$AITX
Artificial Intelligence Technology Solutions Inc. Stock $aitx

$aitx Overview Financials Valuation SEC Filings Company Website

2015 Q2 Form 10-K Financial Statement

#000116169715000262 Filed on June 15, 2015

Income Statement

Concept	2015 Q2	2015	2014 Q1
Revenue		$6.750K
YoY Change
Cost Of Revenue
YoY Change
Gross Profit		$6.750K
YoY Change
Gross Profit Margin		100.0%
Selling, General & Admin		$595.7K
YoY Change		3.54%
% of Gross Profit		8824.87%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization		$11.87K
YoY Change
% of Gross Profit		175.91%
Operating Expenses		$595.7K
YoY Change		3.54%
Operating Profit		-$652.1K
YoY Change		7.73%
Interest Expense		$375.4K
YoY Change		244.27%
% of Operating Profit
Other Income/Expense, Net		-$375.4K
YoY Change		244.27%
Pretax Income
YoY Change
Income Tax
% Of Pretax Income
Net Earnings		-$1.049M
YoY Change		36.88%
Net Earnings / Revenue		-15547.08%
Basic Earnings Per Share
Diluted Earnings Per Share
COMMON SHARES
Basic Shares Outstanding	1.365M shares		22.10M shares
Diluted Shares Outstanding

Balance Sheet

Concept	2015 Q2	2015	2014 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents			$30.18K
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets			$37.19K
YoY Change			-16.47%
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets			$17.75K
YoY Change			-82.19%
TOTAL ASSETS
Total Short-Term Assets			$37.19K
Total Long-Term Assets			$17.75K
Total Assets			$54.94K
YoY Change			-61.9%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities			$728.9K
YoY Change			52.28%
LONG-TERM LIABILITIES
Long-Term Debt
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities			$728.9K
Total Long-Term Liabilities
Total Liabilities			$801.8K
YoY Change			5.24%
SHAREHOLDERS EQUITY
Retained Earnings			-$5.330M
YoY Change			18.54%
Common Stock			$46.00
YoY Change			-97.51%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity			-$746.8K
YoY Change
Total Liabilities & Shareholders Equity			$54.94K
YoY Change			-61.9%

