EXHIBIT 99.1

UNITED STATES DEPARTMENT OF JUSTICE

OFFICE OF THE UNITED STATES TRUSTEE

CENTRAL DISTRICT OF CALIFORNIA

In Re:			CHAPTER 11 (BUSINESS)
	Aura Systems, Inc.
	2355 Alaska Avenue		Case Number:	LA 05-24550-SB
	El Segundo, CA 90245		Operating Report Number:
		Debtor(s).	For the Month Ending:	30-Nov-05

I. CASH RECEIPTS AND DISBURSEMENTS

A. (GENERAL ACCOUNT*)

1. TOTAL RECEIPTS PER ALL PRIOR GENERAL ACCOUNT REPORTS			2,330,571.26
2. LESS: TOTAL DISBURSEMENTS PER ALL PRIOR GENERAL ACCOUNT REPORTS			2,050,759.36
3. BEGINNING BALANCE:			279,811.90
4. RECEIPTS DURING CURRENT PERIOD:
Accounts Receivable - Post-filing		196,004.82
Accounts Receivable - Pre-filing		6,277.58
General Sales
Other (Specify)	Aries Group DIP Loan	200,000.00
Other (Specify)	Williams Recycling Pmt	672.14
Other (Specify)	UPS Freight Refund	29.39
Other (Specify)	Better Box-Recycling Pmt	76.00
Other (Specify)	ADP-Garnishment Refund	185.00
**Other (Specify)	Cobra Refund	1,927.57
TOTAL RECEIPTS THIS PERIOD:			405,172.50
5. BALANCE:			684,984.40
6. LESS: TOTAL DISBURSEMENTS DURING CURRENT PERIOD
Transfers to Other DIP Accounts (from page 2)		91,843.28
Disbursements (from page 2)		290,338.69
TOTAL DISBURSEMENTS THIS PERIOD:***			382,181.97
7. ENDING BALANCE:			302,902.43
8.  General Account Number(s):		#3226077
Depository Name & Location:		City National Bank
		Los Angeles Airport Office
		6033 West Century Blvd.
		Los Angeles, CA 90045
* All receipts must be deposited into the general account.
** Include receipts from the sale of any real or personal property out of the ordinary course of business; attach an exhibit specifying what was sold, to whom, terms, and date of Court Order or Report of Sale.
***This amount should be the same as the total from page 2.

