I want to use Latch Flip Flops and then Leds.
Good idea.With the addition of more logic gates you can expand this to 3 or 4 stage multiplexing.
The diodes are never reverse biased. The anode connects to the 100k resistor that is connected to the positive supply. When the cathode is high then the diodes do nothing but when the cathode is low then the diode conducts and makes its anode low.
Look at the 3rd CD4017 U4, its Inhibit pin13 is grounded so that it always counts.
EDIT: A CD4017 is Cmos. A Cmos IC CLOCK pin or any other input draws NO current.
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