$AUSI
AURA SYSTEMS INC Stock $ausi

$ausi Overview Financials Valuation SEC Filings Company Website

2024 Q3 Form 10-Q Financial Statement

#000101376224000546 Filed on July 22, 2024

Income Statement

Concept	2024 Q3	2024 Q2	2024 Q1
Revenue	$3.000K	$47.00K	$56.00K
YoY Change		370.0%	8932.26%
Cost Of Revenue	-$18.00K	-$47.00K	$70.00K
YoY Change	-122.5%	-413.33%	117.59%
Gross Profit	$21.00K		-$14.00K
YoY Change	-126.25%		-55.63%
Gross Profit Margin	700.0%		-25.0%
Selling, General & Admin	$2.255M	$374.0K	$1.873M
YoY Change	559.36%	-26.38%	208.3%
% of Gross Profit	10738.1%
Research & Development	$239.0K	$310.0K	$750.0K
YoY Change	-16.72%	49.76%	256.58%
% of Gross Profit	1138.1%
Depreciation & Amortization	$40.00K	$25.00K	$26.00K
YoY Change	53.85%	-3.85%	25.73%
% of Gross Profit	190.48%
Operating Expenses	$2.494M	$684.0K	$2.623M
YoY Change	296.5%	-4.34%	220.72%
Operating Profit	-$2.473M	-$684.0K	-$2.637M
YoY Change	248.8%	-5.0%	210.45%
Interest Expense	$289.0K	$275.0K	-$1.456M
YoY Change	-29.85%	-35.75%	-7113.49%
% of Operating Profit
Other Income/Expense, Net		$2.000K	$441.0K
YoY Change		-71.43%	44000.0%
Pretax Income	-$6.390M	-$15.26M	-$4.216M
YoY Change	470.54%	1237.42%	409.4%
Income Tax
% Of Pretax Income
Net Earnings	-$6.390M	-$15.26M	-$4.216M
YoY Change	470.54%	1237.25%	409.4%
Net Earnings / Revenue	-213000.0%	-32463.83%	-7528.57%
Basic Earnings Per Share	-$0.06	-$0.14
Diluted Earnings Per Share	-$0.06	-$0.14	-$0.04
COMMON SHARES
Basic Shares Outstanding	111.5M shares	109.0M shares	102.0M shares
Diluted Shares Outstanding	111.4M shares	106.1M shares

