$LEAT
Leatt Corp Stock $leat

$leat Overview Financials Valuation SEC Filings Company Website

2021 Q2 Form 10-Q Financial Statement

#000106299321007382 Filed on August 12, 2021

Income Statement

Concept	2021 Q2	2020 Q4	2020 Q2
Revenue	$14.30M	$12.75M	$6.943M
YoY Change	105.97%	74.62%	31.57%
Cost Of Revenue	$8.107M	$7.086M	$3.689M
YoY Change	119.78%	65.45%	39.38%
Gross Profit	$6.194M	$5.662M	$3.255M
YoY Change	90.31%	87.65%	23.72%
Gross Profit Margin	43.31%	44.42%	46.87%
Selling, General & Admin	$2.416M	$2.775M	$1.822M
YoY Change	32.62%	22.24%	-8.03%
% of Gross Profit	39.0%	49.0%	55.97%
Research & Development	$445.2K		$336.6K
YoY Change	32.25%		-8.09%
% of Gross Profit	7.19%		10.34%
Depreciation & Amortization	$242.4K	$236.9K	$190.7K
YoY Change	27.08%	24.32%	1.3%
% of Gross Profit	3.91%	4.18%	5.86%
Operating Expenses	$3.103M	$3.357M	$2.349M
YoY Change	32.12%	16.77%	-7.09%
Operating Profit	$3.149M	$2.306M	$908.8K
YoY Change	246.47%	1512.67%	786.83%
Interest Expense	$3.950K	-$6.350K	-$9.480K
YoY Change	-141.67%	-81.47%	1563.16%
% of Operating Profit	0.13%	-0.28%	-1.04%
Other Income/Expense, Net	$3.948K		-$9.477K
YoY Change	-141.66%		1556.82%
Pretax Income	$3.153M	$2.510M	$899.3K
YoY Change	250.56%	3635.15%	782.57%
Income Tax	$744.1K	$734.6K	$224.8K
% Of Pretax Income	23.6%	29.27%	25.0%
Net Earnings	$2.409M	$1.775M	$674.5K
YoY Change	257.1%	-6443.19%	815.21%
Net Earnings / Revenue	16.84%	13.93%	9.71%
Basic Earnings Per Share	$0.44		$0.13
Diluted Earnings Per Share	$0.39	$278.2K	$0.12
COMMON SHARES
Basic Shares Outstanding	5.439M shares		5.387M shares
Diluted Shares Outstanding	6.173M shares		5.548M shares

