2024 Q1 Form 10-Q Financial Statement
#000147793224000315 Filed on January 22, 2024
Income Statement
Concept | 2024 Q1 | 2023 Q4 | 2022 Q4 |
---|
Balance Sheet
Concept | 2024 Q1 | 2023 Q4 | 2022 Q4 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $21.00K | $1.493M | $118.6M |
YoY Change | -97.43% | -98.74% | 6805.36% |
Cash & Equivalents | $21.00K | $1.493M | $864.0K |
Short-Term Investments | $117.8M | ||
Other Short-Term Assets | $428.0K | $532.0K | $288.0K |
YoY Change | 46.08% | 84.72% | 44.72% |
Inventory | |||
Prepaid Expenses | $515.0K | $636.0K | $480.0K |
Receivables | $1.300M | $2.073M | $238.0K |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $2.264M | $4.734M | $122.3M |
YoY Change | -46.43% | -96.13% | 1834.02% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $1.330M | $1.469M | $3.020M |
YoY Change | -51.97% | -51.36% | 0.33% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $192.0K | $192.0K | $920.0K |
YoY Change | -81.16% | -79.13% | -2.54% |
Total Long-Term Assets | $2.213M | $2.440M | $7.905M |
YoY Change | -70.71% | -69.13% | -95.18% |
TOTAL ASSETS | |||
Total Short-Term Assets | $2.264M | $4.734M | $122.3M |
Total Long-Term Assets | $2.213M | $2.440M | $7.905M |
Total Assets | $4.477M | $7.174M | $130.3M |
YoY Change | -62.0% | -94.49% | -23.55% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $23.60M | $23.47M | $15.83M |
YoY Change | 42.66% | 48.26% | 106.38% |
Accrued Expenses | $37.56M | $35.63M | $19.34M |
YoY Change | 75.82% | 84.24% | 109.7% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $61.17M | $59.10M | $154.4M |
YoY Change | 54.7% | -61.72% | 743.31% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Other Long-Term Liabilities | $2.321M | $2.558M | $8.043M |
YoY Change | -70.84% | -68.2% | 62.42% |
Total Long-Term Liabilities | $2.321M | $2.558M | $8.043M |
YoY Change | -70.84% | -68.2% | 62.42% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $61.17M | $59.10M | $154.4M |
Total Long-Term Liabilities | $2.321M | $2.558M | $8.043M |
Total Liabilities | $63.49M | $61.66M | $162.4M |
YoY Change | 33.66% | -62.04% | 598.34% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$236.6M | -$231.9M | -$198.1M |
YoY Change | 16.04% | 17.06% | 25.3% |
Common Stock | $0.00 | $0.00 | $1.000K |
YoY Change | -100.0% | -100.0% | -66.67% |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | -$59.01M | -$54.48M | -$41.66M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $4.477M | $7.174M | $130.3M |
YoY Change | -62.0% | -94.49% | -23.55% |
Cashflow Statement
Concept | 2024 Q1 | 2023 Q4 | 2022 Q4 |
---|
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2023Q4 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
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CY2023Q4 | dei |
Amendment Flag
AmendmentFlag
|
false | |
CY2023Q4 | dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--08-31 | |
CY2023Q4 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q1 | |
CY2023Q4 | dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2024 | |
CY2023Q4 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
532000 | usd |
CY2023Q3 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
50000000 | shares |
CY2023Q3 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.0001 | |
CY2023Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2023Q3 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
358333 | shares |
CY2023Q3 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
750000000 | shares |
CY2023Q3 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
CY2023Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
5397687 | shares |
CY2023Q3 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
507383 | shares |
CY2023Q1 | pixy |
Form S3 Registration Statement Filed
FormS3RegistrationStatementFiled
|
100000000 | usd |
CY2023Q4 | us-gaap |
Accrued Rent Current
AccruedRentCurrent
|
800000.0 | usd |
CY2022Q4 | pixy |
Amount Due To Related Party Included In Accounts Payable
AmountDueToRelatedPartyIncludedInAccountsPayable
|
60000.00 | usd |
CY2023Q3 | us-gaap |
Accrued Rent Current
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|
700000.0 | usd |
CY2023Q4 | pixy |
Amount Due To Related Party Included In Accounts Payable
AmountDueToRelatedPartyIncludedInAccountsPayable
|
40000.00 | usd |
CY2023Q3 | pixy |
Contingent Liability
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|
3800000.0 | usd |
CY2023Q4 | dei |
Document Type
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|
10-Q | |
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true | |
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Document Period End Date
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|
2023-11-30 | |
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Document Transition Report
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CY2023Q4 | dei |
Entity File Number
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|
001-37954 | |
CY2023Q4 | dei |
Entity Registrant Name
EntityRegistrantName
|
SHIFTPIXY, INC. | |
CY2023Q4 | dei |
Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
|
WY | |
CY2023Q4 | dei |
Entity Tax Identification Number
EntityTaxIdentificationNumber
|
47-4211438 | |
CY2023Q4 | dei |
Entity Address Address Line1
EntityAddressAddressLine1
|
4101 NW 25th Street | |
CY2023Q4 | dei |
Entity Address City Or Town
EntityAddressCityOrTown
|
Miami | |
CY2023Q4 | dei |
Entity Address State Or Province
EntityAddressStateOrProvince
|
FL | |
CY2023Q4 | dei |
Entity Address Postal Zip Code
EntityAddressPostalZipCode
|
33131 | |
CY2023Q4 | dei |
City Area Code
CityAreaCode
|
888 | |
CY2023Q4 | dei |
Local Phone Number
LocalPhoneNumber
|
798-9100 | |
CY2023Q4 | dei |
Security12b Title
Security12bTitle
|
Common Stock, par value $0.0001 per share | |
CY2023Q4 | dei |
Trading Symbol
TradingSymbol
|
PIXY | |
CY2023Q4 | dei |
Security Exchange Name
SecurityExchangeName
|
NASDAQ | |
CY2023Q4 | dei |
Entity Current Reporting Status
EntityCurrentReportingStatus
|
Yes | |
CY2023Q4 | dei |
Entity Interactive Data Current
EntityInteractiveDataCurrent
|
Yes | |
CY2023Q4 | dei |
Entity Filer Category
EntityFilerCategory
|
Non-accelerated Filer | |
CY2023Q4 | dei |
Entity Small Business
EntitySmallBusiness
|
true | |
CY2023Q4 | dei |
Entity Emerging Growth Company
EntityEmergingGrowthCompany
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true | |
CY2023Q4 | dei |
Entity Ex Transition Period
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CY2023Q4 | dei |
Entity Shell Company
EntityShellCompany
|
false | |
CY2024Q1 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
5397698 | shares |
CY2023Q4 | pixy |
Unbilled Accounts Receivable
UnbilledAccountsReceivable
|
1683000 | usd |
CY2023Q3 | pixy |
Unbilled Accounts Receivable
UnbilledAccountsReceivable
|
1784000 | usd |
CY2023Q4 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
636000 | usd |
CY2023Q3 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
839000 | usd |
CY2023Q3 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
532000 | usd |
CY2023Q4 | us-gaap |
Assets Current
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|
4734000 | usd |
CY2023Q3 | us-gaap |
