General form of registration statement for all companies including face-amount certificate companies

16. Segment reporting (Tables)

v3.20.4
16. Segment reporting (Tables)
9 Months Ended 12 Months Ended
Sep. 30, 2020
Dec. 31, 2019
Segment Reporting [Abstract]    
Segment information table

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 )