Cashflow Statement

Concept	2015 Q2	2015	2014 Q1
OPERATING ACTIVITIES
Net Income		-$1.049M
YoY Change		36.88%
Depreciation, Depletion And Amortization		$11.87K
YoY Change
Cash From Operating Activities		-$379.0K
YoY Change		-22.68%
INVESTING ACTIVITIES
Capital Expenditures		$30.00K
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities		-$30.00K
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities		$381.5K
YoY Change		-24.41%
NET CHANGE
Cash From Operating Activities		-$379.0K
Cash From Investing Activities		-$30.00K
Cash From Financing Activities		$381.5K
Net Change In Cash		-$27.50K
YoY Change		-289.51%
FREE CASH FLOW
Cash From Operating Activities		-$379.0K
Capital Expenditures		$30.00K
Free Cash Flow		-$409.0K
YoY Change		-16.56%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2014Q1	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	480000000	shares
CY2014Q1	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	75361	shares
CY2015Q1	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	75361	shares
CY2015Q1	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2014Q1	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2015Q1	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	480000000	shares
CY2015Q1	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	75361	shares
CY2014Q1	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	75361	shares
CY2015Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	2679	USD
CY2014Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	30183	USD
CY2015Q1	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	5250	USD
CY2014Q1	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent		USD
CY2015Q1	us-gaap	Assets Of Disposal Group Including Discontinued Operation Current AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent		USD
CY2014Q1	us-gaap	Assets Of Disposal Group Including Discontinued Operation Current AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent	7005	USD
CY2015Q1	us-gaap	Assets Current AssetsCurrent	7929	USD
CY2014Q1	us-gaap	Assets Current AssetsCurrent	37188	USD
CY2015Q1	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	11874	USD
CY2014Q1	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	0	USD
CY2015Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	80130	USD
CY2014Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet		USD
CY2015Q1	us-gaap	Disposal Group Including Discontinued Operation Assets Noncurrent DisposalGroupIncludingDiscontinuedOperationAssetsNoncurrent		USD
CY2014Q1	us-gaap	Disposal Group Including Discontinued Operation Assets Noncurrent DisposalGroupIncludingDiscontinuedOperationAssetsNoncurrent	17751	USD
CY2015Q1	us-gaap	Assets Assets	88059	USD
CY2014Q1	us-gaap	Assets Assets	54939	USD
CY2015Q1	us-gaap	Accounts Payable And Accrued Liabilities Current AccountsPayableAndAccruedLiabilitiesCurrent	307842	USD
CY2014Q1	us-gaap	Accounts Payable And Accrued Liabilities Current AccountsPayableAndAccruedLiabilitiesCurrent	247672	USD
CY2015Q1	us-gaap	Accounts Payable Other Current AccountsPayableOtherCurrent		USD
CY2014Q1	us-gaap	Accounts Payable Other Current AccountsPayableOtherCurrent	130037	USD
CY2015Q1	omvs	Debt Instrument Unamortized Discount Current DebtInstrumentUnamortizedDiscountCurrent	380949	USD
CY2014Q1	omvs	Debt Instrument Unamortized Discount Current DebtInstrumentUnamortizedDiscountCurrent	0	USD
CY2015Q1	us-gaap	Convertible Notes Payable Current ConvertibleNotesPayableCurrent	448599	USD
CY2014Q1	us-gaap	Convertible Notes Payable Current ConvertibleNotesPayableCurrent	294871	USD
CY2015Q1	us-gaap	Capital Lease Obligations Current CapitalLeaseObligationsCurrent	5645	USD
CY2014Q1	us-gaap	Capital Lease Obligations Current CapitalLeaseObligationsCurrent		USD
CY2015Q1	us-gaap	Interest Payable Current InterestPayableCurrent	124379	USD
CY2014Q1	us-gaap	Interest Payable Current InterestPayableCurrent	20953	USD
CY2015Q1	us-gaap	Liabilities Of Disposal Group Including Discontinued Operation Current LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent		USD
CY2014Q1	us-gaap	Liabilities Of Disposal Group Including Discontinued Operation Current LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent	35350	USD
CY2015Q1	us-gaap	Liabilities Current LiabilitiesCurrent	886465	USD
CY2014Q1	us-gaap	Liabilities Current LiabilitiesCurrent	728883	USD
CY2015Q1	omvs	Debt Instrument Unamortized Discount Noncurrent DebtInstrumentUnamortizedDiscountNoncurrent	500339	USD
CY2014Q1	omvs	Debt Instrument Unamortized Discount Noncurrent DebtInstrumentUnamortizedDiscountNoncurrent	615024	USD
CY2015Q1	us-gaap	Convertible Long Term Notes Payable ConvertibleLongTermNotesPayable	22620	USD
