Aura Systems Inc (AUSI) Financial Statements (2024 and earlier)

Company Profile

Business Address 10541 ASHDALE STREET
STANTON, CA 90680
State of Incorp. DE
Fiscal Year End February 28
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)

11/30/2023
MRQ
2/28/2023
2/28/2022
2/28/2021
2/29/2020
2/28/2019
2/28/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1515039120358748
Cash and cash equivalents1515039120358748
Inventory, net of allowances, customer advances and progress billings1551449490(3,583)(3,457)
Inventory1551449490(3,583)(3,457)
Other current assets 14225511516042
Other undisclosed current assets   (0)3,5833,457
Total current assets:312550600111418790
Noncurrent Assets
Operating lease, right-of-use asset8161,0001,168 
Property, plant and equipment461485    
Deposits noncurrent assets160160160   
Other undisclosed noncurrent assets   15 250250
Total noncurrent assets:1,4371,6451,343 250250
TOTAL ASSETS:1,7492,1951,9431116681,040
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:4,1473,2741,8395,2455,8418,589
Accounts payable2,3171,5821,8802,5372,6365,377
Accrued liabilities1,8301,6921,2882,7083,2053,212
Other undisclosed accounts payable and accrued liabilities   (1,329)   
Debt6608671981,6848481,403
Derivative instruments and hedges, liabilities 9828    
Due to related parties 13,18312,16510,6346,1565,354
Customer advances and deposits504
Other undisclosed current liabilities9,2104,0661,8801,4494,7815,624
Total current liabilities:14,02622,21916,08319,01117,62621,473
Noncurrent Liabilities
Long-term debt and lease obligation 8671,2071,403 1,233
Long-term debt, excluding current maturities  1601,403 1,233
Liabilities, other than long-term debt660 3,0003,0003,0003,000
Due to related parties  3,0003,0003,0003,000
Operating lease, liability6608671,047 
Other undisclosed noncurrent liabilities7,321(540)1,403 1,637(0)
Total noncurrent liabilities:7,9811,1955,6104,4034,6374,233
Total liabilities:22,00723,41421,69223,41422,26325,706
Equity
Equity, attributable to parent, including:(20,258)(21,220)(19,750)(23,303)(21,595)(24,665)
Common stock9876515
Common stock, share subscribed but unissued, subscriptions receivable     (1,300)
Additional paid in capital454,507450,137446,127443,417442,519438,236
Accumulated deficit(474,774)(471,364)(465,883)(466,726)(464,119)(461,617)
Other undisclosed equity, attributable to parent   (0)(0) 
Total equity:(20,258)(21,220)(19,750)(23,303)(21,595)(24,665)
TOTAL LIABILITIES AND EQUITY:1,7492,1951,9431116681,040

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

11/30/2023
TTM
2/28/2023
2/28/2022
2/28/2021
2/29/2020
2/28/2019
2/28/2018
Revenues7110011582239 
Other income   2,720   
Cost of revenue
(Cost of Goods and Services Sold)
(88)(124)(81)(177)(170) 
Other undisclosed gross profit   0   
Gross profit:(17)(24)33645(131) 
Operating expenses(3,486)(3,406)(1,556)(1,682)(4,085)(5,906)
Other undisclosed operating loss  (0)    
Operating loss:(3,503)(3,430)(1,523)(1,037)(4,216)(5,906)
Nonoperating income   2,721 1,7137,607
Other nonoperating income   2,721 45 
Interest and debt expense(727)(1,272)(427)3282,74713,089
Income (loss) from continuing operations before equity method investments, income taxes:(4,230)(4,701)772(709)24514,790
Other undisclosed income (loss) from continuing operations before income taxes 71072(1,888)  
Income (loss) from continuing operations before income taxes:(4,230)(3,992)843(2,597)24514,790
Income tax expense (benefit) 1 (1)(10)  
Other undisclosed income from continuing operations      
Income (loss) from continuing operations:(4,229)(3,992)843(2,607)24514,790
Income (loss) before gain (loss) on sale of properties:(3,992)843(2,607)24514,790
Other undisclosed net income819     
Net income (loss):(3,410)(3,992)843(2,607)24514,790
Net income attributable to noncontrolling interest3,4103,992    
Other undisclosed net loss attributable to parent(3,410)(3,992)  (2,747)(13,089)
Net income (loss) available to common stockholders, diluted:(3,410)(3,992)843(2,607)(2,502)1,701

Comprehensive Income ($ in thousands)

11/30/2023
TTM
2/28/2023
2/28/2022
2/28/2021
2/29/2020
2/28/2019
2/28/2018
Net income (loss):(3,410)(3,992)843(2,607)24514,790
Comprehensive income (loss):(3,410)(3,992)843(2,607)24514,790
Comprehensive income, net of tax, attributable to noncontrolling interest3,4103,992    
Other undisclosed comprehensive income, net of tax, attributable to parent      
Comprehensive income (loss), net of tax, attributable to parent:  843(2,607)24514,790

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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