$AITX
Artificial Intelligence Technology Solutions Inc.
Stock
$aitx
2023 Q2 Form 10-K Financial Statement
#000116169723000356 Filed on June 14, 2023
Income Statement
Concept | 2023 Q2 | 2023 Q1 | 2023 |
---|---|---|---|
Revenue | $385.2K | $276.9K | $1.332M |
YoY Change | 0.01% | -25.42% | -7.96% |
Cost Of Revenue | $91.51K | $224.2K | $678.1K |
YoY Change | -68.84% | 26.93% | 43.38% |
Gross Profit | $293.7K | $52.74K | $653.9K |
YoY Change | 221.22% | -72.91% | -32.88% |
Gross Profit Margin | 76.24% | 19.05% | 49.09% |
Selling, General & Admin | $2.183M | $2.284M | $9.241M |
YoY Change | -11.63% | -9.32% | -17.35% |
% of Gross Profit | 743.27% | 4330.17% | 1413.25% |
Research & Development | $891.8K | $824.6K | $3.625M |
YoY Change | -12.89% | 27.85% | 22.42% |
% of Gross Profit | 303.63% | 1563.58% | 554.45% |
Depreciation & Amortization | $167.9K | $145.5K | $478.1K |
YoY Change | 78.67% | 82.69% | 105.3% |
% of Gross Profit | 57.18% | 275.84% | 73.12% |
Operating Expenses | $3.243M | $3.254M | $13.34M |
YoY Change | -9.63% | 0.33% | -7.17% |
Operating Profit | -$2.949M | -$3.201M | -$12.69M |
YoY Change | -15.66% | 5.01% | -5.3% |
Interest Expense | -$1.606M | -$1.978M | $5.426M |
YoY Change | -236.7% | -82.52% | -134.44% |
% of Operating Profit | |||
Other Income/Expense, Net | -$1.606M | -$5.419M | |
YoY Change | 36.7% | -88.9% | |
Pretax Income | -$4.555M | -$5.179M | -$18.11M |
YoY Change | -2.49% | -63.95% | -70.88% |
Income Tax | |||
% Of Pretax Income | |||
Net Earnings | -$4.555M | -$5.179M | -$18.11M |
YoY Change | -2.49% | -63.95% | -70.88% |
Net Earnings / Revenue | -1182.52% | -1870.31% | -1359.61% |
Basic Earnings Per Share | $0.00 | $0.00 | |
Diluted Earnings Per Share | $0.00 | $0.00 | $0.00 |
COMMON SHARES | |||
Basic Shares Outstanding | 6.118B shares | 5.378B shares | 5.092B shares |
Diluted Shares Outstanding | 5.965B shares | 5.092B shares |
Balance Sheet
Concept | 2023 Q2 | 2023 Q1 | 2023 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $287.2K | $939.8K | $939.8K |
YoY Change | -68.84% | -79.78% | -79.78% |
Cash & Equivalents | $287.2K | $939.8K | |
Short-Term Investments | |||
Other Short-Term Assets | $521.5K | $596.3K | $596.3K |
YoY Change | 62.88% | 34.86% | 34.86% |
Inventory | $1.489M | $1.638M | $1.638M |
Prepaid Expenses | $521.5K | $596.3K | |
Receivables | $391.8K | $265.0K | $265.0K |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $2.690M | $3.439M | $3.439M |
YoY Change | -16.35% | -51.22% | -51.22% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $3.039M | $315.9K | $2.760M |
YoY Change | 1353.57% | 128.98% | 26.67% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | $71.24K | $71.24K | $71.24K |
YoY Change | 235.4% | 235.4% | 235.4% |
Other Assets | |||
YoY Change | |||
Total Long-Term Assets | $3.138M | $2.858M | $2.858M |
YoY Change | 32.52% | 28.24% | 28.24% |
TOTAL ASSETS | |||
Total Short-Term Assets | $2.690M | $3.439M | $3.439M |
Total Long-Term Assets | $3.138M | $2.858M | $2.858M |
Total Assets | $5.828M | $6.297M | $6.297M |
YoY Change | 4.37% | -32.14% | -32.14% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $1.336M | $1.343M | $1.343M |
YoY Change | 24.81% | 38.66% | 38.66% |
Accrued Expenses | $4.986M | $3.010M | $3.010M |
YoY Change | 1892.85% | 98.78% | 98.78% |
Deferred Revenue | $36.46K | $9.900K | |
YoY Change | -1.0% | ||
Short-Term Debt | $0.00 | $1.594K | $0.00 |
YoY Change | -100.0% | 0.0% | -100.0% |
Long-Term Debt Due | $16.50M | $10.16M | $10.16M |
YoY Change | 6912.91% | 721.76% | 721.76% |
Total Short-Term Liabilities | $24.51M | $16.05M | $16.05M |
YoY Change | 843.46% | 252.92% | 252.92% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $9.884M | $15.55M | $15.55M |
YoY Change | -50.74% | -23.41% | -23.41% |
Other Long-Term Liabilities | $5.513M | $6.536M | $6.536M |
YoY Change | -20.35% | 21.07% | 21.07% |
Total Long-Term Liabilities | $15.40M | $22.09M | $22.09M |
YoY Change | -42.95% | -14.07% | -14.07% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $24.51M | $16.05M | $16.05M |
Total Long-Term Liabilities | $15.40M | $22.09M | $22.09M |
Total Liabilities | $39.91M | $38.14M | $38.14M |
YoY Change | 34.88% | 26.06% | 26.06% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$116.8M | -$112.3M | |
YoY Change | 18.21% | 19.24% | |
Common Stock | $61.30K | $58.49K | |
YoY Change | 25.89% | 23.52% | |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | -$34.08M | -$31.84M | -$31.84M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $5.828M | $6.297M | $6.297M |
YoY Change | 4.37% | -32.14% | -32.14% |
Cashflow Statement
Concept | 2023 Q2 | 2023 Q1 | 2023 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$4.555M | -$5.179M | -$18.11M |
YoY Change | -2.49% | -63.95% | -70.88% |
Depreciation, Depletion And Amortization | $167.9K | $145.5K | $478.1K |
YoY Change | 78.67% | 82.69% | 105.3% |
Cash From Operating Activities | -$2.991M | -$2.694M | -$12.58M |
YoY Change | -17.41% | -38.64% | -15.16% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $3.460K | $40.80K | $258.4K |
YoY Change | -103.92% | -150.4% | -282.2% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$50.00K | -$50.00K | |
YoY Change | 3233.33% | -496.2% | |
Cash From Investing Activities | -$3.460K | -$90.80K | -$308.4K |
YoY Change | -96.08% | 10.11% | 138.7% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 2.342M | 3.011M | $9.177M |
YoY Change | -14097.43% | -39.99% | -50.55% |
NET CHANGE | |||
Cash From Operating Activities | -2.991M | -2.694M | -$12.58M |
Cash From Investing Activities | -3.460K | -90.80K | -$308.4K |
Cash From Financing Activities | 2.342M | 3.011M | $9.177M |
Net Change In Cash | -652.6K | 226.3K | -$3.708M |
YoY Change | -82.49% | -58.43% | -202.9% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$2.991M | -$2.694M | -$12.58M |
Capital Expenditures | $3.460K | $40.80K | $258.4K |
Free Cash Flow | -$2.994M | -$2.735M | -$12.84M |
YoY Change | -15.25% | -36.54% | -12.58% |
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ARTIFICIAL INTELLIGENCE TECHNOLOGY SOLUTIONS INC. | |
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L J Soldinger Associates, LLC | |
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InvestmentAtCost
|
50000 | usd |
CY2023Q1 | us-gaap |
Security Deposit
SecurityDeposit
|
21239 | usd |
CY2022Q1 | us-gaap |
Security Deposit
SecurityDeposit
|
21239 | usd |
CY2023Q1 | us-gaap |
Assets
Assets
|
6296858 | usd |
CY2022Q1 | us-gaap |
Assets
Assets
|
9279018 | usd |
CY2023Q1 | us-gaap |
Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
|
1343379 | usd |
CY2022Q1 | us-gaap |
Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
|
968853 | usd |
CY2023Q1 | us-gaap |
Short Term Borrowings
ShortTermBorrowings
|
1594 | usd |
CY2022Q1 | us-gaap |
Short Term Borrowings
ShortTermBorrowings
|
1594 | usd |
CY2023Q1 | us-gaap |
Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
|
9900 | usd |
CY2022Q1 | us-gaap |
Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
|
10000 | usd |
CY2023Q1 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
248670 | usd |
CY2022Q1 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
254027 | usd |
CY2023Q1 | aitx |
Current Portion Of Deferred Variable Payment Obligation
CurrentPortionOfDeferredVariablePaymentObligation
|
542177 | usd |
CY2022Q1 | aitx |
Current Portion Of Deferred Variable Payment Obligation
CurrentPortionOfDeferredVariablePaymentObligation
|
325600 | usd |
CY2023Q1 | aitx |
Discount Of Current Portion Of Convertible Notes Payable
DiscountOfCurrentPortionOfConvertibleNotesPayable
|
0 | usd |
CY2022Q1 | aitx |
Discount Of Current Portion Of Convertible Notes Payable
DiscountOfCurrentPortionOfConvertibleNotesPayable
|
0 | usd |
CY2022Q1 | us-gaap |
Convertible Notes Payable Current
ConvertibleNotesPayableCurrent
|
3500 | usd |
CY2023Q1 | aitx |
Loan Payable Related Party
LoanPayableRelatedParty
|
206516 | usd |
CY2022Q1 | aitx |
Loan Payable Related Party
LoanPayableRelatedParty
|
193556 | usd |
CY2023Q1 | aitx |
Incentive Compensation Plan Payable
