Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Equity (Deficit)

v3.21.2
Condensed Consolidated Statements of Equity (Deficit) - USD ($)
Common Stock
Treasury Stock
Common Stock
Private Placement
Common Stock
Preferred Stock
Additional Paid-in Capital
Treasury Stock
Additional Paid-in Capital
Private Placement
Additional Paid-in Capital
Total ShiftPixy, Inc. Stockholders' Equity (Deficit)
Private Placement
Total ShiftPixy, Inc. Stockholders' Equity (Deficit)
Noncontrolling interest
Accumulated Deficit
Treasury Stock
Private Placement
Total
Balance, shares at Aug. 31, 2019     909,222                      
Balance, amount at Aug. 31, 2019             $ 32,505,000       $ (45,900,000) $ (325,000)   $ (13,720,000)
Stock-based compensation expense             745,000             745,000
Reclassification of derivative liabilities to paid in capital             1,979,000             1,979,000
Common stock issued upon conversion of convertible notes and interest             6,238,000             6,238,000
Common stock issued upon conversion of convertible notes and interest, shares     589,695                      
Common stock issued for underwritten offering, net of offering costs             10,332,000             10,332,000
Common stock issued for underwritten offering, net of offering costs, shares     2,222,160                      
Treasury stock retired         $ (325,000)             $ (325,000)    
Treasury stock retired, shares (13,953)   (21,750)                      
Common stock issued for note exchange             200,000             200,000
Inducement loss on note conversions, amount             624,000             624,000
Inducement loss on note conversions, shares     38,658                      
Common stock issued for warrant exchange             552,000             552,000
Common stock issued for warrant exchange, shares     82,653                      
Allocated fair value of beneficial conversion feature - exchanged notes payable             653,000             653,000
Allocated fair value of warrants issued - exchanged notes payable             2,006,000             2,006,000
Modification of warrants             22,000             22,000
Expense related to preferred options             62,091,000             62,091,000
Net Loss                     (65,803,000)     (65,803,000)
Balance, shares at May. 31, 2020     3,857,316                      
Balance, amount at May. 31, 2020             117,730,000       (111,703,000)     6,027,000
Balance, shares at Feb. 29, 2020     1,103,643                      
Balance, amount at Feb. 29, 2020             37,620,000       (38,687,000)     (1,067,000)
Stock-based compensation expense             75,000             75,000
Reclassification of derivative liabilities to paid in capital             288,000             288,000
Common stock issued upon conversion of convertible notes and interest             4,023,000             4,023,000
Common stock issued upon conversion of convertible notes and interest, shares     441,573                      
Common stock issued for underwritten offering, net of offering costs             10,332,000             10,332,000
Common stock issued for underwritten offering, net of offering costs, shares     2,222,160                      
Inducement loss on note conversions             57,000             57,000
Common stock issued for services rendered, amount             75,000             75,000
Common stock issued for services rendered, shares     856                      
Common stock issued for warrant exercise             33,000             33,000
Common stock issued for warrant exercise, shares     6,275                      
Inducement loss on note conversions, shares     1,012                      
Common stock issued for warrant exchange             552,000             552,000
Common stock issued for warrant exchange, shares     82,653                      
Allocated fair value of beneficial conversion feature - exchanged notes payable             653,000             653,000
Allocated fair value of warrants issued - exchanged notes payable             2,006,000             2,006,000
Expense related to preferred options             62,091,000             62,091,000
Net Loss                     (73,016,000)     (73,016,000)
Balance, shares at May. 31, 2020     3,857,316                      
Balance, amount at May. 31, 2020             117,730,000       (111,703,000)     6,027,000
Balance, shares at Aug. 31, 2020     16,902,146 0                    
Balance, amount at Aug. 31, 2020                           (30,000)
Balance, amount at Aug. 31, 2020     $ 1,000       119,431,000   $ (30,000)   (119,462,000)     (30,000)
Stock-based compensation expense             1,250,000   1,250,000         1,250,000
Excess fair value of SPAC Founder shares transferred to underwriter                   $ 47,472,000       47,472,000
Common stock issued for underwritten offering, net of offering costs   $ 1,000       $ 11,062,000 10,701,000 $ 11,063,000 10,701,000       $ 11,063,000 10,701,000
Common stock issued for underwritten offering, net of offering costs, shares   2,320,000 4,000,000                      
Preferred stock issued for preferred option exercise (in shares)       12,500                    
Common stock issued for preferred stock exchange (in shares)     12,500 (12,500)                    
Net Loss                 (20,647,000)   (20,647,000)     (20,647,000)
Balance, shares at May. 31, 2021     23,234,646 0                    
Balance, amount at May. 31, 2021     $ 2,000       142,444,000   2,337,000 47,472,000 (140,109,000)     49,809,000
Balance, amount at May. 31, 2021     $ 2,000                     2,337,000
Balance, shares at Feb. 28, 2021     20,914,646 0                    
Balance, amount at Feb. 28, 2021     $ 1,000                      
Balance, amount at Feb. 28, 2021             130,995,000   (1,585,000)   (132,581,000)     (1,585,000)
Stock-based compensation expense             387,000   387,000         387,000
Excess fair value of SPAC Founder shares transferred to underwriter                   47,472,000       47,472,000
Common stock issued for underwritten offering, net of offering costs   $ 1,000       $ 11,062,000   $ 11,063,000         $ 11,063,000  
Common stock issued for underwritten offering, net of offering costs, shares   2,320,000                        
Net Loss                 (7,528,000)   (7,528,000)     (7,528,000)
Balance, shares at May. 31, 2021     23,234,646 0                    
Balance, amount at May. 31, 2021     $ 2,000       $ 142,444,000   $ 2,337,000 $ 47,472,000 $ (140,109,000)     49,809,000
Balance, amount at May. 31, 2021     $ 2,000                     $ 2,337,000