Leo Motors (LEOM) 10-Q 16 May 16 2016 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2016	May. 12, 2016
Document and Entity Information
Entity Registrant Name	Leo Motors, Inc.
Document Type	10-Q
Document Period End Date	Mar. 31, 2016
Amendment Flag	false
Entity Central Index Key	1,356,564
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding		162,299,074
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	2,016
Document Fiscal Period Focus	Q1
Trading Symbol	leom

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Current Assets
Cash and cash equivalents	$ 130,874	$ 243,809
Accounts receivable	1,015,447	1,565,114
Inventories	838,785	496,971
Prepayment to suppliers	382,545	279,229
Other current assets	199,073	32,107
Total Current Assets	2,566,724	2,617,230
Fixed assets, net	142,137	163,001
Deposit	346,255	346,659
Intangible assets	87,275	63,831
Goodwill	3,057,003	3,057,003
Total Assets	6,199,394	6,247,724
Current Liabilities:
Accounts payable and accrued expenses	3,748,487	4,082,198
Short term borrowings	0	7,661
Advance from customers	496,385	795,431
Due to related parties	136,887	140,396
Taxes payable	155,151	99,584
Notes Payable current portion	264,158	49,397
Total Current Liabilities	4,801,068	5,174,667
Accrued retirement benefits	96,518	92,948
Notes payable long term	95,599	273,646
Other long term liabilities	196,579	129,748
Total Liabilities	$ 5,189,764	$ 5,671,009
Commitments (Note 8)
Leo Motors, Inc.("LEOM") Equity(Deficit):
Common stock ($0.001 par value; 300,000,000 shares authorized); 163,198,512 and 158,948,604 shares issued and outstanding at March 31, 2016 and December 31, 2015	$ 163,199	$ 158,949
Additional paid-in capital	20,990,286	20,367,272
Accumulated other comprehensive income	1,329,240	1,251,120
Accumulated loss	(25,827,119)	(25,404,609)
Total Equity(Deficit) Leo Motors, Inc.	(3,344,394)	(3,627,268)
Non-controlling interest	4,354,024	4,203,983
Total Equity(Deficit)	1,009,630	576,715
Total Liabilities and Equity(Deficit)	$ 6,199,394	$ 6,247,724

CONSOLIDATED BALANCE SHEETS (PA

CONSOLIDATED BALANCE SHEETS (PARENTHETICAL) - $ / shares	Mar. 31, 2016	Dec. 31, 2015
Statement of Financial Position
Common Stock, par or stated value	$ 0.001	$ 0.001
Common Stock, shares authorized	300,000,000	220,000,000
Common Stock, shares issued	163,198,512	158,948,604
Common Stock, shares outstanding	163,198,512	158,948,604

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Income Statement
Revenues	$ 745,706	$ 42,771
Cost of Revenues	291,014	0
Gross Profit	454,692	42,771
Operating Expenses	908,860	358,411
Income(loss) from Continuing Operations	(454,168)	(315,640)
Other Income (Expenses)
Interest expense	(9,328)	(280,975)
Non-Operating (expense) income	5,330	1,197
Total Other Income (Expenses)	(3,998)	(279,778)
Income(loss) from Continuing Operations Before Income Taxes	(458,166)	(595,418)
Income Tax Expense	0	0
Net Income(Loss)	(458,166)	(595,418)
Income(loss) attributable to non-controlling interest	(35,655)	(68,666)
Net Income(Loss) Attributable To Leo Motors, Inc.	(422,511)	(526,752)
Other Comprehensive Income:
Net Income(Loss)	(422,511)	(526,752)
Unrealized foreign currency translation gain	78,120	(3,255)
Comprehensive Income(loss) Attributable to Leo Motors, Inc.	$ (344,391)	$ (530,007)
Net Loss per Common Share:
Basic	$ 0	$ 0
Diluted	$ 0	$ 0
Weighted Average Common Shares Outstanding:
Basic	161,878,686	149,069,490
Diluted	161,878,686	149,972,010

