Current portion of deferred variable payment obligation
3,459,840
3,161,727
2,837,536
2,510,325
Loan payable - related party
331,946
461,633
437,984
396,940
Deferred compensation for ceo
1,990,751
1,811,856
1,392,230
1,197,683
Current portion of loans payable, net of discount of 871,697 and 635,774
26,897,629
8,848,140
6,747,115
1,825,276
Current portion of accrued interest payable
9,167,495
2,271,106
2,083,352
332,866
Total current liabilities
44,890,383
19,952,748
17,117,268
9,191,674
Non-current operating lease liability
643,129
676,694
711,842
747,619
Loans payable, net
7,953,001
24,188,380
20,535,881
25,606,435
Deferred variable payment obligation
2,525,000
2,525,000
2,525,000
2,525,000
Incentive compensation plan payable
5,500,000
5,500,000
4,000,000
4,000,000
Accrued interest payable
3,207,606
9,122,552
13,444,645
14,336,829
Total liabilities
64,719,119
61,965,374
58,334,636
56,407,557
Convertible, redeemable preferred stock, value
465,465
547,941
876,968
450,899
Preferred stock, value
-
-
0
0
Preferred stock, value-Series GPreferred Stock
-
-
0
0
Preferred stock, value-Series EPreferred Stock
3,350
3,350
3,350
3,350
Preferred stock, value-Series FPreferred Stock
2,513
2,513
2,513
2,513
Common stock, 0.00001 par value 27,500,000,000 shares authorized as of may 31, 2026 and february 28, 2026 (subsequently decreased to 12,000,000,000 shares authorized effective july 15, 2026 see summary of common stock activity below) 388,482,589 and 267,872,804 shares issued, issuable and outstanding, respectively
3,885
2,679
232,878
197,878
Additional paid-in capital
120,717,508
117,803,027
115,170,827
112,724,037
Preferred stock to be issued
99,086
99,086
99,086
99,086
Accumulated deficit
-176,931,052
-171,121,742
-165,088,555
-160,357,755
Total stockholders deficit
-56,104,710
-53,211,087
-49,579,901
-47,330,891
Total liabilities and stockholders deficit
9,079,874
9,302,228
9,631,703
9,527,566
Unit: Dollar. Numbers labeled with * are estimated quarterly values.
Time Plot
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Balance Sheets
Artificial Intelligence Technology Solutions Inc. (AITX)
Artificial Intelligence Technology Solutions Inc. (AITX)