ShiftPixy, Inc.

2024 Q2 Form 10-Q Financial Statement

#000147793224004048 Filed on July 02, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2023 Q2

Balance Sheet

Concept 2024 Q2 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $360.0K $144.0K
YoY Change 150.0% 105.71%
Cash & Equivalents $360.0K $144.0K
Short-Term Investments $0.00
Other Short-Term Assets $481.0K $527.0K
YoY Change -8.73% 454.74%
Inventory
Prepaid Expenses $302.0K $256.0K
Receivables $963.0K $2.583M
Other Receivables $0.00 $0.00
Total Short-Term Assets $2.106M $3.254M
YoY Change -35.28% -31.77%
LONG-TERM ASSETS
Property, Plant & Equipment $1.191M $6.232M
YoY Change -80.89% 115.04%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $192.0K $1.098M
YoY Change -82.51% 16.31%
Total Long-Term Assets $1.984M $7.330M
YoY Change -72.93% -94.31%
TOTAL ASSETS
Total Short-Term Assets $2.106M $3.254M
Total Long-Term Assets $1.984M $7.330M
Total Assets $4.090M $10.58M
YoY Change -61.36% -92.08%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $24.41M $17.49M
YoY Change 39.59% 51.75%
Accrued Expenses $37.97M $25.66M
YoY Change 48.0% 69.67%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $62.39M $44.91M
YoY Change 38.91% 60.98%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00
YoY Change
Other Long-Term Liabilities $252.0K $8.072M
YoY Change -96.88% -34.66%
Total Long-Term Liabilities $252.0K $8.072M
YoY Change -96.88% -34.66%
TOTAL LIABILITIES
Total Short-Term Liabilities $62.39M $44.91M
Total Long-Term Liabilities $252.0K $8.072M
Total Liabilities $62.64M $52.98M
YoY Change 18.22% 31.63%
SHAREHOLDERS EQUITY
Retained Earnings -$241.0M -$211.4M
YoY Change 14.03% 17.56%
Common Stock $0.00 $6.000K
YoY Change -100.0% 50.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$58.55M -$42.40M
YoY Change
Total Liabilities & Shareholders Equity $4.090M $10.58M
YoY Change -61.36% -92.08%

Cashflow Statement

Concept 2024 Q2 2023 Q2

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
0 usd
CY2024Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2024Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
750000000 shares
CY2024Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2024Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
6755686 shares
CY2023Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
507383 shares
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 May 31, 2024, the Company’s balances exceeded federally insured limits by the FDIC by approximately $0.2 million. As of August 31, 2023, the Company did not have any 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 May 31, 2024, 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>May 31, </strong></p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>2024</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;">43.9</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;">47.0</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 Nine months ended May 31, 2024, and 2023:</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>May 31, </strong></p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>2024</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>May 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;">29.7</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;">12.6</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;">10.6</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;">12.5</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 May 31, 2024, and 2023:</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>May 31, </strong></p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>2024</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>May 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;">44.7</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;">18.6</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;">20.2</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;">13.9</td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">%</td></tr></tbody></table>
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dei Amendment Flag
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dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
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dei Document Fiscal Period Focus
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dei Document Fiscal Year Focus
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pixy Common Stock Issued For Cash Including The Exercise Of Prefunded Warrants Net Of Offering Costs October2023 Financing Amount
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dei Entity File Number
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dei Entity Registrant Name
EntityRegistrantName
SHIFTPIXY, INC.
