Leo Motors (LEOM) 10-K 31 Mar 14 2013 FY Annual report Financial data

Document_and_Entity_Informatio

Document and Entity Information (USD $)	12 Months Ended
	Dec. 31, 2013	Mar. 11, 2014	Jun. 30, 2013
Document and Entity Information:	'	'	'
Entity Registrant Name	'Leo Motors, Inc.	'	'
Document Type	'10-K	'	'
Document Period End Date	31-Dec-13	'	'
Amendment Flag	'false	'	'
Entity Central Index Key	'0001356564	'	'
Current Fiscal Year End Date	'--12-31	'	'
Entity Common Stock, Shares Outstanding	'	80,383,662	'
Entity Public Float	'	'	$4,763,074
Entity Filer Category	'Smaller Reporting Company	'	'
Entity Current Reporting Status	'Yes	'	'
Entity Voluntary Filers	'No	'	'
Entity Well-known Seasoned Issuer	'No	'	'
Document Fiscal Year Focus	'2013	'	'
Document Fiscal Period Focus	'FY	'	'

CONSOLIDATED_BALANCE_SHEETS

CONSOLIDATED BALANCE SHEETS (USD $)	Dec. 31, 2013	Dec. 31, 2012
Current Assets	'	'
Cash and cash equivalents	$1,774	$430,307
Inventories	0	235,255
Prepayment to suppliers	197,973	303,457
Short term advances	4,900	0
Other current assets	563	600
Total Current Assets	205,210	969,619
Fixed assets, net	35,996	51,153
Deposit	76,321	76,091
Other non-current assets	63,831	57,166
Investments	762,000	270,000
Total Assets	1,143,358	1,424,029
Current Liabilities:	'	'
Accounts payable and accrued expenses	840,604	865,096
Short term borrowings	29,752	240,000
Advance from customers	435,439	445,455
Due to related parties	150,637	187,372
Taxes payable	143,210	158,388
Total Current Liabilities	1,599,642	1,896,311
Accrued retirement benefits	62,036	91,671
Total Liabilities	1,661,678	1,987,982
Commitments	'	'
Leo Motors, Inc.("LEOM") Equity(Deficit):	'	'
Common stock ($0.001 par value; 100,000,000 shares authorized); 67,833,662 and 56,763,623 shares issued and outstanding at December 31, 2013 and 2012.	67,834	56,764
Additional paid-in capital	13,290,081	12,564,656
Accumulated other comprehensive income	468,330	469,875
Accumulated loss	-16,871,850	-16,246,397
Total Equity(Deficit) Leo Motors, Inc.	-3,045,605	-3,155,102
Non-controlling interest	2,527,285	2,591,149
Total Equity(Deficit)	-518,320	-563,953
Total Liabilities and Equity(Deficit)	$1,143,358	$1,424,029

CONSOLIDATED_BALANCE_SHEETS_PA

CONSOLIDATED BALANCE SHEETS (PARENTHETICAL) (USD $)	Dec. 31, 2013	Dec. 31, 2012
Statement of Financial Position	'	'
Common Stock, par or stated value	$0.00	$0.00
Common Stock, shares authorized	100,000,000	100,000,000
Common Stock, shares issued	67,833,662	56,763,623
Common Stock, shares outstanding	67,833,662	56,763,623

CONSOLIDATED_STATEMENTS_OF_OPE

CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Income Statement	'	'
Revenues	$0	$25,605
Cost of Revenues	0	23,786
Gross Profit	0	1,819
Operating Expenses	875,901	2,925,023
Income(loss) from Continuing Operations	-875,901	-2,923,204
Other Income (Expenses)	'	'
Assets disposal gain, net	0	52,893
Debt Forgiveness	0	1,309,028
Interest expense	-136,775	-197,634
Non-Operating (expense) income	-225,287	-105,705
Total Other Income (Expenses)	-362,062	1,058,582
Income(loss) from Continuing Operations Before Income Taxes	-1,237,963	-1,864,622
Income Tax Expense	6,640	25,283
Net Income(Loss)	-1,244,603	-1,889,905
Income(loss) attributable to non-controlling interest	-612,432	-54,249
Net Income(Loss) Attributable To Leo Motors, Inc.	-632,171	-1,835,656
Other Comprehensive Income:	'	'
Net Income(Loss)	-625,453	-1,835,656
Unrealized foreign currency translation gain	-1,545	-1,001
Comprehensive Income(loss) Attributable to Leo Motors, Inc.	($626,998)	($1,836,657)
Net Loss per Common Share:	'	'
Basic	($0.02)	($0.04)
Weighted Average Common Shares Outstanding:	'	'
Basic and Diluted	60,220,851	53,869,865

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
CASH FLOWS FROM OPERATING ACTIVITIES:	'	'
Net loss	($1,244,603)	($1,889,905)
Adjustments to reconcile net loss to net cash used in operating activities:	'	'
Depreciation and amortization	15,157	24,957
Share of loss of an unconsolidated affiliate	0	54,249
Debt discount	-53,748	0
Foreign currency translation	-1,545	-1,001
Forgiveness of debt	0	-479,383
Stock-based compensation	203,490	1,653,775
Changes in assets and liabilities:	'	'
Accounts receivable	0	86,244
Inventories	235,255	17,329
Prepayment to suppliers	105,484	55,794
Other current assets	-4,863	1,905
Accounts payable, other payables and accrued expenses	-78,613	-437,950
Accrued retirement benefits	-29,635	39,293
Advances from customers	-10,016	358,689
Taxes payable	-15,178	-104,866
Net cash used in operating activities:	-878,815	-620,870
Cash flows from investing activities:	'	'
Investment in equipment	0	-27,359
Return of deposit	0	483,741
Investments	-302,000	-270,000
Other Investments	-6,895	19,554
Net cash provided(used) in investing activities:	-308,895	205,936
Cash flows from financing activities:	'	'
Payments on notes	-36,735	-433,651
Proceeds from loans	247,344	382,416
Increase in minority interest	548,568	895,596
Net cash provided(used) by financing activities:	759,177	844,361
NET DECREASE IN CASH AND CASH EQUIVALENTS	-428,533	429,427
Cash and cash equivalents - beginning of year	430,307	880
Cash and cash equivalents - end of year	1,774	430,307
Interest	0	120,718
Income taxes	0	25,283
Supplemental disclosures of non cash activities:	'	'
Common stock issued for services	203,490	213,300
Debt forgiveness included as income	0	829,645
Common stock issued for investments	190,000	0
Conversion of debt for common stock	$240,000	$0

