ShiftPixy, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Summary of significant accounting policies (Tables)

Summary of significant accounting policies (Tables)

3 Months Ended

Nov. 30, 2019

Summary of significant accounting policies (Tables)

Schedule of fair value of the Company's derivative liabilities

		March 2019 Conversion Feature				March 2019 Warrant Liability				Total
Balance at August 31, 2019		$	2,852,000				904,000			$	3,756,000
Change in fair value			(340,000	)			(602,000	)			(942,000	)
Balance at November 30, 2019 (unaudited)		$	2,512,000				302,000			$	2,814,000

		March 2019 Conversion Feature				March 2019 Warrant Liability
		(unaudited)				(unaudited)
Risk free rate			1.60	%			1.62	%
Market price per share		$	10.20			$	10.20
Life of instrument in years			0.79				4.28
Volatility			91	%			102	%
Dividend yield			0	%			0	%

Schedule of weighted average dilutive common shares

		For the Three Months Ended November 30, 2019				For the Three Months Ended November 30, 2018

Options			45,463				37,271
Senior Secured Convertible Notes			889,935				84,756
Warrants			107,416				87,783
Total potentially dilutive shares			1,042,814				209,810

Schedule of financial statements

		November 30, 2018
		As Previously Reported				Adjustments				As Restated
Convertible note, net		$	6,309,000				(739,000	)		$	5,570,000
Additional Paid-In Capital			19,729,000				1,232,000				20,961,000
Accumulated deficit			(27,977,000	)			(493,000	)			(28,470,000	)
Net Loss			(2,000,000	)			(246,000	)			(2,246,000	)
Net loss per share – Basic and diluted			(2.77	)			(0.34	)			(3.11	)