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
WY
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
47-4211438
dei Entity Address Address Line1
EntityAddressAddressLine1
4101 NW 25th Street
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Miami
dei Entity Address State Or Province
EntityAddressStateOrProvince
FL
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33142
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798-9100
dei Security12b Title
Security12bTitle
Common Stock, par value $0.0001 per share
dei Trading Symbol
TradingSymbol
PIXY
dei Security Exchange Name
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NASDAQ
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CY2023Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2024Q2 us-gaap Liabilities And Stockholders Equity
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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CY2024Q2 us-gaap Cost Of Revenue
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CY2023Q2 us-gaap Cost Of Revenue
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us-gaap Cost Of Revenue
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us-gaap Cost Of Revenue
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CY2023Q2 us-gaap Gross Profit
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200000 usd
us-gaap Gross Profit
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us-gaap Gross Profit
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us-gaap Salaries And Wages
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us-gaap Salaries And Wages
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us-gaap Professional Fees
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us-gaap Professional Fees
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CY2023Q2 pixy Software Development
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pixy Software Development
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pixy Software Development
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229000 usd
CY2024Q2 us-gaap Depreciation And Amortization
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CY2023Q2 us-gaap Depreciation And Amortization
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148000 usd
us-gaap Depreciation And Amortization
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us-gaap Depreciation And Amortization
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CY2024Q2 us-gaap General And Administrative Expense
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CY2023Q2 us-gaap General And Administrative Expense
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us-gaap General And Administrative Expense
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us-gaap General And Administrative Expense
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CY2024Q2 us-gaap Operating Expenses
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4245000 usd
CY2023Q2 us-gaap Operating Expenses
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us-gaap Operating Expenses
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us-gaap Operating Expenses
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CY2023Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
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us-gaap Operating Income Loss
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us-gaap Operating Income Loss
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CY2024Q2 us-gaap Gain Loss Related To Litigation Settlement
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CY2023Q2 us-gaap Gain Loss Related To Litigation Settlement
GainLossRelatedToLitigationSettlement
0 usd
us-gaap Gain Loss Related To Litigation Settlement
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2500000 usd
us-gaap Gain Loss Related To Litigation Settlement
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CY2024Q2 us-gaap Interest Expense
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CY2023Q2 us-gaap Interest Expense
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us-gaap Interest Expense
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us-gaap Interest Expense
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us-gaap Other Expenses
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us-gaap Other Expenses
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CY2023Q2 us-gaap Other Nonoperating Income Expense
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us-gaap Other Nonoperating Income Expense
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us-gaap Other Nonoperating Income Expense
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CY2024Q2 us-gaap Income Loss Attributable To Parent
