10-Q/A 1 form10qa1-0808.htm


SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

Form 10-Q/A

Amendment No. 1

 

x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

For the quarterly period ended.................................................August 31, 2008

OR

 

[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from..........................to.............................

 

AURA SYSTEMS, INC.

(Exact name of Registrant as specified in its charter)

 

Delaware

95-4106894

(State or other jurisdiction

(I.R.S. Employer Identification No.)

of incorporation or organization)

 

 

2330 Utah Avenue.

El Segundo, California 90245

(Address of principal executive offices)

 

Registrant's telephone number, including area code:  (310) 643-5300

 

Former name, former address and former fiscal year, if changed since last report: None

 

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days: YES [ X ] NO [ ]

 

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated file, a non-accelerated filer, or a smaller reporting company (as defined in Rule 12b-2 of the Act).

 

 

Large Accelerated Filer o

Accelerated Filer o

 

Non-accelerated filer o  

Smaller Reporting Company  

x

 

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

 

 

Yeso No x

 

 

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APPLICABLE ONLY TO REGISTRANTS INVOLVED IN BANKRUPTCY

PROCEEDINGS DURING THE PRECEDING FIVE YEARS:

 

Indicate by check mark whether the registrant has filed all documents and reports required to be filed by Section 12, 13 or 15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court. Yesx Noo

 

Indicate the number of shares outstanding of each of the issuer's classes of Common Stock, as of the latest practicable date.

 

Class

 

Outstanding October 6, 2008

 

 

 

Common Stock, par value $0.0001 per share

 

42,951,412 shares

 

 

 

 

 

 

 

 

 

 

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EXPLANATORY NOTE

 

Aura Systems, Inc. (the "Company") is filing this Form 10-Q/A ("Amendment No. 1") to amend its Quarterly Report on Form 10-Q for the quarterly period ended August 31, 2008, (the “Original Filing”), filed on October 15, 2008, with the Securities and Exchange Commission ("SEC"), in order to (i) amend and restate in its entirety “Part I - Item 4T, Controls and Procedures,” and (ii) include new Exhibits 31.1, 31.2 and 32.1.

 

This Amendment No. 1 does not amend any other items filed in the Original Filing. The Original Filing is hereby superseded and amended with respect to the information set forth in this Amendment No. 1.

 

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PART I – FINANCIAL INFORMATION

ITEM 4T.    Controls and Procedures

Evaluation of Disclosure Controls and Procedures

 

Disclosure controls and procedures are designed to provide reasonable assurance that information required to be disclosed by us in the reports that we file or submit, is recorded, processed, summarized and reported, within the time periods specified in the U.S. Securities and Exchange Commission’s rules and forms, and such information is accumulated and communicated to management as appropriate to allow timely decisions regarding required disclosures. Our Chief Executive Officer and Chief Financial Officer have evaluated our disclosure controls and procedures and have concluded, as of August 31, 2008, that they were effective.

 

Changes in Internal Control over Financial Reporting

There have been no changes in our internal control over financial reporting during our fiscal quarter ended August 31, 2008, that have materially affected or are reasonably likely to materially affect our internal control over financial reporting.

PART II – OTHER INFORMATION

 

ITEM 6.  Exhibits

 

31.1

Certifications pursuant to Rule 13a-14 under the Securities Exchange Act of 1934.

31.2

Certifications pursuant to Rule 13a-14 under the Securities Exchange Act of 1934.

32.1

Certification of CEO and CFO Pursuant to 18 U.S.C. § 1350, as Adopted Pursuant to § 906 of the

 

Sarbanes-Oxley Act of 2002.

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 thereunto duly authorized.

 

AURA SYSTEMS, INC.  

 

(Registrant)

Date: May 21, 2009  

By:  

/s/ Mevin Gagerman  

Melvin Gagerman

Acting Chief Financial Officer

(Principal Financial and Accounting Officer

and Duly Authorized Officer)

 

 

 

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