v2.4.1.9
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
6 Months Ended
Nov. 30, 2015
Nov. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (4,871,056)us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest $ (13,353,709)us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
Adjustments to reconcile net loss from operations to net cash used in operating activities:    
Net loss from discontinued operations 0us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax (46,760)us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax
Depreciation 108,554us-gaap_Depreciation 75,605us-gaap_Depreciation
Write off of fixed assets 49,295staf_WriteOffOfFixedAssets 0staf_WriteOffOfFixedAssets
Amortization of intangible assets 1,428,791us-gaap_AmortizationOfIntangibleAssets 1,311,159us-gaap_AmortizationOfIntangibleAssets
Amortization of deferred finance costs and original issue discount 476,565us-gaap_AmortizationOfDeferredCharges 509,308us-gaap_AmortizationOfDeferredCharges
Amortization of debt discount 504,768us-gaap_AmortizationOfDebtDiscountPremium 1,026,798us-gaap_AmortizationOfDebtDiscountPremium
Amortization of beneficial conversion feature 366,040staf_AmortizationOfBeneficialConversionFeature 2,346,705staf_AmortizationOfBeneficialConversionFeature
Change in fair value of goodwill 0us-gaap_GoodwillPeriodIncreaseDecrease (81,149)us-gaap_GoodwillPeriodIncreaseDecrease
Impairment of goodwill 0us-gaap_GoodwillImpairmentLoss 703,222us-gaap_GoodwillImpairmentLoss
Stock based compensation 1,611,102us-gaap_AllocatedShareBasedCompensationExpense 456,305us-gaap_AllocatedShareBasedCompensationExpense
Warrants issued as interest to noteholders 0us-gaap_AdjustmentOfWarrantsGrantedForServices 1,348,536us-gaap_AdjustmentOfWarrantsGrantedForServices
Modification expense 50,645staf_ModificationExpenseIncludingRestructuringCost 3,082,447staf_ModificationExpenseIncludingRestructuringCost
Gain on settlement of debt (35,450)us-gaap_GainsLossesOnExtinguishmentOfDebt (813,912)us-gaap_GainsLossesOnExtinguishmentOfDebt
Dividends declared - Series A preferred 99,780us-gaap_PreferredStockDividendsIncomeStatementImpact 0us-gaap_PreferredStockDividendsIncomeStatementImpact
Interest paid in common stock 30,850us-gaap_IssuanceOfStockAndWarrantsForServicesOrClaims 273,879us-gaap_IssuanceOfStockAndWarrantsForServicesOrClaims
Changes in operating assets and liabilities:    
Accounts receivable (468,438)us-gaap_IncreaseDecreaseInAccountsReceivable (1,911,156)us-gaap_IncreaseDecreaseInAccountsReceivable
Prepaid expenses and other current assets 73,951us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets 164,135us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
Other assets (391,290)us-gaap_IncreaseDecreaseInOtherOperatingAssets (70,521)us-gaap_IncreaseDecreaseInOtherOperatingAssets
Accounts payable and accrued expenses (273,098)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities 3,059,370us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
Accounts payable - Related parties (25,220)us-gaap_IncreaseDecreaseInAccountsPayableRelatedParties (21,080)us-gaap_IncreaseDecreaseInAccountsPayableRelatedParties
Accrued payroll and taxes 1,150,277us-gaap_IncreaseDecreaseInEmployeeRelatedLiabilities (84,021)us-gaap_IncreaseDecreaseInEmployeeRelatedLiabilities
Other current liabilities (46,421)us-gaap_IncreaseDecreaseInOtherCurrentLiabilities (116,608)us-gaap_IncreaseDecreaseInOtherCurrentLiabilities
Interest payable - Long term 41,707us-gaap_IncreaseDecreaseInInterestPayableNet 0us-gaap_IncreaseDecreaseInInterestPayableNet
NET CASH USED IN OPERATING ACTIVITIES - CONTINUING OPERATIONS (118,648)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations (2,141,447)us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
NET CASH PROVIDED BY OPERATING ACTIVITIES - DISCONTINUED OPERATIONS 0us-gaap_CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations 185,340us-gaap_CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
NET CASH USED IN OPERATING ACTIVITIES (118,648)us-gaap_NetCashProvidedByUsedInOperatingActivities (1,956,107)us-gaap_NetCashProvidedByUsedInOperatingActivities
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisition - Payments due to seller (82,984)staf_PaymentsToSellersAcquisitions (1,347,215)staf_PaymentsToSellersAcquisitions
Payment towards earn-out liability (86,364)staf_PaymentsToEarnOutAgreement (255,980)staf_PaymentsToEarnOutAgreement
Purchase of fixed assets (97,502)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (117,652)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Cash paid for purchase of subsidiary (3,653,829)us-gaap_PaymentsToAcquireBusinessesGross 0us-gaap_PaymentsToAcquireBusinessesGross
