Location Based Technologies, Inc.: 10-Q filed 2015-04-10

Name: Location Based Technologies, Inc.: 10-Q filed 2015-04-10
Creator: Location Based Technologies, Inc.
License: https://creativecommons.org/licenses/by/4.0/

What Location Based Technologies, Inc. reported in its quarterly report filed 2015-04-10 (fiscal Q2 2015): 32 published measures, 81 facts as tagged in accession 0001437749-15-007192.

This filing

Form: 10-Q (quarterly report)
Filed: 2015-04-10
Fiscal period: fiscal Q2 2015
Accession: 0001437749-15-007192 on SEC EDGAR

Values are as tagged in this filing. A later filing can restate them; a measure with a published history links to it, and the history shows the latest-filed value per period. All Location Based Technologies, Inc. filings.

Reported measures

Total assets

Resources recognized on the balance sheet. Book assets are not the market value of the business.

Period	Value	Unit	Days
At 2015-02-28	2,249,322	USD
At 2014-08-31	2,326,462	USD

Total liabilities

Recognized obligations at the reporting date. The definition and scope differ from interest-bearing debt.

Period	Value	Unit	Days
At 2015-02-28	14,278,819	USD
At 2014-08-31	12,309,044	USD

Stockholders equity

The reported residual interest after liabilities. It is an accounting amount, not market capitalization.

Period	Value	Unit	Days
At 2015-02-28	-12,029,497	USD
At 2014-08-31	-9,982,582	USD

Cash and cash equivalents

Cash and qualifying short-term liquid investments under the filer’s accounting policy. Restricted cash and longer-term investments may be reported separately.

Period	Value	Unit
At 2015-02-28	237,099	USD
At 2014-08-31	146,200	USD
At 2014-02-28	86,252	USD
At 2013-08-31	680,914	USD

Net income or loss

Reported profit or loss for the period. Check the filing for attribution, exceptional items and discontinued operations before comparing companies.

Period	Value	Unit	Days
2014-12-01 to 2015-02-28	-905,319	USD	90
2014-09-01 to 2015-02-28	-2,016,642	USD	181
2013-12-01 to 2014-02-28	-1,342,353	USD	90
2013-09-01 to 2014-02-28	-2,387,943	USD	181

Operating cash flow

Cash generated or used by operating activities. Working-capital timing can make this differ substantially from reported income.

Period	Value	Unit	Days
2014-09-01 to 2015-02-28	-1,106,016	USD	181
2013-09-01 to 2014-02-28	-1,798,870	USD	181

Capital expenditure payments

Cash payments to acquire property, plant and equipment. This taxonomy concept does not capture every form of investment or acquisition.

Period	Value	Unit	Days
2014-09-01 to 2015-02-28	3,083	USD	181
2013-09-01 to 2014-02-28	49,467	USD	181

Financing cash flow

Net cash from financing activities, including borrowing, repayments and transactions with owners. A positive amount does not establish operating profitability.

Period	Value	Unit	Days
2014-09-01 to 2015-02-28	1,199,998	USD	181
2013-09-01 to 2014-02-28	1,246,175	USD	181

Investing cash flow

Net cash from investing activities, including asset purchases, disposals and investment transactions. This differs from capital expenditure payments alone.

Period	Value	Unit	Days
2014-09-01 to 2015-02-28	-3,083	USD	181
2013-09-01 to 2014-02-28	-41,967	USD	181

Retained earnings or deficit

Accumulated undistributed earnings or deficit at the reporting date. This balance is not cash available for distribution.

Period	Value	Unit	Days
At 2015-02-28	-63,228,551	USD
At 2014-08-31	-61,211,909	USD

Income tax expense or benefit

Current and deferred income tax expense or benefit for continuing operations. This accounting expense differs from cash taxes paid.

Period	Value	Unit	Days
2014-09-01 to 2015-02-28	0	USD	181
2013-09-01 to 2014-02-28	800	USD	181

Net property, plant and equipment

Carrying amount of property, plant and equipment after accumulated depreciation, depletion and amortization. It is not replacement cost or market value.

Period	Value	Unit	Days
At 2015-02-28	38,377	USD
At 2014-08-31	65,817	USD

Share-based compensation expense

Reported noncash expense for share-based payment arrangements. Noncash treatment does not mean the awards have no economic cost to shareholders.

Period	Value	Unit	Days
2014-09-01 to 2015-02-28	44,281	USD	181
2013-09-01 to 2014-02-28	88,670	USD	181

Operating income or loss

Operating revenue less operating expenses for the reporting period. It excludes items outside the reported operating result and is not free cash flow.

Period	Value	Unit	Days
2014-12-01 to 2015-02-28	-526,355	USD	90
2014-09-01 to 2015-02-28	-1,190,769	USD	181
2013-12-01 to 2014-02-28	-794,649	USD	90
2013-09-01 to 2014-02-28	-2,275,006	USD	181

Current assets

Assets classified as current under the normal operating cycle or one-year boundary. Not all current assets can be converted immediately into cash.

Period	Value	Unit	Days
At 2015-02-28	1,105,420	USD
At 2014-08-31	1,068,522	USD

Current liabilities

Obligations classified as current under the operating-cycle or one-year boundary. The balance includes more than short-term borrowing.

Period	Value	Unit	Days
At 2015-02-28	13,085,108	USD
At 2014-08-31	8,311,818	USD

Net current accounts receivable

Current customer receivables after the allowance for credit loss. The balance is not cash collected or a guarantee of collection.