Assets Current
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|
3820000 | usd |
CY2023Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
1469000 | usd |
CY2023Q3 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
1622000 | usd |
CY2023Q4 | us-gaap |
Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
|
779000 | usd |
CY2023Q3 | us-gaap |
Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
|
866000 | usd |
CY2023Q4 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
192000 | usd |
CY2023Q3 | us-gaap |
Other Assets Noncurrent
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|
192000 | usd |
CY2023Q4 | us-gaap |
Assets
Assets
|
7174000 | usd |
CY2023Q3 | us-gaap |
Assets
Assets
|
6500000 | usd |
CY2023Q4 | us-gaap |
Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
|
24360000 | usd |
CY2023Q3 | us-gaap |
Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
|
17911000 | usd |
CY2023Q4 | us-gaap |
Other Employee Related Liabilities Current
OtherEmployeeRelatedLiabilitiesCurrent
|
31814000 | usd |
CY2023Q3 | us-gaap |
Other Employee Related Liabilities Current
OtherEmployeeRelatedLiabilitiesCurrent
|
29595000 | usd |
CY2023Q4 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
2924000 | usd |
CY2023Q3 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
2940000 | usd |
CY2023Q4 | us-gaap |
Workers Compensation Liability Current
WorkersCompensationLiabilityCurrent
|
0 | usd |
CY2023Q3 | us-gaap |
Workers Compensation Liability Current
WorkersCompensationLiabilityCurrent
|
4389000 | usd |
CY2023Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
59098000 | usd |
CY2023Q3 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
54835000 | usd |
CY2023Q4 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
2558000 | usd |
CY2023Q3 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
2790000 | usd |
CY2023Q4 | us-gaap |
Liabilities
Liabilities
|
61656000 | usd |
CY2023Q3 | us-gaap |
Liabilities
Liabilities
|
57625000 | usd |
CY2023Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
50000000 | shares |
CY2023Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.0001 | |
CY2023Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2023Q3 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
358333 | shares |
CY2023Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | usd |
CY2023Q3 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | usd |
CY2023Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
750000000 | shares |
CY2023Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
CY2023Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
5397687 | shares |
CY2023Q3 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
507383 | shares |
CY2023Q4 | us-gaap |
Common Stock Value
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|
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CY2023Q3 | us-gaap |
Common Stock Value
CommonStockValue
|
0 | usd |
CY2023Q4 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
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CY2023Q3 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
175226000 | usd |
CY2023Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
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CY2023Q3 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
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CY2023Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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|
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CY2023Q3 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
-51125000 | usd |
CY2023Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
7174000 | usd |
CY2023Q3 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
6500000 | usd |
CY2023Q4 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
3774000 | usd |
CY2022Q4 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
5266000 | usd |
CY2023Q4 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
3324000 | usd |
CY2022Q4 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
4845000 | usd |
CY2023Q4 | us-gaap |
Gross Profit
GrossProfit
|
450000 | usd |
CY2023Q4 | us-gaap |
Salaries And Wages
SalariesAndWages
|
2896000 | usd |
CY2022Q4 | us-gaap |
Salaries And Wages
SalariesAndWages
|
3069000 | usd |
CY2023Q4 | us-gaap |
Professional Fees
ProfessionalFees
|
814000 | usd |
CY2022Q4 | us-gaap |
Professional Fees
ProfessionalFees
|
1195000 | usd |
CY2023Q4 | pixy |
Software Development
SoftwareDevelopment
|
0 | usd |
CY2022Q4 | pixy |
Software Development
SoftwareDevelopment
|
60000 | usd |
CY2023Q4 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
141000 | usd |
CY2022Q4 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
149000 | usd |
CY2023Q4 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
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General And Administrative Expense
GeneralAndAdministrativeExpense
|
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CY2023Q4 | us-gaap |
Operating Expenses
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|
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CY2022Q4 | us-gaap |
Operating Expenses
OperatingExpenses
|
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CY2023Q4 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
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CY2022Q4 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-5223000 | usd |
CY2023Q4 | us-gaap |
Gain Loss Related To Litigation Settlement
GainLossRelatedToLitigationSettlement
|
2500000 | usd |
CY2022Q4 | us-gaap |
Gain Loss Related To Litigation Settlement
GainLossRelatedToLitigationSettlement
|
0 | usd |
CY2023Q4 | us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
-18000 | usd |
CY2022Q4 | us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
0 | usd |
CY2023Q4 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
2482000 | usd |
CY2022Q4 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
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CY2023Q4 | us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
-5548000 | usd |
CY2022Q4 | us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
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CY2023Q4 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
|
0 | usd |
CY2022Q4 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
|
-200000 | usd |
CY2023Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-5548000 | usd |
CY2022Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-5423000 | usd |
CY2023Q4 | us-gaap |
Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
|
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CY2022Q4 | us-gaap |
Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
|
127145000 | usd |
CY2023Q4 | us-gaap |
Income Loss Attributable To Parent
IncomeLossAttributableToParent
|
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CY2022Q4 | us-gaap |
Income Loss Attributable To Parent
IncomeLossAttributableToParent
|
-132568000 | usd |
CY2023Q4 | pixy |
Continuing Operations Basic And Diluted
ContinuingOperationsBasicAndDiluted
|
-25.13 | |
CY2022Q4 | pixy |
Continuing Operations Basic And Diluted
ContinuingOperationsBasicAndDiluted