AUDITED_CONSOLIDATED_STATEMENT

AUDITED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (USD $)	Common Stock	Additional Paid-in Capital	Accumulated Loss	Accumulated Other Comprehensive Income	Non-Controlling Interest	Total
Equity Balance, beginning of period, Value at Dec. 31, 2011	$50,233	$10,774,996	($14,410,741)	$470,876	$1,214,688	($1,899,948)
Equity Balance, beginning of period, Shares at Dec. 31, 2011	50,233,115	'	'	'	'	'
Stock-based compensation, Value	5,713	1,648,062	'	'	'	1,653,775
Stock-based compensation, Shares	5,712,500	'	'	'	'	'
Stock Issued in payment of debt, Value	818	141,598	'	'	'	142,416
Stock Issued in payment of debt, Shares	818,008	'	'	'	'	'
Minority interest contributions	'	'	'	'	1,430,710	1,430,710
Net loss	'	'	-1,835,656	'	-54,249	-1,889,905
Foreign currency translation adjustment	'	'	'	-1,001	'	-1,001
Equity Balance, end of period, Value at Dec. 31, 2012	56,764	12,564,656	-16,246,397	469,875	2,591,149	-563,953
Equity Balance, end of period, Shares at Dec. 31, 2012	56,763,623	'	'	'	'	'
Stock-based compensation, Value	4,152	199,338	'	'	'	203,490
Stock-based compensation, Shares	4,151,707	'	'	'	'	'
Stock Issued in payment of debt, Value	2,918	346,805	'	'	'	349,723
Stock Issued in payment of debt, Shares	2,918,332	'	'	'	'	'
Stock issued for Investment, Value	4,000	186,000	'	'	'	190,000
Stock issued for Investment, Shares	4,000,000	'	'	'	'	'
Minority interest contributions	'	'	'	'	548,568	548,568
Net loss	'	'	-632,171	'	-612,432	-1,244,603
Foreign currency translation adjustment	'	'	'	-1,545	'	-1,545
Equity Balance, end of period, Value at Dec. 31, 2013	$67,834	$13,296,799	($16,878,568)	$468,330	$2,527,285	($518,320)
Equity Balance, end of period, Shares at Dec. 31, 2013	67,833,662	'	'	'	'	'

Note_1_Company_Background

Note 1 - Company Background	12 Months Ended
	Dec. 31, 2013
Notes	'
Note 1 - Company Background	'
	NOTE 1 - COMPANY BACKGROUND
	Company Business
	Company is currently in development, assembly and sales of the energy storage devices and electric vehicle components.
	Background
	Leo Motors, Inc, (the “Company”) was originally incorporated as Classic Auto Accessories, a California Corporation on July 2, 1986. The Company then underwent several name changes from FCR Automotive Group, Inc. to Shini Precision Machinery, Inc. to Simco America Inc. and then to Leo Motors. The Company had been dormant since 1989, and effectuated a reverse merger on November 12, 2007 with Leozone Inc., a South Korean Company, which is the maker of electrical transportation devices. The merger essentially exchanges shares in Leo Motors, Inc. for shares in Leozone. As this is a reverse merger the accounting treatment of such is that of a combination of the two entities with the activity of Leozone, Inc. the surviving entity, going forward. The financial statements reflect the activity for all periods presented as if the merger had occurred January 1, 2007. Leozone has continued to operate as a separate subsidiary Leo Motors Co. Ltd. of Korea since that time.
	On February 11, 2010, the Company acquired 50% of Leo B&T Corp.,(“B&T”) a Korean Corporation, from two shareholders of B&T in exchange for 7,000,000 shares of the Company’s common stock. This percentage was reduced to 30% in 2011. Additionally, this investment was written down through an impairment expense  during 2011 and the remaining investment was exchanged in 2012 for a return of Leo Motors stock.
	On November 10, 2012 the Company and  PDI C&D/RDC SPRL Inc. ("PDI"), an affiliate of PDI Global LLC, a major architectural design company in the U.S., have signed a contract to supply an independent solar power system grafted with Leo Motors' E-Box power storage device for a housing project in the Democratic Republic of the Congo ("DRC"). The Company will have a 10% interest in the overall project.