Balance Sheet

Concept	2024 Q3	2024 Q2	2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$15.00K	$297.0K	$124.0K
YoY Change	-71.15%	494.0%	726.67%
Cash & Equivalents	$15.00K	$297.0K	$124.0K
Short-Term Investments
Other Short-Term Assets	$83.00K	$140.0K	$175.0K
YoY Change	196.43%	8.53%	23.24%
Inventory	$33.00K		$20.00K
Prepaid Expenses
Receivables	$16.00K	$15.00K
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$147.0K	$452.0K	$319.0K
YoY Change	-18.78%	32.55%	2.24%
LONG-TERM ASSETS
Property, Plant & Equipment	$701.0K	$710.0K	$378.0K
YoY Change	63.02%	55.02%	-18.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$160.0K	$160.0K	$160.0K
YoY Change	0.0%	0.0%	0.0%
Total Long-Term Assets	$1.357M	$1.429M	$1.145M
YoY Change	3.83%	3.18%	-20.32%
TOTAL ASSETS
Total Short-Term Assets	$147.0K	$452.0K	$319.0K
Total Long-Term Assets	$1.357M	$1.429M	$1.145M
Total Assets	$1.504M	$1.881M	$1.464M
YoY Change	1.08%	8.98%	-16.3%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$2.398M	$2.407M	$2.625M
YoY Change	-8.51%	-12.85%	13.29%
Accrued Expenses	$2.246M	$1.948M	$2.598M
YoY Change	5.5%	8.58%	41.97%
Deferred Revenue
YoY Change
Short-Term Debt	$6.533M	$5.783M	$4.528M
YoY Change
Long-Term Debt Due	$927.0K	$945.0K	$4.751M
YoY Change	-89.94%	-89.74%	-48.41%
Total Short-Term Liabilities	$33.35M	$28.70M	$15.19M
YoY Change	127.89%	98.88%	8.28%
LONG-TERM LIABILITIES
Long-Term Debt	$7.656M	$8.449M	$7.374M
YoY Change	6.07%	16.73%	0.72%
Other Long-Term Liabilities	$268.0K	$358.0K	$423.0K
YoY Change	-50.83%	-40.63%	-35.91%
Total Long-Term Liabilities	$7.924M	$8.807M	$7.797M
YoY Change	2.07%	12.32%	-2.31%
TOTAL LIABILITIES
Total Short-Term Liabilities	$33.35M	$28.70M	$15.19M
Total Long-Term Liabilities	$7.924M	$8.807M	$7.797M
Total Liabilities	$41.27M	$37.51M	$22.98M
YoY Change	84.28%	68.41%	4.44%
SHAREHOLDERS EQUITY
Retained Earnings	-$500.6M	-$494.2M	-$479.0M
YoY Change	4.95%	3.85%	0.89%
Common Stock	$460.9M	$458.6M	$457.5M
YoY Change	4608580.0%	5095688.89%	5082900.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	-$39.77M	-$35.63M	-$21.50M
YoY Change
Total Liabilities & Shareholders Equity	$1.504M	$1.881M	$1.464M
YoY Change	1.08%	8.98%	-16.3%

