Location Based Technologies, Inc. Balance Sheet

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Financial Statements

Income Statement Balance Sheet Cashflow Statement

Consolidated Balance Sheets

In millions of USD, except per-share amounts

	Q3 FY2015 As of May 31, 2015	Q2 FY2015 As of Feb 28, 2015	Q1 FY2015 As of Nov 30, 2014	Q4 FY2014 As of Aug 31, 2014	Q3 FY2014 As of May 31, 2014	Q2 FY2014 As of Feb 28, 2014	Q1 FY2014 As of Nov 30, 2013	Q4 FY2013 As of Aug 31, 2013	Q3 FY2013 As of May 31, 2013	Q2 FY2013 As of Feb 28, 2013	Q1 FY2013 As of Nov 30, 2012	Q4 FY2012 As of Aug 31, 2012	Q3 FY2012 As of May 31, 2012	Q2 FY2012 As of Feb 29, 2012	Q1 FY2012 As of Nov 30, 2011
CURRENT ASSETS
Cash and cash equivalents
Accounts receivable, net of allowance
Accounts receivable, net of allowances
Due from factor
Inventory, Net
Prepaid expenses and other assets
Manufacturing deposits
Deferred financing costs
Total current assets
Property and equipment, net of accumulated depreciation

OTHER ASSETS
Intangible assets, net of accumulated amortization
Inventory, net of reserves
Deposits
Total other assets
Total other assets
TOTAL ASSETS

CURRENT LIABILITIES
Convertible demand notes payable and accrued interest
Convertible Demand Notes Payable and Accrued Interest
Convertible Term Notes Payable and Accrued Interest
Related Party Convertible Term Notes Payable and Accrued Interest
Total convertible demand notes payable and accrued interest
Accrued interest, convertible notes payable
Related party notes payable and accrued interest, net of unamortized beneficial conversion feature
Accrued Interest, Line of Credit
Total related party notes payable and accrued interest, net of unamortized beneficial conversion feature

Related party convertible demand notes payable and accrued interest
Related Party Convertible Demand Notes Payable and Accrued Interest
Related Party Convertible Term Notes Payable and Accrued Interest
Total related party convertible demand notes payable and accrued interest
Current portion of term loans and accrued interest
Derivative liabilities
Inventory purchase commitment
Total current liabilities
Convertible term notes payable
Convertible Term Notes Payable and Accrued Interest
Related Party Convertible Term Notes Payable and Accrued Interest
Total convertible term notes payable
Related party convertible term notes payable and accrued interest, net of unamortized discounts
Related Party Convertible Demand Notes Payable and Accrued Interest
Total related party convertible term notes payable and accrued interest, net of unamortized discounts
Term loans
TOTAL LIABILITIES
Commitments and contingencies

STOCKHOLDERS' EQUITY (DEFICIT)
Preferred stock, $0.001 par value, 10,000,000 shares authorized; no shares issued or outstanding
Common stock, $0.001 par value; 450,000,000 shares authorized; 277,530,645 and 241,095,488 shares issued and outstanding at May 31, 2015 and August 31, 2014, respectively

Common stock to be issued
Additional paid-in capital
Prepaid services paid in common stock
Accumulated deficit
Accumulated other comprehensive income (loss)
Total stockholders' equity (deficit)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)
Accounts payable and accrued expenses
Accrued officer compensation
Deferred compensation
Deferred revenue
Line of credit and accrued interest
Note payable and accrued interest
Advances from officer and accrued interest

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