$AITX
Artificial Intelligence Technology Solutions Inc. Stock $aitx

$aitx Overview Financials Valuation SEC Filings Company Website

2024 Q3 Form 10-Q Financial Statement

#000149315224041126 Filed on October 15, 2024

Income Statement

Concept	2024 Q3	2023 Q3
Revenue	$1.344M	$386.4K
YoY Change	247.91%	44.44%
Cost Of Revenue	$785.0K	$89.01K
YoY Change	781.84%	160.17%
Gross Profit	$559.2K	$297.3K
YoY Change	88.07%	27.47%
Gross Profit Margin	41.6%	76.96%
Selling, General & Admin		$2.357M
YoY Change		2.38%
% of Gross Profit		792.67%
Research & Development	$677.4K	$794.5K
YoY Change	-14.74%	-17.56%
% of Gross Profit	121.14%	267.21%
Depreciation & Amortization	$107.8K	$191.0K
YoY Change	-43.59%	31.04%
% of Gross Profit	19.27%	64.25%
Operating Expenses	$3.173M	$3.343M
YoY Change	-5.07%	-2.03%
Operating Profit	-$2.614M	-$3.045M
YoY Change	-14.17%	-4.19%
Interest Expense		$1.753M
YoY Change		74.97%
% of Operating Profit
Other Income/Expense, Net	-$1.316M	-$1.714M
YoY Change	-23.22%	72.41%
Pretax Income		-$4.760M
YoY Change		14.06%
Income Tax
% Of Pretax Income
Net Earnings	-$3.930M	-$4.760M
YoY Change	-17.43%	14.06%
Net Earnings / Revenue	-292.39%	-1231.93%
Basic Earnings Per Share	$0.00	$0.00
Diluted Earnings Per Share	$0.00	$0.00
COMMON SHARES
Basic Shares Outstanding	11.16B shares	6.561B shares
Diluted Shares Outstanding	11.18B shares	6.569B shares

Balance Sheet

Concept	2024 Q3	2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments		$1.512M
YoY Change		316.48%
Cash & Equivalents	$543.1K	$1.512M
Short-Term Investments
Other Short-Term Assets		$675.3K
YoY Change		18.73%
Inventory	$2.063M	$1.690M
Prepaid Expenses	$552.7K	$675.3K
Receivables	$650.3K	$260.7K
Other Receivables		$0.00
Total Short-Term Assets	$4.090M	$4.138M
YoY Change	-1.16%	25.52%
LONG-TERM ASSETS
Property, Plant & Equipment	$258.2K	$328.6K
YoY Change	-21.43%	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	$5.125M	$3.332M
YoY Change	53.83%	28.87%
TOTAL ASSETS
Total Short-Term Assets	$4.090M	$4.138M
Total Long-Term Assets	$5.125M	$3.332M
Total Assets	$9.215M	$7.470M
YoY Change	23.37%	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	$363.6K	$34.70K
YoY Change	947.82%	1753.53%
Short-Term Debt	$1.594K	$1.594K
YoY Change	0.0%	0.0%
Long-Term Debt Due	$23.46M	$19.70M
YoY Change	19.08%	4906.73%
Total Short-Term Liabilities	$37.08M	$28.75M
YoY Change	28.96%	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	$37.08M	$28.75M
Total Long-Term Liabilities		$12.66M
Total Liabilities	$54.69M	$41.42M
YoY Change	32.04%	19.69%
SHAREHOLDERS EQUITY
Retained Earnings	-$145.7M	-$121.6M
YoY Change	19.84%	18.04%
Common Stock	$117.1K	$70.40K
YoY Change	66.29%	39.03%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	-$45.47M	-$33.95M
YoY Change
Total Liabilities & Shareholders Equity	$9.215M	$7.470M
YoY Change	23.37%	26.99%

Cashflow Statement

Concept	2024 Q3	2023 Q3
OPERATING ACTIVITIES
Net Income	-$3.930M	-$4.760M
YoY Change	-17.43%	14.06%
Depreciation, Depletion And Amortization	$107.8K	$191.0K
YoY Change	-43.59%	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