CY2014Q1	us-gaap	Convertible Long Term Notes Payable ConvertibleLongTermNotesPayable	43529	USD
CY2015Q1	us-gaap	Other Accrued Liabilities Noncurrent OtherAccruedLiabilitiesNoncurrent	20200	USD
CY2014Q1	us-gaap	Other Accrued Liabilities Noncurrent OtherAccruedLiabilitiesNoncurrent	29354	USD
CY2015Q1	us-gaap	Capital Lease Obligations Noncurrent CapitalLeaseObligationsNoncurrent	22080	USD
CY2014Q1	us-gaap	Capital Lease Obligations Noncurrent CapitalLeaseObligationsNoncurrent		USD
CY2014Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	54939	USD
CY2015Q1	us-gaap	Liabilities Liabilities	1115555	USD
CY2014Q1	us-gaap	Liabilities Liabilities	801766	USD
CY2015Q1	us-gaap	Preferred Stock Value PreferredStockValue	1000	USD
CY2014Q1	us-gaap	Preferred Stock Value PreferredStockValue		USD
CY2015Q1	us-gaap	Common Stock Value CommonStockValue	75	USD
CY2014Q1	us-gaap	Common Stock Value CommonStockValue	46	USD
CY2015Q1	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	5351237	USD
CY2014Q1	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	4583507	USD
CY2015Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-6379808	USD
CY2014Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-5330380	USD
CY2015Q1	us-gaap	Stockholders Equity StockholdersEquity	-1027496	USD
CY2014Q1	us-gaap	Stockholders Equity StockholdersEquity	-746827	USD
CY2015Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	88059	USD
CY2015Q1	omvs	Convertible Long Term Notes Payable Related Party ConvertibleLongTermNotesPayableRelatedParty	164190	USD
CY2014Q1	omvs	Convertible Long Term Notes Payable Related Party ConvertibleLongTermNotesPayableRelatedParty		USD
CY2015	us-gaap	Revenues Revenues	6750	USD
CY2014	us-gaap	Revenues Revenues		USD
CY2015	us-gaap	Cost Of Goods Sold CostOfGoodsSold		USD
CY2014	us-gaap	Cost Of Goods Sold CostOfGoodsSold		USD
CY2015	us-gaap	Gross Profit GrossProfit	6750	USD
CY2014	us-gaap	Gross Profit GrossProfit		USD
CY2015	us-gaap	Other Cost And Expense Operating OtherCostAndExpenseOperating	63178	USD
CY2014	us-gaap	Other Cost And Expense Operating OtherCostAndExpenseOperating	30000	USD
CY2015	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	595679	USD
CY2014	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	575334	USD
CY2015	us-gaap	Operating Income Loss OperatingIncomeLoss	-652107	USD
CY2014	us-gaap	Operating Income Loss OperatingIncomeLoss	-605334	USD
CY2015	us-gaap	Interest Expense InterestExpense	375412	USD
CY2014	us-gaap	Interest Expense InterestExpense	109047	USD
CY2015	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-375412	USD
CY2014	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-109047	USD
CY2015	us-gaap	Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest	-1027519	USD
CY2014	us-gaap	Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest	-714381	USD
CY2015	us-gaap	Income Loss From Discontinued Operations Net Of Tax IncomeLossFromDiscontinuedOperationsNetOfTax	-21909	USD
CY2014	us-gaap	Income Loss From Discontinued Operations Net Of Tax IncomeLossFromDiscontinuedOperationsNetOfTax	-52294	USD
CY2015	us-gaap	Net Income Loss NetIncomeLoss	-1049428	USD
CY2014	us-gaap	Net Income Loss NetIncomeLoss	-766675	USD
CY2015	us-gaap	Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare	-16.89
CY2014	us-gaap	Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare	-17.64
CY2015	us-gaap	Income Loss From Continuing Operations Per Basic And Diluted Share IncomeLossFromContinuingOperationsPerBasicAndDilutedShare	-0.36
CY2014	us-gaap	Income Loss From Continuing Operations Per Basic And Diluted Share IncomeLossFromContinuingOperationsPerBasicAndDilutedShare	-1.29
CY2015	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-17.25
CY2014	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-18.93
CY2015	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	60820	shares
CY2014	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	40506	shares
CY2013Q1	us-gaap	Stockholders Equity StockholdersEquity	-684705	USD
CY2014	us-gaap	Stock Issued During Period Value Conversion Of Convertible Securities Net Of Adjustments StockIssuedDuringPeriodValueConversionOfConvertibleSecuritiesNetOfAdjustments	46000	USD
CY2014	us-gaap	Adjustments To Additional Paid In Capital Convertible Debt With Conversion Feature AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature	658553	USD
CY2015	us-gaap	Stock Issued During Period Value Conversion Of Convertible Securities Net Of Adjustments StockIssuedDuringPeriodValueConversionOfConvertibleSecuritiesNetOfAdjustments	145800	USD
CY2015	us-gaap	Adjustments To Additional Paid In Capital Convertible Debt With Conversion Feature AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature	522959	USD
CY2015	us-gaap	Stock Issued During Period Value Issued For Services StockIssuedDuringPeriodValueIssuedForServices	100000	USD
CY2015	us-gaap	Amortization Of Debt Discount Premium AmortizationOfDebtDiscountPremium	256695	USD
CY2014	us-gaap	Amortization Of Debt Discount Premium AmortizationOfDebtDiscountPremium	43529	USD
CY2015	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	11874	USD
CY2014	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization		USD
CY2015	us-gaap	Issuance Of Stock And Warrants For Services Or Claims IssuanceOfStockAndWarrantsForServicesOrClaims	100000	USD
CY2013Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	15670	USD
CY2014	us-gaap	Issuance Of Stock And Warrants For Services Or Claims IssuanceOfStockAndWarrantsForServicesOrClaims		USD
CY2015	us-gaap	Increase Decrease In Interest Payable Net IncreaseDecreaseInInterestPayableNet	116196	USD
CY2014	us-gaap	Increase Decrease In Interest Payable Net IncreaseDecreaseInInterestPayableNet	65518	USD
CY2015	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	194360	USD
CY2014	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	152854	USD
CY2015	us-gaap	Cash Provided By Used In Operating Activities Discontinued Operations CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations	-25405	USD
CY2014	us-gaap	Cash Provided By Used In Operating Activities Discontinued Operations CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations	-37737	USD
CY2015	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-379049	USD
CY2014	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-490217	USD
CY2015	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	381545	USD
CY2015	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	5250	USD
CY2014	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable		USD
CY2015	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	30000	USD
CY2014	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment		USD
CY2015	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-30000	USD
CY2014	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities		USD
CY2015	us-gaap	Proceeds From Issuance Of Debt ProceedsFromIssuanceOfDebt	392922	USD
CY2014	us-gaap	Proceeds From Issuance Of Debt ProceedsFromIssuanceOfDebt	526995	USD
CY2015	us-gaap	Repayments Of Long Term Capital Lease Obligations RepaymentsOfLongTermCapitalLeaseObligations	4279	USD
CY2014	us-gaap	Repayments Of Long Term Capital Lease Obligations RepaymentsOfLongTermCapitalLeaseObligations		USD
CY2015	us-gaap	Cash Provided By Used In Financing Activities Discontinued Operations CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations	-7098	USD
CY2014	us-gaap	Cash Provided By Used In Financing Activities Discontinued Operations CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations	-22265	USD
CY2014	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	504730	USD
CY2015	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	-27504	USD
CY2014	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	14513	USD
CY2015	us-gaap	Interest Paid InterestPaid		USD
CY2014	us-gaap	Interest Paid InterestPaid		USD
CY2015	us-gaap	Income Taxes Paid IncomeTaxesPaid		USD
CY2014	us-gaap	Income Taxes Paid IncomeTaxesPaid		USD
CY2015	omvs	Refinancing Of Advances Into Convertible Notes Payable RefinancingOfAdvancesIntoConvertibleNotesPayable	522959	USD
CY2014	omvs	Refinancing Of Advances Into Convertible Notes Payable RefinancingOfAdvancesIntoConvertibleNotesPayable	658553	USD
CY2015	us-gaap	Debt Instrument Convertible Beneficial Conversion Feature DebtInstrumentConvertibleBeneficialConversionFeature	522959	USD
CY2014	us-gaap	Debt Instrument Convertible Beneficial Conversion Feature DebtInstrumentConvertibleBeneficialConversionFeature	658553	USD
CY2015	us-gaap	Debt Conversion Converted Instrument Amount1 DebtConversionConvertedInstrumentAmount1	145800	USD
CY2014	us-gaap	Debt Conversion Converted Instrument Amount1 DebtConversionConvertedInstrumentAmount1	46000	USD
CY2015	us-gaap	Capital Lease Obligations Incurred CapitalLeaseObligationsIncurred	32004	USD
CY2014	us-gaap	Capital Lease Obligations Incurred CapitalLeaseObligationsIncurred		USD
CY2015	us-gaap	Notes Assumed1 NotesAssumed1	164190	USD
CY2014	us-gaap	Notes Assumed1 NotesAssumed1		USD
CY2015	us-gaap	Fair Value Of Assets Acquired FairValueOfAssetsAcquired	30000	USD
CY2014	us-gaap	Fair Value Of Assets Acquired FairValueOfAssetsAcquired		USD
CY2015	us-gaap	Nature Of Operations NatureOfOperations	<div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <div style="width: 720px; margin: 0px;"> <p style="margin: 0px; font-family: 'times new roman'; font-size: 10pt;"><strong>Note 1. <b>Background Information</b></strong></p> <p style="margin: 0px; text-align: justify; font-family: 'times new roman'; font-size: 10pt;"> </p> <p style="margin: 0px; text-align: justify;"><font style="font-size: 10pt;">On the Move Systems Corp. (we, us, our, OMVS, or the Company) was incorporated in Florida on March 25, 2010. The Company's business focus was the mobile electronics market, but is it currently transitioning to the transportation and trucking market. The Company's year-end is February 28. The company is located at 701 N. Green Valley Parkway, Suite 200, Henderson, NV, 89074. Our telephone number is (702) 990-3271.</font></p> <p style="margin: 0px; text-align: justify;"> </p> <p style="margin: 0px; text-align: justify;"><font style="font-size: 10pt;">On March 25, 2011, Crawford Mobile Installation Corp. (CMIC), a wholly owned subsidiary of the Company acquired all of the assets and assumed certain liabilities of Crawford Mobile Install (CMI). The assets of CMI included cash, inventory, a vehicle and installation equipment. On the date of the acquisition, a material relationship existed between the parties, because John Crawford was the sole officer and director of both the Company and CMIC as well as being the sole proprietor of CMI. The purchase price for the assets and liabilities of CMI was$<font>100,000</font>.</font></p> <p style="margin: 0px; text-align: justify;"> </p> <p style="margin: 0px; text-align: justify;"><font style="font-size: 10pt;">On September 1, 2014, we defaulted on a note payable to John Crawford. Pursuant to the terms of the note, <font>100</font>% of the shares of CMIC were provided to Mr. Crawford. See Note <font>4</font> for additional details on this transaction. </font></p> <div style="width: 720px;"><br/> <p style="margin: 0px;"><font style="font-size: 10pt;">On March 6, 2015, we announced that the primary focus of the Company will be an app-based nationwide trucking service. </font><b><br/><br/><font style="font-size: 10pt;">Joint Ventures</font></b></p> <p style="margin: 0px; text-align: justify;"><br/></p> <p style="margin: 0px; text-align: justify;"><font style="font-size: 10pt;">On February 11, 2014, the Company signed a joint venture agreement with The Xperience to offer fantasy travel packages beginning with auto racing events. OMVS has committed to fund up to $<font>30,000</font> of the cash flow requirements of the joint venture at its discretion and to assist with creating the travel packages. OMVS will be allocated <font>40</font> percent of the earnings (losses) from this joint venture. During the year ended February 28, 2015, the Company funded $<font>45,000</font> to this joint venture for operating expenses.</font></p> <p style="margin: 0px; text-align: justify;"><br/></p> <p style="margin: 0px; text-align: justify;"><font style="font-size: 10pt;">Additionally, during the year ended February 28, 2015, we spent $<font>9,206</font> for expenses related to preparing our race car for use at auto racing events in our Xperience segment. In June 2014, the Xperience joint venture began generating revenue by selling advertising space on its racecar.</font></p> <p style="margin: 0px; text-align: justify;"><font style="font-size: 10pt;"><br/></font></p> </div> </div> </div>
CY2014Q3	omvs	Shares Transferred Upon Debt Default Percentage SharesTransferredUponDebtDefaultPercentage	1.00	pure
CY2015Q1	us-gaap	Convertible Notes Payable ConvertibleNotesPayable	1352507	USD
CY2014Q1	us-gaap	Convertible Notes Payable ConvertibleNotesPayable	953424	USD
CY2015Q1	omvs	Convertible Notes Payable Current Before Discount ConvertibleNotesPayableCurrentBeforeDiscount	829548	USD
CY2015Q1	omvs	Working Capital WorkingCapital	-878536	USD
CY2015	us-gaap	Use Of Estimates UseOfEstimates	<div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <div style="width: 720px; margin: 0px;"> <p style="margin: 0px; font-family: 'times new roman'; font-size: 10pt;"><strong>Use of Estimates</strong></p> <p style="margin: 0px; text-align: justify; font-family: 'times new roman'; font-size: 10pt;"> </p> <p style="margin: 0px; text-align: justify; font-family: 'times new roman'; font-size: 10pt;">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.</p> </div> </div>
CY2015	us-gaap	Prior Period Reclassification Adjustment Description PriorPeriodReclassificationAdjustmentDescription	<div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <div style="width: 720px; margin: 0px;"> <p style="margin: 0px; font-family: 'times new roman'; font-size: 10pt;"><strong>Reclassifications</strong></p> <p style="margin: 0px; text-align: justify; font-family: 'times new roman'; font-size: 10pt;"> </p> <p style="margin: 0px; text-align: justify; font-family: 'times new roman'; font-size: 10pt;">Certain reclassifications have been made to the prior year financial statements to conform with the current year presentation.</p> </div> </div>