IncentiveCompensationPlanPayable
|
979000 | usd |
CY2022Q1 | aitx |
Incentive Compensation Plan Payable
IncentiveCompensationPlanPayable
|
479500 | usd |
CY2023Q1 | aitx |
Discount Of Current Portion Of Loans Payable
DiscountOfCurrentPortionOfLoansPayable
|
1651597 | usd |
CY2022Q1 | aitx |
Discount Of Current Portion Of Loans Payable
DiscountOfCurrentPortionOfLoansPayable
|
14745 | usd |
CY2023Q1 | us-gaap |
Loans Payable Current
LoansPayableCurrent
|
9918389 | usd |
CY2022Q1 | us-gaap |
Loans Payable Current
LoansPayableCurrent
|
1004708 | usd |
CY2023Q1 | aitx |
Vehicle Loan Current Portion
VehicleLoanCurrentPortion
|
38522 | usd |
CY2022Q1 | aitx |
Vehicle Loan Current Portion
VehicleLoanCurrentPortion
|
38522 | usd |
CY2023Q1 | us-gaap |
Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
|
2761446 | usd |
CY2022Q1 | us-gaap |
Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
|
1260271 | usd |
CY2022Q1 | us-gaap |
Derivative Liabilities Current
DerivativeLiabilitiesCurrent
|
7587 | usd |
CY2023Q1 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
16049593 | usd |
CY2022Q1 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
4547718 | usd |
CY2023Q1 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
950541 | usd |
CY2022Q1 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
1057579 | usd |
CY2023Q1 | aitx |
Discount Of Loans Payable
DiscountOfLoansPayable
|
4130291 | usd |
CY2022Q1 | aitx |
Discount Of Loans Payable
DiscountOfLoansPayable
|
4905076 | usd |
CY2023Q1 | us-gaap |
Long Term Loans Payable
LongTermLoansPayable
|
15554069 | usd |
CY2022Q1 | us-gaap |
Long Term Loans Payable
LongTermLoansPayable
|
20309069 | usd |
CY2023Q1 | aitx |
Deferred Variable Payment Obligation
DeferredVariablePaymentObligation
|
2525000 | usd |
CY2022Q1 | aitx |
Deferred Variable Payment Obligation
DeferredVariablePaymentObligation
|
2525000 | usd |
CY2023Q1 | us-gaap |
Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
|
3060656 | usd |
CY2022Q1 | us-gaap |
Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
|
1816009 | usd |
CY2023Q1 | us-gaap |
Liabilities
Liabilities
|
38139859 | usd |
CY2022Q1 | us-gaap |
Liabilities
Liabilities
|
30255375 | usd |
CY2023Q1 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
15545650 | shares |
CY2022Q1 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
15545650 | shares |
CY2023Q1 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2022Q1 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2023Q1 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2022Q1 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2023Q1 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.00001 | |
CY2022Q1 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.00001 | |
CY2023Q1 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
7225000000 | shares |
CY2022Q1 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
7225000000 | shares |
CY2023Q1 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
5848741599 | shares |
CY2023Q1 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
5848741599 | shares |
CY2022Q1 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
4735210360 | shares |
CY2022Q1 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
4735210360 | shares |
CY2023Q1 | us-gaap |
Common Stock Value
CommonStockValue
|
58489 | usd |
CY2022Q1 | us-gaap |
Common Stock Value
CommonStockValue
|
47353 | usd |
CY2023Q1 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
80247252 | usd |
CY2022Q1 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
73015576 | usd |
CY2023Q1 | us-gaap |
Preferred Stock Shares Subscribed But Unissued Value
PreferredStockSharesSubscribedButUnissuedValue
|
99086 | usd |
CY2022Q1 | us-gaap |
Preferred Stock Shares Subscribed But Unissued Value
PreferredStockSharesSubscribedButUnissuedValue
|
99086 | usd |
CY2023Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-112253711 | usd |
CY2022Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-94144254 | usd |
CY2023Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-31843001 | usd |
CY2022Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-20976357 | usd |
CY2023Q1 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
6296858 | usd |
CY2022Q1 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
9279018 | usd |
CY2023 | us-gaap |
Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
|
1331956 | usd |
CY2022 | us-gaap |
Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
|
1447109 | usd |
CY2023 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
678073 | usd |
CY2022 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
472926 | usd |
CY2023 | us-gaap |
Gross Profit
GrossProfit
|
653883 | usd |
CY2022 | us-gaap |
Gross Profit
GrossProfit
|
974183 | usd |
CY2023 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
3625468 | usd |
CY2022 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
2961394 | usd |
CY2023 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
8980709 | usd |
CY2022 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
10905129 | usd |
CY2023 | us-gaap |
Depreciation
Depreciation
|
478115 | usd |
CY2022 | us-gaap |
Depreciation
Depreciation
|
232886 | usd |
CY2023 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
260271 | usd |
CY2022 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
275785 | usd |
CY2022 | us-gaap |
Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
|
29125 | usd |
CY2023 | us-gaap |
Operating Expenses
OperatingExpenses
|
13344563 | usd |
CY2022 | us-gaap |
Operating Expenses
OperatingExpenses
|
14346069 | usd |
CY2023 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-12690680 | usd |
CY2022 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-13371886 | usd |
CY2023 | us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
3595 | usd |
CY2022 | us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
372214 | usd |
CY2023 | us-gaap |
Interest Expense
InterestExpense
|
5426364 | usd |
CY2022 | us-gaap |
Interest Expense
InterestExpense
|
16129499 | usd |
CY2023 | us-gaap |
Gain Loss Related To Litigation Settlement
GainLossRelatedToLitigationSettlement
|
3992 | usd |
CY2022 | us-gaap |
Gain Loss Related To Litigation Settlement
GainLossRelatedToLitigationSettlement
|
-33068313 | usd |
CY2023 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-5418777 | usd |
CY2022 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-48825598 | usd |
CY2023 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-18109457 | usd |
CY2022 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-62197484 | usd |
CY2023 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.00 | |
CY2022 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.02 | |
CY2023 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.00 | |
CY2022 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.02 | |
CY2023 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
5091857082 | shares |
CY2022 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
4029658082 | shares |
CY2023 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
5091857082 | shares |
CY2022 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
4029658082 | shares |
CY2021Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-14543687 | usd |
CY2022 | us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
3244740 | usd |
CY2022 | aitx |
Stock Issued During Period Value Stock Options Exercised Amendent
StockIssuedDuringPeriodValueStockOptionsExercisedAmendent
|
29770474 | usd |
CY2022 | aitx |
Stock Repurchase And Retired During Period Value
StockRepurchaseAndRetiredDuringPeriodValue
|
-6732835 | usd |
CY2022 | aitx |
Redemption Of19 Issuable Series F Shares
RedemptionOf19IssuableSeriesFShares
|
-500000 | usd |
CY2022 | aitx |
Exchange Of Series F Preferred Shares For Debt
ExchangeOfSeriesFPreferredSharesForDebt
|
-4000160 | usd |
CY2022 | aitx |
Issuance Of Series G Preferred As Equity Awards Per Employment Agreement
IssuanceOfSeriesGPreferredAsEquityAwardsPerEmploymentAgreement
|
1500000 | usd |
CY2022 | aitx |
