v3.24.3

Condensed Balance Sheets - USD ($) $ in Thousands	Aug. 31, 2024	Feb. 29, 2024
Current assets
Cash and cash equivalents	$ 15	$ 124
Accounts receivable	16
Inventories	33	20
Prepaid and other current assets	83	175
Total current assets	147	319
Property and equipment, net	701	378
Operating lease right-of-use asset	496	607
Lease security deposit	160	160
Total assets	1,504	1,464
Current liabilities
Accounts payable and accrued expenses	2,398	2,625
Accrued interest	1,989	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	5,020
Notes payable current portion	145	119
Operating lease liability, current portion	257	238
Derivative liability	20,799
Total current liabilities	33,350	15,187
Notes payable, non-current portion	395	286
Convertible note payable-related party, non-current portion	7,261
Operating lease liability	268	423
Total liabilities	41,274	22,984
Commitments and contingencies
Shareholders’ deficit
Common stock: $0.0001 par value; 150,000,000 shares authorized; 111,544,011 and 104,591,648 issued and outstanding August 31, 2024, and February 29, 2024, respectively	11	10
Additional paid-in capital	460,857	457,460
Accumulated deficit	(500,638)	(478,990)
Total shareholders’ deficit	(39,770)	(21,520)
Total liabilities and shareholders’ deficit	1,504	1,464
Related Party
Current liabilities
Convertible notes payable-related party, current portion – $3,020 past due	5,020	3,020
Notes payable-related parties, current portion – past due	782	4,632
Convertible note payable-related party, non-current portion	7,261
Notes payable-related parties, non-current portion		$ 7,088

Sum of the carrying values as of the balance sheet date of obligations incurred through that date and due within one year (or the operating cycle, if longer), including liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received, taxes, interest, rent and utilities, accrued salaries and bonuses, payroll taxes and fringe benefits.

AURA SYSTEMS INC 10-Q