Period	Value	Unit	Days
At 2015-02-28	97,243	USD
At 2014-08-31	78,422	USD

Operating expenses

Recurring operating costs under this accounting concept, generally excluding production costs included in cost of sales. Check filing presentation before combining expense subtotals.

Period	Value	Unit	Days
2014-12-01 to 2015-02-28	715,271	USD	90
2014-09-01 to 2015-02-28	1,573,621	USD	181
2013-12-01 to 2014-02-28	788,335	USD	90
2013-09-01 to 2014-02-28	2,295,689	USD	181

Net inventory

Inventory carrying amount after applicable valuation and LIFO reserves. It does not establish realizable selling proceeds or inventory turnover without other inputs.

Period	Value	Unit	Days
At 2015-02-28	749,805	USD
At 2014-08-31	793,332	USD

Gross profit

Revenue less the costs directly attributed to the goods or services sold. It precedes other operating expenses and is not net income.

Period	Value	Unit	Days
2014-12-01 to 2015-02-28	188,916	USD	90
2014-09-01 to 2015-02-28	382,852	USD	181
2013-12-01 to 2014-02-28	-6,314	USD	90
2013-09-01 to 2014-02-28	20,683	USD	181

Cost of revenue

Costs attributed to goods produced and sold and services provided during the period. This is not the sum of every operating expense.

Period	Value	Unit	Days
2014-12-01 to 2015-02-28	241,010	USD	90
2014-09-01 to 2015-02-28	573,076	USD	181
2013-12-01 to 2014-02-28	347,405	USD	90
2013-09-01 to 2014-02-28	729,212	USD	181

Research and development expense

Research and development costs recognized as expense. Capitalization policies and acquired projects can make this differ from total cash invested in development.

Period	Value	Unit	Days
2014-09-01 to 2015-02-28	125,000	USD	181
2013-12-01 to 2014-02-28	9,790	USD	90
2013-09-01 to 2014-02-28	99,548	USD	181

Common shares outstanding

Common shares outstanding at the reporting date. This point-in-time count differs from the weighted-average shares used for earnings per share and can exclude other share classes.

Period	Value	Unit	Days
At 2015-02-28	277,530,645	shares
At 2014-08-31	241,095,488	shares

Additional paid-in capital

Capital contributed above par value under this concept. It records historical contributions, not the current value of the equity or cash on hand.

Period	Value	Unit	Days
At 2015-02-28	50,921,523	USD
At 2014-08-31	51,036,456	USD

Net intangible assets excluding goodwill

Intangible assets other than goodwill after amortization and impairment. Internally developed intangibles are usually not recognized, so this understates what a company relies on.

Period	Value	Unit	Days
At 2015-02-28	562,441	USD
At 2014-08-31	596,977	USD

Other noncurrent assets

Noncurrent assets the filer does not present separately. The composition differs by filer and is described only in the filing.

Period	Value	Unit	Days
At 2015-02-28	1,105,525	USD
At 2014-08-31	1,192,123	USD

Prepaid expenses and other current assets

Prepayments and other current assets grouped under this concept. The balance is not cash and its composition differs by filer.

Period	Value	Unit	Days
At 2015-02-28	21,272	USD
At 2014-08-31	45,062	USD

Net deferred tax assets

Deferred tax assets after the valuation allowance. Realization depends on future taxable income, so the balance is not a receivable from tax authorities.

Period	Value	Unit	Days
At 2015-02-28	0	USD
At 2014-08-31	0	USD

General and administrative expense

General and administrative costs reported under this concept, separate from selling expense. Filers group overhead differently, so compare presentation before comparing companies.

Period	Value	Unit	Days
2014-12-01 to 2015-02-28	258,595	USD	90
2014-09-01 to 2015-02-28	536,458	USD	181
2013-12-01 to 2014-02-28	290,576	USD	90
2013-09-01 to 2014-02-28	1,019,210	USD	181

Depreciation, depletion and amortization

Combined depreciation, depletion and amortization for the period. A noncash allocation of asset cost, not a measure of maintenance spending.

Period	Value	Unit	Days
2014-09-01 to 2015-02-28	65,059	USD	181
2013-09-01 to 2014-02-28	61,306	USD	181

Nonoperating income or expense

Total nonoperating income or expense, which can include interest, investment results and other items. A positive value is not operating profit.

Period	Value	Unit	Days
2014-12-01 to 2015-02-28	-378,964	USD	90
2014-09-01 to 2015-02-28	-825,873	USD	181
2013-12-01 to 2014-02-28	-547,704	USD	90
2013-09-01 to 2014-02-28	-112,137	USD	181

Change in inventories

The cash flow adjustment for the change in inventories during the period. A positive value under this concept means inventory grew and reduced operating cash flow.

Period	Value	Unit	Days
2014-09-01 to 2015-02-28	-225,197	USD	181
2013-09-01 to 2014-02-28	-6,986	USD	181

Inspect the source

Entity: Location Based Technologies, Inc. / CIK 0001383196
Captured: 2026-09-22 19:45 UTC
SEC response SHA-256: adf2924af5c53141d82729de03e44f27c20f8ac17cbb1ccac43dbcc2b71a35d5

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import json
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with urlopen("https://canlicapital.com/company-data/0001383196.json") as response:
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print(record["policy"])
for concept in record["concepts"]:
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