2024 Q2 Form 10-K Financial Statement

#000121390024049745 Filed on June 04, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1 2024
Revenue $47.00K $56.00K $56.00K
YoY Change 370.0% 8932.26% -21.13%
Cost Of Revenue -$47.00K $70.00K $193.0K
YoY Change -413.33% 117.59% 119.32%
Gross Profit -$14.00K -$137.0K
YoY Change -55.63% 705.88%
Gross Profit Margin -25.0% -244.64%
Selling, General & Admin $374.0K $1.873M $1.873M
YoY Change -26.38% 208.3% -28.95%
% of Gross Profit
Research & Development $310.0K $750.0K $750.0K
YoY Change 49.76% 256.58% -11.76%
% of Gross Profit
Depreciation & Amortization $25.00K $26.00K $105.0K
YoY Change -3.85% 25.73% 34.62%
% of Gross Profit
Operating Expenses $684.0K $2.623M $2.623M
YoY Change -4.34% 220.72% -24.76%
Operating Profit -$684.0K -$2.637M -$2.760M
YoY Change -5.0% 210.45% -21.21%
Interest Expense $275.0K -$1.456M $1.465M
YoY Change -35.75% -7113.49% 101.51%
% of Operating Profit
Other Income/Expense, Net $2.000K $441.0K
YoY Change -71.43% 44000.0%
Pretax Income -$15.26M -$4.216M -$4.216M
YoY Change 1237.42% 409.4% 23.64%
Income Tax
% Of Pretax Income
Net Earnings -$15.26M -$4.216M -$4.200M
YoY Change 1237.25% 409.4% 23.17%
Net Earnings / Revenue -32463.83% -7528.57% -7500.0%
Basic Earnings Per Share -$0.14 -$0.04
Diluted Earnings Per Share -$0.14 -$0.04 -$0.04
COMMON SHARES
Basic Shares Outstanding 109.0M shares 102.0M shares 99.38M shares
Diluted Shares Outstanding 106.1M shares 99.38M shares

Balance Sheet

Concept 2024 Q2 2024 Q1 2024
SHORT-TERM ASSETS
Cash & Short-Term Investments $297.0K $124.0K $124.0K
YoY Change 494.0% 726.67% 726.67%
Cash & Equivalents $297.0K $124.0K $124.0K
Short-Term Investments
Other Short-Term Assets $140.0K $175.0K $175.0K
YoY Change 8.53% 23.24% 23.24%
Inventory $20.00K $20.00K
Prepaid Expenses
Receivables $15.00K
Other Receivables $0.00
Total Short-Term Assets $452.0K $319.0K $319.0K
YoY Change 32.55% 2.24% 2.24%
LONG-TERM ASSETS
Property, Plant & Equipment $710.0K $378.0K $985.0K
YoY Change 55.02% -18.0% -22.87%
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 $1.429M $1.145M $1.145M
YoY Change 3.18% -20.32% -20.32%
TOTAL ASSETS
Total Short-Term Assets $452.0K $319.0K $319.0K
Total Long-Term Assets $1.429M $1.145M $1.145M
Total Assets $1.881M $1.464M $1.464M
YoY Change 8.98% -16.3% -16.3%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.407M $2.625M $2.625M
YoY Change -12.85% 13.29% 13.29%
Accrued Expenses $1.948M $2.598M $2.836M
YoY Change 8.58% 41.97% 39.22%
Deferred Revenue
YoY Change
Short-Term Debt $5.783M $4.528M $4.528M
YoY Change
Long-Term Debt Due $945.0K $4.751M $4.751M
YoY Change -89.74% -48.41% -48.41%
Total Short-Term Liabilities $28.70M $15.19M $15.19M
YoY Change 98.88% 8.28% 8.28%
LONG-TERM LIABILITIES
Long-Term Debt $8.449M $7.374M $7.374M
YoY Change 16.73% 0.72% 0.72%
Other Long-Term Liabilities $358.0K $423.0K $423.0K
YoY Change -40.63% -35.91% -35.91%
Total Long-Term Liabilities $8.807M $7.797M $7.797M
YoY Change 12.32% -2.31% -2.31%
TOTAL LIABILITIES
Total Short-Term Liabilities $28.70M $15.19M $15.19M
Total Long-Term Liabilities $8.807M $7.797M $7.797M
Total Liabilities $37.51M $22.98M $22.98M
YoY Change 68.41% 4.44% 4.44%
SHAREHOLDERS EQUITY
Retained Earnings -$494.2M -$479.0M
YoY Change 3.85% 0.89%
Common Stock $458.6M $457.5M
YoY Change 5095688.89% 5082900.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$35.63M -$21.50M -$21.52M
YoY Change
Total Liabilities & Shareholders Equity $1.881M $1.464M $1.464M
YoY Change 8.98% -16.3% -16.3%

Cashflow Statement

Concept 2024 Q2 2024 Q1 2024
OPERATING ACTIVITIES
Net Income -$15.26M -$4.216M -$4.200M
YoY Change 1237.25% 409.4% 23.17%
Depreciation, Depletion And Amortization $25.00K $26.00K $105.0K
YoY Change -3.85% 25.73% 34.62%
Cash From Operating Activities -$784.0K -$817.0K -$3.000M
YoY Change -1.63% -5.99% -3.94%
INVESTING ACTIVITIES
Capital Expenditures $36.00K -$1.000K $22.00K
YoY Change 3500.0% 426.32% -59.26%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$36.00K $1.000K -$22.00K
YoY Change 3500.0% 426.32% -59.26%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $2.943M
YoY Change -10.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $993.0K 895.0K $3.126M
YoY Change 19.21% 37.66% 2.76%
NET CHANGE
Cash From Operating Activities -$784.0K -817.0K -$3.000M
Cash From Investing Activities -$36.00K 1.000K -22.00K
Cash From Financing Activities $993.0K 895.0K $3.126M
Net Change In Cash $173.0K 79.00K $126.0K
