| Pro Forma Consolidated Statements of Operations |
The Basis
of the following unaudited pro forma consolidated statements of operations of the Company is as if the acquisition of Perfecular
by Focus had occurred on January 1, 2015. The pro forma consolidated statements of operations were derived from Focus and Perfecular’s
the statements of operations for the three and nine months ended September 30, 2016.
The pro forma
consolidated statements of operations do not necessarily reflect what the consolidated company’s financial condition or
results of operations would have been had the acquisition occurred on the dates indicated. They also may not be useful in predicting
the future financial condition and results of operations of the consolidated company. The actual financial position and results
of operations may differ significantly from the pro forma amounts reflected herein due to a variety of factors.
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 |
) |
|