LEAT: the balance sheet

MyFinsight

For the year ending 2025-12-31, LEAT has $52,045,957 in assets. $9,813,619 in debts. $12,988,111 in cash and cash equivalents.

Balance Sheets	2025-12-31
Cash and cash equivalents - end of year	12,988,111
Restricted cash, current	244,936
Accounts receivable, after allowance for credit loss, current	7,904,885
Inventory	20,897,693
Advances on inventory purchases	1,197,284
Income taxes receivable, current	734,193
Prepaid expense and other assets, current	3,634,255
Total current assets	47,601,357
Property and equipment, net	3,660,704
Operating lease, right-of-use asset	342,413
Accounts receivable, after allowance for credit loss, noncurrent	0
Deferred income tax assets, net	396,294
Deposits assets	45,189
Total assets	52,045,957

Accounts payable and accrued expenses	8,595,892
Balance at end of year	65,140
Line of credit advanced	1,804
Operating lease, liability, current	309,019
Other liabilities, current	8,370
Short term loan, net of finance charges	800,000
Total current liabilities	9,780,225
Loans payable to bank, noncurrent	0
Operating lease, liability, noncurrent	33,394
Liabilities	9,813,619
Preferred stock, .001 par value, 1,120,000 shares authorized, 120,000 shares issued and outstanding	3,000
Common stock, .001 par value, 28,000,000 shares authorized, 5,370,028 and 5,366,382 shares issued and outstanding	130,534
Accumulated other comprehensive loss	-983,640
Retained earnings	31,859,103
Additional paid - in capital	11,478,399
Treasury stock, at cost, 21,300 and 0 shares of common stock, as of december 31, 2025 and december 31, 2024, respectively	255,058
Ending balance	42,232,338
Total liabilities and stockholders equity	52,045,957

Unit: Dollar.