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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of
the
Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported): September 8, 2026
ARTIFICIAL
INTELLIGENCE TECHNOLOGY SOLUTIONS, INC.
(Exact
name of registrant as specified in its charter)
| Nevada |
|
000-55079 |
|
27-2343603 |
(State
or other jurisdiction
of
incorporation) |
|
(Commission
File
Number) |
|
(IRS
Employer
Identification
No.) |
10800
Galaxie Avenue, Ferndale, Michigan 48220
(Address
of principal executive offices, including zip code)
(877)
787-6268
(Registrant’s
telephone number, including area code)
Not
Applicable
(Former
name or former address, if changed since last report)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions:
| ☐ |
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| |
|
| ☐ |
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| |
|
| ☐ |
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| |
|
| ☐ |
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities
registered pursuant to Section 12(b) of the Act: None.
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging
growth company ☐
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
When
used in this Current Report on Form 8-K, unless otherwise indicated, the terms the “Company,” “our,” or “we”
refer to Artificial Intelligence Technology Solutions, Inc. and its subsidiaries.
Item
7.01. Regulation FD Disclosure.
On
September 8, 2026, the Company issued a press release titled “AITX Accelerates Path to Positive Monthly Cash Flow through Spending
Reductions,” reporting preliminary, unaudited and unreviewed internal management information regarding cash payments across selected
operating categories for the months of July and August 2026, and providing an update on the implementation of the company-wide cost reduction
plan (the “Plan”) previously announced in the Company’s Current Report on Form 8-K furnished with the Securities and
Exchange Commission on August 3, 2026. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and
is incorporated into this Item 7.01 by reference.
The
information set forth in this Item 7.01, including Exhibit 99.1 furnished herewith, is being furnished and shall not be deemed “filed”
for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject
to the liabilities of that section, and shall not be deemed incorporated by reference into any filing under the Securities Act of 1933,
as amended (the “Securities Act”), or the Exchange Act, except as shall be expressly set forth by specific reference in such
a filing. The furnishing of this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed an admission as to the materiality
of any information contained herein or therein.
Note
Regarding Preliminary Management Information
The
July and August 2026 figures described in Exhibit 99.1 are preliminary, unaudited and unreviewed internal management figures derived
from the Company’s accounting records and remain subject to adjustment as the Company completes its monthly financial review. They
have not been audited or reviewed by the Company’s independent registered public accounting firm. The selected cash-payment amounts
are not measures calculated in accordance with generally accepted accounting principles (“GAAP”), are not measures of total
operating expenses or of net cash provided by or used in operating activities, and reflect a sequential month-over-month comparison that
is separate from the fiscal quarter ended May 31, 2026 baseline used for the Plan’s approximately $200,000 monthly cash SG&A
reduction objective. Results for a single month should not be viewed as establishing a permanent expense run rate or as indicative of
results for any future period, including the fiscal quarter ended August 31, 2026. Reference is made to the sections of Exhibit 99.1
captioned “Note Regarding Preliminary Management Information” and “Certain Information Regarding the Company’s
Financial Condition.”
Cautionary
Note Regarding Forward-Looking Statements
This
Current Report on Form 8-K and Exhibit 99.1 contain forward-looking statements, including statements regarding the amount, timing and
sustainability of the Company’s anticipated cost reductions; management’s belief that the Plan is progressing faster than
expected; the Company’s ability to reduce monthly cash selling, general and administrative expenditures by approximately $200,000
by December 31, 2026; the anticipated annualized run-rate effect of those reductions; the implementation of additional staffing, compensation
and third-party cost actions and the expectation that the remaining actions will be substantially implemented by December 31, 2026; the
Company’s ability to preserve customer deployments, service levels and revenue-generating activities while implementing the Plan;
the effect of cost reductions on the revenue growth required to achieve positive monthly cash flow from operations; and the Company’s
objective of achieving positive monthly cash flow from operations by calendar year-end.
These
statements are based on management’s current expectations and assumptions and are subject to significant risks and uncertainties.
