Quarterly report pursuant to Section 13 or 15(d)

14. Segment Reporting

v3.19.1
14. Segment Reporting
 3 Months Ended
Mar. 31, 2019
Segment Reporting [Abstract]  
Segment Reporting

Note 14 – Segment Reporting

 

The Company’s operation consists of two separate types of operations. Focus Universal Inc. and Perfecular Inc. (“Focus”) business operations involve wholesale, research and development of universal smart instrument and farming devices. AVX Design & Integration, Inc. (“AVX”) is an IoT installation and management company specializes high performance, easy to use audio/video, home theater, lighting control, automation and integration. The table below discloses income statements segment reporting of the separate business models.

 

    Focus     AVX     Total  
                   
Revenue   $ 111,193     $ 128,545     $ 239,738  
Revenue - related party     3,000       –       3,000  
Total revenue     114,193       128,545       242,738  
                         
Cost of Revenue     87,179       34,949       122,128  
                         
Gross Profit     27,014       93,596       120,610  
                         
Operation Expenses:                        
Selling     –       9,209       9,209  
Compensation - officers     30,000       1,675       31,675  
Research and development     62,004       –       62,004  
Professional fees     353,845       1,429       355,274  
General and administrative     98,920       11,536       110,456  
Total Operating Expenses     544,769       23,849       568,618  
                         
Net Income (Loss) from Operations     (517,755 )     69,747       (448,008 )
                         
Other Income                        
Interest income, net     725       –       725  
Total other expense     725       –       725  
                         
Loss before income taxes     (517,030 )     69,747       (447,283 )
                         
Tax expense     –       –       –  
                         
Net Loss   $ (517,030 )   $ 69,747     $ (447,283 )