Focus Universal Inc. General form of registration statement for all companies including face-amount certificate companies

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

14. Segment Reporting (March 2019 Note)

14. Segment Reporting (March 2019 Note)

3 Months Ended

Mar. 31, 2019

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	)