|
-33.21 | |
CY2023Q4 | pixy |
Discounting Operations Basic And Diluted
DiscountingOperationsBasicAndDiluted
|
0 | |
CY2022Q4 | pixy |
Discounting Operations Basic And Diluted
DiscountingOperationsBasicAndDiluted
|
-0.50 | |
CY2023Q4 | pixy |
Net Loss Per Common Share Basic And Diluted
NetLossPerCommonShareBasicAndDiluted
|
-25.13 | |
CY2022Q4 | pixy |
Net Loss Per Common Share Basic And Diluted
NetLossPerCommonShareBasicAndDiluted
|
-333.72 | |
CY2023Q4 | pixy |
Weighted Average Common Shares Outstanding Basic And Diluted
WeightedAverageCommonSharesOutstandingBasicAndDiluted
|
2904021 | shares |
CY2022Q4 | pixy |
Weighted Average Common Shares Outstanding Basic And Diluted
WeightedAverageCommonSharesOutstandingBasicAndDiluted
|
397249 | shares |
CY2022Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-31494000 | usd |
CY2022Q3 | us-gaap |
Adjustments To Additional Paid In Capital Mark To Market
AdjustmentsToAdditionalPaidInCapitalMarkToMarket
|
127145000 | usd |
CY2022Q3 | pixy |
Preferential Dividend Of Preferred Stock Series A
PreferentialDividendOfPreferredStockSeriesA
|
-127145000 | usd |
CY2022Q3 | pixy |
Common Stock Issued For Private Placement Net Of Offering Expenses Amount
CommonStockIssuedForPrivatePlacementNetOfOfferingExpensesAmount
|
4387000 | usd |
CY2022Q3 | pixy |
Common Stock Issued On Exercised Prefunded Warrants Amount
CommonStockIssuedOnExercisedPrefundedWarrantsAmount
|
1000 | usd |
CY2022Q3 | pixy |
Common Stock Issued In Connection With Conversion Of Preferred Shares Series A Stock Amount
CommonStockIssuedInConnectionWithConversionOfPreferredSharesSeriesAStockAmount
|
0 | usd |
CY2022Q3 | pixy |
Stock Based Compensation Expense
StockBasedCompensationExpense
|
255000 | usd |
CY2022Q3 | pixy |
Warrant Modification Expense
WarrantModificationExpense
|
106000 | usd |
CY2022Q3 | pixy |
Additional Shares Issue Due To Reverse Stock Split Amount
AdditionalSharesIssueDueToReverseStockSplitAmount
|
0 | usd |
CY2022Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-5423000 | usd |
CY2022Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-32168000 | usd |
CY2023Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-51125000 | usd |
CY2023Q4 | us-gaap |
Adjustments To Additional Paid In Capital Mark To Market
AdjustmentsToAdditionalPaidInCapitalMarkToMarket
|
67444000 | usd |
CY2023Q4 | us-gaap |
Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
|
67444000 | usd |
CY2023Q4 | pixy |
Common Stock Issued For Private Placement Including The Exercise Of Prefunded Warrant Net Of Offering Cost Amount
CommonStockIssuedForPrivatePlacementIncludingTheExerciseOfPrefundedWarrantNetOfOfferingCostAmount
|
2016000 | usd |
CY2023Q4 | pixy |
Preferred Stock Series A Issued Upon The Exercise Of Preferred Stock Option Amount
PreferredStockSeriesAIssuedUponTheExerciseOfPreferredStockOptionAmount
|
0 | usd |
CY2023Q4 | pixy |
Common Stock Issued On Conversion Of Preferred Shares Amount
CommonStockIssuedOnConversionOfPreferredSharesAmount
|
0 | usd |
CY2023Q4 | pixy |
Stock Based Compensation Expense
StockBasedCompensationExpense
|
175000 | usd |
CY2023Q4 | pixy |
Additional Shares Issue Due To Reverse Stock Split Amount
AdditionalSharesIssueDueToReverseStockSplitAmount
|
0 | usd |
CY2023Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-5548000 | usd |
CY2023Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-54482000 | usd |
CY2023Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-5548000 | usd |
CY2022Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-5423000 | usd |
CY2023Q4 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
|
0 | usd |
CY2022Q4 | us-gaap |
Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
|
-200000 | usd |
CY2023Q4 | us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
-5548000 | usd |
CY2022Q4 | us-gaap |
Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
|
-5223000 | usd |
CY2023Q4 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
141000 | usd |
CY2022Q4 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
149000 | usd |
CY2023Q4 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
175000 | usd |
CY2022Q4 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
255000 | usd |
CY2023Q4 | pixy |
Warrant Modification Noncash Expense
WarrantModificationNoncashExpense
|
0 | usd |
CY2022Q4 | pixy |
Warrant Modification Noncash Expense
WarrantModificationNoncashExpense
|
106000 | usd |
CY2023Q4 | us-gaap |
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
|
87000 | usd |
CY2022Q4 | us-gaap |
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
|
23000 | usd |
CY2023Q4 | pixy |
Share Based Payment Arrangement Noncash Expense Directors
ShareBasedPaymentArrangementNoncashExpenseDirectors
|
38000 | usd |
CY2022Q4 | pixy |
Share Based Payment Arrangement Noncash Expense Directors
ShareBasedPaymentArrangementNoncashExpenseDirectors
|
0 | usd |
CY2023Q4 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
57000 | usd |
CY2022Q4 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
0 | usd |
CY2023Q4 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
7000 | usd |
CY2022Q4 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
0 | usd |
CY2023Q4 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
143000 | usd |
CY2022Q4 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
41000 | usd |
CY2023Q4 | us-gaap |
Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
|
101000 | usd |
CY2022Q4 | us-gaap |
Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
|
-601000 | usd |
CY2023Q4 | us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
203000 | usd |
CY2022Q4 | us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
115000 | usd |
CY2023Q4 | pixy |
Increase Decrease In Deposits And Other Assets
IncreaseDecreaseInDepositsAndOtherAssets
|
0 | usd |
CY2022Q4 | pixy |
Increase Decrease In Deposits And Other Assets
IncreaseDecreaseInDepositsAndOtherAssets
|
-1000 | usd |
CY2023Q4 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
1790000 | usd |
CY2022Q4 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-1317000 | usd |
CY2023Q4 | us-gaap |
Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
|
2219000 | usd |
CY2022Q4 | us-gaap |
Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
|
2245000 | usd |
CY2023Q4 | pixy |
Increase Decrease In Payroll Related Liabilities
IncreaseDecreaseInPayrollRelatedLiabilities
|
-16000 | usd |
CY2022Q4 | pixy |
Increase Decrease In Payroll Related Liabilities
IncreaseDecreaseInPayrollRelatedLiabilities
|
466000 | usd |
CY2023Q4 | us-gaap |
Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
|
4945000 | usd |
CY2022Q4 | us-gaap |
Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
|
1481000 | usd |
CY2023Q4 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-603000 | usd |
CY2022Q4 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-3742000 | usd |
CY2023Q4 | us-gaap |
Payments For Purchase Of Other Assets1
PaymentsForPurchaseOfOtherAssets1
|
0 | usd |
CY2022Q4 | us-gaap |
Payments For Purchase Of Other Assets1
PaymentsForPurchaseOfOtherAssets1
|
400000 | usd |
CY2023Q4 | us-gaap |
Proceeds From Sale Of Oil And Gas Property And Equipment
