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 investments | 146 | 681 | 377 | ||
| Cash and cash equivalents | 146 | 681 | 377 | ||
| Receivables | 78 | 78 | 188 | ||
| Inventory, net of allowances, customer advances and progress billings | 793 | 788 | 1,983 | ||
| Inventory | 793 | 788 | 1,983 | ||
| Deferred costs | 6 | 26 | 59 | ||
| Prepaid expense and other current assets | ✕ | ✕ | 128 | ||
| Other undisclosed current assets | 45 | 48 | |||
| Total current assets: | 1,069 | 1,621 | 2,735 | ||
| Noncurrent Assets | |||||
| Inventory, Noncurrent | 565 | 893 | 1,350 | ||
| Property, plant and equipment | 66 | 111 | 124 | ||
| Intangible assets, net (including goodwill) | 597 | 716 | 1,249 | ||
| Intangible assets, net (excluding goodwill) | 597 | 716 | 1,249 | ||
| Other noncurrent assets | 1,192 | 1,639 | ✕ | ||
| Prepaid expense and other noncurrent assets | ✕ | ✕ | 2,629 | ||
| Other undisclosed noncurrent assets | (1,162) | (1,609) | (2,599) | ||
| Total noncurrent assets: | 1,258 | 1,750 | 2,753 | ||
| TOTAL ASSETS: | 2,326 | 3,371 | 5,487 | ||
| LIABILITIES AND EQUITY | |||||
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts payable and accrued liabilities, including: | 1,865 | 1,699 | 1,305 | ||
| Other undisclosed accounts payable and accrued liabilities | 1,865 | 1,699 | 1,305 | ||
| Debt | 1,618 | 4,594 | 1,006 | ||
| Deferred compensation liability | 262 | 268 | 998 | ||
| Derivative instruments and hedges, liabilities | 745 | ||||
| Due to related parties | 107 | 29 | |||
| Deferred revenue and credits | 30 | 25 | 17 | ||
| Other undisclosed current liabilities | 4,430 | 1,050 | 2,090 | ||
| Total current liabilities: | 8,312 | 8,410 | 5,415 | ||
| Noncurrent Liabilities | |||||
| Long-term debt and lease obligation | 844 | 2,042 | |||
| Long-term debt, excluding current maturities | 844 | 2,042 | |||
| Liabilities, other than long-term debt | 2,820 | ||||
| Due to related parties | 2,820 | ||||
| Other undisclosed noncurrent liabilities | 333 | 1,719 | (2,042) | ||
| Total noncurrent liabilities: | 3,997 | 1,719 | |||
| Total liabilities: | 12,309 | 10,129 | 5,415 | ||
| Commitments and contingencies | 48 | ||||
| Temporary equity, carrying amount | (48) | ||||
| Stockholders' equity | |||||
| Stockholders' equity attributable to parent, including: | (9,983) | (6,759) | 72 | ||
| Common stock | 241 | 212 | 135 | ||
| Additional paid in capital | 51,036 | 49,388 | 45,227 | ||
| 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: | 2,326 | 3,371 | 5,487 | ||
Income statement (P&L) ($ in thousands)
| 8/31/2014 | 8/31/2013 | 8/31/2012 | ||
|---|---|---|---|---|
| Revenues (Revenue, Net) | 1,704 | 1,918 | 948 | |
| 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 | 173 | 228 | ||
| Interest and debt expense | (541) | (695) | 581 | |
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | 541 | 695 | (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.