Cashflow Statement

Concept	2024 Q3	2024 Q2	2024 Q1
OPERATING ACTIVITIES
Net Income	-$6.390M	-$15.26M	-$4.216M
YoY Change	470.54%	1237.25%	409.4%
Depreciation, Depletion And Amortization	$40.00K	$25.00K	$26.00K
YoY Change	53.85%	-3.85%	25.73%
Cash From Operating Activities	-$835.0K	-$784.0K	-$817.0K
YoY Change	13.61%	-1.63%	-5.99%
INVESTING ACTIVITIES
Capital Expenditures	$31.00K	$36.00K	-$1.000K
YoY Change	-3200.0%	3500.0%	426.32%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities	-$31.00K	-$36.00K	$1.000K
YoY Change	-3200.0%	3500.0%	426.32%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	584.0K	$993.0K	895.0K
YoY Change	-20.65%	19.21%	37.66%
NET CHANGE
Cash From Operating Activities	-835.0K	-$784.0K	-817.0K
Cash From Investing Activities	-31.00K	-$36.00K	1.000K
Cash From Financing Activities	584.0K	$993.0K	895.0K
Net Change In Cash	-282.0K	$173.0K	79.00K
YoY Change	-14200.0%	380.56%	-136.13%
FREE CASH FLOW
Cash From Operating Activities	-$835.0K	-$784.0K	-$817.0K
Capital Expenditures	$31.00K	$36.00K	-$1.000K
Free Cash Flow	-$866.0K	-$820.0K	-$816.0K
YoY Change	17.98%	2.76%	-6.08%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2023Q2	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt		usd
CY2024Q2	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		usd
CY2024Q1	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		usd
CY2024Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	106140039	shares
CY2024Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.14
CY2023Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	96036536	shares
CY2023Q2	us-gaap	Income Taxes Paid IncomeTaxesPaid		usd
CY2024Q2	dei	Document Type DocumentType	10-Q
CY2024Q2	dei	Document Quarterly Report DocumentQuarterlyReport	true
CY2024Q2	dei	Document Period End Date DocumentPeriodEndDate	2024-05-31
CY2024Q2	dei	Document Transition Report DocumentTransitionReport	false
CY2024Q2	dei	Entity Registrant Name EntityRegistrantName	AURA SYSTEMS, INC.
CY2024Q2	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	DE
CY2024Q2	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	95-4106894
CY2024Q2	dei	Entity Address Address Line1 EntityAddressAddressLine1	20431 North Sea Circle
CY2024Q2	dei	Entity Address City Or Town EntityAddressCityOrTown	Lake Forest
CY2024Q2	dei	Entity Address State Or Province EntityAddressStateOrProvince	CA
CY2024Q2	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	92630
CY2024Q2	dei	City Area Code CityAreaCode	(310)
CY2024Q2	dei	Local Phone Number LocalPhoneNumber	643-5300
CY2024Q2	dei	Entity Filer Category EntityFilerCategory	Non-accelerated Filer
CY2024Q2	dei	Entity Small Business EntitySmallBusiness	true
CY2024Q2	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
CY2024Q2	dei	Entity Shell Company EntityShellCompany	false
CY2024Q3	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	111527248	shares
CY2024Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	297000	usd
CY2024Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	124000	usd
CY2024Q2	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	15000	usd
CY2024Q1	us-gaap	Inventory Net InventoryNet	20000	usd
CY2024Q2	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	140000	usd
CY2024Q1	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	175000	usd
CY2024Q2	us-gaap	Assets Current AssetsCurrent	452000	usd
CY2024Q1	us-gaap	Assets Current AssetsCurrent	319000	usd
CY2024Q2	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	710000	usd
CY2024Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	378000	usd
CY2024Q2	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	559000	usd
CY2024Q1	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	607000	usd
CY2024Q2	us-gaap	Deposits Assets Noncurrent DepositsAssetsNoncurrent	160000	usd
CY2024Q1	us-gaap	Deposits Assets Noncurrent DepositsAssetsNoncurrent	160000	usd
CY2024Q2	us-gaap	Assets Assets	1881000	usd
CY2024Q1	us-gaap	Assets Assets	1464000	usd
CY2024Q2	us-gaap	Accounts Payable And Accrued Liabilities Current AccountsPayableAndAccruedLiabilitiesCurrent	2407000	usd
