$LEAT
Leatt Corp Stock $leat

$leat Overview Financials Valuation SEC Filings Company Website

2024 Q3 Form 10-Q Financial Statement

#000106299324014732 Filed on August 09, 2024

Income Statement

Concept	2024 Q3	2024 Q2
Revenue	$12.14M	$10.08M
YoY Change	1.08%	-18.39%
Cost Of Revenue	$6.968M	$6.157M
YoY Change	1.12%	-12.13%
Gross Profit	$5.170M	$3.921M
YoY Change	1.02%	-26.6%
Gross Profit Margin	42.59%	38.91%
Selling, General & Admin	$4.331M	$4.219M
YoY Change	20.68%	35.46%
% of Gross Profit	83.78%	107.58%
Research & Development	$620.0K	$628.8K
YoY Change	1.54%	-0.66%
% of Gross Profit	11.99%	16.03%
Depreciation & Amortization	$316.4K	$297.3K
YoY Change	5.62%	1.67%
% of Gross Profit	6.12%	7.58%
Operating Expenses	$5.268M	$5.145M
YoY Change	17.08%	27.36%
Operating Profit	$25.90K	-$1.130M
YoY Change	-95.83%	-186.06%
Interest Expense	$105.4K	$98.02K
YoY Change	-9267.83%	-681.03%
% of Operating Profit	407.1%
Other Income/Expense, Net	$105.4K	$98.02K
YoY Change	-9267.83%	-680.87%
Pretax Income	$131.3K	-$1.032M
YoY Change	-78.79%	-179.62%
Income Tax	$15.49K	$24.99K
% Of Pretax Income	11.8%
Net Earnings	$115.8K	-$1.057M
YoY Change	-74.84%	-236.23%
Net Earnings / Revenue	0.95%	-10.49%
Basic Earnings Per Share	$0.02	-$0.17
Diluted Earnings Per Share	$0.02	-$0.16
COMMON SHARES
Basic Shares Outstanding	6.215M shares	6.215M shares
Diluted Shares Outstanding	6.486M shares	6.491M shares

Balance Sheet

Concept	2024 Q3	2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$12.47M	$13.33M
YoY Change	15.64%	11.11%
Cash & Equivalents	$12.47M	$13.33M
Short-Term Investments
Other Short-Term Assets	$3.824M	$3.771M
YoY Change	24.79%	12.65%
Inventory	$15.77M	$14.74M
Prepaid Expenses
Receivables	$7.863M	$5.734M
Other Receivables	$523.9K	$521.1K
Total Short-Term Assets	$40.45M	$38.09M
YoY Change	-7.14%	-15.07%
LONG-TERM ASSETS
Property, Plant & Equipment	$4.056M	$3.679M
YoY Change	13.58%	13.95%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$122.2K	$121.7K
YoY Change	205.4%	205.32%
Total Long-Term Assets	$4.951M	$4.744M
YoY Change	9.35%	12.58%
TOTAL ASSETS
Total Short-Term Assets	$40.45M	$38.09M
Total Long-Term Assets	$4.951M	$4.744M
Total Assets	$45.40M	$42.84M
YoY Change	-5.59%	-12.7%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$5.889M	$3.218M
YoY Change	8.18%	-37.55%
Accrued Expenses	$276.1K	$282.6K
YoY Change	-1.96%	6.21%
Deferred Revenue
YoY Change
Short-Term Debt	$5.795K	$400.4K
YoY Change	10.44%	37.14%
Long-Term Debt Due	$52.08K	$72.03K
YoY Change	-53.36%	-34.8%
Total Short-Term Liabilities	$6.223M	$3.973M
YoY Change	6.52%	-44.65%
LONG-TERM LIABILITIES
Long-Term Debt	$7.150K	$15.60K
YoY Change	-87.95%	-82.22%
Other Long-Term Liabilities	$350.9K	$416.7K
YoY Change	-44.77%	-38.71%
Total Long-Term Liabilities	$358.0K	$432.3K
YoY Change	-48.46%	-43.68%
TOTAL LIABILITIES
Total Short-Term Liabilities	$6.223M	$3.973M
Total Long-Term Liabilities	$358.0K	$432.3K
Total Liabilities	$6.581M	$4.405M
YoY Change	-0.33%	-45.02%
SHAREHOLDERS EQUITY
Retained Earnings	$29.04M	$28.93M
YoY Change	-9.97%	-9.03%
Common Stock	$130.6K	$130.6K
YoY Change	0.19%	0.19%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$38.82M	$38.43M
YoY Change
Total Liabilities & Shareholders Equity	$45.40M	$42.84M
YoY Change	-5.59%	-12.7%

