AITX on OTC
Artificial Intelligence Technology Solutions Inc.
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Last updated Oct 16, 2026.
Overview
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Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2026
71.4%Gross margin2
-154.2%Operating margin2
-187.3%Net margin2
26.3%Revenue growth, 20262
-$9.4MFree cash flow2
Where the money goes
Where each dollar of revenue went, fiscal 2026
- Cost of revenue29¢$2.2M
- Research and development53¢$4.1M
- Other costs18¢$1.4M
Out of $7.7M in revenue.2 The company lost money this year.
Financial statements
Every line of the income statement in the latest annual report, as filed.2
| Period ending | 2026-02-28 | 2025-02-28 |
|---|---|---|
| Revenues | $7.7M | $6.1M |
| Total Cost of Goods Sold | $2.2M | $2.4M |
| Gross Profit | $5.5M | $3.7M |
| Research and development (note 9) | $4.1M | $3.5M |
| General and administrative | $12.9M | $13.6M |
| Depreciation and amortization | $141.1K | $429.1K |
| Loss on disposal of fixed assets | $22.3K | |
| Operating lease cost and rent | $251.9K | $240.7K |
| Total operating expenses | $17.5M | $17.7M |
| Loss from operations | -$11.9M | -$13.9M |
| Interest expense | -$6.0M | -$5.5M |
| Gain on settlement of debt | $3.4M | $468.3K |
| Total other income (expense), net | -$2.6M | -$5.0M |
| Net Loss | -$14.5M | -$18.9M |
| Net loss per share - basic | -$0.07 | -$0.16 |
| Net loss per share - diluted | -$0.07 | -$0.16 |
| Weighted average common share outstanding - basic | 202.9M shares | 116.5M shares |
| Weighted average common share outstanding - diluted | 202.9M shares | 116.5M shares |
Every line of the balance sheet in the latest annual report, as filed.2
| Period ending | 2026-02-28 | 2025-02-28 | 2024-02-29 |
|---|---|---|---|
| Cash | $109.0K | $866.0K | |
| Accounts receivable, net | $1.0M | $1.4M | |
| Share proceeds receivable | $418.7K | ||
| Device parts inventory, net | $1.3M | $1.6M | |
| Prepaid expenses and deposits | $503.0K | $792.8K | |
| Total current assets | $2.9M | $5.0M | |
| Operating lease asset | $931.8K | $1.0M | |
| Revenue earning devices, net of accumulated depreciation of $3,257,668 and $2,292,172, respectively | $5.1M | $4.5M | |
| Fixed assets, net of accumulated depreciation of $540,426 and $491,186, respectively | $183.2K | $258.3K | |
| Trademarks | $35.3K | $33.3K | |
| Investment at cost | $100.0K | $100.0K | |
| Security deposit | $19.3K | $15.9K | |
| Total assets | $9.3M | $11.0M | |
| Accounts payable and accrued expenses | $3.0M | $2.1M | |
| Customer deposits | $147.3K | $91.6K | |
| Current operating lease liability | $243.7K | $197.3K | |
| Current portion of deferred variable payment obligation | $3.2M | $1.9M | |
| Loan payable - related party | $461.6K | $329.4K | |
| Deferred compensation for CEO | $1.8M | $2.2M | |
| Current portion of loans payable, net of discount of $635,774 and $0 | $8.8M | $519.1K | |
| Current portion of accrued interest payable | $2.3M | $213.6K | |
| Total current liabilities | $20.0M | $7.6M | |
| Non-current operating lease liability | $676.7K | $810.5K | |
| Loans payable, net of discount of $0 and $360,163, respectively | $24.2M | $31.9M | |
| Deferred variable payment obligation | $2.5M | $2.5M | |
| Incentive compensation plan payable | $5.5M | $4.0M | |
| Accrued interest payable | $9.1M | $13.7M | |
| Total liabilities | $62.0M | $60.5M | |
| Common Stock, $0.00001 par value; 27,500,000,000 shares authorized as of February 28, 2026 and February 28, 2025 (subsequently decreased to 12,000,000,000 shares authorized effective July 15, 2026 see Summary of Common Stock Activity below); 267,872,804 and 144,124,538 shares issued, issuable and outstanding, respectively | $2.7K | $1.4K | |
| Additional paid-in capital | $117.8M | $106.5M | |
| Preferred stock to be issued | $99.1K | $99.1K | |
| Accumulated deficit | -$171.1M | -$156.5M | |
| Total stockholders deficit | -$53.2M | -$49.9M | -$40.2M |
| Total liabilities and stockholders deficit | $9.3M | $11.0M | |
| Accumulated depreciation, revenue earning devices | $3.3M | $2.3M | |