ProceedsFromSaleOfOilAndGasPropertyAndEquipment
|
5000 | usd |
CY2023Q4 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
5000 | usd |
CY2022Q4 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-400000 | usd |
CY2023Q4 | pixy |
Proceeds From Exercised Warrants Net Of Offering Costs
ProceedsFromExercisedWarrantsNetOfOfferingCosts
|
0 | usd |
CY2022Q4 | pixy |
Proceeds From Exercised Warrants Net Of Offering Costs
ProceedsFromExercisedWarrantsNetOfOfferingCosts
|
1000 | usd |
CY2023Q4 | pixy |
Proceeds From Private Placement Prefunded Warrants Net Of Offering Costs
ProceedsFromPrivatePlacementPrefundedWarrantsNetOfOfferingCosts
|
2016000 | usd |
CY2022Q4 | pixy |
Proceeds From Private Placement Prefunded Warrants Net Of Offering Costs
ProceedsFromPrivatePlacementPrefundedWarrantsNetOfOfferingCosts
|
4387000 | usd |
CY2023Q4 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
2016000 | usd |
CY2022Q4 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
4388000 | usd |
CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
1418000 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
246000 | usd |
CY2023Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
75000 | usd |
CY2022Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
618000 | usd |
CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1493000 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
864000 | usd |
CY2023Q4 | us-gaap |
Interest Paid Net
InterestPaidNet
|
21900 | usd |
CY2022Q4 | us-gaap |
Interest Paid Net
InterestPaidNet
|
0 | usd |
CY2023Q4 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
0 | usd |
CY2022Q4 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
0 | usd |
CY2023Q4 | pixy |
Increase In Marketable Securities In Trust Account And Class A Mandatory Redeemable Common Shares
IncreaseInMarketableSecuritiesInTrustAccountAndClassAMandatoryRedeemableCommonShares
|
0 | usd |
CY2022Q4 | pixy |
Increase In Marketable Securities In Trust Account And Class A Mandatory Redeemable Common Shares
IncreaseInMarketableSecuritiesInTrustAccountAndClassAMandatoryRedeemableCommonShares
|
801000 | usd |
CY2023Q4 | pixy |
Transfer Of Preferred Shares To Common Shares
TransferOfPreferredSharesToCommonShares
|
0 | usd |
CY2022Q4 | pixy |
Transfer Of Preferred Shares To Common Shares
TransferOfPreferredSharesToCommonShares
|
1000 | usd |
CY2023Q4 | us-gaap |
Nature Of Operations
NatureOfOperations
|
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><strong>Note 1: Nature of Operations</strong></p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">ShiftPixy, Inc. (the “Company”) was incorporated on June 3, 2015, in the State of Wyoming. The Company is a specialized Human Capital service provider that provides solutions for large, contingent, part-time workforce demands, primarily in the restaurant and hospitality service trades. The Company’s historic focus has been on the quick service restaurant industry in Southern California, but the Company has expanded into other geographic areas and industries that employ temporary or part-time labor sources, notably including the healthcare industry.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The Company functions as an employment administrative services (“EAS”) provider primarily through its wholly owned subsidiary, ReThink Human Capital Management, Inc. (“HCM”), as well as a staffing provider through another of its wholly owned subsidiaries, ShiftPixy Staffing, Inc. (“Staffing”). These subsidiaries provide a variety of services to our clients typically as a co-employer through HCM and a direct employer through Staffing, including the following: administrative services, payroll processing, human resources consulting, and workers’ compensation administration and coverage (as permitted and/or required by state law). The Company has built a human resources information systems (“HRIS”) platform to assist in client acquisition that simplifies the onboarding of new clients into the Company’s closed proprietary operating and processing information system (the “ShiftPixy Ecosystem”).</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">In January 2020, the Company sold the assets of Shift Human Capital Management Inc. (“SHCM”), a wholly owned subsidiary of the Company, pursuant to which the Company assigned the majority of the Company’s billable clients at the time of the sale to a third party for cash. The continuing impact of this transaction on the Company’s condensed financial statements is described in Note 2.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Effective October 14, 2023, the Company filed articles of amendment to the Company’s articles of incorporation to effect a one-for-twenty four (1:24) reverse split of the Company’s issued and outstanding shares of common stock. The reverse split became effective on Nasdaq October 16, 2023. All references to common stock, warrants and options except for the conditional preferred stock option granted in August 2023, to purchase common stock, including per share data and related information contained in the condensed consolidated financial statements have been retroactively adjusted to reflect the effect of the reverse stock split for all periods presented.</p> | |
CY2023Q4 | us-gaap |
Revenues
Revenues
|
3800000 | usd |
CY2023Q4 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The preparation of financial statements in conformity with GAAP requires the Company to make estimates and assumptions that affect certain reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Significant estimates include:</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;width:100%"><tbody><tr style="height:15px"><td style="width:4%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:4%;vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px"><span style="font-family:symbol">·</span></p></td><td style="vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Continuation as a going concern; management assumes that the Company will continue as a going concern, which contemplates continuity of operations, realization of assets and liquidation of all liabilities in the normal course of business</p></td></tr><tr style="height:15px"><td><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p></td><td style="vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><span style="font-family:symbol">·</span></p></td><td style="vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Liability for legal contingencies</p></td></tr><tr style="height:15px"><td><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p></td><td style="vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><span style="font-family:symbol">·</span></p></td><td style="vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Payroll tax and associated penalties and interest</p></td></tr><tr style="height:15px"><td><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p></td><td style="vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><span style="font-family:symbol">·</span></p></td><td style="vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Impairment of long-lived assets</p></td></tr></tbody></table><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">These significant accounting estimates or assumptions bear the risk of change due to the fact that there are uncertainties to these estimates or assumptions that are difficult to measure of value.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Management regularly reviews the key factors and assumptions to develop the estimates utilizing currently available information, changes in facts and circumstances, historical experience, and reasonable assumptions. After such valuation, if deemed appropriate, those estimates are adjusted accordingly.</p> | |
