{"filing": {"accession": "0001493152-26-027796", "cik": "0001498148", "ticker": "AITX", "company_name": "Artificial Intelligence Technology Solutions Inc.", "form_type": "10-K", "filing_type": "10-K", "filing_date": "2026-06-09", "accepted_datetime": null, "acceptance_datetime": null, "accepted_at": null, "primary_doc_url": "https://www.sec.gov/Archives/edgar/data/1498148/000149315226027796/0001493152-26-027796-index.htm", "filing_url": "https://www.sec.gov/Archives/edgar/data/1498148/000149315226027796/0001493152-26-027796-index.htm", "period_of_report": "2026-02-28"}, "html_url": "/api/filings/000149315226027796/stream", "exhibits": [], "sections": [{"section_name": "part_3", "section_title": "Part III", "start_position": 2349, "end_position": 4509}, {"section_name": "part_1", "section_title": "Part I", "start_position": 4509, "end_position": 4523}, {"section_name": "item_1", "section_title": "Business", "start_position": 4523, "end_position": 4548}, {"section_name": "item_1a", "section_title": "Risk Factors", "start_position": 4548, "end_position": 4579}, {"section_name": "item_1b", "section_title": "Unresolved Staff Comments", "start_position": 4579, "end_position": 4624}, {"section_name": "item_1c", "section_title": "Cybersecurity", "start_position": 4624, "end_position": 4656}, {"section_name": "item_2", "section_title": "Properties", "start_position": 4656, "end_position": 4684}, {"section_name": "item_3", "section_title": "Legal Proceedings", "start_position": 4684, "end_position": 4720}, {"section_name": "item_4", "section_title": "Mine Safety Disclosures", "start_position": 4720, "end_position": 4762}, {"section_name": "part_2", "section_title": "Part II", "start_position": 4762, "end_position": 4777}, {"section_name": "item_5", "section_title": "Market for Registrant's Common Equity", "start_position": 4777, "end_position": 4904}, {"section_name": "item_6", "section_title": "Selected Financial Data", "start_position": 4904, "end_position": 5050}, {"section_name": "item_7a", "section_title": "Quantitative and Qualitative Disclosures", "start_position": 5050, "end_position": 5128}, {"section_name": "item_8", "section_title": "Financial Statements", "start_position": 5128, "end_position": 5294}, {"section_name": "item_9a", "section_title": "Controls and Procedures", "start_position": 5294, "end_position": 5337}, {"section_name": "item_9b", "section_title": "Other Information", "start_position": 5337, "end_position": 5390}, {"section_name": "item_10", "section_title": "Directors and Executive Officers", "start_position": 5390, "end_position": 5464}, {"section_name": "item_11", "section_title": "Executive Compensation", "start_position": 5464, "end_position": 5506}, {"section_name": "item_12", "section_title": "Security Ownership", "start_position": 5506, "end_position": 5620}, {"section_name": "item_13", "section_title": "Certain Relationships", "start_position": 5620, "end_position": 5771}, {"section_name": "part_4", "section_title": "Part IV", "start_position": 5771, "end_position": 5786}, {"section_name": "item_15", "section_title": "Exhibits and Financial Statement Schedules", "start_position": 5786, "end_position": 109647}, {"section_name": "item_7", "section_title": "Management's Discussion and Analysis", "start_position": 109647, "end_position": 318537}], "tables": [{"table_index": 0, "table_type": "text", "caption": null, "header_text": "Nevada27-2343603"}, {"table_index": 1, "table_type": "text", "caption": null, "header_text": "10800\n Galaxie Avenue,Ferndale,MI48220"}, {"table_index": 2, "table_type": "text", "caption": null, "header_text": "Title\n of each className\n of each exchange on which registered"}, {"table_index": 3, "table_type": "text", "caption": null, "header_text": "Large\n accelerated filer\u2610Accelerated\n filer\u2610"}, {"table_index": 5, "table_type": "exhibit_index", "caption": null, "header_text": "Page"}, {"table_index": 51, "table_type": "text", "caption": null, "header_text": "HighLow"}, {"table_index": 58, "table_type": "text", "caption": null, "header_text": "Plan CategoryNumber\n of Securities tobe\n