Note_2_Summary_of_Significant_

Note 2 - Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2013
Notes	'
Note 2 - Summary of Significant Accounting Policies	'
	NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
	This summary of significant account policies of the Company is presented to assist in understanding the Company’s financial statements. The financial statements and the notes are the representation of the Company’s management, who are responsible for their integrity and objectivity. These accounting policies conform to U.S. generally accepted accounting principles (“USGAAP”) and have been consistently applied in the preparation of the financial statements.
	Basis of Presentation and Consolidation
	These financial statements and related notes are expressed in US dollars. The Company’s fiscal year-end is December 31. The consolidated financial statements include the financial statements of the Leo Motors Co. Ltd. Korea where the Parent Company has significant control with a shareholders ownership percentage of 47.63% at the end of December 31, 2012 and an ownership percentage of 51.42% at the end of 2011, respectively. All inter-company transactions and balances have been eliminated upon consolidation.
	Use of Estimates
	The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
	Fair Value of Financial Instruments
	For certain of the Company’s financial instruments, including cash and cash equivalents, accounts receivable inventory and prepaid expenses, accounts payable and deferred revenues, the carrying amounts approximate fair value due to their short maturities.
	Revenue Recognition
	The Company follows the guidance of the Securities and Exchange Commission’s Staff Accounting Bulletin No. 104, “Revenue Recognition in Financial Statements”. In general, the Company records revenue when persuasive evidence of an arrangement exists, services have been rendered or product delivery has occurred, the sales price to the customer is fixed or determinable, and collectability is reasonably assured. The following policies reflect specific criteria for the various revenues streams of the Company.
	The Company generates revenue from the delivery of goods and records revenues when the sales are completed, already collected or collectability is reasonably assured, there is no future obligation and there is remote chance of future claim or refund to the customers.
	Revenue is recognized when risk of ownership and title pass to the buyer, generally upon the delivery of professional services. Pricing is fixed and determinable according to the Company’s published brochures and price lists.
	Accounts Receivables
	Accounts receivables of the Company are reviewed to determine if their carrying value has become impaired.
	The Company considers the assets to be impaired if the balances are greater than one-year old. Management regularly reviews accounts receivable and will establish an allowance for potentially uncollectible amounts when appropriate. When accounts are written off, they will be charged against the allowance.
	Receivables are not collateralized and do not bear interest.
	Cash Equivalents
	For purposes of reporting cash flows, the Company considers all short-term investments with an original maturity of three months or less to be cash equivalent.
	Fixed Assets
	Fixed assets are stated at cost, less accumulated depreciation. Depreciation is provided principally on the straight-line method over the estimated useful lives of the assets, which is generally 3 to 10 years. The cost of repairs and maintenance is charged to expense as incurred. Expenditures for property betterments and renewals are capitalized. Upon sale or other disposition of a depreciable asset, cost and accumulated depreciation are removed from the accounts and any gain or loss is reflected in other income (expense).
	The Company will periodically evaluate whether events and circumstances have occurred that may warrant revision of the estimated useful lives of fixed assets or whether the remaining balance of fixed assets should be evaluated for possible impairment. We use an estimate of the related undiscounted cash flows over the remaining life of the fixed assets in measuring their recoverability.
	Intangible and Long Lived Assets
	The Company follows ASC 360-10, “Property, Plant, and Equipment,” which established a “primary asset” approach to determine the cash flow estimation period for a group of assets and liabilities that represents the unit of accounting for a long-lived asset to be held and used. Long-lived assets to be held and used are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. The carrying amount of a long-lived asset is not recoverable if it exceeds the sum of the undiscounted cash flows expected to result from the use and eventual disposition of the asset. Long-lived assets to be disposed of are reported at the lower of carrying amount or fair value less cost to sell. Through December 31, 2011, the Company had not experienced impairment losses on its long-lived assets.
	Income Taxes
	The Company uses the asset and liability method of accounting for income taxes in accordance with ASC 740-10, “Accounting for Income Taxes.” Under this method, income tax expense is recognized for the amount of: (i) taxes payable or refundable for the current year; and, (ii) deferred tax consequences of temporary differences resulting from matters that have been recognized in an entity’s financial statements or tax returns. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the results of operations in the period that includes the enactment date. A valuation allowance is provided to reduce the deferred tax assets reported if, based on the weight of available positive and negative evidence, it is more likely than not that some portion or all of the deferred tax assets will not be realized.
	ASC 740-10 prescribes a recognition threshold and measurement attribute for the financial statement recognition of a tax position taken or expected to be taken on a tax return. Under ASC 740-10, a tax benefit from an uncertain tax position taken or expected to be taken may be recognized only if it is “more likely than not” that the position is sustainable upon examination, based on its technical merits. The tax benefit of a qualifying position under ASC 740-10 would equal the largest amount of tax benefit that is greater than 50% likely of being realized upon ultimate settlement with a taxing authority having full knowledge of all the relevant information. A liability (including interest and penalties, if applicable) is established to the extent a current benefit has been recognized on a tax return for matters that are considered contingent upon the outcome of an uncertain tax position. Related interest and penalties, if any, are included as components of income tax expense and income taxes payable.
	Loss per Share
	Basic earnings (loss) per share is computed by dividing net income, or loss, by the weighted average number of shares of common stock outstanding for the period. Diluted earnings (loss) per share is computed by dividing net income, or loss, by the weighted average number of shares of both common and preferred stock outstanding for the period.
	Stock-Based Compensation
	SFAS No. 123, “Accounting for Stock-Based Compensation,” establishes and encourages the use of the fair value based method of accounting for stock-based compensation arrangements under which compensation cost is determined using the fair value of stock-based compensation determined as of the date of grant and is recognized over the periods in which the related services are rendered. For stock based compensation the Company recognizes an expense in accordance with SFAS No. 123 and values the equity securities based on the fair value of the security on the date of grant. Stock option awards are valued using the Black-Scholes option-pricing model.
	Foreign Currency Translation And Comprehensive Income
	The reporting currency of the Company is the US$. The functional currency of the parent company is the US$ and the functional currency of the Company’s operating subsidiary is Korean Won (“KRW”). The subsidiary’s results of operations and cash flows are translated at average exchange rates during the year, assets and liabilities are translated at the unified exchange rate at the end of the year, and equity is translated at historical exchange rates. Translation adjustments resulting from the process of translating the functional currency financial statements into US$ are included in determining comprehensive income. Transaction gains and losses that arise from exchange rate fluctuations on transactions denominated in a currency other than the functional currency are included in the results of operations as incurred. The Company does not enter any material transaction in foreign currencies and accordingly, transaction gains or losses have not had, and are not expected to have, a material effect on the results of operations of the Company.
	Recent Accounting Pronouncements
	In January 2010, the Financial Accounting Standards Board (“FASB”) issued Accounting Standard Update (“ASU”) No. 2010-06,  Improving Disclosures about Fair Value Measurements  (“ASU No. 2010-06”). The new standard addresses, among other things, guidance regarding activity in Level 3 fair value measurements. Portions of ASU No. 2010-06 that relate to the Level 3 activity disclosures became effective for the annual reporting period beginning after December 15, 2010. The adoption of this ASU did not have an impact on the Company’s consolidated financial statements.
	On March 5, 2010, the FASB issued ASU No. 2010-11 Derivatives and Hedging Topic 815 “Scope Exception Related to Embedded Credit Derivatives.” This ASU clarifies the guidance within the derivative literature that exempts certain credit related features from analysis as potential embedded derivatives requiring separate accounting. The ASU specifies that an embedded credit derivative feature related to the transfer of credit risk that is only in the form of subordination of one financial instrument to another is not subject to bifurcation from a host contract under ASC 815-15-25, “ Derivatives and Hedging — Embedded Derivatives — Recognition. ” All other embedded credit derivative features should be analyzed to determine whether their economic characteristics and risks are “clearly and closely related” to the economic characteristics and risks of the host contract and whether bifurcation is required. The ASU became effective for the Company on July 1, 2010. The adoption of this ASU did not have an impact on the Company’s consolidated financial statements.
	In May 2011, the FASB issued ASU 2011-04 which was issued to provide a consistent definition of fair value and ensure that the fair value measurement and disclosure requirements are similar between U.S. GAAP and IFRS. ASU 2011-04 changes certain fair value measurement principles and enhances the disclosure requirements particularly for Level 3 fair value measurements.  This guidance is effective for the Company beginning on January 1, 2012.  The adoption of ASU 2011-04 is not expected to significantly impact the Company’s consolidated financial statements.
	In June 2011, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2011-05, Presentation of Comprehensive Income . ASU 2011-05 revises the manner in which entities present comprehensive income in their financial statements. The new guidance removes the presentation options in Accounting Standards Codification (ASC) 220, Comprehensive Income , and requires entities to report components of comprehensive income in either (1) a continuous statement of comprehensive income or (2) two separate but consecutive statements. The ASU does not change the items that must be reported in other comprehensive income. In December 2011, the FASB issued ASU 2011-12 which defers the requirement in ASU 2011-05 that companies present reclassification adjustments for each component of accumulated other comprehensive income in both net income and other comprehensive income on the face of the financial statements. ASU 2011-05 is effective for fiscal years and interim reporting periods within those years beginning after December 15, 2011, with early adoption permitted. The adoption of ASU 2011-05, as amended by ASU 2011-12, is not expected to significantly impact the Company’s consolidated financial statements.
	In September 2011, the FASB issued ASU 2011-08 which provides an entity the option to first assess qualitative factors to determine whether it is necessary to perform the current two-step test for goodwill impairment.  If an entity believes, as a result of its qualitative assessment, that it is more-likely-than-not that the fair value of a reporting unit is less than its carrying amount, the quantitative impairment test is required.  Otherwise, no further testing is required. The revised standard is effective for the Company for its annual and interim goodwill impairment tests performed for fiscal years beginning after December 15, 2011.  The adoption of ASU 2011-08 is not expected to significantly impact the Company’s consolidated financial statements
	.