Balance Sheet

Concept	2021 Q2	2020 Q4	2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$3.807M	$3.025M	$2.686M
YoY Change	41.75%	41.96%	73.21%
Cash & Equivalents	$3.749M	$2.967M	$2.627M
Short-Term Investments	$58.26K	$58.26K	$58.25K
Other Short-Term Assets	$7.302M	$2.914M	$2.680M
YoY Change	172.43%	84.85%	35.68%
Inventory	$6.151M	$9.670M	$5.648M
Prepaid Expenses
Receivables	$5.084M	$7.174M	$2.478M
Other Receivables	$0.00	$2.960K	$0.00
Total Short-Term Assets	$22.34M	$22.79M	$13.49M
YoY Change	65.61%	48.75%	26.92%
LONG-TERM ASSETS
Property, Plant & Equipment	$2.771M	$3.052M	$2.382M
YoY Change	16.32%	25.55%	-6.9%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$112.6K	$112.4K	$25.43K
YoY Change	342.9%	321.89%	-0.86%
Total Long-Term Assets	$3.077M	$3.451M	$25.43K
YoY Change	12000.76%	12851.76%	-99.03%
TOTAL ASSETS
Total Short-Term Assets	$22.34M	$22.79M	$13.49M
Total Long-Term Assets	$3.077M	$3.451M	$25.43K
Total Assets	$25.42M	$26.24M	$15.90M
YoY Change	59.89%	44.25%	19.94%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$2.631M		$2.427M
YoY Change	8.42%		-14.3%
Accrued Expenses	$193.6K	$207.8K	$174.6K
YoY Change	10.9%	8.94%	0.79%
Deferred Revenue
YoY Change
Short-Term Debt	$359.9K	$677.6K	$322.9K
YoY Change	11.46%	17.54%	11.02%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$5.214M	$10.55M	$3.793M
YoY Change	37.48%	48.87%	12.56%
LONG-TERM LIABILITIES
Long-Term Debt	$0.00	$0.00	$210.7K
YoY Change	-100.0%
Other Long-Term Liabilities	$280.0K	$318.1K	$328.9K
YoY Change	-14.86%	-16.55%	-9.7%
Total Long-Term Liabilities	$280.0K	$318.1K	$539.6K
YoY Change	-48.11%	-16.55%	48.17%
TOTAL LIABILITIES
Total Short-Term Liabilities	$5.214M	$10.55M	$3.793M
Total Long-Term Liabilities	$280.0K	$318.1K	$539.6K
Total Liabilities	$5.494M	$10.87M	$4.332M
YoY Change	26.82%	45.53%	10.95%
SHAREHOLDERS EQUITY
Retained Earnings	$11.93M	$7.462M
YoY Change		145.62%
Common Stock	$130.1K	$130.1K
YoY Change		0.03%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$19.93M	$15.37M	$11.57M
YoY Change
Total Liabilities & Shareholders Equity	$25.42M	$26.24M	$15.90M
YoY Change	59.89%	44.25%	19.94%

