencies
Stockholders’ deficit    
Preferred stock, 50,000,000 authorized shares; $0.0001 par value: 0 and 8,600,000 shares issued and outstanding as of February 28, 2023 and August 31, 2022. 0 1
Common stock, 750,000,000 authorized shares; $0.0001 par value; 9,976,536 and 513,349 shares issued as of February 28, 2023 and August 31, 2022.    6 5
Additional paid-in capital 168,193 151,731
Accumulated deficit (203,917) (192,725)
Total ShiftPixy, Inc. Stockholders' deficit (35,718) (40,988)
Non-controlling interest in consolidated subsidiary (See Note 4) 0 9,494
Total stockholders' deficit (35,718) (31,494)
Total liabilities and stockholders' deficit $ 11,781 $ 128,618

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