issued upon exerciseof\n outstanding options,warrants\n andrightsWeighted\n averageexercise\n price ofoutstandingoptions,warrants\n andrightsNumber\n ofsecuritiesrem"}, {"table_index": 65, "table_type": "text", "caption": null, "header_text": "DateTransactionConsiderationShares\n Issued"}, {"table_index": 66, "table_type": "text", "caption": null, "header_text": "DateTransactionConsiderationShares\n Issued"}, {"table_index": 67, "table_type": "text", "caption": null, "header_text": "DateTransactionConsiderationShares\n Issued"}, {"table_index": 72, "table_type": "financial", "caption": null, "header_text": "Period"}, {"table_index": 73, "table_type": "text", "caption": null, "header_text": "Year\n EndedYear\n EndedChange"}, {"table_index": 74, "table_type": "financial", "caption": null, "header_text": "PeriodChange"}, {"table_index": 77, "table_type": "financial", "caption": null, "header_text": "\u25cfResearch\n and development expenses increased by $665,597 as the Company continued to focus on current product development , new software solutions\n and improvements."}, {"table_index": 78, "table_type": "text", "caption": null, "header_text": "\u2014For\n the year ended February 28, 2026 stock based compensation to CEO in equity awards was $1,500,000 with a charge of $315,848 for the\n Employee Stock Option Plan (ESOP) all totaling $1,815,848 comp"}, {"table_index": 79, "table_type": "financial", "caption": null, "header_text": "\u2014Wages,\n salaries and payroll levies for the staff increased by $91,609 due to staff increases (2)."}, {"table_index": 80, "table_type": "financial", "caption": null, "header_text": "\u25cfOperating\n lease cost and rent increased by $11,152. These are due to new short -term leases in the current year."}, {"table_index": 83, "table_type": "financial", "caption": null, "header_text": "\u25cfInterest\n expense increased by $544,558 due to the following : Amortization of debt discounts increased by $264,835, and for the year ended\n February 28, 2026 was $536,070 compared with $271,235 for "}, {"table_index": 86, "table_type": "financial", "caption": null, "header_text": "February\n 28, 2026February\n 28, 2025"}, {"table_index": 87, "table_type": "text", "caption": null, "header_text": "Year\n EndedFebruary\n 28, 2026Year\n EndedFebruary\n 28, 2025"}, {"table_index": 90, "table_type": "text", "caption": null, "header_text": "Computer equipment3 years"}, {"table_index": 91, "table_type": "financial", "caption": null, "header_text": "\u25cfDoes\n the agreement purport, in substance, to be a sale"}, {"table_index": 96, "table_type": "financial", "caption": null, "header_text": "\u25cfLevel\n 1 \u2013 Unadjusted quoted prices in active markets for identical assets or liabilities that are accessible at the measurement date."}, {"table_index": 97, "table_type": "financial", "caption": null, "header_text": "Amount\n atFair\n Value Measurement Using"}, {"table_index": 101, "table_type": "financial", "caption": null, "header_text": "\u25cfProvide\n reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with\n accounting principles generally accepted in the United Stat"}, {"table_index": 106, "table_type": "text", "caption": null, "header_text": "NameAgePosition"}, {"table_index": 107, "table_type": "text", "caption": null, "header_text": "(1)Director\n as of March 2, 2021"}, {"table_index": 112, "table_type": "text", "caption": null, "header_text": "Name and Principal\n PositionFiscalYearSalaryorFees($)Bonus($)StockAwards(2)($)OptionAwards($)Non-EquityIncentive PlanCompensation($)Non-QualifiedDeferredCompensationEarnings($)All\n OtherCompensation($"}, {"table_index": 113, "table_type": "financial", "caption": null, "header_text": "(1)Steven\n Reinharz was appointed Chief Executive Officer, Chief Financial Officer and Secretary on March 2, 2021.Mr.Reinharz ceased being Chief\n Financial Officer on June 24, 2021 and on that date ap"}, {"table_index": 114, "table_type": "text", "caption": null, "header_text": "OPTION\n AWARDSSTOCK\n AWARDS"}, {"table_index": 117, "table_type": "text", "caption": null, "header_text": "\u25cfeach\n of