Cashflow Statement

Concept	2021 Q2	2020 Q4	2020 Q2
OPERATING ACTIVITIES
Net Income	$2.409M	$1.775M	$674.5K
YoY Change	257.1%	-6443.19%	815.21%
Depreciation, Depletion And Amortization	$242.4K	$236.9K	$190.7K
YoY Change	27.08%	24.32%	1.3%
Cash From Operating Activities	$161.1K	$217.4K	$1.569M
YoY Change	-89.73%	-243.0%	3899.67%
INVESTING ACTIVITIES
Capital Expenditures	-$157.2K	-$779.8K	-$17.67K
YoY Change	789.47%	202.47%	-43.98%
Acquisitions
YoY Change
Other Investing Activities	$0.00	-$30.00	-$10.00
YoY Change	-100.0%	-102.78%
Cash From Investing Activities	-$157.2K	-$779.9K	-$17.68K
YoY Change	789.03%	203.75%	-43.94%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-79.95K	505.7K	-412.2K
YoY Change	-80.6%	11.54%	342.1%
NET CHANGE
Cash From Operating Activities	161.1K	217.4K	1.569M
Cash From Investing Activities	-157.2K	-779.9K	-17.68K
Cash From Financing Activities	-79.95K	505.7K	-412.2K
Net Change In Cash	-76.00K	-56.74K	1.139M
YoY Change	-106.67%	-227.25%	-1431.6%
FREE CASH FLOW
Cash From Operating Activities	$161.1K	$217.4K	$1.569M
Capital Expenditures	-$157.2K	-$779.8K	-$17.67K
Free Cash Flow	$318.3K	$997.2K	$1.587M
YoY Change	-79.94%	842.74%	2142.11%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	930243	USD
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	5434553	shares
CY2020Q4	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	78108	USD
CY2020Q4	us-gaap	Stockholders Equity StockholdersEquity	15370365	USD
	dei	Document Quarterly Report DocumentQuarterlyReport	true
CY2021Q2	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	8393178	USD
CY2020Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	3052276	USD
CY2021Q2	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2020Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2021Q2	leat	Commissions And Consulting Expenses CommissionsAndConsultingExpenses	215986	USD
CY2021Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.44
CY2020Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.13
	dei	Document Transition Report DocumentTransitionReport	false
CY2020Q4	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	2109190	USD
CY2021Q2	us-gaap	Assets Current AssetsCurrent	22344294	USD
CY2020Q4	us-gaap	Assets Current AssetsCurrent	22786416	USD
CY2021Q2	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	2771130	USD
CY2020Q2	us-gaap	Deferred Other Tax Expense Benefit DeferredOtherTaxExpenseBenefit	0	USD
CY2021Q2	us-gaap	Deferred Other Tax Expense Benefit DeferredOtherTaxExpenseBenefit	0	USD
	us-gaap	Deferred Other Tax Expense Benefit DeferredOtherTaxExpenseBenefit	0	USD
	us-gaap	Deferred Other Tax Expense Benefit DeferredOtherTaxExpenseBenefit	0	USD
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	3989785	USD
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	895254	USD
	us-gaap	Increase Decrease In Income Taxes Receivable IncreaseDecreaseInIncomeTaxesReceivable	-2964	USD
	us-gaap	Increase Decrease In Income Taxes Receivable IncreaseDecreaseInIncomeTaxesReceivable	0	USD
	us-gaap	Increase Decrease In Deposit Other Assets IncreaseDecreaseInDepositOtherAssets	233	USD
	us-gaap	Increase Decrease In Deposit Other Assets IncreaseDecreaseInDepositOtherAssets	-1212	USD
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-5377741	USD
CY2021Q2	us-gaap	Inventory Net InventoryNet	6151488	USD
CY2021Q2	us-gaap	Accrued Income Taxes Current AccruedIncomeTaxesCurrent	2029579	USD
CY2020Q4	us-gaap	Accrued Income Taxes Current AccruedIncomeTaxesCurrent	1654200	USD
CY2021Q2	us-gaap	Short Term Borrowings ShortTermBorrowings	359881	USD
CY2020Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	2967042	USD
CY2020Q4	us-gaap	Income Taxes Receivable IncomeTaxesReceivable	2964	USD
CY2021Q2	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	193583	USD
CY2021Q2	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	5084196	USD
CY2020Q4	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	285932	USD
CY2020Q4	us-gaap	Deferred Compensation Liability Classified Noncurrent DeferredCompensationLiabilityClassifiedNoncurrent	240000	USD
CY2021Q2	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	0	USD
CY2021Q2	us-gaap	Deferred Tax Assets Liabilities Net Noncurrent DeferredTaxAssetsLiabilitiesNetNoncurrent	78700	USD
CY2020Q4	us-gaap	Deferred Tax Assets Liabilities Net Noncurrent DeferredTaxAssetsLiabilitiesNetNoncurrent	78700	USD
CY2021Q2	us-gaap	Deposits Assets DepositsAssets	33932	USD
CY2021Q2	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	6098975	USD
CY2020Q4	us-gaap	Deposits Assets DepositsAssets	33699	USD
CY2021Q2	us-gaap	Assets Assets	25421639	USD
CY2020Q4	us-gaap	Certificates Of Deposit At Carrying Value CertificatesOfDepositAtCarryingValue	58257	USD
CY2021Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	3748580	USD
CY2020Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	7173829	USD
CY2021Q2	us-gaap	Certificates Of Deposit At Carrying Value CertificatesOfDepositAtCarryingValue	58259	USD
CY2021Q2	us-gaap	Advances On Inventory Purchases AdvancesOnInventoryPurchases	1202796	USD