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2024Q1	us-gaap	Assets Current AssetsCurrent	3616566	usd
CY2024Q1	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	1139188	usd
CY2024Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	268075	usd
CY2024Q1	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	756084	usd
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q2
CY2024Q1	us-gaap	Common Stock Value CommonStockValue	92388	usd
CY2024Q1	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	92565513	usd
CY2024Q1	us-gaap	Preferred Stock Shares Subscribed But Unissued Value PreferredStockSharesSubscribedButUnissuedValue	99086	usd
CY2024Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-132962427	usd
CY2024Q1	us-gaap	Stockholders Equity StockholdersEquity	-40199557	usd
CY2024Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	7596791	usd
CY2024Q3	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	1344183	usd
CY2023Q3	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	386363	usd
CY2024Q1	us-gaap	Cash Cash	105926	usd
CY2024Q3	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	434043	usd
CY2023Q3	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	4796123	usd
	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--02-28
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2025
	dei	Entity Central Index Key EntityCentralIndexKey	0001498148
CY2024Q1	AITX	Shares Proceeds Receivable Current SharesProceedsReceivableCurrent		usd
CY2024Q1	AITX	Convertible Long Term Notes Receivable ConvertibleLongTermNotesReceivable		usd
CY2024Q3	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		usd
CY2024Q3	us-gaap	Temporary Equity Carrying Amount Attributable To Parent TemporaryEquityCarryingAmountAttributableToParent		usd
CY2024Q1	us-gaap	Temporary Equity Carrying Amount Attributable To Parent TemporaryEquityCarryingAmountAttributableToParent		usd
CY2024Q3	us-gaap	Preferred Stock Value PreferredStockValue		usd
CY2024Q1	us-gaap	Preferred Stock Value PreferredStockValue		usd
CY2024Q2	us-gaap	Stock Redeemed Or Called During Period Value StockRedeemedOrCalledDuringPeriodValue		usd
CY2024Q3	us-gaap	Stock Redeemed Or Called During Period Value StockRedeemedOrCalledDuringPeriodValue		usd
	AITX	Inventory Provision InventoryProvision		usd
	us-gaap	Increase Decrease In Deferred Compensation IncreaseDecreaseInDeferredCompensation		usd
	us-gaap	Payments To Acquire Intangible Assets PaymentsToAcquireIntangibleAssets		usd
	AITX	Payments To Convertible Notes Receivable PaymentsToConvertibleNotesReceivable		usd
	us-gaap	Proceeds From Issuance Of Preferred Stock And Preference Stock ProceedsFromIssuanceOfPreferredStockAndPreferenceStock		usd
	us-gaap	Payments For Repurchase Of Preferred Stock And Preference Stock PaymentsForRepurchaseOfPreferredStockAndPreferenceStock		usd
	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet		usd
	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet		usd
	AITX	Cumulative Effect Adjustment Rfvdiscount Non Cash CumulativeEffectAdjustmentRfvdiscountNonCash		usd
	AITX	Discount Added To Face Value Of Loans DiscountAddedToFaceValueOfLoans		usd
	AITX	Exchange Of Series F Preferred Stock For Note Payable ExchangeOfSeriesFPreferredStockForNotePayable		usd
	AITX	Exchange Of Note Payable For Common Stock ExchangeOfNotePayableForCommonStock		usd
	AITX	Series B Preferred Shares Issued As Dividend SeriesBPreferredSharesIssuedAsDividend		usd
	AITX	Series F Warrants Issued Along With Debt SeriesFWarrantsIssuedAlongWithDebt		usd
	us-gaap	Stock Issued1 StockIssued1		usd
CY2023Q3	AITX	Dividend On Series B Shares DividendOnSeriesBShares		shares
	AITX	Dividend On Series B Shares DividendOnSeriesBShares		shares
CY2023Q3	AITX	Deeemed Dividend On Redemption Of Series F Shares DeeemedDividendOnRedemptionOfSeriesFShares		usd
	AITX	Deeemed Dividend On Redemption Of Series F Shares DeeemedDividendOnRedemptionOfSeriesFShares		usd
CY2024Q3	us-gaap	Dilutive Securities DilutiveSecurities		usd
CY2023Q3	us-gaap	Dilutive Securities DilutiveSecurities		usd
	us-gaap	Dilutive Securities DilutiveSecurities		usd
	us-gaap	Dilutive Securities DilutiveSecurities		usd
	dei	Document Type DocumentType	10-Q
	dei	Document Quarterly Report DocumentQuarterlyReport	true
	dei	Document Period End Date DocumentPeriodEndDate	2024-08-31
	dei	Document Transition Report DocumentTransitionReport	false
	dei	Entity File Number EntityFileNumber	000-55079
	dei	Entity Registrant Name EntityRegistrantName	ARTIFICIAL INTELLIGENCE TECHNOLOGY SOLUTIONS INC.
	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	NV
	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	27-2343603
	dei	Entity Address Address Line1 EntityAddressAddressLine1	10800 Galaxie Avenue
	dei	Entity Address City Or Town EntityAddressCityOrTown	Ferndale
	dei	Entity Address State Or Province EntityAddressStateOrProvince	MI
	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	48220
	dei	City Area Code CityAreaCode	(877)
	dei	Local Phone Number LocalPhoneNumber	787-6268
	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
	dei	Entity Filer Category EntityFilerCategory	Non-accelerated Filer
	dei	Entity Small Business EntitySmallBusiness	true
	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
	dei	Entity Shell Company EntityShellCompany	false
CY2024Q3	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	11911671042	shares
CY2024Q3	us-gaap	Cash Cash	543133	usd
CY2024Q3	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	650293	usd
CY2024Q3	AITX	Shares Proceeds Receivable Current SharesProceedsReceivableCurrent	280783	usd
CY2024Q3	us-gaap	Inventory Net InventoryNet	2063229	usd
CY2024Q1	us-gaap	Inventory Net InventoryNet	2131599	usd
CY2024Q3	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	552667	usd
CY2024Q1	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	622957	usd
CY2024Q3	us-gaap	Assets Current AssetsCurrent	4090105	usd
CY2024Q3	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	1070511	usd
CY2024Q3	AITX	Accumulated Depreciation Revenue Earning Devices AccumulatedDepreciationRevenueEarningDevices	1513990	usd
