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

Segment reporting (Tables)

9 Months Ended

Sep. 30, 2022

Segment Reporting

	Nine Months Ended September 30, 2022
	Corporate			Perfecular			AVX			Total

Revenue	$	–		$	49,094		$	193,581		$	242,675
Revenue - related party		–			31,542			8,246			39,788
Total revenue		–			80,636			201,827			282,463

Cost of revenue		–			70,869			172,135			243,004

Gross Profit		–			9,767			29,692			39,459

Operating Expenses
Selling expense		–			123,117			9,754			132,871
Compensation - officers and directors		144,040			–			–			144,040
Research and development		862,214			–			–			862,214
Professional fees		673,380			–			12,770			686,150
General and administrative		621,931			1,503,747			191,681			2,317,359
Total Cost and Operating Expenses		2,301,565			1,626,864			214,205			4,142,634

Loss from Operations		(2,301,565	)		(1,617,097	)		(184,513	)		(4,103,175	)

Other Income (Expense):
Interest income (expense), net		853			(288	)		2,320			2,885
Unrealized loss on marketable equity securities		(32,525	)		–			–			(32,525	)
Realized loss on marketable equity securities		(21,205	)		–			–			(21,205	)
Other income (expense), net		130,162			160,117			(8,506	)		281,773
Total other income (expense)		77,285			159,829			(6,186	)		230,928

Loss before income taxes		(2,224,280	)		(1,457,268	)		(190,699	)		(3,872,247	)

Tax expense		–			–			–			–

Net Loss	$	(2,224,280	)	$	(1,457,268	)	$	(190,699	)	$	(3,872,247	)