	us-gaap	Gross Profit GrossProfit	12245493	USD
CY2021Q2	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-530159	USD
	us-gaap	Professional Fees ProfessionalFees	461256	USD
CY2021Q2	us-gaap	Preferred Stock Value PreferredStockValue	3000	USD
	us-gaap	Professional Fees ProfessionalFees	534905	USD
	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	26920	USD
	us-gaap	Operating Leases Rent Expense Net OperatingLeasesRentExpenseNet	174573	USD
CY2021Q2	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	5442774	shares
	us-gaap	Operating Leases Rent Expense Net OperatingLeasesRentExpenseNet	146200	USD
CY2020Q4	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-562700	USD
	us-gaap	Salaries And Wages SalariesAndWages	1837348	USD
	leat	Commissions And Consulting Expenses CommissionsAndConsultingExpenses	436648	USD
CY2020Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	1120000	shares
CY2020Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	5442774	shares
CY2021Q2	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	120000	shares
CY2020Q4	us-gaap	Common Stock Value CommonStockValue	130111	USD
	us-gaap	Marketing And Advertising Expense MarketingAndAdvertisingExpense	1035733	USD
	us-gaap	Cost Of Revenue CostOfRevenue	14951541	USD
	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	14093	USD
	leat	Product Royalty Income ProductRoyaltyIncome	83289	USD
CY2021Q2	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	28000000	shares
CY2020Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	7461796	USD
	us-gaap	Gross Profit GrossProfit	6777960	USD
CY2021Q2	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	25421639	USD
CY2021Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	11931282	USD
CY2020Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	8338158	USD
CY2020Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	5442774	shares
	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	724812	USD
	leat	Commissions And Consulting Expenses CommissionsAndConsultingExpenses	187342	USD
CY2020Q4	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	120000	shares
	us-gaap	Cost Of Revenue CostOfRevenue	7707044	USD
	us-gaap	Revenues Revenues	27197034	USD
CY2020Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	26237023	USD
CY2020Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	28000000	shares
CY2021Q2	us-gaap	Stockholders Equity StockholdersEquity	19927412	USD
	leat	Product Royalty Income ProductRoyaltyIncome	4659	USD
CY2021Q2	us-gaap	Common Stock Value CommonStockValue	130111	USD
	us-gaap	Marketing And Advertising Expense MarketingAndAdvertisingExpense	981231	USD
	us-gaap	Salaries And Wages SalariesAndWages	1467452	USD
CY2020Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	120000	shares
CY2020Q4	us-gaap	Preferred Stock Value PreferredStockValue	3000	USD
	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	850261	USD
CY2021Q2	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	120000	shares
CY2021Q2	us-gaap	Income Taxes Receivable IncomeTaxesReceivable	0	USD
CY2020Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2021Q2	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
	dei	Entity Small Business EntitySmallBusiness	true
	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	true
	dei	Entity Ex Transition Period EntityExTransitionPeriod	true
	dei	Entity Shell Company EntityShellCompany	false
CY2020Q4	us-gaap	Inventory Net InventoryNet	9670036	USD
CY2020Q4	us-gaap	Advances On Inventory Purchases AdvancesOnInventoryPurchases	805098	USD
CY2021Q2	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	5442774	shares
CY2021Q2	us-gaap	Revenues Revenues	14300559	USD
CY2020Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.001
CY2021Q2	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.001
CY2021Q2	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	1120000	shares
CY2020Q2	us-gaap	Revenues Revenues	6943130	USD
CY2021Q2	us-gaap	Cost Of Revenue CostOfRevenue	8107020	USD
CY2020Q2	us-gaap	Cost Of Revenue CostOfRevenue	3688623	USD
CY2021Q2	us-gaap	Gross Profit GrossProfit	6193539	USD
CY2020Q2	us-gaap	Gross Profit GrossProfit	3254507	USD
CY2021Q2	leat	Product Royalty Income ProductRoyaltyIncome	58479	USD
CY2020Q2	leat	Product Royalty Income ProductRoyaltyIncome	3182	USD
CY2021Q2	us-gaap	Salaries And Wages SalariesAndWages	912811	USD
CY2020Q2	us-gaap	Salaries And Wages SalariesAndWages	622846	USD
CY2020Q2	leat	Commissions And Consulting Expenses CommissionsAndConsultingExpenses	103906	USD
CY2021Q2	us-gaap	Professional Fees ProfessionalFees	123501	USD
CY2020Q2	us-gaap	Professional Fees ProfessionalFees	213318	USD
CY2021Q2	us-gaap	Marketing And Advertising Expense MarketingAndAdvertisingExpense	518153	USD
CY2020Q2	us-gaap	Marketing And Advertising Expense MarketingAndAdvertisingExpense	357028	USD
CY2021Q2	us-gaap	Operating Leases Rent Expense Net OperatingLeasesRentExpenseNet	87200	USD
CY2020Q2	us-gaap	Operating Leases Rent Expense Net OperatingLeasesRentExpenseNet	72386	USD
