2023 Q3 Form 10-Q Financial Statement

#000116169723000543 Filed on October 12, 2023

View on sec.gov

Income Statement

Concept 2023 Q3
Revenue $386.4K
YoY Change 44.44%
Cost Of Revenue $89.01K
YoY Change 160.17%
Gross Profit $297.3K
YoY Change 27.47%
Gross Profit Margin 76.96%
Selling, General & Admin $2.357M
YoY Change 2.38%
% of Gross Profit 792.67%
Research & Development $794.5K
YoY Change -17.56%
% of Gross Profit 267.21%
Depreciation & Amortization $191.0K
YoY Change 31.04%
% of Gross Profit 64.25%
Operating Expenses $3.343M
YoY Change -2.03%
Operating Profit -$3.045M
YoY Change -4.19%
Interest Expense $1.753M
YoY Change 74.97%
% of Operating Profit
Other Income/Expense, Net -$1.714M
YoY Change 72.41%
Pretax Income -$4.760M
YoY Change 14.06%
Income Tax
% Of Pretax Income
Net Earnings -$4.760M
YoY Change 14.06%
Net Earnings / Revenue -1231.93%
Basic Earnings Per Share $0.00
Diluted Earnings Per Share $0.00
COMMON SHARES
Basic Shares Outstanding 6.561B shares
Diluted Shares Outstanding 6.569B shares

Balance Sheet

Concept 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.512M
YoY Change 316.48%
Cash & Equivalents $1.512M
Short-Term Investments
Other Short-Term Assets $675.3K
YoY Change 18.73%
Inventory $1.690M
Prepaid Expenses $675.3K
Receivables $260.7K
Other Receivables $0.00
Total Short-Term Assets $4.138M
YoY Change 25.52%
LONG-TERM ASSETS
Property, Plant & Equipment $328.6K
YoY Change 2.88%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $71.24K
YoY Change 235.4%
Other Assets
YoY Change
Total Long-Term Assets $3.332M
YoY Change 28.87%
TOTAL ASSETS
Total Short-Term Assets $4.138M
Total Long-Term Assets $3.332M
Total Assets $7.470M
YoY Change 26.99%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.277M
YoY Change -9.84%
Accrued Expenses $5.967M
YoY Change 1959.28%
Deferred Revenue $34.70K
YoY Change 1753.53%
Short-Term Debt $1.594K
YoY Change 0.0%
Long-Term Debt Due $19.70M
YoY Change 4906.73%
Total Short-Term Liabilities $28.75M
YoY Change 729.54%
LONG-TERM LIABILITIES
Long-Term Debt $7.176M
YoY Change -69.57%
Other Long-Term Liabilities $5.487M
YoY Change -27.36%
Total Long-Term Liabilities $12.66M
YoY Change -59.33%
TOTAL LIABILITIES
Total Short-Term Liabilities $28.75M
Total Long-Term Liabilities $12.66M
Total Liabilities $41.42M
YoY Change 19.69%
SHAREHOLDERS EQUITY
Retained Earnings -$121.6M
YoY Change 18.04%
Common Stock $70.40K
YoY Change 39.03%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$33.95M
YoY Change
Total Liabilities & Shareholders Equity $7.470M
YoY Change 26.99%

Cashflow Statement

Concept 2023 Q3
OPERATING ACTIVITIES
Net Income -$4.760M
YoY Change 14.06%
Depreciation, Depletion And Amortization $191.0K
YoY Change 31.04%
Cash From Operating Activities -$3.344M
YoY Change 6.75%
INVESTING ACTIVITIES
Capital Expenditures $0.00
YoY Change -100.0%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities $0.00
YoY Change -100.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 4.569M
YoY Change 69.65%
NET CHANGE
Cash From Operating Activities -3.344M
Cash From Investing Activities 0.000
Cash From Financing Activities 4.569M
Net Change In Cash 1.225M
YoY Change -319.3%
FREE CASH FLOW
Cash From Operating Activities -$3.344M
Capital Expenditures $0.00
Free Cash Flow -$3.344M
YoY Change 10.96%