Page 1 of 24

TOTAL DISBURSEMENTS FROM GENERAL ACCOUNT FOR CURRENT PERIOD

Date mm/dd/yyyy	Check Number		Payee or DIP account		Purpose		*Amount Transfered	**Amount Disbursed			Amount
11/2/05		001467		AMERICAN RING & TOOL WEST		Raw Materials			60.00			60.00
11/2/05		001468		BLAKE BARTOSH		Consulting			750.00			750.00
11/2/05		001469		BRACKETRY SYSTEMS		Raw Materials			852.50			852.50
11/2/05		001470		DYNAFLEX PRODUCTS		Raw Materials			486.70			486.70
11/2/05		001471		EDDINGS BROS. AUTO PARTS		Raw Materials			742.29			742.29
11/2/05		001472		SLOAN ELECTRIC CO.		Raw Materials			2,800.00			2,800.00
11/2/05		001473		SOUTH BAY FORD		Raw Materials			2,047.90			2,047.90
11/2/05		001474		A.C. DEPUYDT, INC.		Raw Materials			240.00			240.00
11/2/05		001475		DUNCAN BOLT		Raw Materials			32.46			32.46
11/2/05		001476		FUSES UNLIMITED		Raw Materials			145.00			145.00
11/2/05		001477		ICON INTERNATIONAL		Raw Materials			267.50			267.50
11/2/05		001478		TERENCE ULINSKI		Raw Materials			1,127.50			1,127.50
11/2/05		001479		WAYTEK INC.		Raw Materials			159.50			159.50
11/2/05		001480		WEST COAST MARINE ELECTRIC		Raw Materials			47.95			47.95
11/2/05		001481		AT&T (LONG DISTANCE SERVICES)		Utilties/Phones/Taxes			372.71			372.71
11/2/05		001483		DHL WORLDWIDE EXPRESS		Freight			3,250.31			3,250.31
11/2/05		001484		RAINDANCE COMMUNICATIONS, INC.		Utilties/Phones/Taxes			4.50			4.50
11/2/05		001485		SECURITY SIGNAL DEVICES, INC.		Building			119.00			119.00
11/2/05		001486		SOUTHERN CA EDISON COMPANY		Utilties/Phones/Taxes			4,576.14			4,576.14
11/2/05		001487		SOUTHERN CALIFORNIA GAS CO.		Utilties/Phones/Taxes			31.90			31.90
11/2/05		001488		THE STILLEY CONSULTING AND ADV		Lobbyist			4,000.00			4,000.00
11/2/05		001489		DIR PV		Mfg. Other			150.00			150.00
11/2/05		001490		RAMIRO PEREZ		Building			300.00			300.00
11/4/05		001491		BLAKELEY SOKOLOFF TAYLOR		Legal			3,500.00			3,500.00
11/4/05		001492		RONALD M. DORFMAN		Legal			5,000.00			5,000.00
11/4/05		001493		FIRST INSURANCE FUNDING CORP.		Insurance-D&O			22,923.38			22,923.38
11/4/05		001496		LOEB & LOEB		Legal			8,000.00			8,000.00
11/4/05		001497		MCDERMOTT WILL & EMERY LLP		Legal			5,000.00			5,000.00
11/9/05		001456		INDUSTRIAL ELECTRIC WIRE & CBL		Raw Materials			(704.00	)		(704.00	)
11/9/05		001498		*CASH*		Mfg. Other			150.37			150.37
11/9/05		001499		CENTRAL VALLEY PRECISION		Raw Materials			3,463.20			3,463.20
11/9/05		001500		DIGI-KEY CORPORATION		Raw Materials			204.03			204.03
11/9/05		001501		EDDINGS BROS. AUTO PARTS		Raw Materials			157.87			157.87
11/9/05		001502		ELECTROSHIELD		Raw Materials			487.10			487.10
11/9/05		001503		ICON INTERNATIONAL		Raw Materials			475.80			475.80
11/9/05		001504		INDUSTRIAL ELECTRIC WIRE & CBL		Raw Materials			672.94			672.94
11/9/05		001505		M&K METAL CO.		Raw Materials			152.84			152.84
11/9/05		001506		QUALTECH BACKPLANE, INC.		Raw Materials			2,936.25			2,936.25
11/9/05		001507		RAMP ENGINEERING, INC.		Raw Materials			4,096.80			4,096.80
11/9/05		001508		WALL INDUSTRIES		Raw Materials			330.00			330.00
11/9/05		001509		WEMS ELECTRONICS		Raw Materials			1,222.50			1,222.50
11/9/05		001510		AAA COPY SYSTEMS, INC.		Equipment Lease			308.51			308.51
11/9/05		001511		ALLIED WASTE SERVICES		Utilties/Phones/Taxes			451.60			451.60
11/9/05		001512		ARTHUR J. GALLAGHER COMPANY		Insurance-Commercial			14,378.19			14,378.19
11/9/05		001513		DHL WORLDWIDE EXPRESS		Freight			1,010.29			1,010.29
11/9/05		001514		STEPHEN HARA		Consulting			400.00			400.00
11/9/05		001515		INTERWEST TRANSFER CO.		Public Company Expense			1,562.00			1,562.00
11/9/05		001516		INTERLAND, INC.		Utilties/Phones/Taxes			24.90			24.90
11/9/05		001517		JOE LAM		Consulting			2,574.40			2,574.40
11/9/05		001518		MELINDA MASON		Insurance-Other			112.00			112.00
11/9/05		001519		POCO SALES		Raw Materials			232.27			232.27
11/9/05		001520		KHALIQ RAHMAN		Consulting			1,680.00			1,680.00
11/9/05		001522		THE HARTFORD		Insurance-Workers' Comp			352.25			352.25
11/9/05		001523		PATRICK FLEISHAUER		Travel			5,542.05			5,542.05
11/9/05		001524		JOE LAM		Travel			342.76			342.76
11/9/05		001525		RICHARD ULINSKI		Consulting			3,305.68			3,305.68
11/9/05		001526		VINTAGE FILINGS, LLC.		Public Company Expense			782.00			782.00
11/9/05		001527		TONY WILSON		Employee Expenses			26.63			26.63
11/9/05		001528		RAYMOND YU		Travel			224.20			224.20
11/16/05		001529		DELTA HI-TECH INC.		Raw Materials			535.00			535.00
11/16/05		001530		FOG		Freight			160.00			160.00
11/16/05		001531		K.R. ANDERSON CO., INC.		Raw Materials			612.93			612.93
11/16/05		001532		MAGNETIC SENSORS CORPORATION		Raw Materials			198.00			198.00
11/16/05		001533		MAIN ELECTRIC SUPPLY CO.		Raw Materials			12.90			12.90
11/16/05		001534		QUALTECH BACKPLANE, INC.		Raw Materials			2,100.00			2,100.00
11/16/05		001535		TERENCE ULINSKI		Raw Materials			1,172.60			1,172.60
11/16/05		001536		CITY OF EL SEGUNDO (WATER)		Utilties/Phones/Taxes			406.61			406.61
11/16/05		001537		CMM TECHNOLOGY INC.		Mfg. Other			670.00			670.00
11/16/05		001538		DHL WORLDWIDE EXPRESS		Freight			1,029.40			1,029.40
11/16/05		001539		F. L. REES & ASSOCIATES		Consulting			2,023.39			2,023.39
11/16/05		001540		GARDENA WELDING SUPPLY		Mfg. Other			39.00			39.00