CY2023Q4 | pixy |
Liquidity Capital Resources And Going Concernpolicytextblock
LiquidityCapitalResourcesAndGoingConcernpolicytextblock
|
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">As of November 30, 2023, the Company had cash of $1.5 million and a working capital deficit of $54.4 million. During the three months ended November 30, 2023, the Company used approximately $0.6 million of cash from operations and incurred recurring losses, resulting in an accumulated deficit of $231.9 million. As of November 30, 2023, the Company is delinquent with respect to remitting payroll tax payments to the IRS, states and local jurisdictions. The Company has retained tax counsel and has been in near constant communication with the IRS regarding processing its Employee Retention Tax Credits (“ERTCs”). As of September 14, 2023, the IRS has a moratorium on processing new ERTC claims and many of the Company’s clients are seeking refunds. Recently, the Company has filed ERTC claims for its clients and has not received any acceptance from the IRS. Some clients have filed suits against the Company, demanding that the Company take action to file for additional ERTCs for certain tax periods.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;width:100%"><tbody><tr style="height:15px"><td style="width:4%;vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px"><span style="font-family:symbol">·</span></p></td><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">ShiftPixy has received notices of $11.9 million as of August 31, 2023 and notices relating to liens from the IRS claiming it owes approximately $9.0 million for unpaid payroll tax liabilities, including penalties and interest. The balances reported on such notices do not represent the full payroll tax liability of ShiftPixy as of November 30, 2023 and August 31, 2023, respectively. ShiftPixy expects its payroll tax liabilities, penalties and interest to increase in the future. Moreover, the IRS has threatened to take enforced collection against ShiftPixy, Inc. and ShiftPixy, potentially in addition to other subsidiaries. ShiftPixy has taken steps to preserve so-called “collection due process rights” and present collection alternatives to the proposed enforced collection actions(s). Specifically:</p></td></tr><tr style="height:15px"><td><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; TEXT-INDENT: 30px; text-align:justify;"> </p></td><td><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p></td></tr><tr style="height:15px"><td style="vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><span style="font-family:symbol">·</span></p></td><td style="vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">ShiftPixy had a collection due process hearing with the IRS Independent Office of Appeals on October 24, 2023. On October 24 and November 6, 2023, ShiftPixy requested that the IRS Independent Office of Appeals (“Appeals”), among other things, abate additions to tax and related interest for the failure to make required deposits and the failure to timely pay required tax. That request is pending before Appeals; and</p></td></tr><tr style="height:15px"><td><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; TEXT-INDENT: 30px; text-align:justify;"> </p></td><td><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p></td></tr><tr style="height:15px"><td style="vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><span style="font-family:symbol">·</span></p></td><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">On October 27, 2023, the IRS issued to ShiftPixy a Letter 1058, <em>Final Notice, Notice of Intent to Levy and Notice of Your Right to a Hearing</em>, with respect to ShiftPixy's (a) Form 941 liabilities for the tax periods ending March 31, June 30, September 30, and December 31, 2022, and (b) Form 940 liabilities for the tax period ending December 31, 2022 (such liabilities, “ShiftPixy’s Liability That Are Subject to Enforced Collection”). On November 26, 2023, ShiftPixy timely filed a Form 12153, <em>Request for a Collection Due Process or Equivalent Hearing</em>, with respect to ShiftPixy's Liability That Are Subject to Enforced Collection. That Form 12153 requested, among other things, an abatement of additions to tax and related interest for the failure to make required deposits and the failure to timely pay required tax that are included within ShiftPixy’s Liability That Are Subject to Enforced Collection. That request is pending before the IRS Independent Office of Appeals. .</p></td></tr><tr style="height:15px"><td><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; TEXT-INDENT: 30px; text-align:justify;"> </p></td><td><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p></td></tr><tr style="height:15px"><td colspan="2"><p style="font-size:10pt;font-family:times new roman;margin:0px">On December 12, 2023, the Company received a lien from the IRS. The IRS can levy the Company’s bank accounts.</p><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p><p style="font-size:10pt;font-family:times new roman;margin:0px">On January 12, 2024, ShiftPixy filed Form 12153 , <em>Request for a Collection Due Process or Equivalent Hearing</em>, with respect to ShiftPixy's Liability That Are Subject to Enforced Collection </p></td></tr></tbody></table>Notwithstanding the above-described requests for a collection due process hearing, the IRS can determine the collectability of tax. The IRS can, with limited notice, levy the Company’s bank accounts and subject it to enforced collection if ShiftPixy cannot obtain a resolution of the payroll tax issues, the United States Tax Court can (and will be asked to) review Appeals’ determination. There is no assurance that the IRS will abate penalties and interest currently assessed against ShiftPixy. If ShiftPixy is not successful getting the outstanding penalties, and or interest abated, including working out a payment plan with the IRS, it may cause ShiftPixy to file for bankruptcy protection in the near future. <p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The Company has taken aggressive steps to reduce its overhead expenses. The Company has plans and expectations for the next twelve months include raising additional capital which may help fund the Company’s operations and seeking acquisitions targets funded by debt or stock by Company’s in staffing services as the key driver towards its success.