Leo Motors (LEOM) 10-Q 20 May 15 2015 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Mar. 31, 2015	Apr. 30, 2015
Document and Entity Information
Entity Registrant Name	Leo Motors, Inc.
Document Type	10-Q
Document Period End Date	31-Mar-15
Amendment Flag	FALSE
Entity Central Index Key	1356564
Current Fiscal Year End Date	-19
Entity Common Stock, Shares Outstanding		157,196,947
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	2015
Document Fiscal Period Focus	Q1

CONSOLIDATED_BALANCE_SHEETS_Un

CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Current Assets
Cash and cash equivalents	$466,458	$217,178
Accounts receivable	952,378	542,210
Inventories	295,159	279,783
Prepayment to suppliers	297,720	306,969
Other current assets	228,192	49,705
Total Current Assets	2,239,907	1,395,845
Fixed assets, net	185,984	38,620
Deposit	227,896	51,601
Intangible assets	63,831	63,831
Goodwill	3,057,003	2,444,558
Total Assets	5,774,621	3,994,455
Current Liabilities:
Accounts payable and accrued expenses	3,313,266	2,152,951
Short term borrowings	471,689	448,801
Advance from customers	44,035	40,951
Due to related parties	116,617	150,637
Taxes payable	241,021	159,478
Notes Payable current portion	353,747	526,257
Derivative liability	0	819,922
Total Current Liabilities	4,540,375	4,298,997
Accrued retirement benefits	2,075	2,150
Notes Payable	327,701	145,316
Total Liabilities	4,870,151	4,446,463
Commitments (Note 8)
Leo Motors, Inc.("LEOM") Equity(Deficit):
Common stock ($0.001 par value; 220,000,000 shares authorized); 154,144,244 and 138,624,206 shares issued and outstanding at March 31, 2015 and December 31, 2014	154,144	138,624
Additional paid-in capital	19,396,940	17,723,248
Accumulated other comprehensive income	507,974	511,229
Accumulated loss	-21,883,963	-21,357,211
Total Equity(Deficit) Leo Motors, Inc.	-1,824,905	-2,984,110
Non-controlling interest	2,729,375	2,532,102
Total Equity(Deficit)	904,470	-452,008
Total Liabilities and Equity(Deficit)	$5,774,621	$3,994,455

CONSOLIDATED_BALANCE_SHEETS_PA

CONSOLIDATED BALANCE SHEETS (PARENTHETICAL) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Statement of Financial Position
Common Stock, par or stated value	$0.00	$0.00
Common Stock, shares authorized	220,000,000	220,000,000
Common Stock, shares issued	154,144,244	138,624,206
Common Stock, shares outstanding	154,144,244	138,624,206

CONSOLIDATED_STATEMENTS_OF_OPE

CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Income Statement
Revenues	$42,771	$0
Cost of Revenues	0	0
Gross Profit	42,771	0
Operating Expenses	358,411	1,237,447
Income(loss) from Continuing Operations	-315,640	-1,237,447
Other Income (Expenses)
Interest expense	-280,975	-29,028
Non-Operating (expense) income	1,197	7
Total Other Income (Expenses)	-279,778	-29,021
Income(loss) from Continuing Operations Before Income Taxes	-595,418	-1,266,468
Income Tax Expense	0	0
Net Income(Loss)	-595,418	-1,266,468
Income (loss) attributable to non-controlling interest	-68,666	-122,209
Net Income(Loss) Attributable To Leo Motors, Inc.	-526,752	-1,144,259
Other Comprehensive Income:
Net Income(loss)	-526,752	-1,144,259
Unrealized foreign currency translation gain	-3,255	-1,094
Comprehensive Income(loss) Attributable to Leo Motors, Inc.	($530,007)	($1,145,353)
Net Loss per Common Share:
Basic	$0	($0.02)
Diluted	$0	($0.02)
Weighted Average Common Shares Outstanding:
Basic	149,069,490	72,000,239
Diluted	149,972,010	73,180,679

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	($595,418)	($1,266,468)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	4,500	4,507
Amortization debt discount	275,176	26,872
Foreign currency translation	-3,255	-1,094
Stock-based compensation	38,820	1,129,500
Changes in assets and liabilities:
Accounts Receivable	-410,168	0
Inventories	-15,376	-22,951
Prepayment to suppliers	9,249	15,399
Other assets	-178,487	-460
Accounts payable, other payables and accrued expenses	1,160,315	102,738
Accrued retirement benefits	-75	-17,414
Advances from customers	3,084	0
Taxes payable	81,543	3,359
Net cash used in operating activities:	369,908	-26,012
Cash flows from investing activities:
Investment in equipment	-151,864	0
Payments on deposits	-176,295	0
Net cash provided(used) in investing activities:	-328,159	0
Cash flows from financing activities:
Proceeds from notes payable	201,380	25,089
Payments on notes payable	-22,886	0
Proceeds from issuance of warrants	29,037	0
Net cash provided(used) by financing activities:	207,531	25,089
NET DECREASE IN CASH AND CASH EQUIVALENTS	249,280	-923
Cash and cash equivalents - beginning of year	217,178	1,774
Cash and cash equivalents - end of year	466,458	851
Supplemental disclosure of cash flow activities:
Interest	0	0
Income taxes	0	0
Supplemental disclosures of non cash activities:
Conversion of derivative liability	819,922	0
Goodwill on acquisition	641,687	0
Conversion of debt for common stock	801,433	0
Common stock issued for services	$38,820	$1,129,500