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us-gaap Income Loss Attributable To Parent
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us-gaap Income Loss Attributable To Parent
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CY2024Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
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CY2023Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
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us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
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us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
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CY2024Q2 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
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us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
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us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
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CY2024Q2 us-gaap Net Income Loss
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us-gaap Net Income Loss
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us-gaap Net Income Loss
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CY2024Q2 us-gaap Preferred Stock Dividends Income Statement Impact
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CY2023Q2 us-gaap Preferred Stock Dividends Income Statement Impact
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us-gaap Preferred Stock Dividends Income Statement Impact
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us-gaap Preferred Stock Dividends Income Statement Impact
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CY2024Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
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us-gaap Net Income Loss Available To Common Stockholders Basic
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us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2024Q2 pixy Continuing Operations Basic And Diluted
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CY2023Q2 pixy Continuing Operations Basic And Diluted
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pixy Continuing Operations Basic And Diluted
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pixy Continuing Operations Basic And Diluted
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CY2023Q2 pixy Discontinued Operations Basic And Diluted
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pixy Discontinued Operations Basic And Diluted
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pixy Discontinued Operations Basic And Diluted
DiscontinuedOperationsBasicAndDiluted
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CY2023Q2 pixy Net Loss Per Common Shares Basic And Diluted
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pixy Net Loss Per Common Shares Basic And Diluted
NetLossPerCommonSharesBasicAndDiluted
-16.88
pixy Net Loss Per Common Shares Basic And Diluted
NetLossPerCommonSharesBasicAndDiluted
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CY2024Q2 pixy Weighted Average Common Shares Outstanding Basic And Diluted
WeightedAverageCommonSharesOutstandingBasicAndDiluted
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CY2023Q2 pixy Weighted Average Common Shares Outstanding Basic And Diluted
WeightedAverageCommonSharesOutstandingBasicAndDiluted
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pixy Weighted Average Common Shares Outstanding Basic And Diluted
WeightedAverageCommonSharesOutstandingBasicAndDiluted
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pixy Weighted Average Common Shares Outstanding Basic And Diluted
WeightedAverageCommonSharesOutstandingBasicAndDiluted
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CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
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pixy Fair Market Value Increase Of Preferred Stock Prior To Reverse Stock Split
FairMarketValueIncreaseOfPreferredStockPriorToReverseStockSplit
67444000 usd
pixy Preferential Dividend Of Preferred Stock Series A
PreferentialDividendOfPreferredStockSeriesA
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pixy Additional Shares Issued Due To Reverse Stock Split Amount
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pixy Common Shares Issued Pursuant To Legal Settlement With Former Related Party Amount
CommonSharesIssuedPursuantToLegalSettlementWithFormerRelatedPartyAmount
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pixy Stock Based Compensation Expense
StockBasedCompensationExpense
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pixy Preferred Stock Class A Issued Upon The Exercise Of Preferred Stock Option Amount
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0 usd