| Accumulated depreciation, fixed assets | $540.4K | $491.2K | |
| Discount of current portion of loans payable | $635.8K | $0 | |
| Discount of loans payable | $0 | $360.2K | |
| Preferred stock, shares authorized | 15.5M shares | 15.5M shares | |
| Preferred stock, shares issued | 0 shares | 0 shares | |
| Preferred stock, shares outstanding | 0 shares | 0 shares | |
| Common stock, par value | $0.00 | $0.00 | |
| Common stock, shares authorized | 27.5B shares | 27.5B shares | |
| Common stock, shares issued | 267.9M shares | 144.1M shares | |
| Common stock, shares outstanding | 267.9M shares | 144.1M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow in the latest annual report, as filed.2
| Period ending | 2026-02-28 | 2025-02-28 |
|---|---|---|
| Net loss | -$14.5M | -$18.9M |
| Depreciation and amortization | $2.1M | $1.5M |
| Inventory provision (recovery) | -$290.0K | -$494.0K |
| Bad debts expense | $138.4K | $83.7K |
| Reduction of right of use asset | $141.2K | $119.2K |
| Accretion of lease liability | $104.0K | $118.5K |
| Stock based compensation | $1.8M | $1.8M |
| Amortization of debt discounts | $536.1K | $271.2K |
| Penalty added to face value of the loan | $24.5K | |
| Gain on settlement of debt | -$3.4M | -$468.3K |
| Loss on disposal of revenue earning devices and fixed assets | $93.2K | |
| Increase in related party accrued payroll and interest | $132.3K | $71.9K |
| Accounts receivable | $224.7K | -$694.9K |
| Prepaid expenses | $294.3K | -$160.4K |
| Deposit on right of use asset | -$13.2K | |
| Security deposit on operating lease | -$3.4K | |
| Device parts inventory | -$2.1M | -$2.5M |
| Accounts payable and accrued expenses | $879.0K | $505.1K |
| Deferred compensation for CEO | -$390.7K | $1.7M |
| Customer deposits | $55.7K | $17.9K |
| Operating lease liability payments | -$238.8K | -$225.4K |
| Current portion of deferred variable payment obligations for Payments | $1.3M | $996.9K |
| Accrued interest payable | $3.8M | $4.1M |
| Net cash used in operating activities | -$9.3M | -$12.2M |
| Purchase of fixed assets | -$10.9K | -$23.7K |
| Purchase of trademarks | -$2.0K | -$6.2K |
| Purchase of investment (convertible note receivable) | -$50.0K | |
| Net cash used in investing activities | -$12.9K | -$80.0K |
| Share proceeds net of issuance costs | $5.2M | $12.7M |
| Proceeds on issuance of Series B Preferred Shares | $278.0K | |
| Redemption of Series B or Series C Preferred Shares | -$125.0K | -$389.2K |
| Proceeds on issuance of Series C Preferred Shares | $278.6K | |
| Proceeds from loans payable | $4.8M | $350.0K |
| Repayment of loans payable | -$1.3M | -$183.0K |
| Net cash provided by financing activities | $8.6M | $13.0M |
| Net change in cash | -$756.9K | $760.0K |
| Cash paid for interest | $189.0K | $94.5K |
| Cumulative Effect Adjustment RFV discount per adoption of ASU 2020-06 at March 1, 2024 | $4.2M | |
| Right of use asset for lease liability | $53.7K | |
| Transfer from device parts inventory to fixed assets | $2.7M | $3.5M |
| Series C penalty shares issued | $324.4K | |
| Discount applied to face value of loans | $811.7K | |
| Exchange of Series F Preferred Shares for loans payable | $400.0K | |
| Exchange of loans payable and accrued interest for common shares | $6.5M | $562.0K |
| Convertible note receivable exchanged for investment at cost | $50.0K | |
| Dividend on Series B or Series C Preferred Shares paid in Series B or Series C Preferred Shares | $58.1K | $5.2K |
Compare Artificial Intelligence Technology Solutions Inc. with another company
Former names
- ON THE MOVE SYSTEMS CORP.Aug 4, 2010 to Jul 16, 20183
Recent filings
- Oct 14, 20268-K
- Oct 7, 20268-K
- Oct 6, 20268-K
- Oct 5, 20268-K
- Sep 30, 20268-K
- Sep 24, 20268-K
- Sep 23, 20268-K
- Sep 18, 20268-K
- Sep 16, 20268-K
- Sep 15, 20268-K
- Sep 14, 20268-K
- Sep 10, 20268-K
- Sep 9, 20268-K
- Sep 8, 20268-K
- Sep 3, 20268-K
Every filing from the last three years, summarized. The full record is on SEC EDGAR.1
Sources
The numbers on this page point here. Each one links to the record it came from.
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