v3.23.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
May 31, 2023
May 31, 2022
May 31, 2023
May 31, 2022
Condensed Consolidated Statements of Operations (Unaudited)        
Revenues (See Note 2) $ 3,988,000 $ 9,643,000 $ 13,833,000 $ 29,021,000
Cost of revenues 3,788,000 9,039,000 12,623,000 27,782,000
Gross profit 200,000 604,000 1,210,000 1,239,000
Operating expenses:        
Salaries, wages, and payroll taxes 2,621,000 3,254,000 7,477,000 10,796,000
Professional fees 752,000 2,680,000 2,817,000 6,094,000
Software development 50,000 4,291,000 229,000 6,525,000
Depreciation and amortization 148,000 133,000 447,000 386,000
General and administrative 3,074,000 2,967,000 6,609,000 7,718,000
Total operating expenses 6,645,000 13,325,000 17,579,000 31,519,000
Operating loss (6,445,000) (12,721,000) (16,369,000) (30,280,000)
Other (expense) income:        
Interest expense (550,000) (1,000) (1,007,000) (2,000)
Other income 0 27,000 536,000 43,000
SPAC offering costs 0 0 0 (515,000)
Total other expense (550,000) 26,000 (471,000) (474,000)
Net loss from continuing operations (6,995,000) (12,695,000) (16,840,000) (30,754,000)
Loss from discontinued operations, net of tax (460,000) (132,000) (1,267,000) (283,000)
Non-controlling interest 0 0 (540,000) 0
Net loss attributable to ShiftPixy, Inc. (7,455,000) (12,827,000) (18,647,000) (31,037,000)
Preferred stock preferential dividend 0 0 (127,145,000) 0
Deemed dividend from change in fair value from warrants modification 0 0 0 (7,731,000)
Net loss attributable to common stockholders $ (7,455,000) $ (12,827,000) $ (145,792,000) $ (38,768,000)
Net loss per share attributable, basic and diluted        
Continuing operations - basic and diluted $ (0.70) $ (33.08) $ (14.84) $ (101.72)
Discontinued operations - basic and diluted (0.05) (0.34) (0.13) (0.75)
Net loss per common share - basic and diluted $ (0.75) $ (33.42) $ (14.97) $ (102.47)
Weighted average common shares outstanding - basic and diluted 10,057,177 383,726 9,739,578 378,349

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