pixy Common Stock Issued On Conversion Of Preferred Stocks Into Common Stock Amount
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us-gaap Net Income Loss
NetIncomeLoss
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CY2024Q2 us-gaap Stockholders Equity
StockholdersEquity
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CY2024Q1 us-gaap Stockholders Equity
StockholdersEquity
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CY2024Q2 pixy Stock Based Compensation Expense
StockBasedCompensationExpense
112000 usd
CY2024Q2 pixy Common Shares Issued Pursuant To Legal Settlement With Former Related Party Amount
CommonSharesIssuedPursuantToLegalSettlementWithFormerRelatedPartyAmount
550000 usd
CY2024Q2 pixy Common Stock Issued For Cash Including The Exercise Of Prefunded Warrants Net Of Offering Costs Amount
CommonStockIssuedForCashIncludingTheExerciseOfPrefundedWarrantsNetOfOfferingCostsAmount
4227000 usd
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
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CY2024Q2 us-gaap Stockholders Equity
StockholdersEquity
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CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
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pixy Fair Market Value Increase Of Preferred Stock Prior To Reverse Stock Split
FairMarketValueIncreaseOfPreferredStockPriorToReverseStockSplit
127145000 usd
pixy Preferential Dividend Of Preferred Stock
PreferentialDividendOfPreferredStock
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pixy Common Stock Issued On Exercised Prefunded Warrants Amount
CommonStockIssuedOnExercisedPrefundedWarrantsAmount
1000 usd
pixy Common Stock Issued For Private Placement Net Of Offering Costs Amount
CommonStockIssuedForPrivatePlacementNetOfOfferingCostsAmount
4387000 usd
pixy Common Stock Issued On Conversion Of Preferred Shares Amount
CommonStockIssuedOnConversionOfPreferredSharesAmount
0 usd
pixy Stock Based Compensation Expense
StockBasedCompensationExpense
735000 usd
pixy Warrant Modification Expense
WarrantModificationExpense
106000 usd
pixy Additional Shares Issue Due To Reverse Stock Split Amount
AdditionalSharesIssueDueToReverseStockSplitAmount
0 usd
pixy Net Proceeds Of Atm Net Of Offering Expenses Amount
NetProceedsOfAtmNetOfOfferingExpensesAmount
1973000 usd
pixy Deconsolidation Of Vie
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540000 usd
us-gaap Net Income Loss
NetIncomeLoss
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CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
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CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
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CY2023Q2 pixy Proceeds Of Atm Net Of Offering Expenses Amount
ProceedsOfAtmNetOfOfferingExpensesAmount
539000 usd
CY2023Q2 pixy Stock Based Compensation Expense
StockBasedCompensationExpense
235000 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
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CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
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us-gaap Profit Loss
ProfitLoss
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us-gaap Profit Loss
ProfitLoss
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pixy Loss From Discontinued Operations
LossFromDiscontinuedOperations
0 usd
pixy Loss From Discontinued Operations
LossFromDiscontinuedOperations
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pixy Non Controlling Interest
NonControllingInterest
0 usd
pixy Non Controlling Interest
NonControllingInterest
540000 usd
pixy Net Loss From Continuing Operations
NetLossFromContinuingOperations
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pixy Net Loss From Continuing Operations
NetLossFromContinuingOperations
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us-gaap Depreciation And Amortization
DepreciationAndAmortization
419000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
447000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
462000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
735000 usd
pixy Warrant Modification Noncash Expense
WarrantModificationNoncashExpense
0 usd
pixy Warrant Modification Noncash Expense
WarrantModificationNoncashExpense
106000 usd
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
265000 usd
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
85000 usd
pixy Share Based Payment Arrangement Noncash Expense Directors
ShareBasedPaymentArrangementNoncashExpenseDirectors
137000 usd
pixy Share Based Payment Arrangement Noncash Expense Directors
ShareBasedPaymentArrangementNoncashExpenseDirectors
169000 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
380000 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