YoY Change 380.56% -136.13% -255.56%
FREE CASH FLOW
Cash From Operating Activities -$784.0K -$817.0K -$3.000M
Capital Expenditures $36.00K -$1.000K $22.00K
Free Cash Flow -$820.0K -$816.0K -$3.022M
YoY Change 2.76% -6.08% -4.88%

Facts In Submission

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InterestPaidNet
185000 usd
CY2023 us-gaap Interest Paid Net
InterestPaidNet
166000 usd
CY2024 ausi Fair Value Of Warrants Issued For Note Payable
FairValueOfWarrantsIssuedForNotePayable
5000 usd
CY2023 ausi Fair Value Of Warrants Issued For Note Settlement
FairValueOfWarrantsIssuedForNoteSettlement
1051000 usd
CY2024 us-gaap Nature Of Operations
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<p style="font: normal 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>NOTE 1 – ORGANIZATION AND OPERATIONS</b></p> <p style="font: normal 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Aura Systems, Inc., (“Aura”, “We” or the “Company”) a Delaware corporation, is engaged in the development, commercialization, and sale of products, systems, and components, using its patented and proprietary electromagnetic technology. Aura develops and sells AuraGen<sup>® </sup>axial flux mobile induction power systems to the industrial, commercial, and defense mobile power generation markets.</p> <p style="font: normal 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: normal 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Going Concern</b></p> <p style="font: normal 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The accompanying financial statements have been prepared assuming that the Company will continue as a going concern.  In accordance with Accounting Standards Codification (“ASC”) 205-40, <i>Going Concern</i>, the Company’s management has evaluated whether there are conditions and events, considered in the aggregate, that raise substantial doubt about the Company’s ability to continue as a going concern within one year after the date the accompanying financial statements were issued. During the fiscal year ended February 29, 2024, the Company incurred a net loss of $4.2 million, used cash in operating activities of $3 million, and at February 29, 2024, had a stockholders deficit of $21.5 million. In addition, at February 29, 2024, notes payable and related accrued interest with an aggregate balance of $6.7 million have reached maturity and are past due. These factors raise substantial doubts about the Company’s ability to continue as a going concern within one year of the date that these financial statements are issued. The accompanying financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.</p> <p style="font: normal 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p> <p style="font: normal 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Subsequent to February 29, 2024, the Company issued 4,455,600 shares of common stock in exchange for cash proceeds of $1.1 million. The Company’s ability to continue as a going concern is dependent upon its ability to continue to implement its business plan. During the next twelve months we intend to continue to attempt to increase the Company’s sale of our AuraGen<sup>®</sup>/VIPER products both domestically and internationally and to add to our existing management team. In addition, we plan to continue to rebuild the engineering and sales teams, and to the extent appropriate, utilize third party contractors to support the operation. No assurance can be given that any future financing will be available or, if available, that it will be on terms that are satisfactory to the Company. Even if the Company is able to obtain additional financing, if needed, it may contain undue restrictions on its operations, in the case of debt financing, or cause substantial dilution for its stockholders, in the case of equity financing. In the event the Company is unable to generate profits and is unable to obtain financing for its working capital requirements, it may have to curtail its business further or cease business altogether.</p>
CY2024 us-gaap Net Income Loss
NetIncomeLoss
-4200000 usd
CY2024 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-3000000 usd
CY2024Q1 us-gaap Stockholders Equity
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-21500000 usd
CY2024Q1 ausi Aggregate Balance Of Notes Payable
AggregateBalanceOfNotesPayable
6700000 usd
CY2024 us-gaap Use Of Estimates