Page 2 of 24

Date mm/dd/yyyy	Check Number		Payee or DIP account		Purpose		*Amount Transfered		**Amount Disbursed		Amount
11/16/05		001541		MG TRUST		401(k)				4,304.46		4,304.46
11/16/05		001542		JENNIFER ORTIZ		Building				600.00		600.00
11/16/05		001543		SOUTHERN CA EDISON COMPANY		Utilties/Phones/Taxes				4,769.91		4,769.91
11/16/05		001544		UNITED PARCEL SERVICE		Freight				56.00		56.00
11/16/05		001545		U.S. TRUSTEE		US Trustee Fees				4,750.00		4,750.00
11/23/05		001546		ALCOA FASTENING SYSTEMS		Raw Materials				956.71		956.71
11/23/05		001547		ALLSTAR MAGNETICS INC.		Raw Materials				175.00		175.00
11/23/05		001549		*CASH*		Mfg. Other				164.62		164.62
11/23/05		001550		GARDENA WELDING SUPPLY		Raw Materials				171.15		171.15
11/23/05		001551		PARA TECH COATING, INC.		Raw Materials				869.44		869.44
11/23/05		001552		POWER & SIGNAL GROUP		Raw Materials				237.49		237.49
11/23/05		001563		HUGO GARCIA		Employee Expenses				79.00		79.00
11/23/05		001564		RON GOLDSTEIN		Travel				2,437.59		2,437.59
11/23/05		001565		JOHN HECKER		Employee Expenses				58.83		58.83
11/23/05		001566		ALEX KOLB		Travel				876.69		876.69
11/23/05		001568		AETNA (HMO)		Insurance-Health				6,302.32		6,302.32
11/23/05		001569		AETNA (LIFE&LTD)		Insurance-Health				729.20		729.20
11/23/05		001570		AETNA (PPO&DENTAL)		Insurance-Health				6,193.12		6,193.12
11/23/05		001571		AFLAC		Insurance-Other				164.48		164.48
11/23/05		001572		CONEXIS		Administration-Other				77.40		77.40
11/23/05		001573		STEPHEN HARA		Consulting				200.00		200.00
11/23/05		001574		RAINDANCE COMMUNICATIONS, INC.		Utilties/Phones/Taxes				81.36		81.36
11/23/05		001575		STATE COMP. INSURANCE FUND		Insurance-Workers' Comp				5,246.65		5,246.65
11/23/05		001576		WALTERS WHOLESALE ELECTRIC CO.		Raw Materials				106.60		106.60
11/23/05		001577		AT&T (LOCAL SERVICE)		Utilties/Phones/Taxes				590.76		590.76
11/23/05		001578		DHL WORLDWIDE EXPRESS		Freight				1,004.11		1,004.11
11/23/05		001579		JORGE MARTINEZ		Employee Expenses				29.02		29.02
11/23/05		001580		MELINDA MASON		Insurance-Other				55.00		55.00
11/23/05		001581		MARK STOPHER		Insurance-Other				662.69		662.69
11/23/05		001582		MG TRUST		401(k)				2,092.38		2,092.38
11/28/05		001583		FRANCHISE TAX BOARD		Franchise Tax Board				800.00		800.00
11/30/05		001584		ADVANCED POWER - LIFELINE		Raw Materials				280.50		280.50
11/30/05		001585		BLAKE BARTOSH		Consulting				400.00		400.00
11/30/05		001586		CASH FOR CASHIER CHECK		Raw Materials				3,279.50		3,279.50
11/30/05		001587		AT&T WIRELESS SERVICES		Utilties/Phones/Taxes				368.69		368.69
11/30/05		001588		AT&T (LONG DISTANCE SERVICES)		Utilties/Phones/Taxes				326.04		326.04
11/30/05		001589		*CASH*		Administration-Other				709.71		709.71
11/30/05		001590		DHL WORLDWIDE EXPRESS		Freight				1,387.91		1,387.91
11/30/05		001591		ENERTRON		Raw Materials				55.55		55.55
11/30/05		001592		SECURITY SIGNAL DEVICES, INC.		Utilties/Phones/Taxes				252.60		252.60
11/30/05		001593		SOUTHERN CA EDISON COMPANY		Utilties/Phones/Taxes				2,300.00		2,300.00
11/30/05		001594		SOUTHERN CALIFORNIA GAS CO.		Utilties/Phones/Taxes				208.49		208.49
11/30/05		001595		UNDERWRITERS LAB. INC.		Administration-Other				106.00		106.00
11/30/05		001596		UNISHIPPERS		Raw Materials				184.40		184.40
11/30/05		001597		VINTAGE FILINGS, LLC.		Public Company Expense				159.00		159.00
11/30/05		001598		FLEX ONE		Insurance-Other				25.00		25.00
11/2/05				Nova		Credit Card Processing Fees				273.02		273.02
11/2/05				ADP		Payroll Processing Fees				31.52		31.52
11/4/05				GMAC Commercial Mtg.		Mortgage Payment				41,222.86		41,222.86
11/4/05				Levene Neale Bender		Legal Fees Retainer				35,000.00		35,000.00
11/10/05				CNB Aura DIP Payroll Account		Transfer Funds to P/R Account		44,298.22				44,298.22
11/10/05				ADP		Payroll Garnishment				185.00		185.00
11/10/05				ADP		Payroll Garnishment				185.00		185.00
11/11/05				ADP		Payroll Taxes				17,111.48		17,111.48
11/23/05				ADP		Payroll Garnishment				185.00		185.00
11/23/05				ADP		Payroll Taxes				18,356.94		18,356.94
11/25/05				CNB Aura DIP Payroll Account		Transfer Funds to P/R Account		47,545.06				47,545.06
TOTAL DISBURSMENTS THIS PERIOD								91,843.28		290,338.69		382,181.97

Page 3 of 24

GENERAL ACCOUNT

BANK RECONCILIATION

	Bank statement Date:	11/30/2005	Balance on Statement:	345,458.25
Plus deposits in transit (a):
		Deposit Date	Deposit Amount
TOTAL DEPOSITS IN TRANSIT				0.00
Less Outstanding Checks (a):
	Check Number	Check Date	Check Amount
	001142	8/17/05	4,212.00
	001388	10/12/05	165.00
	001453	10/26/05	600.00
	001488	11/2/05	4,000.00
	001501	11/9/05	157.87
	001507	11/9/05	4,096.80
	001517	11/9/05	2,574.40
	001524	11/9/05	342.76
	001532	11/16/05	198.00
	001546	11/23/05	956.71
	001547	11/23/05	175.00
	001549	11/23/05	164.62
	001550	11/23/05	171.15
	001551	11/23/05	869.44
	001552	11/23/05	237.49
	001564	11/23/05	2,437.59
	001566	11/23/05	876.69
	001571	11/23/05	164.48
	001573	11/23/05	200.00
	001575	11/23/05	5,246.65
	001576	11/23/05	106.60
	001578	11/23/05	1,004.11
	001581	11/23/05	662.69
	001582	11/23/05	2,092.38
	001583	11/28/05	800.00
	001584	11/30/05	280.50
	001585	11/30/05	400.00
	001586	11/30/05	3,279.50
	001587	11/30/05	368.69
	001588	11/30/05	326.04
	001589	11/30/05	709.71
	001590	11/30/05	1,387.91
	001591	11/30/05	55.55
	001592	11/30/05	252.60
	001593	11/30/05	2,300.00
	001594	11/30/05	208.49
	001595	11/30/05	106.00
	001596	11/30/05	184.40
	001597	11/30/05	159.00
	001598	11/30/05	25.00
TOTAL OUTSTANDING CHECKS:				42,555.82
Bank statement Adjustments:
Explanation of Adjustments-
ADJUSTED BANK BALANCE:				$302,902.43
* It is acceptable to replace this form with a similar form
** Please attach a detailed explanation of any bank statement adjustment