10000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
7000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
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us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
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us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
1451000 usd
us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
59000 usd
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
537000 usd
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
356000 usd
us-gaap Increase Decrease In Deposit Other Assets
IncreaseDecreaseInDepositOtherAssets
51000 usd
us-gaap Increase Decrease In Deposit Other Assets
IncreaseDecreaseInDepositOtherAssets
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us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
680000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
952000 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-285000 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
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us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
5939000 usd
us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
7844000 usd
pixy Increase Decrease In Payroll Related Liabilities
IncreaseDecreaseInPayrollRelatedLiabilities
-909000 usd
pixy Increase Decrease In Payroll Related Liabilities
IncreaseDecreaseInPayrollRelatedLiabilities
480000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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us-gaap Payments For Purchase Of Other Assets1
PaymentsForPurchaseOfOtherAssets1
0 usd
us-gaap Payments For Purchase Of Other Assets1
PaymentsForPurchaseOfOtherAssets1
343000 usd
pixy Redemption Of Trust Account
RedemptionOfTrustAccount
0 usd
pixy Redemption Of Trust Account
RedemptionOfTrustAccount
117574000 usd
us-gaap Payments For Proceeds From Investments
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us-gaap Payments For Proceeds From Investments
PaymentsForProceedsFromInvestments
100000 usd
us-gaap Proceeds From Sale Of Oil And Gas Property And Equipment
ProceedsFromSaleOfOilAndGasPropertyAndEquipment
5000 usd
us-gaap Proceeds From Sale Of Oil And Gas Property And Equipment
ProceedsFromSaleOfOilAndGasPropertyAndEquipment
0 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
5000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
117131000 usd
pixy Proceeds From Exercised Warrants Net Of Offering Costs
ProceedsFromExercisedWarrantsNetOfOfferingCosts
0 usd
pixy Proceeds From Exercised Warrants Net Of Offering Costs
ProceedsFromExercisedWarrantsNetOfOfferingCosts
1000 usd
us-gaap Repayments Of Debt
RepaymentsOfDebt
0 usd
us-gaap Repayments Of Debt
RepaymentsOfDebt
117574000 usd
pixy Proceeds From At The Market Offering Net Of Offering Costs
ProceedsFromAtTheMarketOfferingNetOfOfferingCosts
4227000 usd
pixy Proceeds From At The Market Offering Net Of Offering Costs
ProceedsFromAtTheMarketOfferingNetOfOfferingCosts
0 usd
pixy Proceeds From Private Placement Prefunded Warrants Net Of Offering Costs
ProceedsFromPrivatePlacementPrefundedWarrantsNetOfOfferingCosts
0 usd
pixy Proceeds From Private Placement Prefunded Warrants Net Of Offering Costs
ProceedsFromPrivatePlacementPrefundedWarrantsNetOfOfferingCosts
1973000 usd
us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
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us-gaap Proceeds From Issuance Of Private Placement
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us-gaap Net Cash Provided By Used In Financing Activities
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6243000 usd
us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
285000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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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
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
360000 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
144000 usd
us-gaap Interest Paid Net
InterestPaidNet
15000 usd
us-gaap Interest Paid Net
InterestPaidNet
102000 usd
us-gaap Income Taxes Paid
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us-gaap Income Taxes Paid
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us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
0 usd
us-gaap Depreciation Depletion And Amortization
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9494000 usd
pixy Increase In Marketable Securities In Trust Account And Class A Mandatory Redeemable Common Shares
IncreaseInMarketableSecuritiesInTrustAccountAndClassAMandatoryRedeemableCommonShares
0 usd
pixy Increase In Marketable Securities In Trust Account And Class A Mandatory Redeemable Common Shares
IncreaseInMarketableSecuritiesInTrustAccountAndClassAMandatoryRedeemableCommonShares
801000 usd