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<p style="font: normal 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Use of Estimates</b></p><p style="font: normal 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The preparation of financial statements in conformity with 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 reported periods. Significant estimates include assumptions made for inventory reserve, impairment testing of long-lived assets, the realizability of deferred tax assets and the related valuation allowance, assumptions used in valuing derivative liabilities, notes payable, assumptions used in valuing share-based compensation, and accruals for potential liabilities. Amounts could materially change in the future.</p><p style="font: normal 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b> </b></p>
CY2024Q1 us-gaap Revenue Remaining Performance Obligation Percentage
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1 pure
CY2024 us-gaap Revenues
Revenues
56000 usd
CY2023 us-gaap Revenues
Revenues
71000 usd
CY2024 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Discount From Market Price Purchase Date
ShareBasedCompensationArrangementByShareBasedPaymentAwardDiscountFromMarketPricePurchaseDate
0.02 pure
CY2024 us-gaap Inventory Write Down
InventoryWriteDown
123000 usd
CY2023 us-gaap Inventory Write Down
InventoryWriteDown
4000 usd
CY2024 us-gaap Concentration Risk Credit Risk
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<p style="font: normal 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Concentration of Credit and Other Risks</b></p><p style="font: normal 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Financial instruments that potentially subject the Company to concentrations of credit risk consist of cash and accounts receivable. Cash is deposited with a limited number of financial institutions. The balances held at any one financial institution at times may be in excess of Federal Deposit Insurance Corporation (“FDIC”) insurance limits of up to $250. We have not experienced any losses in such accounts and believe we are not exposed to any significant risk on cash and cash equivalents.</p><p style="font: normal 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">During the year ended February 29, 2024, one customer accounted for 55% and one customer accounted for 12% of revenues. During the year ended February 28, 2023, one customer accounted for 55% and one customer accounted for 10% of revenues.</p><p style="font: normal 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">As of February 29, 2024, four vendors accounted for 42%, 11%, 11% and 10% of accounts payable. As of February 28, 2023, four vendors accounted for 38%, 13%, 10% and 10% of accounts payable.</p><p style="font: normal 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"> </p>
CY2024 us-gaap Federal Deposit Insurance Corporation Premium Expense
FederalDepositInsuranceCorporationPremiumExpense
250000 usd
CY2024 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
750000 usd
CY2023 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
850000 usd
CY2023Q1 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
9000 usd
CY2023Q1 us-gaap Liabilities Fair Value Disclosure
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9000 usd
CY2024 us-gaap Prior Period Reclassification Adjustment Description
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="text-decoration:underline">Reclassifications</span></p><p style="font: normal 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Certain February 28, 2023 balances have been reclassified to conform with the February 29, 2024 presentation. In presenting the Company’s balance sheet at February 28, 2023, the Company originally presented accrued interest of $1,389 and accrued payroll and other expenses of $441, totaling $1,830 as a separate line item called Accrued Expenses. In addition, $82 of accrued interest was included in notes payable-related parties, current portion. In presenting the Company’s balance sheet at February 29, 2024, the Company has reclassified the balance of accrued interest of $1,471 as a separate line item, and the balance of accrued payroll and other expenses of $441 as part of accounts payable and accrued expense and reduced notes payable-related parties, current portion by $82. </p><p style="font: normal 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p>