Page 4 of 24

I. CASH RECEIPTS AND DISBURSEMENTS
B. (PAYROLL ACCOUNT)
1. TOTAL RECEIPTS PER ALL PRIOR PAYROLL ACCOUNT REPORTS			539,817.44
2. LESS: TOTAL DISBURSEMENTS PER ALL PRIOR PAYROLL ACCOUNT REPORTS			520,014.17
3. BEGINNING BALANCE:			19,803.27
4. RECEIPTS DURING CURRENT PERIOD:			91,843.28
(Transferred from General Account)
5. BALANCE:			111,646.55
6. LESS: TOTAL DISBURSEMENTS DURING CURRENT PERIOD
TOTAL DISBURSEMENTS THIS PERIOD:***			92,793.78
7. ENDING BALANCE:			18,852.77
8.	PAYROLL Account Number(s):	#3226085
	Depository Name & Location:	City National Bank
		Los Angeles Airport Office
		6033 West Century Blvd.
		Los Angeles, CA 90045

Page 5 of 24

TOTAL DISBURSEMENTS FROM PAYROLL ACCOUNT FOR CURRENT PERIOD

Date mm/dd/yyyy	Check Number		Payee		Purpose		Amount
11/11/2005		100032		Raymon Yu		Pay Period Ending 11/6/05		5,656.10
11/11/2005		100033		John Bagley		Pay Period Ending 11/6/05		1,831.70
11/11/2005		100034		Sandra Ferro		Pay Period Ending 11/6/05		3,121.80
11/11/2005		100035		Melinda S. Mason		Pay Period Ending 11/6/05		1,720.70
11/11/2005		100036		Robert Baghramian		Pay Period Ending 11/6/05		1,164.30
11/11/2005		100037		Robert L. Martin		Pay Period Ending 11/6/05		1,097.50
11/11/2005		100038		Ronald Goldstein		Pay Period Ending 11/6/05		3,033.30
11/11/2005		100039		Patrick Fleishauer		Pay Period Ending 11/6/05		1,680.90
11/11/2005		100040		Alexander Kolb		Pay Period Ending 11/6/05		912.46
11/11/2005		100041		Mark A. Stopher		Pay Period Ending 11/6/05		1,277.90
11/11/2005		100042		Kizzy S. Wilder		Pay Period Ending 11/6/05		1,433.10
11/11/2005		100043		Yedidia Cohen		Pay Period Ending 11/6/05		3,689.90
11/11/2005		100044		Ebanjelina Corrales		Pay Period Ending 11/6/05		731.21
11/11/2005		100045		John G. Hecker		Pay Period Ending 11/6/05		1,242.10
11/11/2005		100046		Martha Lomeli		Pay Period Ending 11/6/05		783.69
11/11/2005		100047		Donald R. Love		Pay Period Ending 11/6/05		1,335.40
11/11/2005		100048		Pablo Ortiz		Pay Period Ending 11/6/05		1,060.50
11/11/2005		100049		Christian Tauber-Gr		Pay Period Ending 11/6/05		1,674.20
11/11/2005		100050		Teresa B. Yu		Pay Period Ending 11/6/05		1,164.30
11/11/2005		100051		Terry Lance Freelan		Pay Period Ending 11/6/05		1,135.90
11/11/2005		100052		Hugo Garcia		Pay Period Ending 11/6/05		1,051.20
11/11/2005		100053		Jorge Martinez		Pay Period Ending 11/6/05		1,032.70
11/11/2005		100054		Jesse Salazar		Pay Period Ending 11/6/05		823.36
11/11/2005		100055		Tony J. Wilson		Pay Period Ending 11/6/05		1,217.40
11/11/2005		100056		Arturo Andrade		Pay Period Ending 11/6/05		991.85
11/11/2005		100057		Jeffrey Cortez		Pay Period Ending 11/6/05		834.07
11/11/2005		100058		John Phalen		Pay Period Ending 11/6/05		1,723.70
11/11/2005		100059		Aurelio Vasquez		Pay Period Ending 11/6/05		876.29
11/25/2005		100060		Raymond Yu		Pay Period Ending 11/20/05		5,656.10
11/25/2005		100061		John Bagley		Pay Period Ending 11/20/05		1,808.40
11/25/2005		100062		Sandra Ferro		Pay Period Ending 11/20/05		3,121.80
11/25/2005		100063		Melinda S. Mason		Pay Period Ending 11/20/05		1,720.70
11/25/2005		100064		Robert Baghramian		Pay Period Ending 11/20/05		1,272.10
11/25/2005		100065		Robert L. Martin		Pay Period Ending 11/20/05		1,204.50
11/25/2005		100066		Ronald J. Goldstein		Pay Period Ending 11/20/05		3,285.00
11/25/2005		100067		Patrick Fleishauer		Pay Period Ending 11/20/05		1,707.00
11/25/2005		100068		Alexander Kolb		Pay Period Ending 11/20/05		1,207.10
11/25/2005		100069		Mark A. Stopher		Pay Period Ending 11/20/05		1,600.80
11/25/2005		100070		Kizzy S. Wilder		Pay Period Ending 11/20/05		2,219.10
11/25/2005		100071		Yedidia Cohen		Pay Period Ending 11/20/05		3,689.90
11/25/2005		100072		Ebanjelina Corrales		Pay Period Ending 11/20/05		731.21
11/25/2005		100073		John G. Hecker		Pay Period Ending 11/20/05		1,242.10
11/25/2005		100074		Martha Lomeli		Pay Period Ending 11/20/05		765.62
11/25/2005		100075		Donald R. Love		Pay Period Ending 11/20/05		1,335.40
11/25/2005		100076		Pablo Ortiz		Pay Period Ending 11/20/05		1,060.50
11/25/2005		100077		Christian Tauber-Gr		Pay Period Ending 11/20/05		1,770.50
11/25/2005		100078		Teresa B. Yu		Pay Period Ending 11/20/05		1,318.90
11/25/2005		100079		Terry Lance Freelan		Pay Period Ending 11/20/05		1,420.30
11/25/2005		100080		Hugo Garcia		Pay Period Ending 11/20/05		1,024.40