Redemption Of Series G Shares As Compensation Payment
RedemptionOfSeriesGSharesAsCompensationPayment
|
-1500000 | usd |
CY2022 | aitx |
Adjustment To Derivative Liability
AdjustmentToDerivativeLiability
|
422272 | usd |
CY2022 | us-gaap |
Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
|
898705 | usd |
CY2022 | aitx |
Exchange Of Debt For Common Shares
ExchangeOfDebtForCommonShares
|
6455396 | usd |
CY2022 | aitx |
Stock Based Compensation On Issuable Shares
StockBasedCompensationOnIssuableShares
|
109200 | shares |
CY2022 | aitx |
Issuance Cost
IssuanceCost
|
253811 | usd |
CY2022 | aitx |
Issuance Of Shares Net Of Inssuance Costs
IssuanceOfSharesNetOfInssuanceCosts
|
12521932 | usd |
CY2022 | us-gaap |
Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
|
100000000 | usd |
CY2022 | aitx |
Relative Fair Value Of Warrants Issued With Debt
RelativeFairValueOfWarrantsIssuedWithDebt
|
3319816 | usd |
CY2022 | aitx |
Warrants Issued With Promissory Notes
WarrantsIssuedWithPromissoryNotes
|
4749006 | usd |
CY2022 | aitx |
Warrants As Issuance Cost
WarrantsAsIssuanceCost
|
21918 | usd |
CY2022 | aitx |
Warrants As Consideration For Debt Extensions
WarrantsAsConsiderationForDebtExtensions
|
5415000 | usd |
CY2022 | aitx |
Share Based Compensation1
ShareBasedCompensation1
|
69350 | usd |
CY2022 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-62197484 | usd |
CY2022Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-20976357 | usd |
CY2022Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-20976357 | usd |
CY2023 | aitx |
Issuance Cost2
IssuanceCost2
|
447858 | usd |
CY2023 | aitx |
Issuance Of Shares Net Of Inssuance Costs2
IssuanceOfSharesNetOfInssuanceCosts2
|
7771169 | usd |
CY2023 | aitx |
Proceeds From Issuance Of Warrants2
ProceedsFromIssuanceOfWarrants2
|
108378210 | usd |
CY2023 | aitx |
Relative Fair Value Of Series F Warrants Issued With Debt
RelativeFairValueOfSeriesFWarrantsIssuedWithDebt
|
1201128 | usd |
CY2023 | aitx |
Relative Fair Value Of Warrants Issued With Debt
RelativeFairValueOfWarrantsIssuedWithDebt
|
990467 | usd |
CY2023 | aitx |
Warrants Cancelled For Debt Issuance
WarrantsCancelledForDebtIssuance
|
955000000 | shares |
CY2023 | aitx |
Fair Value Of Warrants Cancelled For Debt Issuance
FairValueOfWarrantsCancelledForDebtIssuance
|
-2960500 | usd |
CY2023 | aitx |
Shares Issued For Services
SharesIssuedForServices
|
118500 | usd |
CY2023 | aitx |
Share Based Compensation1
ShareBasedCompensation1
|
122050 | usd |
CY2023 | aitx |
Rounding Shares
RoundingShares
|
-1 | usd |
CY2023 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-18109457 | usd |
CY2023Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-31843001 | usd |
CY2023 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-18109457 | usd |
CY2022 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-62197484 | usd |
CY2023 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
478115 | usd |
CY2022 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
232886 | usd |
CY2023 | aitx |
Inventory Provision
InventoryProvision
|
130000 | usd |
CY2022 | aitx |
Inventory Provision
InventoryProvision
|
65000 | usd |
CY2022 | us-gaap |
Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
|
29125 | usd |
CY2023 | aitx |
Allowance For Loan And Leases Loss Recovery Of Bad Debts
AllowanceForLoanAndLeasesLossRecoveryOfBadDebts
|
45110 | usd |
CY2022 | aitx |
Allowance For Loan And Leases Loss Recovery Of Bad Debts
AllowanceForLoanAndLeasesLossRecoveryOfBadDebts
|
9022 | usd |
CY2022 | aitx |
Revenue Earning Device Sold And Expensed In Cost Of Sales
RevenueEarningDeviceSoldAndExpensedInCostOfSales
|
3410 | usd |
CY2023 | aitx |
Reduction Of Right Of Use Asset
ReductionOfRightOfUseAsset
|
112396 | usd |
CY2022 | aitx |
Reduction Of Right Of Use Asset
ReductionOfRightOfUseAsset
|
110148 | usd |
CY2023 | aitx |
Accretion Of Lease Liability
AccretionOfLeaseLiability
|
141631 | usd |
CY2022 | aitx |
Accretion Of Lease Liability
AccretionOfLeaseLiability
|
122930 | usd |
CY2023 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
740050 | usd |
CY2022 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
2158050 | usd |
CY2022 | aitx |
Interest Expense Related To Issuance Of Warrants For Debt Extensions
InterestExpenseRelatedToIssuanceOfWarrantsForDebtExtensions
|
5415000 | usd |
CY2023 | aitx |
Unrealized Gain Loss On Derivatives1
UnrealizedGainLossOnDerivatives1
|
3595 | usd |
CY2022 | aitx |
Unrealized Gain Loss On Derivatives1
UnrealizedGainLossOnDerivatives1
|
372214 | usd |
CY2023 | us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
1980033 | usd |
CY2022 | us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
7597242 | usd |
CY2023 | aitx |
Gain Loss On Settlement Of Debt
GainLossOnSettlementOfDebt
|
3992 | usd |
CY2022 | aitx |
Gain Loss On Settlement Of Debt
GainLossOnSettlementOfDebt
|
-33068313 | usd |
CY2023 | aitx |
Increase In Related Party Accrued Payroll And Interest
IncreaseInRelatedPartyAccruedPayrollAndInterest
|
12960 | usd |
CY2022 | aitx |
Increase In Related Party Accrued Payroll And Interest
IncreaseInRelatedPartyAccruedPayrollAndInterest
|
264331 | usd |
CY2023 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-119335 | usd |
CY2022 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
339947 | usd |
CY2023 | us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
141734 | usd |
CY2022 | us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
442164 | usd |
CY2022 | aitx |
Deposits On Inventory
DepositsOnInventory
|
19999 | usd |
CY2023 | aitx |
Robot Parts Inventory
RobotPartsInventory
|
1161047 | usd |
CY2022 | aitx |
Robot Parts Inventory
RobotPartsInventory
|
2191571 | usd |
CY2023 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
374529 | usd |
CY2022 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-596615 | usd |
CY2022 | us-gaap |
Increase Decrease In Due To Other Related Parties
IncreaseDecreaseInDueToOtherRelatedParties
|
-167187 | usd |
CY2023 | aitx |
Increase Decrease In Customer Discounts
IncreaseDecreaseInCustomerDiscounts
|
-100 | usd |
CY2022 | aitx |
Increase Decrease In Customer Discounts
IncreaseDecreaseInCustomerDiscounts
|
-500 | usd |
CY2023 | us-gaap |
Increase Decrease In Operating Liabilities
IncreaseDecreaseInOperatingLiabilities
|
-254028 | usd |
CY2022 | us-gaap |
Increase Decrease In Operating Liabilities
IncreaseDecreaseInOperatingLiabilities
|
-233078 | usd |
CY2022 | aitx |
Increase Decrease Balance Owed Wesecure
IncreaseDecreaseBalanceOwedWesecure
|
-122000 | usd |
CY2023 | aitx |
Increase Decrease In Current Portion Of Deferred Variable Payment Obligation
IncreaseDecreaseInCurrentPortionOfDeferredVariablePaymentObligation
|
216577 | usd |
CY2022 | aitx |
Increase Decrease In Current Portion Of Deferred Variable Payment Obligation
IncreaseDecreaseInCurrentPortionOfDeferredVariablePaymentObligation
|
234013 | usd |
CY2023 | us-gaap |
Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
|
2745822 | usd |
CY2022 | us-gaap |
Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
|
2606097 | usd |
CY2023 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-12577395 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-14825442 | usd |
CY2023 | aitx |
Purchase Of Fixed Assets
PurchaseOfFixedAssets
|
258402 | usd |
CY2022 | aitx |
Purchase Of Fixed Assets
PurchaseOfFixedAssets
|
115493 | usd |
CY2023 | aitx |
Purchase Of Investment
PurchaseOfInvestment
|
50000 | usd |
CY2022 | us-gaap |
Asset Acquisition Price Of Acquisition Expected
AssetAcquisitionPriceOfAcquisitionExpected
|
26327 | usd |
CY2022 | aitx |
Cash Paid For Security Deposit
CashPaidForSecurityDeposit
|
17380 | usd |
CY2022 | us-gaap |
Proceeds From Sale Of Other Assets1
ProceedsFromSaleOfOtherAssets1
|
30000 | usd |
CY2023 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-308402 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-129200 | usd |
CY2023 | aitx |
Share Proceeds Net Of Issuance Costs
ShareProceedsNetOfIssuanceCosts
|
7771169 | usd |
CY2022 | aitx |
Share Proceeds Net Of Issuance Costs