Note_3_Earnings_Per_Share

Note 3 - Earnings Per Share	12 Months Ended
	Dec. 31, 2013
Notes	'
Note 3 - Earnings Per Share	'
	NOTE 3 - EARNINGS PER SHARE
	The Company reports basic and diluted earnings per share (EPS) according to the provisions of ASC Topic 260, which requires the presentation of basic EPS and, for companies with complex capital structures, diluted EPS. Basic EPS excludes dilution and is computed by dividing net income (loss) available to common stockholders by the weighted average number of common shares outstanding during the period. Diluted EPS is computed by dividing net income (loss) available to common stockholders, adjusted by other changes in income or loss that would result from the assumed conversion of those potential common shares, by the weighted number of common shares and common share equivalents (unless their effect is antidilutive) outstanding. Common stock equivalents are not included in the computation of diluted earnings per share when the Company reports a loss because to do so would be antidilutive. Thus, these equivalents are not included in the calculation of diluted loss per share, resulting in basic and diluted loss per share being equal. The following is a reconciliation of the computation for basic and diluted EPS for the years ended December 31, 2013 and December 31, 2012:
		For the years ended 12/31/2013	For the years ended 12/31/2012
	Net Income (Loss)	($1,244,603)	($1,889,905)
	Weighted-average common stock Outstanding -  basic	60,220,851	53,869,865
	Equivalents
	Stock options	-	-
	Warrants	-	-
	Convertible Notes	1,439,655	1,180,440
	Weighted-average common shares outstanding-  Diluted	61,660,506	55,060,305

Note_4_Due_To_Related_Party

Note 4 - Due To Related Party	12 Months Ended
	Dec. 31, 2013
Notes	'
Note 4 - Due To Related Party	'
	NOTE 4 - DUE TO RELATED PARTY
	The company is indebted to its officer for advances. Repayment is on demand without interest. The balance at December 31, 2013 was $150,637 and at December 31, 2012 was $187,372.

Note_5_Payments_Received_in_Ad

Note 5 - Payments Received in Advance	12 Months Ended
	Dec. 31, 2013
Notes	'
Note 5 - Payments Received in Advance	'
	NOTE 5 - PAYMENTS RECEIVED IN ADVANCE
	The Company during the periods received payments from potential customers, or deposits, on future orders. The Company’s policy is to record these payments as a liability until the product is completed and shipped to the customer at which the Company recognizes revenue. As of December 31, 2013 and December 31, 2012, the balance of payments received in advance was $197,973 and $303,457, respectively.

Note_6_Subsequent_Events

Note 6 - Subsequent Events	12 Months Ended
	Dec. 31, 2013
Notes	'
Note 6 - Subsequent Events	'
	NOTE 6 - SUBSEQUENT EVENTS
	There are no reportable subsequent events.