CY2024Q1	AITX	Accumulated Depreciation Revenue Earning Devices AccumulatedDepreciationRevenueEarningDevices	952844	usd
CY2024Q3	AITX	Revenue Earning Robots Net Of Accumulated Depreciation RevenueEarningRobotsNetOfAccumulatedDepreciation	3649389	usd
CY2024Q1	AITX	Revenue Earning Robots Net Of Accumulated Depreciation RevenueEarningRobotsNetOfAccumulatedDepreciation	2480002	usd
CY2024Q1	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	349878	usd
CY2024Q3	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	258183	usd
CY2024Q3	AITX	Trademarks Trademarks	31224	usd
CY2024Q1	AITX	Trademarks Trademarks	27080	usd
CY2024Q3	AITX	Convertible Long Term Notes Receivable ConvertibleLongTermNotesReceivable	50000	usd
CY2024Q3	us-gaap	Equity Securities Fvni Noncurrent EquitySecuritiesFVNINoncurrent	50000	usd
CY2024Q1	us-gaap	Equity Securities Fvni Noncurrent EquitySecuritiesFVNINoncurrent	50000	usd
CY2024Q3	us-gaap	Security Deposit SecurityDeposit	15880	usd
CY2024Q1	us-gaap	Security Deposit SecurityDeposit	15880	usd
CY2024Q3	us-gaap	Assets Assets	9215292	usd
CY2024Q1	us-gaap	Assets Assets	7596791	usd
CY2024Q3	us-gaap	Accounts Payable And Accrued Liabilities Current AccountsPayableAndAccruedLiabilitiesCurrent	1882487	usd
CY2024Q1	us-gaap	Accounts Payable And Accrued Liabilities Current AccountsPayableAndAccruedLiabilitiesCurrent	2032707	usd
CY2024Q3	us-gaap	Short Term Borrowings ShortTermBorrowings	1594	usd
CY2024Q1	us-gaap	Short Term Borrowings ShortTermBorrowings	1594	usd
CY2024Q3	us-gaap	Contract With Customer Liability Current ContractWithCustomerLiabilityCurrent	363572	usd
CY2024Q1	us-gaap	Contract With Customer Liability Current ContractWithCustomerLiabilityCurrent	73702	usd
CY2024Q3	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	225348	usd
CY2024Q1	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	237653	usd
CY2024Q3	AITX	Current Portion Of Deferred Variable Payment Obligation CurrentPortionOfDeferredVariablePaymentObligation	1315264	usd
CY2024Q1	AITX	Current Portion Of Deferred Variable Payment Obligation CurrentPortionOfDeferredVariablePaymentObligation	904377	usd
CY2024Q3	AITX	Loan Payable Related Party LoanPayableRelatedParty	279589	usd
CY2024Q1	AITX	Loan Payable Related Party LoanPayableRelatedParty	257438	usd
CY2024Q3	us-gaap	Deferred Compensation Liability Current DeferredCompensationLiabilityCurrent	204091	usd
CY2024Q1	us-gaap	Deferred Compensation Liability Current DeferredCompensationLiabilityCurrent	538767	usd
CY2024Q3	AITX	Discount Of Current Portion Of Loans Payable DiscountOfCurrentPortionOfLoansPayable	88993	usd
CY2024Q1	AITX	Discount Of Current Portion Of Loans Payable DiscountOfCurrentPortionOfLoansPayable	688598	usd
CY2024Q3	us-gaap	Loans Payable Current LoansPayableCurrent	23373618	usd
CY2024Q1	us-gaap	Loans Payable Current LoansPayableCurrent	13190882	usd
CY2024Q3	AITX	Vehicle Loan Current Portion VehicleLoanCurrentPortion	38522	usd
CY2024Q1	AITX	Vehicle Loan Current Portion VehicleLoanCurrentPortion	38522	usd
CY2024Q3	AITX	Accrued Interest Payable Current AccruedInterestPayableCurrent	9396626	usd
CY2024Q1	AITX	Accrued Interest Payable Current AccruedInterestPayableCurrent	4440009	usd
CY2024Q3	us-gaap	Liabilities Current LiabilitiesCurrent	37080711	usd
CY2024Q1	us-gaap	Liabilities Current LiabilitiesCurrent	21715651	usd
CY2024Q3	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	837844	usd
CY2024Q1	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	889360	usd
CY2024Q3	AITX	Discount Of Loans Payable DiscountOfLoansPayable	413071	usd
CY2024Q1	AITX	Discount Of Loans Payable DiscountOfLoansPayable	4118332	usd
CY2024Q3	us-gaap	Long Term Loans Payable LongTermLoansPayable	9287664	usd
CY2024Q1	us-gaap	Long Term Loans Payable LongTermLoansPayable	14798532	usd
CY2024Q3	AITX	Deferred Variable Payment Obligation DeferredVariablePaymentObligation	2525000	usd
CY2024Q1	AITX	Deferred Variable Payment Obligation DeferredVariablePaymentObligation	2525000	usd
CY2024Q3	AITX	Incentive Compensation Plan Payable IncentiveCompensationPlanPayable	2500000	usd
CY2024Q1	AITX	Incentive Compensation Plan Payable IncentiveCompensationPlanPayable	2500000	usd
CY2024Q3	AITX	Accrued Interest Payable Noncurrent AccruedInterestPayableNoncurrent	2454436	usd
CY2024Q1	AITX	Accrued Interest Payable Noncurrent AccruedInterestPayableNoncurrent	5367805	usd
CY2024Q3	us-gaap	Liabilities Liabilities	54685655	usd
CY2024Q1	us-gaap	Liabilities Liabilities	47796348	usd
CY2024Q3	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	15535000	shares
CY2024Q1	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	15535000	shares
CY2024Q3	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2024Q3	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2024Q1	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2024Q1	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2024Q3	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.00001
CY2024Q1	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.00001
CY2024Q3	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	15000000000	shares
CY2024Q1	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	15000000000	shares
CY2024Q3	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	11706671042	shares
CY2024Q3	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	11706671042	shares
CY2024Q1	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	9238750958	shares
CY2024Q1	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	9238750958	shares
CY2024Q3	us-gaap	Common Stock Value CommonStockValue	117067	usd
CY2024Q3	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	99993641	usd
CY2024Q3	us-gaap	Preferred Stock Shares Subscribed But Unissued Value PreferredStockSharesSubscribedButUnissuedValue	99086	usd
CY2024Q3	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-145686020	usd
CY2024Q3	us-gaap	Stockholders Equity StockholdersEquity	-45470363	usd
CY2024Q3	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	9215292	usd
	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	2526983	usd
	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	771571	usd
