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Location Based Technologies, Inc. LBAS Current Price and Quotes
Last Price 0.1212
Previous Close 0.1211 Open 0.1399
Daily Range 0.1399 - 0.1212 52wk Range 0.33 - 0.108
Volume 26,712 Dividend N/A
Average Vol (3m) 163,349 Yield N/A
Location Based Technologies, Inc. LBAS
Company Information
49 Discovery
Suite 260
Irvine, CA 92618
Website: http://www.locationbasedtech.com
Phone: 888-600-1044
Email: service@locationbasedtech.com
Location Based Technologies, Inc. LBAS
Location Based Technologies is a company dedicated to improving the lives of others by linking people together through GPS technology. We innovate, develop and manufacture GPS location devices and technology that helps you stay connected with the people, pets and things you love the most.
Location Based Technologies, Inc. LBAS
Financial Reportings and Disclosures
Reporting Status U.S. Reporting: SEC Filer
Audited Financials Audited
Latest Report May 31, 2013 10-Q
CIK 0001383196
Fiscal Year End 8/31
OTC Marketplace OTCQB
Profile Data
SIC - Industry Classification 3812 - Search and navigation equipment
Business Status Development Stage Company a/o Jul 01, 2009
Incorporated In: NV, USA
Year of Inc. 2007
Employees 3 a/o Jul 01, 2009
Company Officers/Contacts
David Morse CEO, President
Joseph Scalisi Co-President, CTO
Desiree Mejia COO
Kenneth Eric Fronk CFO
Company Directors
Greggory Haugen
David Meyers
Charles Smith
Company Notes
Formerly=Springbank Resources, Inc. until 10-07
Service Providers
Auditor/Accountant
Friedman LLP
100 Eagle Rock Avenue
Suite 200
East Hanover, NJ, 07936
United States
Legal Counsel
Locke, Lord, Bissell and Lidell
300 S. Grand Ave.
Los Angeles, CA, 90071
United States
Investor Relations Firm
Not Available
Location Based Technologies, Inc. LBAS
LBAS Security Details
Share Structure
Market Value1 $25,405,036 a/o Sep 06, 2013
Shares Outstanding 209,612,511 a/o Jul 10, 2013
Float Not Available
Authorized Shares Not Available
Par Value No Par Value
Shareholders
Shareholders of Record 310 a/o Nov 29, 2012
Security Notes
Capital Change=shs increased by 3 for 1 split. Ex-date=10/28/2008. Rec date=10/20/2008. Pay date=10/27/2008.
Short Selling Data
Short Interest 123,011 (-23.6%)
Aug 15, 2013
Significant Failures to Deliver No
Transfer Agent(s)
Location Based Technologies, Inc. LBAS Recent News
Sept 5, 2013 Location Based Technologies Encourages Shareholders to Vote Their Proxy Ballots before September 16, 2013 Shareholder Meeting
Sept 4, 2013 LBT's-886 Asset & Vehicle Tracking Device Receives AT&T Network Certification
Aug 21, 2013 Location Based Technologies Annual Shareholder Meeting Thursday, August 22, 2013, 1pm (Pacific)
Aug 20, 2013 Location Based Technologies to Showcase Public Safety and Tracking Solutions at APCO 2013
Aug 19, 2013 PocketFinder Featured on HLN Network (CNN) and "Passed with Flying Colors"
Aug 9, 2013 Location Based Technologies Enters Agreement with Distributor in Preparation for Launch in Asia
Jun 28, 2013 Location Based Technologies and EE Sign a SIM Purchase Agreement
Jun 18, 2013 Location Based Technologies, Inc. CEO Letter to Shareholders
Jun 10, 2013 LBT-886 Receives FCC and IC Certification
Location Based Technologies, Inc. LBAS Financials
Period Ending Aug 31, 2012 Aug 31, 2011 Aug 31, 2010 Aug 31, 2009
Total Revenue 948 17 67 958
Cost of Revenue 2,104 25 158 362
Gross Profit (1,156) (8) (91) 595
Operating Expenses
Research and Development 522 514 1,648 1,535
Sales, General and Admin. 5,396 3,044 2,532 4,025
Non-Recurring Items - - 1,362 -
Other - - 1,320 -
Operating Income (7,074) (3,567) (4,270) (4,965)
Income From Continuing Operations
Add'l Income/Expense Items (435) (4,063) (1,786) (4,627)
Earnings Before Interest and Tax (7,963) (8,222) (9,062) (9,741)
Interest Expense - - - -
Earnings Before Tax (7,963) (8,222) (9,062) (9,741)
Income Tax 1 1 1 1
Minority Interest - - - -
Equity Earnings Unconsolidated Subsidiary - - - -
Net Income Cont. Operations (7,963) (8,223) (9,063) (9,742)
Non Recurring Events
Discontinued Operations - - - -
Extraordinary Items - - - -
Effect of Accounting Changes - - - -
Other Items - - - -
Net Income (7,963) (8,223) (9,063) (9,742)
Preferred Stock and Other Adjustments - - - -
Net Income Applicable to Common Shareholders (7,963) (8,223) (9,063) (9,742)
LBAS Location Based Technologies, Inc. Research DD Guide
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LBAS Location Based Technologies, Inc. Insider Disclosure http://www.otcmarkets.com/stock/LBAS/insider-transactions
LBAS Location Based Technologies, Inc. Research Reports http://www.otcmarkets.com/stock/LBAS/research
LBAS Location Based Technologies, Inc. Summary http://finance.yahoo.com/q?s=LBAS
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LBAS Location Based Technologies, Inc. Income Statement http://finance.yahoo.com/q/is?s=LBAS
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