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The Company expects to engage in additional sales of its securities during the next twelve months either through registered public offerings or private placements, the proceeds of which the Company intends to use to fund its operations. If these sources do not provide the capital necessary to fund the Company’s operations during the next twelve months, it may need to curtail certain aspects of its operations or expansion activities, consider the sale of additional assets at distressed prices, or consider other means of financing. The Company is also seeking acquisition targets funded by debt and stock, for growth, a recurring revenue base, significant gross profit conversion, margin expansion opportunities, a light industrial sector focus, a blue-chip client base, cyclical tailwinds, and a tenured management team willing and able to execute a comprehensive integration plan. The Company can give no assurance that it will be successful in implementing its business plan and obtaining financing on advantageous terms, or that any such additional financing will be available. These condensed consolidated financial statements do not include any adjustments for this uncertainty. See Note 11, Contingencies for litigation with IHC. If the Company is not successful with outstanding litigation, this could have a material cash flows requirement and a negative impact on ShiftPixy’s operations and working capital. </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Under the existing accounting guidance, management must evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the Company’s ability to continue as a going concern within one year after the date the condensed consolidated financial statements are issued. This evaluation initially does not take into consideration the potential mitigating effect of management’s plans that have not been fully implemented as of the date the consolidated financial statements are issued. When substantial doubt is determined to exist, management evaluates whether the mitigating effect of its plans sufficiently alleviates substantial doubt about the Company’s ability to continue as a going concern. The mitigating effect of management’s plans; however, is only considered if both (1) it is probable that the plans will be effectively implemented within one year after the date the condensed consolidated financial statements are issued, and (2) it is probable that the plans, when implemented, may mitigate the relevant conditions or events that raise substantial doubt about the entity’s ability to continue as a going concern within one year after the date the condensed consolidated financial statements are issued. Therefore, management has concluded that there is substantial doubt about the Company’s ability to continue as a going concern for the next twelve months from the date of the issuance of the condensed consolidated financial statements.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Historically, the Company’s principal source of financing has come through the sale of the Company’s common stock, including in certain instances, warrants and the issuance of convertible notes.</p> | |
CY2023Q4 | us-gaap |
Cash
Cash
|
1500000 | usd |
CY2023Q4 | pixy |
Working Capital Deficit
WorkingCapitalDeficit
|
54400000 | usd |
CY2023Q4 | pixy |
Net Cash Provided By Used In Operating Activities Continuing Operation
NetCashProvidedByUsedInOperatingActivitiesContinuingOperation
|
-600000 | usd |
CY2023Q4 | pixy |
Retained Earning Accumulated Deficit
RetainedEarningAccumulatedDeficit
|
231900000 | usd |
CY2023Q4 | pixy |
Received Payroll Tax Liabilities
ReceivedPayrollTaxLiabilities
|
11900000 | usd |
CY2023Q4 | pixy |
Unpaid Payroll Tax Liabilities
UnpaidPayrollTaxLiabilities
|
9000000.0 | usd |
CY2023Q4 | pixy |
Staffing Solutions Policytextblock
StaffingSolutionsPolicytextblock
|
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The Company records gross billings as revenues for its staffing solutions clients. The Company is primarily responsible for fulfilling the staffing solutions services and has discretion in establishing price. The Company includes payroll costs in revenues with a corresponding increase to cost of revenues for payroll costs associated with these services. As a result, the Company is the principal in this arrangement for revenue recognition purposes.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><em>EAS Solutions / HCM</em> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Employment administrative service or EAS solutions “EAS” and Human Capital Management “HCM” revenues are primarily derived from the Company’s gross billings, which are based on (i) the payroll cost of the Company’s worksite employees (“WSEs”) and (ii) an administrative fee and (iii) if eligible, WSE can elect certain pass-through benefits. </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Gross billings are invoiced to each EAS and HCM client, concurrently with each periodic payroll. Revenues are offset by payroll cost component and pass through costs which are presented on a net basis for revenue recognition. WSEs perform their services at the client's worksite. The Company assumes responsibility for processing and remitting payroll to the WSE and payroll related obligations, it does not assume employment-related responsibilities such as determining the amount of the payroll and related payroll obligations. Revenues that have been recognized but not invoiced are included in unbilled accounts receivable on the Company’s condensed consolidated balance sheets were $1.7 million and $1.8 million, as of November 30, 2023 and August 31, 2023, respectively. Payments received by clients in advance of the due date of an invoice are recorded as liability. As of November 30, 2023 and August 31, 2023. the Company recorded a liability for advance payments of $0.4 million and $0.2 million, respectively, is included in accounts payable and other liabilities on the condensed balance sheets.</p> | |
CY2023Q4 | pixy |
Unbilled Contract Receivable
UnbilledContractReceivable
|
1700000 | usd |
CY2023Q3 | pixy |
Unbilled Contract Receivable
UnbilledContractReceivable
|
1800000 | usd |
CY2023Q4 | pixy |
Accounts Payable And Other Liabilities
AccountsPayableAndOtherLiabilities
|
400000 | usd |
CY2023Q3 | pixy |
Accounts Payable And Other Liabilities
AccountsPayableAndOtherLiabilities
|
200000 | usd |
CY2022Q4 | us-gaap |
Revenues
Revenues
|
5300000 | usd |
CY2023Q4 | pixy |
Worksite Employee Payroll Cost
WorksiteEmployeePayrollCost
|
7300000 | usd |
CY2022Q4 | pixy |
Worksite Employee Payroll Cost
WorksiteEmployeePayrollCost
|
10200000 | usd |