CY2024Q3	us-gaap	Cost Of Revenue CostOfRevenue	784965	usd
CY2023Q3	us-gaap	Cost Of Revenue CostOfRevenue	200589	usd
	us-gaap	Cost Of Revenue CostOfRevenue	1282431	usd
	us-gaap	Cost Of Revenue CostOfRevenue	389064	usd
CY2024Q3	us-gaap	Gross Profit GrossProfit	559218	usd
CY2023Q3	us-gaap	Gross Profit GrossProfit	185774	usd
	us-gaap	Gross Profit GrossProfit	1244552	usd
	us-gaap	Gross Profit GrossProfit	382507	usd
CY2024Q3	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	677410	usd
CY2023Q3	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	794548	usd
	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	1318120	usd
	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	1686305	usd
CY2024Q3	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	2324953	usd
CY2023Q3	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	2294471	usd
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	5045144	usd
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	4414902	usd
CY2024Q3	us-gaap	Depreciation Depreciation	107762	usd
CY2023Q3	us-gaap	Depreciation Depreciation	79466	usd
	us-gaap	Depreciation Depreciation	203438	usd
	us-gaap	Depreciation Depreciation	150444	usd
CY2024Q3	us-gaap	Operating Lease Cost OperatingLeaseCost	62967	usd
CY2023Q3	us-gaap	Operating Lease Cost OperatingLeaseCost	62541	usd
	us-gaap	Operating Lease Cost OperatingLeaseCost	124980	usd
	us-gaap	Operating Lease Cost OperatingLeaseCost	125083	usd
CY2024Q3	us-gaap	Operating Expenses OperatingExpenses	3173092	usd
CY2023Q3	us-gaap	Operating Expenses OperatingExpenses	3231026	usd
	us-gaap	Operating Expenses OperatingExpenses	6691682	usd
	us-gaap	Operating Expenses OperatingExpenses	6376734	usd
CY2024Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	-2613874	usd
CY2023Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	-3045252	usd
	us-gaap	Operating Income Loss OperatingIncomeLoss	-5447130	usd
	us-gaap	Operating Income Loss OperatingIncomeLoss	-5994227	usd
CY2024Q3	us-gaap	Interest Expense Nonoperating InterestExpenseNonoperating	1309929	usd
CY2023Q3	us-gaap	Interest Expense Nonoperating InterestExpenseNonoperating	1753216	usd
	us-gaap	Interest Expense Nonoperating InterestExpenseNonoperating	2671032	usd
	us-gaap	Interest Expense Nonoperating InterestExpenseNonoperating	3359432	usd
CY2024Q3	us-gaap	Gain Loss Related To Litigation Settlement GainLossRelatedToLitigationSettlement	-6520	usd
CY2023Q3	us-gaap	Gain Loss Related To Litigation Settlement GainLossRelatedToLitigationSettlement	38740	usd
	us-gaap	Gain Loss Related To Litigation Settlement GainLossRelatedToLitigationSettlement	-6520	usd
	us-gaap	Gain Loss Related To Litigation Settlement GainLossRelatedToLitigationSettlement	38740	usd
CY2024Q3	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-1316449	usd
CY2023Q3	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-1714476	usd
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-2677552	usd
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-3320692	usd
CY2024Q3	us-gaap	Net Income Loss NetIncomeLoss	-3930323	usd
CY2023Q3	us-gaap	Net Income Loss NetIncomeLoss	-4759728	usd
	us-gaap	Net Income Loss NetIncomeLoss	-8124682	usd
	us-gaap	Net Income Loss NetIncomeLoss	-9314919	usd
CY2024Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.00
CY2023Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.00
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.00
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.00
CY2024Q3	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.00
CY2023Q3	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.00
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.00
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.00
CY2024Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	11181863976	shares
CY2023Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	6568957612	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	10531991040	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	6266833467	shares
CY2024Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	11181863976	shares
CY2023Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	6568957612	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	10531991040	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	6266833467	shares
CY2023Q1	us-gaap	Stockholders Equity StockholdersEquity	-31843001	usd
CY2023Q2	us-gaap	Payments Of Stock Issuance Costs PaymentsOfStockIssuanceCosts	81285	usd
CY2023Q2	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	1318909	usd
CY2023Q2	AITX	Relative Fair Value Of Series F Warrants Issued With Debt RelativeFairValueOfSeriesFWarrantsIssuedWithDebt	947447	usd
CY2023Q2	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	52721	usd
CY2023Q2	us-gaap	Net Income Loss NetIncomeLoss	-4555193	usd
CY2023Q2	us-gaap	Stockholders Equity StockholdersEquity	-34079117	usd
CY2023Q3	us-gaap	Payments Of Stock Issuance Costs PaymentsOfStockIssuanceCosts	176672	usd
CY2023Q3	us-gaap	Stock Issued During Period Value Issued For Services StockIssuedDuringPeriodValueIssuedForServices	44460	usd
CY2023Q3	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	50713	usd
CY2023Q3	us-gaap	Net Income Loss NetIncomeLoss	-4759728	usd
CY2023Q3	us-gaap	Stockholders Equity StockholdersEquity	-33947549	usd
CY2024Q1	us-gaap	Stockholders Equity StockholdersEquity	-40199557	usd
CY2024Q2	AITX	Cumulative Effect Adjustment Rfvdiscount CumulativeEffectAdjustmentRfvdiscount	-4175535	usd
CY2024Q2	us-gaap	Payments Of Stock Issuance Costs PaymentsOfStockIssuanceCosts	116046	usd
CY2024Q2	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	2682593	usd
CY2024Q2	AITX	Stock Issued During Period Value Shares Issued StockIssuedDuringPeriodValueSharesIssued	-82000	usd
CY2024Q2	AITX	Stock Issued During Period Value Shares Issued Commitment Fee StockIssuedDuringPeriodValueSharesIssuedCommitmentFee	-24000	usd
CY2024Q2	us-gaap	Stock Issued During Period Value Stock Dividend StockIssuedDuringPeriodValueStockDividend	2568	usd
CY2024Q2	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	83323	usd
CY2024Q2	us-gaap	Net Income Loss NetIncomeLoss	-4194359	usd