Note_1_Company_Background

Note 1 - Company Background	3 Months Ended
	Mar. 31, 2015
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. This project has incurred an impairment charge as details in these footnotes.
	On July 1, 2014, Leo Motors, Inc., a Nevada Corporation (the “Company”) acquired all of the outstanding common stock of LGM Co. Ltd., a corporation incorporated in the Republic of Korea (“LGM”), from LGM’s shareholders, which represents 813,747 shares of LGM common stock, in exchange for 47,352,450 shares of the Company's common stock pursuant to the Share Swap Agreement entered into by and between LGM and the Company. Pursuant to the Agreement, LGM became a wholly-owned subsidiary of the Company.
	On March 29, 2015 the Company acquired a 50% interest in both Leo Motors Factory 1 and 2 which are auto repair shops that specialize in repairing hand-made luxury cars such as Ferrari, Lamborghini, Bentley, Porsche, and Rolls Royce. The Company also acquired a 50% interest in Leo Trade(formerly Erum Motors) specializing in trading luxury cars. With these acquisitions, Leo Motors will develop Korea’s first “Electric Vehicle Repair Shop” which will repair Hybrid cars as well as pure electric cars for large auto makers. Leo Motors will additionally add major Electric Vehicle dealerships to Leo Trade. Currently acquired Leo Motors Factory 1and 2 do not have EV repair technology and Leo Motors provides this technology for them. . Leo Motors is currently working with Leo Trade to build Electric Vehicle dealerships. These acquired entities will be presented on a consolidated basis as the parent company has significant control of the business through the Board of Directors which can decide decisions split on strictly on common share ownership percentages.

Note_2_Policies

Note 2 - Policies	3 Months Ended
	Mar. 31, 2015
Notes
Note 2 - Policies	NOTE 2 - 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 and LGM Co. LTD where the Parent Company has significant control. 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 March 31, 2015, 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
	The Company continually assesses any new accounting pronouncements to determine their applicability to the Company. Where it is determined that a new accounting pronouncement affects the Company’s financial reporting, the Company undertakes a study to determine the consequence of the change to its financial statements and assures that there are proper controls in place to ascertain that the Company’s financials properly reflect the change. The Company currently does not have any recent accounting pronouncements that they are studying and feel may be applicable.

Note_3_Earnings_Per_Share

Note 3 - Earnings Per Share	3 Months Ended
	Mar. 31, 2015
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 three months ended March 31, 2015 and 2014:
		For the three months ended
		3/31/15	3/31/14
	Net Income (Loss)	($595,418)	($1,266,468)
	Weighted-average common stock Outstanding -  basic	149,069,490	72,000,239
	Equivalents
	Stock options	-	0
	Warrants	-	0
	Convertible Notes	902,520	1,180,440
	Weighted-average common shares
	outstanding-  Diluted	149,972,010	73,180,679

Note_4_Due_To_Related_Party

Note 4 - Due To Related Party	3 Months Ended
	Mar. 31, 2015
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 was $116,617 at March 31, 2015 and $150,637 at December 31, 2014.

Note_5_Payments_Received_in_Ad

Note 5 - Payments Received in Advance	3 Months Ended
	Mar. 31, 2015
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 March 31, 2015 and December 31, 2014, the balance of payments received in advance was $297,720 and $ 306,969, respectively.

Note_6_Going_Concern

Note 6 - Going Concern	3 Months Ended
	Mar. 31, 2015
Notes
Note 6 - Going Concern	NOTE 6 - GOING CONCERN
	As reported in the consolidated financial statements, the Company has accumulated deficits of  as of March 31, 2015 and its current liabilities exceeded its current assets. 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 cannot 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_7_Commitments_and_Conting

Note 7 - Commitments and Contingencies	3 Months Ended
	Mar. 31, 2015
Notes
Note 7 - Commitments and Contingencies	NOTE 7 - 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, 2015 through December 31, 2017 are listed on the table below.
	For the years	Amount
	Ending
	2015	40,000
	2016	30,000
	2017	0
	Total Commitment	$70,000
	(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 had a commitment to raise $1,000,000 to fulfill its part of the contract for strategic investment. This investment was impaired in full as of December 31, 2014 and completion of the project looks doubtful.

Note_8_Inventories

Note 8 - Inventories	3 Months Ended
	Mar. 31, 2015
Notes
Note 8 - Inventories	NOTE 8 - INVENTORIES
	Inventories consist of the following:
		31-Mar-15	31-Dec-14
		US$	US$
	Raw material	$0	$0
	Work in process	295,159	279,783
	Finished goods	0	0
		$295,159	$279,783

Note_9_Property_and_Equipment

Note 9 - Property and Equipment	3 Months Ended
	Mar. 31, 2015
Notes
Note 9 - Property and Equipment	NOTE 9 - PROPERTY AND EQUIPMENT
	Property and equipment consisted of the following:
		31-Mar-15	31-Dec-14
	Vehicles	$114,680	$7,581
	Tools	92,612	12,906
	Office	107,100	79,963
	Facility equipment	210,502	157,966
	Total property and equipment	524,894	258,416
	Accumulated depreciation	-338,910	-219,796
	Property and equipment, net	$185,984	$38,620
	Depreciation expense for the three months ended March 31, 2015 and 2014 amounted to $4,500 and $4,507, respectively.

Note_10_Investments

Note 10 - Investments	3 Months Ended
	Mar. 31, 2015
Notes
Note 10 - Investments	NOTE 10 - INVESTMENTS
	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 September 30, 2014, $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. During the year ended December 31, 2014  the completion of this project has come into question. Due to this and other factors the Company has impaired the investments in full with a charge off of $762,000.

Note_11_Short_Term_Borrowings_

Note 11 - Short Term Borrowings and Notes Payable	3 Months Ended
	Mar. 31, 2015
Notes
Note 11 - Short Term Borrowings and Notes Payable	NOTE 11 - SHORT TERM BORROWINGS AND NOTES PAYABLE
	The Company continues to fund itself through borrowing and equity sales until sales return to historical levels.
	At December 31, 2014 the Company had short term borrowings of $448,801. The notes are short term working capital advances that have been advanced to their Korean Subsidiary from various local parties. These advances are due on demand carry  no interest rate and no collateral.
	Additionally the company has borrowed $819,922 in short term convertible notes at a 4% interest rate. These funds were used to fund expansion of our LGM acquisition earlier this year. The derivative components are detailed in footnote 15 and these loans were completely converted in February 2015 into 14,924,263  shares of our common stock.

