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

Property and Equipment

12 Months Ended

Dec. 31, 2023

Note 5 – Property and Equipment

At December 31, 2023 and 2022, property and equipment consisted of the following:

Schedule of property and equipment
	December 31, 2023			December 31, 2022
Warehouse	$	3,789,773		$	3,789,773
Land		731,515			731,515
Building improvement		240,256			240,256
Furniture and fixture		39,223			37,785
Equipment		119,556			101,076
Software		1,995			1,995
Total cost		4,922,318			4,902,400
Less accumulated depreciation		(841,655	)		(673,770	)
Property and equipment, net	$	4,080,663		$	4,228,630

Depreciation expense for the years ended December 31, 2023 and 2022 amounted to $167,983 and $166,266, respectively.