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Cash flows from Operating Activities:
Net loss	$ (458,166)	$ (595,418)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	20,864	4,500
Amortization debt discount	0	275,176
Foreign currency translation	78,120	(3,255)
Stock-based compensation	115,938	38,820
Changes in assets and liabilities:
Accounts Receivable	549,667	(410,168)
Inventories	(341,814)	(15,376)
Prepayment to suppliers	(103,316)	9,249
Other assets	(166,966)	(178,487)
Accounts payable, other payables and accrued expenses	(266,880)	1,160,315
Accrued retirement benefits	3,570	(75)
Advances from customers	(299,046)	3,084
Taxes payable	55,567	81,543
Net cash used in operating activities:	(812,462)	369,908
Cash flows from investing activities:
Investment in assets	(23,444)	(151,864)
Payments on deposits	(404)	(176,295)
Net cash provided(used) in investing activities:	(23,848)	(328,159)
Cash flows from financing activities:
Proceeds from notes payable	32,373	201,380
Payments on related party debt net	(3,509)	0
Payments on notes payable	(7,661)	(22,886)
Capital contributions	186,973	0
Proceeds from issuance of stock & warrants	515,199	29,037
Net cash provided(used) by financing activities:	723,375	207,531
Net Increase in cash and cash equivalents:	(112,935)	249,280
Cash and cash equivalents - beginning of year	243,809	217,178
Cash and cash equivalents - end of year	130,874	466,458
Supplemental disclosure of cash flow activities:
Interest	9,328	4,817
Income taxes	0	0
Supplemental disclosures of non cash activities:
Conversion of derivative liability	0	819,922
Goodwill on acquisition	0	641,687
Conversion of debt for common stock	0	801,433
Common stock issued for services	$ 115,938	$ 38,820

Note 1 - Company Background

Note 1 - Company Background	3 Months Ended
	Mar. 31, 2016
Notes
Note 1 - Company Background	NOTE 1 - COMPANY BACKGROUND Leo Motors, Inc. (the "Company," or "we") is currently in development, assembly and sales of the energy storage devices and electric vehicle components. The Company was originally incorporated in California as N. Org., Inc. on December 12, 1983. The Company then underwent several name changes from Natural Organics Corporation to Classic Auto Accessories of North America and then to FCR Automotive Group, Inc. On September 20, 2004, the Company reincorporated in Delaware by merging into FCR Group, Inc., a Delaware Automotive corporation, which was organized on September 8, 2004. On July 26, 2005, the Company acquired Shinil Precision Co., Ltd., a Korean Company, as its operating business and on July 18, 2005, changed its name to Shinil Precision Machinery, Inc. to reflect its anticipated new business. Upon failure of certain terms and conditions of the acquisition agreement, the Company returned the shares of Shinil and recovered and cancelled the Company's shares issued in the acquisition. In 2012, the Company changed its domicile to Nevada. The Company had been dormant since 1989, and consummated 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., a South Korean corporation ("B&T"), from two shareholders of B&T in exchange for 7,000,000 shares of the Company's common stock. Our ownership in B&T was reduced to 30% in 2011. Additionally, this investment was written down as 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 signed an agreement withPDI C&D/RDC SPRL Inc. ("PDI"), an affiliate of PDI Global LLC, a major architectural design company in the U.S., to supply an independent solar power system grafted with the Company's 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, 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. Upon closing of the Share Swap Agreement, LGM became a wholly-owned subsidiary of the Company. On March 31, 2015, the Company acquired 50% interest in each of Leo Motors Factory, Inc. ("Leo Factory 1") and Leo Motors Factory 2, Inc. ("Leo Factory 2")

Note 2 - Policies

Note 2 - Policies	3 Months Ended
	Mar. 31, 2016
Notes
Note 2 - Policies	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," 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, 2016
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, 2016 and 2015: For the periods ended 3/31/2016 3/31/2015 Net Income (Loss) $(458,166) $(595,418) Weighted-average common stock Outstanding - basic 161,878,686 149,069,490 Equivalents Stock options - 0 Warrants - 0 Convertible Notes 0 902,520 Weighted-average common shares outstanding- Diluted 161,878,686 149,972,010

Note 4 - Due To Related Party

Note 4 - Due To Related Party	3 Months Ended
	Mar. 31, 2016
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 $136,887 at March 31, 2016 and $140,396 at December 31, 2015.

Note 5 - Payments Received in A

Note 5 - Payments Received in Advance	3 Months Ended
	Mar. 31, 2016
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, 2016 and December 31, 2015, the balance of payments received in advance was $382,545 and $ 279,229, respectively.

