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

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

Cover
- Document and Entity Information
Financial Statements
Notes to Financial Statements
Accounting Policies
- 2. Summary of Significant Accounting Policies (Policies)
Notes Tables
Notes Details

13. Loans (Details - Narrative)

v3.21.1

13. Loans (Details - Narrative) - USD ($)	2 Months Ended		3 Months Ended		4 Months Ended			5 Months Ended		6 Months Ended	12 Months Ended
13. Loans (Details - Narrative) - USD ($)	Mar. 10, 2021	Mar. 02, 2021	Mar. 31, 2021	Mar. 31, 2020	May 04, 2020	Apr. 24, 2020	Apr. 21, 2020	Jun. 05, 2020	Jun. 04, 2020	Jun. 16, 2020	Dec. 31, 2020	Dec. 31, 2019
Proceeds from loans			$ 267,297	$ 0							$ 396,860	$ 0
Interest expense incurred from loans amount			$ 7,565	$ 0							$ 4,746
EIDL [Member]
Other income							$ 9,000			$ 10,000
AVX Design & Integration [Member] \| PPP Loan [Member]
Proceeds from loans	$ 108,750
Interest rate	0.98%
Term	5 years
AVX Design & Integration [Member] \| PPP Loan [Member] \| JPMorgan Chase Bank [Member]
Proceeds from loans						$ 107,460
Interest rate						0.98%
Term						2 years
AVX Design & Integration [Member] \| SBA Loan [Member] \| JPMorgan Chase Bank [Member]
Proceeds from loans								$ 56,800
Interest rate								3.75%
Term								30 years
Perfecular [Member] \| PPP Loan [Member] \| Bank of America [Member]
Proceeds from loans					$ 151,500
Interest rate					1.00%
Term					2 years
Perfecular [Member] \| PPP Loan [Member] \| Wells Fargo Bank [Member]
Proceeds from loans		$ 158,547
Interest rate		1.00%
Term		2 years
Perfecular [Member] \| SBA Loan [Member] \| Wells Fargo Bank [Member]
Proceeds from loans									$ 81,100
Interest rate									3.75%
Term									30 years

- Definition

The average effective interest rate during the reporting period.

+ References

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+ References

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- Definition

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