Cashflow Statement

Concept	2024 Q3	2024 Q2
OPERATING ACTIVITIES
Net Income	$115.8K	-$1.057M
YoY Change	-74.84%	-236.23%
Depreciation, Depletion And Amortization	$316.4K	$297.3K
YoY Change	5.62%	1.67%
Cash From Operating Activities	-$17.55K	$165.6K
YoY Change	-92.44%	-89.24%
INVESTING ACTIVITIES
Capital Expenditures	$622.5K	$189.9K
YoY Change	-45.72%	-284.91%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities	-$622.5K	-$189.9K
YoY Change	-45.59%	-284.91%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-423.0K	-295.5K
YoY Change	34.74%	-22.39%
NET CHANGE
Cash From Operating Activities	-17.55K	165.6K
Cash From Investing Activities	-622.5K	-189.9K
Cash From Financing Activities	-423.0K	-295.5K
Net Change In Cash	-1.063M	-319.8K
YoY Change	-37.1%	-125.37%
FREE CASH FLOW
Cash From Operating Activities	-$17.55K	$165.6K
Capital Expenditures	$622.5K	$189.9K
Free Cash Flow	-$640.0K	-$24.30K
YoY Change	-53.58%	-101.48%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2024Q2	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	3678621	usd
CY2023Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	4026821	usd
CY2024Q2	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	699260	usd
CY2023Q4	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	845209	usd
CY2024Q2	us-gaap	Deposits Assets DepositsAssets	37527	usd
CY2023Q4	us-gaap	Accounts Payable And Accrued Liabilities Current AccountsPayableAndAccruedLiabilitiesCurrent	5202368	usd
CY2024Q2	us-gaap	Loans Payable To Bank Current LoansPayableToBankCurrent	72025	usd
CY2023Q4	us-gaap	Loans Payable To Bank Current LoansPayableToBankCurrent	112858	usd
CY2024Q2	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	282581	usd
CY2024Q2	us-gaap	Long Term Loans From Bank LongTermLoansFromBank	15595	usd
CY2023Q4	us-gaap	Long Term Loans From Bank LongTermLoansFromBank	30652	usd
CY2023Q4	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	545777	usd
CY2024Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	13329948	usd
CY2024Q2	us-gaap	Inventory Net InventoryNet	14738542	usd
CY2023Q4	us-gaap	Inventory Net InventoryNet	20391873	usd
CY2024Q2	us-gaap	Advances On Inventory Purchases AdvancesOnInventoryPurchases	1168433	usd
CY2024Q2	us-gaap	Stockholders Equity StockholdersEquity	38433246	usd
	us-gaap	Net Income Loss NetIncomeLoss	-1874042	usd
CY2024Q2	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	282581	usd
CY2023Q4	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	299432	usd
CY2024Q2	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	416679	usd
CY2023Q4	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	545777	usd
CY2024Q2	leat	Imputed Interest Operating ImputedInterestOperating	78434	usd
CY2024Q2	us-gaap	Lessee Operating Lease Liability Payments Remainder Of Fiscal Year LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear	157982	usd
CY2024Q2	us-gaap	Operating Lease Liability OperatingLeaseLiability	699260	usd
CY2023Q4	us-gaap	Operating Lease Liability OperatingLeaseLiability	845209	usd
CY2023Q4	us-gaap	Notes Payable NotesPayable	143510	usd
CY2024Q2	us-gaap	Long Term Debt LongTermDebt	87620	usd
CY2023Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	6970322	usd
CY2023Q4	us-gaap	Deposits Assets DepositsAssets	36210	usd
CY2023Q4	us-gaap	Assets Assets	47607372	usd
CY2024Q2	us-gaap	Accounts Payable And Accrued Liabilities Current AccountsPayableAndAccruedLiabilitiesCurrent	3217573	usd
CY2024Q2	us-gaap	Short Term Borrowings ShortTermBorrowings	400398	usd
CY2024Q2	us-gaap	Gross Profit GrossProfit	3921413	usd
CY2024Q2	us-gaap	Salaries And Wages SalariesAndWages	1608372	usd
CY2023Q2	us-gaap	Salaries And Wages SalariesAndWages	1228491	usd
CY2024Q2	leat	Commissions And Consulting Expenses CommissionsAndConsultingExpenses	165601	usd
CY2024Q2	us-gaap	Deferred Costs Current DeferredCostsCurrent	9601	usd
CY2023Q4	us-gaap	Deferred Costs Current DeferredCostsCurrent	9601	usd
CY2023Q2	us-gaap	Gross Profit GrossProfit	5342782	usd
CY2024Q2	us-gaap	Operating Leases Rent Expense Net OperatingLeasesRentExpenseNet	163190	usd
CY2023Q2	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	632968	usd
CY2024Q2	us-gaap	Depreciation And Amortization DepreciationAndAmortization	297250	usd
CY2023Q2	us-gaap	Depreciation And Amortization DepreciationAndAmortization	292374	usd
CY2024Q2	us-gaap	Operating Expenses OperatingExpenses	5144579	usd
CY2023Q2	us-gaap	Operating Expenses OperatingExpenses	4039472	usd
CY2023Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	1313558	usd
CY2023Q2	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	-16874	usd
CY2024Q2	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	98016	usd
CY2023Q2	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-16874	usd
CY2024Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-1032370	usd