CY2023Q4 | us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The Company maintains cash with a commercial bank, which is insured by the Federal Deposit Insurance Corporation (“FDIC”). At various times, the Company has deposits in this financial institution in excess of the amount insured by the FDIC. The Company has not experienced any losses related to these balances and believes its credit risk to be minimal. As of November 30, 2023, and August 31, 2022, there was $1.9 million and $0.0 million, respectively, of cash on deposit in excess of the amounts insured by the FDIC.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The following represents clients who have ten percent of total accounts receivable as of November 30, 2023, and August 31, 2023, respectively. </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;width:100%"><tbody><tr style="height:15px"><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="hdcell" colspan="6" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>As of</strong></p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px"><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>November 30, </strong></p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>2023</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>August 31, </strong></p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>2023</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Client 1</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">50.8</td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">%</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">64.5</td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">%</td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Client 2</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">38.4</td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">%</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">23.6</td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">%</td></tr></tbody></table><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The following represents clients who have ten percent of gross revenues for the three months ended November 30, 2023, and November 30, 2022, respectively.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;width:100%"><tbody><tr style="height:15px"><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>November 30, </strong></p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>2023</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>November 30, </strong></p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>2022</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Client 1</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">18.6</td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">%</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">0</td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">%</td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Client 2</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">15.5</td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">%</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">10.6</td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">%</td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Client 3</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">11.7</td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">%</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">7.7</td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">%</td></tr></tbody></table> | |
CY2023Q4 | us-gaap |
Cash Uninsured Amount
CashUninsuredAmount
|
1900000 | usd |
CY2023Q3 | us-gaap |
Cash Uninsured Amount
CashUninsuredAmount
|
0.0 | usd |
CY2023Q4 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
234182 | shares |
CY2022Q4 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
52640 | shares |
CY2022Q1 | pixy |
Sharebased Compensation Arrangement By Sharebased Payment Award Expiration
SharebasedCompensationArrangementBySharebasedPaymentAwardExpiration
|
P6Y9M18D | |
CY2022Q3 | pixy |
Sale Of Stock Placement Fee
SaleOfStockPlacementFee
|
0.070 | pure |
CY2023Q4 | pixy |
Common Stock Shares Sold
CommonStockSharesSold
|
56250 | shares |
CY2023Q4 | us-gaap |
Sale Of Stock Price Per Share
SaleOfStockPricePerShare
|
26.40 | |
CY2023Q4 | pixy |
Pre Funded Warrants Sold
PreFundedWarrantsSold
|
38125 | shares |
CY2023Q4 | us-gaap |
Advertising Expense
AdvertisingExpense
|
800000 | usd |
CY2022Q4 | us-gaap |
Advertising Expense
AdvertisingExpense
|
700000 | usd |
CY2023Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
3358000 | usd |
CY2023Q3 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
3400000 | usd |
CY2023Q4 | pixy |
Amount Of Accumulated Depreciation And Amortization
AmountOfAccumulatedDepreciationAndAmortization
|
-1889000 | usd |
CY2023Q3 | pixy |
Amount Of Accumulated Depreciation And Amortization
AmountOfAccumulatedDepreciationAndAmortization
|
-1778000 | usd |
CY2023Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
1469000 | usd |
CY2023Q3 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
1622000 | usd |
CY2023Q4 | us-gaap |
Other Depreciation And Amortization
OtherDepreciationAndAmortization
|
100000 | usd |
CY2022Q4 | us-gaap |
Other Depreciation And Amortization
OtherDepreciationAndAmortization
|
100000 | usd |
CY2022Q3 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedNumberOfShares
|
358333 | shares |
CY2022Q3 | pixy |
Stock Options Exercised Value
StockOptionsExercisedValue
|
4400000 | usd |
CY2022Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
|
0.037 | pure |
CY2022Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
|
1.494 | pure |
CY2022Q1 | srt |
Federal Funds Sold Average Yield
FederalFundsSoldAverageYield
|
0 | pure |
CY2022Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Expiration Period
SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod
|
P6Y8M12D | |
CY2023Q4 | us-gaap |
Other Accounts Payable And Accrued Liabilities
OtherAccountsPayableAndAccruedLiabilities
|
24360000 | usd |
CY2023Q3 | us-gaap |
Other Accounts Payable And Accrued Liabilities
OtherAccountsPayableAndAccruedLiabilities
|
17911000 | usd |
CY2023Q4 | pixy |
Payroll Taxes Liabilities
PayrollTaxesLiabilities
|
23692000 | usd |
CY2023Q3 | pixy |
Payroll Taxes Liabilities
PayrollTaxesLiabilities
|
22840000 | usd |
CY2023Q4 | us-gaap |
Accrued Payroll Taxes Current
AccruedPayrollTaxesCurrent
|
212000 | usd |
CY2023Q3 | us-gaap |
Accrued Payroll Taxes Current
AccruedPayrollTaxesCurrent
|
237000 | usd |
CY2023Q4 | pixy |
Income Tax Penalties And Interest Accrued
IncomeTaxPenaltiesAndInterestAccrued
|
7910000 | usd |
CY2023Q3 | pixy |
Income Tax Penalties And Interest Accrued
IncomeTaxPenaltiesAndInterestAccrued
|
6518000 | usd |
CY2023Q4 | us-gaap |
Other Employee Related Liabilities Current
OtherEmployeeRelatedLiabilitiesCurrent
|
31814000 | usd |
CY2023Q3 | us-gaap |
Other Employee Related Liabilities Current
OtherEmployeeRelatedLiabilitiesCurrent
|
29595000 | usd |
CY2023Q4 | pixy |
Accrued Interest And Penalties On Payroll Taxes Current
AccruedInterestAndPenaltiesOnPayrollTaxesCurrent
|
7900000 | usd |
CY2023Q3 | pixy |
Accrued Interest And Penalties On Payroll Taxes Current
AccruedInterestAndPenaltiesOnPayrollTaxesCurrent
|
6500000 | usd |
CY2023Q4 | pixy |
Elinquent Payroll Taxes Outstanding
elinquentPayrollTaxesOutstanding
|
23700000 | usd |
CY2023Q3 | pixy |
Elinquent Payroll Taxes Outstanding
elinquentPayrollTaxesOutstanding
|
22800000 | usd |
CY2023Q4 | pixy |
Unpaid Tax Liabilities
UnpaidTaxLiabilities
|
11800000 | usd |
CY2023Q4 | pixy |
Sale Of Pre Funded Warrants Price Per Share
SaleOfPreFundedWarrantsPricePerShare
|
26.39 | |
CY2023Q4 | pixy |
Common Warrants Sold
CommonWarrantsSold
|
94375 | shares |
CY2023Q4 | us-gaap |
Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
|
0.0024 | |