CY2023Q1 us-gaap Accrued Payroll Taxes Current And Noncurrent
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CY2023Q1 us-gaap Accrued Liabilities Fair Value Disclosure
AccruedLiabilitiesFairValueDisclosure
1830000 usd
CY2024Q1 us-gaap Accrued Payroll Taxes Current And Noncurrent
AccruedPayrollTaxesCurrentAndNoncurrent
1471000 usd
CY2024Q1 us-gaap Other Expenses
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441000 usd
CY2024 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
12457109 shares
CY2023 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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12264808 shares
CY2024Q1 us-gaap Inventory Raw Materials
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CY2023Q1 us-gaap Inventory Raw Materials
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114000 usd
CY2024Q1 us-gaap Inventory Work In Process
InventoryWorkInProcess
6000 usd
CY2023Q1 us-gaap Inventory Work In Process
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22000 usd
CY2024Q1 us-gaap Inventory Finished Goods
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1000 usd
CY2023Q1 us-gaap Inventory Finished Goods
InventoryFinishedGoods
19000 usd
CY2024Q1 us-gaap Inventory Net
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20000 usd
CY2023Q1 us-gaap Inventory Net
InventoryNet
155000 usd
CY2024Q1 ausi Prepaid Annual Software Licenses
PrepaidAnnualSoftwareLicenses
158000 usd
CY2023Q1 ausi Prepaid Annual Software Licenses
PrepaidAnnualSoftwareLicenses
92000 usd
CY2024Q1 us-gaap Advances To Affiliate
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9000 usd
CY2023Q1 us-gaap Advances To Affiliate
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8000 usd
CY2024Q1 us-gaap Prepaid Insurance
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2000 usd
CY2023Q1 us-gaap Prepaid Insurance
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11000 usd
CY2024Q1 us-gaap Other Prepaid Expense Current
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6000 usd
CY2023Q1 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
31000 usd
CY2024Q1 us-gaap Prepaid Expense And Other Assets Current
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175000 usd
CY2023Q1 us-gaap Prepaid Expense And Other Assets Current
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142000 usd
CY2024Q1 us-gaap Property Plant And Equipment Gross
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576000 usd
CY2023Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
554000 usd
CY2024Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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198000 usd
CY2023Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
93000 usd
CY2024Q1 us-gaap Property Plant And Equipment Net
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378000 usd
CY2023Q1 us-gaap Property Plant And Equipment Net
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461000 usd
CY2024 us-gaap Other Depreciation And Amortization
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105000 usd
CY2023 us-gaap Other Depreciation And Amortization
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78000 usd
CY2024Q1 ausi Convertible Notes Payable Current Gross
ConvertibleNotesPayableCurrentGross
1509000 usd
CY2023Q1 ausi Convertible Notes Payable Current Gross
ConvertibleNotesPayableCurrentGross
1403000 usd
CY2024Q1 us-gaap Debt Instrument Unamortized Discount
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1000 usd
CY2024Q1 us-gaap Convertible Notes Payable
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1508000 usd
CY2023Q1 us-gaap Convertible Notes Payable
ConvertibleNotesPayable
1403000 usd
CY2024Q1 us-gaap Convertible Notes Payable Current
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1508000 usd
CY2023Q1 us-gaap Convertible Notes Payable Current
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1403000 usd
CY2024Q1 us-gaap Accounts Payable Interest Bearing Interest Rate
AccountsPayableInterestBearingInterestRate
0.05 pure
CY2023Q1 us-gaap Convertible Notes Payable
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1403000 usd
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106000 usd
CY2024Q1 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
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50000 shares
CY2024Q1 ausi Convertible Notes Payable Current Gross
ConvertibleNotesPayableCurrentGross
1509000 usd