CY2021Q2	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	445156	USD
CY2020Q2	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	336608	USD
CY2021Q2	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	-51732	USD
CY2020Q2	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	41900	USD
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.19
	us-gaap	Net Income Loss NetIncomeLoss	4469486	USD
	us-gaap	Depreciation And Amortization DepreciationAndAmortization	382801	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	1400713	USD
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.82
	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent	-257390	USD
	us-gaap	Depreciation And Amortization DepreciationAndAmortization	478936	USD
	us-gaap	Operating Expenses OperatingExpenses	5381906	USD
	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	-59	USD
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	5548476	shares
	us-gaap	Operating Income Loss OperatingIncomeLoss	5901575	USD
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	6168553	shares
	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent	32541	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	345652	USD
	us-gaap	Net Income Loss NetIncomeLoss	1036955	USD
	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	-18106	USD
	us-gaap	Operating Expenses OperatingExpenses	6427207	USD
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.19
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.72
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	5386723	shares
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	5901516	USD
	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	4502027	USD
	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	779565	USD
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	1382607	USD
	us-gaap	Net Income Loss NetIncomeLoss	4469486	USD
CY2020Q4	us-gaap	Short Term Borrowings ShortTermBorrowings	677601	USD
CY2021Q2	us-gaap	Liabilities Current LiabilitiesCurrent	5214227	USD
CY2020Q4	us-gaap	Liabilities Current LiabilitiesCurrent	10548550	USD
CY2021Q2	us-gaap	Deferred Compensation Liability Classified Noncurrent DeferredCompensationLiabilityClassifiedNoncurrent	280000	USD
	us-gaap	Net Income Loss NetIncomeLoss	1036955	USD
	us-gaap	Revenues Revenues	14485004	USD
CY2020Q4	us-gaap	Stockholders Equity StockholdersEquity	15370365	USD
	us-gaap	Adjustments To Additional Paid In Capital Sharebased Compensation And Exercise Of Stock Options AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions	55020	USD
	us-gaap	Net Income Loss NetIncomeLoss	4469486	USD
	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax	32541	USD
	us-gaap	Operating Lease Expense OperatingLeaseExpense	108997	USD
CY2020Q4	us-gaap	Assets Assets	26237023	USD
CY2021Q2	us-gaap	Accounts Payable And Accrued Liabilities Current AccountsPayableAndAccruedLiabilitiesCurrent	2631184	USD
CY2020Q4	us-gaap	Accounts Payable And Accrued Liabilities Current AccountsPayableAndAccruedLiabilitiesCurrent	8008925	USD
CY2021Q2	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	193583	USD
CY2020Q4	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	207824	USD
CY2021Q2	us-gaap	Lessee Operating Lease Liability Payments Remainder Of Fiscal Year LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear	122377	USD
	us-gaap	Net Income Loss NetIncomeLoss	1036955	USD
	us-gaap	Depreciation And Amortization DepreciationAndAmortization	478936	USD
	us-gaap	Depreciation And Amortization DepreciationAndAmortization	382801	USD
	us-gaap	Net Income Loss NetIncomeLoss	4469486	USD
	us-gaap	Concentration Risk Percentage1 ConcentrationRiskPercentage1	1	pure
	us-gaap	Concentration Risk Percentage1 ConcentrationRiskPercentage1	1	pure
CY2021Q2	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	113648	USD
CY2020Q4	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	101885	USD
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	1138359	USD
CY2020Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.12
CY2020Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	5386723	shares
CY2021Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	6172686	shares
CY2020Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	5548476	shares
CY2021Q2	us-gaap	Net Income Loss NetIncomeLoss	2408648	USD
CY2020Q2	us-gaap	Net Income Loss NetIncomeLoss	674507	USD
CY2021Q2	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent	60893	USD
CY2020Q2	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent	54897	USD
CY2021Q2	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	2469541	USD
CY2020Q2	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	729404	USD
CY2021Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	3152730	USD
CY2020Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	899343	USD
CY2021Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	744082	USD
CY2020Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	224836	USD
CY2020Q2	us-gaap	Operating Expenses OperatingExpenses	2348869	USD