ShareProceedsNetOfIssuanceCosts
|
12521932 | usd |
CY2023 | aitx |
Proceeds From Convertible Notes Payable
ProceedsFromConvertibleNotesPayable
|
619250 | usd |
CY2023 | us-gaap |
Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
|
750000 | usd |
CY2022 | us-gaap |
Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
|
65000 | usd |
CY2023 | aitx |
Proceeds From Loans Payable
ProceedsFromLoansPayable
|
3300000 | usd |
CY2022 | aitx |
Proceeds From Loans Payable
ProceedsFromLoansPayable
|
9426146 | usd |
CY2023 | us-gaap |
Repayments Of Bank Debt
RepaymentsOfBankDebt
|
1763009 | usd |
CY2022 | us-gaap |
Repayments Of Bank Debt
RepaymentsOfBankDebt
|
516314 | usd |
CY2022 | aitx |
Series G Preferred Shares Redeemed As Payment On Incentive Plan Payable
SeriesGPreferredSharesRedeemedAsPaymentOnIncentivePlanPayable
|
1500000 | usd |
CY2022 | aitx |
Dividend And Redemption Of Cancelled Issuable Series F Preferred Shares
DividendAndRedemptionOfCancelledIssuableSeriesFPreferredShares
|
500000 | usd |
CY2022 | us-gaap |
Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
|
808394 | usd |
CY2023 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
9177410 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
18558370 | usd |
CY2023 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-3708387 | usd |
CY2022 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
3603728 | usd |
CY2022Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
4648146 | usd |
CY2021Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
1044418 | usd |
CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
939759 | usd |
CY2022Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
4648146 | usd |
CY2023 | us-gaap |
Interest Paid Net
InterestPaidNet
|
451192 | usd |
CY2022 | us-gaap |
Interest Paid Net
InterestPaidNet
|
225003 | usd |
CY2022 | aitx |
Right Of Use Asset For Operating Lease Liability
RightOfUseAssetForOperatingLeaseLiability
|
1374002 | usd |
CY2023 | aitx |
Transfer From Device Parts Inventory To Revenu
TransferFromDevicePartsInventoryToRevenu
|
932805 | usd |
CY2022 | aitx |
Transfer From Device Parts Inventory To Revenu
TransferFromDevicePartsInventoryToRevenu
|
659985 | usd |
CY2022 | us-gaap |
Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
|
898705 | usd |
CY2022 | aitx |
Release Of Derivative Liability On Conversion Of Convertible Notes Payable
ReleaseOfDerivativeLiabilityOnConversionOfConvertibleNotesPayable
|
422272 | usd |
CY2022 | us-gaap |
Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
|
438835 | usd |
CY2022 | aitx |
Exchange Of Notes Payable For Series F Preferred Shares
ExchangeOfNotesPayableForSeriesFPreferredShares
|
6732835 | usd |
CY2023 | aitx |
Discount Added To Face Value Of Loans
DiscountAddedToFaceValueOfLoans
|
-1797645 | usd |
CY2022 | aitx |
Discount Added To Face Value Of Loans
DiscountAddedToFaceValueOfLoans
|
-6162945 | usd |
CY2022 | aitx |
Adjustments To Additional Paid In Capital Warrant Issued Two
AdjustmentsToAdditionalPaidInCapitalWarrantIssuedTwo
|
8068822 | usd |
CY2023 | aitx |
Adjustments To Additional Paid In Capital Warrant Issued1
AdjustmentsToAdditionalPaidInCapitalWarrantIssued1
|
3000000 | usd |
CY2023 | aitx |
Refund On Abandoned Trademarks
RefundOnAbandonedTrademarks
|
1643 | usd |
CY2023 | aitx |
Penalty Shares Pursuant To Share Purchase Agreement
PenaltySharesPursuantToSharePurchaseAgreement
|
171 | usd |
CY2023 | aitx |
Exercise Of Warrants
ExerciseOfWarrants
|
453 | usd |
CY2022 | aitx |
Exercise Of Warrants
ExerciseOfWarrants
|
3951 | usd |
CY2022 | aitx |
Series F Preferred Shares And Warrants Issued For Debt
SeriesFPreferredSharesAndWarrantsIssuedForDebt
|
4000160 | usd |
CY2022 | aitx |
Cancellation Of Series E Preferred Shares And Common Shares
CancellationOfSeriesEPreferredSharesAndCommonShares
|
1000 | usd |
CY2022 | aitx |
Issuance Of Series G Preferred Shares As Payment Of Incentive Plan Payable
IssuanceOfSeriesGPreferredSharesAsPaymentOfIncentivePlanPayable
|
1500000 | usd |
CY2022 | aitx |
Series F Preferred Shares Converted To Common Shares
SeriesFPreferredSharesConvertedToCommonShares
|
-3086 | usd |
CY2022 | aitx |
Series F Preferred Shares Issued On Exercise Of Warrants
SeriesFPreferredSharesIssuedOnExerciseOfWarrants
|
-38 | usd |
CY2023 | us-gaap |
Nature Of Operations
NatureOfOperations
|
<p id="xdx_803_eus-gaap--NatureOfOperations_z8pFAhtN9736" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>1. <span id="xdx_824_z4aaC1Q6SxD4">GENERAL INFORMATION AND GOING CONCERN</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Artificial Intelligence Technology Solutions Inc. (formerly known as On the Move Systems Corp.) (“AITX” or the “Company”) was incorporated in Florida on March 25, 2010 and reincorporated in Nevada on February 17, 2015. On August 24, 2018, Artificial Intelligence Technology Solutions Inc., changed its name from On the Move Systems Corp (“OMVS”).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Robotic Assistance Devices, LLC (“RAD”), was incorporated in the State of Nevada on July 26, 2016 as a LLC. On July 25, 2017, Robotic Assistance Devices LLC converted to a C Corporation, Robotic Assistance Devices, Inc. through the issuance of <span id="xdx_903_eus-gaap--CommonStockSharesIssued_iI_pid_uShares_c20170725__us-gaap--BusinessAcquisitionAxis__custom--RoboticAssistanceDevicesLLCMember_zTVK1HlL0UJ8" title="Common stock, issued">10,000</span> common shares to its sole shareholder.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On August 28, 2017, AITX completed the acquisition of RAD (the “Acquisition”), whereby AITX acquired all the ownership and equity interest in RAD for <span id="xdx_906_eus-gaap--BusinessAcquisitionEquityInterestsIssuedOrIssuableNumberOfSharesIssued_c20170827__20170828__us-gaap--BusinessAcquisitionAxis__custom--RoboticAssistanceDevicesLLCMember__us-gaap--StatementClassOfStockAxis__us-gaap--SeriesEPreferredStockMember_zxs9bHpI3NSi" title="Number of shares isuued under acquisition">3,350,000</span> shares of AITX Series E Preferred Stock and <span id="xdx_902_eus-gaap--BusinessAcquisitionEquityInterestsIssuedOrIssuableNumberOfSharesIssued_pid_uShares_c20170827__20170828__us-gaap--BusinessAcquisitionAxis__custom--RoboticAssistanceDevicesLLCMember__us-gaap--StatementClassOfStockAxis__us-gaap--SeriesFPreferredStockMember_zRmf7zmprdib" title="Number of shares isuued under acquisition">2,450</span> shares of Series F Convertible Preferred Stock. AITX’s prior business focus was transportation services, and AITX was exploring the on-demand logistics market by developing a network of logistics partnerships. As a result of the closing of the Acquisition, AITX has succeeded to the business of RAD, in which AITX purchased all of the outstanding shares of capital stock of RAD. As a result, AITX’s business going forward will consist of one segment activity which is the delivery of artificial intelligence and robotic solutions for operational, security and monitoring needs.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Acquisition was treated as a reverse recapitalization effected by a share exchange for financial accounting and reporting purposes since substantially all of AITX’s operations were disposed of as part of the consummation of the transaction. Therefore, no goodwill or other intangible assets were recorded by AITX as a result of the Acquisition. RAD is treated as the accounting acquirer as its stockholders control the Company after the Acquisition, even though AITX was the legal acquirer. As a result, the assets and liabilities and the historical operations that are reflected in these financial statements are those of RAD as if RAD had always been the reporting company.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>GOING CONCERN</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The accompanying consolidated financial statements have been prepared assuming that the Company will continue as a going concern. The accompanying financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classifications of liabilities that may result from the possible inability of the Company to continue as a going concern.