CY2024Q1 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
1000 usd
CY2024Q1 us-gaap Convertible Notes Payable Current
ConvertibleNotesPayableCurrent
1508000 usd
CY2024Q1 us-gaap Convertible Debt
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3020000 usd
CY2023Q1 us-gaap Convertible Debt
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3000000 usd
CY2024Q1 us-gaap Convertible Debt Current
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3020000 usd
CY2023Q1 us-gaap Convertible Debt Current
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3000000 usd
CY2024Q1 us-gaap Notes Payable
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405000 usd
CY2023Q1 us-gaap Notes Payable
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348000 usd
CY2024Q1 us-gaap Notes Payable Current
NotesPayableCurrent
119000 usd
CY2023Q1 us-gaap Notes Payable Current
NotesPayableCurrent
92000 usd
CY2024Q1 us-gaap Long Term Notes Payable
LongTermNotesPayable
286000 usd
CY2023Q1 us-gaap Long Term Notes Payable
LongTermNotesPayable
256000 usd
CY2022Q1 ausi Down Payment Amount
DownPaymentAmount
41000 usd
CY2024Q1 us-gaap Notes And Loans Payable
NotesAndLoansPayable
106000 usd
CY2024Q1 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
139000 usd
CY2024Q1 us-gaap Long Term Debt Percentage Bearing Fixed Interest Rate
LongTermDebtPercentageBearingFixedInterestRate
0.10 pure
CY2023Q1 us-gaap Long Term Debt Percentage Bearing Fixed Interest Rate
LongTermDebtPercentageBearingFixedInterestRate
0.10 pure
CY2024Q1 us-gaap Shortterm Debt Fair Value
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1051000 usd
CY2024Q1 us-gaap Derivative Fixed Interest Rate
DerivativeFixedInterestRate
0.06 pure
CY2022Q2 ausi Installment Paid
InstallmentPaid
150000 usd
CY2022Q2 ausi Installment Outstanding
InstallmentOutstanding
2850000 usd
CY2022Q2 us-gaap Related Party Transaction Rate
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0.06 pure
CY2024 ausi Installment Paid
InstallmentPaid
1000000 usd
CY2024 ausi Installment Due
InstallmentDue
3850 usd
CY2023Q4 us-gaap Investment Owned Balance Principal Amount
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23000 usd
CY2024Q4 us-gaap Payments To Fund Longterm Loans To Related Parties
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1850 usd
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
CY2024Q1 ausi Required To Payment
RequiredToPayment
0.20 pure
CY2022Q1 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
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0.85
CY2022Q1 us-gaap Warrant Exercise Price Decrease
WarrantExercisePriceDecrease
0.5
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ShortTermDebtPercentageBearingFixedInterestRate
0.10 pure
CY2024Q1 ausi Accrued Interestconvertible Notes Payablepast Due
AccruedInterestconvertibleNotesPayablepastDue
425000 usd
CY2023Q1 ausi Accrued Interestconvertible Notes Payablepast Due
AccruedInterestconvertibleNotesPayablepastDue
354000 usd
CY2024Q1 ausi Accrued Interest Convertible Notes Payable Related Party
AccruedInterestConvertibleNotesPayableRelatedParty
863000 usd
CY2023Q1 ausi Accrued Interest Convertible Notes Payable Related Party
AccruedInterestConvertibleNotesPayableRelatedParty
713000 usd
CY2024Q1 us-gaap Other Liabilities
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1288000 usd
CY2023Q1 us-gaap Other Liabilities
OtherLiabilities
363000 usd
CY2024Q1 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
22000 usd
CY2023Q1 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
41000 usd
CY2024Q1 us-gaap Accrued Liabilities Current
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2598000 usd
CY2023Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
1471000 usd
CY2021Q1 us-gaap Area Of Land
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18 sqft
CY2024 us-gaap Payments For Rent
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22000 usd
CY2024 ausi Lease Rent Percentage
LeaseRentPercentage
0.03 pure
CY2024Q1 us-gaap Lessee Operating Lease Discount Rate
LesseeOperatingLeaseDiscountRate
0.10 pure
CY2024 us-gaap Operating Lease Cost
OperatingLeaseCost
285000 usd
CY2023 us-gaap Operating Lease Cost
OperatingLeaseCost
279000 usd
CY2024 us-gaap Operating Lease Payments
OperatingLeasePayments
285000 usd
CY2023 us-gaap Operating Lease Payments
OperatingLeasePayments
274000 usd
CY2024Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y6M
CY2023Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y6M
