Quarterly report [Sections 13 or 15(d)]

Property and Equipment

v3.26.1
Property and Equipment
 6 Months Ended
Jun. 30, 2026
Property, Plant, and Equipment [Abstract]  
Property and Equipment

Note 5 – Property and Equipment

 

On January 21, 2026, the Company entered into a purchase, sale, and escrow agreement with 901 Corporate Center, LP to acquire a 100,743 sq. ft. office and commercial building, along with a four-level parking structure, located in Monterey Park, California. The purchase price was $17,700,000, of which $8,862,095 and $5,148,306 has been preliminarily allocated to Building, Land, respectively. As of April 17, 2026, the Company and Lusher Holding LLC completed the purchase of the building. The building will serve as Focus Universal’s principal headquarters and is expected to carry the same rent roll in 2026 as it did in 2025.

 

At June 30, 2026 and December 31, 2025, property and equipment consisted of the following:

           
    June 30, 2026     December 31, 2025  
Building   $ 8,862,095     $ –  
Land     5,148,306       –  
Building improvement     595,455       14,620  
Furniture and fixtures     43,140       42,676  
Equipment     3,285,803       168,749  
Software     1,995       1,995  
Total cost     17,936,794       228,040  
Less accumulated depreciation     (361,205 )     (161,335 )
Property and equipment, net   $ 17,575,589     $ 66,705  

 

Depreciation expense for the six months ended June 30, 2026 and 2025 amounted to $198,588 and $10,959, respectively.