Aura Systems Files Q3 2025 10-Q Report

TL;DR

AURA filed its 10-Q for Nov 30, 2024. All good.

AI Summary

Aura Systems, Inc. filed its 10-Q for the quarterly period ended November 30, 2024. The company, incorporated in Delaware with its principal executive offices in Lake Forest, CA, operates in the miscellaneous electrical machinery sector. The filing indicates it has submitted all required reports under Section 13 or 15(d) of the Securities Exchange Act of 1934.

Why It Matters

This 10-Q filing provides investors with an update on Aura Systems' financial performance and operational status for the third quarter of fiscal year 2025, which ended November 30, 2024.

Risk Assessment

Risk Level: low — This is a standard quarterly filing and does not contain any immediately apparent negative or high-risk information.

Key Players & Entities

• AURA SYSTEMS, INC. (company) — Registrant
• November 30, 2024 (date) — Quarterly period end date
• Delaware (jurisdiction) — State of incorporation
• 95-4106894 (identifier) — I.R.S. Employer Identification No.
• 20431 North Sea Circle Lake Forest , CA 92630 (address) — Address of principal executive offices
• (310) 643-5300 (phone_number) — Registrant's telephone number

FAQ

Key Financial Figures

• $0.0001 — nuary 17, 2025 Common Stock, par value $0.0001 per share 115,780,011 AURA SYSTEMS, I

Filing Documents

• ea0228067-10q_aura.htm (10-Q) — 585KB
• ea022806701ex31-1_aura.htm (EX-31.1) — 10KB
• ea022806701ex31-2_aura.htm (EX-31.2) — 10KB
• ea022806701ex32-1_aura.htm (EX-32.1) — 6KB
• ea022806701ex32-2_aura.htm (EX-32.2) — 8KB
• 0001213900-25-004951.txt ( ) — 4851KB
• ausi-20241130.xsd (EX-101.SCH) — 55KB
• ausi-20241130_cal.xml (EX-101.CAL) — 32KB
• ausi-20241130_def.xml (EX-101.DEF) — 271KB
• ausi-20241130_lab.xml (EX-101.LAB) — 459KB
• ausi-20241130_pre.xml (EX-101.PRE) — 279KB
• ea0228067-10q_aura_htm.xml (XML) — 508KB

SIGNATURES

SIGNATURES AND CERTIFICATIONS 25 i

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

FINANCIAL STATEMENTS

ITEM 1. FINANCIAL STATEMENTS AURA SYSTEMS, INC. CONDENSED BALANCE SHEETS November 30, 2024 February 29, 2024 (amounts in thousands, except share data) (Unaudited) Assets Current assets Cash and cash equivalents $ 21 $ 124 Inventories 38 20 Prepaid and other current assets 200 175 Total current assets 259 319 Property and equipment, net 663 378 Operating lease right-of-use asset 457 607 Lease security deposit 160 160 Total assets $ 1,539 $ 1,464 Liabilities and Shareholders' Deficit Current liabilities Accounts payable and accrued expenses $ 2,475 $ 2,625 Accrued interest 2,282 2,598 Customer advances 447 447 Convertible notes payable – past due 1,513 1,508 Convertible notes payable-related party, current portion – $ 3,020 past due 4,270 3,020 Notes payable current portion 275 119 Notes payable-related parties, current portion – past due 782 4,632 Operating lease liability, current portion 263 238 Derivative liability 19,993 - Total current liabilities 32,300 15,187 Notes payable, non-current portion 454 286 Convertible note payable-related party, non-current portion 8,015 - Notes payable-related parties, non-current portion - 7,088 Operating lease liability 221 423 Total liabilities 40,990 22,984 Commitments and contingencies - - Shareholders' deficit Common stock: $ 0.0001 par value; 150,000,000 shares authorized; 114,860,011 and 104,591,648 issued and outstanding November 30, 2024, and February 29, 2024, respectively 11 10 Additional paid-in capital 461,716 457,460 Accumulated deficit ( 501,178 ) ( 478,990 ) Total shareholders' deficit ( 39,451 ) ( 21,520 ) Total liabilities and shareholders' deficit $ 1,539 $ 1,464 The accompanying notes are an integral part of these unaudited financial statements 1 AURA SYSTEMS, INC. CONDENSED STATEMENTS OF OPERATIONS (Unaudited) Three-Months Ended Nine-Months Ended November 30, Novem

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View this 10-Q filing on SEC EDGAR