Location Based Technologies, Inc. (LBAS) financial statements (2020 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 millions)

8/31/2014
8/31/2013
8/31/2012
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments010
Cash and cash equivalents010
Receivables000
Inventory, net of allowances, customer advances and progress billings112
Inventory112
Deferred costs000
Prepaid expense and other current assets0
Other undisclosed current assets00 
Total current assets:123
Noncurrent Assets
Inventory, Noncurrent111
Property, plant and equipment000
Intangible assets, net (including goodwill)111
Intangible assets, net (excluding goodwill)111
Other noncurrent assets12
Prepaid expense and other noncurrent assets3
Other undisclosed noncurrent assets(1)(2)(3)
Total noncurrent assets:123
TOTAL ASSETS:235
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:221
Other undisclosed accounts payable and accrued liabilities221
Debt251
Deferred compensation liability001
Derivative instruments and hedges, liabilities 1 
Due to related parties00 
Deferred revenue and credits000
Other undisclosed current liabilities412
Total current liabilities:885
Noncurrent Liabilities
Long-term debt and lease obligation1 2
Long-term debt, excluding current maturities1 2
Liabilities, other than long-term debt3  
Due to related parties3  
Other undisclosed noncurrent liabilities02(2)
Total noncurrent liabilities:42 
Total liabilities:12105
Commitments and contingencies  0
Temporary equity, carrying amount  (0)
Stockholders' equity
Stockholders' equity attributable to parent, including:(10)(7)0
Common stock000
Additional paid in capital514945
Accumulated deficit(61)(56)(45)
Other undisclosed stockholders' equity attributable to parent(0)(0)(0)
Total stockholders' equity:(10)(7)0
TOTAL LIABILITIES AND EQUITY:235

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

8/31/2014
8/31/2013
8/31/2012
Revenues
(Revenue, Net)
221
Cost of revenue(2)(4)(2)
Cost of goods and services sold(2)(5)(1)
Financial services costs(0)(1) 
Gross profit:0(2)(1)
Operating expenses(4)(6)(6)
Operating loss:(4)(8)(7)
Nonoperating expense(1)(3)(1)
Debt instrument, convertible, beneficial conversion feature 00
Interest and debt expense(1)(1)1
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes11(1)
Loss from continuing operations before income taxes:(5)(11)(8)
Income tax expense(0)(0)(0)
Net loss available to common stockholders, diluted:(5)(11)(8)

Comprehensive Income ($ in millions)

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

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.

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