Facts In Submission

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us-gaap Increase Decrease In Prepaid Expense
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us-gaap Increase Decrease In Prepaid Expense
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23984 usd
aitx Robot Parts Inventory
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aitx Robot Parts Inventory
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632760 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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16775 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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aitx Increase Decrease In Customer Discounts
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aitx Increase Decrease In Customer Discounts
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us-gaap Increase Decrease In Operating Liabilities
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us-gaap Increase Decrease In Operating Liabilities
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aitx Increase Decrease In Current Portion Of Deferred Variable Payment Obligation
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aitx Increase Decrease In Current Portion Of Deferred Variable Payment Obligation
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us-gaap Increase Decrease In Interest Payable Net
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us-gaap Increase Decrease In Interest Payable Net
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Net Cash Provided By Used In Operating Activities
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aitx Purchase Of Fixed Assets
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aitx Purchase Of Fixed Assets
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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aitx Share Proceeds Net Of Issuance Costs
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aitx Share Proceeds Net Of Issuance Costs
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aitx Proceeds From Loans Payable
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aitx Proceeds From Loans Payable
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us-gaap Repayments Of Bank Debt
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us-gaap Repayments Of Bank Debt
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us-gaap Proceeds From Repayments Of Debt
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2023Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CY2022Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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1512112 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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us-gaap Interest Paid Net
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us-gaap Interest Paid Net
InterestPaidNet
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aitx Transfer From Device Parts Inventory To Revenu
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aitx Transfer From Device Parts Inventory To Revenu
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aitx Discount Added To Face Value Of Loans
DiscountAddedToFaceValueOfLoans
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aitx Discount Added To Face Value Of Loans
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aitx Series F Warrants Issued As Part Of Debt Issuance
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us-gaap Nature Of Operations
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<p id="xdx_808_eus-gaap--NatureOfOperations_zDlsXKKHBtah" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>1. <span id="xdx_827_zkpMW2wcZEa4">GENERAL INFORMATION</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. (“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 Limited Liability Company. 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_z5WVTyH0BxQd" 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_zPoUafF6Cimi" 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_zKbpO19esgTe" 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 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, and 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>
aitx Net Cash Provided By Used In Operating Activities1
NetCashProvidedByUsedInOperatingActivities1
6335216 usd
CY2023Q3 aitx Retained Earnings Accumulated Deficit1
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CY2023Q3 aitx Working Capital
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CY2023Q3 us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
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us-gaap Use Of Estimates
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<p id="xdx_84B_eus-gaap--UseOfEstimates_z4qb5snD6cdb" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i><span id="xdx_86E_zlPquDu9A2V4">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 principles 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 preferred stock and derivative liabilities.</p>
aitx Revenue From Direct Sales Of Goods And Services
RevenueFromDirectSalesOfGoodsAndServices
189879 usd
aitx Revenue From Direct Sales Of Goods And Services
RevenueFromDirectSalesOfGoodsAndServices
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CY2022Q3 us-gaap Revenues
Revenues
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us-gaap Revenues
Revenues
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CY2023Q1 us-gaap Loans Payable
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CY2023Q3 aitx Allowance For Doubtful Accounts Percentage Of Accounts Receivable
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CY2022Q3 aitx Allowance For Doubtful Accounts Percentage Of Accounts Receivable
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CY2023Q3 us-gaap Inventory Valuation Reserves
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CY2023Q1 us-gaap Inventory Valuation Reserves
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195000 usd
us-gaap Revenues
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CY2023Q1 us-gaap Property Plant And Equipment Other Net
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1235219 usd
CY2023Q3 aitx Long Term Notes Payable Current
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CY2023Q3 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.33 pure
CY2022Q3 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.26 pure
us-gaap Valuation Allowance Deferred Tax Asset Explanation Of Change
