Location Based Technologies, Inc. (LBAS) financial statements (2023 and earlier)

Company profile

Business Address 49 DISCOVERY, SUITE 260
IRVINE, CA 92618
State of Incorp. NV
Fiscal Year End August 31
SIC 3812 - Search, Detection, Navigation, Guidance, Aeronautical, and Nautical Systems and Instruments (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

8/31/2014
8/31/2013
8/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments146681377
Cash and cash equivalents146681377
Receivables7878188
Inventory, net of allowances, customer advances and progress billings7937881,983
Inventory7937881,983
Deferred costs62659
Prepaid expense and other current assets128
Other undisclosed current assets4548 
Total current assets:1,0691,6212,735
Noncurrent Assets
Inventory, Noncurrent5658931,350
Property, plant and equipment66111124
Intangible assets, net (including goodwill)5977161,249
Intangible assets, net (excluding goodwill)5977161,249
Other noncurrent assets1,1921,639
Prepaid expense and other noncurrent assets2,629
Other undisclosed noncurrent assets(1,162)(1,609)(2,599)
Total noncurrent assets:1,2581,7502,753
TOTAL ASSETS:2,3263,3715,487
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1,8651,6991,305
Other undisclosed accounts payable and accrued liabilities1,8651,6991,305
Debt1,6184,5941,006
Deferred compensation liability262268998
Derivative instruments and hedges, liabilities 745 
Due to related parties10729 
Deferred revenue and credits302517
Other undisclosed current liabilities4,4301,0502,090
Total current liabilities:8,3128,4105,415
Noncurrent Liabilities
Long-term debt and lease obligation844 2,042
Long-term debt, excluding current maturities844 2,042
Liabilities, other than long-term debt2,820  
Due to related parties2,820  
Other undisclosed noncurrent liabilities3331,719(2,042)
Total noncurrent liabilities:3,9971,719 
Total liabilities:12,30910,1295,415
Commitments and contingencies  48
Temporary equity, carrying amount  (48)
Stockholders' equity
Stockholders' equity attributable to parent, including:(9,983)(6,759)72
Common stock241212135
Additional paid in capital51,03649,38845,227
Accumulated deficit(61,212)(56,064)(45,015)
Other undisclosed stockholders' equity attributable to parent(48)(295)(275)
Total stockholders' equity:(9,983)(6,759)72
TOTAL LIABILITIES AND EQUITY:2,3263,3715,487

Income statement (P&L) ($ in thousands)

8/31/2014
8/31/2013
8/31/2012
Revenues
(Revenue, Net)
1,7041,918948
Cost of revenue(1,563)(3,597)(2,104)
Cost of goods and services sold(1,616)(4,626)(734)
Financial services costs(439)(622) 
Gross profit:141(1,679)(1,156)
Operating expenses(3,978)(6,336)(5,918)
Operating loss:(3,837)(8,015)(7,074)
Nonoperating expense(1,310)(3,033)(889)
Debt instrument, convertible, beneficial conversion feature 173228
Interest and debt expense(541)(695)581
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes541695(581)
Loss from continuing operations before income taxes:(5,147)(11,049)(7,963)
Income tax expense(1)(1)(1)
Net loss available to common stockholders, diluted:(5,147)(11,049)(7,963)

Comprehensive Income ($ in thousands)

8/31/2014
8/31/2013
8/31/2012
Net loss:(5,147)(11,049)(7,963)
Comprehensive loss, net of tax, attributable to parent:(5,147)(11,049)(7,963)

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: