$AITX
Artificial Intelligence Technology Solutions Inc.

2021 Q4 Form 10-Q Financial Statement

#000116169722000056 Filed on January 19, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 Q1
Revenue $373.9K $100.0K
YoY Change 212.36%
Cost Of Revenue $143.4K $30.00K
YoY Change 481.12%
Gross Profit $230.5K $70.00K
YoY Change 142.56%
Gross Profit Margin 61.64% 70.0%
Selling, General & Admin $4.068M $960.0K
YoY Change 330.75%
% of Gross Profit 1764.85% 1371.43%
Research & Development $982.5K $170.0K
YoY Change
% of Gross Profit 426.26% 242.86%
Depreciation & Amortization $67.93K $30.00K
YoY Change 125.38%
% of Gross Profit 29.47% 42.86%
Operating Expenses $5.118M $1.160M
YoY Change 414.33%
Operating Profit -$4.888M -$1.090M
YoY Change 443.02%
Interest Expense -$2.050M -$860.0K
YoY Change -147.92%
% of Operating Profit
Other Income/Expense, Net -$2.207M
YoY Change
Pretax Income -$7.094M -$2.260M
YoY Change -308.15%
Income Tax
% Of Pretax Income
Net Earnings -$7.094M -$2.260M
YoY Change -308.15%
Net Earnings / Revenue -1897.42% -2260.0%
Basic Earnings Per Share $0.00
Diluted Earnings Per Share -$1.696K -$2.226K
COMMON SHARES
Basic Shares Outstanding 4.183B shares
Diluted Shares Outstanding

Balance Sheet

Concept 2021 Q4 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.104M $1.040M
YoY Change 1546.15%
Cash & Equivalents $4.104M $1.044M
Short-Term Investments
Other Short-Term Assets $392.8K
YoY Change
Inventory $1.336M $64.07K
Prepaid Expenses
Receivables $281.0K $98.54K
Other Receivables $1.006M $0.00
Total Short-Term Assets $7.120M $1.207M
YoY Change 1429.99% 1268.32%
LONG-TERM ASSETS
Property, Plant & Equipment $2.109M $34.99K
YoY Change 768.35% 115.24%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $19.74K
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $2.155M $360.3K
YoY Change 787.35% 41.06%
TOTAL ASSETS
Total Short-Term Assets $7.120M $1.207M
Total Long-Term Assets $2.155M $360.3K
Total Assets $9.275M $1.567M
YoY Change 1209.64% 356.1%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.761M $1.370M
YoY Change
Accrued Expenses $1.123M $280.0K
YoY Change -67.78%
Deferred Revenue $10.50K
YoY Change 5.0%
Short-Term Debt $3.500K $1.594K
YoY Change -99.94% -0.19%
Long-Term Debt Due $3.768M $1.890M
YoY Change 75.14%
Total Short-Term Liabilities $7.418M $4.411M
YoY Change -54.03% -77.58%
LONG-TERM LIABILITIES
Long-Term Debt $12.87M $8.870M
YoY Change 1881.77%
Other Long-Term Liabilities $5.089M $2.830M
YoY Change 100.28%
Total Long-Term Liabilities $17.96M $11.70M
YoY Change 462.83%
TOTAL LIABILITIES
Total Short-Term Liabilities $7.418M $4.411M
Total Long-Term Liabilities $17.96M $11.70M
Total Liabilities $25.37M $16.11M
YoY Change 31.27% -24.89%
SHAREHOLDERS EQUITY
Retained Earnings -$79.78M -$31.52M
YoY Change 23.02%
Common Stock $32.29K
YoY Change 807250.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$16.10M -$14.54M
YoY Change
Total Liabilities & Shareholders Equity $9.275M $1.567M
YoY Change 1209.64% 356.1%

Cashflow Statement

Concept 2021 Q4 2021 Q1
OPERATING ACTIVITIES
Net Income -$7.094M -$2.260M
YoY Change -308.15%
Depreciation, Depletion And Amortization $67.93K $30.00K
YoY Change 125.38%
Cash From Operating Activities -$4.338M
YoY Change 699.28%
INVESTING ACTIVITIES
Capital Expenditures -$28.70K
YoY Change 11.03%
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change
Cash From Investing Activities -$28.70K
YoY Change 11.03%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 6.075M
YoY Change 859.72%
NET CHANGE
Cash From Operating Activities -4.338M
Cash From Investing Activities -28.70K
Cash From Financing Activities 6.075M
Net Change In Cash 1.708M
YoY Change 2551.68%
FREE CASH FLOW
Cash From Operating Activities -$4.338M
Capital Expenditures -$28.70K
Free Cash Flow -$4.309M
YoY Change 733.7%

Facts In Submission

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0001161697-22-000056-index-headers.html Edgar Link pending
0001161697-22-000056-index.html Edgar Link pending
0001161697-22-000056.txt Edgar Link pending
0001161697-22-000056-xbrl.zip Edgar Link pending
aitx-20211130.xsd Edgar Link pending
aitx-20211130_cal.xml Edgar Link unprocessable
aitx-20211130_def.xml Edgar Link unprocessable
aitx-20211130_lab.xml Edgar Link unprocessable
aitx-20211130_pre.xml Edgar Link unprocessable
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