CY2024Q1	us-gaap	Accounts Payable And Accrued Liabilities Current AccountsPayableAndAccruedLiabilitiesCurrent	2625000	usd
CY2024Q2	us-gaap	Interest Payable Current InterestPayableCurrent	1702000	usd
CY2024Q1	us-gaap	Interest Payable Current InterestPayableCurrent	2598000	usd
CY2024Q2	us-gaap	Customer Advances Current CustomerAdvancesCurrent	447000	usd
CY2024Q1	us-gaap	Customer Advances Current CustomerAdvancesCurrent	447000	usd
CY2024Q2	us-gaap	Notes Payable To Bank Current NotesPayableToBankCurrent	163000	usd
CY2024Q1	us-gaap	Notes Payable To Bank Current NotesPayableToBankCurrent	119000	usd
CY2024Q2	us-gaap	Convertible Notes Payable Current ConvertibleNotesPayableCurrent	1513000	usd
CY2024Q1	us-gaap	Convertible Notes Payable Current ConvertibleNotesPayableCurrent	1508000	usd
CY2024Q2	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	246000	usd
CY2024Q1	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	238000	usd
CY2024Q2	us-gaap	Derivative Liabilities Current DerivativeLiabilitiesCurrent	17171000	usd
CY2024Q2	us-gaap	Liabilities Current LiabilitiesCurrent	28701000	usd
CY2024Q1	us-gaap	Liabilities Current LiabilitiesCurrent	15187000	usd
CY2024Q2	us-gaap	Long Term Notes Payable LongTermNotesPayable	438000	usd
CY2024Q1	us-gaap	Long Term Notes Payable LongTermNotesPayable	286000	usd
CY2024Q2	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	358000	usd
CY2024Q1	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	423000	usd
CY2024Q2	us-gaap	Liabilities Liabilities	37508000	usd
CY2024Q1	us-gaap	Liabilities Liabilities	22984000	usd
CY2024Q2	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.0001
CY2024Q1	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.0001
CY2024Q2	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	150000000	shares
CY2024Q1	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	150000000	shares
CY2024Q2	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	109047248	shares
CY2024Q2	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	109047248	shares
CY2024Q1	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	104591648	shares
CY2024Q1	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	104591648	shares
CY2024Q2	us-gaap	Common Stock Value CommonStockValue	11000	usd
CY2024Q1	us-gaap	Common Stock Value CommonStockValue	10000	usd
CY2024Q2	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	458610000	usd
CY2024Q1	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	457460000	usd
CY2024Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-494248000	usd
CY2024Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-478990000	usd
CY2024Q2	us-gaap	Stockholders Equity StockholdersEquity	-35627000	usd
CY2024Q1	us-gaap	Stockholders Equity StockholdersEquity	-21520000	usd
CY2024Q2	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	1881000	usd
CY2024Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	1464000	usd
CY2024Q2	us-gaap	Revenues Revenues	47000	usd
CY2023Q2	us-gaap	Revenues Revenues	10000	usd
CY2024Q2	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	-47000	usd
CY2023Q2	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	15000	usd
CY2023Q2	us-gaap	Gross Profit GrossProfit	-5000	usd
CY2024Q2	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	310000	usd
CY2023Q2	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	207000	usd
CY2024Q2	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	374000	usd
CY2023Q2	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	508000	usd
CY2024Q2	us-gaap	Operating Expenses OperatingExpenses	684000	usd
CY2023Q2	us-gaap	Operating Expenses OperatingExpenses	715000	usd
CY2024Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	-684000	usd
CY2023Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	-720000	usd
CY2024Q2	us-gaap	Interest Expense InterestExpense	275000	usd
CY2023Q2	us-gaap	Interest Expense InterestExpense	428000	usd
CY2024Q2	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	-19324000	usd
CY2024Q2	ausi	Change In Fair Value Derivative Liability ChangeInFairValueDerivativeLiability	-5023000	usd
CY2024Q2	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	2000	usd
