Focus Universal Inc. General form of registration statement for all companies including face-amount certificate companies

16. Segment reporting (Tables)

9 Months Ended

12 Months Ended

Sep. 30, 2020

Dec. 31, 2019

The table below discloses income statement information by segment.

	Nine months ended September 30, 2020
	Focus			AVX			Total

Revenue	$	667,443		$	600,450		$	1,267,893
Revenue - related party		21,267			–			21,267
Total revenue		688,710			600,450			1,289,160

Cost of Revenue		492,533			543,067			1,035,600

Gross Profit		196,177			57,383			253,560

Operating Expenses:
Selling		8,936			8,760			17,696
Compensation - officers		102,000			–			102,000
Research and development		194,232			–			194,232
Professional fees		1,066,525			4,844			1,071,369
General and administrative		729,186			244,939			974,125
Total Operating Expenses		2,100,879			258,543			2,359,422

Loss from Operations		(1,904,702	)		(201,160	)		(2,105,862	)

Other Income (Expense):
Interest income (expense), net		(994	)		(849	)		(1,843	)
Interest (expense) – related party		(81	)		–			(81	)
Other income		113,706			5,747			119,453
Total other income (expense)		112,631			4,898			117,729

Loss before income taxes		(1,792,071	)		(196,262	)		(1,988,333	)

Tax expense		–			–			–

Net Loss	$	(1,792,071	)	$	(196,262	)	$	(1,988,333	)

	Year ended December 31, 2019
	Focus			AVX			Total

Revenue	$	628,953		$	817,233		$	1,446,186
Revenue - related party		14,184			–			14,184
Total revenue		643,137			817,233			1,460,370

Cost of Revenue		461,076			881,063			1,342,139

Gross Profit		182,061			(63,830	)		118,231

Operation Expenses:
Selling		23,907			22,717			46,624
Compensation - officers		150,154			–			150,154
Research and development		255,232			–			255,232
Professional fees		1,370,262			6,733			1,376,995
General and administrative		835,999			277,202			1,113,201
Goodwill impairment		458,490			–			458,490
Intangible assets impairment		47,975			–			47,975
Total Operating Expenses		3,142,019			306,652			3,448,671

Loss from Operations		(2,959,958	)		(370,482	)		(3,330,440	)

Other Income (Expense)
Interest income (expense), net		2,273			(16	)		2,257
Interest (expense) – related party		(1,750	)		–			(1,750	)
Other income		154,390			–			154,390
Total other income (expense)		154,913			(16	)		154,897

Loss before income taxes		(2,805,045	)		(370,498	)		(3,175,543	)

Tax expense		–			–			–

Net Loss	$	(2,805,045	)	$	(370,498	)	$	(3,175,543	)