Focus Universal Inc. Annual report pursuant to Section 13 and 15(d)

Property and Equipment

12 Months Ended

Dec. 31, 2022

Note 6 – Property and Equipment

At December 31, 2022 and 2021, property and equipment consisted of the following:

Schedule of property and equipment
	December 31, 2022			December 31, 2021
Warehouse	$	3,789,773		$	3,789,773
Land		731,515			731,515
Building improvement		240,256			238,666
Furniture and fixture		37,785			27,631
Equipment		101,076			71,368
Software		1,995			1,995
Total cost		4,902,400			4,860,948
Less accumulated depreciation		(673,770	)		(507,608	)
Property and equipment, net	$	4,228,630		$	4,353,340

Depreciation expense for the years ended December 31, 2022 and 2021 amounted to $166,266 and $162,160, respectively.