XML 26 R4.htm IDEA: XBRL DOCUMENT v3.23.3
Consolidated Statements of Operations - USD ($)
12 Months Ended
Aug. 31, 2023
Aug. 31, 2022
Consolidated Statements of Operations    
Revenue, net $ 17,129,000 $ 36,002,000
Cost of revenue 16,251,000 34,227,000
Gross profit 878,000 1,775,000
Operating expenses:    
Salaries, wages, and payroll taxes 15,762,000 14,821,000
Professional fees 3,609,000 7,673,000
Research and software development 263,000 2,529,000
Depreciation and amortization 523,000 509,000
Impaired asset expense 1,435,000 0
Right-of-use asset impairment expense 2,497,000 3,851,000
General and administrative 10,746,000 15,636,000
Total operating expenses 34,835,000 45,019,000
Operating loss (33,957,000) (43,244,000)
Other (expense) income:    
SPAC offering expenses 0 (515,000)
Other income 642,000 316,000
Total other (expense) income 642,000 199,000
Loss from continuing operations before income taxes (33,315,000) (43,443,000)
Income tax expense (benefit) 13,000 (38,000)
Loss from continuing operations (33,328,000) (43,405,000)
Income (loss) from discontinued operations, net of tax 242,000 (590,000)
Non-controlling interest (540,000) 0
Net loss attributable to ShiftPixy, Inc (33,626,000) (43,995,000)
Preferred stock preferential dividend (127,145,000) 0
Deemed dividend from change in fair value from warrants modification 0 (15,703,000)
Net loss attributable to common stockholders $ (160,771,000) $ (59,698,000)
Continuing operations $ (299.27) $ (3,523.58)
Discontinued operations 0.45 (35.17)
Net loss per common share - Basic and diluted $ (298.823) $ (3,558.75)
Weighted average common stock outstanding - Basic and diluted 538,017 16,775