Actual results could differ materially. Factors that could cause actual results to differ include, among others: that the preliminary,
unaudited and unreviewed figures described in Exhibit 99.1 are adjusted or revised; that month-to-month cash payments are affected by
commissions, compensation deferrals, payment timing or other factors; that anticipated cost reductions are delayed, reduced, not achieved
or not sustained; that deferred compensation and other retained obligations increase future cash requirements; that implementation costs,
severance expenses, vendor obligations or other expenditures offset some or all of the anticipated savings; that reductions in staffing,
compensation or outside services adversely affect operations, development, customer deployments, service levels or revenue-generating
activities; that revenue growth, recurring revenue, collections or cash receipts are lower than expected; that customer attrition, working
capital requirements, inventory purchases, production costs, debt service, financing costs or other cash requirements increase; that
the Company does not achieve positive monthly cash flow from operations within the anticipated period, or at all, or is unable to sustain
it once achieved; the Company’s history of losses, negative working capital and stockholders’ deficit; the substantial doubt
regarding the Company’s ability to continue as a going concern; the Company’s continued dependence on external financing,
including variable-priced equity financing that results in dilution to existing stockholders; and the other risks described in Part I,
Item 1A of the Company’s Annual Report on Form 10-K for the fiscal year ended February 28, 2026, as amended, and in the Company’s
subsequent filings with the Securities and Exchange Commission, available at www.sec.gov.
Readers
are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this Current Report. Except
as required by law, the Company undertakes no obligation to update or revise any forward-looking statement. This Current Report does
not constitute an offer to sell or the solicitation of an offer to buy any securities of the Company. The Company does not qualify for
the safe harbor for forward-looking statements provided by the Private Securities Litigation Reform Act of 1995.
Certain
Information Regarding the Company’s Financial Condition
The
information in this Current Report on Form 8-K and in Exhibit 99.1 should be read together with the following. The Company has not been
profitable in any fiscal year of its operating history and has reported significant operating losses, negative working capital and a
stockholders’ deficit. Its auditors issued a going concern qualification expressing substantial doubt about the Company’s
ability to continue as a going concern. The Company’s cash on hand is not sufficient to fund operations for any extended period
without additional financing, which may not be available on acceptable terms or at all and is expected to be dilutive to existing stockholders.
Investors should review the Company’s Annual Report on Form 10-K for the fiscal year ended February 28, 2026, as amended, and its
subsequent filings with the Securities and Exchange Commission, available at www.sec.gov, for a complete description of these matters.
Item
9.01. Financial Statements and Exhibits.
(d)
Exhibits.
| Exhibit
No. |
|
Description |
| 99.1 |
|
Press release of Artificial Intelligence Technology Solutions, Inc. dated September 8, 2026 (furnished, not filed) |
| 104 |
|
Cover
Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
| |
ARTIFICIAL INTELLIGENCE TECHNOLOGY SOLUTIONS, INC. |
| |
|
|
| Date:
September 8, 2026 |
By: |
/s/
Steve Reinharz |
| |
Name: |
Steve
Reinharz |
| |
Title: |
Chief
Executive Officer |
Exhibit
99.1
AITX
Accelerates Path to Positive Monthly Cash Flow through Spending Reductions
Selected
Operating Cash Payments Fall Nearly 14% in August as Early Progress Supports Goal of $200,000 in Monthly Cash SG&A Reductions by
December
Detroit,
Michigan, September 8, 2026 — Artificial Intelligence Technology Solutions, Inc. (the “Company”) (OTCID:AITX),
a developer and operator of AI-driven security and productivity solutions for enterprise clients, and its wholly owned subsidiary, Robotic
Assistance Devices, Inc. (RAD), today announced that actual cash payments across selected operating categories declined approximately
$141,500, or approximately 14%, in August compared with July. These preliminary, unaudited and unreviewed figures are derived from the
Company’s accounting records. The early reduction reflects initial execution of the Company’s cost reduction plan announced
August 3, 2026. With additional actions underway, management believes the plan is progressing faster than expected and remains on
track to reach its objective of reducing monthly cash SG&A spending by approximately $200,000 by calendar year-end.
“August
was our first month of execution under the plan, and the initial results are encouraging,” said Steve Reinharz, CEO, CTO and founder
of AITX. “Based on these early results and the additional actions still being implemented, we believe we are on track to reach
$200,000 in monthly cash SG&A reductions by the end of December. Cost control and revenue growth are both essential to reaching positive
monthly cash flow from operations, and accelerating the cost side lowers the revenue hurdle. That is why this early progress matters.”
Actual
cash payments within the selected operating categories totaled approximately $900,400 in August, compared with approximately $1.042 million
in July. The August 3 plan targets a reduction of approximately $200,000 in monthly cash SG&A expenditures, equivalent to approximately
$2.4 million on an annualized run-rate basis, measured against the fiscal quarter ended May 31, 2026. August represents the Company’s
first reported month of execution under the plan.
