ARTIFICIAL INTELLIGENCE TECHNOLOGY SOLUTIONS INC.: 10-Q filed 2018-07-16

Name: ARTIFICIAL INTELLIGENCE TECHNOLOGY SOLUTIONS INC.: 10-Q filed 2018-07-16
Creator: ARTIFICIAL INTELLIGENCE TECHNOLOGY SOLUTIONS INC.

What ARTIFICIAL INTELLIGENCE TECHNOLOGY SOLUTIONS INC. reported in its quarterly report filed 2018-07-16 (fiscal Q1 2019): 35 published measures, 65 facts as tagged in accession 0001161697-18-000374.

This filing

Form: 10-Q (quarterly report)
Filed: 2018-07-16
Fiscal period: fiscal Q1 2019
Accession: 0001161697-18-000374 on SEC EDGAR

Values are as tagged in this filing. A later filing can restate them; each measure links to its history page, which shows the latest-filed value per period. All ARTIFICIAL INTELLIGENCE TECHNOLOGY SOLUTIONS INC. filings.

Reported measures

Total assets

Resources recognized on the balance sheet. Book assets are not the market value of the business.

Period	Value	Unit	Days
At 2018-05-31	904,930	USD
At 2018-02-28	736,583	USD

Total liabilities

Recognized obligations at the reporting date. The definition and scope differ from interest-bearing debt.

Period	Value	Unit	Days
At 2018-05-31	19,294,820	USD
At 2018-02-28	34,999,500	USD

Stockholders equity

The reported residual interest after liabilities. It is an accounting amount, not market capitalization.

Period	Value	Unit	Days
At 2018-05-31	-18,389,890	USD
At 2018-02-28	-34,262,917	USD

Cash and cash equivalents

Cash and qualifying short-term liquid investments under the filer’s accounting policy. Restricted cash and longer-term investments may be reported separately.

Period	Value	Unit
At 2018-05-31	135,350	USD
At 2018-02-28	24,773	USD
At 2017-05-31	16,009	USD
At 2017-02-28	56,907	USD

Net income or loss

Reported profit or loss for the period. Check the filing for attribution, exceptional items and discontinued operations before comparing companies.

Period	Value	Unit	Days
2018-03-01 to 2018-05-31	14,404,951	USD	92
2017-03-01 to 2017-05-31	-351,975	USD	92

Operating cash flow

Cash generated or used by operating activities. Working-capital timing can make this differ substantially from reported income.

Period	Value	Unit	Days
2018-03-01 to 2018-05-31	-677,324	USD	92
2017-03-01 to 2017-05-31	-342,538	USD	92

Revenue

Revenue under this specific accounting concept. A missing value is not zero; filers can use other revenue concepts.

Period	Value	Unit	Days
2018-03-01 to 2018-05-31	16,666	USD	92

Financing cash flow

Net cash from financing activities, including borrowing, repayments and transactions with owners. A positive amount does not establish operating profitability.

Period	Value	Unit	Days
2018-03-01 to 2018-05-31	907,552	USD	92
2017-03-01 to 2017-05-31	407,770	USD	92

Investing cash flow

Net cash from investing activities, including asset purchases, disposals and investment transactions. This differs from capital expenditure payments alone.

Period	Value	Unit	Days
2018-03-01 to 2018-05-31	-119,651	USD	92
2017-03-01 to 2017-05-31	-106,130	USD	92

Retained earnings or deficit

Accumulated undistributed earnings or deficit at the reporting date. This balance is not cash available for distribution.

Period	Value	Unit	Days
At 2018-05-31	-21,099,078	USD
At 2018-02-28	-35,504,029	USD

Basic weighted-average shares

Time-weighted shares used for basic earnings per share. This denominator differs from shares outstanding at a single reporting date.

Period	Value	Unit	Days
2018-03-01 to 2018-05-31	133,105,889	shares	92

Basic earnings per share

Reported earnings or loss per basic common share or unit. Inspect attribution, share classes and restatements before comparing periods. This is not a market return.

Period	Value	Unit	Days
2018-03-01 to 2018-05-31	0.11	USD/shares	92

Diluted earnings per share

Reported earnings or loss per share under dilution rules. Antidilutive instruments may be excluded. A diluted value can equal the basic value without implying no potential dilution.

Period	Value	Unit	Days
2018-03-01 to 2018-05-31	0.01	USD/shares	92
2017-03-01 to 2017-05-31	-0.01	USD/shares	92

Net property, plant and equipment

Carrying amount of property, plant and equipment after accumulated depreciation, depletion and amortization. It is not replacement cost or market value.

Period	Value	Unit	Days
At 2018-05-31	143,193	USD
At 2018-02-28	158,205	USD

Share-based compensation expense

Reported noncash expense for share-based payment arrangements. Noncash treatment does not mean the awards have no economic cost to shareholders.

Period	Value	Unit	Days
2018-03-01 to 2018-05-31	474,712	USD	92

Operating income or loss

Operating revenue less operating expenses for the reporting period. It excludes items outside the reported operating result and is not free cash flow.

Period	Value	Unit	Days
2018-03-01 to 2018-05-31	-1,562,003	USD	92
2017-03-01 to 2017-05-31	-339,627	USD	92

Current assets

Assets classified as current under the normal operating cycle or one-year boundary. Not all current assets can be converted immediately into cash.

Period	Value	Unit	Days
At 2018-05-31	562,538	USD
At 2018-02-28	491,989	USD

Interest expense

Borrowing costs recognized as interest expense. This is distinct from cash interest paid and may not include every capitalized borrowing cost.