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">For the year ended February 28, 2023, the Company had negative cash flow from operating activities of $<span id="xdx_901_ecustom--NetCashProvidedByUsedInOperatingActivities1_c20220301__20230228_zQrfx10QtQS6" title="Cash flow from operating activities">12,577,395</span>. As of February 28, 2023 the Company has an accumulated deficit of $<span id="xdx_90B_ecustom--RetainedEarningsAccumulatedDeficit1_iI_pp0p0_c20230228_ztPjifI9KhI5" title="Accumulated deficit">112,253,711</span> and negative working capital of $<span id="xdx_900_ecustom--WorkingCapital_iI_c20230228_zgYzc14Qwmte" title="Working capital">12,610,601</span>. Management does not anticipate having positive cash flow from operations in the near future. These factors raise substantial doubt about the Company’s ability to continue as a going concern for the twelve months following the issuance of these financial statements.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company does not have the resources at this time to repay all its credit and debt obligations, make any payments in the form of dividends to its shareholders or fully implement its business plan. Without additional capital, the Company will not be able to remain in business. At the same time management points to its successful history with maintaining Company operations and reminds all with reasonable confidence this will continue. Management has plans to address the Company’s financial situation as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Management is committed to raise either non-dilutive funds or minimally dilutive funds. There is no assurance that these funds will be able to be raised nor can we provide assurance that these possible raises may not have dilutive effects. In March 2023, the Company entered into an equity financing agreement whereby an investor will purchase up to $<span id="xdx_90C_eus-gaap--PaymentsOfStockIssuanceCosts_c20230301__20230331__us-gaap--StatementEquityComponentsAxis__us-gaap--CommonStockMember_zHXKhLehXoFj" title="Purchase of common stock">30,000,000</span> of the Company’s common stock at a discount over a two-year period. In March and April the Company reduced personnel that were working on far-future solutions as well as other department reductions. Combined with other cost cutting measures management estimates it reduced the monthly expense burn by $ <span id="xdx_908_eus-gaap--OtherNonrecurringExpense_c20220301__20230228__srt--RangeAxis__srt--MinimumMember_zrGXZEtFL9P7" title="Other cost cutting management estimates">200,000</span> - $ <span id="xdx_905_eus-gaap--OtherNonrecurringExpense_c20220301__20230228__srt--RangeAxis__srt--MaximumMember_z3jXXqhyEn3b" title="Other cost cutting management estimates">300,000</span> with little impact on short and medium term operations. Management believes that it has the necessary support to continue operations by continuing its funding methods in the following ways : growing revenues ,equity proceeds and non-convertible debt. Management has had many recent conversations with the Company’s primary debt holder and believes that the non-convertible debt on the balance sheet will be extended. Management notes that non-convertible debt on the books has been extended by this debt holder twice in the past and notes that this debt holder has been a strong supporter of the Company.</p> | |
CY2023 | aitx |
Net Cash Provided By Used In Operating Activities1
NetCashProvidedByUsedInOperatingActivities1
|
12577395 | usd |
CY2023Q1 | aitx |
Retained Earnings Accumulated Deficit1
RetainedEarningsAccumulatedDeficit1
|
112253711 | usd |
CY2023Q1 | aitx |
Working Capital
WorkingCapital
|
12610601 | usd |
CY2023 | us-gaap |
Valuation Allowance Deferred Tax Asset Explanation Of Change
ValuationAllowanceDeferredTaxAssetExplanationOfChange
|
The Company’s gross deferred tax assets were revalued based on the reduction in the federal statutory tax rate from 35% to 21%. | |
CY2022Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
137952 | usd |
CY2023 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<p id="xdx_843_eus-gaap--UseOfEstimates_z05ppy6f8ZO8" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i><span id="xdx_86F_zb2vpEey4Kc3">Use of Estimates</span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In order to prepare financial statements in conformity with accounting principals generally accepted in the United States, management must make estimates , judgements and assumptions that affect the amounts reported in the financial statements and determine whether contingent assets and liabilities, if any, are disclosed in the financial statements. The ultimate resolution of issues requiring these estimates and assumptions could differ significantly from resolution currently anticipated by management and on which the financial statements are based. The most significant estimates included in these consolidated financial statements are those associated with the assumptions used to value equity instruments used in debt settlements, amendments and extensions.</p> | |
CY2023Q1 | us-gaap |
Loans Payable
LoansPayable
|
31254345 | usd |
CY2022Q1 | us-gaap |
Loans Payable
LoansPayable
|
26233598 | usd |
CY2023Q1 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
39000 | usd |
CY2022Q1 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
33890 | usd |
CY2023 | aitx |
Percentage Of Accounts Receivable
PercentageOfAccountsReceivable
|
0.48 | pure |
CY2022 | aitx |
Percentage Of Accounts Receivable
PercentageOfAccountsReceivable
|
0.63 | pure |
CY2022Q1 | us-gaap |
Sale Leaseback Transaction Net Book Value
SaleLeasebackTransactionNetBookValue
|
875 | usd |
CY2022 | us-gaap |
Proceeds From Sale Of Other Assets1
ProceedsFromSaleOfOtherAssets1
|
30000 | usd |
CY2022 | us-gaap |
Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
|
29125 | usd |
CY2021Q1 | us-gaap |
Equity Method Investment Aggregate Cost
EquityMethodInvestmentAggregateCost
|
1925000 | usd |
CY2023Q1 | us-gaap |
Debt Default Longterm Debt Amount
DebtDefaultLongtermDebtAmount
|
0 | usd |
CY2023Q1 | us-gaap |
Inventory Valuation Reserves
InventoryValuationReserves
|
195000 | usd |
CY2022Q1 | us-gaap |
Inventory Valuation Reserves
InventoryValuationReserves
|
65000 | usd |
CY2023Q1 | us-gaap |
Deferred Tax Liabilities Deferred Expense Capitalized Research And Development Costs
DeferredTaxLiabilitiesDeferredExpenseCapitalizedResearchAndDevelopmentCosts
|
0 | usd |
CY2022Q1 | us-gaap |
Deferred Tax Liabilities Deferred Expense Capitalized Research And Development Costs
DeferredTaxLiabilitiesDeferredExpenseCapitalizedResearchAndDevelopmentCosts
|
0 | usd |
CY2023Q1 | us-gaap |
Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
|
0.45 | pure |
CY2022Q1 | us-gaap |
Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
|
0.43 | pure |
CY2023Q1 | aitx |
Incentives Compensation Plan Payable Revaluation Of Equity
IncentivesCompensationPlanPayableRevaluationOfEquity
|
979000 | usd |
CY2022Q1 | aitx |
Incentives Compensation Plan Payable Revaluation Of Equity
IncentivesCompensationPlanPayableRevaluationOfEquity
|
479500 | usd |
CY2022Q1 | us-gaap |
Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
|
7587 | usd |
CY2023 | aitx |
New Accounting Pronouncements Policy Policy Text Block1
NewAccountingPronouncementsPolicyPolicyTextBlock1
|
