Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
Aug. 31, 2021
Aug. 31, 2020
Current assets    
Cash $ 1,199,000 $ 4,303,000
Accounts receivable, net 498,000 308,000
Unbilled accounts receivable 2,741,000 2,303,000
Deposit - workers' compensation 155,000 293,000
Prepaid expenses 605,000 723,000
Other current assets 126,000 73,000
Current assets of discontinued operations 356,000 1,030,000
Total current assets 5,680,000 9,033,000
Fixed assets, net 2,784,000 575,000
Note receivable, net 4,004,000 4,045,000
Deposits - workers' compensation 386,000 736,000
Deposits and other assets 944,000 449,000
Deferred offering costs - SPACs (See Note 6) 48,261,000  
Non-current assets of discontinued operations 883,000 2,582,000
Total assets 62,942,000 17,420,000
Current liabilities    
Accounts payable and other accrued liabilities 6,553,000 3,831,000
Payroll related liabilities 7,876,000 5,752,000
Accrued workers' compensation costs 663,000 497,000
Current liabilities of discontinued operations 1,516,000 1,746,000
Total current liabilities 16,608,000 11,826,000
Non-current liabilities    
Accrued workers' compensation costs 1,646,000 1,247,000
Non-current liabilities of discontinued operations 3,765,000 4,377,000
Total liabilities 22,019,000 17,450,000
Commitments and contingencies
ShiftPixy, Inc. Stockhoders' deficit    
Preferred stock, 50,000,000 authorized shares; $0.0001 par value 0 0
Common stock, 750,000,000 authorized shares; $0.0001 par value; 25,863,099 and 16,902,146 shares issued as of August 31, 2021 and August 31, 2020 3,000 1,000
Additional paid-in capital 142,786,000 119,431,000
Accumulated deficit (149,338,000) (119,462,000)
Total ShiftPixy, Inc. Stockholders' Deficit (6,549,000) (30,000)
Non controlling interest in consolidated subsidiaries (See Note 6) 47,472,000 0
Total Equity (Deficit) 40,923,000 (30,000)
Total liabilities and Equity (Deficit) $ 62,942,000 $ 17,420,000