Aura Systems, Inc.

AI-generated fair value estimate for this company.

Method: Liquidation/asset-based NAV: total assets of ~$1.1M (cash of only $27,000) versus total liabilities of ~$54.7M (including $31.0M of derivative liabilities tied to convertible-note conversion features and $5.4M of past-due notes payable) as of the 10-Q for the quarter ended May 31, 2026, produce a shareholders' deficit of ~$(53.6)M; on a strict liquidation basis common equity value is $0, so a nominal $0.01/share is used across 148.26M shares outstanding to reflect the residual, low-probability option value equityholders retain if the company restructures its debt or monetizes its AuraGen technology rather than winding down.

Reasoning: AUSI carries a going-concern qualification, essentially no revenue ($2,000 for the quarter versus $185,000 a year earlier), negligible cash, and liabilities more than 45x total assets, so a discounted cash flow model has no credible cash-flow base to project; a book/liquidation-value approach best captures that common equity is effectively wiped out on the balance sheet, with only speculative call-option value (a debt-to-equity restructuring or asset sale) left for shareholders.