Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.22.2.2
Consolidated Statements of Operations - USD ($)
 12 Months Ended
Aug. 31, 2022
Aug. 31, 2021
Income Statement [Abstract]    
Revenues (See Note 2) $ 36,002,000 $ 23,420,000
Cost of revenue 34,227,000 23,098,000
Gross profit 1,775,000 322,000
Operating expenses:    
Salaries, wages, and payroll taxes 13,575,000 11,100,000
Commissions 89,000 176,000
Professional fees 7,673,000 4,089,000
Research and Software development 2,529,000 3,755,000
Depreciation and amortization 509,000 357,000
Impaired asset expense 4,004,000 0
ROU asset impairment 3,851,000  
General and administrative 12,788,000 8,190,000
Total operating expenses 45,018,000 27,667,000
Operating Loss (43,243,000) (27,345,000)
Other (expense) income:    
Interest expense (1,000) (5,000)
Other income 316,000 25,000
Expensed SPAC offering costs (515,000) 0
Total other expense (200,000) 20,000
Loss from continuing operations before income taxes (43,443,000) (27,325,000)
Income tax expense (38,000) 42,000
Loss from continuing operations (43,405,000) (27,367,000)
Loss from discontinued operations, net of tax (590,000) (2,509,000)
Net loss attributable to ShiftPixy, Inc shareholders (43,995,000) (29,876,000)
Deemed dividend from change in fair value from warrants modification (15,703,000) 0
Net loss attributable to common stockholders $ (59,698,000) $ (29,876,000)
Net Loss per share, Basic and diluted    
Continuing operations, basic (in dollars per share) $ (148.28) $ (81.23)
Continuing operations, diluted (in dollars per share) (148.28) (81.23)
Discontinued operations, basic (in dollars per share) (1.47) (7.44)
Discontinued operations, diluted (in dollars per share) (1.47) (7.44)
Net loss per common share, basic (in dollars per share) (149.75) (88.67)
Net loss per common share, diluted (in dollars per share) $ (149.75) $ (88.67)
Weighted average common shares outstanding, basic (in shares) 402,591 337,225
Weighted average common shares outstanding, diluted (in shares) 402,591 337,225