Note_7_Going_Concern

Note 7 - Going Concern	12 Months Ended
	Dec. 31, 2013
Notes	'
Note 7 - Going Concern	'
	NOTE 7 - GOING CONCERN
	As reported in the consolidated financial statements, the Company has accumulated deficits of $16,871,850 as of December 31, 2013. The Company's stockholders' deficit at December 31, 2013 was $518,320 and its current liabilities exceeded its current assets by $1,394,432 on December 31, 2013. These negative trends have been consistent over the last few years except for asset sales.
	These factors  create  uncertainty  about  the  Company's  ability  to continue as a going concern. The ability of the Company to continue as a going concern is dependent on the Company obtaining adequate capital to fund operating losses until it becomes profitable and to create operations that contribute capital from normal operations. If the Company is unable  to  obtain  adequate  capital  it  could  be  forced  to  cease operations.
	In order to continue as a going concern, develop and generate revenues and achieve a  profitable  level of operations, the Company will need, among other things, additional capital resources. Management's plans to obtain such resources for the  Company  include  (1) raising additional capital through sales of common stock, (2) converting  promissory notes into  common  stock  and (3) entering into acquisition agreements  with profitable  entities  with   significant   operations.   In   addition, management is continually seeking to streamline its operations and expand the business through a variety of industries, including real estate and financial management. However, management cannot provide any assurances that the Company will be successful in accomplishing any of its plans.
	The ability of the Company to continue as a going concern is dependent upon its ability to successfully accomplish the plans described in the preceding paragraph and eventually secure other sources of financing and attain profitable operations.  The accompanying   consolidated financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

Note_8_Commitments_and_Conting

Note 8 - Commitments and Contingencies	12 Months Ended
	Dec. 31, 2013
Notes	'
Note 8 - Commitments and Contingencies	'
	NOTE 8 - COMMITMENTS AND CONTINGENCIES
	(a) Lease Commitments
	The Company leases its office space in Ha-Nam City in Korea which expires on December 31, 2016. The minimum obligations under such commitments for the years ending December 31, 2014 through December 31, 2016 are listed on the table below.
	For the Year	Amount
	Ending
	2014	$40,000
	2015	$40,000
	2016	$40,000
	2017	$0
	Total Commitment	$120,000
	(b) Strategic Investment
	On November 10, 2012 the Company and PDI C&D/RDC SPRL Inc. ("PDI"), an affiliate of PDI Global LLC, a major architectural design company in the U.S., have signed a contract to supply an independent solar power system grafted with Leo Motors' E-Box power storage device for a housing project in the Democratic Republic of the Congo ("DRC"). The Company has a commitment to raise $1,000,000 to fulfill its part of the contract for strategic investment. As of December 31, 2012 the company has invested $270,000 recorded as an investment using the cost method of accounting for their 10% interest in the project.

Note_9_Inventories

Note 9 - Inventories	12 Months Ended
	Dec. 31, 2013
Notes	'
Note 9 - Inventories	'
	NOTE 9. INVENTORIES
	Inventories at December 31, 2013 and 2012 consist of the following:
		31-Dec-13	31-Dec-12
	Raw material	$0	$230,582
	Work in process	0	4,673
	Finished goods	0	0
		$0	$235,255
	Inventory was written down to $0in 2013 due to obsolescence and a small fire destroying what was remaining as inventory.

Note_10_Property_and_Equipment

Note 10 - Property and Equipment	12 Months Ended
	Dec. 31, 2013
Notes	'
Note 10 - Property and Equipment	'
	NOTE 10 - PROPERTY AND EQUIPMENT
	Property and equipment consisted of the following at December 31, 2013 and December 31, 2012:
		31-Dec-13	31-Dec-12
	Vehicles	$7,581	$7,581
	Tools	12,906	12,906
	Office	79,963	79,963
	Facility equipment	95,132	95,132
	Total property and equipment	195,582	195,582
	Accumulated depreciation	-159,586	-144,429
	Property and equipment, net	$35,996	$51,153
	Depreciation expense for the years ended December 31, 2013 and 2012 amounted to $15,157 and $24,957, respectively.

Note_11_Investments

Note 11 - Investments	12 Months Ended
	Dec. 31, 2013
Notes	'
Note 11 - Investments	'
	NOTE 11 - INVESTMENTS
	During 2013 the Company continued to fund our housing project in the republic of Congo. Our investment at December 31, 2013 was 720,000. On December 13, 2013, the Company has invested $42,000 and acquired 2.84%  of LGM Co., Ltd. in Korea.  (617,764 shares of common stock.)  LGM is a company developing electric boats.
	During 2012 the Company started its investment in a housing project in the Republic of the Congo which will use our E-Box power storage device. To date as of December 31, 2012, $270,000 had been invested with additional amounts to be added as described in note 8. This 10% interest has been recorded using the cost investment of accounting for investments.

Note_12_Short_Term_Borrowings

Note 12 - Short Term Borrowings	12 Months Ended
	Dec. 31, 2013
Notes	'
Note 12 - Short Term Borrowings	'
	NOTE 12 - SHORT TERM BORROWINGS
	The Company continues to fund itself through borrowing and equity sales until sales return to historical levels.
	In 2013 the Company borrowed $83,500 in short term convertible notes. The terms of the note was for nine months with an 8% interest rate payable at any time during the note term. In addition to these notes $240,000 of short term convertible debt was exchanged for common stock during the year.
	During the year 2012 the Company paid off the December 31, 2011 short term borrowings of $433,651 and borrowed additional short term funds. As of December 31, 2012 the total amount of our short term borrowings was $240,000. This was comprised of a $40,000 note was subsequently converted into 513,774 shares of common stock in March 2013 to satisfy that obligation. Another note for $200,000 comprised the remaining balance of that account. This note is for twelve months with a zero percent stated interest rate. Additionally, upon completion of the note term it can be converted for 666,666 shares of our common stock.

Note_13_Segment_Information

Note 13 - Segment Information	12 Months Ended
	Dec. 31, 2013
Notes	'
Note 13 - Segment Information	'
	NOTE 13. SEGMENT INFORMATION
	ASC Topic 280 requires use of the “management approach” model for segment reporting. The management approach model is based on the way a company’s management organizes segments within the company for making operating decisions and assessing performance. Reportable segments are based on products and services, geography, legal structure, management structure, or any other manner in which management disaggregates a company. During the years ended December 31, 2013 and 2012, the Company operated in one reportable business segment: the sale and manufacture of specialized electric vehicle. The Company's reportable segment is a strategic business unit that offers its product.