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The Company’s gross deferred tax assets were revalued based on the reduction in the federal statutory tax rate from 35% to 21%.
CY2023Q3 aitx Remaining Asset Value
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5515 usd
CY2023Q3 aitx Reclassification Of Fixed Assets To Vehicle For Disposal
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CY2023Q3 us-gaap Debt Instrument Face Amount
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CY2023Q3 aitx Incentives Compensation Plan Payable Revaluation Of Equity
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1104000 usd
CY2023Q1 aitx Incentives Compensation Plan Payable Revaluation Of Equity
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aitx New Accounting Pronouncements Policy Policy Text Block1
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<p id="xdx_840_ecustom--NewAccountingPronouncementsPolicyPolicyTextBlock1_zebAxmqz28F8" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i><span id="xdx_869_zTXZwvzAttEb">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"><i>Recently Issued Accounting Standards Not Yet Adopted</i></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 August 2020, the FASB issued ASU 2020-06, <i>Debt — Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging-Contracts in Entity’s Own Equity (Subtopic 815-40)</i>: <i>Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity</i>. Under ASU 2020-06, the embedded conversion features are no longer separated from the host contract for convertible instruments with conversion features that are not required to be accounted for as derivatives under Topic 815, or that do not result in substantial premiums accounted for as paid-in capital. Consequently, a convertible debt instrument will be accounted for as a single liability measured at its amortized cost, as long as no other features require bifurcation and recognition as derivatives. The new guidance also requires the if-converted method to be applied for all convertible instruments. The amendments in ASU 2020-06 are effective for public entities, excluding smaller reporting companies as defined, for fiscal years beginning after December 15, 2021. For all other entities, the amendments are effective for fiscal years beginning after December 15, 2023. Early adoption is permitted. A reporting entity is not permitted to adopt the guidance in an interim period, other than the first interim period of its fiscal year. Adoption of the standard requires using either a modified retrospective or a full retrospective approach. Management is currently evaluating the effect of these provisions on the Company’s financial position and results of operations.</p>
CY2023Q3 aitx Revenue From Device Rental Activities
RevenueFromDeviceRentalActivities
343543 usd
CY2022Q3 aitx Revenue From Device Rental Activities
RevenueFromDeviceRentalActivities
228214 usd
aitx Revenue From Device Rental Activities
RevenueFromDeviceRentalActivities
581692 usd
aitx Revenue From Device Rental Activities
RevenueFromDeviceRentalActivities
468019 usd
CY2023Q3 aitx Revenue From Direct Sales Of Goods And Services
RevenueFromDirectSalesOfGoodsAndServices
42820 usd
CY2022Q3 aitx Revenue From Direct Sales Of Goods And Services
RevenueFromDirectSalesOfGoodsAndServices
39270 usd
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CY2023Q3 aitx Lease Liability
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aitx Rental Expense
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aitx Operating Lease Cost1
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125083 usd
CY2022Q3 aitx Rental Expense
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CY2022Q3 aitx Operating Lease Cost1
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aitx Rental Expense
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aitx Operating Lease Cost1
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CY2023Q3 us-gaap Property Plant And Equipment Other Accumulated Depreciation
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CY2023Q1 us-gaap Property Plant And Equipment Other Accumulated Depreciation
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CY2023Q3 us-gaap Property Plant And Equipment Other Net
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CY2023Q3 us-gaap Property Plant And Equipment Gross
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CY2023Q1 us-gaap Property Plant And Equipment Gross
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CY2023Q1 us-gaap Property Plant And Equipment Net
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CY2023Q1 us-gaap Debt Default Longterm Debt Amount
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1925000 usd
CY2023Q3 aitx Deferred Payment Obligation Receive
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CY2023Q1 aitx Deferred Payment Obligation Receive
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us-gaap Proceeds From Related Party Debt
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us-gaap Proceeds From Related Party Debt
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CY2023Q3 aitx Loan Payable Related Party1
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CY2023Q1 aitx Loan Payable Related Party1
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CY2023Q3 us-gaap Other Liabilities Current
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aitx Percentage Of Interest Expense Due To Related Party
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0.12 pure
CY2023Q1 us-gaap Other Liabilities Current
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CY2023 aitx Deferred Salary Payable Related Party
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0.12 pure
aitx Interest Accrued Related Party
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CY2022 aitx Interest Accrued Related Party
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us-gaap Professional Fees
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us-gaap Professional Fees
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CY2023Q3 aitx Proceeds Of Disposal Of Vehicle Offset Against Vehicle Loan
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CY2023Q3 us-gaap Notes Payable Current
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CY2023Q3 us-gaap Stock Issued During Period Shares New Issues
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us-gaap Stock Issued During Period Shares New Issues
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CY2023Q3 us-gaap Fair Value Of Assets Acquired
