Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Equity (Deficit)

v3.21.2
Consolidated Statements of Equity (Deficit) - USD ($)
Common Stock
Preferred Stock
Additional Paid-in Capital
Accumulated Deficit
Total Stockholders' Deficit ShiftPixy Inc stock - holders
Non controlling interest
Treasury Stock
Total
Balance, shares at Aug. 31, 2019 909,222              
Balance, amount at Aug. 31, 2019     $ 32,505,000 $ (44,115,000) $ (11,935,000)   $ (325,000) $ (11,935,000)
Stock-based compensation expense     1,300,000   1,300,000     1,300,000
Common stock issued upon conversion of convertible notes and interest, shares 589,695              
Common stock issued for underwritten offering, net of offering costs     11,478,000   11,478,000     11,478,000
Common stock issued for underwritten offering, net of offering costs, shares 2,472,500              
Preferred stock issued for preferred option exercise   $ 1,000     1,000     1,000
Common stock issued for preferred stock exchange $ 1,000 $ (1,000)            
Treasury stock retired             325,000  
Treasury stock retired     (325,000)          
Treasury stock retired, shares (13,953)              
Common stock issued for note exchange     200,000   200,000     200,000
Common stock issued for note exchange, shares 21,750              
Common stock issued for services rendered, amount     75,000   75,000     75,000
Common stock issued for services rendered, shares 856              
Common stock issued for warrant exercise     33,000   33,000     33,000
Common stock issued for warrant exercise, shares 6,275              
Common shares issued upon conversion of convertible notes and interest, amount     6,238,000   6,238,000     6,238,000
Reclassification of derivative liabilities to paid in capital     1,979,000   1,979,000     1,979,000
Inducement loss on note conversions, amount     624,000   624,000     624,000
Inducement loss on note conversions, shares 38,658              
Common stock issued for warrant exchange     552,000   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     653,000
Allocated fair value of warrants issued - exchanged notes payable     2,006,000   2,006,000     2,006,000
Modification of warrants     22,000   22,000     22,000
Expense related to preferred options     62,091,000   62,091,000     62,091,000
Preferred stock issued for Preferred Option exercise (in shares)   12,794,490            
Common stock issued for preferred stock exchange (in shares) 12,794,490 (12,794,490)            
Net Loss       (75,347,000) (75,347,000)     (75,347,000)
Balance, shares at Aug. 31, 2020 16,902,146              
Balance, amount at Aug. 31, 2020 $ 1,000   119,431,000 (119,462,000) (30,000)     (30,000)
Balance, shares at Aug. 31, 2019 909,222              
Balance, amount at Aug. 31, 2019     32,505,000 (44,115,000) (11,935,000)   $ (325,000) $ (11,935,000)
Common stock issued for preferred stock exchange (in shares)               24,634,560
Balance, shares at Aug. 31, 2021 25,863,099              
Balance, amount at Aug. 31, 2021 $ 3,000   142,786,000 (149,338,000) (6,549,000) $ 47,472,000   $ (6,549,000)
Balance, shares at Aug. 31, 2020 16,902,146              
Balance, amount at Aug. 31, 2020 $ 1,000   119,431,000 (119,462,000) (30,000)     (30,000)
Stock-based compensation expense     1,594,000   1,594,000     1,594,000
Common stock issued for underwritten offering, net of offering costs     10,701,000   10,701,000     10,701,000
Common stock issued for underwritten offering, net of offering costs, shares 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)            
Excess fair value of SPACs Founder shares transferred to underwriter           47,472,000   47,472,000
Common stock issued for private placement, including exercise of prefunded warrants net of offering costs (in shares) 4,948,453              
Common stock issued for private placement, including exercise of prefunded warrants net of offering costs $ 2,000   11,060,000   11,062,000     11,062,000
Net Loss       (29,876,000) (29,876,000)     (29,876,000)
Balance, shares at Aug. 31, 2021 25,863,099              
Balance, amount at Aug. 31, 2021 $ 3,000   $ 142,786,000 $ (149,338,000) $ (6,549,000) $ 47,472,000   $ (6,549,000)