CY2023Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	520545	usd
CY2024Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	6215440	shares
CY2023Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	6268520	shares
CY2024Q2	us-gaap	Net Income Loss NetIncomeLoss	-1057363	usd
CY2023Q2	us-gaap	Professional Fees ProfessionalFees	111785	usd
CY2024Q2	us-gaap	Marketing And Advertising Expense MarketingAndAdvertisingExpense	1183282	usd
CY2023Q2	us-gaap	Marketing And Advertising Expense MarketingAndAdvertisingExpense	863378	usd
CY2023Q2	us-gaap	Operating Leases Rent Expense Net OperatingLeasesRentExpenseNet	161572	usd
CY2024Q2	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	314	usd
CY2023Q2	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	-230616	usd
CY2024Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	-1130386	usd
CY2024Q2	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	98016	usd
CY2024Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.16
CY2023Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.12
CY2023Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	5971340	shares
CY2024Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	6490828	shares
CY2024Q2	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	699260	usd
CY2023Q4	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	845209	usd
CY2024Q2	us-gaap	Lessee Operating Lease Liability Payments Due In Rolling Year Two LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearTwo	298791	usd
CY2024Q2	us-gaap	Lessee Operating Lease Liability Payments Due LesseeOperatingLeaseLiabilityPaymentsDue	777694	usd
CY2023Q2	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	612819	usd
CY2024Q2	us-gaap	Lessee Operating Lease Liability Payments Due Next Twelve Months LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths	295466	usd
CY2024Q2	us-gaap	Lessee Operating Lease Liability Payments Due In Rolling Year Three LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearThree	25455	usd
CY2024Q2	us-gaap	Notes Payable Current NotesPayableCurrent	72025	usd
CY2023Q4	us-gaap	Notes Payable Current NotesPayableCurrent	112858	usd
CY2024Q2	us-gaap	Long Term Notes Payable LongTermNotesPayable	15595	usd
CY2023Q4	us-gaap	Long Term Notes Payable LongTermNotesPayable	30652	usd
CY2023Q2	leat	Product Royalty Income ProductRoyaltyIncome	10248	usd
CY2023Q2	leat	Commissions And Consulting Expenses CommissionsAndConsultingExpenses	110925	usd
CY2024Q2	us-gaap	Professional Fees ProfessionalFees	120617	usd
CY2024Q2	us-gaap	Net Income Loss NetIncomeLoss	-1057363	usd
CY2023Q2	us-gaap	Net Income Loss NetIncomeLoss	776139	usd
CY2023Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.13
CY2023Q2	us-gaap	Net Income Loss NetIncomeLoss	776139	usd
CY2023Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	11347420	usd
CY2024Q2	us-gaap	Income Taxes Receivable IncomeTaxesReceivable	521088	usd
CY2023Q4	us-gaap	Income Taxes Receivable IncomeTaxesReceivable	623081	usd
CY2024Q2	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	628793	usd
CY2024Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.17
CY2024Q2	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-896799	usd
CY2023Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	1
CY2024Q2	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent	160564	usd
CY2024Q2	us-gaap	Accounts Receivable Net Noncurrent AccountsReceivableNetNoncurrent	244383	usd
CY2023Q4	us-gaap	Accounts Receivable Net Noncurrent AccountsReceivableNetNoncurrent	309947	usd
CY2024Q2	us-gaap	Deferred Income Tax Assets Net DeferredIncomeTaxAssetsNet	84200	usd
CY2023Q4	us-gaap	Deferred Income Tax Assets Net DeferredIncomeTaxAssetsNet	84200	usd
CY2024Q2	us-gaap	Assets Assets	42838097	usd
CY2023Q4	us-gaap	Liabilities Current LiabilitiesCurrent	6750419	usd
CY2024Q2	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	416679	usd
CY2024Q2	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	1
CY2023Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	1
CY2024Q2	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	1
CY2023Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	1296684	usd
CY2024Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	24993	usd
CY2023Q2	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent	-163320	usd
CY2024Q2	us-gaap	Liabilities Current LiabilitiesCurrent	3972577	usd
CY2024Q2	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	5733601	usd
CY2023Q4	us-gaap	Short Term Borrowings ShortTermBorrowings	1135761	usd
CY2024Q2	us-gaap	Notes Payable NotesPayable	87620	usd
CY2024Q2	us-gaap	Operating Lease Liability OperatingLeaseLiability	699260	usd
CY2024Q2	us-gaap	Long Term Debt Maturities Repayments Of Principal In Next Twelve Months LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths	57093	usd
