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10-Q - FORM 10-Q - Location Based Technologies, Inc.lbt_10q-113012.htm
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v2.4.0.6
Note 3 - Property and Equipment (Tables)
3 Months Ended
Nov. 30, 2012
Property, Plant and Equipment [Table Text Block]
   
November 30,
2012
   
August 31,
2012
 
Machinery and equipment
  $ 175,965     $ 55,965  
Computer software (mobile apps)
    83,999       83,999  
Computer software (internal)
    51,263       51,263  
Computer and video equipment
    17,632       17,632  
Office furniture
    24,526       24,526  
      353,385       233,385  
Less: accumulated depreciation and impairment adjustment
    (119,251 )     (109,403 )
Total property and equipment
  $ 234,134     $ 123,982