Leatt Corp (LEAT) financial statements (2022 and earlier)

Company profile

Business Address 12 KIEPERSOL DRIVE, ATLAS GARDENS
DURBANVILLE, WESTERN CAPE, 7550
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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments5,0222,9672,0731,7101,5181,1031,055
Cash and cash equivalents5,0222,9672,0731,7101,5181,1031,055
Receivables12,6617,1772,9562,0492,5512,3012,902
Inventory, net of allowances, customer advances and progress billings21,0819,6708,6554,8155,0344,5784,241
Inventory21,0819,6708,6554,8155,0344,5784,241
Prepaid expense  447    
Advances on inventory purchases1,611805 473565569208
Other undisclosed current assets4,2372,1671,1871,3059069051,244
Total current assets:44,61222,78615,31910,35310,5749,4579,650
Noncurrent Assets
Operating lease, right-of-use asset1,393286 
Property, plant and equipment3,1283,052     
Intangible assets, net (including goodwill)   40766961
Intangible assets, net (excluding goodwill)   40766961
Deposits noncurrent assets33342725262516
Other undisclosed noncurrent assets 79    90
Total noncurrent assets:4,5553,451276610294168
Other undisclosed assets  2,8432,3172,1141,2991,313
TOTAL ASSETS:49,16726,23718,18812,73712,79010,85011,131
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:14,6188,0095,4262,7794,4343,0222,561
Taxes payable2,7391,65459370  385
Other undisclosed accounts payable and accrued liabilities11,8796,3554,8332,7094,4343,0222,176
Debt1,1426781,067582518543659
Other undisclosed current liabilities2,9741,86259370  385
Total current liabilities:18,73310,5497,0863,4324,9523,5643,605
Noncurrent Liabilities
Long-term debt and lease obligation1,26478221    
Long-term debt, excluding current maturities189      
Operating lease, liability1,07578221
Liabilities, other than long-term debt549240160251386573
Deferred compensation liability, classified32024016080   
Deferred tax liabilities, net171386573
Deferred income tax liabilities229  
Total noncurrent liabilities:1,812318381251386573
Total liabilities:20,54610,8677,4673,6824,9903,6303,678
Stockholders' equity
Stockholders' equity attributable to parent28,62115,37010,7229,0547,8007,2217,453
Preferred stock3333333
Common stock130130130130130130130
Additional paid in capital9,2318,3388,0807,8687,6877,4707,347
Accumulated other comprehensive loss(779)(563)(529)(609)(485)(610)(710)
Retained earnings20,0367,4623,0381,662465228683
Total stockholders' equity:28,62115,37010,7229,0547,8007,2217,453
TOTAL LIABILITIES AND EQUITY:49,16726,23718,18812,73712,79010,85011,131

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues72,47638,60428,31824,39220,14016,41618,343
Cost of revenue(41,030)(21,216)(15,311)(12,820)(10,674)(8,178)(8,741)
Gross profit:31,44617,38913,00711,5729,4658,2389,602
Operating expenses(15,013)(11,641)(11,073)(10,129)(9,338)(9,074)(8,856)
Other undisclosed operating income18389464498103182
Operating income (loss):16,6165,8361,9811,487226(732)928
Nonoperating income (expense)(0)206(38)39(9)9832
Income (loss) from continuing operations before income taxes:16,6166,0421,9421,526216(634)961
Income tax expense (benefit)(4,041)(1,619)(567)(329)21179(386)
Net income (loss) available to common stockholders, diluted:12,5744,4241,3761,197237(455)575

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):12,5744,4241,3761,197237(455)575
Comprehensive income (loss):12,5744,4241,3761,197237(455)575
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(217)(34)80(124)125100(332)
Comprehensive income (loss), net of tax, attributable to parent:12,3584,3901,4561,073362(355)243

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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