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Aura Systems Inc
10541 Ashdale Street
Phone: (310) 643-5300p:310 643-5300 STANTON, CA  90680  United States Ticker: AUSI AUSI
On 5/3/2024, the Securities and Exchange Commission (SEC) charged BF Borgers CPA PC and its owner, Benjamin F. Borgers, with significant violations of Public Company Accounting Oversight Board (PCAOB) standards across more than 1,500 SEC filings from January 2021 to June 2023. The charges included falsely representing compliance with PCAOB standards to clients, fabricating audit documentation, and inaccurately stating compliance in audit reports. According to the SEC's order, of 369 BF Borgers' clients whose public filings from January 2021 through June 2023 incorporated the firm's audits and reviews, at least 75 percent of the filings incorporated audits and reviews that did not comply with PCAOB standards. The financials in this report may include past audits and reviews conducted by BF Borgers CPA PC that are deemed not compliant with PCAOB standards.
Business Summary
Aura Systems, Inc. is engaged in providing the technology for Axial Flux Induction electric motors and generators. The Company offers Axial Flux Induction Motor solution and mobile power known as the AuraGen for commercial and industrial applications and the VIPER for military applications. The Company's business model consists of two components: sales and marketing design and engineering. In North America, its primary focus is in mobile exportable power applications; EV motor applications; U.S. Military applications, and industrial/commercial motor as well as mobile power applications. The second component of its business model is focused on the design of new products and engineering support for the sales activities. The engineering support consists of the introduction of new optimized power levels for electric motors and new features for its AuraGen/VIPER solution, such as higher power/torque solutions, and different input and output voltages (DC and AC input and output versions).

Scores and Ratings
FRISK®
Score		 Z''
Score		 PAYCE®
Score		 DBT
Index		 Moody's
Rating		 Fitch
Rating		 DBRS
Rating
YesYes-Yes---

Financials, News and Filings
Latest
Statement		 Last
Audit
News		 SEC
Filings		 Bankruptcy
Filings		 Suit &
Judgment
Filings		 Tax
Lien
Filings
8/31/20242/29/2024YesYesYesYesYes

Industries
SIC Code Description
3621 Motors and generators

Officers and Directors

Title
Name
Age		 Title
Date		 Start
Date
Chairman of the Board, President CiporaLavut 67 7/8/2019 1/1/1988
Interim Chief Financial Officer FlaviaDi Nino 56 6/11/2024 6/11/2024
Secretary, Director Robert T.Lempert 79 7/1/2018 11/28/2017
3 additional Officers and Directors records available in full report.

Business Names
Business Name
Aura Systems Inc.
AUSI
AUSID

General Information
Number of Employees: 11 (As of 2/29/2024)
Outstanding Shares: 114,420,081 (As of 10/11/2024)
Shareholders: 3,410
Stock Exchange: OTC
Federal Tax Id: 954106894
Fax Number: (302) 636-5454
Email Address: investorinfo@aurasystems.com


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Friday, November 22, 2024