AURA SYSTEMS INC (AUSI) Form 10-Q — Sep 22, 2026
Aura Systems filed its 10-Q for the quarter ended May 31, 2026 with substantial doubt about its ability to continue as a going concern, citing a $8.4 million quarterly net loss, only $27 thousand of cash, a $53.6 million shareholders' deficit, and $5.4 million of past-due notes. Revenue collapsed to $2 thousand from $185 thousand a year ago as the company shifts resources to a new prototype product line, and a $7.0 million derivative fair-value loss drove most of the widening net loss. The derivative liability grew to $31.0 million after conversion features were reclassified out of equity because the company has run out of authorized shares.
Key figures
- Revenue
- 2000
- Total Debt
- 54749000
- Revenue Yoy
- -99% (from $185K to $2K)
- Total Assets
- 1183000
- Cash Position
- 27000
- Shares Outstanding
- 148261844
- Past due notes usd
- 5446000
- Accrued interest usd
- 4954000
- Shares issued for cash
- 6860000
- Shareholders deficit usd
- 53566000
- Going concern net loss usd
- 8408000
- Cash used in operations usd
- 719000
- Cash proceeds from shares usd
- 751000
- Potentially dilutive securities
- 229455446
- Derivative liability fair value usd
- 31023000
- Derivative fair value change loss usd
- 7028000
- Additional funding needed fiscal2027 usd
- 5246000
AI analysis
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