CY2024Q2	us-gaap	Stockholders Equity StockholdersEquity	-45912103	usd
CY2024Q3	us-gaap	Payments Of Stock Issuance Costs PaymentsOfStockIssuanceCosts	195656	usd
CY2024Q3	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	4491360	usd
CY2024Q3	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	4491360	usd
CY2024Q3	us-gaap	Stock Issued During Period Value Conversion Of Convertible Securities StockIssuedDuringPeriodValueConversionOfConvertibleSecurities	200000	usd
CY2024Q3	AITX	Stock Issued During Period Value Series F Preferred Shares Exchanged For Debt StockIssuedDuringPeriodValueSeriesFPreferredSharesExchangedForDebt	-400000	usd
CY2024Q3	us-gaap	Stock Issued During Period Value Stock Dividend StockIssuedDuringPeriodValueStockDividend	2620	usd
CY2024Q3	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue	83323	usd
CY2024Q3	us-gaap	Net Income Loss NetIncomeLoss	-3930323	usd
CY2024Q3	us-gaap	Stockholders Equity StockholdersEquity	-45470363	usd
	us-gaap	Net Income Loss NetIncomeLoss	-8124682	usd
	us-gaap	Net Income Loss NetIncomeLoss	-9314919	usd
	us-gaap	Depreciation And Amortization DepreciationAndAmortization	645311	usd
	us-gaap	Depreciation And Amortization DepreciationAndAmortization	358983	usd
	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	11995	usd
	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	24730	usd
	AITX	Inventory Provision InventoryProvision	111000	usd
	AITX	Reduction Of Right Of Use Asset ReductionOfRightOfUseAsset	63821	usd
	AITX	Reduction Of Right Of Use Asset ReductionOfRightOfUseAsset	58220	usd
	AITX	Accretion Of Lease Liability AccretionOfLeaseLiability	61159	usd
	AITX	Accretion Of Lease Liability AccretionOfLeaseLiability	66864	usd
	us-gaap	Share Based Compensation ShareBasedCompensation	166646	usd
	us-gaap	Share Based Compensation ShareBasedCompensation	228434	usd
	us-gaap	Amortization Of Debt Discount Premium AmortizationOfDebtDiscountPremium	129333	usd
	us-gaap	Amortization Of Debt Discount Premium AmortizationOfDebtDiscountPremium	1258198	usd
	us-gaap	Gain Loss Related To Litigation Settlement GainLossRelatedToLitigationSettlement	-6520	usd
	us-gaap	Gain Loss Related To Litigation Settlement GainLossRelatedToLitigationSettlement	38740	usd
	AITX	Increase In Related Party Accrued Payroll And Interest IncreaseInRelatedPartyAccruedPayrollAndInterest	22151	usd
	AITX	Increase In Related Party Accrued Payroll And Interest IncreaseInRelatedPartyAccruedPayrollAndInterest	54230	usd
	us-gaap	Increase Decrease In Accounts And Other Receivables IncreaseDecreaseInAccountsAndOtherReceivables	-93796	usd
	us-gaap	Increase Decrease In Accounts And Other Receivables IncreaseDecreaseInAccountsAndOtherReceivables	20377	usd
	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	-75146	usd
	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	77410	usd
	AITX	Robot Parts Inventory RobotPartsInventory	1823713	usd
	AITX	Robot Parts Inventory RobotPartsInventory	941261	usd
	us-gaap	Increase Decrease In Other Accounts Payable And Accrued Liabilities IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities	6989	usd
	us-gaap	Increase Decrease In Other Accounts Payable And Accrued Liabilities IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities	16775	usd
	us-gaap	Increase Decrease In Contract With Customer Liability IncreaseDecreaseInContractWithCustomerLiability	289870	usd
	us-gaap	Increase Decrease In Contract With Customer Liability IncreaseDecreaseInContractWithCustomerLiability	24798	usd
	us-gaap	Increase Decrease In Deferred Compensation IncreaseDecreaseInDeferredCompensation	-505000	usd
	us-gaap	Increase Decrease In Operating Lease Liability IncreaseDecreaseInOperatingLeaseLiability	-118383	usd
	us-gaap	Increase Decrease In Operating Lease Liability IncreaseDecreaseInOperatingLeaseLiability	-125083	usd
	AITX	Increase Decrease In Current Portion Of Deferred Variable Payment Obligation IncreaseDecreaseInCurrentPortionOfDeferredVariablePaymentObligation	410887	usd
	AITX	Increase Decrease In Current Portion Of Deferred Variable Payment Obligation IncreaseDecreaseInCurrentPortionOfDeferredVariablePaymentObligation	125457	usd
	us-gaap	Increase Decrease In Interest Payable Net IncreaseDecreaseInInterestPayableNet	2043248	usd
	us-gaap	Increase Decrease In Interest Payable Net IncreaseDecreaseInInterestPayableNet	1965885	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-6433906	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-6335216	usd
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	23724	usd
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	3463	usd
	us-gaap	Payments To Acquire Intangible Assets PaymentsToAcquireIntangibleAssets	4144	usd
	AITX	Payments To Convertible Notes Receivable PaymentsToConvertibleNotesReceivable	50000	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-77868	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-3463	usd
	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	6893169	usd
	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	6115032	usd
	us-gaap	Proceeds From Bank Debt ProceedsFromBankDebt	350000	usd
	us-gaap	Proceeds From Bank Debt ProceedsFromBankDebt	1050000	usd
	us-gaap	Repayments Of Bank Debt RepaymentsOfBankDebt	183000	usd
	us-gaap	Repayments Of Bank Debt RepaymentsOfBankDebt	254000	usd
	us-gaap	Proceeds From Issuance Of Preferred Stock And Preference Stock ProceedsFromIssuanceOfPreferredStockAndPreferenceStock	278000	usd
	us-gaap	Payments For Repurchase Of Preferred Stock And Preference Stock PaymentsForRepurchaseOfPreferredStockAndPreferenceStock	389188	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	6948981	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	6911032	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	437207	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	572353	usd
CY2024Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	105926	usd
CY2023Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	939759	usd
CY2024Q3	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	543133	usd
CY2023Q3	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	1512112	usd
