Focus Universal Inc. Quarterly report pursuant to Section 13 or 15(d)

8. Condensed Financial Information of Focus (Tables)

3 Months Ended

Mar. 31, 2016

	March 31,			December 31,
	2016			2015
	(Unaudited)			(Audited)

ASSETS
Current Assets:
Cash and cash equivalents	$	8,957		$	5,681
Prepaid expenses		11,866			14,961
Total Current Assets		20,823			20,642

Property and equipment, net		1,326			1,408

Other Assets:
Investment in Perfecular Inc.		606,268			669,433
Deposits		24,726			24,726
Total Assets	$	653,143		$	716,209


LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities:
Accounts payable and accrued liabilities	$	3,941		$	5,745
Due to Perfecular Inc.		232,749			177,749
Income taxes payable					800
Total Current Liabilities		236,690			184,294

Noncurrent Liabilities:
Deferred rent		1,253			911
Total Liabilities		237,943			185,205

Stockholders' Equity:
Common stock, par value $0.001 per share,
75,000,000 shares authorized; 34,574,706
and shares issued and outstanding
as of December 31, 2015		34,575			34,575
Additional paid-in capital		713,239			713,239
Accumulated deficit		(332,614	)		(216,810	)
Total stockholders' equity		415,200			531,004

Total Liabilities and Stockholders' Equity:	$	653,143		$	716,209

	Three Months			Three Months
	Ended			Ended
	March 31			March 31
	2016			2015

Revenue	$	1,780		$

Cost of Revenue		2,025			1,700

Gross Profit		(245	)		(1,700	)


Operation Expenses:
General and administrative		17,078			6,086
Professional fees		35,066			27,785
Total Operating Expenses		52,144			33,871

Loss from Operations		(52,389	)		(35,571	)

Other Income(Expense):
Interest expense, net
Loss from investment in Perfecular Inc.		(63,165	)
Other expense		(250	)
Total Other (Expense) Income		(63,415	)

Loss before income taxes		(115,804	)		(35,571	)

Income tax provision

Net Loss	$	(115,804	))	$	(35,571	)