Location Based Technologies, Inc. Financial Ratios — LBAS

Profitability (USD)

	2006 Y	2007 Y	2008 Y	2009 Y	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y
Return on Common Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Assets (%)	- -	-46.53	-197.38	-348.44	-388.7	-152.79	-106.98	-249.48	-180.7
Return on Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	- -	- -	100	62.17	-135.07	-48.42	-121.92	-87.56	8.29
EBITDA Margin (%)	- -	- -	-92,614.21	-510.95	-6,259.81	-20,844.62	-730.98	-387.48	-216.83
Operating Margin (%)	- -	- -	-92,856.69	-518.36	-6,365.07	-21,017.86	-746.12	-394.12	-225.14
Incremental Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	- -	- -	-132,913.41	-1,016.99	-13,507.44	-48,452.5	-839.85	-576.04	-302.01
Profit Margin (%)	- -	- -	-132,940.91	-1,017.07	-13,508.63	-48,457.22	-839.93	-576.08	-302.06
Net Income to Common Margin (%)	- -	- -	-132,940.91	-1,017.07	-13,508.63	-48,457.22	-839.93	-576.08	-302.06
Effective Tax Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -

Credit (USD)

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	2006 Y	2007 Y	2008 Y	2009 Y	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y
Total Debt	1	6	- -	1	1	2	3	7	10
ST Debt	- -	6	- -	1	1	2	3	6	6
LT Debt	1	- -	- -	- -	- -	- -	- -	2	4
Total Debt/EBITDA	-1.27	-4.82	- -	-0.28	-0.35	-0.54	-0.41	-0.99	-2.75
Net Debt/EBITDA	-1.26	-1.71	- -	-0.24	-0.35	0.48	-0.36	-0.9	-2.71
Total Debt/EBIT	-1.26	-4.81	- -	-0.27	-0.35	-0.54	-0.4	-0.98	-2.65
Net Debt/EBIT	-1.26	-1.71	- -	-0.23	-0.35	0.48	-0.35	-0.89	-2.61
EBITDA to Interest Expense	- -	- -	- -	- -	- -	-1	-9.49	-7.71	-3.1
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	-1.05	-9.96	-7.75	-3.17
EBIT to Interest Expense	- -	- -	- -	- -	- -	-1.01	-9.69	-7.84	-3.22
Interest Expense	- -	- -	- -	- -	- -	4	1	1	1
Common Equity/Total Assets	-84.51	-41.28	-436.22	-597.99	-2,111.01	-392.79	-817.88	-1,656.99	-2,620.75
Long-Term Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -
Long-Term Debt/Capital (%)	631.96	- -	- -	- -	- -	- -	- -	-3.55	-7.87
Long-Term Debt/Total Assets (%)	93.99	- -	- -	- -	- -	- -	- -	51	171.82
Total Debt/Equity (%)	-238.36	-382.72	- -	290.84	-32.33	42.41	3,947.11	-109.37	-101.7
Total Debt/Capital (%)	668.21	167.2	- -	-7.35	-5.46	-5.5	-6.77	-15.25	-19.98
Total Debt/Total Assets (%)	99.38	102.71	- -	40.93	109.34	20.47	51.89	219.3	436.38
Net Debt to Equity	-237.44	-135.98	-1.67	247.75	-32.32	-37.37	3,425.13	-99.3	-100.24
Net Debt/Capital (%)	683.31	-761.99	0.21	-6.19	-5.46	4.39	-5.83	-13.66	-19.63
EBITDA	-1	-1	-5	-5	-4	-4	-7	-7	-4
EBITDA-CapEx	-1	-2	-6	-5	-4	-4	-7	-7	-4
Operating Income (Loss)	-1	-1	-5	-5	-4	-4	-7	-8	-4

Liquidity (USD)

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	2006 Y	2007 Y	2008 Y	2009 Y	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y
Cash Ratio	0.01	0.52	0.02	0.07	- -	0.87	0.07	0.08	0.02
Current Ratio	0.01	0.59	0.1	0.27	- -	1.9	0.51	0.19	0.13
Quick Ratio	0.01	0.52	0.02	0.1	- -	0.87	0.1	0.09	0.03
CFO/Avg Current Liab	- -	-0.29	-1.62	-1.32	-0.32	-1.65	-1.02	-0.46	-0.32
Common Equity/Total Assets	-84.51	-41.28	-436.22	-597.99	-2,111.01	-392.79	-817.88	-1,656.99	-2,620.75
Long-Term Debt/Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -
Long-Term Debt/Capital (%)	631.96	- -	- -	- -	- -	- -	- -	-3.55	-7.87
Long-Term Debt/Total Assets (%)	93.99	- -	- -	- -	- -	- -	- -	51	171.82
Total Debt/Equity (%)	-238.36	-382.72	- -	290.84	-32.33	42.41	3,947.11	-109.37	-101.7
Total Debt/Capital (%)	668.21	167.2	- -	-7.35	-5.46	-5.5	-6.77	-15.25	-19.98
Total Debt/Total Assets (%)	99.38	102.71	- -	40.93	109.34	20.47	51.89	219.3	436.38
CFO/Total Liabilities	-12.35	-15.14	-616.98	-90.83	-23.82	-172.41	-90.42	-31.07	-21.49
CFO/CapEx	-9.69	-2.36	-8.07	-5.78	-6.18	-46.19	-14.4	-83.7	-34.47
Altman's Z-Score	-322.79	-1.11	103.38	-5.7	-1,027	6.67	-16.09	-39.71	-60.82

Working Capital (USD)

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	2006 Y	2007 Y	2008 Y	2009 Y	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y
Accounts Receivable Turnover	- -	- -	- -	25.47	1.78	- -	10.07	14.43	21.85
Days Sales Outstanding	- -	- -	- -	14.33	204.57	- -	36.24	25.3	16.71
Inventory Turnover	- -	- -	- -	- -	- -	2.03	2.1	2.6	1.98
Days Inventory Outstanding	- -	- -	- -	- -	- -	179.77	174.15	140.6	184.7
Accounts Payable Turnover	- -	- -	- -	0.46	0.1	0.03	3.08	1.6	1.85
Accounts Payable Turnover Days	- -	- -	- -	789.42	3,747.1	13,269.74	118.35	228.13	197.78
Cash Conversion Cycle	- -	- -	- -	-775.09	-3,542.53	-13,089.97	92.04	-62.24	3.62
Inventory to Cash Days	- -	- -	- -	14.33	204.57	-179.77	-137.91	-115.3	-167.99
Inventories	- -	- -	- -	- -	- -	- -	2	1	1
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	2	1	1
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

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	2006 Y	2007 Y	2008 Y	2009 Y	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y
Market Capitalization	- -	14	233	78	14	113	44	27	2
- Cash & Cash Equivalents	- -	4	- -	- -	- -	4	- -	1	- -
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	1	6	- -	1	1	2	3	7	10
Enterprise Value	1	16	233	79	16	111	47	34	12
Total Capital	- -	3	-10	-18	-27	-35	-42	-48	-51
Total Debt/Capital (%)	668.21	167.2	- -	-7.35	-5.46	-5.5	-6.77	-15.25	-19.98
Total Debt / EV	1	0.35	- -	0.02	0.09	0.02	0.06	0.22	0.85
EV/Sales	- -	- -	40,040.93	82.22	236.24	6,541.41	49.49	17.51	6.98
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Free Cash Flow to Firm	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted Market Cap	- -	14	233	78	14	113	44	27	2
Diluted Enterprise Value	1	16	233	79	16	111	47	34	12
EV per Share	- -	1.15	2.91	0.87	0.16	0.91	0.24	0.16	0.05
TTM Sales	- -	- -	- -	1	- -	- -	1	2	2
TTM EBITDA	-1	-1	-5	-5	-4	-4	-7	-7	-4
TTM Operating Income	-1	-1	-5	-5	-4	-4	-7	-8	-4
TTM Cash Flow to Firm	- -	-1	-7	-3	-1	-5	-4	-2	-1
TTM Free Cash Flow to Firm	- -	-1	-6	-2	-1	-5	-4	-2	-1

Multiples (USD)