Page 6 of 24

Date mm/dd/yyyy	Check Number		Payee		Purpose		Amount
11/25/2005		100081		Jorge Martinez		Pay Period Ending 11/20/05		1,201.80
11/25/2005		100082		Jesse Salazar		Pay Period Ending 11/20/05		1,398.60
11/25/2005		100083		Tony J. Wilson		Pay Period Ending 11/20/05		1,322.80
11/25/2005		100084		Arturo Andrade		Pay Period Ending 11/20/05		1,014.50
11/25/2005		100085		Jeffrey Cortez		Pay Period Ending 11/20/05		844.64
11/25/2005		100086		John Phalen		Pay Period Ending 11/20/05		1,723.70
11/25/2005		100087		Aurelio Vasquez		Pay Period Ending 11/20/05		876.31
11/3/2005		3350787		ADP		Payroll Processing Fees		605.25
11/18/2005				ADP		Payroll Processing Fees		114.00
11/25/2005				ADP		Payroll Processing Fees		231.25
TOTAL DISBURSMENTS THIS PERIOD								92,791.81

Page 7 of 24

PAYROLL ACCOUNT
BANK RECONCILIATION
	Bank statement Date:	11/30/2005	Balance on Statement:	$27,852.89
Plus deposits in transit (a):
		Deposit Date	Deposit Amount
TOTAL DEPOSITS IN TRANSIT				0.00
Less Outstanding Checks (a):
	Check Number	Check Date	Check Amount
	000083	9/2/2005	1,573.56
	100066	11/25/2005	3,285.09
	100068	11/25/2005	1,207.16
	100069	11/25/2005	1,600.89
	100075	11/25/2005	1,335.42
TOTAL OUTSTANDING CHECKS:				9,002.12
Bank statement Adjustments:				2.00
Explanation of Adjustments-Bank miscoding on check no. 500342
ADJUSTED BANK BALANCE:				$18,852.77
* It is acceptable to replace this form with a similar form
** Please attach a detailed explanation of any bank statement adjustment

Page 8 of 24

I. CASH RECEIPTS AND DISBURSEMENTS
C. (TAX ACCOUNT)
1. TOTAL RECEIPTS PER ALL PRIOR TAX ACCOUNT REPORTS		113,652.78
2. LESS: TOTAL DISBURSEMENTS PER ALL PRIOR TAX ACCOUNT REPORTS		82,245.00
3. BEGINNING BALANCE:		31,407.78
4. RECEIPTS DURING CURRENT PERIOD:		0.00
Refund of funds previously levied from Aura Systems
5. BALANCE:		31,407.78
6. LESS: TOTAL DISBURSEMENTS DURING CURRENT PERIOD
TOTAL DISBURSEMENTS THIS PERIOD:***		0.00
7. ENDING BALANCE:		31,407.78
8.  TAX Account Number(s):	#3226093
Depository Name & Location:	City National Bank
	Los Angeles Airport Office
	6033 West Century Blvd.
	Los Angeles, CA 90045
NOTES;
Tax Account was NOT in use - ADP requires that we send a wire to them - this is being done out of the General Account to save transaction fees. We used this account for the segregated funds pertaining to the levy and the Minority Shareholders request that these funds be used for the mortgage payments on the building owned by Aura Realty, Inc.

Page 9 of 24

TOTAL DISBURSEMENTS FROM TAX ACCOUNT FOR CURRENT PERIOD
Date mm/dd/yyyy	Check Number	Payee	Purpose	Amount Transfered	Amount Disbursed	Amount
None
			TOTAL DISBURSEMENTS THIS PERIOD:	0.00	0.00	0.00

Page 10 of 24

TAX ACCOUNT
BANK RECONCILIATION
	Bank statement Date:	11/30/2005	Balance on Statement:	$31,407.78
Plus deposits in transit (a):
		Deposit Date	Deposit Amount
TOTAL DEPOSITS IN TRANSIT				0.00
Less Outstanding Checks (a):
	Check Number	Check Date	Check Amount
TOTAL OUTSTANDING CHECKS:				0.00
Bank statement Adjustments:
Explanation of Adjustments-
ADJUSTED BANK BALANCE:				$31,407.78
* It is acceptable to replace this form with a similar form
** Please attach a detailed explanation of any bank statement adjustment
NOTES;