Note_2_Summary_of_Significant_1

Note 2 - Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2013
Policies	'
Basis of Presentation and Consolidation	'
	Basis of Presentation and Consolidation
	These financial statements and related notes are expressed in US dollars. The Company’s fiscal year-end is December 31. The consolidated financial statements include the financial statements of the Leo Motors Co. Ltd. Korea where the Parent Company has significant control with a shareholders ownership percentage of 47.63% at the end of December 31, 2012 and an ownership percentage of 51.42% at the end of 2011, respectively. All inter-company transactions and balances have been eliminated upon consolidation.
Use of Estimates	'
	Use of Estimates
	The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Fair Value of Financial Instruments	'
	Fair Value of Financial Instruments
	For certain of the Company’s financial instruments, including cash and cash equivalents, accounts receivable inventory and prepaid expenses, accounts payable and deferred revenues, the carrying amounts approximate fair value due to their short maturities.
Revenue Recognition	'
	Revenue Recognition
	The Company follows the guidance of the Securities and Exchange Commission’s Staff Accounting Bulletin No. 104, “Revenue Recognition in Financial Statements”. In general, the Company records revenue when persuasive evidence of an arrangement exists, services have been rendered or product delivery has occurred, the sales price to the customer is fixed or determinable, and collectability is reasonably assured. The following policies reflect specific criteria for the various revenues streams of the Company.
	The Company generates revenue from the delivery of goods and records revenues when the sales are completed, already collected or collectability is reasonably assured, there is no future obligation and there is remote chance of future claim or refund to the customers.
	Revenue is recognized when risk of ownership and title pass to the buyer, generally upon the delivery of professional services. Pricing is fixed and determinable according to the Company’s published brochures and price lists.
Accounts Receivables	'
	Accounts Receivables
	Accounts receivables of the Company are reviewed to determine if their carrying value has become impaired.
	The Company considers the assets to be impaired if the balances are greater than one-year old. Management regularly reviews accounts receivable and will establish an allowance for potentially uncollectible amounts when appropriate. When accounts are written off, they will be charged against the allowance.
	Receivables are not collateralized and do not bear interest.
Cash Equivalents	'
	Cash Equivalents
	For purposes of reporting cash flows, the Company considers all short-term investments with an original maturity of three months or less to be cash equivalent.
Fixed Assets	'
	Fixed Assets
	Fixed assets are stated at cost, less accumulated depreciation. Depreciation is provided principally on the straight-line method over the estimated useful lives of the assets, which is generally 3 to 10 years. The cost of repairs and maintenance is charged to expense as incurred. Expenditures for property betterments and renewals are capitalized. Upon sale or other disposition of a depreciable asset, cost and accumulated depreciation are removed from the accounts and any gain or loss is reflected in other income (expense).
	The Company will periodically evaluate whether events and circumstances have occurred that may warrant revision of the estimated useful lives of fixed assets or whether the remaining balance of fixed assets should be evaluated for possible impairment. We use an estimate of the related undiscounted cash flows over the remaining life of the fixed assets in measuring their recoverability.
Intangible and Long Lived Assets	'
	Intangible and Long Lived Assets
	The Company follows ASC 360-10, “Property, Plant, and Equipment,” which established a “primary asset” approach to determine the cash flow estimation period for a group of assets and liabilities that represents the unit of accounting for a long-lived asset to be held and used. Long-lived assets to be held and used are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. The carrying amount of a long-lived asset is not recoverable if it exceeds the sum of the undiscounted cash flows expected to result from the use and eventual disposition of the asset. Long-lived assets to be disposed of are reported at the lower of carrying amount or fair value less cost to sell. Through December 31, 2011, the Company had not experienced impairment losses on its long-lived assets.
Income Taxes	'
	Income Taxes
	The Company uses the asset and liability method of accounting for income taxes in accordance with ASC 740-10, “Accounting for Income Taxes.” Under this method, income tax expense is recognized for the amount of: (i) taxes payable or refundable for the current year; and, (ii) deferred tax consequences of temporary differences resulting from matters that have been recognized in an entity’s financial statements or tax returns. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the results of operations in the period that includes the enactment date. A valuation allowance is provided to reduce the deferred tax assets reported if, based on the weight of available positive and negative evidence, it is more likely than not that some portion or all of the deferred tax assets will not be realized.
	ASC 740-10 prescribes a recognition threshold and measurement attribute for the financial statement recognition of a tax position taken or expected to be taken on a tax return. Under ASC 740-10, a tax benefit from an uncertain tax position taken or expected to be taken may be recognized only if it is “more likely than not” that the position is sustainable upon examination, based on its technical merits. The tax benefit of a qualifying position under ASC 740-10 would equal the largest amount of tax benefit that is greater than 50% likely of being realized upon ultimate settlement with a taxing authority having full knowledge of all the relevant information. A liability (including interest and penalties, if applicable) is established to the extent a current benefit has been recognized on a tax return for matters that are considered contingent upon the outcome of an uncertain tax position. Related interest and penalties, if any, are included as components of income tax expense and income taxes payable.
Loss Per Share	'
	Loss per Share
	Basic earnings (loss) per share is computed by dividing net income, or loss, by the weighted average number of shares of common stock outstanding for the period. Diluted earnings (loss) per share is computed by dividing net income, or loss, by the weighted average number of shares of both common and preferred stock outstanding for the period.
Stock-based Compensation	'
	Stock-Based Compensation
	SFAS No. 123, “Accounting for Stock-Based Compensation,” establishes and encourages the use of the fair value based method of accounting for stock-based compensation arrangements under which compensation cost is determined using the fair value of stock-based compensation determined as of the date of grant and is recognized over the periods in which the related services are rendered. For stock based compensation the Company recognizes an expense in accordance with SFAS No. 123 and values the equity securities based on the fair value of the security on the date of grant. Stock option awards are valued using the Black-Scholes option-pricing model.
Foreign Currency Translation and Comprehensive Income	'
	Foreign Currency Translation And Comprehensive Income
	The reporting currency of the Company is the US$. The functional currency of the parent company is the US$ and the functional currency of the Company’s operating subsidiary is Korean Won (“KRW”). The subsidiary’s results of operations and cash flows are translated at average exchange rates during the year, assets and liabilities are translated at the unified exchange rate at the end of the year, and equity is translated at historical exchange rates. Translation adjustments resulting from the process of translating the functional currency financial statements into US$ are included in determining comprehensive income. Transaction gains and losses that arise from exchange rate fluctuations on transactions denominated in a currency other than the functional currency are included in the results of operations as incurred. The Company does not enter any material transaction in foreign currencies and accordingly, transaction gains or losses have not had, and are not expected to have, a material effect on the results of operations of the Company.
Recent Accounting Pronouncements	'
	Recent Accounting Pronouncements
	In January 2010, the Financial Accounting Standards Board (“FASB”) issued Accounting Standard Update (“ASU”) No. 2010-06,  Improving Disclosures about Fair Value Measurements  (“ASU No. 2010-06”). The new standard addresses, among other things, guidance regarding activity in Level 3 fair value measurements. Portions of ASU No. 2010-06 that relate to the Level 3 activity disclosures became effective for the annual reporting period beginning after December 15, 2010. The adoption of this ASU did not have an impact on the Company’s consolidated financial statements.
	On March 5, 2010, the FASB issued ASU No. 2010-11 Derivatives and Hedging Topic 815 “Scope Exception Related to Embedded Credit Derivatives.” This ASU clarifies the guidance within the derivative literature that exempts certain credit related features from analysis as potential embedded derivatives requiring separate accounting. The ASU specifies that an embedded credit derivative feature related to the transfer of credit risk that is only in the form of subordination of one financial instrument to another is not subject to bifurcation from a host contract under ASC 815-15-25, “ Derivatives and Hedging — Embedded Derivatives — Recognition. ” All other embedded credit derivative features should be analyzed to determine whether their economic characteristics and risks are “clearly and closely related” to the economic characteristics and risks of the host contract and whether bifurcation is required. The ASU became effective for the Company on July 1, 2010. The adoption of this ASU did not have an impact on the Company’s consolidated financial statements.
	In May 2011, the FASB issued ASU 2011-04 which was issued to provide a consistent definition of fair value and ensure that the fair value measurement and disclosure requirements are similar between U.S. GAAP and IFRS. ASU 2011-04 changes certain fair value measurement principles and enhances the disclosure requirements particularly for Level 3 fair value measurements.  This guidance is effective for the Company beginning on January 1, 2012.  The adoption of ASU 2011-04 is not expected to significantly impact the Company’s consolidated financial statements.
	In June 2011, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2011-05, Presentation of Comprehensive Income . ASU 2011-05 revises the manner in which entities present comprehensive income in their financial statements. The new guidance removes the presentation options in Accounting Standards Codification (ASC) 220, Comprehensive Income , and requires entities to report components of comprehensive income in either (1) a continuous statement of comprehensive income or (2) two separate but consecutive statements. The ASU does not change the items that must be reported in other comprehensive income. In December 2011, the FASB issued ASU 2011-12 which defers the requirement in ASU 2011-05 that companies present reclassification adjustments for each component of accumulated other comprehensive income in both net income and other comprehensive income on the face of the financial statements. ASU 2011-05 is effective for fiscal years and interim reporting periods within those years beginning after December 15, 2011, with early adoption permitted. The adoption of ASU 2011-05, as amended by ASU 2011-12, is not expected to significantly impact the Company’s consolidated financial statements.
	In September 2011, the FASB issued ASU 2011-08 which provides an entity the option to first assess qualitative factors to determine whether it is necessary to perform the current two-step test for goodwill impairment.  If an entity believes, as a result of its qualitative assessment, that it is more-likely-than-not that the fair value of a reporting unit is less than its carrying amount, the quantitative impairment test is required.  Otherwise, no further testing is required. The revised standard is effective for the Company for its annual and interim goodwill impairment tests performed for fiscal years beginning after December 15, 2011.  The adoption of ASU 2011-08 is not expected to significantly impact the Company’s consolidated financial statements