pixy Transfer Of Preferred Shares To Common Shares
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0 usd
pixy Transfer Of Preferred Shares To Common Shares
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us-gaap Stock Issued During Period Value Other
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us-gaap Stock Issued During Period Value Other
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us-gaap Nature Of Operations
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<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 light industrial, restaurant and hospitality service trades. The Company’s historic focus has been on the quick service restaurant (“QSR”) industry in Southern California, but the Company has expanded into other geographic areas and industries that employ temporary or part-time labor sources, including light industrial and 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 typically as a co-employer through HCM and a direct employer through Staffing, including the following functions: 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 consolidated 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>
us-gaap Use Of Estimates
UseOfEstimates
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The preparation of the condensed consolidated 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;font-size:10pt;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, and</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 a valuation, if deemed appropriate, those estimates are adjusted accordingly.</p>
CY2024Q2 us-gaap Cash
Cash
400000 usd
CY2024Q2 pixy Working Capital Deficit
WorkingCapitalDeficit
60300000 usd
pixy Net Cash Provided By Used In Operating Activities Continuing Operation
NetCashProvidedByUsedInOperatingActivitiesContinuingOperation
6000000 usd
pixy Net Losses
NetLosses
14700000 usd
CY2024Q2 pixy Retained Earning Accumulated Deficit
RetainedEarningAccumulatedDeficit
241000000 usd
CY2024Q2 pixy Received Payroll Tax Liabilities
ReceivedPayrollTaxLiabilities
35500000 usd
CY2024Q2 pixy Unpaid Payroll Tax Liabilities
UnpaidPayrollTaxLiabilities
21100000 usd
CY2024Q2 pixy Unbilled Contract Receivable
UnbilledContractReceivable
300000 usd
CY2023Q3 pixy Unbilled Contract Receivable
UnbilledContractReceivable
1800000 usd
CY2024Q2 us-gaap Advance Rent
AdvanceRent
0 usd
CY2023Q3 us-gaap Advance Rent
AdvanceRent
200000 usd
CY2023Q2 us-gaap Revenues
Revenues
4000000.0 usd
CY2024Q2 us-gaap Revenues
Revenues
4100000 usd
us-gaap Revenues
Revenues
11700000 usd
us-gaap Revenues
Revenues
13800000 usd
CY2024Q2 us-gaap Cash Uninsured Amount
CashUninsuredAmount
200000 usd
CY2024Q2 us-gaap Advertising Expense
AdvertisingExpense
600000 usd
us-gaap Advertising Expense
AdvertisingExpense
1900000 usd
CY2023Q2 us-gaap Advertising Expense
AdvertisingExpense
900000 usd
us-gaap Advertising Expense
AdvertisingExpense
2000000 usd
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1975027 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
56640 shares
CY2024Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
600000 usd
CY2023Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
200000 usd
pixy Unbilled Revenue
UnbilledRevenue
300000 usd
CY2023 pixy Unbilled Revenue
UnbilledRevenue
1800000 usd
CY2024Q2 pixy Liability Against Accounts Receivable
LiabilityAgainstAccountsReceivable
0 usd
CY2023Q3 pixy Liability Against Accounts Receivable
LiabilityAgainstAccountsReceivable
200000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
3358000 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
3400000 usd
CY2024Q2 pixy Accumulated Depreciation Amortization
AccumulatedDepreciationAmortization
-2167000 usd
CY2023Q3 pixy Accumulated Depreciation Amortization
AccumulatedDepreciationAmortization
-1778000 usd
CY2024Q2 us-gaap Assets Net
AssetsNet
1191000 usd
CY2023Q3 us-gaap Assets Net
AssetsNet
1622000 usd
CY2024Q2 us-gaap Depreciation
Depreciation
100000 usd
us-gaap Depreciation
Depreciation
400000 usd
CY2023Q2 us-gaap Depreciation
Depreciation
100000 usd
us-gaap Depreciation
Depreciation
400000 usd
CY2024Q2 us-gaap Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
24820000 usd
CY2023Q3 us-gaap Accounts Payable And Other Accrued Liabilities Current
AccountsPayableAndOtherAccruedLiabilitiesCurrent
17911000 usd
CY2024Q2 pixy Payroll Taxes Liabilities
PayrollTaxesLiabilities
24863000 usd
CY2023Q3 pixy Payroll Taxes Liabilities
PayrollTaxesLiabilities
22840000 usd
CY2024Q2 us-gaap Accrued Payroll Taxes Current
AccruedPayrollTaxesCurrent
55000 usd
CY2023Q3 us-gaap Accrued Payroll Taxes Current
AccruedPayrollTaxesCurrent
237000 usd
CY2024Q2 pixy Income Tax Penalties And Interest Accrued
IncomeTaxPenaltiesAndInterestAccrued
10616000 usd
CY2023Q3 pixy Income Tax Penalties And Interest Accrued