Note_12_Income_Taxes

Note 12 - Income Taxes	3 Months Ended
	Mar. 31, 2015
Notes
Note 12 - Income Taxes	NOTE 12 - INCOME TAXES
	The Company has experienced losses during most years since its inception. As a result, it has incurred no Federal income tax. The Internal Revenue Code allows net operating losses (NOL’s) to be carried forward and applied against future profits for a period of twenty years; an NOL of $21,952,629 had accumulated at March 31, 2015 on U.S. operations and has been carried forward. The potential tax benefit of the NOL’s has been recognized on the books of the Company, but offset by a valuation allowance.
	Under current accounting guidance, recognition of deferred tax assets is permitted unless it is more likely than not that the assets will not be realized. The Company has recorded deferred tax assets using statutory rates, as presented below. The valuation reserve increased by $1,523,385 during the three months ended March 31, 2015.
		Total
	Deferred Tax Assets	$7,463,894
	Realization Allowance	-7,463,894
	Balance Recognized	-
	The effective tax rate is as follows:
	Statutory Federal Rate	34%
	Effect of Valuation Allowance	-34%
	Effective Rate	0%

Note_13_Intangible_Assets

Note 13 - Intangible Assets	3 Months Ended
	Mar. 31, 2015
Notes
Note 13 - Intangible Assets	NOTE 13 - INTANGIBLE ASSETS
	The Company accounts for its long-lived assets in accordance with Accounting Standards Codification (“ASC”) Topic 360-10-05, “Accounting for the Impairment or Disposal of Long-Lived Assets.”  ASC Topic 360-10-05 requires that long-lived assets be reviewed for impairment whenever events or changes in circumstances indicate that the historical cost carrying value of an asset may no longer be appropriate.  The Company assesses recoverability of the carrying value of an asset by estimating the future net cash flows expected to result from the asset, including eventual disposition.  If the future net cash flows are less than the carrying value of the asset, an impairment loss is recorded equal to the difference between the asset’s carrying value and fair value or disposable value.  The Company increased goodwill as a result of its first quarter acquisitions by $641,687 and also  determined that none of its long-term assets at March 31, 2015 and December 31, 2014 were impaired.
		31-Mar-15	31-Dec-14
	Patents	$63,554	$63,554
	Trademarks	277	277
	Goodwill	3,086,245	2,444,558
	Intangible assets	3,150,076	2,508,389
	Less impairments	0	0
	Intangible assets, net	$3,150,076	$2,508,389

Note_14_Segment_Information

Note 14 - Segment Information	3 Months Ended
	Mar. 31, 2015
Notes
Note 14 - Segment Information	NOTE 14 -  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 three months ended March 31, 2015 and 2014, 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_15_Derivative_Liability

Note 15 - Derivative Liability	3 Months Ended
	Mar. 31, 2015
Notes
Note 15 - Derivative Liability	NOTE 15 – DERIVATIVE LIABILITY
	The Company accounts for derivative financial instruments in accordance with ASC 815, which requires that all derivative financial instruments be recorded in the balance sheets either as assets or liabilities at fair value.
	The Company’s derivative liability is an embedded derivative associated with one of the Company’s convertible promissory notes. The convertible promissory note was issued on July 31, 2014, (the "Note"), is a hybrid instruments which contain an embedded derivative feature which would individually warrant separate accounting as a derivative instrument under Paragraph 815-10-05-4.  The embedded derivative feature includes the conversion feature to the Note. Pursuant to Paragraph 815-10-05-4, the value of the embedded derivative liability have been bifurcated from the debt host contract and recorded as a derivative liability resulting in a reduction of the initial carrying amount (as unamortized discount) of the notes, which are amortized as debt discount to be presented in other (income) expenses in the statements of operations using the effective interest method over the life of the notes.
	The embedded derivative within the note have been valued using the Black Scholes approach, recorded at fair value at the date of issuance; and marked-to-market at each reporting period end date with changes in fair value recorded in the Company’s statements of operations as “change in the fair value of derivative instrument”.
	As of March 31, 2015 and December 31, 2014, the estimated fair value of derivative liability was determined to be $0 and $819,922, respectively. On July 31, 2014, the derivative liability was recognized with a debt discount of $825,529. During the three months ended March 31, 2015, the loan was converted to common stock and the remaining unamortized debt discount of $275,176 was recorded against as a charge to interest expense.
	Summary of Fair Value of Financial Assets and Liabilities Measured on a Recurring Basis
	Financial assets and liabilities measured at fair value on a recurring basis are summarized below and disclosed on the balance sheet:
		Fair Value Measurement Using
	Carrying Value	Level 1	Level 2	Level 3	Total
	-0-	-	-	-0-	-0-
	$-0-	-	-	$-0-	$-0-
	Summary of the Changes in Fair Value of Level 3 Financial Liabilities
	The table below provides a summary of the changes in fair value, including net transfers in and/or out, of all financial assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) during the three months ended March 31, 2015:
		Derivative Liability
	Fair value, December 31, 2014	$819,922
	Additions	-0-
	Change in fair value	-0-
	Transfers in and/or out of Level 3	-819,922
	Fair value, March 31, 2015	$-0-

