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

9. Pro Forma Consolidated Statements of Operations (Tables) (2016-06-30 Note)

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9. Pro Forma Consolidated Statements of Operations (Tables) (2016-06-30 Note)
 6 Months Ended
Jun. 30, 2016
Business Combinations [Abstract]  
Pro Forma Consolidated Statements of Operations

FOCUS UNIVERSAL INC.

 

PRO FORMA CONSOLIDATING STATEMENTS OF OPERATIONS

 

FOR THREE MONTHS ENDED JUNE 30, 2015

 

 

    FOCUS UNIVERSAL
INC.		     PERFECULAR INC.     PRO FORMA        
    HISTORICAL     HISTORICAL     ADJUSTMENTS     TOTALS  
                         
Revenue   $ 2,008     $ 112,261     $ –     $ 114,269  
                                 
Cost of Revenue     2,025       10,944       –       12,969  
                                 
Gross Profit (Loss)     (17 )     101,317       –       101,300  
                                 
                                 
Operation Expenses:                                
Compensation - officers     –       –       30,000       30,000  
General and administrative     21,639       42,252       (10,000 )     53,891  
Professional fees     13,048       11,800       –       24,848  
Research and development     –       76,375       (30,000 )     46,375  
Total Operating Expenses     34,687       130,427       (10,000 )     155,114  
                                 
Loss from Operations     (34,704 )     (29,110 )     10,000       (53,814 )
                                 
Other Income (Expense):                                
Interest expense, net     (1,473 )     (3,598 )     –       (5,071 )
Other income     10,000       –       (10,000 )     –  
Total Other (Expense) Income     8,527       (3,598 )     (10,000 )     (5,071 )
                                 
Loss before income taxes     (26,177 )     (32,708 )     –       (58,885 )
                                 
Income tax provision     –       –       –       –  
                                 
Net Loss   $ (26,177 )   $ (32,708 )   $ –     $ (58,885 )

 

 

FOCUS UNIVERSAL INC.

 

PRO FORMA CONSOLIDATING STATEMENTS OF OPERATIONS

 

FOR SIX MONTHS ENDED JUNE 30, 2015

 

 

    FOCUS UNIVERSAL INC.     PERFECULAR INC.     PRO FORMA        
    HISTORICAL     HISTORICAL     ADJUSTMENTS     TOTALS  
                         
Revenue   $ 2,008       157,991       –       159,999  
                                 
Cost of Revenue     3,725       26,831       –       30,556  
                                 
Gross Profit (Loss)     (1,717 )     131,160       –       129,443  
                                 
                                 
Operation Expenses:                                
Compensation - officers     –       –       45,250       45,250  
General and administrative     27,725       85,062       (10,000 )     102,787  
Professional fees     40,833       12,555       –       53,388  
Research and development     –       233,850       (45,250 )     188,600  
Total Operating Expenses     68,558       331,467       (10,000 )     390,025  
                                 
Loss from Operations     (70,275 )     (200,307 )     10,000       (260,582 )
                                 
Other Income (Expense):                                
Interest expense, net     (1,473 )     (8,579 )     –       (10,052 )
Other income     10,000       –       (10,000 )     –  
Total Other (Expense) Income     8,527       (8,579 )     (10,000 )     (10,052 )
                                 
Loss before income taxes     (61,748 )     (208,886 )     –       (270,634 )
                                 
Income tax provision     –       –       –       –  
                                 
Net Loss   $ (61,748 )     (208,886 )     –       (270,634 )

 

 

FOCUS UNIVERSAL INC. AND SUBSIDIARY

 UNAUDITED PRO FORMA CONSOLIDATED STATEMENT OF OPERATIONS

FOR NINE MONTHS ENDED DECEMBER 31, 2015

       

 

    FOCUS     PERFECULAR              
    UNIVERSAL INC.     INC.     PRO FORMA        
    HISTORICAL     HISTORICAL     ADJUSTMENTS     TOTAL  
                         
Revenue   $ 17,848     $ 366,939             $ 384,787  
                                 
Cost of Revenue     6,075       115,874               121,949  
                                 
Gross Profit (Loss)     11,773       251,065               262,838  
                                 
Operation Expenses:                                
Compensation - officers     –       90,000               90,000  
General and administrative     45,517       138,293               183,810  
Professional fees     71,153       19,373               90,526  
Research and development     –       113,451               113,451  
Total Operating Expenses     116,670       361,117               477,787  
                                 
