AURA SYSTEMS INC

Overview

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• TickerAUSI on OTC¹
• IndustryMiscellaneous Electrical Machinery, Equipment & Supplies¹
• HeadquartersStanton, California¹
• Incorporated inDE³
• Business address10541 Ashdale Street, Stanton, Ca 90680³
• Filer categoryNon-accelerated filer, Smaller reporting company³

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However, to date the commercial focus in axial flux motors has been designs using rare earth permanent magnets (“PM”).⁴ From its latest annual report

Corporate structure

AURA SYSTEMS INC sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What AURA SYSTEMS INC reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

Investments

Inventory

Properties, in its own words

The Company occupies approximately 18,000 square feet of space in Lake Forest, California. The Lake Forest facility is subject to a lease agreement with a 66-month term, effective from February 2021 through August 31, 2026. The monthly base lease rate for the Lake Forest Facility is currently $24,239 per month with a 3% annual escalation. In June 2026 we extended the lease for two more years.

Item 2 of the 10-K filed Sep 10, 2026.⁴

Leadership

Who has led AURA SYSTEMS INC, and when. Pick a name to see everywhere that person has worked.

• Chief executive officerMelvin Gagerman Dec 10, 2009 to Jun 13, 2011¹⁴
• PresidentCipora Lavut Jul 29, 2019 to Jul 29, 2019¹⁵
• PresidentMarc Hoffman Feb 10, 2006 to Feb 10, 2006¹⁶
• Chief financial officerTimothy John O'Toole Apr 5, 2018 to Apr 5, 2018¹⁷
• Chief financial officerMelvin Gagerman Feb 10, 2006 to Feb 10, 2006¹⁸
• Chief financial officerSandra Elaine Ferro Feb 10, 2006 to Feb 10, 2006¹⁹
• Chief operating officerMarc Hoffman Feb 10, 2006 to Feb 10, 2006¹⁶

Timeline

1. Jun 12, 20248-K Executive or director change³⁷
2. Aug 25, 20238-K Executive or director change³⁸
3. Apr 19, 20228-K Change of auditor³⁹
4. Mar 18, 20228-K Entered a material agreement; Other events⁴⁰
5. Feb 17, 20228-K Executive or director change⁴¹
6. Dec 10, 2009New chief executive Melvin Gagerman becomes CEO¹⁴

Filings

67 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 5 major events, 26 insider forms, 2 large holders, 14 other. The latest 20:

1. Oct 15, 2026NT 10-Q NOTIFICATION OF LATE FILING EDGAR
2. Sep 22, 202610-Q QUARTERLY REPORT EDGAR
3. Sep 10, 202610-K ANNUAL REPORT EDGAR
4. Jun 3, 2026NT 10-K NOTIFICATION OF LATE FILING EDGAR
5. Jan 20, 202610-Q QUARTERLY REPORT EDGAR
6. Jan 14, 2026NT 10-Q NOTIFICATION OF LATE FILING EDGAR
7. Oct 20, 202510-Q QUARTERLY REPORT EDGAR
8. Oct 14, 2025NT 10-Q NOTIFICATION OF LATE FILING EDGAR
9. Jul 21, 202510-Q QUARTERLY REPORT EDGAR
10. Jul 15, 2025NT 10-Q NOTIFICATION OF LATE FILING EDGAR
11. Jun 13, 202510-K ANNUAL REPORT EDGAR
12. May 29, 2025NT 10-K NOTIFICATION OF LATE FILING EDGAR
13. Jan 21, 202510-Q QUARTERLY REPORT EDGAR
14. Jan 15, 2025NT 10-Q NOTIFICATION OF LATE FILING EDGAR
15. Oct 22, 202410-Q QUARTERLY REPORT EDGAR
16. Oct 15, 2024NT 10-Q NOTIFICATION OF LATE FILING EDGAR
17. Jul 22, 202410-Q QUARTERLY REPORT EDGAR
18. Jul 16, 2024NT 10-Q NOTIFICATION OF LATE FILING EDGAR
19. Jun 12, 20248-K CURRENT REPORT EDGAR
20. Jun 4, 202410-K ANNUAL REPORT EDGAR

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

37 open-market trades by officers, directors and large owners since October 2021: 0 buys and 37 sales. Grants, option exercises and gifts are left out.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

• Warren BreslowSC 13G/A, 2 filings Jan 26, 2022 to Jan 24, 2023⁴²

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How AURA SYSTEMS INC is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