Note 6 - Going Concern

Note 6 - Going Concern	3 Months Ended
	Mar. 31, 2016
Notes
Note 6 - Going Concern	NOTE 6 - GOING CONCERN As reported in the consolidated financial statements, the Company has accumulated deficits of 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 Contin

Note 7 - Commitments and Contingencies	3 Months Ended
	Mar. 31, 2016
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 period ending March 31, 2016 through December 31, 2018 are listed on the table below. For the Year Amount Ending 2016 $165,620 2017 101,249 2018 and beyond 0 Total Commitment $266,869 (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., signed a contract to supply an independent solar power system grafted with the Company's 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 as completion of the project looks doubtful.

Note 8 - Inventories

Note 8 - Inventories	3 Months Ended
	Mar. 31, 2016
Notes
Note 8 - Inventories	NOTE 8 - INVENTORIES Inventories consist of the following: 31-Mar-16 31-Dec-15 US$ US$ Raw material $0 $0 Work in process 838,785 496,971 Finished goods 0 0 $838,785 $496,971 279283

Note 9 - Property and Equipment

Note 9 - Property and Equipment	3 Months Ended
	Mar. 31, 2016
Notes
Note 9 - Property and Equipment	NOTE 9 - PROPERTY AND EQUIPMENT Property and equipment consisted of the following: 31-Mar-16 31-Dec-15 Vehicles $146,268 $146,268 Tools 95,771 95,771 Office 109,447 109,447 Facility equipment 210,502 210,502 Total property and equipment 561,988 561,988 Accumulated depreciation (419,851) (398,987) Property and equipment, net $142,137 $163,001 Depreciation expense for the three months ended March 31, 2016 and 2015 amounted to $20,864 and $4,500, respectively.

Note 10 - Investments

Note 10 - Investments	3 Months Ended
	Mar. 31, 2016
Notes
Note 10 - Investments	NOTE 10 - INVESTMENTS During 2012, the Company invested in a housing project in the Republic of the Congo which would use our E-Box power storage device. $270,000 had been invested. Their 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, 2016
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 March 31, 2015, the Company had short term borrowings of $359,757. 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, interest free and unsecured. As of March 31, 2016 the major components of our notes and borrowings consisted of the following: 3/31/16 Hana Bank six month note extended with 12 month term renewable periods with a variable interest rate currently at 3.65% interest only payable monthly and securred by the company. $62,883 Hana Bank six month note extended with 12 month term renewable periods with a variable interest rate currently at 6.24% interest only payable monthly. 76,479 KookMin Bank six month note extended with 12 month term renewable periods with a variable interest rate currently at 3.28% interest only payable monthly and securred by the company 84,977 Industrial Bank of Korea Bank four year note extended with 12 month extension fully amortizing with a variable interest rate currently at 3.83% payable monthly. 127,465 NH Bank six month note extended with 12 month term renewable periods with a variable interest rate currently at 7.25% interest only payable monthly. 7,954 Total Liabilities 359,757 Less current portion 264,158 Long tem debt $95,599

Note 12 - Income Taxes

Note 12 - Income Taxes	3 Months Ended
	Mar. 31, 2016
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 $25,827,119 had accumulated at March 31, 2016 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, and is 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 $155,766 during the quarter ended March 31, 2016. Total Deferred Tax Assets 8,781,220 Realization Allowance (8,781,220) 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, 2016
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 $612,445 and also determined that none of its long-term assets at March 31, 2016 and December 31, 2015 were impaired. 31-Mar-16 31-Dec-15 Patents $86,998 $63,554 Trademarks 277 277 Goodwill 3,057,003 3,057,003 Intangible assets 3,144,278 3,120,834 Less impairments 0 0 Intangible assets, net $3,144,278 $3,120,834

Note 14 - Segment Information

Note 14 - Segment Information	3 Months Ended
	Mar. 31, 2016
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, 2016 and 2015, 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 - Acquisitions

Note 15 - Acquisitions	3 Months Ended
	Mar. 31, 2016
Notes
Note 15 - Acquisitions	NOTE 15 - ACQUISITIONS On March 29, 2015, the Company acquired a 50% interest in each of 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 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 March 31, 2015 US Korea Factory 1 Factory 2 (f/k/a/ Erum) ENTRIES Statements All numbers shown in US Dollars DR(CR) 3/31/2015 ASSETS Cash and cash equivalents $374 67853 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, 2016
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,"
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_ Sc