CY2021Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	5438686	shares
CY2021Q2	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	609760	USD
CY2020Q2	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	410128	USD
CY2021Q2	us-gaap	Depreciation And Amortization DepreciationAndAmortization	242401	USD
CY2020Q2	us-gaap	Depreciation And Amortization DepreciationAndAmortization	190749	USD
CY2021Q2	us-gaap	Operating Expenses OperatingExpenses	3103236	USD
CY2021Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	3148782	USD
CY2020Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	908820	USD
CY2021Q2	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	3948	USD
CY2020Q2	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	-9477	USD
CY2021Q2	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	3948	USD
CY2020Q2	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-9477	USD
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-59	USD
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-18106	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	1432030	USD
CY2021Q2	us-gaap	Net Income Loss NetIncomeLoss	2408648	USD
CY2020Q2	us-gaap	Net Income Loss NetIncomeLoss	674507	USD
CY2021Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.39
CY2021Q2	us-gaap	Stockholders Equity StockholdersEquity	19927412	USD
	us-gaap	Proceeds From Notes Payable ProceedsFromNotesPayable	0	USD
	us-gaap	Proceeds From Notes Payable ProceedsFromNotesPayable	210732	USD
	us-gaap	Repayments Of Short Term Debt RepaymentsOfShortTermDebt	317720	USD
	us-gaap	Repayments Of Short Term Debt RepaymentsOfShortTermDebt	253582	USD
	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	781538	USD
	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	554574	USD
	us-gaap	Income Taxes Paid IncomeTaxesPaid	1088360	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	65942	USD
	leat	Bad Debts BadDebts	11763	USD
	leat	Bad Debts BadDebts	24975	USD
	leat	Inventory Reserve InventoryReserve	39995	USD
	leat	Inventory Reserve InventoryReserve	-17729	USD
	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment	-5767	USD
	us-gaap	Gain Loss On Sale Of Property Plant Equipment GainLossOnSaleOfPropertyPlantEquipment	351	USD
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-2077870	USD
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-453023	USD
	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-3478553	USD
	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-3025131	USD
	leat	Increase Decrease In Payments In Advance IncreaseDecreaseInPaymentsInAdvance	397698	USD
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-2998745	USD
	us-gaap	Increase Decrease In Accrued Income Taxes Payable IncreaseDecreaseInAccruedIncomeTaxesPayable	375379	USD
	us-gaap	Increase Decrease In Accrued Income Taxes Payable IncreaseDecreaseInAccruedIncomeTaxesPayable	275651	USD
	us-gaap	Increase Decrease In Deferred Compensation IncreaseDecreaseInDeferredCompensation	40000	USD
	us-gaap	Increase Decrease In Deferred Compensation IncreaseDecreaseInDeferredCompensation	40000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	1270276	USD
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	1185156	USD
	us-gaap	Payments To Acquire Productive Assets PaymentsToAcquireProductiveAssets	191443	USD
	us-gaap	Payments To Acquire Productive Assets PaymentsToAcquireProductiveAssets	107570	USD
	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	0	USD
	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	351	USD
	us-gaap	Payments For Proceeds From Short Term Investments PaymentsForProceedsFromShortTermInvestments	2	USD
	us-gaap	Payments For Proceeds From Short Term Investments PaymentsForProceedsFromShortTermInvestments	12	USD
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-191445	USD
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-107231	USD
	us-gaap	Repayments Of Notes Payable RepaymentsOfNotesPayable	0	USD
	us-gaap	Repayments Of Notes Payable RepaymentsOfNotesPayable	300000	USD
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-317720	USD
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-342850	USD
	us-gaap	Effect Of Exchange Rate On Cash And Cash Equivalents EffectOfExchangeRateOnCashAndCashEquivalents	20427	USD
	us-gaap	Effect Of Exchange Rate On Cash And Cash Equivalents EffectOfExchangeRateOnCashAndCashEquivalents	-180501	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	55020	USD
	leat	Increase Decrease In Payments In Advance IncreaseDecreaseInPaymentsInAdvance	208455	USD
CY2021Q2	us-gaap	Lessee Operating Lease Liability Payments Due Next Twelve Months LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths	93118	USD
	us-gaap	Operating Lease Expense OperatingLeaseExpense	100429	USD
CY2020Q4	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P2Y
CY2021Q2	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.0485	pure
CY2021Q2	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	193583	USD
CY2020Q4	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	285932	USD