CY2015	us-gaap	Debt Instrument Convertible Number Of Equity Instruments DebtInstrumentConvertibleNumberOfEquityInstruments	398261217	shares
CY2015Q1	us-gaap	Convertible Debt Fair Value Disclosures ConvertibleDebtFairValueDisclosures	396599941	USD
CY2014Q1	omvs	Convertible Notes Payable Current Before Discount ConvertibleNotesPayableCurrentBeforeDiscount	294871	USD
CY2015	us-gaap	Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance	-356806	USD
CY2015	us-gaap	Property Plant And Equipment Useful Life PropertyPlantAndEquipmentUsefulLife	P5Y
CY2015	omvs	Disposal Group Including Discontinued Operation Impairment Of Long Lived Assets DisposalGroupIncludingDiscontinuedOperationImpairmentOfLongLivedAssets	6425	USD
CY2015Q1	us-gaap	Debt Default Longterm Debt Amount DebtDefaultLongtermDebtAmount	90000	USD
CY2015Q1	us-gaap	Capital Leases Future Minimum Payments Due CapitalLeasesFutureMinimumPaymentsDue	34015	USD
CY2015Q1	us-gaap	Capital Leases Future Minimum Payments Interest Included In Payments CapitalLeasesFutureMinimumPaymentsInterestIncludedInPayments	6291	USD
CY2015Q1	us-gaap	Capital Leases Future Minimum Payments Present Value Of Net Minimum Payments CapitalLeasesFutureMinimumPaymentsPresentValueOfNetMinimumPayments	27724	USD
CY2015Q1	us-gaap	Capital Leases Future Minimum Payments Next Rolling Twelve Months CapitalLeasesFutureMinimumPaymentsNextRollingTwelveMonths	8160	USD
CY2015Q1	us-gaap	Capital Leases Future Minimum Payments Due In Rolling Year Two CapitalLeasesFutureMinimumPaymentsDueInRollingYearTwo	8160	USD
CY2015Q1	us-gaap	Capital Leases Future Minimum Payments Due In Rolling Year Three CapitalLeasesFutureMinimumPaymentsDueInRollingYearThree	8160	USD
CY2015Q1	us-gaap	Capital Leases Future Minimum Payments Due In Rolling Year Four CapitalLeasesFutureMinimumPaymentsDueInRollingYearFour	8160	USD
CY2015Q1	us-gaap	Capital Leases Future Minimum Payments Due In Rolling Year Five CapitalLeasesFutureMinimumPaymentsDueInRollingYearFive	1375	USD
CY2015Q1	us-gaap	Accounts Payable Related Parties Current AccountsPayableRelatedPartiesCurrent	0	USD
CY2014Q1	us-gaap	Accounts Payable Related Parties Current AccountsPayableRelatedPartiesCurrent	13227	USD
CY2014	us-gaap	Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate	361921	USD
CY2015Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Next Twelve Months LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths	829548	USD
CY2015Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Two LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo	687149	USD
CY2015Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Three LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree		USD
CY2015Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Four LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour		USD
CY2015Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Five LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive		USD
CY2015Q1	us-gaap	Long Term Debt LongTermDebt	1516697	USD
CY2015	us-gaap	Operating Loss Carryforwards Expiration Date OperatingLossCarryforwardsExpirationDate	2023-12-31
CY2015	us-gaap	Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate	356806	USD
CY2014	us-gaap	Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance	-361921	USD
CY2015	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit		USD
CY2014	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit		USD
CY2015	us-gaap	Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance	1.00	pure
CY2015Q1	us-gaap	Operating Loss Carryforwards OperatingLossCarryforwards	1730000	USD
CY2015	dei	Amendment Flag AmendmentFlag	false
CY2015	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--02-28
CY2015	dei	Document Period End Date DocumentPeriodEndDate	2015-02-28
CY2015	dei	Entity Well Known Seasoned Issuer EntityWellKnownSeasonedIssuer	No
CY2015	dei	Entity Voluntary Filers EntityVoluntaryFilers	No
CY2015	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2015	dei	Entity Filer Category EntityFilerCategory	Smaller Reporting Company
CY2014Q3	dei	Entity Public Float EntityPublicFloat	181876	USD
CY2015	dei	Entity Registrant Name EntityRegistrantName	ON THE MOVE SYSTEMS CORP.
CY2015	dei	Entity Central Index Key EntityCentralIndexKey	0001498148
CY2015Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	1365360	shares
CY2015	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2015
CY2015	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	FY
CY2015	dei	Document Type DocumentType	10-K

