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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,0731,7101,5181,1031,055725835
Cash and cash equivalents2,0731,7101,5181,1031,055725835
Receivables2,9562,0492,5512,3012,9024,2653,139
Inventory, net of allowances, customer advances and progress billings8,6554,8155,0344,5784,2413,4043,259
Inventory8,6554,8155,0344,5784,2413,4043,259
Prepaid expense447      
Advances on inventory purchases 473565569208345144
Income taxes receivable0
Other undisclosed current assets1,1871,3059069051,2441,1601,261
Total current assets:15,31910,35310,5749,4579,6509,8998,639
Noncurrent Assets
Property, plant and equipment     996892
Intangible assets, net (including goodwill) 407669618190
Intangible assets, net (excluding goodwill) 407669618190
Deposits noncurrent assets27252625161819
Other undisclosed noncurrent assets    90(786)(562)
Total noncurrent assets:276610294168309439
Other undisclosed assets2,8432,3172,1141,2991,313996892
TOTAL ASSETS:18,18812,73712,79010,85011,13111,2049,970
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:5,4262,7794,4343,0222,5612,9812,077
Taxes payable59370  385331 
Other undisclosed accounts payable and accrued liabilities4,8332,7094,4343,0222,1762,6502,077
Debt1,067582518543659626834
Other undisclosed current liabilities59370  385331 
Total current liabilities:7,0863,4324,9523,5643,6053,9382,911
Noncurrent Liabilities
Long-term debt and lease obligation221      
Operating lease, liability221
Liabilities, other than long-term debt1602513865738841
Deferred compensation liability, classified16080     
Deferred tax liabilities, net1713865738841
Total noncurrent liabilities:3812513865738841
Total liabilities:7,4673,6824,9903,6303,6784,0262,951
Stockholders' equity
Stockholders' equity attributable to parent10,7229,0547,8007,2217,4537,1777,019
Preferred stock3333333
Common stock130130130130130130130
Additional paid in capital8,0807,8687,6877,4707,3477,3147,308
Accumulated other comprehensive loss(529)(609)(485)(610)(710)(378)(112)
Retained earnings (accumulated deficit)3,0381,662465228683108(310)
Total stockholders' equity:10,7229,0547,8007,2217,4537,1777,019
TOTAL LIABILITIES AND EQUITY:18,18812,73712,79010,85011,13111,2049,970

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues28,31824,39220,14016,41618,34318,45914,892
Cost of revenue(15,311)(12,820)(10,674)(8,178)(8,741)(8,637)(7,159)
Gross profit:13,00711,5729,4658,2389,6029,8227,733
Operating expenses(11,073)(10,129)(9,338)(9,074)(8,856)(9,372)(9,254)
Other undisclosed operating income464498103182191954
Operating income (loss):1,9811,487226(732)928641(567)
Nonoperating income (expense)(38)39(9)98321120
Income (loss) from continuing operations before income taxes:1,9421,526216(634)961652(547)
Income tax expense (benefit)(567)(329)21179(386)(234)172
Net income (loss) available to common stockholders, diluted:1,3761,197237(455)575418(375)

Comprehensive Income ($ in thousands)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):1,3761,197237(455)575418(375)
Comprehensive income (loss):1,3761,197237(455)575418(375)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent80(124)125100(332)(267)(276)
Comprehensive income (loss), net of tax, attributable to parent:1,4561,073362(355)243152(651)

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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