CY2021Q2	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	193583	USD
CY2020Q4	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	207824	USD
CY2021Q2	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	0	USD
CY2020Q4	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	78108	USD
CY2021Q2	us-gaap	Operating Lease Liability OperatingLeaseLiability	193583	USD
CY2020Q4	us-gaap	Operating Lease Liability OperatingLeaseLiability	285932	USD
CY2021Q2	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P2Y
CY2020Q4	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.0487	pure
CY2020Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	2967042	USD
CY2019Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	2072864	USD
CY2021Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	3748580	USD
CY2020Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	2627438	USD
	us-gaap	Interest Paid Net InterestPaidNet	16379	USD
	us-gaap	Interest Paid Net InterestPaidNet	19883	USD
	us-gaap	Income Taxes Paid IncomeTaxesPaid	70000	USD
	us-gaap	Stock Issued1 StockIssued1	55020	USD
	us-gaap	Stock Issued1 StockIssued1	65942	USD
CY2021Q2	leat	Imputed Interest Operating ImputedInterestOperating	21912	USD
CY2021Q2	us-gaap	Operating Lease Liability OperatingLeaseLiability	193583	USD
	leat	Amount Paid Included In Measurement Of Lease Liabilities AmountPaidIncludedInMeasurementOfLeaseLiabilities	119300	USD
	leat	Amount Paid Included In Measurement Of Lease Liabilities AmountPaidIncludedInMeasurementOfLeaseLiabilities	110137	USD
	us-gaap	Right Of Use Asset Obtained In Exchange For Operating Lease Liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability	15170	USD
	us-gaap	Right Of Use Asset Obtained In Exchange For Operating Lease Liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability	0	USD
CY2021Q2	us-gaap	Lessee Operating Lease Liability Payments Due LesseeOperatingLeaseLiabilityPaymentsDue	215495	USD
	us-gaap	Weighted Average Number Diluted Shares Outstanding Adjustment WeightedAverageNumberDilutedSharesOutstandingAdjustment	832000	shares
	us-gaap	Incremental Common Shares Attributable To Conversion Of Preferred Stock IncrementalCommonSharesAttributableToConversionOfPreferredStock	120000	shares
	us-gaap	Incremental Common Shares Attributable To Call Options And Warrants IncrementalCommonSharesAttributableToCallOptionsAndWarrants	712000	shares
	us-gaap	Share Based Compensation ShareBasedCompensation	55020	USD
	us-gaap	Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1 EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1	P1Y
	us-gaap	Basis Of Accounting BasisOfAccounting	<div> <div> <p style="text-align:justify"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><strong>Note 1 - Basis of presentation</strong></span></span></span></span></p> <div> <div> <p style="text-align:justify"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">The consolidated balance sheet as of December 31, 2020 was audited and appears in the Form 10-K filed by the Company with the Securities and Exchange Commission on March 24, 2021. The consolidated balance sheet as of June 30, 2021 and the consolidated statements of operations and comprehensive income for the three and six months ended June 30, 2021 and 2020, changes in stockholders' equity for the six months ended June 30, 2021, cash flows for the six months ended June 30, 2021 and 2020, and the related information contained in these notes have been prepared by management without audit. In the opinion of management, all adjustments (which include only normal recurring items) necessary to present fairly the financial position, results of operations and cash flows in conformity with generally accepted accounting principles as of June 30, 2021 and for all periods presented have been made. Interim operating results are not necessarily indicative of operating results for a full year.</span></span></p> <p style="text-align:justify"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Certain information and note disclosures normally included in the Company's annual financial statements prepared in accordance with U.S. generally accepted accounting principles have been condensed or omitted. While management of the Company believes that the disclosures presented are adequate to make the information not misleading, it is suggested that these condensed consolidated financial statements be read in conjunction with the audited financial statements and notes thereto for the year ended December 31, 2020 as filed with the Securities and Exchange Commission in the Company's Form 10-K.</span></span></p> </div> </div> </div> </div>
	us-gaap	Revenues Revenues	27197034	USD
	us-gaap	Revenues Revenues	14485004	USD
	us-gaap	Revenue Recognition Sales Returns Reserve For Sales Returns RevenueRecognitionSalesReturnsReserveForSalesReturns	0	USD
CY2020	us-gaap	Revenue Recognition Sales Returns Reserve For Sales Returns RevenueRecognitionSalesReturnsReserveForSalesReturns	0	USD

