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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
May 31, 2023
May 31, 2022
OPERATING ACTIVITIES    
Net loss attributable to ShiftPixy, Inc stockholders $ (18,647,000) $ (31,037,000)
Loss from discontinued operations (1,267,000) (283,000)
Non-controlling interest (540,000) 0
Net loss from continuing operations (16,840,000) (30,754,000)
Adjustments to reconcile net loss to net cash used in operations    
Depreciation and amortization 447,000 386,000
Provision for doubtful accounts 10,000 0
Stock-based compensation 735,000 1,069,000
Stock-based compensation - shares for services accrued to directors 169,000 0
Impaired asset expense 0 4,004,000
Warrant modification expense 106,000 0
Expensed SPAC offering cost 0 515,000
Amortization of operating lease 85,000 727,000
Changes in operating assets and liabilities:    
Accounts receivable (268,000) 146,000
Unbilled accounts receivable 59,000 (729,000)
Prepaid expenses and other current assets 356,000 (146,000)
Deposits - workers' compensation 0 541,000
Deposits and other assets (79,000) 0
Accounts payable and other accrued liabilities 952,000 4,573,000
Payroll related liabilities 8,324,000 6,583,000
Accrued workers' compensation costs (448,000) (295,000)
Total adjustment 10,448,000 17,374,000
Net cash used in continuing operations (6,392,000) (13,380,000)
Net cash provided by discontinued operating activities 0 0
Net cash used in operations (6,392,000) (13,380,000)
INVESTING ACTIVITIES    
Investment of IHC IPO proceeds into Trust Account 0 (116,765,000)
Redemption of Trust Account 117,574,000 0
Investment in private company (100,000)  
Purchase of fixed assets (343,000) (500,000)
Net cash provided by (used in) investing activities 117,131,000 (117,265,000)
FINANCING ACTIVITIES    
SPAC related offering costs paid 0 (3,663,000)
Proceeds from initial public offering of IHC 0 116,725,000
Payment to IHC shareholders (117,574,000) 0
Proceeds from exercised warrants. Net of offering costs 1,000 5,410,000
Proceeds from private placement, net of offering costs 4,387,000 4,183,000
Proceeds from At-The-Market Offering, net of offering costs 1,973,000 0
Deferred offering costs   0
Proceeds from private placement prefunded warrants, net of offering costs 0 6,861,000
Net cash (used in) provided by financing activities (111,213,000) 129,516,000
Net increase in cash (474,000) (1,129,000)
Cash - beginning of period 618,000 1,199,000
Cash - end of period 144,000 70,000
Supplemental Disclosure of Cash Flows Information:    
Cash paid for interest 102,000 2,000
Non-cash Investing and Financing Activities:    
Deconsolidation of VIE 9,494,000 0
Elimination of deferred offering cost of abandoned SPAC's initial public offering 0 37,978,000
Change in fair value due to warrant modification 0 13,728,000
Operating lease assets and liabilities s from adoption of ASC 842 0 8,970,000
Increase in marketable securities in trust account and Class A mandatory redeemable common shares 801,000 0
Transfer of preferred shares to common shares $ 1,000 $ 0