IncomeTaxPenaltiesAndInterestAccrued
6518000 usd
CY2024Q2 us-gaap Other Employee Related Liabilities Current
OtherEmployeeRelatedLiabilitiesCurrent
35534000 usd
CY2023Q3 us-gaap Other Employee Related Liabilities Current
OtherEmployeeRelatedLiabilitiesCurrent
29595000 usd
CY2024Q2 pixy Accrued Interest And Penalties On Payroll Taxes Current
AccruedInterestAndPenaltiesOnPayrollTaxesCurrent
10600000 usd
CY2023Q3 pixy Accrued Interest And Penalties On Payroll Taxes Current
AccruedInterestAndPenaltiesOnPayrollTaxesCurrent
6500000 usd
CY2024Q2 pixy Elinquent Payroll Taxes Outstanding
elinquentPayrollTaxesOutstanding
24900000 usd
CY2023Q3 pixy Elinquent Payroll Taxes Outstanding
elinquentPayrollTaxesOutstanding
22800000 usd
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 pixy Sale Of Pre Funded Warrants Price Per Share
SaleOfPreFundedWarrantsPricePerShare
26.3976
CY2023Q4 us-gaap Sale Of Stock Number Of Shares Issued In Transaction
SaleOfStockNumberOfSharesIssuedInTransaction
94375 shares
CY2023Q4 pixy Exercise Price
ExercisePrice
0.0024
CY2023Q4 pixy Proceeds From Sale Of Stock
ProceedsFromSaleOfStock
2000000.0 usd
CY2024Q1 pixy Sale Of Pre Funded Warrants Price Per Share
SaleOfPreFundedWarrantsPricePerShare
4.2499
pixy Description Related To Amendmentof Common Stock
DescriptionRelatedToAmendmentofCommonStock
Company executed an amendment to common stock warrants previously issued to the investor, pursuant to which the exercise price of an aggregate of 97,850 outstanding warrants the Company issued to the investor in July 2022 and July 2023 was reduced to $4.25 and the term of these warrants was extended to March 21, 2029. In addition, the exercise price of 94,375 outstanding warrants the Company issued to the investor in October 2023 was reduced to $2.41, effective on the date that is six months following the initial date of issuance of the October 2023 Warrants
pixy Risk Free Interest Rate Used In Black Scholes Model
RiskFreeInterestRateUsedInBlackScholesModel
0.042 pure
pixy Expected Volatility Used In Black Scholes Model
ExpectedVolatilityUsedInBlackScholesModel
2.007 pure
pixy Dividend Yield Used In Black Scholes Model
DividendYieldUsedInBlackScholesModel
0 pure
pixy Expected Term Used In Black Scholes Model
ExpectedTermUsedInBlackScholesModel
expected term between 4.3 to 6.3 years
CY2024Q2 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
288
CY2022Q3 pixy Stock Options Exercised Value
StockOptionsExercisedValue
4400000 usd
CY2022Q3 pixy Sale Of Stock Placement Fee
SaleOfStockPlacementFee
0.07 pure
CY2023Q1 us-gaap Marketing Expense
MarketingExpense
8200000 usd
CY2023Q2 pixy Proceeds From Sale Of Stock
ProceedsFromSaleOfStock
500000 usd
pixy Proceeds From Sale Of Stock
ProceedsFromSaleOfStock
2000000.0 usd
CY2023Q2 us-gaap Stock Issued During Period Shares Purchase Of Assets
StockIssuedDuringPeriodSharesPurchaseOfAssets
5583 shares
us-gaap Stock Issued During Period Shares Purchase Of Assets
StockIssuedDuringPeriodSharesPurchaseOfAssets
18305 shares
us-gaap Stock Issued During Period Shares Other
StockIssuedDuringPeriodSharesOther
5175 shares
us-gaap Noncash Or Part Noncash Divestiture Amount Of Consideration Received1
NoncashOrPartNoncashDivestitureAmountOfConsiderationReceived1
1000 usd
CY2023Q3 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
138309 shares
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P5Y7M6D
CY2023Q3 pixy Class Of Warrant Or Right Exercise Price Of Warrant Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantOrRights1
208.8
pixy Class Of Warrant Or Right Issued
ClassOfWarrantOrRightIssued
1270845 shares
pixy Class Of Warrant Or Right Weighted Average Remaining Life Issued
ClassOfWarrantOrRightWeightedAverageRemainingLifeIssued
P4Y10M24D
pixy Class Of Warrant Or Right Weighted Average Exercise Price Issued
ClassOfWarrantOrRightWeightedAverageExercisePriceIssued
4.1
pixy Class Of Warrant Or Right Cancelled Or Forfeited
ClassOfWarrantOrRightCancelledOrForfeited
-34 shares
CY2024Q2 pixy Class Of Warrant Or Right Shares Exercisable
ClassOfWarrantOrRightSharesExercisable
1409120 shares
pixy Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstanding
P4Y9M18D
CY2024Q2 pixy Class Of Warrant Or Right Exercise Price Of Warrant Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantOrRights1
19.1
CY2024Q2 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
1409120 shares
pixy Weighted Remaining Life Years Exercisable
WeightedRemainingLifeYearsExercisable
P4Y9M18D
CY2024Q2 pixy Weighted Average Exercise Price Exercisable
WeightedAverageExercisePriceExercisable
19.1
CY2024Q1 pixy Common Stock Shares Sold
CommonStockSharesSold
590000 shares
CY2024Q1 pixy Exercise Price
ExercisePrice
4.25
CY2024Q1 pixy Pre Funded Warrants Sold
PreFundedWarrantsSold
586470 shares