The
August decrease was led by lower cash payments for payroll, consulting and professional fees, and sales and marketing. These were the
primary areas in which the initial effects of the Company’s cost reduction plan became visible during the month.
Management
expects the balance of the plan to come from additional staffing and compensation actions, lower spending on outside consultants and
professional services, and reductions in other third-party costs. These steps are being implemented with the objective of preserving
customer deployments, service levels and the revenue-generating activities needed to support continued growth. The Company expects the
remaining actions to be substantially implemented by December 31, 2026.
Note
Regarding Preliminary Management Information
The
July and August figures presented in this release are preliminary, unaudited and unreviewed internal management figures derived from
the Company’s accounting records maintained in its NetSuite accounting software and cover AITX and all of its subsidiaries. The
figures remain subject to adjustment as the Company completes its monthly financial review. The comparison reflects cash payments across
selected operating categories applied consistently to both months and may be affected by the timing of individual payments, including
commissions and deferred compensation.
Neither
these monthly figures nor the selected cash-payment comparison has been audited or reviewed by the Company’s independent registered
public accounting firm. The Company’s interim financial statements included in its quarterly reports on Form 10-Q are reviewed
by its independent registered public accounting firm. Its annual financial statements included in its annual reports on Form 10-K are
audited by that firm.
July
included approximately $57,000 in quarterly sales commission payments that did not recur in August and are next expected in October.
August reflects approximately $50,000 in deferred compensation, which remains an obligation of the Company. Both items are included in
the actual cash-payment comparison.
August
also included approximately $46,000 in payments that are annual or non-recurring in nature: approximately $17,000 in property taxes,
approximately $20,000 for the annual directors’ and officers’ insurance renewal, and approximately $9,000 for a software
payment covering a prior month. None of these amounts were excluded from the comparison. Had they been excluded, the August decline would
have been correspondingly larger.
The
selected categories include payroll, consulting and professional fees, insurance, rent, sales and marketing, travel and entertainment,
telephone and software, and certain other operating payments. The comparison excludes inventory purchases, research and development,
the Company’s separately recorded miscellaneous one-time category, and installation costs, outbound freight, monitoring and related
delivery costs. Other than the miscellaneous one-time category, no payments were excluded from the selected categories on the basis of
being non-recurring.
These
figures are not measures of total operating expenses or net cash provided by or used in operating activities under generally accepted
accounting principles. The July-to-August comparison is a sequential measure and is separate from the quarter-ended May 31, 2026 baseline
used for the Company’s $200,000 monthly cash SG&A reduction objective. Results for one month should not be viewed as establishing
a permanent expense run rate or assuring future results.
For
purposes of this release, positive monthly cash flow from operations means that the Company’s billings exceed its operating expenses,
excluding interest expense, in a given month. This is a management-defined operational measure and differs from net cash provided by
or used in operating activities under generally accepted accounting principles. Achieving this objective depends on revenue performance
as well as cost reductions and is not assured.
About
Artificial Intelligence Technology Solutions, Inc. (AITX)
AITX
is a developer and provider of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex
challenges and drive operational efficiency. Through its family of companies, including PURSUON, Inc. (formerly RAD-M), Robotic Assistance
Devices, Inc. (RAD-I), Robotic Assistance Devices Residential (RAD-R), Robotic Assistance Devices Group (RAD-G), and Robotic Assistance
Devices Lanka (Private) Limited (RAD Lanka), AITX develops and delivers a broad range of AI-driven technologies and services designed
to transform security, automation, and operational workflows across multiple industries.
Through
its primary subsidiary, RAD-I, AITX is redefining the nearly $50 billion U.S. security and guarding services industryi with
its AI-driven Solutions-as-a-Service model. RAD solutions are specifically designed to deliver cost savings of between 35% and 80% compared
to traditional manned security and monitoring, utilizing a suite of stationary and mobile autonomous systems that complement, and in
many cases replace, human personnel in environments better suited for machines. All RAD technologies, AI-based analytics and software
platforms are developed in-house.
All
of RAD’s solutions are designed to integrate with leading industry platforms and workflows, including an integration with Immix®,
a provider of central station and remote monitoring software.