our executive officers;"}, {"table_index": 118, "table_type": "text", "caption": null, "header_text": "Amount andNature of"}, {"table_index": 119, "table_type": "text", "caption": null, "header_text": "(1)Beneficial\n ownership is determined in accordance with the rules of the Securities and Exchange Commission and generally includes voting or investment\n power with respect to securities. Beneficial "}, {"table_index": 123, "table_type": "text", "caption": null, "header_text": "2026"}, {"table_index": 124, "table_type": "text", "caption": null, "header_text": "2025"}, {"table_index": 129, "table_type": "exhibit_index", "caption": null, "header_text": "Exhibit\n No.Description\n of Document"}, {"table_index": 133, "table_type": "text", "caption": null, "header_text": "ARTIFICIAL\n INTELLIGENCE TECHNOLOGY SOLUTIONS INC."}, {"table_index": 134, "table_type": "text", "caption": null, "header_text": "SignatureTitleDate"}, {"table_index": 137, "table_type": "financial", "caption": null, "header_text": "Report of Independent Registered Public Accounting FirmF-2"}, {"table_index": 143, "table_type": "financial", "caption": null, "header_text": "February\n 28,2026February\n 28,2025"}, {"table_index": 146, "table_type": "financial", "caption": null, "header_text": "Year\n EndedFebruary 28,2026Year\n EndedFebruary 28,2025"}, {"table_index": 149, "table_type": "text", "caption": null, "header_text": ""}, {"table_index": 152, "table_type": "text", "caption": null, "header_text": ""}, {"table_index": 155, "table_type": "financial", "caption": null, "header_text": "Year\n EndedFebruary 28,2026Year\n EndedFebruary 28,2025"}, {"table_index": 162, "table_type": "text", "caption": null, "header_text": "Computer\n equipment3years"}, {"table_index": 165, "table_type": "financial", "caption": null, "header_text": "\u25cfDoes\n the agreement purport, in substance, to be a sale"}, {"table_index": 172, "table_type": "financial", "caption": null, "header_text": "\u25cfLevel\n 1 \u2013 Unadjusted quoted prices in active markets for identical assets or liabilities that are accessible at the measurement date."}, {"table_index": 173, "table_type": "financial", "caption": null, "header_text": "Amount\n atFair\n Value Measurement Using"}, {"table_index": 178, "table_type": "financial", "caption": null, "header_text": "Year\n EndedFebruary 28,2026Year\n EndedFebruary 28,2025"}, {"table_index": 179, "table_type": "financial", "caption": null, "header_text": "LeasesClassificationFebruary\n 28,2026February\n 28,2025"}, {"table_index": 182, "table_type": "financial", "caption": null, "header_text": "February\n 28,2026February\n 28,2025"}, {"table_index": 183, "table_type": "financial", "caption": null, "header_text": "Depreciation\n and Amortization REDYear\n EndedFebruary 28,2026Year\n EndedFebruary 28,2025"}, {"table_index": 186, "table_type": "financial", "caption": null, "header_text": "February\n 28,2026February\n 28,2025"}, {"table_index": 187, "table_type": "financial", "caption": null, "header_text": "Depreciation\n and AmortizationYear\n EndedFebruary 28,2026Year\n EndedFebruary 28,2025"}, {"table_index": 190, "table_type": "financial", "caption": null, "header_text": "(1)The\n investor would pay up to $400,000in exchange for a perpetual4% rate Payment on the Company\u2019s reported quarterly Revenues.\n At February 29, 2020, $400,000has been paid to the Company."}, {"table_index": 193, "table_type": "text", "caption": null, "header_text": "1)The\n rate payment was reduced from14.25% to9.65%"}, {"table_index": 198, "table_type": "text", "caption": null, "header_text": "DateMaturityDescriptionPrincipalInterest\n Rate"}, {"table_index": 202, "table_type": "financial", "caption": null, "header_text": "(1)This\n note was transferred from convertible notes payable because in August 2022 it was no longer convertible due to restrictions placed\n on the lender."