AITX restates May-quarter filing to correct authorized common stock disclosure error
AITX•Quarterly results and disclosure controls
Authorized common stock stayed at 27,500,000,000 shares through May 31, 2026, then dropped to 12,000,000,000 effective July 15, 2026.
Net loss was $5.72 million on revenue of $1.83 million for the quarter.
Disclosure controls and procedures were deemed ineffective as of May 31, 2026, tied to a material weakness in financial statement disclosure controls.
Amended quarterly report corrects stock disclosure
Artificial Intelligence Technology Solutions filed an amended quarterly report with restated disclosures for the quarter ended May 31, 2026.
The filing corrected an earlier statement on authorized common stock, leaving results such as assets, liabilities, revenue, net loss, equity, and EPS unchanged.