Note 3 - Earnings Per Share: Schedule of Earnings Per Share, Basic and Diluted (Tables)	3 Months Ended
	Mar. 31, 2016
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, 2016 and 2015: For the periods ended 3/31/2016 3/31/2015 Net Income (Loss) $(458,166) $(595,418) Weighted-average common stock Outstanding - basic 161,878,686 149,069,490 Equivalents Stock options - 0 Warrants - 0 Convertible Notes 0 902,520 Weighted-average common shares outstanding- Diluted 161,878,686 149,972,010

Note 7 - Commitments and Cont23

Note 7 - Commitments and Contingencies: Schedule of Future Minimum Rental Payments for Operating Leases (Tables)	3 Months Ended
	Mar. 31, 2016
Tables/Schedules
Schedule of Future Minimum Rental Payments for Operating Leases	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 period ending March 31, 2016 through December 31, 2018 are listed on the table below. For the Year Amount Ending 2016 $165,620 2017 101,249 2018 and beyond 0 Total Commitment $266,869

Note 8 - Inventories_ Schedule

Note 8 - Inventories: Schedule of Inventories (Tables)	3 Months Ended
	Mar. 31, 2016
Tables/Schedules
Schedule of Inventories	Inventories consist of the following: 31-Mar-16 31-Dec-15 US$ US$ Raw material $0 $0 Work in process 838,785 496,971 Finished goods 0 0 $838,785 $496,971

Note 9 - Property and Equipme25

Note 9 - Property and Equipment: Property, Plant and Equipment (Tables)	3 Months Ended
	Mar. 31, 2016
Tables/Schedules
Property, Plant and Equipment	Property and equipment consisted of the following: 31-Mar-16 31-Dec-15 Vehicles $146,268 $146,268 Tools 95,771 95,771 Office 109,447 109,447 Facility equipment 210,502 210,502 Total property and equipment 561,988 561,988 Accumulated depreciation (419,851) (398,987) Property and equipment, net $142,137 $163,001

Note 11 - Short Term Borrowin26

Note 11 - Short Term Borrowings and Notes Payable: Schedule of Short-term Debt (Tables)	3 Months Ended
	Mar. 31, 2016
Tables/Schedules
Schedule of Short-term Debt	As of March 31, 2016 the major components of our notes and borrowings consisted of the following: 3/31/16 Hana Bank six month note extended with 12 month term renewable periods with a variable interest rate currently at 3.65% interest only payable monthly and securred by the company. $62,883 Hana Bank six month note extended with 12 month term renewable periods with a variable interest rate currently at 6.24% interest only payable monthly. 76,479 KookMin Bank six month note extended with 12 month term renewable periods with a variable interest rate currently at 3.28% interest only payable monthly and securred by the company 84,977 Industrial Bank of Korea Bank four year note extended with 12 month extension fully amortizing with a variable interest rate currently at 3.83% payable monthly. 127,465 NH Bank six month note extended with 12 month term renewable periods with a variable interest rate currently at 7.25% interest only payable monthly. 7,954 Total Liabilities 359,757 Less current portion 264,158 Long tem debt $95,599

Note 12 - Income Taxes_ Schedul

Note 12 - Income Taxes: Schedule of Deferred Tax Assets (Tables)	3 Months Ended
	Mar. 31, 2016
Tables/Schedules
Schedule of Deferred Tax Assets	Total Deferred Tax Assets 8,781,220 Realization Allowance (8,781,220) Balance Recognized $-

Note 12 - Income Taxes_ Sched28

Note 12 - Income Taxes: Schedule of Effective Income Tax Rate Reconciliation (Tables)	3 Months Ended
	Mar. 31, 2016
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_ Sc

Note 13 - Intangible Assets: Schedule of Finite-Lived Intangible Assets (Tables)	3 Months Ended
	Mar. 31, 2016
Tables/Schedules
Schedule of Finite-Lived Intangible Assets	31-Mar-16 31-Dec-15 Patents $86,998 $63,554 Trademarks 277 277 Goodwill 3,057,003 3,057,003 Intangible assets 3,144,278 3,120,834 Less impairments 0 0 Intangible assets, net $3,144,278 $3,120,834

Note 15 - Acquisitions_ Schedul

Note 15 - Acquisitions: Schedule of Consolidated Assets, Liabilities, and Equity of Acquired Entities (Tables)	3 Months Ended
	Mar. 31, 2016
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 March 31, 2015 US Korea Factory 1 Factory 2 (f/k/a/ Erum) ENTRIES Statements All numbers shown in US Dollars DR(CR) 3/31/2015 ASSETS Cash and cash equivalents $374 67853 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 (De