CY2023Q4 | pixy |
Proceeds From Sale Of Stock
ProceedsFromSaleOfStock
|
2000000.0 | usd |
CY2023Q3 | us-gaap |
Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
|
138309 | shares |
CY2023Q4 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P5Y7M6D | |
CY2023Q4 | pixy |
Class Of Warrant Or Right Exercise Price Of Warrant Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantOrRights1
|
208.78 | |
CY2023Q4 | pixy |
Class Of Warrant Or Right Issued
ClassOfWarrantOrRightIssued
|
94375 | shares |
CY2023Q4 | pixy |
Class Of Warrant Or Right Weighted Average Remaining Life Issued
ClassOfWarrantOrRightWeightedAverageRemainingLifeIssued
|
P5Y4M24D | |
CY2023Q4 | pixy |
Class Of Warrant Or Right Weighted Average Exercise Price Issued
ClassOfWarrantOrRightWeightedAverageExercisePriceIssued
|
30.50 | |
CY2023Q4 | pixy |
Class Of Warrant Or Right Cancelled Or Forfeited
ClassOfWarrantOrRightCancelledOrForfeited
|
-5 | shares |
CY2023Q4 | us-gaap |
Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
|
232679 | shares |
CY2023Q4 | pixy |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstanding
|
P5Y3M18D | |
CY2023Q4 | pixy |
Weighted Average Exercise Price Outstanding
WeightedAverageExercisePriceOutstanding
|
131.47 | |
CY2023Q4 | pixy |
Class Of Warrant Or Right Shares Exercisable
ClassOfWarrantOrRightSharesExercisable
|
138304 | shares |
CY2023Q4 | pixy |
Weighted Remaining Life Years Exercisable
WeightedRemainingLifeYearsExercisable
|
P5Y3M18D | |
CY2023Q4 | pixy |
Weighted Average Exercise Price Exercisable
WeightedAverageExercisePriceExercisable
|
157.06 | |
CY2023Q4 | us-gaap |
Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
|
232679 | shares |
CY2023Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Weighted Average Remaining Contractual Terms
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTerms
|
P5Y3M18D | |
CY2023Q4 | us-gaap |
Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
|
131.47 | |
CY2023Q4 | pixy |
Class Of Warrant Or Right Shares Exercisable
ClassOfWarrantOrRightSharesExercisable
|
138304 | shares |
CY2023Q4 | pixy |
Weighted Average Life Of Outstanding Warrants In Years Exercisable
WeightedAverageLifeOfOutstandingWarrantsInYearsExercisable
|
P5Y3M18D | |
CY2023Q4 | pixy |
Weighted Average Exercise Price Exercisable
WeightedAverageExercisePriceExercisable
|
157.06 | |
CY2023Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
|
30955 | shares |
CY2023Q4 | pixy |
Stock Based Compensation Expenses
StockBasedCompensationExpenses
|
200000 | usd |
CY2022Q4 | pixy |
Stock Based Compensation Expenses
StockBasedCompensationExpenses
|
300000 | usd |
CY2023Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
|
417 | shares |
CY2023Q4 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
|
P7Y | |
CY2023Q3 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
|
19528.80 | |
CY2023Q4 | pixy |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Option Forfeited Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionForfeitedNumberOfShares
|
122 | shares |
CY2023Q4 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedWeightedAverageGrantDateFairValue
|
0 | |
CY2023Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
|
295 | shares |
CY2023Q4 | pixy |
Share Based Compensation Arrangement By Share Based Payment Award Options Nonvested Options Forfeited Weighted Average Remaining Contractual Term C6
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsNonvestedOptionsForfeitedWeightedAverageRemainingContractualTermC6
|
P6Y7M6D | |
CY2023Q4 | pixy |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstandings Weighted Average Exercise Price F
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingsWeightedAverageExercisePriceF
|
11581.79 | |
CY2023Q4 | pixy |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisables
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisables
|
242 | shares |
CY2023Q4 | pixy |
Share Based Compensation Arrangement By Share Based Payment Award Options Nonvested Options Forfeited Weighted Average Remaining Contractual Term
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsNonvestedOptionsForfeitedWeightedAverageRemainingContractualTerm
|
P6Y7M6D | |
CY2023Q4 | pixy |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisables Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisablesWeightedAverageExercisePrice
|
11707.64 | |
CY2023Q4 | pixy |
Number Of Options Outstanding Outstanding In Shares
NumberOfOptionsOutstandingOutstandingInShares
|
295 | shares |
CY2023Q4 | us-gaap |
Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Outstanding Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions
|
242 | shares |
CY2023Q4 | us-gaap |
Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2
|
P6Y7M6D | |
CY2023Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
11707.64 | |
CY2023Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
|
315 | shares |
CY2023Q4 | pixy |
Share Based Payment Arrangement Option Exercise Price Range Vested Weighted Average Remaining Contractual Term
ShareBasedPaymentArrangementOptionExercisePriceRangeVestedWeightedAverageRemainingContractualTerm
|
P6Y7M6D | |
CY2023Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice
|
11581.79 | |
CY2023Q4 | us-gaap |
Administrative Fees Expense
AdministrativeFeesExpense
|
10000 | usd |
CY2022Q4 | us-gaap |
Administrative Fees Expense
AdministrativeFeesExpense
|
8000 | usd |
CY2023Q4 | us-gaap |
Legal Fees
LegalFees
|
400000 | usd |
CY2022Q4 | us-gaap |
Legal Fees
LegalFees
|
400000 | usd |
CY2023Q4 | pixy |
Operating Leases Impairment Loss
OperatingLeasesImpairmentLoss
|
380000 | usd |
CY2023Q4 | pixy |
Contingent Liability
ContingentLiability
|
3800000 | usd |
CY2023Q4 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
136000 | usd |
CY2022Q4 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
256000 | usd |
CY2023Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
|
1064000 | usd |
CY2023Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
1099000 | usd |
CY2023Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
719000 | usd |
CY2023Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
563000 | usd |
CY2023Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
|
381000 | usd |
CY2023Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
|
32000 | usd |
CY2023Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
3858000 | usd |
CY2023Q4 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
405000 | usd |
CY2023Q4 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
3453000 | usd |
CY2023Q4 | pixy |
Weighted Average Remaining Lease Term Operating Leasesterm
WeightedAverageRemainingLeaseTermOperatingLeasesterm
|
P55M | |
CY2023Q4 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.0554 | pure |
CY2023Q4 | pixy |
Impairment Expense
ImpairmentExpense
|
400000 | usd |
CY2022Q2 | pixy |
Employee Retention Tax Credit And Interest Rate Amount
EmployeeRetentionTaxCreditAndInterestRateAmount
|
500000 | usd |
CY2023Q4 | us-gaap |
Accounts Payable And Other Accrued Liabilities
AccountsPayableAndOtherAccruedLiabilities
|
7800000 | usd |
CY2023Q3 | us-gaap |
Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
|
5600000 | usd |