<p id="xdx_845_ecustom--NewAccountingPronouncementsPolicyPolicyTextBlock1_zZHokVkCw5Il" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i><span id="xdx_86A_zUfNf3MgdYJi">Recently Issued Accounting Pronouncements</span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span><i>Recently Adopted Accounting Standards</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i> </i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span><i> </i>In December 2019, the Financial Accounting Standards Board (FASB) issued amended guidance on the accounting and reporting of income taxes. The guidance is intended to simplify the accounting for income taxes by removing exceptions related to certain intraperiod tax allocations and deferred tax liabilities; clarifying guidance primarily related to evaluating the step-up tax basis for goodwill in a business combination; and reflecting enacted changes in tax laws or rates in the annual effective tax rate. The Company adopted the new guidance effective February 1, 2021. There was no impact to the Company’s consolidated financial statements upon adoption.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span>In January 2020, the FASB issued new guidance intended to clarify certain interactions between accounting standards related to equity securities, equity method investments and certain derivatives. The guidance addresses accounting for the transition into and out of the equity method of accounting and measuring certain purchased options and forward contracts to acquire investments. The Company adopted the new guidance effective February 1, 2021. There was no impact to the Company’s consolidated financial statements upon adoption.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span>In August 2020, the FASB issued amended guidance on the accounting for convertible instruments and contracts in an entity’s own equity. The guidance removes the separation model for convertible debt instruments and preferred stock, amends requirements for conversion options to be classified in equity as well as amends diluted earnings per share (EPS) calculations for certain convertible debt instruments. The amended guidance is effective for interim and annual periods in 2022. The application of the amendments in the new guidance are to be applied either on a modified retrospective or a retrospective basis. We are currently assessing the effect that the adoption of this standard will have on the Company’s consolidated financial statements upon adoption.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span><i>Recently Issued Accounting Standards Not Yet Adopted</i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i> </i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span>In March 2020, the FASB issued optional guidance to ease the potential burden in accounting for (or recognizing the effects of) reference rate reform on financial reporting and subsequently issued clarifying amendments. The guidance provides optional expedients and exceptions for accounting for contracts, hedging relationships, and other transactions that reference the London Interbank Offered Rate (LIBOR) or another reference rate expected to be discontinued because of reference rate reform. The optional guidance is effective upon issuance and can be applied on a prospective basis at any time between January 1, 2020 through December 31, 2022. The Company is currently evaluating the impact of adoption on its consolidated financial statements.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span>In October 2021, the FASB issued amended guidance that requires acquiring entities to recognize and measure contract assets and liabilities in a business combination in accordance with existing revenue recognition guidance. The amended guidance is effective for interim and annual periods in 2023 and is to be applied prospectively. Early adoption is permitted on a retrospective basis to the beginning of the fiscal year of adoption. The adoption of this guidance will not have a material impact on the Company’s consolidated financial statements for prior acquisitions; however, the impact in future periods will be dependent upon the contract assets and contract liabilities acquired in future business combinations.</span></p> | |
CY2023 | aitx |
Revenue From Device Rental Activities
RevenueFromDeviceRentalActivities
|
754126 | usd |
CY2022 | aitx |
Revenue From Device Rental Activities
RevenueFromDeviceRentalActivities
|
592401 | usd |
CY2023 | aitx |
Revenue From Direct Sales Of Goods And Services
RevenueFromDirectSalesOfGoodsAndServices
|
577830 | usd |
CY2022 | aitx |
Revenue From Direct Sales Of Goods And Services
RevenueFromDirectSalesOfGoodsAndServices
|
854708 | usd |
CY2023 | us-gaap |
Revenues
Revenues
|
1331956 | usd |
CY2022 | us-gaap |
Revenues
Revenues
|
1447109 | usd |
CY2023Q1 | aitx |
Operating Lease Assets
OperatingLeaseAssets
|
1208440 | usd |
CY2022Q1 | aitx |
Operating Lease Assets
OperatingLeaseAssets
|
1331605 | usd |
CY2023Q1 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
248670 | usd |
CY2022Q1 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
254027 | usd |
CY2023Q1 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
950541 | usd |
CY2022Q1 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
1057579 | usd |
CY2023Q1 | aitx |
Lease Liability
LeaseLiability
|
1199211 | usd |
CY2022Q1 | aitx |
Lease Liability
LeaseLiability
|
1311606 | usd |
CY2023 | aitx |
Operating Lease Cost1
OperatingLeaseCost1
|
260271 | usd |
CY2023 | aitx |
Rental Expense
RentalExpense
|
260271 | usd |
CY2022 | aitx |
Operating Lease Cost1
OperatingLeaseCost1
|
275785 | usd |
CY2022 | aitx |
Rental Expense
RentalExpense
|
275785 | usd |
CY2022Q1 | us-gaap |
Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
|
2015058 | usd |
CY2021Q1 | us-gaap |
Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
|
1143724 | usd |
CY2022Q1 | us-gaap |
Property Plant And Equipment Other Accumulated Depreciation
PropertyPlantAndEquipmentOtherAccumulatedDepreciation
|
779839 | usd |
CY2021Q1 | us-gaap |
Property Plant And Equipment Other Accumulated Depreciation
PropertyPlantAndEquipmentOtherAccumulatedDepreciation
|
434661 | usd |
CY2022Q1 | us-gaap |
Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
|
1235219 | usd |
CY2021Q1 | us-gaap |
Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
|
709063 | usd |
CY2023Q1 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
497890 | usd |
CY2022Q1 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
187017 | usd |
CY2023Q1 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
182002 | usd |
CY2022Q1 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
49065 | usd |
CY2023Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
315888 | usd |
CY2022Q1 | us-gaap |
Debt Default Longterm Debt Amount
DebtDefaultLongtermDebtAmount
|
0 | usd |
CY2022Q1 | us-gaap |
Convertible Notes Payable
ConvertibleNotesPayable
|
3500 | usd |
CY2022Q1 | aitx |
Debt Instrument Unamortized Discount Two
DebtInstrumentUnamortizedDiscountTwo
|
-3500 | usd |
CY2022Q1 | aitx |
Convertible Note Payable Current Portion Gross
ConvertibleNotePayableCurrentPortionGross
|
3500 | usd |
CY2023Q1 | us-gaap |
Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
|
-0 | usd |
CY2022Q1 | us-gaap |
Convertible Notes Payable Current
ConvertibleNotesPayableCurrent
|
3500 | usd |
CY2023 | aitx |
Debt Instruments Issued Principal
DebtInstrumentsIssuedPrincipal
|
75000 | usd |
CY2022 | aitx |
Debt Instruments Issued Principal
DebtInstrumentsIssuedPrincipal
|
0 | usd |
CY2023Q1 | us-gaap |
Derivative Instruments And Hedges Liabilities
DerivativeInstrumentsAndHedgesLiabilities
|
393949 | usd |
CY2022Q1 | us-gaap |
Derivative Instruments And Hedges Liabilities
DerivativeInstrumentsAndHedgesLiabilities
|
438835 | usd |
CY2023 | aitx |
Amortization Of Debt Discount Interest Expense
AmortizationOfDebtDiscountInterestExpense
|
524699 | usd |
CY2022 | aitx |
Amortization Of Debt Discount Interest Expense
AmortizationOfDebtDiscountInterestExpense
|
775986 | usd |
CY2023Q1 | us-gaap |
Interest Payable Current
InterestPayableCurrent
|
28104 | usd |
CY2022Q1 | us-gaap |
Interest Payable Current
InterestPayableCurrent
|
28104 | usd |
CY2023 | aitx |
Description Of Business Activity
DescriptionOfBusinessActivity
|
The Company transferred the above July 18, 2016 $3,500 note to loans payable as the note was no longer convertible. This was a result of an SEC action against the debt holder who was also a common stockholder. | |
CY2023 | aitx |
Description Of Business Activity One
DescriptionOfBusinessActivityOne
|