CY2024Q1 pixy Institutional Investor Warrants
InstitutionalInvestorWarrants
1176470 shares
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
31050 shares
CY2024Q2 pixy Stock Based Compensation Expenses
StockBasedCompensationExpenses
100000 usd
pixy Stock Based Compensation Expenses
StockBasedCompensationExpenses
500000 usd
CY2023Q2 pixy Stock Based Compensation Expenses
StockBasedCompensationExpenses
200000 usd
pixy Stock Based Compensation Expenses
StockBasedCompensationExpenses
700000 usd
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
417 shares
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
19529
pixy Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Option Forfeited Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionForfeitedNumberOfShares
217 shares
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedWeightedAverageGrantDateFairValue
0
CY2024Q2 pixy Number Of Options Outstanding Outstanding In Shares
NumberOfOptionsOutstandingOutstandingInShares
200 shares
pixy Share Based Compensation Arrangement By Share Based Payment Award Options Nonvested Options Forfeited Weighted Average Remaining Contractual Term C6
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsNonvestedOptionsForfeitedWeightedAverageRemainingContractualTermC6
P5Y10M24D
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
11210
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P6Y3M18D
pixy Share Based Compensation Arrangement By Share Based Payment Award Options Exercisables Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisablesWeightedAverageExercisePrice
11560
CY2024Q2 pixy Number Of Options Outstanding Outstanding In Shares
NumberOfOptionsOutstandingOutstandingInShares
200 shares
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
178 shares
us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2
P5Y10M24D
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
11210
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
178 shares
pixy Share Based Payment Arrangement Option Exercise Price Range Vested Weighted Average Remaining Contractual Term
ShareBasedPaymentArrangementOptionExercisePriceRangeVestedWeightedAverageRemainingContractualTerm
P6Y3M18D
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice
11560
CY2024Q2 pixy Related Party Transaction Accrued Unpaid Compensation For Aggregate Amount
RelatedPartyTransactionAccruedUnpaidCompensationForAggregateAmount
600000 usd
CY2023Q3 pixy Related Party Transaction Accrued Unpaid Compensation For Aggregate Amount
RelatedPartyTransactionAccruedUnpaidCompensationForAggregateAmount
400000 usd
CY2024Q2 us-gaap Accounts Payable And Other Accrued Liabilities
AccountsPayableAndOtherAccruedLiabilities
900000 usd
CY2023Q3 us-gaap Accounts Payable And Other Accrued Liabilities
AccountsPayableAndOtherAccruedLiabilities
800000 usd
CY2024Q2 us-gaap Administrative Fees Expense
AdministrativeFeesExpense
5900 usd
us-gaap Administrative Fees Expense
AdministrativeFeesExpense
18300 usd
CY2024Q2 us-gaap Other Receivables Gross Current
OtherReceivablesGrossCurrent
600000 usd
CY2023Q3 us-gaap Other Receivables Gross Current
OtherReceivablesGrossCurrent
200000 usd
CY2024Q2 us-gaap Securities Borrowed Allowance For Credit Loss Recovery
SecuritiesBorrowedAllowanceForCreditLossRecovery
140000 usd
us-gaap Securities Borrowed Allowance For Credit Loss Recovery
SecuritiesBorrowedAllowanceForCreditLossRecovery
380000 usd
pixy Operating Leases Impairment Loss
OperatingLeasesImpairmentLoss
3800000 usd
CY2024Q2 pixy Contingent Liability
ContingentLiability
3800000 usd
CY2024Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
46000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
317000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
433000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
257000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
0 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
690000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
31000 usd
CY2024Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
659000 usd
pixy Weighted Average Remaining Lease Term Operating Leasesterm
WeightedAverageRemainingLeaseTermOperatingLeasesterm
P1Y6M
CY2024Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0554 pure
CY2024Q2 pixy Settlement Agreement Amount
SettlementAgreementAmount
75000 usd
CY2024Q2 pixy Settlement Agreement Accrued Amount
SettlementAgreementAccruedAmount
3800000 usd
pixy Potential Gain On Settlement
PotentialGainOnSettlement
3100000 usd
CY2024Q2 pixy Accrued But Unassessed Interest
AccruedButUnassessedInterest
3490513 usd
CY2024Q1 pixy Accrued But Unassessed Interest
AccruedButUnassessedInterest
391736 usd
CY2023Q4 pixy Accrued But Unassessed Interest
AccruedButUnassessedInterest
136038 usd

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