CY2023Q2	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	7000	usd
CY2024Q2	us-gaap	Net Income Loss NetIncomeLoss	-15258000	usd
CY2023Q2	us-gaap	Net Income Loss NetIncomeLoss	-1141000	usd
CY2024Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.14
CY2023Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.01
CY2024Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	106140039	shares
CY2023Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	96036536	shares
CY2023Q1	us-gaap	Stockholders Equity StockholdersEquity	-20258000	usd
CY2023Q2	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	853000	usd
CY2023Q2	us-gaap	Net Income Loss NetIncomeLoss	-1141000	usd
CY2023Q2	us-gaap	Stockholders Equity StockholdersEquity	-20546000	usd
CY2024Q1	us-gaap	Stockholders Equity StockholdersEquity	-21520000	usd
CY2024Q2	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	1117000	usd
CY2024Q2	us-gaap	Adjustments To Additional Paid In Capital Warrant Issued AdjustmentsToAdditionalPaidInCapitalWarrantIssued	33000	usd
CY2024Q2	us-gaap	Net Income Loss NetIncomeLoss	-15258000	usd
CY2024Q2	us-gaap	Stockholders Equity StockholdersEquity	-35627000	usd
CY2024Q2	us-gaap	Net Income Loss NetIncomeLoss	-15258000	usd
CY2023Q2	us-gaap	Net Income Loss NetIncomeLoss	-1141000	usd
CY2024Q2	us-gaap	Depreciation And Amortization DepreciationAndAmortization	25000	usd
CY2023Q2	us-gaap	Depreciation And Amortization DepreciationAndAmortization	26000	usd
CY2024Q2	us-gaap	Inventory Write Down InventoryWriteDown	20000	usd
CY2024Q2	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	-19324000	usd
CY2024Q2	us-gaap	Fair Value Adjustment Of Warrants FairValueAdjustmentOfWarrants	-5023000	usd
CY2023Q2	us-gaap	Fair Value Adjustment Of Warrants FairValueAdjustmentOfWarrants	-7000	usd
CY2024Q2	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	15000	usd
CY2023Q2	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	7000	usd
CY2024Q2	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-35000	usd
CY2023Q2	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	9000	usd
CY2024Q2	ausi	Increase Decrease In Operating Lease Rightofuse Asset IncreaseDecreaseInOperatingLeaseRightofuseAsset	-48000	usd
CY2023Q2	ausi	Increase Decrease In Operating Lease Rightofuse Asset IncreaseDecreaseInOperatingLeaseRightofuseAsset	-49000	usd
CY2024Q2	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-218000	usd
CY2023Q2	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-3000	usd
CY2024Q2	us-gaap	Increase Decrease In Accrued Liabilities And Other Operating Liabilities IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities	335000	usd
CY2023Q2	us-gaap	Increase Decrease In Accrued Liabilities And Other Operating Liabilities IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities	345000	usd
CY2024Q2	us-gaap	Increase Decrease In Operating Lease Liability IncreaseDecreaseInOperatingLeaseLiability	-57000	usd
CY2023Q2	us-gaap	Increase Decrease In Operating Lease Liability IncreaseDecreaseInOperatingLeaseLiability	-50000	usd
CY2024Q2	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-784000	usd
CY2023Q2	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-797000	usd
CY2024Q2	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	36000	usd
CY2023Q2	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	1000	usd
CY2024Q2	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-36000	usd
CY2023Q2	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-1000	usd
CY2024Q2	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	1117000	usd
CY2023Q2	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	853000	usd
CY2024Q2	us-gaap	Repayments Of Notes Payable RepaymentsOfNotesPayable	124000	usd
CY2023Q2	us-gaap	Repayments Of Notes Payable RepaymentsOfNotesPayable	20000	usd
CY2024Q2	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	993000	usd
CY2023Q2	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	833000	usd
CY2024Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect	173000	usd
CY2023Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect	35000	usd