Files In Submission

Name	View Source	Status
0001062993-21-007382-index-headers.html	Edgar Link	pending
0001062993-21-007382-index.html	Edgar Link	pending
0001062993-21-007382.txt	Edgar Link	pending
0001062993-21-007382-xbrl.zip	Edgar Link	pending
exhibit31-1.htm	Edgar Link	pending
exhibit31-2.htm	Edgar Link	pending
exhibit32-1.htm	Edgar Link	pending
exhibit32-2.htm	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
form10q.htm	Edgar Link	pending
form10q_htm.xml	Edgar Link	completed
leat-20210630.xsd	Edgar Link	pending
leat-20210630_cal.xml	Edgar Link	unprocessable
leat-20210630_def.xml	Edgar Link	unprocessable
leat-20210630_lab.xml	Edgar Link	unprocessable
leat-20210630_pre.xml	Edgar Link	unprocessable
MetaLinks.json	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
R11.htm	Edgar Link	pending
R12.htm	Edgar Link	pending
R13.htm	Edgar Link	pending
R14.htm	Edgar Link	pending
R15.htm	Edgar Link	pending
R16.htm	Edgar Link	pending
R17.htm	Edgar Link	pending
R18.htm	Edgar Link	pending
R19.htm	Edgar Link	pending
R2.htm	Edgar Link	pending
R20.htm	Edgar Link	pending
R21.htm	Edgar Link	pending
R22.htm	Edgar Link	pending
R23.htm	Edgar Link	pending
R24.htm	Edgar Link	pending
R25.htm	Edgar Link	pending
R26.htm	Edgar Link	pending
R27.htm	Edgar Link	pending
R28.htm	Edgar Link	pending
R29.htm	Edgar Link	pending
R3.htm	Edgar Link	pending
R30.htm	Edgar Link	pending
R31.htm	Edgar Link	pending
R32.htm	Edgar Link	pending
R33.htm	Edgar Link	pending
R34.htm	Edgar Link	pending
R35.htm	Edgar Link	pending
R36.htm	Edgar Link	pending
R37.htm	Edgar Link	pending
R4.htm	Edgar Link	pending
R5.htm	Edgar Link	pending
R6.htm	Edgar Link	pending
R7.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending

Create your account

Find Stocks Worth Researching

Deeply Understand Businesses

Value Businesses Intelligently

$LEAT
Leatt Corp Stock $leat

2021 Q2 Form 10-Q Financial Statement

#000106299321007382 Filed on August 12, 2021

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$LEAT Leatt Corp Stock $leat

2021 Q2 Form 10-Q Financial Statement

#000106299321007382 Filed on August 12, 2021

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$LEAT
Leatt Corp Stock $leat