Artificial Intelligence Technology Solutions Inc.

Income statement waterfall. Green diagonal stripes add to the running result, red diagonal stripes subtract from it, and a thin axis line marks the loss-zone boundary.

• Revenue: $1.83M. Running result $1.83M. Revenue: $1.83M.
• Cost of revenue: −$647.38K. Running result $1.18M.
• Gross profit: $1.18M. Running result $1.18M.
• Research and development (see Note 10): −$885.59K. Running result $298.23K.
• General and administrative: −$2.91M. Running result −$2.61M.
• Depreciation and amortization: −$32.65K. Running result −$2.64M.
• Operating lease cost and rent: −$67.37K. Running result −$2.71M.
• Operating income: −$2.71M. Running result −$2.71M.
• Other expense: −$3.01M. Running result −$5.72M.
• Pre-tax loss: −$5.72M. Running result −$5.72M.
• Income tax benefit: $0. Running result −$5.72M.
• Net loss: −$5.72M. Running result −$5.72M.