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

16. Segment reporting (Tables)

3 Months Ended

12 Months Ended

Mar. 31, 2021

Dec. 31, 2020

The table below discloses income statement information by segment.

	Three months ended March 31, 2021
	Focus			AVX			Total

Revenue	$	313,530		$	39,742		$	353,272
Revenue - related party		10,191			–			10,191
Total revenue		323,721			39,742			363,463

Cost of Revenue		254,223			38,040			292,263

Gross Profit		69,498			1,702			71,200

Operating Expenses:
Selling		332			180			512
Compensation - officers		39,100			–			39,100
Research and development		63,150			–			63,150
Professional fees		376,633			914			377,547
General and administrative		239,513			70,571			310,084
Total Operating Expenses		718,728			71,665			790,393

Loss from Operations		(649,230	)		(69,963	)		(719,193	)

Other Income (Expense):
Interest income (expense), net		(6,670	)		(863	)		(7,533	)
Interest (expense) – related party		–			–			–
Other income (expense), net		45,385			(1,175	)		44,210
Total other income (expense)		38,715			(2,038	)		36,677

Loss before income taxes		(610, 515			(72,003	)		(682,516	)

Tax expense		–			–			–

Net Loss	$	(610,515	)	$	(72,003	)	$	(682,516	)

	Year ended December 31, 2020
	Focus			AVX			Total

Revenue	$	946,641		$	705,877		$	1,652,518
Revenue - related party		26,449			–			26,449
Total revenue		973,090			705,877			1,678,967

Cost of Revenue		728,597			666,590			1,395,187

Gross Profit		244,493			39,287			283,780

Operating Expenses:
Selling		13,650			8,940			22,590
Compensation - officers		142,100			–			142,100
Research and development		256,636			–			256,636
Professional fees		1,291,729			5,431			1,297,160
General and administrative		959,426			309,781			1,269,207
Total Operating Expenses		2,663,541			324,152			2,987,693

Loss from Operations		(2,419,048	)		(284,865	)		(2,703,913	)

Other Income (Expense):
Interest income (expense), net		(2,073	)		(1,999	)		(4,072	)
Interest (expense) – related party		(81	)		–			(81	)
Other income		154,194			16,759			170,953
Total other income (expense)		152,040			14,760			166,800

Loss before income taxes		(2,267,008	)		(270,105	)		(2,537,113	)

Tax expense		–			–			–

Net Loss	$	(2,267,008	)	$	(270,105	)	$	(2,537,113	)