Page 11 of 24

I. CASH RECEIPTS AND DISBURSEMENTS
D. (OPERATIONS ACCOUNT)
1. TOTAL RECEIPTS PER ALL PRIOR TAX ACCOUNT REPORTS		2,972.21
2. LESS: TOTAL DISBURSEMENTS PER ALL PRIOR TAX ACCOUNT REPORTS		1,629.99
3. BEGINNING BALANCE:		1342.22
4. RECEIPTS DURING CURRENT PERIOD:		0.00
(Transferred from General Account)
5. BALANCE:		1,342.22
6. LESS: TOTAL DISBURSEMENTS DURING CURRENT PERIOD
TOTAL DISBURSEMENTS THIS PERIOD:***		373.50
7. ENDING BALANCE:		968.72
8. Operations Account Number(s):	#3226344
Depository Name & Location:	City National Bank
	Los Angeles Airport Office
	6033 West Century Blvd.
	Los Angeles, CA 90045
NOTES;
New Account set-up to support the day to day operations team with COD deliveries and variances of checks written due to Freight charges or small amounts for Raw Materials outside of check runs.

Page 12 of 24

TOTAL DISBURSEMENTS FROM OPERATIONS ACCOUNT FOR CURRENT PERIOD

Date mm/dd/yyyy	Check Number		Payee		Purpose		Amount Transfered		Amount Disbursed		Amount
11/3/2005		001027		Fuses Unlimited		Freight				12.30		12.30
11/4/2005		001028		American Ring & Tool West		Freight				11.19		11.19
11/8/2005		001029		A.C. Depuydt, Inc.		Freight				16.91		16.91
11/14/2005		001030		California Bolt Company		Raw Materials				143.55		143.55
11/15/2005		001031		Wall Industries		Raw Materials				37.75		37.75
11/16/2005		001032		Magnetic Sensors Corp.		Freight				11.12		11.12
11/17/2005		001033		United Parcel Service		Freight				33.04		33.04
11/21/2005		001034		A-Plus Fasteners		Raw Materials				87.50		87.50
11/23/2005		001035		Allstar Magnetics		Freight				20.14		20.14
TOTAL DISBURSEMENTS THIS PERIOD:								0.00		373.50		373.50
NOTES:

Page 13 of 24

OPERATIONS ACCOUNT
BANK RECONCILIATION
	Bank statement Date:	11/30/2005	Balance on Statement:	$1,032.42
Plus deposits in transit (a):
		Deposit Date	Deposit Amount
TOTAL DEPOSITS IN TRANSIT				0.00
Less Outstanding Checks (a):
	Check Number	Check Date	Check Amount
	001032	11/17/2005	11.12
	001033	11/21/2005	33.04
	001035	11/23/2005	20.14
TOTAL OUTSTANDING CHECKS:				64.30
Bank statement Adjustments:				$0.60
Explanation of Adjustments-		Bank Miscoding Check #001018
ADJUSTED BANK BALANCE:				$968.72
* It is acceptable to replace this form with a similar form
** Please attach a detailed explanation of any bank statement adjustment
NOTES:

Page 14 of 24

I. D SUMMARY SCHEDULE OF CASH
ENDING BALANCES FOR THE PERIOD:
(Provide a copy of monthly account statements for each of the below)
		General Account:	302,902.43
		Payroll Account:	18,852.77
		Tax Account:	31,407.78
		Operations Account:	968.72
*Other Accounts:
*Other Monies:
		**Petty Cash (from below):	0.00
TOTAL CASH AVAILABLE:				354,131.70
Petty Cash Transactions:
Date	Purpose		Amount
TOTAL PETTY CASH TRANSACTIONS:				0.00
* Specify the Type of holding (e.g. CD, Savings Account, Investment Security), and the depository name, location & account#
** Attach Exhibit Itemizing all petty cash transactions

Page 15 of 24

II. STATUS OF PAYMENTS TO SECURED CREDITORS, LESSORS
AND OTHER PARTIES TO EXECUTORY CONTRACTS
Creditor, Lessor, Etc.	Frequency of Payments (Mo/Qtr)	Amount of Payment	Post-Petition payments not made (Number)	Total Due
Cap Mark / (Bldg Mortgage)	MO	$ 41,122.00	2	$ 54,810.80
AAA Copy Systems	MO	$ 308.51	1	$ 308.51
Pitney Bowes Credit	MO	$ 119.16	0	$ –
			TOTAL DUE:	55,119.31

III. TAX LIABILITIES
FOR THE REPORTING PERIOD:
		Gross Sales Subject to Sales Tax:		(755.58)
			Total Wages Paid:	122,069.22
		Total Post-Petition Amounts Owing	Amount Delinquent	Date Delinquent Amount Due
	Federal Withholding	0.00	0.00
	State Withholding	0.00	0.00
	FICA- Employer's Share	0.00	0.00
	FICA- Employee's Share	0.00	0.00
	Federal Unemployment	0.00	0.00
	Sales and Use	3,247.38	0.00
	Real Property	0.00	0.00
Other:
	TOTAL:	3,247.38	0.00