Note_16_Acquisitions

Note 16 - Acquisitions	3 Months Ended
	Mar. 31, 2015
Notes
Note 16 - Acquisitions	NOTE 16 - ACQUISITIONS
	On March 29, 2015 the Company acquired a 50% interest in both Leo Motors Factory 1 and 2 which are auto repair shops that specialize in repairing hand-made luxury cars such as Ferrari, Lamborghini, Bentley, Porsche, and Rolls Royce. The Company also acquired a 50% interest in Leo Trade(formerly Erum Motors) specializing in trading luxury cars.
	The consolidation of these acquisitions is presented below.
	Leo Motors consolidation	LEO Motors	LEO Motors	LGM	LEO Motors	LEO Motors	LEO Trade	ELIM	Consolidated
	31-Mar-15	US	Korea		Factory 1	Factory 2	(f/k/a/ Erum)	ENTRIES	Statements
	All numbers shown in US Dollars							DR(CR)	3/31/15
	ASSETS
	Cash and cash equivalents	$374	67,853	211,957	91,187	2914	92173	0	466,458
	Accounts receivable	0	0	476,777	8,754	48,425	418,422	0	952,378
	Inventories	0	0	295,159	0	0	0	0	295,159
	Prepayment to suppliers	0	137,236	160,484	0	0	0	0	297,720
	Other current assets	0	7,297	57,403	1,595	125,212	36,685	0	228,192
	Total Current Assets	374	212,386	1,201,780	101,536	176,551	547,280		2,239,907
	Fixed assets, net	6,744	10,530	16,846	63,683	88,181	0	0	185,984
	Deposit	0	46,234	22,637	4,804	145,196	9,025	0	227,896
	Intangible assets	0	63,831	0	0	0	0	0	63,831
	Goodwill	0	0	0	0	0	0	3,057,003	3,057,003
	Investment in subsidiaries	8,089,368	0	0	0	0	0	-8,089,368	0
	Total Non-Current Assets	8,096,112	120,595	39,483	68,487	233,377	9,025		3,534,714
	Total Assets	$8,096,486	332,981	1,241,263	170,023	409,928	556,305	-5,032,365	5,774,621
	LIABILITIES AND STOCKHOLDERS' EQUITY
	Current Liabilities:
	Accounts payable and accrued expenses	$1,139,889	1,060,342	291,900	97,840	307,112	416,183	0	3,313,266
	Short term borrowings	0	256,392	183,245	32,052	0	0	0	471,689
	Advance from customers	0	30,381	9,141	0	4,513	0	0	44,035
	Due to related parties	0	116,617	0	0	0	0	0	116,617
	Taxes payable	0	137,780	10,673	13,559	78,783	226	0	241,021
	Notes Payable current portion	0	0	0	0	0	353,747	0	353,747
	Total Current Liabilities	1,139,889	1,601,512	494,959	143,451	390,408	770,156		4,540,375
	Long Term Notes	0	36,698	117,075	0	173,928	0	0	327,701
	Accrued severance benefits	0	2,075	0	0	0	0	0	2,075
	Total Liabilities	1,139,889	1,640,285	612,034	143,451	564,336	770,156		4,870,151
	Stockholders' Equity:
	Common stock	154,144	2,831,276	284,870	90,253	135,379	180,505	-3,522,283	154,144
	Additional paid-in capital	21,253,084	1,831,184	1,285,902	0	0	0	-4,973,230	19,396,940
	Accumulated other comprehensive income	277,678	225,403	4,893	0	0	0	0	507,974
	Accumulated loss	-14,728,309	-6,195,167	-946,436	-63,681	-289,787	-394,356	733,773	-21,883,963
	Total Stockholders' Deficit attributable to LEO MOTORS, INC.	6,956,597	-1,307,304	629,229	26,572	-154,408	-213,851		-1,824,905
	Non-controlling interest	0	0	0	0	0	0	2,729,375	2,729,375
	Total Stockholders' Deficit	6,956,597	-1,307,304	629,229	26,572	-154,408	-213,851		904,470
	Total Liabilities and Stockholders' Deficit	$8,096,486	332,981	1,241,263	170,023	409,928	556,305	-5,032,365	5,774,621

Note_2_Policies_Policies

Note 2 - Policies (Policies)	3 Months Ended
	Mar. 31, 2015
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 and LGM Co. LTD where the Parent Company has significant control. 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 March 31, 2015, 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
	The Company continually assesses any new accounting pronouncements to determine their applicability to the Company. Where it is determined that a new accounting pronouncement affects the Company’s financial reporting, the Company undertakes a study to determine the consequence of the change to its financial statements and assures that there are proper controls in place to ascertain that the Company’s financials properly reflect the change. The Company currently does not have any recent accounting pronouncements that they are studying and feel may be applicable.

Note_3_Earnings_Per_Share_Sche

Note 3 - Earnings Per Share: Schedule of Earnings Per Share, Basic and Diluted (Tables)	3 Months Ended
	Mar. 31, 2015
Tables/Schedules
Schedule of Earnings Per Share, Basic and Diluted	The following is a reconciliation of the computation for basic and diluted EPS for the three months ended March 31, 2015 and 2014:
		For the three months ended
		3/31/15	3/31/14
	Net Income (Loss)	($595,418)	($1,266,468)
	Weighted-average common stock Outstanding -  basic	149,069,490	72,000,239
	Equivalents
	Stock options	-	0
	Warrants	-	0
	Convertible Notes	902,520	1,180,440
	Weighted-average common shares
	outstanding-  Diluted	149,972,010	73,180,679

Note_7_Commitments_and_Conting1

Note 7 - Commitments and Contingencies: Schedule of Future Minimum Rental Payments for Operating Leases (Tables)	3 Months Ended
	Mar. 31, 2015
Tables/Schedules
Schedule of Future Minimum Rental Payments for Operating Leases	The minimum obligations under such commitments for the years ending December 31, 2015 through December 31, 2017 are listed on the table below.
	For the years	Amount
	Ending
	2015	40,000
	2016	30,000
	2017	0
	Total Commitment	$70,000

Note_8_Inventories_Schedule_of

Note 8 - Inventories: Schedule of Inventories (Tables)	3 Months Ended
	Mar. 31, 2015
Tables/Schedules
Schedule of Inventories	Inventories consist of the following:
		31-Mar-15	31-Dec-14
		US$	US$
	Raw material	$0	$0
	Work in process	295,159	279,783
	Finished goods	0	0
		$295,159	$279,783

