v2.4.1.9
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(USD ($))
3 Months Ended 6 Months Ended
Nov. 30, 2015
Nov. 30, 2014
Nov. 30, 2015
Nov. 30, 2014
Revenue $ 41,349,934us-gaap_SalesRevenueServicesNet $ 33,102,321us-gaap_SalesRevenueServicesNet $ 77,233,452us-gaap_SalesRevenueServicesNet $ 65,677,322us-gaap_SalesRevenueServicesNet
Cost of Revenue 33,880,009us-gaap_CostOfRevenue 27,260,859us-gaap_CostOfRevenue 63,443,074us-gaap_CostOfRevenue 54,171,765us-gaap_CostOfRevenue
Gross Profit 7,469,925us-gaap_GrossProfit 5,841,462us-gaap_GrossProfit 13,790,378us-gaap_GrossProfit 11,505,557us-gaap_GrossProfit
Operating Expenses:        
Salaries and wages 5,428,780us-gaap_SalariesAndWages 4,166,293us-gaap_SalariesAndWages 9,589,859us-gaap_SalariesAndWages 7,982,842us-gaap_SalariesAndWages
Professional fees 1,551,260us-gaap_ProfessionalFees 757,041us-gaap_ProfessionalFees 2,141,208us-gaap_ProfessionalFees 1,672,936us-gaap_ProfessionalFees
Consulting fees - Related parties 506,187us-gaap_OtherGeneralExpense 103,166us-gaap_OtherGeneralExpense 577,687us-gaap_OtherGeneralExpense 289,924us-gaap_OtherGeneralExpense
Depreciation and amortization 800,229us-gaap_DepreciationDepletionAndAmortization 696,688us-gaap_DepreciationDepletionAndAmortization 1,537,345us-gaap_DepreciationDepletionAndAmortization 1,391,374us-gaap_DepreciationDepletionAndAmortization
General and administrative expenses 924,300us-gaap_GeneralAndAdministrativeExpense 1,101,075us-gaap_GeneralAndAdministrativeExpense 2,343,788us-gaap_GeneralAndAdministrativeExpense 2,550,565us-gaap_GeneralAndAdministrativeExpense
Impairment of intangibles 0us-gaap_ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill 703,222us-gaap_ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill 0us-gaap_ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill 703,222us-gaap_ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill
Operating expenses - Restructuring 0staf_RestructuringOperatingExpenses 868,207staf_RestructuringOperatingExpenses 0staf_RestructuringOperatingExpenses 868,207staf_RestructuringOperatingExpenses
Total Operating Expenses 9,210,756us-gaap_OperatingExpenses 8,395,692us-gaap_OperatingExpenses 16,189,887us-gaap_OperatingExpenses 15,459,070us-gaap_OperatingExpenses
Loss From Operations (1,740,831)us-gaap_OperatingIncomeLoss (2,554,230)us-gaap_OperatingIncomeLoss (2,399,509)us-gaap_OperatingIncomeLoss (3,953,513)us-gaap_OperatingIncomeLoss
Other Income / (Expenses):        
Interest expense (678,833)us-gaap_InterestExpense (515,833)us-gaap_InterestExpense (1,120,452)us-gaap_InterestExpense (966,685)us-gaap_InterestExpense
Amortization of deferred financing and original issue discount (325,049)us-gaap_AmortizationOfDeferredCharges (157,938)us-gaap_AmortizationOfDeferredCharges (476,565)us-gaap_AmortizationOfDeferredCharges (509,308)us-gaap_AmortizationOfDeferredCharges
Amortization of beneficial conversion feature (193,345)staf_AmortizationOfBeneficialConversionFeature (598,269)staf_AmortizationOfBeneficialConversionFeature (366,040)staf_AmortizationOfBeneficialConversionFeature (2,346,705)staf_AmortizationOfBeneficialConversionFeature
Amortization of debt discount (242,606)us-gaap_AmortizationOfDebtDiscountPremium (236,423)us-gaap_AmortizationOfDebtDiscountPremium (504,768)us-gaap_AmortizationOfDebtDiscountPremium (1,026,798)us-gaap_AmortizationOfDebtDiscountPremium
Other income / (loss) 4,532us-gaap_OtherNonoperatingIncomeExpense 108,672us-gaap_OtherNonoperatingIncomeExpense 39,982us-gaap_OtherNonoperatingIncomeExpense 160,693us-gaap_OtherNonoperatingIncomeExpense
Interest expense - Restructuring 0staf_InterestExpenseRestructuringCosts (2,541,853)staf_InterestExpenseRestructuringCosts 0staf_InterestExpenseRestructuringCosts (2,541,853)staf_InterestExpenseRestructuringCosts
Gain on settlement of debt - Restructuring 0us-gaap_GainsLossesOnRestructuringOfDebt 813,912us-gaap_GainsLossesOnRestructuringOfDebt 0us-gaap_GainsLossesOnRestructuringOfDebt 813,912us-gaap_GainsLossesOnRestructuringOfDebt
