What changed in this filing

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Item 5. Market for Registrant’s Common Equity

2023-05-26 compared with 2022-06-21 · 31 added, 29 removed, 14 unchanged (81% of the section changed)

1 unchanged sentence

EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES

Our shares are quoted on the Pink Sheets operated

by OTC Markets, Inc.

Our shares are quoted on the

Pink Sheets operated by OTC Markets, Inc.

under the symbol “AUSI”.

Set forth below are high and low bid prices for our common stock for each quarterly

period in the two most recent Fiscal years.

Such quotations reflect inter-dealer prices, without retail mark-up, markdown or commissions

and may not necessarily represent actual transactions in the common stock.

We had approximately 3,400 stockholders of record as of May

Set forth below are high and low bid prices for our common

stock for each quarterly period in the two most recent Fiscal years.

Such quotations reflect inter-dealer prices, without retail mark-up,

markdown or commissions and may not necessarily represent actual transactions in the common stock.

We had approximately 3,400 stockholders

of record as of May 19, 2023.

First Quarter ended May 31, 2022

6 unchanged sentences

Fourth Quarter ended February 28, 2022

On June 13, 2022, the reported closing sales price for our common stock

On May 19, 2023, the reported closing sales price for our common stock

Dividend Policy

We have not paid any dividends on our common stock

and we do not anticipate paying any dividends on our common stock in the foreseeable future.

We have not paid any dividends

on our common stock and we do not anticipate paying any dividends on our common stock in the foreseeable future.

Sales of Unregistered Securities

During the year ended February 28, 2022, we issued

approximately 12,016,000 shares of common stock, for a total of $3,276,330 inclusive of approximately 1,571,000 and 245,000 shares of

common stock in settlement of $550,000 of debt and $73,500 for services, respectively.

During the year ended February 28, 2021, we issued

14,513,963 shares of common stock for a total of $2,249,909, inclusive of 415,636 shares of common stock in settlement of $103,909 of

Funds raised were for general corporate working

capital purposes.

All such securities were issued and sold in reliance on the exemption from registration contained in Section 4(2) of

the Securities Act of 1933, and the certificates representing such securities contain a restrictive legend reflecting the limitations

on future transfer of those securities.

The offer and sale of these securities was made without public solicitation or advertising.

investors represented to us that they were knowledgeable and sophisticated and were experienced in business and financial matters so as

to be capable of evaluating an investment in our securities and were an “accredited investor” within the meaning of Regulation

D promulgated under the Securities Act of 1933.

Each of these investors was afforded full access to information regarding our business.

During the year ended February

28, 2023, we issued 11,529,242 shares of common stock, for a total of approximately $3,270,000.

During the year ended February

28, 2022, we issued 12,016,095 shares of common stock, for a total of approximately $3,276,000 inclusive of 1,571,429 and 245,001 shares

of common stock in settlement of $550,000 of debt and approximately $74,000 for services, respectively.

Funds raised were for general

corporate working capital purposes.

All such securities were issued and sold in reliance on the exemption from registration contained

in Section 4(2) of the Securities Act of 1933, and the certificates representing such securities contain a restrictive legend reflecting

the limitations on future transfer of those securities.

The offer and sale of these securities was made without public solicitation or

The investors represented to us that they were knowledgeable and sophisticated and were experienced in business and financial

matters so as to be capable of evaluating an investment in our securities and were an “accredited investor” within the meaning

of Regulation D promulgated under the Securities Act of 1933.

Each of these investors was afforded full access to information regarding

our business.

Repurchases of Equity Securities

We did not repurchase any shares of our common

stock during the fiscal years ended February 28, 2022 and February 28, 2021.

As a smaller reporting company, we are not

required to provide disclosure under this Item 6.

We did not repurchase

any shares of our common stock during the fiscal years ended February 28, 2023 and February 28, 2022.

As a smaller reporting

company, we are not required to provide disclosure under this Item 6.

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 5. Market for Registrant’s Common Equity