Note_9_Property_and_Equipment_

Note 9 - Property and Equipment: Schedule of Property, Plant and Equipment (Tables)	3 Months Ended
	Mar. 31, 2015
Tables/Schedules
Schedule of Property, Plant and Equipment	Property and equipment consisted of the following:
		31-Mar-15	31-Dec-14
	Vehicles	$114,680	$7,581
	Tools	92,612	12,906
	Office	107,100	79,963
	Facility equipment	210,502	157,966
	Total property and equipment	524,894	258,416
	Accumulated depreciation	-338,910	-219,796
	Property and equipment, net	$185,984	$38,620

Note_12_Income_Taxes_Schedule_

Note 12 - Income Taxes: Schedule of Deferred Tax Assets (Tables)	3 Months Ended
	Mar. 31, 2015
Tables/Schedules
Schedule of Deferred Tax Assets
		Total
	Deferred Tax Assets	$7,463,894
	Realization Allowance	-7,463,894
	Balance Recognized	-

Note_12_Income_Taxes_Schedule_1

Note 12 - Income Taxes: Schedule of Effective Income Tax Rate Reconciliation (Tables)	3 Months Ended
	Mar. 31, 2015
Tables/Schedules
Schedule of Effective Income Tax Rate Reconciliation	The effective tax rate is as follows:
	Statutory Federal Rate	34%
	Effect of Valuation Allowance	-34%
	Effective Rate	0%

Note_13_Intangible_Assets_Sche

Note 13 - Intangible Assets: Schedule of Finite-Lived Intangible Assets (Tables)	3 Months Ended
	Mar. 31, 2015
Tables/Schedules
Schedule of Finite-Lived Intangible Assets
		31-Mar-15	31-Dec-14
	Patents	$63,554	$63,554
	Trademarks	277	277
	Goodwill	3,086,245	2,444,558
	Intangible assets	3,150,076	2,508,389
	Less impairments	0	0
	Intangible assets, net	$3,150,076	$2,508,389

Note_15_Derivative_Liability_S

Note 15 - Derivative Liability: Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis (Tables)	3 Months Ended
	Mar. 31, 2015
Tables/Schedules
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis	Financial assets and liabilities measured at fair value on a recurring basis are summarized below and disclosed on the balance sheet:
		Fair Value Measurement Using
	Carrying Value	Level 1	Level 2	Level 3	Total
	-0-	-	-	-0-	-0-
	$-0-	-	-	$-0-	$-0-

Note_15_Derivative_Liability_A

Note 15 - Derivative Liability: Assets and Liabilities, Changes in Fair Value, Recurring Basis (Tables)	3 Months Ended
	Mar. 31, 2015
Tables/Schedules
Assets and Liabilities, Changes in Fair Value, Recurring Basis	The table below provides a summary of the changes in fair value, including net transfers in and/or out, of all financial assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3) during the three months ended March 31, 2015:
		Derivative Liability
	Fair value, December 31, 2014	$819,922
	Additions	-0-
	Change in fair value	-0-
	Transfers in and/or out of Level 3	-819,922
	Fair value, March 31, 2015	$-0-

Note_16_Acquisitions_Schedule_

Note 16 - Acquisitions: Schedule of Consolidated Assets, Liabilities, and Equity of Acquired Entities (Tables)	3 Months Ended
	Mar. 31, 2015
Tables/Schedules
Schedule of Consolidated Assets, Liabilities, and Equity of Acquired Entities	The consolidation of these acquisitions is presented below.
	Leo Motors consolidation	LEO Motors	LEO Motors	LGM	LEO Motors	LEO Motors	LEO Trade	ELIM	Consolidated
	31-Mar-15	US	Korea		Factory 1	Factory 2	(f/k/a/ Erum)	ENTRIES	Statements
	All numbers shown in US Dollars							DR(CR)	3/31/15
	ASSETS
	Cash and cash equivalents	$374	67,853	211,957	91,187	2914	92173	0	466,458
	Accounts receivable	0	0	476,777	8,754	48,425	418,422	0	952,378
	Inventories	0	0	295,159	0	0	0	0	295,159
	Prepayment to suppliers	0	137,236	160,484	0	0	0	0	297,720
	Other current assets	0	7,297	57,403	1,595	125,212	36,685	0	228,192
	Total Current Assets	374	212,386	1,201,780	101,536	176,551	547,280		2,239,907
	Fixed assets, net	6,744	10,530	16,846	63,683	88,181	0	0	185,984
	Deposit	0	46,234	22,637	4,804	145,196	9,025	0	227,896
	Intangible assets	0	63,831	0	0	0	0	0	63,831
	Goodwill	0	0	0	0	0	0	3,057,003	3,057,003
	Investment in subsidiaries	8,089,368	0	0	0	0	0	-8,089,368	0
	Total Non-Current Assets	8,096,112	120,595	39,483	68,487	233,377	9,025		3,534,714
	Total Assets	$8,096,486	332,981	1,241,263	170,023	409,928	556,305	-5,032,365	5,774,621
	LIABILITIES AND STOCKHOLDERS' EQUITY
	Current Liabilities:
	Accounts payable and accrued expenses	$1,139,889	1,060,342	291,900	97,840	307,112	416,183	0	3,313,266
	Short term borrowings	0	256,392	183,245	32,052	0	0	0	471,689
	Advance from customers	0	30,381	9,141	0	4,513	0	0	44,035
	Due to related parties	0	116,617	0	0	0	0	0	116,617
	Taxes payable	0	137,780	10,673	13,559	78,783	226	0	241,021
	Notes Payable current portion	0	0	0	0	0	353,747	0	353,747
	Total Current Liabilities	1,139,889	1,601,512	494,959	143,451	390,408	770,156		4,540,375
	Long Term Notes	0	36,698	117,075	0	173,928	0	0	327,701
	Accrued severance benefits	0	2,075	0	0	0	0	0	2,075
	Total Liabilities	1,139,889	1,640,285	612,034	143,451	564,336	770,156		4,870,151
	Stockholders' Equity:
	Common stock	154,144	2,831,276	284,870	90,253	135,379	180,505	-3,522,283	154,144
	Additional paid-in capital	21,253,084	1,831,184	1,285,902	0	0	0	-4,973,230	19,396,940
	Accumulated other comprehensive income	277,678	225,403	4,893	0	0	0	0	507,974
	Accumulated loss	-14,728,309	-6,195,167	-946,436	-63,681	-289,787	-394,356	733,773	-21,883,963
	Total Stockholders' Deficit attributable to LEO MOTORS, INC.	6,956,597	-1,307,304	629,229	26,572	-154,408	-213,851		-1,824,905
	Non-controlling interest	0	0	0	0	0	0	2,729,375	2,729,375
	Total Stockholders' Deficit	6,956,597	-1,307,304	629,229	26,572	-154,408	-213,851		904,470
	Total Liabilities and Stockholders' Deficit	$8,096,486	332,981	1,241,263	170,023	409,928	556,305	-5,032,365	5,774,621