The
Company’s operations and internal controls have been validated through successful completion of its SOC 2 Type 2 audit, reinforcing
its credibility with enterprise and government clients that require rigorous data protection and compliance standards.
AITX
is led by Steve Reinharz, CEO/CTO and founder of the Company and all subsidiaries, who brings decades of experience in the security services
industry. The broader AITX leadership and its subsidiaries draw on deep expertise across security, law enforcement, and robotics innovation,
supporting the Company’s ability to deliver practical and scalable solutions.
The
Company’s solutions are deployed across a wide range of industries including enterprises, government, transportation, critical
infrastructure, education, and healthcare.
To
learn more, visit www.aitx.ai, www.radsecurity.com, www.pursuon.com, www.radgroup.ai, www.saramonitoring.ai,
www.radlightmyway.com, and www.stevereinharz.com, or follow Steve Reinharz on X @SteveReinharz. Information contained
on, or accessible through, the foregoing websites and social media accounts is not incorporated by reference into, and does not form
a part of, this press release or any of the Company’s filings with the Securities and Exchange Commission.
CAUTIONARY
DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS
This
press release contains forward-looking statements, including statements regarding the amount, timing and sustainability of the Company’s
anticipated cost reductions; management’s belief that the cost reduction plan is progressing faster than expected; the Company’s
ability to reach its objective of reducing monthly cash selling, general and administrative spending by around $200,000 by calendar year-end;
the anticipated annualized run-rate effect of those reductions; the implementation of additional staffing, compensation and third-party
cost actions; the Company’s ability to preserve customer deployments, service levels and revenue-generating activities while implementing
the plan; the effect of cost reductions on the revenue growth required to achieve positive monthly cash flow from operations; and the
Company’s objective of achieving positive monthly cash flow from operations by calendar year-end.
Forward-looking
statements are based on management’s current expectations and assumptions and are subject to significant risks and uncertainties
that could cause actual results to differ materially. These risks and uncertainties include, among others: the possibility that the preliminary,
unaudited and unreviewed internal management figures presented in this release are adjusted or revised; that month-to-month cash payments
are affected by commissions, compensation deferrals, payment timing or other factors; that anticipated cost reductions are delayed, reduced,
not achieved or not sustained; that deferred compensation and other retained obligations increase future cash requirements; that implementation
costs, severance expenses, vendor obligations or other expenditures offset some or all of the anticipated savings; that reductions in
staffing, compensation or outside services adversely affect operations, development, customer deployments, service levels or revenue-generating
activities; that revenue growth, recurring revenue, collections or cash receipts are lower than expected; that customer attrition, working
capital requirements, inventory purchases, production costs, debt service, financing costs or other cash requirements increase; that
the Company does not achieve positive monthly cash flow from operations within the anticipated period or is unable to sustain it once
achieved; the Company’s history of losses, negative working capital and stockholders’ deficit; the substantial doubt regarding
the Company’s ability to continue as a going concern; the Company’s continued dependence on external financing, including
variable-priced equity financing that results in dilution to existing stockholders; and the other risks described in the Company’s
most recent Annual Report on Form 10-K and its subsequent filings with the Securities and Exchange Commission, available at www.sec.gov.
Readers
are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this release. Except as required
by law, the Company undertakes no obligation to update or revise any forward-looking statement. This press release does not constitute
an offer to sell or the solicitation of an offer to buy any securities of the Company. The Company does not qualify for the safe harbor
for forward-looking statements provided by the Private Securities Litigation Reform Act of 1995.
CERTAIN
INFORMATION REGARDING THE COMPANY’S FINANCIAL CONDITION
The
information in this press release should be read together with the following. The Company has not been profitable in any fiscal year
of its operating history and has reported significant operating losses, negative working capital and a stockholders’ deficit. Its
auditors issued a going concern qualification expressing substantial doubt about the Company’s ability to continue as a going concern.
The Company’s cash on hand is not sufficient to fund operations for any extended period without additional financing, which may
not be available on acceptable terms or at all and is expected to be dilutive to existing stockholders. Investors should review the Company’s
Annual Report on Form 10-K for the fiscal year ended February 28, 2026, as amended, and its subsequent filings with the Securities and
Exchange Commission, available at www.sec.gov, for a complete description of these matters.
###
Doug
Clemons, Chief Marketing Officer
248-270-8273
doug.c@radsecurity.com
i
https://www.ibisworld.com/united-states/market-research-reports/security-services-industry/
