Condensed Consolidated Balance Sheets (Unaudited) (USD $)	Feb. 28, 2015	Aug. 31, 2014
CURRENT ASSETS
Cash and cash equivalents	$ 237,099	$ 146,200
Accounts receivable, net of allowances	97,243us-gaap_AccountsReceivableNetCurrent	78,422us-gaap_AccountsReceivableNetCurrent
Inventories, current	749,805us-gaap_InventoryNet	793,332us-gaap_InventoryNet
Prepaid expenses and other assets	21,272	45,062
Deferred financing costs		5,506us-gaap_DeferredFinanceCostsCurrentNet
Total current assets	1,105,420us-gaap_AssetsCurrent	1,068,522us-gaap_AssetsCurrent
Property and equipment, net of accumulated depreciation	38,377us-gaap_PropertyPlantAndEquipmentNet	65,817us-gaap_PropertyPlantAndEquipmentNet
OTHER ASSETS
Intangible assets, net of accumulated amortization	562,441	596,977
Inventory, Noncurrent	513,084us-gaap_InventoryNoncurrent	565,146us-gaap_InventoryNoncurrent
Deposits	30,000us-gaap_SecurityDeposit	30,000us-gaap_SecurityDeposit
Total other assets	1,105,525us-gaap_OtherAssetsNoncurrent	1,192,123us-gaap_OtherAssetsNoncurrent
TOTAL ASSETS	2,249,322us-gaap_Assets	2,326,462us-gaap_Assets
CURRENT LIABILITIES
Accounts payable and accrued expenses	1,812,367	1,865,282
Deferred compensation	281,844	261,814
Deferred revenue	8,127us-gaap_DeferredRevenueCurrent	29,691us-gaap_DeferredRevenueCurrent
Advances from officer and accrued interest	111,038us-gaap_DueToRelatedPartiesCurrent	106,872us-gaap_DueToRelatedPartiesCurrent
Current portion of term loans and accrued interest	1,155,918us-gaap_LongTermDebtCurrent	1,618,462us-gaap_LongTermDebtCurrent
Derivative liabilities	601,627us-gaap_DerivativeLiabilitiesCurrent
Total current liabilities	13,085,108us-gaap_LiabilitiesCurrent	8,311,818us-gaap_LiabilitiesCurrent
Convertible term notes payable		843,787us-gaap_ConvertibleLongTermNotesPayable
Related party convertible term notes payable and accrued interest, net of unamortized discounts	1,068,711	2,820,106
Term loans	125,000lbas_TermLoanAndAccruedInterest	333,333lbas_TermLoanAndAccruedInterest
TOTAL LIABILITIES	14,278,819us-gaap_Liabilities	12,309,044us-gaap_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; 300,000,000 shares authorized; 277,530,645 and 241,095,488 shares issued and outstanding at February 28, 2015 and August 31, 2014, respectively	277,531us-gaap_CommonStockValue	241,096us-gaap_CommonStockValue
Additional paid-in capital	50,921,523us-gaap_AdditionalPaidInCapital	51,036,456us-gaap_AdditionalPaidInCapital
Prepaid services paid in common stock		(48,225)lbas_PrepaidServicesPaidInCommonStock
Accumulated deficit	(63,228,551)	(61,211,909)
Total stockholders' equity (deficit)	(12,029,497)us-gaap_StockholdersEquity	(9,982,582)us-gaap_StockholdersEquity
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)	2,249,322	2,326,462
Convertible Demand Notes Payable and Accrued Interest [Member]
CURRENT LIABILITIES
Convertible demand notes payable and accrued interest	28,960	30,163
Convertible Term Notes Payable and Accrued Interest [Member]
CURRENT LIABILITIES
Convertible demand notes payable and accrued interest	5,103,916	3,100,361
Related Party Convertible Demand Notes Payable and Accrued Interest [Member]
CURRENT LIABILITIES
Related party convertible demand notes payable and accrued interest	1,245,316	1,192,187
Related Party Convertible Term Notes Payable and Accrued Interest [Member]
CURRENT LIABILITIES
Related party convertible demand notes payable and accrued interest	$ 2,735,995	$ 106,986

Location Based Technologies, Inc. 10-Q