Note_1_Company_Background_Deta

Note 1 - Company Background (Details)	3 Months Ended		12 Months Ended
	Mar. 31, 2015	Mar. 31, 2010	Dec. 31, 2014	Dec. 31, 2011
PDI | Housing Project In The Republic Of The Congo
Long Term Investment Percentage Of Investment Owned	10.00%
Common Stock
Conversion of Stock, Shares Issued	47,352,450
Leo BT Corp
Noncash or Part Noncash Acquisition, Interest Acquired		50.00%
Equity Method Investment, Ownership Percentage				30.00%
Leo BT Corp | Common Stock
Shares Issued in Exchange for Company Acquisition		7,000,000
LGM Co. Ltd | Common Stock
Conversion of Stock, Shares Converted			813,747
Leo Motors Factory 1
Noncash or Part Noncash Acquisition, Interest Acquired	50.00%
Leo Motors Factory 2
Noncash or Part Noncash Acquisition, Interest Acquired	50.00%
Leo Trade
Noncash or Part Noncash Acquisition, Interest Acquired	50.00%

Note_2_Policies_Fixed_Assets_D

Note 2 - Policies: Fixed Assets (Details)	3 Months Ended
	Mar. 31, 2015
Minimum
Property, Plant and Equipment, Useful Life	3 years
Maximum
Property, Plant and Equipment, Useful Life	10 years

Note_2_Policies_Stockbased_Com

Note 2 - Policies: Stock-based Compensation (Details)	3 Months Ended
	Mar. 31, 2015
Details
Valuation Method Used for Stock Option Awards	Black-Scholes option-pricing model

Note_3_Earnings_Per_Share_Sche1

Note 3 - Earnings Per Share: Schedule of Earnings Per Share, Basic and Diluted (Details) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Details
Net Income (Loss)	($595,418)	($1,266,468)
Weighted-average common stock Outstanding - basic	149,069,490	72,000,239
Equivalents
Stock options	0	0
Warrants	0	0
Convertible Notes	902,520	1,180,440
Weighted-average common shares outstanding - Diluted	149,972,010	73,180,679

Note_4_Due_To_Related_Party_De

Note 4 - Due To Related Party (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Due to related parties	$116,617	$150,637
Officer
Due to related parties	$116,617	$150,637

Note_5_Payments_Received_in_Ad1

Note 5 - Payments Received in Advance (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Details
Prepayment to suppliers	$297,720	$306,969

Note_7_Commitments_and_Conting2

Note 7 - Commitments and Contingencies: Schedule of Future Minimum Rental Payments for Operating Leases (Details) (USD $)	Mar. 31, 2015
Details
2015	$40,000
2016	30,000
2017	0
Total Commitment	$70,000

Note_7_Commitments_and_Conting3

Note 7 - Commitments and Contingencies (Details) (Housing Project In The Republic Of The Congo, PDI, USD $)	Nov. 10, 2012
Housing Project In The Republic Of The Congo | PDI
Contractual Obligation	$1,000,000

Note_8_Inventories_Schedule_of1

Note 8 - Inventories: Schedule of Inventories (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Details
Raw material	$0	$0
Work in process	295,159	279,783
Finished goods	0	0
Inventories	$295,159	$279,783

Note_9_Property_and_Equipment_1

Note 9 - Property and Equipment: Schedule of Property, Plant and Equipment (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Total property and equipment	$524,894	$258,416
Accumulated depreciation	-338,910	-219,796
Property and equipment, net	185,984	38,620
Vehicles
Total property and equipment	114,680	7,581
Tools, Dies and Molds
Total property and equipment	92,612	12,906
Office Equipment
Total property and equipment	107,100	79,963
Facility Equipment
Total property and equipment	$210,502	$157,966

Note_9_Property_and_Equipment_2

Note 9 - Property and Equipment (Details) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Details
Depreciation	$4,500	$4,507

Note_10_Investments_Details

Note 10 - Investments (Details) (USD $)	3 Months Ended
	Mar. 31, 2015
Ownership interest in Housing project	10.00%
Other than Temporary Impairment Losses, Investments	$762,000
Housing Project In The Republic Of The Congo | PDI
Long-term Investments	$270,000

Note_11_Short_Term_Borrowings_1

Note 11 - Short Term Borrowings and Notes Payable (Details) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Short term borrowings	$471,689		$448,801
Conversion of derivative liability	819,922	0
Note 1
Short term borrowings			448,801
Stated Interest Rate			0.00%
Note 2
Stated Interest Rate	4.00%
Conversion of derivative liability	$819,922
Note 2 | Common Stock
Debt Conversion, Converted Instrument, Shares Issued	14,924,263

Note_12_Income_Taxes_Details

Note 12 - Income Taxes (Details) (USD $)	3 Months Ended
	Mar. 31, 2015
Details
Net Operating Loss Carryforwards	$21,952,629
Valuation reserve increase	$1,523,385

Note_12_Income_Taxes_Schedule_2

Note 12 - Income Taxes: Schedule of Deferred Tax Assets (Details) (USD $)	Mar. 31, 2015
Details
Deferred Tax Assets	$7,463,894
Realization Allowance	-7,463,894
Balance Recognized	$0

