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Red Flags Detected

  • Material Weakness (worsened) — Amendment discloses that the authorized-share misstatement resulted from the existing material weakness in disclosure controls, demonstrating the weakness caused an actual error in a filed report.
  • Going Concern (unchanged) — Company disclosed substantial doubt about ability to continue as a going concern due to negative cash flow of $9.3M, accumulated deficit of $171.1M, and negative working capital of $17.0M.
OTC: AITX Artificial Intelligence Technology Solutions Inc. 10-K/A

AITX amends 10-K to correct authorized-share misstatement tied to material weakness

Filed July 17, 2026 · Period ending February 28, 2026 · Compared to 10-K Jun 9, 2026 · ~1 min read

Key Financials

SEC XBRL

Period financials are unchanged from the original 10-K (same period end Feb 28, 2026). This amendment updates disclosure only — see the diff below.

Key Changes

  • high

    Original 10-K misstated authorized shares as 12B at Feb 28, 2026; amendment corrects to 27.5B, with reduction to 12B not effective until July 15, 2026—nearly four months after the Board approval date reported in the original filing.

    Risk Factors: authorized share count verify on EDGAR →
  • high

    Management attributes the authorized-share error to the existing material weakness in disclosure controls, demonstrating the weakness caused an actual misstatement in a filed report. New tracking procedure requires written state confirmation and counsel sign-off before reporting capital-stock actions as effective.

    Controls: material weakness verify on EDGAR →
  • medium

    The 27.5B authorized share count persisted through the original 10-K filing period, preserving structural capacity for dilutive issuances during the intervening months between the reverse split (March 2026) and the authorized-share reduction (July 2026).

    Risk Factors: dilution capacity verify on EDGAR →

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View original filing on SEC.gov

Source-verified from EDGAR · Narrative written by AI · Jul 19, 2026 · How we verify