Leatt Corp (LEAT) financial statements (2021 and earlier)

Company profile

Business Address 50 KIEPERSOL DRIVE, ATLAS GARDENS
DURBANVILLE, WESTERN CAPE, 7441
State of Incorp. NV
Fiscal Year End December 31
SIC 3751 - Motorcycles, Bicycles, and Parts (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,9672,0731,7101,5181,1031,055725
Cash and cash equivalents2,9672,0731,7101,5181,1031,055725
Receivables7,1772,9562,0492,5512,3012,9024,265
Inventory, net of allowances, customer advances and progress billings9,6708,6554,8155,0344,5784,2413,404
Inventory9,6708,6554,8155,0344,5784,2413,404
Prepaid expense 447     
Advances on inventory purchases805 473565569208345
Other undisclosed current assets2,1671,1871,3059069051,2441,160
Total current assets:22,78615,31910,35310,5749,4579,6509,899
Noncurrent Assets
Operating lease, right-of-use asset286 
Property, plant and equipment3,052     996
Intangible assets, net (including goodwill)  4076696181
Intangible assets, net (excluding goodwill)  4076696181
Deposits noncurrent assets34272526251618
Other undisclosed noncurrent assets79    90(786)
Total noncurrent assets:3,451276610294168309
Other undisclosed assets 2,8432,3172,1141,2991,313996
TOTAL ASSETS:26,23718,18812,73712,79010,85011,13111,204
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:8,0095,4262,7794,4343,0222,5612,981
Taxes payable1,65459370  385331
Other undisclosed accounts payable and accrued liabilities6,3554,8332,7094,4343,0222,1762,650
Debt6781,067582518543659626
Other undisclosed current liabilities1,86259370  385331
Total current liabilities:10,5497,0863,4324,9523,5643,6053,938
Noncurrent Liabilities
Long-term debt and lease obligation78221     
Operating lease, liability78221
Liabilities, other than long-term debt24016025138657388
Deferred compensation liability, classified24016080    
Deferred tax liabilities, net17138657388
Total noncurrent liabilities:31838125138657388
Total liabilities:10,8677,4673,6824,9903,6303,6784,026
Stockholders' equity
Stockholders' equity attributable to parent15,37010,7229,0547,8007,2217,4537,177
Preferred stock3333333
Common stock130130130130130130130
Additional paid in capital8,3388,0807,8687,6877,4707,3477,314
Accumulated other comprehensive loss(563)(529)(609)(485)(610)(710)(378)
Retained earnings7,4623,0381,662465228683108
Total stockholders' equity:15,37010,7229,0547,8007,2217,4537,177
TOTAL LIABILITIES AND EQUITY:26,23718,18812,73712,79010,85011,13111,204

Income statement (P&L) ($ in thousands)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues38,60428,31824,39220,14016,41618,34318,459
Cost of revenue(21,216)(15,311)(12,820)(10,674)(8,178)(8,741)(8,637)
Gross profit:17,38913,00711,5729,4658,2389,6029,822
Operating expenses(11,641)(11,073)(10,129)(9,338)(9,074)(8,856)(9,372)
Other undisclosed operating income89464498103182191
Operating income (loss):5,8361,9811,487226(732)928641
Nonoperating income (expense)206(38)39(9)983211
Income (loss) from continuing operations before income taxes:6,0421,9421,526216(634)961652
Income tax expense (benefit)(1,619)(567)(329)21179(386)(234)
Net income (loss) available to common stockholders, diluted:4,4241,3761,197237(455)575418

Comprehensive Income ($ in thousands)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):4,4241,3761,197237(455)575418
Comprehensive income (loss):4,4241,3761,197237(455)575418
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(34)80(124)125100(332)(267)
Comprehensive income (loss), net of tax, attributable to parent:4,3901,4561,073362(355)243152

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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