Files In Submission

Name	View Source	Status
0001161697-15-000262-index-headers.html	Edgar Link	pending
0001161697-15-000262-index.html	Edgar Link	pending
0001161697-15-000262.txt	Edgar Link	pending
0001161697-15-000262-xbrl.zip	Edgar Link	pending
ex_21.htm	Edgar Link	pending
ex_31-1.htm	Edgar Link	pending
ex_32-1.htm	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xls	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
form_10-k.htm	Edgar Link	pending
omvs-20150228.xml	Edgar Link	completed
omvs-20150228.xsd	Edgar Link	pending
omvs-20150228_cal.xml	Edgar Link	unprocessable
omvs-20150228_def.xml	Edgar Link	unprocessable
omvs-20150228_lab.xml	Edgar Link	unprocessable
omvs-20150228_pre.xml	Edgar Link	unprocessable
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
R11.htm	Edgar Link	pending
R12.htm	Edgar Link	pending
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R6.htm	Edgar Link	pending
R7.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending

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$AITX
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2015 Q2 Form 10-K Financial Statement

#000116169715000262 Filed on June 15, 2015

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$AITX Artificial Intelligence Technology Solutions Inc. Stock $aitx

2015 Q2 Form 10-K Financial Statement

#000116169715000262 Filed on June 15, 2015

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$AITX
Artificial Intelligence Technology Solutions Inc. Stock $aitx