Period	Value	Unit	Days
2018-03-01 to 2018-05-31	2,153,084	USD	92
2017-03-01 to 2017-05-31	12,348	USD	92

Current liabilities

Obligations classified as current under the operating-cycle or one-year boundary. The balance includes more than short-term borrowing.

Period	Value	Unit	Days
At 2018-05-31	19,041,797	USD
At 2018-02-28	34,784,191	USD

Net finite-lived intangible assets

Finite-lived intangible assets after amortization. This excludes goodwill and should not be combined with indefinite-lived intangible assets without checking scope.

Period	Value	Unit	Days
At 2018-05-31	52,616	USD
At 2018-02-28	56,248	USD

Net current accounts receivable

Current customer receivables after the allowance for credit loss. The balance is not cash collected or a guarantee of collection.

Period	Value	Unit	Days
At 2018-05-31	16,759	USD
At 2018-02-28	28,000	USD

Operating expenses

Recurring operating costs under this accounting concept, generally excluding production costs included in cost of sales. Check filing presentation before combining expense subtotals.

Period	Value	Unit	Days
2018-03-01 to 2018-05-31	1,574,410	USD	92
2017-03-01 to 2017-05-31	339,627	USD	92

Net inventory

Inventory carrying amount after applicable valuation and LIFO reserves. It does not establish realizable selling proceeds or inventory turnover without other inputs.

Period	Value	Unit	Days
At 2018-05-31	309,935	USD
At 2018-02-28	316,113	USD

Gross profit

Revenue less the costs directly attributed to the goods or services sold. It precedes other operating expenses and is not net income.

Period	Value	Unit	Days
2018-03-01 to 2018-05-31	12,407	USD	92

Cost of revenue

Costs attributed to goods produced and sold and services provided during the period. This is not the sum of every operating expense.

Period	Value	Unit	Days
2018-03-01 to 2018-05-31	4,259	USD	92

Research and development expense

Research and development costs recognized as expense. Capitalization policies and acquired projects can make this differ from total cash invested in development.

Period	Value	Unit	Days
2018-03-01 to 2018-05-31	168,630	USD	92
2017-03-01 to 2017-05-31	17,317	USD	92

Common shares outstanding

Common shares outstanding at the reporting date. This point-in-time count differs from the weighted-average shares used for earnings per share and can exclude other share classes.

Period	Value	Unit	Days
At 2018-05-31	157,260,897	shares
At 2018-02-28	125,004,554	shares

Additional paid-in capital

Capital contributed above par value under this concept. It records historical contributions, not the current value of the equity or cash on hand.

Period	Value	Unit	Days
At 2018-05-31	2,370,058	USD
At 2018-02-28	1,108,308	USD

Net intangible assets excluding goodwill

Intangible assets other than goodwill after amortization and impairment. Internally developed intangibles are usually not recognized, so this understates what a company relies on.

Period	Value	Unit	Days
At 2018-05-31	52,616	USD
At 2018-02-28	56,248	USD

General and administrative expense

General and administrative costs reported under this concept, separate from selling expense. Filers group overhead differently, so compare presentation before comparing companies.

Period	Value	Unit	Days
2018-03-01 to 2018-05-31	1,383,927	USD	92
2017-03-01 to 2017-05-31	308,091	USD	92

Depreciation expense

Depreciation recognized for the period under this concept. It is a noncash allocation of asset cost and may exclude amortization and depletion reported elsewhere.

Period	Value	Unit	Days
2018-03-01 to 2018-05-31	21,853	USD	92
2017-03-01 to 2017-05-31	14,219	USD	92

Amortization of intangible assets

Amortization recognized on finite-lived intangible assets. It follows acquisition accounting and does not indicate the intangibles are losing usefulness at that rate.

Period	Value	Unit	Days
2018-03-01 to 2018-05-31	3,632	USD	92
2017-03-01 to 2017-05-31	0	USD	92

Nonoperating income or expense

Total nonoperating income or expense, which can include interest, investment results and other items. A positive value is not operating profit.

Period	Value	Unit	Days
2018-03-01 to 2018-05-31	15,966,954	USD	92
2017-03-01 to 2017-05-31	-12,348	USD	92

Interest paid, net

Cash interest paid during the period, net of amounts capitalized where the filer reports it that way. It differs from interest expense recognized.

Period	Value	Unit	Days
2018-03-01 to 2018-05-31	1,650	USD	92

Change in accounts receivable

The cash flow adjustment for the change in receivables during the period. A positive value under this concept means receivables grew and reduced operating cash flow.

Period	Value	Unit	Days
2018-03-01 to 2018-05-31	-11,241	USD	92
2017-03-01 to 2017-05-31	-7,778	USD	92

Inspect the source

Entity: ARTIFICIAL INTELLIGENCE TECHNOLOGY SOLUTIONS INC. / CIK 0001498148
Captured: 2026-09-20T09:11:08.351Z
SEC response SHA-256: 7ea8124c27416ed5b3283882da227b604d20653c4e0f3e396c0449de1a2eded5

Current SEC company facts · Download the original response snapshot (gzip) · Download the selected JSON

Every published concept a filing tagged, with the periods it covered, as reported in that filing at capture time. Forms 10-K, 10-K/A, 10-Q, 10-Q/A, 20-F, 20-F/A, 40-F, 40-F/A. A filing page needs at least 8 published concepts. Later filings can restate these values; the company history pages show the latest-filed value per period.

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Read the published dataset with Python

import json
from urllib.request import urlopen

with urlopen("https://canlicapital.com/company-data/0001498148.json") as response:
    record = json.load(response)
print(record["fetched_at"])
print(record["policy"])
for concept in record["concepts"]:
    print(concept["tag"], next(iter(concept["observations"])))