Note_12_Income_Taxes_Schedule_3

Note 12 - Income Taxes: Schedule of Effective Income Tax Rate Reconciliation (Details)	3 Months Ended
	Mar. 31, 2015
Details
Statutory Federal Rate	34.00%
Effect of Valuation Allowance	-34.00%
Effective Rate	0.00%

Note_13_Intangible_Assets_Sche1

Note 13 - Intangible Assets: Schedule of Finite-Lived Intangible Assets (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Details
Patents	$63,554	$63,554
Trademarks	277	277
Goodwill	3,086,245	2,444,558
Intangible assets	3,150,076	2,508,389
Less impairments	0	0
Intangible assets, net	$3,150,076	$2,508,389

Note_15_Derivative_Liability_D

Note 15 - Derivative Liability (Details) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014	Jul. 31, 2014
Amortization debt discount	$275,176	$26,872
Derivative Financial Instruments, Liabilities
Liabilities, Fair Value Disclosure, Recurring	0		819,922
Debt Discount				$825,529

Note_15_Derivative_Liability_S1

Note 15 - Derivative Liability: Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis (Details) (Derivative Financial Instruments, Liabilities, USD $)	Mar. 31, 2015	Dec. 31, 2014
Liabilities, Fair Value Disclosure, Recurring	$0	$819,922
Fair Value, Inputs, Level 1
Liabilities, Fair Value Disclosure, Recurring	0
Fair Value, Inputs, Level 2
Liabilities, Fair Value Disclosure, Recurring	0
Fair Value, Inputs, Level 3
Liabilities, Fair Value Disclosure, Recurring	$0

Note_15_Derivative_Liability_A1

Note 15 - Derivative Liability: Assets and Liabilities, Changes in Fair Value, Recurring Basis (Details) (USD $)	3 Months Ended
	Mar. 31, 2015
Details
Derivative Liability, Fair value, Beginning Balance	$819,922
Additions	0
Fair Value, Liabilities Measured on Recurring Basis, Change in Unrealized Gain (Loss)	0
Transfers in and/or out of Level 3	-819,922
Derivative Liability, Fair value, Ending Balance	$0

Note_16_Acquisitions_Details

Note 16 - Acquisitions (Details)	3 Months Ended
	Mar. 31, 2015
Leo Motors Factory 1
Noncash or Part Noncash Acquisition, Interest Acquired	50.00%
Leo Motors Factory 2
Noncash or Part Noncash Acquisition, Interest Acquired	50.00%
Leo Trade
Noncash or Part Noncash Acquisition, Interest Acquired	50.00%