Note 1 - Company Background (Details) - shares	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2010	Dec. 31, 2011
Common Stock
Conversion of Stock, Shares Issued	47,352,450
PDI | Housing Project In The Republic Of The Congo
Long Term Investment Percentage Of Investment Owned	10.00%
Leo BT Corp
Noncash or Part Noncash Acquisition, Interest Acquired		50.00%
Noncash or Part Noncash Acquisition, Noncash Financial or Equity Instrument Consideration, Shares Issued		7,000,000
Equity Method Investment, Ownership Percentage			30.00%
LGM Co. Ltd
Conversion of Stock, Shares Converted	813,747
Leo Motors Factory 1
Noncash or Part Noncash Acquisition, Interest Acquired	50.00%
Leo Trade
Noncash or Part Noncash Acquisition, Interest Acquired	50.00%

Note 3 - Earnings Per Share_ 32

Note 3 - Earnings Per Share: Schedule of Earnings Per Share, Basic and Diluted (Details) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Details
Net Income (Loss)	$ (458,166)	$ (595,418)
Weighted-average common stock Outstanding - basic	161,878,686	149,069,490
Equivalents
Stock options	0	0
Warrants	0	0
Convertible Notes	0	902,520
Weighted-average common shares outstanding - Diluted	161,878,686	149,972,010

Note 4 - Due To Related Party (

Note 4 - Due To Related Party (Details) - USD ($)	Mar. 31, 2016	Dec. 31, 2015	Mar. 31, 2015
Due to related parties	$ 136,887	$ 140,396	$ 116,617
Officer
Due to related parties	$ 136,887	$ 140,396

Note 5 - Payments Received in34

Note 5 - Payments Received in Advance (Details) - USD ($)	Mar. 31, 2016	Dec. 31, 2015	Mar. 31, 2015
Details
Prepayment to suppliers	$ 382,545	$ 279,229	$ 297,720

Note 7 - Commitments and Cont35

Note 7 - Commitments and Contingencies: Schedule of Future Minimum Rental Payments for Operating Leases (Details)	Mar. 31, 2016USD ($)
Details
2,016	$ 165,620
2,017	101,249
2018 and beyond	0
Total Commitment	$ 266,869

Note 7 - Commitments and Cont36

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

Note 8 - Inventories_ Schedul37

Note 8 - Inventories: Schedule of Inventories (Details) - USD ($)	Mar. 31, 2016	Dec. 31, 2015	Mar. 31, 2015
Details
Raw material	$ 0	$ 0
Work in process	838,785	496,971
Finished goods	0	0
Inventories	$ 838,785	$ 496,971	$ 295,159

Note 9 - Property and Equipme38

Note 9 - Property and Equipment: Property, Plant and Equipment (Details) - USD ($)	Mar. 31, 2016	Dec. 31, 2015	Mar. 31, 2015
Total property and equipment	$ 561,988	$ 561,988
Accumulated depreciation	(419,851)	(398,987)
Property and equipment, net	142,137	163,001	$ 185,984
Tools
Total property and equipment	95,771	95,771
Office
Total property and equipment	109,447	109,447
Facility Equipment
Total property and equipment	210,502	210,502
Vehicles
Total property and equipment	$ 146,268	$ 146,268

Note 9 - Property and Equipme39

Note 9 - Property and Equipment (Details) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Details
Depreciation	$ 20,864	$ 4,500

Note 10 - Investments (Details)

Note 10 - Investments (Details) - USD ($)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2012
Impairment of investment	$ 762,000
Housing Project In The Republic Of The Congo | PDI
Long-term Investments		$ 270,000

Note 11 - Short Term Borrowin41

Note 11 - Short Term Borrowings and Notes Payable (Details) - USD ($)	Mar. 31, 2016	Dec. 31, 2015	Mar. 31, 2015
Short term borrowings	$ 0	$ 7,661	$ 471,689
Note 1
Short term borrowings			$ 359,757

Note 11 - Short Term Borrowin42

Note 11 - Short Term Borrowings and Notes Payable: Schedule of Short-term Debt (Details) - USD ($)	Mar. 31, 2016	Dec. 31, 2015	Mar. 31, 2015
Notes Payable	$ 359,757
Notes Payable current portion	264,158	$ 49,397	$ 353,747
Notes payable long term	$ 95,599	$ 273,646	$ 327,701
Note 3
Debt Instrument, Interest Rate, Stated Percentage	3.65%
Notes Payable to Bank	$ 62,883
Note 4
Debt Instrument, Interest Rate, Stated Percentage	6.24%
Notes Payable to Bank	$ 76,479
Note 6
Debt Instrument, Interest Rate, Stated Percentage	3.28%
Notes Payable to Bank	$ 84,977
Note 7
Debt Instrument, Interest Rate, Stated Percentage	3.83%
Notes Payable to Bank	$ 127,465
Note 8
Debt Instrument, Interest Rate, Stated Percentage	7.25%
Notes Payable to Bank	$ 7,954

