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

15. Segment Reporting (June 30, 2019)

15. Segment Reporting (June 30, 2019)

6 Months Ended

Jun. 30, 2019

Note 14 – Segment reporting

The Company’s operation consists of two separate types of operations. Focus Universal, Inc. and Perfecular Inc. (“Focus”) main business operation involves 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. Table below discloses income statements segment reporting of the separate business models.

	Focus			AVX		Total

Revenue	$	208,838		$	451,237	$	660,075
Revenue - related party		3,000			–		3,000
Total revenue		211,838			451,237		663,075

Cost of Revenue		174,822			229,258		404,080

Gross Profit		37,016			221,979		258,995

Operation Expenses:
Selling		–			89,666		89,666
Compensation - officers		60,000			1,675		61,675
Research and development		126,720			–		126,720
Professional fees		567,535			4,604		572,139
General and administrative		291,272			57,895		349,170
Total Operating Expenses		1,045,530			153,840		1,199,370

Loss from Operations		(1,008,514	)		68,139		(940,375	)

Other Income (Expense)
Interest income (expense), net		1,068			–		1,068
Other income		1,980			–		1,980
Total other expense		3,048			–		3,048

Loss before income taxes		(1,005,466	)		68,139		(937,327	)

Tax expense		–			–		–

Net Loss	$	(1,005,466	)	$	68,139	$	(937,327	)