Artificial Intelligence Technology Solutions, Inc. (AITX) announced on September 8, 2026, that preliminary, unaudited internal management figures show a decline in cash payments across selected operating categories. The company reported that actual cash payments fell approximately 14% in August 2026 compared to July 2026, dropping by about $141,500.
The August cash payments totaled approximately $900,400, compared to approximately $1.042 million in July. The reduction is attributed to the initial execution of a company-wide cost reduction plan announced on August 3, 2026. Management stated that the early progress supports the objective of reducing monthly cash selling, general and administrative (SG&A) expenditures by approximately $200,000 by December 31, 2026.
The August decrease was driven by lower cash payments for payroll, consulting and professional fees, and sales and marketing. The company expects the remaining actions to come from additional staffing and compensation cuts, lower spending on outside consultants, and reductions in other third-party costs. These measures are being implemented with the goal of preserving customer deployments and service levels.
Management anticipates the annualized run-rate effect of these reductions to be approximately $2.4 million. 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 have 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.
The figures presented are preliminary, unaudited, and unreviewed internal management figures derived from the company’s accounting records. They are subject to adjustment as the company completes its monthly financial review. The July figures included approximately $57,000 in quarterly sales commission payments that did not recur in August, while August included approximately $50,000 in deferred compensation and approximately $46,000 in annual or non-recurring payments.
