Aura Systems Inc (AUSI) Financial Statements (2025 and earlier)

Company Profile

Business Address 10541 ASHDALE STREET
STANTON, CA 90680
State of Incorp. DE
Fiscal Year End February 29
Industry (SIC) 369 - Miscellaneous Electrical Machinery, Equipment, and Supplies (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

8/31/2024
MRQ
2/29/2024
11/30/2023
MRQ
2/28/2023
2/28/2022
2/28/2021
2/29/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments124451515039120
Cash and cash equivalents124451515039120
Receivables      
Inventory, net of allowances, customer advances and progress billings20471551449490
Inventory20471551449490
Prepaid expense 8     
Other current assets   1422551151
Other undisclosed current assets167169   (0)
Total current assets:319261312550600111
Noncurrent Assets
Operating lease, right-of-use asset6076608161,0001,168 
Property, plant and equipment378405461485  
Deposits noncurrent assets160160160160160 
Other undisclosed noncurrent assets     15 
Total noncurrent assets:1,1451,2251,4371,6451,343 
TOTAL ASSETS:1,4641,4861,7492,1951,943111
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:5,2234,8964,1473,2741,8395,245
Accounts payable 2,6252,4962,3171,5821,8802,537
Accrued liabilities2,5982,4001,8301,6921,2882,708
Other undisclosed accounts payable and accrued liabilities    (1,329) 
Debt3,1394856608671981,684
Derivative instruments and hedges, liabilities  9828  
Due to related parties 13,18312,16510,634
Other undisclosed current liabilities6,8259,4789,2104,0661,8801,449
Total current liabilities:15,18714,85914,02622,21916,08319,011
Noncurrent Liabilities
Long-term debt and lease obligation286301 8671,2071,403
Long-term debt, excluding current maturities286301  1601,403
Liabilities, other than long-term debt636485660 3,0003,000
Accounts payable and accrued liabilities 213     
Due to related parties  3,0003,000
Operating lease, liability4234856608671,047 
Other undisclosed noncurrent liabilities 6,8757,0887,321(540)1,403 
Total noncurrent liabilities:7,7977,8747,9811,1955,6104,403
Total liabilities:22,98422,73322,00723,41421,69223,414
Equity
Equity, attributable to parent, including:(21,520)(21,247)(20,258)(21,220)(19,750)(23,303)
Common stock10109876
Common stock, share subscribed but unissued, subscriptions receivable  (155)    
Additional paid in capital457,460456,688454,507450,137446,127443,417
Accumulated deficit(478,990)(477,945)(474,774)(471,364)(465,883)(466,726)
Other undisclosed equity, attributable to parent  155   (0)
Total equity:(21,520)(21,247)(20,258)(21,220)(19,750)(23,303)
TOTAL LIABILITIES AND EQUITY:1,4641,4861,7492,1951,943111

Income Statement (P&L) ($ in thousands)

8/31/2024
TTM
2/29/2024
11/30/2023
TTM
2/28/2023
2/28/2022
2/28/2021
2/29/2020
Revenues564371100115822
Other income     2,720 
Cost of revenue
(Cost of Goods and Services Sold)
(193)(128)(88)(124)(81)(177)
Other undisclosed gross profit    0 
Gross profit:(137)(84)(17)(24)33645
Operating expenses(2,623)(2,911)(3,486)(3,406)(1,556)(1,682)
Other undisclosed operating loss   (0)  
Operating loss:(2,760)(2,995)(3,503)(3,430)(1,523)(1,037)
Nonoperating income    2,721 
Other nonoperating income     2,721 
Interest and debt expense(1,465)(966)(727)(1,272)(427)328
Other undisclosed income from continuing operations before equity method investments, income taxes      
Income (loss) from continuing operations before equity method investments, income taxes:(4,225)(3,961)(4,230)(4,701)772(709)
Other undisclosed income (loss) from continuing operations before income taxes (79) 71072(1,888)
Income (loss) from continuing operations before income taxes:(4,225)(4,041)(4,230)(3,992)843(2,597)
Income tax expense (benefit)   1 (1)(10)
Other undisclosed income from continuing operations  1    
Income (loss) from continuing operations:(4,225)(4,040)(4,229)(3,992)843(2,607)
Income (loss) before gain (loss) on sale of properties:(3,992)843(2,607)
Other undisclosed net income (loss) 3,108819   
Net income (loss):(4,225)(932)(3,410)(3,992)843(2,607)
Net income attributable to noncontrolling interest  1,1413,4103,992  
Other undisclosed net income (loss) attributable to parent9(3,421)(3,410)(3,992)  
Net income (loss) available to common stockholders, diluted:(4,216)(3,212)(3,410)(3,992)843(2,607)

Comprehensive Income ($ in thousands)

8/31/2024
TTM
2/29/2024
11/30/2023
TTM
2/28/2023
2/28/2022
2/28/2021
2/29/2020
Net income (loss):(4,225)(932)(3,410)(3,992)843(2,607)
Comprehensive income (loss):(4,225)(932)(3,410)(3,992)843(2,607)
Comprehensive income, net of tax, attributable to noncontrolling interest  1,1413,4103,992  
Other undisclosed comprehensive income, net of tax, attributable to parent  3,410    
Comprehensive income (loss), net of tax, attributable to parent:(4,225)3,619  843(2,607)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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