CY2024Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.10 pure
CY2023Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.10 pure
CY2024Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
607000 usd
CY2024Q1 us-gaap Operating Lease Liability Current
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238000 usd
CY2024Q1 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
423000 usd
CY2024Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
661000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
291000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
299000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
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155000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
745000 usd
CY2024Q1 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
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84000 usd
CY2024Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
661000 usd
CY2024Q1 us-gaap Common Stock Shares Authorized
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150000000 shares
CY2023Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
150000000 shares
CY2024Q1 us-gaap Common Stock Par Or Stated Value Per Share
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0.0001
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CommonStockParOrStatedValuePerShare
0.0001
CY2024Q1 ausi Common Stock For Services
CommonStockForServices
6 usd
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4800834 shares
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
1.4
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
3451664 shares
CY2023 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
0.82
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
4687734 shares
CY2023 ausi Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Expired In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExpiredInPeriodWeightedAverageGrantDateFairValue
1.4
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ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
3564764 shares
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
0.86
CY2024 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
60000 shares
CY2024 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
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CY2024 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
103100 shares
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ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExpiredInPeriodWeightedAverageGrantDateFairValue
1.4
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
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice
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CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice
0.84
CY2024Q1 us-gaap Share Price
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CY2023Q1 us-gaap Share Price
SharePrice
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CY2024 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
1.60 pure
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
2.246 pure
CY2024 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.049 pure
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0204 pure
CY2024 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P1Y6M
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y10M24D
CY2024 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
CY2022Q2 ausi Payment Of Initial Amount
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150000000 usd
CY2024Q1 us-gaap Compensating Balance Amount
CompensatingBalanceAmount
120000000 usd
CY2024 us-gaap Effective Income Tax Rate Reconciliation Tax Settlements Domestic
EffectiveIncomeTaxRateReconciliationTaxSettlementsDomestic
0.21 pure
CY2023 us-gaap Effective Income Tax Rate Reconciliation Tax Settlements Domestic
EffectiveIncomeTaxRateReconciliationTaxSettlementsDomestic
0.21 pure
CY2024 us-gaap Effective Income Tax Rate Reconciliation Tax Settlements State And Local
EffectiveIncomeTaxRateReconciliationTaxSettlementsStateAndLocal
0.07 pure
CY2023 us-gaap Effective Income Tax Rate Reconciliation Tax Settlements State And Local
EffectiveIncomeTaxRateReconciliationTaxSettlementsStateAndLocal
0.07 pure
CY2024 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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IncomeTaxExpenseBenefit
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