Note_3_Earnings_Per_Share_Sche

Note 3 - Earnings Per Share: Schedule of Reconciliation of the Computation for Basic and Diluted EPS [Table Text Block] (Tables)	12 Months Ended
	Dec. 31, 2013
Tables/Schedules	'
Schedule of Reconciliation of the Computation for Basic and Diluted EPS	'
		For the years ended 12/31/2013	For the years ended 12/31/2012
	Net Income (Loss)	($1,244,603)	($1,889,905)
	Weighted-average common stock Outstanding -  basic	60,220,851	53,869,865
	Equivalents
	Stock options	-	-
	Warrants	-	-
	Convertible Notes	1,439,655	1,180,440
	Weighted-average common shares outstanding-  Diluted	61,660,506	55,060,305

Note_8_Commitments_and_Conting1

Note 8 - Commitments and Contingencies: Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block] (Tables)	12 Months Ended
	Dec. 31, 2013
Tables/Schedules	'
Schedule of Future Minimum Rental Payments for Operating Leases	'
	For the Year	Amount
	Ending
	2014	$40,000
	2015	$40,000
	2016	$40,000
	2017	$0
	Total Commitment	$120,000

Note_9_Inventories_Schedule_of

Note 9 - Inventories: Schedule of Inventories[Table Text Block] (Tables)	12 Months Ended
	Dec. 31, 2013
Tables/Schedules	'
Schedule of Inventories	'
		31-Dec-13	31-Dec-12
	Raw material	$0	$230,582
	Work in process	0	4,673
	Finished goods	0	0
		$0	$235,255

Note_10_Property_and_Equipment1

Note 10 - Property and Equipment: Schedule of Property Plan And Equipment (Tables)	12 Months Ended
	Dec. 31, 2013
Tables/Schedules	'
Schedule of Property Plan And Equipment	'
		31-Dec-13	31-Dec-12
	Vehicles	$7,581	$7,581
	Tools	12,906	12,906
	Office	79,963	79,963
	Facility equipment	95,132	95,132
	Total property and equipment	195,582	195,582
	Accumulated depreciation	-159,586	-144,429
	Property and equipment, net	$35,996	$51,153