CY2024Q2	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Two LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo	28723	usd
CY2024Q2	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Three LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree	1804	usd
CY2023Q4	us-gaap	Advances On Inventory Purchases AdvancesOnInventoryPurchases	664754	usd
CY2024Q2	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	2592893	usd
CY2023Q4	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	2297934	usd
CY2024Q2	us-gaap	Assets Current AssetsCurrent	38094106	usd
CY2023Q4	us-gaap	Assets Current AssetsCurrent	42304985	usd
CY2023Q4	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	299432	usd
CY2024Q2	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		usd
CY2023Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		usd
	us-gaap	Revenues Revenues	20693165	usd
	us-gaap	Revenues Revenues	25429567	usd
CY2024Q2	us-gaap	Cost Of Revenue CostOfRevenue	6157282	usd
CY2023Q2	us-gaap	Cost Of Revenue CostOfRevenue	7007442	usd
	us-gaap	Cost Of Revenue CostOfRevenue	12763419	usd
	us-gaap	Cost Of Revenue CostOfRevenue	14314015	usd
	us-gaap	Gross Profit GrossProfit	7929746	usd
	us-gaap	Gross Profit GrossProfit	11115552	usd
CY2024Q2	leat	Product Royalty Income ProductRoyaltyIncome	92780	usd
	leat	Product Royalty Income ProductRoyaltyIncome	23384	usd
	us-gaap	Salaries And Wages SalariesAndWages	3176643	usd
	us-gaap	Salaries And Wages SalariesAndWages	2469927	usd
	leat	Commissions And Consulting Expenses CommissionsAndConsultingExpenses	289817	usd
	leat	Commissions And Consulting Expenses CommissionsAndConsultingExpenses	207249	usd
	us-gaap	Professional Fees ProfessionalFees	419588	usd
	us-gaap	Professional Fees ProfessionalFees	449028	usd
	us-gaap	Marketing And Advertising Expense MarketingAndAdvertisingExpense	2075699	usd
	us-gaap	Marketing And Advertising Expense MarketingAndAdvertisingExpense	1704472	usd
	us-gaap	Operating Leases Rent Expense Net OperatingLeasesRentExpenseNet	314744	usd
	us-gaap	Operating Leases Rent Expense Net OperatingLeasesRentExpenseNet	311812	usd
	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	1184571	usd
	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	1217959	usd
	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	10278	usd
	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	-181221	usd
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	1920048	usd
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	1686774	usd
	us-gaap	Depreciation And Amortization DepreciationAndAmortization	591384	usd
CY2024Q2	us-gaap	Revenues Revenues	10078695	usd
CY2023Q2	us-gaap	Revenues Revenues	12350224	usd
	us-gaap	Revenues Revenues	20693165	usd
	us-gaap	Revenues Revenues	25429567	usd
	us-gaap	Cost Of Revenue CostOfRevenue	12763419	usd
	us-gaap	Cost Of Revenue CostOfRevenue	14314015	usd
	us-gaap	Gross Profit GrossProfit	7929746	usd
	us-gaap	Gross Profit GrossProfit	11115552	usd
	leat	Product Royalty Income ProductRoyaltyIncome	132083	usd
	leat	Product Royalty Income ProductRoyaltyIncome	23384	usd
	us-gaap	Salaries And Wages SalariesAndWages	3176643	usd
	us-gaap	Salaries And Wages SalariesAndWages	2469927	usd
	leat	Commissions And Consulting Expenses CommissionsAndConsultingExpenses	289817	usd
	leat	Commissions And Consulting Expenses CommissionsAndConsultingExpenses	207249	usd
	us-gaap	Professional Fees ProfessionalFees	419588	usd
	us-gaap	Marketing And Advertising Expense MarketingAndAdvertisingExpense	1704472	usd
	us-gaap	Operating Leases Rent Expense Net OperatingLeasesRentExpenseNet	314744	usd
	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	1217959	usd
	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	10278	usd
	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	-181221	usd
CY2024Q2	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	977160	usd
CY2023Q2	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	868595	usd
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	1920048	usd
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	1686774	usd
	us-gaap	Operating Expenses OperatingExpenses	9982772	usd
	us-gaap	Operating Income Loss OperatingIncomeLoss	-1920943	usd
	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	73533	usd
	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	-37798	usd
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-37798	usd
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-1847410	usd
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	26632	usd
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	863594	usd
	us-gaap	Net Income Loss NetIncomeLoss	-1874042	usd
	us-gaap	Net Income Loss NetIncomeLoss	1799360	usd
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.3
