Pro Forma Consolidated Statements of Operations |
FOCUS
UNIVERSAL INC.
UNAUDITED
PRO FORMA CONSOLIDATING STATEMENTS OF OPERATIONS
FOR
THREE MONTHS ENDED SEPTEMBER 30, 2015
|
|
FOCUS UNIVERSAL INC. |
|
|
PERFECULAR INC. |
|
|
PRO FORMA |
|
|
|
|
|
|
HISTORICAL |
|
|
HISTORICAL |
|
|
ADJUSTMENTS |
|
|
TOTALS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenue |
|
$ |
9,630 |
|
|
$ |
138,973 |
|
|
$ |
– |
|
|
$ |
148,603 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of Revenue |
|
|
2,025 |
|
|
|
64,027 |
|
|
|
– |
|
|
|
66,052 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross Profit (Loss) |
|
|
7,605 |
|
|
|
74,946 |
|
|
|
– |
|
|
|
82,551 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operation Expenses: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Compensation - officers |
|
|
– |
|
|
|
– |
|
|
|
30,000 |
|
|
|
30,000 |
|
General and administrative |
|
|
16,050 |
|
|
|
46,736 |
|
|
|
– |
|
|
|
62,786 |
|
Professional fees |
|
|
28,370 |
|
|
|
1,530 |
|
|
|
– |
|
|
|
29,900 |
|
Research and development |
|
|
– |
|
|
|
74,023 |
|
|
|
(30,000 |
) |
|
|
44,023 |
|
Total Operating Expenses |
|
|
44,420 |
|
|
|
122,289 |
|
|
|
– |
|
|
|
166,709 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loss from Operations |
|
|
(36,815 |
) |
|
|
(47,343 |
) |
|
|
– |
|
|
|
(84,158 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Income (Expense): |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest income, net |
|
|
(1,878 |
) |
|
|
(622 |
) |
|
|
– |
|
|
|
(2,500 |
) |
Total Other (Expense) Income |
|
|
(1,878 |
) |
|
|
(622 |
) |
|
|
– |
|
|
|
(2,500 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loss before income taxes |
|
|
(38,693 |
) |
|
|
(47,965 |
) |
|
|
– |
|
|
|
(86,658 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income tax provision |
|
|
800 |
|
|
|
– |
|
|
|
– |
|
|
|
800 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Loss |
|
$ |
(39,493 |
) |
|
$ |
(47,965 |
) |
|
$ |
– |
|
|
$ |
(87,458 |
) |
FOCUS
UNIVERSAL INC.
UNAUDITED
PRO FORMA CONSOLIDATING STATEMENTS OF OPERATIONS
FOR
NINE MONTHS ENDED SEPTEMBER 30, 2015
|
|
FOCUS UNIVERSAL INC. |
|
|
PERFECULAR INC. |
|
|
PRO FORMA |
|
|
|
|
|
|
HISTORICAL |
|
|
HISTORICAL |
|
|
ADJUSTMENTS |
|
|
TOTALS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenue |
|
$ |
11,638 |
|
|
|
296,964 |
|
|
|
– |
|
|
|
308,602 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cost of Revenue |
|
|
5,750 |
|
|
|
93,781 |
|
|
|
– |
|
|
|
99,531 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross Profit (Loss) |
|
|
5,888 |
|
|
|
203,183 |
|
|
|
– |
|
|
|
209,071 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operation Expenses: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Compensation - officers |
|
|
– |
|
|
|
– |
|
|
|
75,250 |
|
|
|
75,250 |
|
General and administrative |
|
|
43,775 |
|
|
|
128,877 |
|
|
|
(10,000 |
) |
|
|
162,652 |
|
Professional fees |
|
|
69,203 |
|
|
|
14,085 |
|
|
|
– |
|
|
|
83,288 |
|
Research and development |
|
|
– |
|
|
|
307,872 |
|
|
|
(75,250 |
) |
|
|
232,622 |
|
Total Operating Expenses |
|
|
112,978 |
|
|
|
450,834 |
|
|
|
(10,000 |
) |
|
|
553,812 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loss from Operations |
|
|
(107,090 |
) |
|
|
(247,651 |
) |
|
|
10,000 |
|
|
|
(344,741 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other Income (Expense): |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest expense, net |
|
|
(3,351 |
) |
|
|
(9,202 |
) |
|
|
– |
|
|
|
(12,553 |
) |
Other income |
|
|
10,000 |
|
|
|
– |
|
|
|
(10,000 |
) |
|
|
– |
|
Other expense |
|
|
– |
|
|
|
– |
|
|
|
– |
|
|
|
– |
|
Total Other (Expense) Income |
|
|
6,649 |
|
|
|
(9,202 |
) |
|
|
(10,000 |
) |
|
|
(12,553 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Loss before income taxes |
|
|
(100,441 |
) |
|
|
(256,853 |
) |
|
|
– |
|
|
|
(357,294 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income tax provision |
|
|
800 |
|
|
|
– |
|
|
|
– |
|
|
|
800 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Loss |
|
$ |
(101,241 |
) |
|
|
(256,853 |
) |
|
|
– |
|
|
|
(358,094 |
) |
|