On August 9, 2022 the Company entered into a new convertible note for $750,000 with a one year maturity, interest rate of 12%, with a warrant (Warrant 1) to purchase 47,000,000 common shares with a five year maturity and an exercise price of $0.01, and an additional warrant (Warrant 2) to purchase 47,000,000 common shares with a five year maturity and an exercise price of $0.008 to be cancelled and extinguished if the note balance is $375,000 or less by February 9. 2023. The Company received $619,250 in cash proceeds, recorded an original issue discount of $75,000, recognized $393,949 based on a relative fair value calculation as debt discount with a corresponding adjustment to paid-in capital for the attached warrants, and transaction fees of $55,750. The discount is amortized over the term of the loan. This note and related accrued interest have been fully repaid at February 28, 2023. | |
CY2023 | aitx |
Description Of Business Activity Two
DescriptionOfBusinessActivityTwo
|
the Company amended the January 27, 2021 agreement with the lender whereby the conversion rate was changed from $0.10 to $0.03 as a result of a dilutive issuance. This resulted a derivative discount of $438,835 and a loss on extinguishment of $360,125. | |
CY2023 | aitx |
Description Of Business Activity Three
DescriptionOfBusinessActivityThree
|
holders of certain convertible notes payable elected to convert a total of $825,000 of principal and $71,955 accrued interest, and $1,750 of fees into 31,042,436 shares of common stock. No gain or loss was recognized on conversions as these conversions occurred within the terms of the agreement that provided for conversion. | |
CY2023 | aitx |
Description Of Business Activity Four
DescriptionOfBusinessActivityFour
|
the conversion rate of the January 19, 2021 note included above was reduced to $0.027 due to the dilutive issuance provision in the January 19, 2021 agreement. | |
CY2023 | us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
0 | usd |
CY2022 | us-gaap |
Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
|
803394 | usd |
CY2023Q1 | aitx |
Loan Payable Related Party1
LoanPayableRelatedParty1
|
206516 | usd |
CY2022Q1 | aitx |
Loan Payable Related Party1
LoanPayableRelatedParty1
|
193556 | usd |
CY2023Q1 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
108000 | usd |
CY2023 | aitx |
Percentage Of Interest Expense Due To Related Party
PercentageOfInterestExpenseDueToRelatedParty
|
0.12 | pure |
CY2023 | aitx |
Deferred Salary Payable Related Party
DeferredSalaryPayableRelatedParty
|
108000 | usd |
CY2023 | aitx |
Deferred Salary Payable Related Party Bearing Interest
DeferredSalaryPayableRelatedPartyBearingInterest
|
90000 | usd |
CY2023 | aitx |
Percentage Of Interest Expense Due To Related Party
PercentageOfInterestExpenseDueToRelatedParty
|
0.12 | pure |
CY2023 | aitx |
Interest Accrued Related Party
InterestAccruedRelatedParty
|
15660 | usd |
CY2022 | aitx |
Interest Accrued Related Party
InterestAccruedRelatedParty
|
2700 | usd |
CY2023 | us-gaap |
Professional Fees
ProfessionalFees
|
3578981 | usd |
CY2022 | us-gaap |
Professional Fees
ProfessionalFees
|
2258819 | usd |
CY2022Q1 | aitx |
Proceeds Of Disposal Of Vehicle Offset Against Vehicle Loan
ProceedsOfDisposalOfVehicleOffsetAgainstVehicleLoan
|
18766 | usd |
CY2022Q1 | aitx |
Remaining Asset Value
RemainingAssetValue
|
5515 | usd |
CY2023Q1 | us-gaap |
Debt Instrument Face Amount
DebtInstrumentFaceAmount
|
31254346 | usd |
CY2023Q1 | aitx |
Long Term Notes Payable Non Current
LongTermNotesPayableNonCurrent
|
-11569986 | usd |
CY2023Q1 | aitx |
Discount On Long Term Notes Payable Non Current
DiscountOnLongTermNotesPayableNonCurrent
|
-4130291 | usd |
CY2023Q1 | us-gaap |
Long Term Notes Payable
LongTermNotesPayable
|
15554069 | usd |
CY2023Q1 | aitx |
Long Term Notes Payable Current
LongTermNotesPayableCurrent
|
11569986 | usd |
CY2023Q1 | aitx |
Discount On Long Term Notes Payable Current
DiscountOnLongTermNotesPayableCurrent
|
-1651597 | usd |
CY2023Q1 | us-gaap |
Notes Payable Current
NotesPayableCurrent
|
9918389 | usd |
CY2023Q1 | aitx |
Debt Instrument Accrued Interest
DebtInstrumentAccruedInterest
|
342138 | usd |
CY2023Q1 | aitx |
Total Debt Instrument Face Amount
TotalDebtInstrumentFaceAmount
|
2004091 | usd |
CY2023Q1 | us-gaap |
Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
|
62979 | usd |
CY2023Q1 | aitx |
Derivative Liabilities Current1
DerivativeLiabilitiesCurrent1
|
0 | usd |
CY2022Q1 | aitx |
Derivative Liabilities Current1
DerivativeLiabilitiesCurrent1
|
7587 | usd |
CY2023 | aitx |
Fair Value Of Derivative Liabilities Current
FairValueOfDerivativeLiabilitiesCurrent
|
0 | usd |
CY2022 | aitx |
Fair Value Of Derivative Liabilities Current
FairValueOfDerivativeLiabilitiesCurrent
|
3595 | usd |
CY2023 | us-gaap |
Debt Securities Gain Loss
DebtSecuritiesGainLoss
|
0 | usd |
CY2022 | us-gaap |
Debt Securities Gain Loss
DebtSecuritiesGainLoss
|
3992 | usd |
CY2022 | aitx |
Change In Fair Value Of Derivative Liabilities
ChangeInFairValueOfDerivativeLiabilities
|
372214 | usd |
CY2022 | aitx |
Gain On Settlement Of Debt
GainOnSettlementOfDebt
|
81228 | usd |
CY2023Q1 | aitx |
Preferred Stock Shares Authorized Maximum
PreferredStockSharesAuthorizedMaximum
|
20000000 | shares |
CY2023Q1 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.001 | |
CY2023Q1 | us-gaap |
Preferred Stock Convertible Shares Issuable
PreferredStockConvertibleSharesIssuable
|
78 | shares |
CY2021Q1 | us-gaap |
Common Stock Conversion Basis
CommonStockConversionBasis
|
Two Series F Preferred shareholders exchanged 83 Series F Preferred Shares for two promissory notes on March 23, 2021. The notes are non-interest bearing, have a one-year maturity and total $7,546,775. These notes were subsequently exchanged on June 2, 2021 for a total of 116,104.232 common shares. | |
CY2021Q3 | us-gaap |
Common Stock Conversion Basis
CommonStockConversionBasis
|
On July 12, 2021, the former director agreed to surrender his remaining 184 Series F preferred shares in exchange for a note payable from the Company of $4,000,160 bearing interest at 7% per annum with a 5 year term, maturing July 12, 2026. | |
CY2021Q3 | us-gaap |
Common Stock Conversion Basis
CommonStockConversionBasis
|
On August 24, 2021the Series F preferred warrant holder agreed to not exercise his warrant privileges on his remaining 329 warrant shares before September 1, 2023. | |
CY2023 | us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
21929 | usd |
CY2023 | us-gaap |
Stock Issued During Period Value Employee Stock Ownership Plan
StockIssuedDuringPeriodValueEmployeeStockOwnershipPlan
|
499500 | usd |
CY2023 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
1979500 | usd |
CY2022 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
2100000 | shares |
CY2022 | us-gaap |
Stock Granted During Period Value Sharebased Compensation Gross
StockGrantedDuringPeriodValueSharebasedCompensationGross
|
109200 | usd |
CY2023 | aitx |
Share Based Compensation2
ShareBasedCompensation2
|
0 | usd |
CY2022 | aitx |
Share Based Compensation2
ShareBasedCompensation2
|
0 | usd |
CY2023 | aitx |
Share Based Compensation3
ShareBasedCompensation3
|
240550 | usd |
CY2022 | aitx |
Share Based Compensation3
ShareBasedCompensation3
|
1678550 | usd |
CY2023 | aitx |
Share Based Compensation4
ShareBasedCompensation4
|
499500 | usd |
CY2022 | aitx |
Share Based Compensation4
ShareBasedCompensation4
|
479500 | usd |
CY2022Q3 | us-gaap |
Class Of Warrant Or Right Unissued
ClassOfWarrantOrRightUnissued
|
955000000 | shares |
CY2022Q3 | us-gaap |
Debt Instrument Face Amount
DebtInstrumentFaceAmount
|
3000000 | usd |
CY2022Q3 | us-gaap |
Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
|
0.15 | pure |
CY2022Q3 | us-gaap |
Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
|
2960500 | shares |
CY2022Q3 | us-gaap |
Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
|
39500 | usd |
CY2022Q3 | us-gaap |
Class Of Warrant Or Right Unissued
ClassOfWarrantOrRightUnissued
|
47000000 | shares |