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.3
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.29
	us-gaap	Depreciation And Amortization DepreciationAndAmortization	572184	usd
	us-gaap	Operating Expenses OperatingExpenses	9982772	usd
	us-gaap	Operating Expenses OperatingExpenses	8438184	usd
	us-gaap	Operating Income Loss OperatingIncomeLoss	-1920943	usd
	us-gaap	Operating Income Loss OperatingIncomeLoss	2700752	usd
	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	73533	usd
	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	-37798	usd
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	73533	usd
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-37798	usd
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-1847410	usd
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	2662954	usd
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	26632	usd
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	863594	usd
	us-gaap	Net Income Loss NetIncomeLoss	-1874042	usd
	us-gaap	Net Income Loss NetIncomeLoss	1799360	usd
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.3
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.3
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.29
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.29
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	6215440	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	5971340	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	6490828	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	6268520	shares
	us-gaap	Net Income Loss NetIncomeLoss	-1874042	usd
	us-gaap	Net Income Loss NetIncomeLoss	1799360	usd
	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent	23012	usd
	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent	-437069	usd
	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-1851030	usd
	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	1362291	usd
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	6490828	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	6268520	shares
	us-gaap	Net Income Loss NetIncomeLoss	-1874042	usd
	us-gaap	Net Income Loss NetIncomeLoss	1799360	usd
	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent	23012	usd
	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent	-437069	usd
	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	1362291	usd
	us-gaap	Repayments Of Notes Payable RepaymentsOfNotesPayable	55890	usd
	us-gaap	Basis Of Accounting BasisOfAccounting	<div> <div> <div> <p style="text-align: justify; margin-top: 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><b>Note 1 - Basis of presentation</b></span></span></p> <p style="text-align: justify; margin-bottom: 0pt;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">The consolidated balance sheet as of December 31, 2023 was audited and appears in the Form 10-K filed by the Company with the Securities and Exchange Commission on March 13, 2024. The consolidated balance sheet as of June 30, 2024 and the consolidated statements of operations and comprehensive income (loss) for the three and six months ended June 30, 2024 and 2023, changes in stockholders' equity for the six months ended June 30, 2024, cash flows for the six months ended June 30, 2024 and 2023, 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, 2024 and for all periods presented have been made. Interim operating results are not necessarily indicative of operating results for a full year. 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, 2023 as filed with the Securities and Exchange Commission in the Company's Form 10-K.</span></span></p> </div> </div> </div>

Files In Submission

Name	View Source	Status
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0001062993-24-014732-index.html	Edgar Link	pending
0001062993-24-014732.txt	Edgar Link	pending
0001062993-24-014732-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
Financial_Report.xlsx	Edgar Link	pending
form10q.htm	Edgar Link	pending
leat-20240630.xsd	Edgar Link	pending
leat-20240630_cal.xml	Edgar Link	unprocessable
FilingSummary.xml	Edgar Link	unprocessable
form10q_htm.xml	Edgar Link	completed
MetaLinks.json	Edgar Link	pending
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leat-20240630_def.xml	Edgar Link	unprocessable
leat-20240630_lab.xml	Edgar Link	unprocessable
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report.css	Edgar Link	pending
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2024 Q3 Form 10-Q Financial Statement

#000106299324014732 Filed on August 09, 2024

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2024 Q3 Form 10-Q Financial Statement

#000106299324014732 Filed on August 09, 2024

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