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	2006 Y	2007 Y	2008 Y	2009 Y	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y
Price/Free Cash Flow	- -	-23.14	-40.56	-36.44	-12.04	-13.74	-9.76	-8.64	-0.73
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	1	16	233	79	16	111	47	34	12
Low Price	- -	0.51	0.43	0.42	0.1	0.06	0.22	0.11	0.01
EV/Sales	- -	- -	40,040.93	82.22	236.24	6,541.41	49.49	17.51	6.98
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings Average	- -	-6.58	-19.5	-11.67	-4.75	-3.61	-9.39	-3.4	-2.75
Price/Earnings High	- -	-9.42	-36.64	-31.49	-12.43	-19.83	-25.97	-6.13	-6.25
Price/Earnings Low	- -	-4.73	-4.49	-3.89	-1.1	-0.92	-5.22	-2	-0.35
Price/Book Value	- -	-6.2	-23.3	-3.93	-0.5	-3.05	-0.99	-0.48	-0.03
Price/Book Value Average	- -	-4.33	-15.09	-5.76	-1.49	-0.8	-1.67	-0.67	-0.23
Price/Book Value High	- -	-6.2	-28.34	-15.55	-3.91	-4.42	-4.61	-1.21	-0.53
Price/Book Value Low	- -	-3.11	-3.47	-1.92	-0.35	-0.2	-0.93	-0.4	-0.03
Price/Tangible Book Value	- -	-5.72	2,139.97	-100.22	-2.43	34.09	-37.14	-3.59	-0.18
Price/Tangible Book Value Average	- -	-3.99	1,385.57	-146.86	-7.27	8.98	-62.46	-5.03	-1.34
Price/Tangible Book Value High	- -	-5.72	2,603.26	-396.21	-19.05	49.34	-172.78	-9.06	-3.04
Price/Tangible Book Value Low	- -	-2.87	318.66	-48.94	-1.69	2.29	-34.72	-2.96	-0.17
Price/Sales	- -	- -	40,044.46	81.02	214.02	6,641.32	46.89	14.01	1.11
Price/Sales Average	- -	- -	25,927.67	118.72	641.09	1,748.64	78.86	19.59	8.31
Price/Sales High	- -	- -	48,713.88	320.3	1,679.46	9,610.56	218.13	35.29	18.89
Price/Sales Low	- -	- -	5,963.05	39.57	148.62	445.38	43.83	11.55	1.04
Price/Cash Flow	- -	-13.33	-35.54	-30.13	-10.09	-13.44	-9.08	-8.54	-0.71
Price/Cash Flow Average	- -	-9.31	-23.01	-44.16	-30.22	-3.54	-15.27	-11.94	-5.36
Price/Cash Flow High	- -	-13.33	-43.23	-119.13	-79.17	-19.45	-42.24	-21.51	-12.17
Price/Cash Flow Low	- -	-6.69	-5.29	-14.72	-7.01	-0.9	-8.49	-7.04	-0.67
Price/Free Cash Flow Average	- -	-16.16	-26.26	-53.4	-36.06	-3.62	-16.41	-12.09	-5.52
Price/Free Cash Flow High	- -	-23.14	-49.35	-144.06	-94.46	-19.88	-45.39	-21.77	-12.53
Price/Free Cash Flow Low	- -	-11.61	-6.04	-17.8	-8.36	-0.92	-9.12	-7.12	-0.69
EV/Sales Average	- -	- -	25,924.13	119.92	663.31	1,648.73	81.47	23.09	14.19
EV/Sales High	- -	- -	48,710.35	321.5	1,701.68	9,510.64	220.74	38.79	24.76
EV/Sales Low	- -	- -	5,959.51	40.77	170.84	345.47	46.44	15.05	6.91
EV/EBITDA Average	-1.26	-10.1	-27.99	-23.47	-10.6	-7.91	-11.14	-5.96	-6.54
EV/EBITDA High	-1.26	-13.72	-52.59	-62.92	-27.18	-45.63	-30.2	-10.01	-11.42
EV/EBITDA Low	-1.26	-7.74	-6.43	-7.98	-2.73	-1.66	-6.35	-3.88	-3.19
EV/EBIT Average	-1.26	-10.08	-27.92	-23.14	-10.42	-7.84	-10.92	-5.86	-6.3
EV/EBIT High	-1.26	-13.7	-52.46	-62.02	-26.73	-45.25	-29.58	-9.84	-11
EV/EBIT Low	-1.26	-7.72	-6.42	-7.86	-2.68	-1.64	-6.22	-3.82	-3.07
Last Price	- -	1.01	2.91	0.86	0.14	0.93	0.23	0.13	0.01
High Price	- -	1.01	3.54	3.4	1.13	1.34	1.07	0.33	0.14
Enterprise Value Average	1	12	151	115	45	28	77	44	24
Enterprise Value High	1	16	283	308	114	161	209	74	42
Enterprise Value Low	1	9	35	39	11	6	44	29	12

	2006 Y	2007 Y	2008 Y	2009 Y	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y
Shares Outstanding	87	87	89	97	107	192	198	212	241
Diluted Weighted Avg Shares	200	14	80	90	100	122	193	205	222
Basic Weighted Avg Shares	200	14	80	90	100	122	193	205	222
Revenue per Share	- -	- -	- -	0.01	- -	- -	- -	0.01	0.01
EBITDA per Share	- -	-0.08	-0.07	-0.05	-0.04	-0.03	-0.04	-0.04	-0.02
Operating Income per Share	- -	-0.08	-0.07	-0.06	-0.04	-0.03	-0.04	-0.04	-0.02
Basic EPS, GAAP	- -	-0.11	-0.1	-0.11	-0.09	-0.07	-0.04	-0.05	-0.02
Basic EPS from Cont Ops	- -	-0.11	-0.1	-0.11	-0.09	-0.07	-0.04	-0.05	-0.02
Diluted EPS, GAAP	- -	-0.11	-0.1	-0.11	-0.09	-0.07	-0.04	-0.05	-0.02
Diluted EPS from Cont Ops	- -	-0.11	-0.1	-0.11	-0.09	-0.07	-0.04	-0.05	-0.02
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	- -	-0.08	-0.08	-0.03	-0.01	-0.07	-0.03	-0.02	-0.01
Free Cash Flow per Basic Share	- -	-0.11	-0.09	-0.03	-0.02	-0.07	-0.03	-0.02	-0.01
Cash & Equivalents per Share	- -	0.26	- -	- -	- -	0.03	- -	- -	- -
Book Value per Share	- -	-0.16	-0.12	-0.22	-0.29	-0.3	-0.23	-0.27	-0.27
Tangible Book Value per Share	-0.01	-0.18	- -	-0.01	-0.06	0.03	-0.01	-0.04	-0.05

Location Based Technologies, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)