	us-gaap	Interest Paid Net InterestPaidNet	185705	usd
	us-gaap	Interest Paid Net InterestPaidNet	9892	usd
	AITX	Transfer From Device Parts Inventory To Revenue TransferFromDevicePartsInventoryToRevenue	-1781083	usd
	AITX	Transfer From Device Parts Inventory To Revenue TransferFromDevicePartsInventoryToRevenue	-889230	usd
	AITX	Cumulative Effect Adjustment Rfvdiscount Non Cash CumulativeEffectAdjustmentRfvdiscountNonCash	-4175535	usd
	AITX	Discount Added To Face Value Of Loans DiscountAddedToFaceValueOfLoans	-150000	usd
	AITX	Exchange Of Series F Preferred Stock For Note Payable ExchangeOfSeriesFPreferredStockForNotePayable	400000	usd
	AITX	Exchange Of Note Payable For Common Stock ExchangeOfNotePayableForCommonStock	200000	usd
	AITX	Series B Preferred Shares Issued As Dividend SeriesBPreferredSharesIssuedAsDividend	5188	usd
	AITX	Series F Warrants Issued Along With Debt SeriesFWarrantsIssuedAlongWithDebt	947447	usd
	us-gaap	Stock Issued1 StockIssued1	44460	usd
	us-gaap	Nature Of Operations NatureOfOperations	<p id="xdx_80A_eus-gaap--NatureOfOperations_zEZLWNhTBkzc" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>1. <span id="xdx_824_z9jNCXCgJcnk">GENERAL INFORMATION</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">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”).</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">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_907_eus-gaap--CommonStockSharesIssued_iI_c20170725__us-gaap--BusinessAcquisitionAxis__custom--RoboticAssistanceDevicesLLCMember_z4jNmNcjODDc" title="Common stock, issued">10,000</span> common shares to its sole shareholder.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">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_90B_eus-gaap--BusinessAcquisitionEquityInterestsIssuedOrIssuableNumberOfSharesIssued_c20170827__20170828__us-gaap--BusinessAcquisitionAxis__custom--RoboticAssistanceDevicesLLCMember__us-gaap--StatementClassOfStockAxis__us-gaap--SeriesEPreferredStockMember_zGRuII1FgXC1" title="Number of shares isuued under acquisition">3,350,000</span> shares of AITX Series E Preferred Stock and <span id="xdx_907_eus-gaap--BusinessAcquisitionEquityInterestsIssuedOrIssuableNumberOfSharesIssued_c20170827__20170828__us-gaap--BusinessAcquisitionAxis__custom--RoboticAssistanceDevicesLLCMember__us-gaap--StatementClassOfStockAxis__us-gaap--SeriesFPreferredStockMember_zG0Gmb6taCp2" 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.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">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.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-6433906	usd
CY2024Q3	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-145686020	usd
CY2024Q3	AITX	Working Capital WorkingCapital	-32990606	usd
CY2024Q3	us-gaap	Common Stocks Including Additional Paid In Capital Net Of Discount CommonStocksIncludingAdditionalPaidInCapitalNetOfDiscount	29000000	usd
	us-gaap	Use Of Estimates UseOfEstimates	<p id="xdx_848_eus-gaap--UseOfEstimates_zWw6Q7XnPpDg" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i><span id="xdx_864_z3TB24qnxgv7">Use of Estimates</span></i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">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.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
	us-gaap	Prior Period Reclassification Adjustment Description PriorPeriodReclassificationAdjustmentDescription	<p id="xdx_84F_eus-gaap--PriorPeriodReclassificationAdjustmentDescription_zBMDbS4mE4K8" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i><span id="xdx_866_zeMHPBUGOMki">Reclassifications</span></i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Certain amounts in the Company’s consolidated financial statements for prior periods have been reclassified to conform to the current period presentation. These reclassifications have not changed the results of operations of prior periods.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i> </i></b></span></p>
	us-gaap	Concentration Risk Credit Risk ConcentrationRiskCreditRisk	<p id="xdx_84A_eus-gaap--ConcentrationRiskCreditRisk_zShbxgvdv1D5" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i><span id="xdx_86D_zFIQKqelHkL7">Concentrations</span></i></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i>Loans payable </i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">At August 31, 2024 there were $<span id="xdx_900_eus-gaap--LoansPayable_iI_pp0p0_c20240831_zE1l8LjGTCgf" title="Loans payable">33,163,345</span> of loans payable, $<span id="xdx_90E_eus-gaap--LoanPortfolioExpense_pp0p0_c20240301__20240831__srt--TitleOfIndividualAxis__srt--ControllerMember_z5J1bBRSqrvc" title="Loans additions">28,743,506</span> or <span id="xdx_90C_eus-gaap--LoansReceivableBasisSpreadOnVariableRate_iI_pid_dp_c20240831__srt--TitleOfIndividualAxis__srt--ControllerMember_zdfQtmQCDIij" title="Loans percentage">87</span>% of these loans to companies controlled by one individual. At February 29, 2024 there were $<span id="xdx_90D_eus-gaap--LoansPayable_iI_pp0p0_c20240229_z7lLQRsn6nDj" title="Loans payable">32,796,345</span> of loans payable, $<span id="xdx_909_eus-gaap--LoanPortfolioExpense_pp0p0_c20230301__20240229__srt--TitleOfIndividualAxis__srt--ControllerMember_zSJ7KjTFQo6" title="Loans additions">28,540,506</span> or <span id="xdx_909_eus-gaap--LoansReceivableBasisSpreadOnVariableRate_iI_dp_uPure_c20240229__srt--TitleOfIndividualAxis__srt--ControllerMember_zRQQUNyKirV1" title="Loans percentage">87</span>% of these loans to companies controlled by the same individual.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2024Q3	us-gaap	Loans Payable LoansPayable	33163345	usd
CY2024Q1	us-gaap	Loans Payable LoansPayable	32796345	usd
CY2024Q3	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	48000	usd
CY2024Q1	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	68000	usd
CY2024Q3	us-gaap	Inventory Valuation Reserves InventoryValuationReserves	1070000	usd
CY2024Q1	us-gaap	Inventory Valuation Reserves InventoryValuationReserves	959000	usd