Page 16 of 24

IV. AGING OF ACCOUNTS PAYABLE AND RECEIVABLE
			*Accounts Payable	Accounts Receivable
			Post-Petition	Pre-Petition	Post-Petition
		30 days or less	260,751.19	0.00	97,454.58
		31 - 60 days	64,299.44	0.00	107,097.14
		61 - 90 days	17,727.31	0.00	(39,033.70)
		91 - 120 days	168,270.90	0.00	24,452.01
		Over 120 days	53,373.51	125,104.76	100.31
		TOTAL:	564,422.35	125,104.76	190,070.34
V. INSURANCE COVERAGE
		Name of Carrier	Amount of Coverage	Policy Expiration Date	Premium Paid Through (Date)
General Liability		Hartford Fire Insurance	2 Mil	9/15/2006	See Below	(1)
Worker's Compensation - CA		State Comp Ins Fund	1 Mil	4/15/2006	63,767.90
Worker's Comp - Outside CA		The Hartford	1 Mil	4/15/2006	-
Commercial & Other Property		Hartford Fire Insurance	10.6 Mil	9/16/2005	See Below	(1)
Vehicle		Hartford Fire Insurance	1 Mil	9/15/2006	See Below	(1)
Others:	D&O	XL Insurance America	5 Mil	8/8/2006	100,270.14
	Crime	Hartford Fire Insurance	150,000	9/15/2006	See Below	(1)
	Boiler and Machinery	Hartford Fire Insurance	12.5 Mil	9/15/2006	65,232.57	(1)
	Umbrella
(1) First Financing Pmt for the identifed Insurance Policies
VI. UNITED STATES TRUSTEE QUARTERLY FEES
(TOTAL PAYMENTS)
Quarterly Period Ending (Date)	Total Disbursements	Quarterly Fees	Date Paid	Amount Paid	Quarterly Fees Still Owing
31-Dec-2005	0.00	4,750.00	16-Nov-2005	4,750.00	0.00
					0.00
					0.00
					0.00
					0.00
					0.00
					0.00
					0.00
					0.00
					0.00
					0.00
					0.00
					0.00
		4,750.00		4,750.00	0.00
* Post-Petition Accounts Payable SHOULD NOT include professionals' fees and expenses which have been incurred but not yet awarded by the court. Post-Petition
Accounts Payable SHOULD include professionals' fees and expenses authorized by Court Order but which remain unpaid as of the close of the period report

Page 17 of 24

VII SCHEDULE OF COMPENSATION PAID TO INSIDERS
Name of Insider	Date of Order Authorizing Compensation	*Authorized Gross Compensation	Gross Compensation Paid During the Month
Raymond Yu	6/24/2005		15,384.62
Sandra Ferro	6/24/2005		9,230.76
VIII. SCHEDULE OF OTHER AMOUNTS PAID TO INSIDERS
Name of Insider	Date of Order Authorizing Compensation	Description	Amount Paid During the Month
Raymond Yu	6/24/2005	Travel & Expense Reimbursement	224.20
Sandra Ferro	6/24/2005		0.00
* Please indicate how compensation was identified in the order (e.g. $1,000/week, $2,500/month)

Page 18 of 24

IX. PROFIT AND LOSS STATEMENT

(ACCRUAL BASIS ONLY)

				11/30/2005
	Current Month			Cumulative Post-Petition
Sales/Revenue:
Gross Sales/Revenue		149,582			802,340
Less: Returns/Discounts		(949	)		(7,883	)
Net Sales/Revenue		148,633			794,457
Cost of Goods Sold:
Beginning Inventory at cost		8,725,374			8,738,663
Purchases		33,953			328,057
Less: Ending Inventory at cost		8,697,448			8,697,448
Cost of Goods Sold (COGS)		61,879			369,272
Gross Profit		86,754			425,185
Other Operating Income (Itemize)
Operating Expenses:
Payroll - Insiders		24,615			100,923
Payroll - Other Employees		129,652			592,716
Payroll Taxes		9,217			47,196
Other Taxes (Itemize)		3,175			13,595
Depreciation and Amortization		10,974			58,776
Rent Expense - Real Property		68,444			355,909
Lease Expense - Personal Property		309			2,408
Insurance		46,256			290,810
Real Property Taxes
Telephone and Utilities		3,226			42,677
Repairs and Maintenance		1,200			8,913
Travel and Entertainment (Itemize)		16,153			42,441
Miscellaneous Operating Expenses (Itemize)		25,994			124,459
Total Operating Expenses		339,214			1,680,824
Net Gain/(Loss) from Operations		(252,460	)		(1,255,639	)
Non-Operating Income:
Interest Income		31,583			167,392
Net Gain on Sale of Assets (Itemize)		0			0
Other (Itemize)		748			748
Total Non-Operating income		32,331			168,140
Non-Operating Expenses:
Interest Expense		124,543			656,374
Legal and Professional (Itemize)		142,676			852,331
Other (Itemize)
Total Non-Operating Expenses		267,219			1,508,705

Page 19 of 24

NET INCOME/(LOSS)	(487,348	)	(2,596,204	)
(Attach exhibit listing all itemizations required above)
Other Taxes
Tax - Property	841		4,475
Tax & License	2,334		9,121
Total Other Taxes	3,175		13,595
Travel & Entertainment
Travel Manufacturing	12,549		23,620
Travel G&A	3,533		18,634
Client Entertainment	70		186
Total Travel & Entertainment	16,153		42,441
Miscellaneous Operating Expenses
Cost of Sales Std	(44,742	)	(155,967	)
COGS Samples/Demos	0		0
COGS Evaluation	0		846
COGS Replacement	(5,528	)	21,706
COGS Demos	1,674		1,674
COGS Field Service	0		1,610
COGS Service/Parts	(1,745	)	(1,745	)
COGS Product Exchange	0		3,388
COGS Returns/Allowances	0		0
Purchase Price Var...	13		325
Std. Cost Variance...	(35,588	)	(21,735	)
Manuf Clearing.INDUS.	3,878		(12,226	)
Freight In ..........	398		1,564
Set Up/Rush Charges	1,320		5,630
Scrap (Obsolete).....	72,463		76,645
Physical Inv. Adj....	3,818		(896	)
Rework	0		900
Refurbish Cost	(1,992	)	(1,992	)
Part Number Changes..	(72	)	(2,001	)
Temporary..	0		0
Consultants	6,480		17,580
401K Employer Match..	354		1,649
Employee Business Exp.	1,540		3,437
Service Tech Supplies	0		0
Manufacturing Supplies	0		2,542
Shop Supplies	1,951		20,672
Packaging Supplies	43		1,185
Postage..	42		462
R&M Production Equpt	670		670
R&M Automobile	0		1,373
Other/Misc. Expense	245		3,035