Loss from Operations     (104,897 )     (110,052 )             (214,949 )
                                 
Other Expense:                                
Interest expense, net     (3,918 )     (4,679 )             (8,597 )
Other income     –       72,687               72,687  
Other expense     –       (2,372 )             (2,372 )
Total Other Expense     (3,918 )     65,636               61,718  
                                 
Loss before income taxes     (108,815 )     (44,416 )             (153,231 )
                                 
Income tax provision     800       800               1,600  
                                 
Net Loss   $ (109,615 )   $ (45,216 )           $ (154,831 )

 

 

FOCUS UNIVERSAL INC. AND SUBSIDIARY

UNAUDITED PRO FORMA CONSOLIDATED BALANCE SHEET

AS OF DECEMBER 31, 2014

 

    FOCUS     PERFECULAR              
    UNIVERSAL INC.     INC.     PRO FORMA        
    HISTORICAL     HISTORICAL     ADJUSTMENTS     TOTAL  
ASSETS                                
Current Assets:                                
Cash and cash equivalents   $ 136     $ 43,257             $ 43,393  
Accounts receivable     –       40,281               40,281  
Inventories     –       42,105               42,105  
Prepaid expenses     6,846       1,048               7,894  
Due from shareholder     –       394,872               394,872  
Total Current Assets     6,982       521,563               528,545  
                                 
Other Assets:                                
Deposits     –       1,590               1,590  
Investment     11,688       –   (b)   (11,688 )     –  
                                 
Total Assets   $ 18,670     $ 523,153             $ 530,135  
                                 
LIABILITIES AND STOCKHOLDERS' DEFICIT                                
Current Liabilities:                                
Accounts payable   $ 225     $ 265,508             $ 265,733  
Accrued expense     –       14,309               14,309  
Loan from related party     –       344,658               344,658  
Customer deposit     –       35,663               35,663  
Total Current Liabilities     225       660,138               660,363  
Total Liabilities     225       660,138               660,363  
                                 
Commitments and Contingencies                                
                                 
Stockholders' Deficit                                
Common stock, par value $0.001 per share, 75,000,000 shares authorized; 7,069,000 shares issued and outstanding     7,068       300,000   (a)   (300,000 )     7,068  
Additional paid-in capital     83,001       –               83,001  
Accumulated deficit     (71,624 )     (436,985 ) (b)   288,312       (220,297 )
Total stockholders' Deficit     18,445       (136,985 )             (130,228 )
                                 
Total Liabilities and Stockholders' Deficit   $ 18,670     $ 523,153             $ 530,135  

 

Note - Pro Forma Adjustments:

(a) 300,000 common shares cancelled in respect to the agreement of merger.

(b) Eliminating accumulated deficit and net equity for consolidating purpose.        

 

FOCUS UNIVERSAL INC. AND SUBSIDIARY

UNAUDITED PRO FORMA CONSOLIDATED STATEMENT OF OPERATIONS

FOR NINE MONTHS ENDED DECEMBER 31, 2014

 

    FOCUS     PERFECULAR              
    UNIVERSAL INC.     INC.     PRO FORMA        
    HISTORICAL     HISTORICAL     ADJUSTMENTS     TOTAL  
                         
                         
                         
Revenue   $ 20,150     $ 283,455             $ 303,605  
                                 
Cost of Revenue     9,000       108,430               117,430  
                                 
Gross Profit (Loss)     11,150       175,025               186,175  
                                 
Operation Expenses:                                
General and administrative     59,920       132,642               192,562  
Research and development     –       183,389               183,389  
Total Operating Expenses     59,920       316,031               375,951  
                                 
Loss from Operations     (48,770 )     (141,006 )             (189,776 )
                                 
Other Expense:                                
Interest expense, net     –       (6,867 )             (6,867 )
Total Other Expense     –       (6,867 )             (6,867 )
                                 
Loss before income taxes     (48,770 )     (147,873 )             (196,643 )
                                 
Income tax provision     –       800               800  
                                 
Net Loss   $ (48,770 )   $ (148,673 )           $ (197,443 )