CY2024Q3	us-gaap	Intermediate Life Plants Useful Life IntermediateLifePlantsUsefulLife	P48M
CY2024Q3	us-gaap	Deferred Tax Liabilities Deferred Expense Capitalized Research And Development Costs DeferredTaxLiabilitiesDeferredExpenseCapitalizedResearchAndDevelopmentCosts	0	usd
CY2024Q1	us-gaap	Deferred Tax Liabilities Deferred Expense Capitalized Research And Development Costs DeferredTaxLiabilitiesDeferredExpenseCapitalizedResearchAndDevelopmentCosts	0	usd
	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%.
CY2024Q3	AITX	Incentives Compensation Plan Payable Revaluation Of Equity IncentivesCompensationPlanPayableRevaluationOfEquity	2500000	usd
CY2024Q1	AITX	Incentives Compensation Plan Payable Revaluation Of Equity IncentivesCompensationPlanPayableRevaluationOfEquity	2500000	usd
CY2024Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	4175535	usd
CY2024Q3	AITX	Revenue From Device Rental Activities RevenueFromDeviceRentalActivities	1065898	usd
CY2023Q3	AITX	Revenue From Device Rental Activities RevenueFromDeviceRentalActivities	343543	usd
	AITX	Revenue From Device Rental Activities RevenueFromDeviceRentalActivities	2046434	usd
	AITX	Revenue From Device Rental Activities RevenueFromDeviceRentalActivities	581692	usd
CY2024Q3	AITX	Revenue From Direct Sales Of Goods And Services RevenueFromDirectSalesOfGoodsAndServices	278285	usd
CY2023Q3	AITX	Revenue From Direct Sales Of Goods And Services RevenueFromDirectSalesOfGoodsAndServices	42820	usd
	AITX	Revenue From Direct Sales Of Goods And Services RevenueFromDirectSalesOfGoodsAndServices	480549	usd
	AITX	Revenue From Direct Sales Of Goods And Services RevenueFromDirectSalesOfGoodsAndServices	189879	usd
CY2024Q3	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	1344183	usd
CY2023Q3	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	386363	usd
	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	2526983	usd
	us-gaap	Revenue From Contract With Customer Excluding Assessed Tax RevenueFromContractWithCustomerExcludingAssessedTax	771571	usd
CY2024Q3	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P12M
CY2024Q3	AITX	Operating Lease Assets OperatingLeaseAssets	1070511	usd
CY2024Q1	AITX	Operating Lease Assets OperatingLeaseAssets	1139188	usd
CY2024Q3	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	225348	usd
CY2024Q1	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	237653	usd
CY2024Q3	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	837844	usd
CY2024Q1	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	889360	usd
CY2024Q3	us-gaap	Operating Lease Liability OperatingLeaseLiability	1063192	usd
CY2024Q1	us-gaap	Operating Lease Liability OperatingLeaseLiability	1127013	usd
CY2024Q3	AITX	Incremental Borrowing Rate IncrementalBorrowingRate	0.10	pure
CY2024Q3	us-gaap	Payments For Rent PaymentsForRent	62967	usd
	us-gaap	Payments For Rent PaymentsForRent	124980	usd
CY2023Q3	us-gaap	Payments For Rent PaymentsForRent	62541	usd
	us-gaap	Payments For Rent PaymentsForRent	125083	usd
CY2024Q3	us-gaap	Property Plant And Equipment Other PropertyPlantAndEquipmentOther	5163379	usd
CY2024Q1	us-gaap	Property Plant And Equipment Other PropertyPlantAndEquipmentOther	3432846	usd
CY2024Q3	us-gaap	Property Plant And Equipment Other Accumulated Depreciation PropertyPlantAndEquipmentOtherAccumulatedDepreciation	1513990	usd
CY2024Q1	us-gaap	Property Plant And Equipment Other Accumulated Depreciation PropertyPlantAndEquipmentOtherAccumulatedDepreciation	952844	usd
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CY2024Q1	us-gaap	Property Plant And Equipment Other Net PropertyPlantAndEquipmentOtherNet	2480002	usd
CY2024Q3	us-gaap	Cost Of Goods And Services Sold Depreciation And Amortization CostOfGoodsAndServicesSoldDepreciationAndAmortization	240000	usd
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	us-gaap	Cost Of Goods And Services Sold Depreciation And Amortization CostOfGoodsAndServicesSoldDepreciationAndAmortization	441873	usd
	us-gaap	Cost Of Goods And Services Sold Depreciation And Amortization CostOfGoodsAndServicesSoldDepreciationAndAmortization	208539	usd
CY2024Q3	us-gaap	Other Cost And Expense Operating OtherCostAndExpenseOperating	64918	usd
CY2023Q3	us-gaap	Other Cost And Expense Operating OtherCostAndExpenseOperating	30039	usd
	us-gaap	Other Cost And Expense Operating OtherCostAndExpenseOperating	119273	usd
	us-gaap	Other Cost And Expense Operating OtherCostAndExpenseOperating	55916	usd
CY2024Q3	us-gaap	Other Depreciation And Amortization OtherDepreciationAndAmortization	304918	usd
CY2023Q3	us-gaap	Other Depreciation And Amortization OtherDepreciationAndAmortization	141614	usd
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	us-gaap	Other Depreciation And Amortization OtherDepreciationAndAmortization	264455	usd
CY2024Q3	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	692226	usd
CY2024Q1	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	617953	usd
CY2024Q3	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	434043	usd
CY2024Q1	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	349878	usd
CY2024Q3	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	258183	usd
CY2024Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	268075	usd
CY2024Q3	us-gaap	Other Long Term Debt OtherLongTermDebt	1315264	usd
CY2024Q3	us-gaap	Debt Default Longterm Debt Amount DebtDefaultLongtermDebtAmount	667633	usd
CY2024Q1	us-gaap	Other Long Term Debt OtherLongTermDebt	904377	usd
CY2024Q1	us-gaap	Debt Default Longterm Debt Amount DebtDefaultLongtermDebtAmount	542176	usd
CY2021Q1	us-gaap	Equity Method Investment Aggregate Cost EquityMethodInvestmentAggregateCost	1925000	usd
CY2023Q3	AITX	Deferred Payment Obligation Receive DeferredPaymentObligationReceive	0	usd
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	us-gaap	Interest And Debt Expense InterestAndDebtExpense	41549	usd
CY2024	us-gaap	Interest And Debt Expense InterestAndDebtExpense	32468	usd
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CY2023Q3	us-gaap	Professional Fees ProfessionalFees	777260	usd
	us-gaap	Professional Fees ProfessionalFees	1289830	usd