CY2024Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	124000	usd
CY2023Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	15000	usd
CY2024Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	297000	usd
CY2023Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	50000	usd
CY2023Q2	us-gaap	Interest Paid Net InterestPaidNet	67000	usd
CY2024Q2	ausi	Fair Value Of Modified Warrants Related Party FairValueOfModifiedWarrantsRelatedParty	33000	usd
CY2024Q2	ausi	Notes Payable Issued For The Purchase Of Property And Equipment NotesPayableIssuedForThePurchaseOfPropertyAndEquipment	321000	usd
CY2024Q2	ausi	Fair Value Of Warrants Issued For Note Payable FairValueOfWarrantsIssuedForNotePayable	9261000	usd
CY2024Q2	ausi	Extinguishment Of Note Payable And Accrued Interest Related Party ExtinguishmentOfNotePayableAndAccruedInterestRelatedParty	12164000	usd
CY2024Q2	ausi	Conversion Feature Of Convertible Note Payable Related Party Accounted As Derivative Liability ConversionFeatureOfConvertibleNotePayableRelatedPartyAccountedAsDerivativeLiability	22194000	usd
CY2024Q2	us-gaap	Net Income Loss NetIncomeLoss	-15258000	usd
CY2024Q2	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-784000	usd
CY2024Q2	us-gaap	Stockholders Equity StockholdersEquity	-35627000	usd
CY2024Q2	us-gaap	Use Of Estimates UseOfEstimates	<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>Use of Estimates</i></b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements, and the reported amounts of revenue and expenses during the reporting periods. Significant estimates include assumptions made for inventory valuation, impairment testing of long-lived assets, the valuation allowance for deferred tax assets, assumptions used in valuing notes payable, derivative liabilities, assumptions used in valuing share-based compensation, and accruals for potential liabilities. Amounts could materially change in the future. Actual results could differ from those estimates.</p>
CY2024Q2	us-gaap	Concentration Risk Credit Risk ConcentrationRiskCreditRisk	<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b><i>Vendor Concentration</i></b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As of May 31, 2024 , four vendors accounted for 39%, 12%, 11% and 10% of the Company’s accounts payable.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As of February 29, 2024, four vendors accounted for 42%, 11%, 11% and 10% of accounts payable.</p>
CY2024Q2	us-gaap	Convertible Debt Fair Value Disclosures ConvertibleDebtFairValueDisclosures	17171000	usd
CY2024Q2	us-gaap	Liabilities Fair Value Disclosure LiabilitiesFairValueDisclosure	17171000	usd
CY2024Q2	ausi	Recognition Of Derivative Liability From Conversion Feature Of A Note Payable RecognitionOfDerivativeLiabilityFromConversionFeatureOfANotePayable	22194000	usd
CY2024Q2	us-gaap	Liabilities Fair Value Adjustment LiabilitiesFairValueAdjustment	-5023000	usd
CY2024Q2	us-gaap	Derivative Liabilities DerivativeLiabilities	17171000	usd
CY2024Q2	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	57527671	shares
CY2023Q2	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	12500209	shares
CY2024Q2	us-gaap	Debt Conversion Converted Instrument Amount1 DebtConversionConvertedInstrumentAmount1	110000	usd
CY2024Q2	us-gaap	Common Stock Convertible Conversion Price Decrease CommonStockConvertibleConversionPriceDecrease	0.2
CY2024Q2	us-gaap	Convertible Notes Payable ConvertibleNotesPayable	12281000	usd
CY2024Q1	us-gaap	Convertible Notes Payable ConvertibleNotesPayable	3020000	usd
CY2024Q1	us-gaap	Convertible Notes Payable ConvertibleNotesPayable	9261000	usd
CY2024Q2	us-gaap	Notes Payable NotesPayable	601000	usd
CY2024Q1	us-gaap	Notes Payable NotesPayable	405000	usd
CY2024Q2	us-gaap	Notes Payable Current NotesPayableCurrent	163000	usd
CY2024Q1	us-gaap	Notes Payable Current NotesPayableCurrent	119000	usd
CY2024Q2	us-gaap	Long Term Notes Payable LongTermNotesPayable	438000	usd
CY2024Q1	us-gaap	Long Term Notes Payable LongTermNotesPayable	286000	usd
CY2024Q2	ausi	Paid Fee PaidFee	74285	usd