Modification Expense (40,216)staf_ModificationExpense 0staf_ModificationExpense (40,216)staf_ModificationExpense 0staf_ModificationExpense
Modification Expense - Restructuring (5,215)us-gaap_OtherRestructuringCosts (3,082,447)us-gaap_OtherRestructuringCosts (10,429)us-gaap_OtherRestructuringCosts (3,082,447)us-gaap_OtherRestructuringCosts
Loss Before Provision For Income Tax (3,221,563)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments (8,764,409)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments (4,877,997)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments (13,452,704)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Income tax benefit / (expense) 41,740us-gaap_IncomeTaxExpenseBenefit 36,381us-gaap_IncomeTaxExpenseBenefit 6,941us-gaap_IncomeTaxExpenseBenefit 98,995us-gaap_IncomeTaxExpenseBenefit
Net Loss From Continued Operations (3,179,823)us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest (8,728,028)us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest (4,871,056)us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest (13,353,709)us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
Net Income / (Loss) From Discontinued Operations 0us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax (9,168)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax 0us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax (46,760)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax
Net Loss (3,179,823)us-gaap_ProfitLoss (8,737,196)us-gaap_ProfitLoss (4,871,056)us-gaap_ProfitLoss (13,400,469)us-gaap_ProfitLoss
Net income (loss) attributable to non-controlling interest 206,357us-gaap_NetIncomeLossAttributableToNoncontrollingInterest 111,892us-gaap_NetIncomeLossAttributableToNoncontrollingInterest 220,913us-gaap_NetIncomeLossAttributableToNoncontrollingInterest 216,555us-gaap_NetIncomeLossAttributableToNoncontrollingInterest
Net Loss Attributable To Staffing 360 Solutions, Inc. (3,386,180)us-gaap_NetIncomeLoss (8,849,088)us-gaap_NetIncomeLoss (5,091,969)us-gaap_NetIncomeLoss (13,617,024)us-gaap_NetIncomeLoss
Dividends - Series A preferred stock 49,890us-gaap_PreferredStockDividendsIncomeStatementImpact 0us-gaap_PreferredStockDividendsIncomeStatementImpact 99,780us-gaap_PreferredStockDividendsIncomeStatementImpact 0us-gaap_PreferredStockDividendsIncomeStatementImpact
Net loss attributable to common stock $ (3,436,070)us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ (8,849,088)us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ (5,191,749)us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ (13,617,024)us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic
Basic And Diluted Income / (Loss) from Continued Operations (in dollars per share) $ (0.68)us-gaap_IncomeLossFromContinuingOperationsPerBasicAndDilutedShare $ (2.44)us-gaap_IncomeLossFromContinuingOperationsPerBasicAndDilutedShare $ (1.06)us-gaap_IncomeLossFromContinuingOperationsPerBasicAndDilutedShare $ (3.87)us-gaap_IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
Basic And Diluted Income / (Loss) from Discontinued Operations (in dollars per share) $ 0us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare $ 0.00us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare $ 0us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare $ (0.01)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
Basic And Diluted Income / (Loss) per Share (in dollars per share) $ (0.68)us-gaap_EarningsPerShareBasicAndDiluted $ (2.44)us-gaap_EarningsPerShareBasicAndDiluted $ (1.06)us-gaap_EarningsPerShareBasicAndDiluted $ (3.88)us-gaap_EarningsPerShareBasicAndDiluted
Weighted Average Shares Outstanding - Basic And Diluted (in shares) 4,706,554us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted 3,575,949us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted 4,599,032us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted 3,451,770us-gaap_WeightedAverageNumberOfShareOutstandingBasicAndDiluted