Note_16_Acquisitions_Schedule_1

Note 16 - Acquisitions: Schedule of Consolidated Assets, Liabilities, and Equity of Acquired Entities (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014	Mar. 31, 2014	Dec. 31, 2013
Assets
Cash and cash equivalents	$466,458	$217,178	$851	$1,774
Accounts receivable	952,378	542,210
Inventories	295,159	279,783
Prepayment to suppliers	297,720	306,969
Other current assets	228,192	49,705
Total Current Assets	2,239,907	1,395,845
Fixed assets, net	185,984	38,620
Deposit	227,896	51,601
Intangible assets	63,831	63,831
Goodwill	3,057,003	2,444,558
Investments in Subsidiaries	0
Total Non-Current Assets	3,534,714
Total Assets	5,774,621	3,994,455
Current Liabilities:
Accounts payable and accrued expenses	3,313,266	2,152,951
Short term borrowings	471,689	448,801
Advance from customers	44,035	40,951
Due to related parties	116,617	150,637
Taxes payable	241,021	159,478
Notes Payable current portion	353,747	526,257
Total Current Liabilities	4,540,375	4,298,997
Long Term Notes	327,701	145,316
Accrued severance benefits	2,075	2,150
Total Liabilities	4,870,151	4,446,463
Leo Motors, Inc.("LEOM") Equity(Deficit):
Common stock	154,144
Additional paid-in capital	19,396,940	17,723,248
Accumulated other comprehensive income	507,974	511,229
Accumulated loss	-21,883,963	-21,357,211
Total Equity(Deficit) Leo Motors, Inc.	-1,824,905	-2,984,110
Non-controlling interest	2,729,375	2,532,102
Total Equity(Deficit)	904,470	-452,008
Total Liabilities and Equity(Deficit)	5,774,621	3,994,455
Leo Motors US
Assets
Cash and cash equivalents	374
Accounts receivable	0
Inventories	0
Prepayment to suppliers	0
Other current assets	0
Total Current Assets	374
Fixed assets, net	6,744
Deposit	0
Intangible assets	0
Goodwill	0
Investments in Subsidiaries	8,089,368
Total Non-Current Assets	8,096,112
Total Assets	8,096,486
Current Liabilities:
Accounts payable and accrued expenses	1,139,889
Short term borrowings	0
Advance from customers	0
Due to related parties	0
Taxes payable	0
Notes Payable current portion	0
Total Current Liabilities	1,139,889
Long Term Notes	0
Accrued severance benefits	0
Total Liabilities	1,139,889
Leo Motors, Inc.("LEOM") Equity(Deficit):
Common stock	154,144
Additional paid-in capital	21,253,084
Accumulated other comprehensive income	277,678
Accumulated loss	-14,728,309
Total Equity(Deficit) Leo Motors, Inc.	6,956,597
Non-controlling interest	0
Total Equity(Deficit)	6,956,597
Total Liabilities and Equity(Deficit)	8,096,486
Leo Motors Korea
Assets
Cash and cash equivalents	67,853
Accounts receivable	0
Inventories	0
Prepayment to suppliers	137,236
Other current assets	7,297
Total Current Assets	212,386
Fixed assets, net	10,530
Deposit	46,234
Intangible assets	63,831
Goodwill	0
Investments in Subsidiaries	0
Total Non-Current Assets	120,595
Total Assets	332,981
Current Liabilities:
Accounts payable and accrued expenses	1,060,342
Short term borrowings	256,392
Advance from customers	30,381
Due to related parties	116,617
Taxes payable	137,780
Notes Payable current portion	0
Total Current Liabilities	1,601,512
Long Term Notes	36,698
Accrued severance benefits	2,075
Total Liabilities	1,640,285
Leo Motors, Inc.("LEOM") Equity(Deficit):
Common stock	2,831,276
Additional paid-in capital	1,831,184
Accumulated other comprehensive income	225,403
Accumulated loss	-6,195,167
Total Equity(Deficit) Leo Motors, Inc.	-1,307,304
Non-controlling interest	0
Total Equity(Deficit)	-1,307,304
Total Liabilities and Equity(Deficit)	332,981
LGM Co. Ltd
Assets
Cash and cash equivalents	211,957
Accounts receivable	476,777
Inventories	295,159
Prepayment to suppliers	160,484
Other current assets	57,403
Total Current Assets	1,201,780
Fixed assets, net	16,846
Deposit	22,637
Intangible assets	0
Goodwill	0
Investments in Subsidiaries	0
Total Non-Current Assets	39,483
Total Assets	1,241,263
Current Liabilities:
Accounts payable and accrued expenses	291,900
Short term borrowings	183,245
Advance from customers	9,141
Due to related parties	0
Taxes payable	10,673
Notes Payable current portion	0
Total Current Liabilities	494,959
Long Term Notes	117,075
Accrued severance benefits	0
Total Liabilities	612,034
Leo Motors, Inc.("LEOM") Equity(Deficit):
Common stock	284,870
Additional paid-in capital	1,285,902
Accumulated other comprehensive income	4,893
Accumulated loss	-946,436
Total Equity(Deficit) Leo Motors, Inc.	629,229
Non-controlling interest	0
Total Equity(Deficit)	629,229
Total Liabilities and Equity(Deficit)	1,241,263
Leo Motors Factory 1
Assets
Cash and cash equivalents	91,187
Accounts receivable	8,754
Inventories	0
Prepayment to suppliers	0
Other current assets	1,595
Total Current Assets	101,536
Fixed assets, net	63,683
Deposit	4,804
Intangible assets	0
Goodwill	0
Investments in Subsidiaries	0
Total Non-Current Assets	68,487
Total Assets	170,023
Current Liabilities:
Accounts payable and accrued expenses	97,840
Short term borrowings	32,052
Advance from customers	0
Due to related parties	0
Taxes payable	13,559
Notes Payable current portion	0
Total Current Liabilities	143,451
Long Term Notes	0
Accrued severance benefits	0
Total Liabilities	143,451
Leo Motors, Inc.("LEOM") Equity(Deficit):
Common stock	90,253
Additional paid-in capital	0
Accumulated other comprehensive income	0
Accumulated loss	-63,681
Total Equity(Deficit) Leo Motors, Inc.	26,572
Non-controlling interest	0
Total Equity(Deficit)	26,572
Total Liabilities and Equity(Deficit)	170,023
Leo Motors Factory 2
Assets
Cash and cash equivalents	2,914
Accounts receivable	48,425
Inventories	0
Prepayment to suppliers	0
Other current assets	125,212
Total Current Assets	176,551
Fixed assets, net	88,181
Deposit	145,196
Intangible assets	0
Goodwill	0
Investments in Subsidiaries	0
Total Non-Current Assets	233,377
Total Assets	409,928
Current Liabilities:
Accounts payable and accrued expenses	307,112
Short term borrowings	0
Advance from customers	4,513
Due to related parties	0
Taxes payable	78,783
Notes Payable current portion	0
Total Current Liabilities	390,408
Long Term Notes	173,928
Accrued severance benefits	0
Total Liabilities	564,336
Leo Motors, Inc.("LEOM") Equity(Deficit):
Common stock	135,379
Additional paid-in capital	0
Accumulated other comprehensive income	0
Accumulated loss	-289,787
Total Equity(Deficit) Leo Motors, Inc.	-154,408
Non-controlling interest	0
Total Equity(Deficit)	-154,408
Total Liabilities and Equity(Deficit)	409,928
Leo Trade
Assets
Cash and cash equivalents	92,173
Accounts receivable	418,422
Inventories	0
Prepayment to suppliers	0
Other current assets	36,685
Total Current Assets	547,280
Fixed assets, net	0
Deposit	9,025
Intangible assets	0
Goodwill	0
Investments in Subsidiaries	0
Total Non-Current Assets	9,025
Total Assets	556,305
Current Liabilities:
Accounts payable and accrued expenses	416,183
Short term borrowings	0
Advance from customers	0
Due to related parties	0
Taxes payable	226
Notes Payable current portion	353,747
Total Current Liabilities	770,156
Long Term Notes	0
Accrued severance benefits	0
Total Liabilities	770,156
Leo Motors, Inc.("LEOM") Equity(Deficit):
Common stock	180,505
Additional paid-in capital	0
Accumulated other comprehensive income	0
Accumulated loss	-394,356
Total Equity(Deficit) Leo Motors, Inc.	-213,851
Non-controlling interest	0
Total Equity(Deficit)	-213,851
Total Liabilities and Equity(Deficit)	556,305
ELIM Entries
Assets
Cash and cash equivalents	0
Accounts receivable	0
Inventories	0
Prepayment to suppliers	0
Other current assets	0
Fixed assets, net	0
Deposit	0
Intangible assets	0
Goodwill	3,057,003
Investments in Subsidiaries	-8,089,368
Total Assets	-5,032,365
Current Liabilities:
Accounts payable and accrued expenses	0
Short term borrowings	0
Advance from customers	0
Due to related parties	0
Taxes payable	0
Notes Payable current portion	0
Long Term Notes	0
Accrued severance benefits	0
Leo Motors, Inc.("LEOM") Equity(Deficit):
Common stock	-3,522,283
Additional paid-in capital	-4,973,230
Accumulated other comprehensive income	0
Accumulated loss	733,773
Non-controlling interest	2,729,375
Total Liabilities and Equity(Deficit)	($5,032,365)