CY2024Q2	us-gaap	Lease Cost LeaseCost	47000	usd
CY2024Q2	us-gaap	Finance Lease Principal Payments FinanceLeasePrincipalPayments	1000	usd
CY2024Q2	us-gaap	Repayments Of Debt And Capital Lease Obligations RepaymentsOfDebtAndCapitalLeaseObligations	232000	usd
CY2022Q1	us-gaap	Shortterm Debt Fair Value ShorttermDebtFairValue	1051000	usd
CY2023Q1	us-gaap	Derivative Fixed Interest Rate DerivativeFixedInterestRate	0.06	pure
CY2022Q2	ausi	Installment Paid InstallmentPaid	150000	usd
CY2023Q1	us-gaap	Related Party Transaction Rate RelatedPartyTransactionRate	0.06	pure
CY2022Q1	us-gaap	Debt Instrument Convertible Threshold Consecutive Trading Days1 DebtInstrumentConvertibleThresholdConsecutiveTradingDays1	10	day
CY2022Q1	ausi	Percentage Of Remit Cash Proceeds Equal To Revenues And Debt Or Equity PercentageOfRemitCashProceedsEqualToRevenuesAndDebtOrEquity	0.20	pure
CY2024Q2	ausi	Required To Payment RequiredToPayment	0.20	pure
CY2022Q1	us-gaap	Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1 ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1	0.85
CY2022Q1	us-gaap	Warrant Exercise Price Decrease WarrantExercisePriceDecrease	0.5
CY2024Q2	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	-19324000	usd
CY2024Q2	ausi	Fair Value Of Warrants Issued For Note Payable FairValueOfWarrantsIssuedForNotePayable	9261000	usd
CY2024Q2	ausi	Fair Value Of Modified Warrants Related Party FairValueOfModifiedWarrantsRelatedParty	33000	usd
CY2024Q2	ausi	Notes Payable And Accrued Interest NotesPayableAndAccruedInterest	12164	usd
CY2024Q2	us-gaap	Short Term Debt Percentage Bearing Fixed Interest Rate ShortTermDebtPercentageBearingFixedInterestRate	0.10	pure
CY2024Q2	us-gaap	Interest Payable Current InterestPayableCurrent	1702000	usd
CY2024Q1	us-gaap	Interest Payable Current InterestPayableCurrent	2598000	usd
CY2024Q2	us-gaap	Area Of Land AreaOfLand	18000	sqft
CY2024Q2	us-gaap	Payments For Rent PaymentsForRent	22000	usd
CY2024Q2	ausi	Lease Rent Percentage LeaseRentPercentage	0.03	pure
CY2024Q2	us-gaap	Lessee Operating Lease Discount Rate LesseeOperatingLeaseDiscountRate	0.10	pure
CY2024Q2	us-gaap	Operating Lease Cost OperatingLeaseCost	69000	usd
CY2023Q2	us-gaap	Operating Lease Cost OperatingLeaseCost	70000	usd
CY2024Q2	us-gaap	Operating Lease Lease Income Lease Payments OperatingLeaseLeaseIncomeLeasePayments	72000	usd
CY2023Q2	us-gaap	Operating Lease Lease Income Lease Payments OperatingLeaseLeaseIncomeLeasePayments	71000	usd
CY2024Q2	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P2Y3M
CY2023Q2	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P3Y3M
CY2024Q2	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.10	pure
CY2023Q2	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.10	pure
CY2024Q2	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	559000	usd
CY2024Q2	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	246000	usd
CY2024Q2	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	358000	usd
CY2024Q2	us-gaap	Operating Lease Liability OperatingLeaseLiability	604000	usd
CY2024Q2	us-gaap	Lessee Operating Lease Liability Payments Due Next Twelve Months LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths	225000	usd
CY2024Q2	us-gaap	Lessee Operating Lease Liability Payments Due Year Two LesseeOperatingLeaseLiabilityPaymentsDueYearTwo	299000	usd
CY2024Q2	us-gaap	Lessee Operating Lease Liability Payments Due Year Three LesseeOperatingLeaseLiabilityPaymentsDueYearThree	155000	usd
CY2024Q2	us-gaap	Lessee Operating Lease Liability Payments Due LesseeOperatingLeaseLiabilityPaymentsDue	679000	usd
CY2024Q2	us-gaap	Lessee Operating Lease Liability Undiscounted Excess Amount LesseeOperatingLeaseLiabilityUndiscountedExcessAmount	68000	usd
CY2024Q2	us-gaap	Operating Lease Liability OperatingLeaseLiability	604000	usd
CY2024Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue	382000	usd
CY2024Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber	3521664	shares
CY2024Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue	0.83
CY2024Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod	3000000	shares
CY2024Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue	1