CY2022Q3 | us-gaap |
Warrant Exercise Price Increase
WarrantExercisePriceIncrease
|
0.01 | |
CY2022Q3 | us-gaap |
Warrant Exercise Price Decrease
WarrantExercisePriceDecrease
|
0.008 | |
CY2022Q3 | us-gaap |
Warrants And Rights Outstanding Term
WarrantsAndRightsOutstandingTerm
|
P5Y | |
CY2022Q3 | us-gaap |
Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
|
393949 | usd |
CY2023 | us-gaap |
Stock Granted During Period Value Sharebased Compensation Forfeited
StockGrantedDuringPeriodValueSharebasedCompensationForfeited
|
122050 | usd |
CY2023 | dei |
Entity Address Address Description
EntityAddressAddressDescription
|
the Company entered into a 15-month lease agreement for office space at 18009 Sky Park Circle Suite E, Irvine CA, 92614, commencing on December 18, 2020 through to March 31, 2022 with a minimum base rent of $3,859 per month. | |
CY2020Q4 | us-gaap |
Payments For Rent
PaymentsForRent
|
3859 | usd |
CY2020Q4 | us-gaap |
Security Deposit
SecurityDeposit
|
3859 | usd |
CY2023 | aitx |
Entity Address Address Description1
EntityAddressAddressDescription1
|
the Company entered into a 10 year lease agreement for q manufacturing facility at 10800 Galaxie Avenue, Ferndale, Michigan, 48220, commencing on May 1, 2021 through to April 30, 2031 with a minimum base rent of $15,880 per month. | |
CY2021Q1 | us-gaap |
Payments For Rent
PaymentsForRent
|
15880 | usd |
CY2021Q1 | us-gaap |
Security Deposit
SecurityDeposit
|
15880 | usd |
CY2023 | aitx |
Entity Address Address Description2
EntityAddressAddressDescription2
|
the Company entered into a 3-year lease agreement for a vehicle commencing September 30, 2021 through to April 30, 2031 with a minimum base rent of $1,538 per month. The Company paid a down payment of $18,462. | |
CY2023 | aitx |
Entity Address Address Description3
EntityAddressAddressDescription3
|
the Company entered into a 2-year lease agreement for office space at 1516 E Edinger, Santa Ana, California, 92705, commencing on February 1, 2022 through to January 31, 2024 | |
CY2022Q1 | us-gaap |
Payments For Rent
PaymentsForRent
|
1500 | usd |
CY2022Q1 | us-gaap |
Security Deposit
SecurityDeposit
|
1500 | usd |
CY2023 | aitx |
Lease Cost And Rental Expense
LeaseCostAndRentalExpense
|
260271 | usd |
CY2022 | aitx |
Lease Cost And Rental Expense
LeaseCostAndRentalExpense
|
275785 | usd |
CY2023Q1 | us-gaap |
Lessor Operating Lease Payments To Be Received Next Rolling Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextRollingTwelveMonths
|
248669 | usd |
CY2023Q1 | us-gaap |
Lessor Operating Lease Payments To Be Received Rolling Year Two
LessorOperatingLeasePaymentsToBeReceivedRollingYearTwo
|
219863 | usd |
CY2023Q1 | us-gaap |
Lessor Operating Lease Payments To Be Received Rolling Year Three
LessorOperatingLeasePaymentsToBeReceivedRollingYearThree
|
207558 | usd |
CY2023Q1 | us-gaap |
Lessor Operating Lease Payments To Be Received Rolling Year Four
LessorOperatingLeasePaymentsToBeReceivedRollingYearFour
|
207558 | usd |
CY2023Q1 | us-gaap |
Lessor Operating Lease Payments To Be Received Rolling Year Five
LessorOperatingLeasePaymentsToBeReceivedRollingYearFive
|
207558 | usd |
CY2023Q1 | us-gaap |
Lessor Operating Lease Payments To Be Received After Rolling Year Five
LessorOperatingLeasePaymentsToBeReceivedAfterRollingYearFive
|
657268 | usd |
CY2023Q1 | us-gaap |
Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
|
1748474 | usd |
CY2023Q1 | aitx |
Lessor Operating Lease Payments To Be Received Less Interest
LessorOperatingLeasePaymentsToBeReceivedLessInterest
|
549263 | usd |
CY2023Q1 | aitx |
Operating Lease Right Of Use Asset1
OperatingLeaseRightOfUseAsset1
|
1199211 | usd |
CY2023 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-18109457 | usd |
CY2022 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-62197484 | usd |
CY2023 | us-gaap |
Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
|
47075 | usd |
CY2022 | us-gaap |
Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
|
24954 | usd |
CY2023 | aitx |
Tax Effect Of Increase Decrease Interest Expense Debt
TaxEffectOfIncreaseDecreaseInterestExpenseDebt
|
-3595 | usd |
CY2022 | aitx |
Tax Effect Of Increase Decrease Interest Expense Debt
TaxEffectOfIncreaseDecreaseInterestExpenseDebt
|
-372214 | usd |
CY2023 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
-18065977 | usd |
CY2022 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
-62544744 | usd |
CY2023 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
5091857082 | shares |
CY2022 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
4029658082 | shares |
CY2023 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.00 | |
CY2022 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.02 | |
CY2023 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
5091857082 | shares |
CY2022 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
4029658082 | shares |
CY2023 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.00 | |
CY2022 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.02 | |
CY2023 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
496942251 | shares |
CY2022 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
1261773222 | shares |
CY2023 | aitx |
Convertible Preferred Stock Shares Issued Upon Conversion F Shares
ConvertiblePreferredStockSharesIssuedUponConversionFShares
|
20178158517 | shares |
CY2022 | aitx |
Convertible Preferred Stock Shares Issued Upon Conversion F Shares
ConvertiblePreferredStockSharesIssuedUponConversionFShares
|
16336475742 | shares |
CY2023Q1 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
12651115 | usd |
CY2022Q1 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
8559915 | usd |
CY2023Q1 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
12651115 | usd |
CY2023 | us-gaap |
Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
|
-3803000 | usd |
CY2023 | aitx |
State Income Tax Benefit Net Of Federal Benefit
StateIncomeTaxBenefitNetOfFederalBenefit
|
-859400 | usd |
CY2023 | aitx |
Income Tax Reconciliation Nondeductible Expense Non Deductible Interest
IncomeTaxReconciliationNondeductibleExpenseNonDeductibleInterest
|
415800 | usd |
CY2023 | us-gaap |
Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
|
155400 | usd |
CY2023 | us-gaap |
Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
4091200 | usd |
CY2022 | us-gaap |
Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
|
-13061500 | usd |
CY2022 | aitx |
State Income Tax Benefit Net Of Federal Benefit
StateIncomeTaxBenefitNetOfFederalBenefit
|
-2954400 | usd |
CY2022 | aitx |
Income Tax Reconciliation Nondeductible Expense Non Deductible Interest
IncomeTaxReconciliationNondeductibleExpenseNonDeductibleInterest
|
4027800 | usd |
CY2022 | aitx |
Non Deductible Settlement Losses
NonDeductibleSettlementLosses
|
8515100 | usd |
CY2022 | us-gaap |
Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
IncomeTaxReconciliationNondeductibleExpenseShareBasedCompensationCost
|
169400 | usd |
CY2022 | aitx |
Non Deductible Nonincludable Gains Changes In Fair Value Of Instruments
NonDeductibleNonincludableGainsChangesInFairValueOfInstruments
|
-95800 | usd |
CY2022 | us-gaap |
Income Tax Reconciliation Nondeductible Expense Other
IncomeTaxReconciliationNondeductibleExpenseOther
|
600 | usd |
CY2022 | us-gaap |
Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
|
3398800 | usd |
CY2023 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | pure |
CY2023Q1 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
12651115 | usd |
CY2022Q1 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
8445915 | usd |
CY2022Q1 | aitx |
Debt Discount
DebtDiscount
|
114000 | usd |
CY2022Q1 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
8559915 | usd |
CY2023Q1 | us-gaap |
Operating Loss Carryforwards
OperatingLossCarryforwards
|
44448800 | usd |
CY2022Q1 | us-gaap |
Operating Loss Carryforwards
OperatingLossCarryforwards
|
28200000 | usd |
CY2023 | aitx |
Description Od Operating Loss Carryforwards Expiration Date
DescriptionOdOperatingLossCarryforwardsExpirationDate
|
2030 |