Page 20 of 24

Printing/Copying	0		25
Sustaining Engineering	3,196		8,582
Work Ctr Applied IndS	(0	)	(11	)
Commissions Employee	1,379		4,197
Consultant	3,500		91,161
401K Employer Match	258		1,351
Employee Welfare	0		873
Janitorial Sup & Serv	325		325
Supplies - Office	119		489
Supplies - Computer	368		998
Postage	6		452
Delivery	52		52
Online Services	8		983
Bank Charges	1,255		5,804
Other O/S Svcs	4,750		5,250
Other/Misc Expense	(9	)	(280	)
Printing/Copying	0		86
Public Company Expens	488		4,232
Stock Transfer Fee	0		1,562
Research & Development - JC	1,553		6,159
Commission - Rep	0		5,750
Selling	1		214
Warranty/Customer Repair	1,528		5,130
Freight Out	4,487		20,888
Freight Collected	(2,517	)	(10,292	)
Marketing	25		149
Total Miscellaneous Operating Expenses	25,994		124,459
Legal and Professional
Other Prof Expense	0		10,000
Audit & Accounting	13,000		67,600
Legal Compliance	129,676		774,731
Total Legal and Professional	142,676		852,331
Non Operating Income Other
Recycling	748		748
Total Non Operating Income Other	748		748

Page 21 of 24

X. BALANCE SHEET

(ACCRUAL BASIS ONLY)

				11/30/2005
ASSETS	Current Month End
Current Assets:
Unrestricted Cash		387,267
Restricted Cash		1,269
Accounts Receivable		315,209
Inventory		6,748,105
Notes Receivable		0
Prepaid Expenses		493,918
Other (Itemize)		4,094,958
Total Current Assets					12,040,726
Property, Plant, and Equipment		4,238,241
Accumulated Depreciation/Depletion		(4,141,139	)
Net Property, Plant, and Equipment					97,102
Other Assets (Net of Amortization):
Due from Insiders
Other (Itemize)		6,417,381
Total Other Assets					6,417,381
TOTAL ASSETS					18,555,209
LIABILITIES
Post-petition Liabilities:
Accounts Payable		564,422
Taxes Payable		6,053
Notes Payable		2,400,000
Professional fees		219,440
Secured Debt
Other (Itemize)		654,487
Total Post-petition Liabilities					3,844,402
Pre-petition Liabilities:
Secured Liabilities		7,920,313
Priority Liabilities		54,481
Unsecured Liabilities		7,130,140
Other (Itemize)
Total Pre-petition Liabilities					15,104,934
TOTAL LIABILITIES					18,949,336
EQUITY:
Pre-petition Owners’ Equity		2,202,077
Post-petition Profit/(Loss)		(2,596,204	)
Direct Charges to Equity
TOTAL EQUITY					(394,127	)
TOTAL LIABILITIES & EQUITY					18,555,209

Page 22 of 24

Other Current Assets
Investor Receivable	4,009,591
Vendor Advance - Current Asset	18,843
Deposits	64,037
Employee Advance	2,246
401K Loans - Employee	241
Travel Advance	0
Total Other Current Assets	4,094,958
Other Assets (Net of Amortization)
Patents	1,228,061
Amort Patents	(809,318	)
Patents In Progress	76,472
Long Term Deposits	486,106
Long Term Investments	286,061
Investment in Subs	5,142,536
Suspense	7,464
Total Other Assets (Net of Amortization)	6,417,381
Other Post-Petition Liabilities
Accrued Interest	391,578
Accrued Payables	199,428
Accrued Payroll	63,481
Total Other Post-Petition Liabilities	654,487

Page 23 of 24

XI. QUESTIONNAIRE
AURA SYSTEMS, INC.
CHAPTER 11 BANKRUPTCY CASE NO. LA-05-24550-SB
	30-Nov-05

		No	Yes
1.	Has the debtor-in-possession made any payments on its pre-petition unsecured debt, except as have been authorized by the court? If "Yes", explain below:	X
		No	Yes
2.	Has the debtor-in-possession during this reporting period provided compensation or remuneration to any officers, directors, principals, or other insiders without appropriate authorization? If "Yes", explain below:	X
3.	State what progress was made during the reporting period toward filing a plan of reorganization
	Negotiation with DIP lenders regarding exit strategy
	Finalization of Reorganization in processes Disclosure Stmt submitted for Court Approval 11/29/05 and has been approved for plan solicitation
4.	Describe potential future developments which may have a significant impact on the case:
	Increase in sales; DIP financing milestones met and additional funds received and exit financing
5.	Attach copies of all Orders granting relief from the automatic stay that were entered during the reporting period.
	None
		No	Yes
6.	Did you receive any exempt income this month, which is not set forth in the operating report? If "Yes", please set forth the amounts and sources of the income below.	X
I,	Sandra Ferro
	declare under penalty of perjury that I have fully read and understood the foregoing debtor-in-possession operating report and that the information contained herein is true and complete to the best of my knowledge.

Date Principal for debtor-in-possession

Page 24 of 24