NET CASH USED IN INVESTING ACTIVITIES (3,920,679)us-gaap_NetCashProvidedByUsedInInvestingActivities (1,720,847)us-gaap_NetCashProvidedByUsedInInvestingActivities
CASH FLOWS FROM FINANCING ACTIVITIES:    
Deferred financing payments (1,115,456)us-gaap_PaymentsOfFinancingCosts (265,535)us-gaap_PaymentsOfFinancingCosts
Proceeds from convertible notes payable, net of original issue discount 4,279,000us-gaap_ProceedsFromConvertibleDebt 100,000us-gaap_ProceedsFromConvertibleDebt
Repayment of convertible notes payable (275,445)us-gaap_RepaymentsOfConvertibleDebt (300,000)us-gaap_RepaymentsOfConvertibleDebt
Proceeds from promissory notes payable 1,555,450us-gaap_ProceedsFromNotesPayable 1,455,000us-gaap_ProceedsFromNotesPayable
Repayment of promissory notes (1,052,014)us-gaap_RepaymentsOfNotesPayable (1,858,027)us-gaap_RepaymentsOfNotesPayable
Proceeds from accounts receivable financing 1,772,383us-gaap_ProceedsFromRepaymentsOfAccountsReceivableSecuritization 2,438,930us-gaap_ProceedsFromRepaymentsOfAccountsReceivableSecuritization
Proceeds from sale of bonds 0staf_ProceedsFromSaleOfConvertibleBonds 2,041,500staf_ProceedsFromSaleOfConvertibleBonds
Repayment of bonds (100,000)staf_RepaymentOfBonds 0staf_RepaymentOfBonds
NET CASH PROVIDED BY FINANCING ACTIVITIES 5,063,918us-gaap_NetCashProvidedByUsedInFinancingActivities 3,611,868us-gaap_NetCashProvidedByUsedInFinancingActivities
NET INCREASE IN CASH 1,024,591us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (65,086)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Effect of variation of exchange rate on cash held in foreign currency (2,846)us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents 0us-gaap_EffectOfExchangeRateOnCashAndCashEquivalents
CASH - Beginning of period 19,194us-gaap_CashAndCashEquivalentsAtCarryingValue 1,295,733us-gaap_CashAndCashEquivalentsAtCarryingValue
CASH - End of period 1,040,939us-gaap_CashAndCashEquivalentsAtCarryingValue 1,230,647us-gaap_CashAndCashEquivalentsAtCarryingValue
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Interest 859,144us-gaap_InterestPaid 102,958us-gaap_InterestPaid
Income taxes 52,183us-gaap_IncomeTaxesPaidNet 0us-gaap_IncomeTaxesPaidNet
SUPPLEMENTAL SCHEDULES OF NONCASH INVESTING AND FINANCING ACTIVITIES:    
Intangible asset 3,412,182us-gaap_FinitelivedIntangibleAssetsAcquired1 0us-gaap_FinitelivedIntangibleAssetsAcquired1
Goodwill 5,809,930us-gaap_GoodwillAcquiredDuringPeriod 0us-gaap_GoodwillAcquiredDuringPeriod
Common stock issued in connection with purchase of subsidiary 700,168staf_CommonStockIssuedInConnectionWithPurchaseOfSubsidiary 0staf_CommonStockIssuedInConnectionWithPurchaseOfSubsidiary
Promissory notes issued in connection with acquisitions 3,893,274us-gaap_NotesIssued1 0us-gaap_NotesIssued1
Earnout liability 1,309,510staf_EarnoutLiabilityAssumed 0staf_EarnoutLiabilityAssumed
Common stock issued to placement agent 0staf_StockIssuedForPlacementAgents 27,832staf_StockIssuedForPlacementAgents
Conversion of accounts payable to common stock 0staf_ConversionOfAccountsPayableToCommonStock 32,870staf_ConversionOfAccountsPayableToCommonStock
Conversion of a convertible note payable 0us-gaap_DebtConversionConvertedInstrumentAmount1 600,000us-gaap_DebtConversionConvertedInstrumentAmount1
Conversion of interest related to a convertible note payable 0us-gaap_InducedConversionOfConvertibleDebtExpense 193,023us-gaap_InducedConversionOfConvertibleDebtExpense
Beneficial conversion feature in relation to issuance of debt 1,980,475us-gaap_DebtInstrumentConvertibleBeneficialConversionFeature 667,941us-gaap_DebtInstrumentConvertibleBeneficialConversionFeature
Debt discount in relation to issuance of debt 1,274,875staf_DebtDiscountRelatedToDebtIssuance 416,230staf_DebtDiscountRelatedToDebtIssuance
Assets acquired from purchase of subsidiaries 4,164,849us-gaap_FairValueOfAssetsAcquired 0us-gaap_FairValueOfAssetsAcquired
Liabilities assumed from acquisitions 3,740,255us-gaap_LiabilitiesAssumed1 0us-gaap_LiabilitiesAssumed1
Promissory Notes [Member]    
SUPPLEMENTAL SCHEDULES OF NONCASH INVESTING AND FINANCING ACTIVITIES:    
Shares issued 0us-gaap_StockIssued1
/ us-gaap_DebtConversionByUniqueDescriptionAxis
= staf_PromissoryNotesMember
2,994,202us-gaap_StockIssued1
/ us-gaap_DebtConversionByUniqueDescriptionAxis
= staf_PromissoryNotesMember
Convertible Bonds [Member]    
SUPPLEMENTAL SCHEDULES OF NONCASH INVESTING AND FINANCING ACTIVITIES:    
Shares issued $ 0us-gaap_StockIssued1
/ us-gaap_DebtConversionByUniqueDescriptionAxis
= staf_BondMember
$ 3,528,500us-gaap_StockIssued1
/ us-gaap_DebtConversionByUniqueDescriptionAxis
= staf_BondMember