CY2024Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber	6521664	shares
CY2024Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue	0.77
CY2024Q2	us-gaap	Class Of Warrant Or Right Outstanding ClassOfWarrantOrRightOutstanding	3000000	shares
CY2024Q2	us-gaap	Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1 ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1	1
CY2024Q2	us-gaap	Warrants And Rights Outstanding Term WarrantsAndRightsOutstandingTerm	P3Y
CY2023Q2	us-gaap	Interest Costs Incurred InterestCostsIncurred	36000	usd
CY2022Q2	srt	Interest Bearing Liabilities Average Rate Paid InterestBearingLiabilitiesAverageRatePaid	0.10	pure
CY2019Q1	us-gaap	Debt Longterm And Shortterm Combined Amount DebtLongtermAndShorttermCombinedAmount	27500000	usd
CY2024Q2	ecd	Non Rule10b51 Arr Trmntd Flag NonRule10b51ArrTrmntdFlag	false
CY2024Q2	ecd	Rule10b51 Arr Trmntd Flag Rule10b51ArrTrmntdFlag	false
CY2024Q2	ecd	Non Rule10b51 Arr Adopted Flag NonRule10b51ArrAdoptedFlag	false
CY2024Q2	ecd	Rule10b51 Arr Adopted Flag Rule10b51ArrAdoptedFlag	false
CY2024Q2	us-gaap	Inventory Net InventoryNet		usd
CY2024Q2	us-gaap	Gross Profit GrossProfit		usd
CY2023Q2	ausi	Change In Fair Value Derivative Liability ChangeInFairValueDerivativeLiability		usd
CY2023Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.01
CY2023Q2	us-gaap	Inventory Write Down InventoryWriteDown		usd
CY2023Q2	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt		usd
CY2023Q2	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable		usd
CY2024Q2	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories		usd
CY2024Q2	us-gaap	Interest Paid Net InterestPaidNet		usd
CY2024Q2	us-gaap	Income Taxes Paid IncomeTaxesPaid		usd
CY2023Q2	ausi	Fair Value Of Modified Warrants Related Party FairValueOfModifiedWarrantsRelatedParty		usd
CY2023Q2	ausi	Notes Payable Issued For The Purchase Of Property And Equipment NotesPayableIssuedForThePurchaseOfPropertyAndEquipment		usd
CY2023Q2	ausi	Fair Value Of Warrants Issued For Note Payable FairValueOfWarrantsIssuedForNotePayable		usd
CY2023Q2	ausi	Extinguishment Of Note Payable And Accrued Interest Related Party ExtinguishmentOfNotePayableAndAccruedInterestRelatedParty		usd
CY2023Q2	ausi	Conversion Feature Of Convertible Note Payable Related Party Accounted As Derivative Liability ConversionFeatureOfConvertibleNotePayableRelatedPartyAccountedAsDerivativeLiability		usd
CY2024Q1	us-gaap	Derivative Liabilities DerivativeLiabilities		usd
CY2024Q1	us-gaap	Liabilities Fair Value Disclosure LiabilitiesFairValueDisclosure		usd
CY2024Q1	us-gaap	Derivative Liabilities DerivativeLiabilities		usd
CY2024Q2	us-gaap	Extinguishment Of Debt Gain Loss Net Of Tax ExtinguishmentOfDebtGainLossNetOfTax		usd
CY2024Q2	dei	Amendment Flag AmendmentFlag	false
CY2024Q2	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--02-28
CY2024Q2	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2024Q2	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2025
CY2024Q2	dei	Entity Central Index Key EntityCentralIndexKey	0000826253
CY2024Q2	dei	Entity File Number EntityFileNumber	0-00000

Files In Submission

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0001013762-24-000546-index.html	Edgar Link	pending
0001013762-24-000546.txt	Edgar Link	pending
0001013762-24-000546-xbrl.zip	Edgar Link	pending
ausi-20240531.xsd	Edgar Link	pending
ea0209741-10q_aurasystem.htm	Edgar Link	pending
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Financial_Report.xlsx	Edgar Link	pending
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ausi-20240531_cal.xml	Edgar Link	unprocessable
ausi-20240531_lab.xml	Edgar Link	unprocessable

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$AUSI
AURA SYSTEMS INC Stock $ausi

2024 Q3 Form 10-Q Financial Statement

#000101376224000546 Filed on July 22, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$AUSI AURA SYSTEMS INC Stock $ausi

2024 Q3 Form 10-Q Financial Statement

#000101376224000546 Filed on July 22, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$AUSI
AURA SYSTEMS INC Stock $ausi