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44460 usd
us-gaap Fair Value Of Assets Acquired
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44460 usd
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CY2023Q3 aitx Gain On Settlement Of Debt1
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38640 usd
CY2023 us-gaap Stock Issued During Period Shares New Issues
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CY2023Q3 us-gaap Lessor Operating Lease Payments To Be Received
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CY2023Q3 aitx Lessor Operating Lease Payments To Be Received Less Interest
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CY2023Q3 aitx Operating Lease Right Of Use Asset1
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CY2023Q3 us-gaap Net Income Loss
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CY2022Q3 us-gaap Net Income Loss
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dei Entity Address Address Description
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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
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3859 usd
CY2020Q4 us-gaap Security Deposit
SecurityDeposit
3859 usd
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
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.
CY2021Q3 us-gaap Payments For Rent
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1538 usd
CY2021Q3 us-gaap Security Deposit
SecurityDeposit
18462 usd
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 with a minimum base rent of $1,500 per month.
CY2022Q1 us-gaap Payments For Rent
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CY2022Q1 us-gaap Security Deposit
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CY2023Q3 aitx Lease Cost And Rental Expense
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aitx Lease Cost And Rental Expense
LeaseCostAndRentalExpense
125083 usd
CY2022Q3 aitx Lease Cost And Rental Expense
LeaseCostAndRentalExpense
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aitx Lease Cost And Rental Expense
LeaseCostAndRentalExpense
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CY2023Q3 us-gaap Lessor Operating Lease Payments To Be Received Next Rolling Twelve Months
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CY2023Q3 us-gaap Lessor Operating Lease Payments To Be Received Rolling Year Two
LessorOperatingLeasePaymentsToBeReceivedRollingYearTwo
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CY2023Q3 us-gaap Lessor Operating Lease Payments To Be Received Rolling Year Three
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CY2023Q3 us-gaap Lessor Operating Lease Payments To Be Received Rolling Year Five
LessorOperatingLeasePaymentsToBeReceivedRollingYearFive
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CY2023Q3 us-gaap Lessor Operating Lease Payments To Be Received After Rolling Year Five
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us-gaap Net Income Loss
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us-gaap Net Income Loss
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CY2022Q3 us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
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us-gaap Interest On Convertible Debt Net Of Tax
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CY2022Q3 us-gaap Derivative And Foreign Currency Transaction Price Change Realized Gain Loss Operating Before Tax
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us-gaap Derivative And Foreign Currency Transaction Price Change Realized Gain Loss Operating Before Tax
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CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-4759728 usd
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-4171909 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-9314919 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-8843401 usd
CY2023Q3 aitx Weighted Average Number Of Shares Outstanding Basic1
WeightedAverageNumberOfSharesOutstandingBasic1
6568957612 shares
CY2022Q3 aitx Weighted Average Number Of Shares Outstanding Basic1
WeightedAverageNumberOfSharesOutstandingBasic1
4970040852 shares
aitx Weighted Average Number Of Shares Outstanding Basic1
WeightedAverageNumberOfSharesOutstandingBasic1
6266833467 shares
aitx Weighted Average Number Of Shares Outstanding Basic1
WeightedAverageNumberOfSharesOutstandingBasic1
4884349362 shares
CY2023Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
6568957612 shares
CY2022Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
4970040852 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
4884349362 shares
CY2023Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
24720755887 shares
CY2022Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1237643136 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
24720755887 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1237643136 shares
aitx Convertible Preferred Stock Shares Issued Upon Conversion F Shares
ConvertiblePreferredStockSharesIssuedUponConversionFShares
0 shares
CY2023Q3 aitx Convertible Preferred Stock Shares Issued Upon Conversion F Shares
ConvertiblePreferredStockSharesIssuedUponConversionFShares
0 shares
aitx Convertible Preferred Stock Shares Issued Upon Conversion F Shares
ConvertiblePreferredStockSharesIssuedUponConversionFShares
17375422528 shares
CY2022Q3 aitx Convertible Preferred Stock Shares Issued Upon Conversion F Shares
ConvertiblePreferredStockSharesIssuedUponConversionFShares
17375422528 shares

Files In Submission

Name View Source Status
aitx-20230831_def.xml Edgar Link unprocessable
aitx-20230831_lab.xml Edgar Link unprocessable
0001161697-23-000543-index-headers.html Edgar Link pending
0001161697-23-000543-index.html Edgar Link pending
0001161697-23-000543.txt Edgar Link pending
0001161697-23-000543-xbrl.zip Edgar Link pending
aitx-20230831.xsd Edgar Link pending
aitx-20230831_cal.xml Edgar Link unprocessable
ex_21.htm Edgar Link pending
ex_31-1.htm Edgar Link pending
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ex_32-1.htm Edgar Link pending
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Financial_Report.xlsx Edgar Link pending
form_10-q.htm Edgar Link pending
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aitx-20230831_pre.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
form_10-q_htm.xml Edgar Link completed
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report.css Edgar Link pending
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