	us-gaap	Professional Fees ProfessionalFees	1659275	usd
CY2022Q1	us-gaap	Long Term Debt Fair Value LongTermDebtFairValue	0	usd
CY2021Q1	us-gaap	Long Term Debt Fair Value LongTermDebtFairValue	0	usd
CY2024Q3	us-gaap	Debt Instrument Face Amount DebtInstrumentFaceAmount	33163346	usd
CY2024Q3	AITX	Long Term Notes Payable Non Current LongTermNotesPayableNonCurrent	-23462611	usd
CY2024Q3	AITX	Discount On Long Term Notes Payable Non Current DiscountOnLongTermNotesPayableNonCurrent	-413071	usd
CY2024Q3	us-gaap	Long Term Notes Payable LongTermNotesPayable	9287664	usd
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CY2024Q2	us-gaap	Dividends Preferred Stock Stock DividendsPreferredStockStock	5188	usd
CY2024Q2	us-gaap	Dividends Preferred Stock Stock DividendsPreferredStockStock	5188	usd
CY2024Q3	us-gaap	Dividends Preferred Stock Stock DividendsPreferredStockStock	5188	usd
CY2024Q2	us-gaap	Stock Redeemed Or Called During Period Shares StockRedeemedOrCalledDuringPeriodShares	324	shares
CY2024Q2	us-gaap	Stock Redeemed Or Called During Period Shares StockRedeemedOrCalledDuringPeriodShares	324	shares
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CY2024Q2	us-gaap	Stock Redeemed Or Called During Period Value StockRedeemedOrCalledDuringPeriodValue	389189	usd
CY2024Q2	us-gaap	Stock Redeemed Or Called During Period Value StockRedeemedOrCalledDuringPeriodValue	389189	usd
CY2024Q3	us-gaap	Stock Redeemed Or Called During Period Value StockRedeemedOrCalledDuringPeriodValue	389189	usd
CY2024Q2	AITX	Deemed Dividends DeemedDividends	89189	usd
CY2024Q2	AITX	Deemed Dividends DeemedDividends	89189	usd
CY2024Q3	AITX	Deemed Dividends DeemedDividends	89189	usd
	AITX	Deeemed Dividend On Redemption Of Series F Shares DeeemedDividendOnRedemptionOfSeriesFShares	-334187	usd
	us-gaap	Stock Issued During Period Shares New Issues StockIssuedDuringPeriodSharesNewIssues	2410777227	shares
CY2024Q3	AITX	Rent Expense And Operating Lease Cost RentExpenseAndOperatingLeaseCost	62967	usd
	AITX	Rent Expense And Operating Lease Cost RentExpenseAndOperatingLeaseCost	124980	usd
CY2023Q3	AITX	Rent Expense And Operating Lease Cost RentExpenseAndOperatingLeaseCost	62541	usd
	AITX	Rent Expense And Operating Lease Cost RentExpenseAndOperatingLeaseCost	125083	usd
CY2024Q3	us-gaap	Lessee Operating Lease Liability Payments Due Next Twelve Months LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths	225348	usd
CY2024Q3	us-gaap	Lessee Operating Lease Liability Payments Due Year Two LesseeOperatingLeaseLiabilityPaymentsDueYearTwo	225348	usd
CY2024Q3	us-gaap	Lessee Operating Lease Liability Payments Due Year Three LesseeOperatingLeaseLiabilityPaymentsDueYearThree	214970	usd
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CY2024Q3	us-gaap	Lessee Operating Lease Liability Payments Due Year Five LesseeOperatingLeaseLiabilityPaymentsDueYearFive	207558	usd
CY2024Q3	us-gaap	Lessee Operating Lease Liability Payments Due After Year Five LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive	345930	usd
CY2024Q3	us-gaap	Lessee Operating Lease Liability Payments Due LesseeOperatingLeaseLiabilityPaymentsDue	1426712	usd
CY2024Q3	us-gaap	Lessee Operating Lease Liability Undiscounted Excess Amount LesseeOperatingLeaseLiabilityUndiscountedExcessAmount	363520	usd
CY2024Q3	us-gaap	Operating Lease Liability OperatingLeaseLiability	1063192	usd
CY2024Q3	us-gaap	Net Income Loss NetIncomeLoss	-3930323	usd
CY2023Q3	us-gaap	Net Income Loss NetIncomeLoss	-4759728	usd
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CY2024Q3	AITX	Dividend On Series B Shares DividendOnSeriesBShares	-60833	shares
	AITX	Dividend On Series B Shares DividendOnSeriesBShares	-89689	shares
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	AITX	Deeemed Dividend On Redemption Of Series F Shares DeeemedDividendOnRedemptionOfSeriesFShares	-334187	usd
CY2024Q3	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-4325343	usd
CY2023Q3	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-4759728	usd
	us-gaap	Net Income Loss Available To Common Stockholders Basic NetIncomeLossAvailableToCommonStockholdersBasic	-8548558	usd
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CY2024Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	11181863976	shares
CY2023Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	6568957612	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	10531991040	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	6266833467	shares
CY2024Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.00
CY2023Q3	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.00
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.00
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.00
CY2024Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	11181863976	shares
CY2023Q3	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	6568957612	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	10531991040	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	6266833467	shares
CY2024Q3	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.00
CY2023Q3	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.00
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.00
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.00
CY2024Q3	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	40874266762	shares
CY2023Q3	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	40874266762	shares
	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	24720755887	shares

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$AITX
Artificial Intelligence Technology Solutions Inc. Stock $aitx

2024 Q3 Form 10-Q Financial Statement

#000149315224041126 Filed on October 15, 2024

Income Statement

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$AITX Artificial Intelligence Technology Solutions Inc. Stock $aitx

2024 Q3 Form 10-Q Financial Statement

#000149315224041126 Filed on October 15, 2024

Income Statement

Balance Sheet

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Facts In Submission

Files In Submission

$AITX
Artificial Intelligence Technology Solutions Inc. Stock $aitx