ShiftPixy, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Senior Convertible Notes Payable - Additional information (Details)

Senior Convertible Notes Payable - Additional information (Details) - USD ($)								1 Months Ended	12 Months Ended
	May 31, 2020	May 18, 2020	Mar. 24, 2020	Mar. 23, 2020	Mar. 22, 2020	Dec. 11, 2019	Dec. 06, 2019	Jan. 31, 2020	Aug. 31, 2020	Aug. 31, 2019
Amortized Interest expense									$ 2,210,000	$ 1,433,000
Gross principal										6,808,000
Conversion price					$ 9.20			$ 12.20
Value for debt conversion									200,000
Additional note discount								$ 567,000
Expense related to extinguishment of convertible notes			$ 1,592,000						(1,592,000)
Amount of legal judgement on debt instrument								500,000
Amount of legal judgement on default interest								52,000
Repayment of legal judgement on debt instrument								310,000
Additional Loss On Conversion Of Debt	$ 57,000
Recovery from debt litigation settlement									760,000
Accrued interest payable									1,800,000
Debt instrument, conversion original amount					$ 1,047,000
Debt instrument converted amount shares issued					135,508
Accrued default interest					$ 25,000
Loss on pro rata portion of the unamortized note discount and deferred financing fees					$ 413,000
Discount on the exchange dates			2,825,000						(2,825,000)
Amortization debt discount, debt issuance cost	$ 2,419,000								6,749,000	$ 5,607,000
June 2018 Notes Due September 6, 2019 [Member]
Gross principal									1,466,000
December 2018 Notes Due December 31, 2019 [Member]
Gross principal									867,000
March 2019 Notes Due September 12, 2020 [Member]
Gross principal									$ 4,475,000
March 2019 [Member]
Debt amount converted								$ 130,000
December 2019 [Member]
Conversion price							$ 12.20
Percentage of principal increased							10.00%
Coupon rate							0.00%
Interest rate							18.00%
Debt Instrument, Convertible, Floor Price							$ 40
Amortization of principal in cash premium							12.50%
Description for event of default							Alternate conversion percentage is 75% if the alternate conversion is an alternate conversion event of default as a result of bankruptcy or default related to missed amortization payment, subject to a floor conversion price of $1.84 per share, 80% for all alternate event of default conversion, or 85% if such alternate conversion is an alternate optional conversion;Redemption at the option of the Company at 15% premium at any time.
Exchange Agreement [Member]
Common stock issued for note exchange, shares								24,049
Exchange Agreement [Member] \| March 2019 [Member]
Principal outstanding							$ 2,445,000
Conversion price								$ 12.20
Principal outstanding, Revised							2,690,000
Principal Outstanding Combined Revised Balance							2,934,000
Common stock issued for note exchange, shares								12,915
Debt amount converted								$ 28,000
Principal outstanding, Revised							$ 2,690,000
Exchange Agreement [Member] \| March 2019 Convertible Notes [Member]
Conversion price							$ 40.00
Percentage of principal balance payable in cash							12.50%
Additional consideration							$ 200,000
Exchange Agreement [Member] \| December 2019 [Member]
Conversion price						$ 12.20		$ 12.20
Additional consideration								$ 200,000
Principal Outstanding Combined Revised Balance						$ 2,934,000
Common stock issued for note exchange, shares						21,750		24,049
Value for debt conversion						$ 200,000
Amount converted to shares								$ 293,000
Combined additional shares issued								467,000
Additional notes issued in exchange								267,000
Debt amount converted to shares								293,000
Exchange Agreement [Member] \| June 2018 December 2018 And March 2019 Notes
Payment in cash for settlement with investors								$ 2,047,000
Shares issued for settlement with investors								103,593
Elimination of combined default penalties and default interest								$ 2,194,000
Exchange Agreement [Member] \| June 2018 And December 2018 Notes
Conversion price								$ 12.20
Common stock issued for note exchange, shares								41,004
Amount converted to shares								$ 500,000
Debt amount converted to shares								$ 500,000
Additional shares issued for settlement of default								4,207
Debt default interest								$ 51,000
Exchange Agreement [Member] \| December 2018 Notes [Member]
Principal outstanding							222,000
Principal outstanding, Revised							$ 244,000
Interest rate							10.00%
Principal outstanding, Revised							$ 244,000
Amendment and Exchange Agreements [Member]
Conversion price				$ 9.20
Debt instrument, conversion original amount				$ 167,000
Debt instrument converted amount shares issued				82,654
Capitalization of accrued default interest				$ 59,000
Warrants issued due to conversion of debt				162,950
Warrants exercise price				$ 10.17
Alpha Amendment and Exchange Agreement [Member]
Debt instrument, conversion original amount		$ 868,000		$ 723,000
Debt instrument converted amount shares issued		94,298		66,123
Capitalization of accrued default interest				$ 51,000
Warrants issued due to conversion of debt				130,360
Agreed additional notes				$ 145,000
Osher Amendment and Exchange Agreement [Member]
Debt instrument, conversion original amount		$ 130,000		$ 108,000
Debt instrument converted amount shares issued		14,023		16,531
Capitalization of accrued default interest				$ 8,000
Warrants issued due to conversion of debt				32,590
Agreed additional notes				$ 22,000
Exchange Agreement with CVI [Member]
Debt instrument, conversion original amount		$ 1,829,000	$ 1,829,000
Debt instrument converted amount shares issued		198,756	260,719