}, {"table_index": 205, "table_type": "financial", "caption": null, "header_text": "(9)The\n note, with an original principal amount of $550,000, may be pre-payable at any time. The note balance includes an original issue\n discount of $250,000and was issued with a warrant to purchase5"}, {"table_index": 208, "table_type": "financial", "caption": null, "header_text": "(13)This\n loan, with an original principal balance of $4,000,160, was in exchange for184Series F preferred shares from a former director.\n The interest and principal are payable at maturity. The loan "}, {"table_index": 211, "table_type": "financial", "caption": null, "header_text": "(19)Original\n $350,000note may be pre-payable at any time. The note balance includes an original issue discount of $50,000. Principal and interest\n due at maturity. Secured by a general security charg"}, {"table_index": 214, "table_type": "financial", "caption": null, "header_text": "(21)On\n November 30, 2023, the Company entered into an agreement where the lender will pay the Company\n $350,000in exchange forthirteen future monthly payments of $36,750 commencing on April\n 30,2024 "}, {"table_index": 217, "table_type": "financial", "caption": null, "header_text": "(31)Original\n $450,000note may be pre-payable at any time. The note balance includes an original issue\n discount of $50,000. Principal and interest due at maturity. Secured by a general security\n char"}, {"table_index": 218, "table_type": "financial", "caption": null, "header_text": "(35)Original\n $330,000note may be pre-payable at any time. The note balance includes an original issue\n discount of $30,000. Principal and interest due at maturity. Secured by a general security\n char"}, {"table_index": 219, "table_type": "financial", "caption": null, "header_text": "(37)Original\n $330,000note may be pre-payable at any time. The note balance includes an original issue\n discount of $30,000. Principal and interest due at maturity. Secured by a general security\n char"}, {"table_index": 230, "table_type": "text", "caption": null, "header_text": "Number\n ofSeries FPreferredWarrantsWeightedAverageExercise PriceWeightedAverageRemainingYears"}, {"table_index": 233, "table_type": "text", "caption": null, "header_text": "\u2014the\n Company issued50,403,802common shares with gross proceeds of $5,185,344and net proceeds of $4,801,184after paid issuance costs\n of $274,161. Included in these common shares was a commitment fee "}, {"table_index": 234, "table_type": "text", "caption": null, "header_text": "\u2014the\n Company issued49,796,369common shares with gross proceeds of $13,697,245and net proceeds of $13,120,679after paid issuance costs\n of $576,565. Included in the net proceeds are $418,669in share p"}, {"table_index": 235, "table_type": "text", "caption": null, "header_text": "Number\n ofWarrantsWeighted\n AverageExercise PriceWeighted\n AverageRemaining Years"}, {"table_index": 244, "table_type": "text", "caption": null, "header_text": "Number\n ofOptionsWeightedAverageExercise PriceWeighted\n AverageRemainingYears"}, {"table_index": 245, "table_type": "text", "caption": null, "header_text": "Number\n ofOptionsWeightedAverageExercise PriceWeighted\n AverageRemainingYears"}, {"table_index": 248, "table_type": "financial", "caption": null, "header_text": "Maturity of\n Lease LiabilitiesOperatingLeases"}, {"table_index": 251, "table_type": "text", "caption": null, "header_text": "20262025"}, {"table_index": 252, "table_type": "text", "caption": null, "header_text": "20262025"}, {"table_index": 255, "table_type": "text", "caption": null, "header_text": "February\n 28,2026February\n 28,2025"}, {"table_index": 256, "table_type": "financial", "caption": null, "header_text": "February\n 28,2026"}, {"table_index": 257, "table_type": "financial", "caption": null, "header_text": "February\n 28,2025"}, {"table_index": 260, "table_type": "financial", "caption": null, "header_text": "February\n 28,2026February\n 28,2025"}, {"table_index": 273, "table_type": "text", "caption": null, "header_text": "\u2014on\n May 4, 2026, the Company issued a convertible, redeemable note to a lender for $700,000with\n cash proceeds of $630,000and an original issue discount of $70,000. The loan bears interest\n at12%, an"}], "exhibits_pending": true, "cdn_html": true, "response_time_ms": 32}