Note_1_Company_Background_Deta

Note 1 - Company Background (Details) (USD $)	Dec. 31, 2013	Mar. 31, 2010	Dec. 31, 2011
	PDI	Leo BT Corp	Leo BT Corp
	Housing Project In The Republic Of The Congo
Noncash or Part Noncash Acquisition, Interest Acquired	'	50.00%	'
Acquisition in Exchange for Common Stock, Shares Issued	'	7,000,000	'
Equity Method Investment, Ownership Percentage	'	'	30.00%
Long Term Investment Percentage Of Investment Owned	$0.10	'	'

Note_2_Summary_of_Significant_2

Note 2 - Summary of Significant Accounting Policies: Basis of Presentation and Consolidation (Details) (Leo Motors Co Ltd Korea)	Dec. 31, 2012	Dec. 31, 2011
Leo Motors Co Ltd Korea	'	'
Equity Method Investment, Ownership Percentage	47.63%	51.42%

Note_3_Earnings_Per_Share_Sche1

Note 3 - Earnings Per Share: Schedule of Reconciliation of the Computation for Basic and Diluted EPS [Table Text Block] (Details) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Details	'	'
Net Income (Loss)	($1,244,603)	($1,889,905)
Weighted-average common stock Outstanding - basic	60,220,851	53,869,865
Convertible Notes	1,439,655	1,180,440
Weighted-average common shares outstanding - Diluted	61,660,506	55,060,305

Note_4_Due_To_Related_Party_De

Note 4 - Due To Related Party (Details) (USD $)	Dec. 31, 2013	Dec. 31, 2012
Details	'	'
Due to related parties	$150,637	$187,372

Note_5_Payments_Received_in_Ad1

Note 5 - Payments Received in Advance (Details) (USD $)	Dec. 31, 2013	Dec. 31, 2012
Details	'	'
Prepayment to suppliers	$197,973	$303,457

Note_7_Going_Concern_Details

Note 7 - Going Concern (Details) (USD $)	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Details	'	'	'
Accumulated loss	$16,871,850	$16,246,397	'
Total Equity(Deficit)	-518,320	-563,953	-1,899,948
Working Capital	($1,394,432)	'	'

Note_8_Commitments_and_Conting2

Note 8 - Commitments and Contingencies: Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block] (Details) (USD $)	Dec. 31, 2013
Details	'
2014	$40,000
2015	40,000
2016	40,000
2017	0
Total Commitment	$120,000

Note_8_Commitments_and_Conting3

Note 8 - Commitments and Contingencies (Details) (Housing Project In The Republic Of The Congo, PDI, USD $)	Dec. 31, 2013	Dec. 31, 2012	Nov. 10, 2012
Housing Project In The Republic Of The Congo | PDI	'	'	'
Contractual Obligation	'	'	$1,000,000
Long-term Investments	720,000	270,000	'
Long Term Investment Percentage Of Investment Owned	$0.10	'	'

Note_9_Inventories_Schedule_of1

Note 9 - Inventories: Schedule of Inventories[Table Text Block] (Details) (USD $)	Dec. 31, 2013	Dec. 31, 2012
Details	'	'
Raw material	$0	$230,582
Work in process	0	4,673
Finished goods	0	0
Inventories	$0	$235,255

Note_9_Inventories_Details

Note 9 - Inventories (Details) (USD $)	12 Months Ended
	Dec. 31, 2013
Details	'
Inventory Write-down	$0

Note_10_Property_and_Equipment2

Note 10 - Property and Equipment: Schedule of Property Plan And Equipment (Details) (USD $)	Dec. 31, 2013	Dec. 31, 2012
Property, Plant and Equipment, Gross	$195,582	$195,582
Accumulated depreciation	-159,586	-144,429
Property and equipment, net	35,996	51,153
Tools	'	'
Property, Plant and Equipment, Gross	12,906	12,906
Office Equipment	'	'
Property, Plant and Equipment, Gross	79,963	79,963
Facility Equipment	'	'
Property, Plant and Equipment, Gross	95,132	95,132
Vehicles	'	'
Property, Plant and Equipment, Gross	$7,581	$7,581

Note_10_Property_and_Equipment3

Note 10 - Property and Equipment (Details) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Details	'	'
Depreciation	$15,157	$24,957

Note_11_Investments_Details

Note 11 - Investments (Details) (USD $)	Dec. 13, 2013	Dec. 31, 2013	Dec. 31, 2012
	LGM	Housing Project In The Republic Of The Congo	Housing Project In The Republic Of The Congo
		PDI	PDI
Long-term Investments	$42,000	$720,000	$270,000
Equity Method Investment, Ownership Percentage	2.84%	'	'
Investment Owned, Balance, Shares	617,764	'	'
Long Term Investment Percentage Of Investment Owned	'	$0.10	'

Note_12_Short_Term_Borrowings_

Note 12 - Short Term Borrowings (Details) (USD $)	1 Months Ended	3 Months Ended	12 Months Ended
	Mar. 31, 2013	Mar. 31, 2013	Dec. 31, 2013	Dec. 31, 2012
Debt Conversion, Original Debt, Amount	'	$40,000	$240,000	'
Repayments of Short-term Debt	'	'	'	433,651
Short term borrowings	'	'	29,752	240,000
Debt Conversion, Converted Instrument, Shares Issued	513,774	'	'	'
8% Note	'	'	'	'
Debt Instrument, Face Amount	'	'	83,500	'
Debt Instrument, Interest Rate, Stated Percentage	'	'	8.00%	'
0% Note	'	'	'	'
Debt Instrument, Face Amount	'	'	$200,000	'
Debt Instrument, Interest Rate, Stated Percentage	'	'	0.00%	'
Debt Instrument, Convertible, Number of Shares of Common Stock	'	'	666,666	'