Aura Systems Inc (AUSI) financial statements (2022 and earlier)

Company profile

Business Address 10541 ASHDALE STREET
STANTON, CA 90680
State of Incorp. DE
Fiscal Year End February 28
SIC 369 - Miscellaneous Electrical Machinery, Equipment, and Supplies (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

11/30/2021
TTM
2/28/2021
2/29/2020
2/28/2019
2/28/2018
2/28/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments17039120358748256
Cash and cash equivalents17039120358748256
Inventory, net of allowances, customer advances and progress billings1919490(3,583)(3,457)(3,441)
Inventory1919490(3,583)(3,457)(3,441)
Other current assets200115160423
Other undisclosed current assets  (0)3,5833,4573,441
Total current assets:561600111418790259
Noncurrent Assets
Operating lease, right-of-use asset1,0441,168 
Deposits noncurrent assets160160    
Other undisclosed noncurrent assets33515 2502504
Total noncurrent assets:1,5391,343 2502504
TOTAL ASSETS:2,1001,9431116681,040262
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1141,8395,2455,8418,58910,883
Accounts payable1,4481,8802,5372,6365,3774,944
Accrued liabilities1,7291,2882,7083,2053,2125,939
Other undisclosed accounts payable and accrued liabilities(3,062)(1,329)    
Debt1081981,6848481,4038,994
Due to related parties12,79112,16510,6346,1565,35429,670
Customer advances and deposits504642
Other undisclosed current liabilities3,6761,8801,4494,7815,6242,880
Total current liabilities:16,68916,08319,01117,62621,47353,069
Noncurrent Liabilities
Long-term debt and lease obligation1,3001,2071,403 1,233 
Long-term debt, excluding current maturities3851601,403 1,233 
Operating lease, liability9141,047 
Liabilities, other than long-term debt3,0003,0003,0003,0003,000 
Due to related parties3,0003,0003,0003,0003,000 
Other undisclosed noncurrent liabilities1,4031,403 1,637(0) 
Total noncurrent liabilities:5,7035,6104,4034,6374,233 
Total liabilities:22,39221,69223,41422,26325,70653,069
Stockholders' equity
Stockholders' equity attributable to parent, including:(20,291)(19,750)(23,303)(21,595)(24,665)(52,806)
Common stock87651511
Common stock, share subscribed but unissued, subscriptions receivable    (1,300) 
Additional paid in capital448,953446,127443,417442,519438,236410,500
Accumulated deficit(469,253)(465,883)(466,726)(464,119)(461,617)(463,317)
Other undisclosed stockholders' equity attributable to parent  (0)(0)  
Total stockholders' equity:(20,291)(19,750)(23,303)(21,595)(24,665)(52,806)
TOTAL LIABILITIES AND EQUITY:2,1001,9431116681,040262

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

11/30/2021
TTM
2/28/2021
2/29/2020
2/28/2019
2/28/2018
2/28/2017
Revenues(545)11582239  
Other income 2,720    
Cost of revenue
(Cost of Goods and Services Sold)
(88)(81)(177)(170)  
Other undisclosed gross profit00    
Gross profit:(633)33645(131)  
Operating expenses(2,963)(1,556)(1,682)(4,085)(5,906)(3,557)
Other undisclosed operating income0     
Operating loss:(3,596)(1,523)(1,037)(4,216)(5,906)(3,557)
Nonoperating income (expense)3,9402,721 1,7137,607(4,175)
Other nonoperating income 2,721 45 72
Interest and debt expense(474)(427)3282,74713,08970
Income (loss) from continuing operations before equity method investments, income taxes:(130)772(709)24514,790(7,661)
Other undisclosed income (loss) from continuing operations before income taxes15172(1,888)   
Income (loss) from continuing operations before income taxes:21843(2,597)24514,790(7,661)
Income tax expense (1)(10)   
Other undisclosed loss from continuing operations(1)     
Income (loss) before gain (loss) on sale of properties:20843(2,607)24514,790(7,661)
Other undisclosed net income2,209     
Net income (loss):2,229843(2,607)24514,790(7,661)
Net income attributable to noncontrolling interest1,246     
Other undisclosed net loss attributable to parent(4,340)  (2,747)(13,089)(70)
Net income (loss) available to common stockholders, diluted:(866)843(2,607)(2,502)1,701(7,731)

Comprehensive Income ($ in thousands)

11/30/2021
TTM
2/28/2021
2/29/2020
2/28/2019
2/28/2018
2/28/2017
Net income (loss):2,229843(2,607)24514,790(7,661)
Comprehensive income (loss):2,229843(2,607)24514,790(7,661)
Comprehensive income, net of tax, attributable to noncontrolling interest1,246     
Comprehensive income (loss), net of tax, attributable to parent:3,475843(2,607)24514,790(7,661)

Statements sources

The financial statements are based on the company's filings with the 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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