• Name on EDGARAURA SYSTEMS INC¹
• CIK0000826253
• Employer ID (EIN)95-4106894⁴
• Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company⁴
• Incorporated inDelaware⁴
• Fiscal year endsFebruary 28¹
• Industry code (SIC)3690 Miscellaneous Electrical Machinery, Equipment & Supplies¹
• SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance¹
• Business address10541 Ashdale Street, Stanton, CA 90680¹
• Phone3106435300¹
• Shares outstanding149,401,844 as of Aug 31, 2026¹¹
• Public float$31.3M as of Aug 31, 2025⁴
• AuditorWeinberg & Company, P.A., Los Angeles, California PCAOB ID 572; no auditor attestation of internal control over financial reporting⁴
• On EDGAR sinceJul 17, 1995¹
• Filings525 in all: 10-Q (94), 8-K (81), 4 (65), 3 (32), NT 10-Q (32), 10-K (31), SC 13G (22), NT 10-K (21)¹
  All 41 form types

  UPLOAD (13), 10-Q/A (12), 5 (12), 10-K/A (11), SC 13G/A (11), DEF 14A (10), CORRESP (9), SC 13D (8), 8-K/A (6), PRE 14A (6), S-3/A (6), 4/A (5), S-3 (5), REGDEX (4), S-1/A (4), 424B3 (3), SC 13D/A (3), D (2), DEFR14A (2), S-1 (2), 3/A (1), 5/A (1), 8-A12G/A (1), DEFA14A (1), DEFC14A (1), DEFN14A (1), EFFECT (1), NT 10-Q/A (1), NTN 10Q (1), PREC14A (1), PRER14A (1), PRRN14A (1), RW (1)

• Latest filingsAnnual report (10-K) Sep 10, 2026
  Quarterly report (10-Q) Sep 22, 2026
  Proxy statement (DEF 14A) Dec 22, 2017
  Latest 8-K (8-K) Jun 12, 2024

Risk factors and legal proceedings

The risks AURA SYSTEMS INC names in Item 1A of its 10-K filed Sep 10, 2026: 22 risks under these headings, as written.⁴

• We have been a party to litigation, a consent solicitation and a proxy contest with shareholders controlling a majority of the Company’s stock, which is costly and time-consuming and has had a material adverse effect on our business, results of operations and financial condition and could adversely affect our stock price.
• The effects of a pandemic or widespread outbreak of an illness, such as the COVID-19 pandemic, has had and could continue to have a material adverse impact on our business, results of operations and financial condition.
• We derive a substantial portion of our revenues from customers in industries susceptible to trends and factors affecting those industries.
• We will need additional capital in the future to meet our obligations, and financing may not be available. During Fiscal 2026 and Fiscal 2025, the Company increased its engineering and manufacturing activities, but it still struggled with meeting its financial requirements. If we cannot obtain additional capital, we will not be able to continue our operations.
• If we do not receive additional financing when and as needed, we may not be able to continue the research, development and commercialization of our technology and products. In that case, our business and results of operations would be materially and adversely affected.
• Our intellectual property rights are valuable, and any inability or failure to protect them could reduce the value of our products, services and brand, which would have a material adverse effect on our business.
• We occasionally become subject to commercial disputes that could harm our business by distracting our management from the operation of our business, by increasing our expenses and, if we do not prevail, by subjecting us to potential monetary damages and other remedies.
• In the future we may be named in litigation, all of which will require significant management time and attention, result in significant legal expenses and may result in an unfavorable outcome, which could have a material adverse effect on our business, operating results and financial condition.
• We have substantial indebtedness and obligations to pay interest.
• Our business is not diversified. If we cannot increase market acceptance of our products, modify our products and services, or compete with new technologies, we may never be profitable.
• Most of our competitors are larger and better financed than we are and have a greater presence in the marketplace. Our business may be adversely affected by industry competition.
• We may not be able to establish an effective distribution network or strategic OEM relationships; in which case our sales will not increase as expected and our financial condition and results of operations would be adversely affected.

Legal proceedings

We are subject to the legal proceedings and claims discussed below as well as certain other legal proceedings and claims that have not been fully resolved and that have arisen in the ordinary course of business. Our management evaluates our exposure to these claims and proceedings individually and in the aggregate and evaluates potential losses on such litigation if the amount of the loss is estimable and the loss is probable. However, the outcome of legal proceedings and claims brought against the Company is subject to significant uncertainty. Although management considers the likelihood of such an outcome to be remote, if one or more of these legal matters were resolved against the Company for amounts in excess of management’s expectations, the Company’s financial statements for that reporting period could be materially adversely affected. The Company settled certain matters subsequent to year end that did not individually or in the aggregate, have a material impact on the Company’s financial condition or operating results.

Between July 2017 and March 2022, the Company was engaged in litigation with a former director, Robert Kopple, relating to debt and warrants, which Mr. Kopple and his affiliated entities (collectively the “Kopple Parties”) claimed should have been originally issued to them pursuant to various agreements with the Company entered to between 2013-2016.

The opening of Item 3, Legal Proceedings.⁴