Note 12 - Income Taxes (Details

Note 12 - Income Taxes (Details)	3 Months Ended
	Mar. 31, 2016USD ($)
Details
Operating Loss Carryforwards	$ 25,827,119
Valuation reserve increase	$ 155,766

Note 12 - Income Taxes_ Sched44

Note 12 - Income Taxes: Schedule of Deferred Tax Assets (Details)	Mar. 31, 2016USD ($)
Details
Deferred Tax Assets	$ 8,781,220
Realization Allowance	(8,781,220)
Balance Recognized	$ 0

Note 12 - Income Taxes_ Sched45

Note 12 - Income Taxes: Schedule of Effective Income Tax Rate Reconciliation (Details)	3 Months Ended
	Mar. 31, 2016
Details
Statutory Federal Rate	34.00%
Effect of Valuation Allowance	(34.00%)
Effective Rate	0.00%

Note 13 - Intangible Assets_ 46

Note 13 - Intangible Assets: Schedule of Finite-Lived Intangible Assets (Details) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Details
Patents	$ 86,998	$ 63,554
Trademarks	277	277
Goodwill	3,057,003	3,057,003
Intangible assets	3,144,278	3,120,834
Less: impairments	0	0
Intangible assets, net	$ 3,144,278	$ 3,120,834

Note 15 - Acquisitions (Details

Note 15 - Acquisitions (Details)	3 Months Ended
	Mar. 31, 2016
Leo Motors Factory 1
Noncash or Part Noncash Acquisition, Interest Acquired	50.00%
Leo Trade
Noncash or Part Noncash Acquisition, Interest Acquired	50.00%

Note 15 - Acquisitions_ Sched48

Note 15 - Acquisitions: Schedule of Consolidated Assets, Liabilities, and Equity of Acquired Entities (Details) - USD ($)	Mar. 31, 2016	Dec. 31, 2015	Mar. 31, 2015	Dec. 31, 2014
Assets
Cash and cash equivalents	$ 130,874	$ 243,809	$ 466,458	$ 217,178
Accounts receivable	1,015,447	1,565,114	952,378
Inventories	838,785	496,971	295,159
Prepayment to suppliers	382,545	279,229	297,720
Other current assets	199,073	32,107	228,192
Total Current Assets	2,566,724	2,617,230	2,239,907
Fixed assets, net	142,137	163,001	185,984
Deposit	346,255	346,659	227,896
Intangible assets	87,275	63,831	63,831
Goodwill	3,057,003	3,057,003	3,057,003
Investments in Subsidiaries			0
Total Non-Current Assets			3,534,714
Total Assets	6,199,394	6,247,724	5,774,621
Current Liabilities:
Accounts payable and accrued expenses	3,748,487	4,082,198	3,313,266
Short term borrowings	0	7,661	471,689
Advance from customers	496,385	795,431	44,035
Due to related parties	136,887	140,396	116,617
Taxes payable	155,151	99,584	241,021
Notes Payable current portion	264,158	49,397	353,747
Total Current Liabilities	4,801,068	5,174,667	4,540,375
Long Term Notes	95,599	273,646	327,701
Accrued severance benefits	96,518	92,948	2,075
Total Liabilities	5,189,764	5,671,009	4,870,151
Leo Motors, Inc.("LEOM") Equity(Deficit):
Common stock	163,199	158,949	154,144
Additional paid-in capital	20,990,286	20,367,272	19,396,940
Accumulated other comprehensive income	1,329,240	1,251,120	507,974
Accumulated loss	(25,827,119)	(25,404,609)	(21,883,963)
Total Equity(Deficit) Leo Motors, Inc.	(3,344,394)	(3,627,268)	(1,824,905)
Non-controlling interest	4,354,024	4,203,983	2,729,375
Total Equity(Deficit)	1,009,630	576,715	904,470
Total Liabilities and Equity(Deficit)	$ 6,199,394	$ 6,247,724	5,774,621
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)