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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Feb. 29, 2024
Feb. 28, 2023
Feb. 29, 2024
Feb. 28, 2023
Condensed Consolidated Statements of Operations (Unaudited)        
Revenues (See Note 2) $ 3,813 $ 4,579 $ 7,587 $ 9,844
Cost of revenues 3,591 4,095 6,915 8,941
Gross profit 222 484 672 903
Operating expenses:        
Salaries, taxes and benefits 1,303 2,599 2,664 4,856
Professional fees 465 870 1,279 2,065
Software development 1 119 1 179
Depreciation and amortization 140 150 281 299
General and administrative 3,017 2,010 9,181 3,991
Total operating expenses 4,926 5,748 13,406 11,390
Operating loss (4,704) (5,264) (12,734) (10,487)
Other (expense) income:        
Gain from legal settlement 0 0 2,500 0
Other income (expense) 0 642 (18) 642
Total other income 0 642 2,482 642
Net loss attributable to ShiftPixy, Inc (4,704) (4,622) (10,252) (9,845)
Loss from discontinued operations, net of tax 0 (607) 0 (807)
Non-controlling interest 0 (540) 0 (540)
Net Loss (4,704) (5,769) (10,252) (11,192)
Preferred stock preferential dividend 0 0 (67,444) (127,145)
Net loss attributable to Shiftpixy's shareholders $ (4,704) $ (5,769) $ (77,696) $ (138,337)
Continuing operations - basic and diluted $ (0.87) $ (12.77) $ (18.78) $ (342.91)
Discontinued operations - basic and diluted 0 (1.50) 0 (2.01)
Net loss per common share - basic and diluted $ (0.87) $ (14.27) $ (18.78) $ (344.92)
Weighted average common shares outstanding - basic and diluted 5,397,698 404,319 4,137,691 401,069