Greetings and welcome to the Leatt Corporation Annual General Meeting. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. If anyone should require operator assistance during the conference, please press star zero on your telephone keypad. As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Michael Mason, Investor Relations. Thank you, sir. You may begin. Thank you very much. Hello, everyone. Thank you for joining us today. I'm Michael Mason, Principal of Alex Capital, LLC, the company's investor relations firm. Welcome to the 2024 annual meeting of the stockholders of Leatt Corporation. On or about May 19, 2025, the company notified its stockholders of this 2024 annual meeting and provided instructions on how to participate. The management of Leatt Corporation is remotely hosting this meeting and is being held at 3001 Washington Boulevard, Suite 400, Arlington, Virginia 22201 on today, July 1, 2025, at 10:00 A.M. Eastern Time, as well as via conference call and audio webcast. A June 30, 2025 press release instructed conference call participants to access the call 10 minutes before the scheduled time by calling 1-877-407-9716 in the U.S. or 1-201-493-6779 for international callers. There is also a simultaneously live webcast of the meeting on the company's website at leatt-corp.com, where participants were instructed to register approximately 10 minutes prior to the start of the webcast. An audio replay of the conference call will be available for seven days and can be accessed by dialing 1-844-512-2921 for U.S. callers or 412-317-6671 for international callers. The passcode is 13754669. For those who are unavailable to attend, the live webcast of the meeting will be archived on the company's website for 30 days following the meeting. Stockholders of record as of May 14, 2025, have the right to vote at and attend today's meeting. Details on the matters to be considered are discussed in the company's proxy statement filed with the SEC on May 19, 2025. I would now like to turn the call over to Mr. Sean MacDonald, CEO of Leatt Corporation. Good afternoon to you, Sean. Ladies and gentlemen, I am Sean MacDonald, Chief Executive Officer and Chief Financial Officer of Leatt Corporation, and I am chairing the meeting today remotely from Cape Town. Since it is now 10:00 A.M. Eastern Daylight Time, I hereby call this annual meeting of stockholders to order. It is my pleasure to welcome you to the meeting. The meeting will consist of three parts. First, we will summarize and entertain formal nominations of the two proposals, followed by a question period to address any stockholder questions regarding the proposals, and then we will vote on the proposals. I would like to introduce the other officers and directors of the company who are present via teleconference. With me in Cape Town is Dr. Christopher Leatt, our Chairman and Research and Development Consultant, and Mr. Jeffrey Guzy, our Director and Audit Committee Chair, has joined the meeting in person in Washington, DC. Also present in person is Lou Mascarella, who will serve as the independent inspector of the meeting. Ms. Dawn Clarke Ducouvy, the company's US Securities Consultant, will act as Secretary of the meeting. At this meeting, we will vote on two proposals: one, the election of directors, and two, the ratification of the selection of M&K CPAs, PLLC, as the company's independent auditors for the fiscal year ending December 31, 2025, as disclosed in our proxy statement filed on May 19, 2025, of this year. In calling the meeting, the Board of Directors adopted resolutions providing that the meeting be held today and fix the close of business on May 14, 2025, as the record date for the determination of stockholders entitled to notice of and to vote at the meeting. Now, I will perform some of the corporate formalities relating to the meeting. I submit the affidavit of mailing of Emily W., an employee of Issuer Direct Corporation, our designated mailing service, as to the due and proper mailing of the proxy materials to each stockholder of record as of the close of business on May 14, 2025, Exhibit A. I also submit a list of the stockholders of the company as of the record date, as certified by Issuer Direct Corporation, our transfer agent. The list sets forth each stockholder's address and holdings as they appear on the record of our transfer agent. As of the record date, there were 6,217,550 shares of our common stock outstanding and 120,000 shares of our preferred stock issued and outstanding and entitled to vote, Exhibit D. Each share of common stock is entitled to one vote on the matters presented to this meeting, and each share of preferred stock is entitled to 100 votes. Pursuant to the company's bylaws, Mr. Lou Mascarella has been appointed to act as the meeting's inspector of election. Mr. Mascarella has executed an oath to carry out his duties impartially and to the best of his ability. The oath will be presented and filed with the minutes of this meeting. Mr. Mascarella will collect the proxies and pass upon their validity, distribute and collect the ballots, and count the votes. I hereby present the meeting inspector's oath of balance signed on Mr. Mascarella, Exhibit C, with the inspector providing count of the stockholders present in person or by proxy. Hello, this is Lou. A preliminary count indicates the presence of a quorum. I am in the process of completing a count of all stockholders present and will render an exact report at the end of the meeting. If any stockholder has a proxy and has not yet submitted it, please give it to me. Since the quorum is present, the stockholders will consider the two proposals. I will introduce each proposal separately, then I will take any questions on that proposal, after which we will vote on them. The first proposal is the election of three directors. Management's slate consists of Dr. Christopher Leatt, Mr. Jeffrey Joseph Guzy, and yours truly, Sean MacDonald. Are there any other nominations? If not, the nominations are closed. Mr. Leatt, Mr. Chairman, as a stockholder of Leatt Corporation, I hereby nominate management's slate as directors of the company. Jeffrey Guzy, I second the motion. We will now consider the second proposal, which is to ratify the selection of M&K as the company's independent registered public accounting firm for the year end of December 31, 2025. Mr. Leatt, as a shareholder of Leatt Corporation, I hereby move for the ratification of management's selection of M&K as the company's independent registered public accounting firm. Jeffrey Guzy, I second the motion. We will now pause for a brief period for any questions you may have on these proposals. If there are no further questions, the inspector of election will distribute a ballot to any stockholder present who has not previously voted by proxy so that they may commence voting on the proposals. The polls will remain open as long as necessary to receive the ballots. Would the inspector of election now please tabulate the ballots and provide us with his report on the votes cast? Thank you, Sean. As the inspector of election, I report that 14,652,444 shares of common stock, including 96,000 shares of preferred stock voting with the common, are represented at this meeting. The number of votes cast constitutes 80.43% of the company's outstanding shares as at the record date. I will now provide a breakdown on the voting for each proposal, Exhibit D. In voting for the election of directors, I report that the following votes were cast in favor of the election of each director. Dr. Christopher Leatt, 14,627,929 votes representing 99.83% of the total votes cast at the meeting and 80.30% of the company's issued and outstanding common stock, including preferred shares voting as common. Mr. Sean MacDonald, 14,627,929 votes representing 99.83% of the total votes cast at the meeting and 80.30% of the company's issued and outstanding common stock, including preferred shares voting as common. Mr. Jeffrey J. Guzy, 14,644,429 votes representing 99.95% of the total votes cast at the meeting and 80.39% of the company's issued and outstanding common stock, including preferred shares voting as common. Thank you, Lou. Dr. Christopher Leatt, Mr. Jeffrey Joseph Guzy, and yours truly, Sean MacDonald, have been elected to serve as directors of the company. In voting for the ratification of the selection of M&K as the company's independent registered public accounting firm for the fiscal year ending December 31, 2025, I report that 14,652,444 of the votes were cast for the ratification of M&K. The votes represented 100% of the votes cast and 80.43% of the company's issued and outstanding common stock, including preferred shares voting as common. Thank you, Lou. The selection of M&K as the company's independent registered public accounting firm has been ratified. There being no further business, I will now entertain a motion to adjourn this meeting. Mr. Leatt, I move that the meeting be adjourned. Jeffrey Guzy, I second the motion. Ladies and gentlemen, this does conclude today's teleconference. You may disconnect your lines at this time. Thank you for your participation and have a wonderful day.