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
|