| Segment Reporting |
Note 16 – Segment reporting
The Company consists of two types of operations. Focus Universal,
Inc. and Perfecular Inc. (“Focus”) 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. The table below discloses
income statement information by segment.
| |
|
Nine Months Ended September 30, 2019 |
|
| |
|
Focus |
|
|
AVX |
|
|
Total |
|
| |
|
|
|
|
|
|
|
|
|
| Revenue |
|
$ |
436,070 |
|
|
$ |
548,875 |
|
|
$ |
984,945 |
|
| Revenue - related party |
|
|
10,300 |
|
|
|
– |
|
|
|
10,300 |
|
| Total revenue |
|
|
446,370 |
|
|
|
548,875 |
|
|
|
995,245 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Cost of Revenue |
|
|
341,319 |
|
|
|
411,132 |
|
|
|
752,451 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Gross Profit |
|
|
105,051 |
|
|
|
137,743 |
|
|
|
242,794 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Operation Expenses: |
|
|
|
|
|
|
|
|
|
|
|
|
| Selling expense |
|
|
– |
|
|
|
183,570 |
|
|
|
183,570 |
|
| Compensation – officers |
|
|
90,000 |
|
|
|
16,580 |
|
|
|
106,580 |
|
| Research and development |
|
|
193,002 |
|
|
|
– |
|
|
|
193,002 |
|
| Professional fees |
|
|
954,307 |
|
|
|
17,482 |
|
|
|
971,789 |
|
| General and administrative |
|
|
478,857 |
|
|
|
140,274 |
|
|
|
619,131 |
|
| Total Operating Expenses |
|
|
1,716,166 |
|
|
|
357,906 |
|
|
|
2,074,072 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Loss from Operations |
|
|
(1,611,115 |
) |
|
|
(220,163 |
) |
|
|
(1,831,278 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Other Income (Expense) |
|
|
|
|
|
|
|
|
|
|
|
|
| Interest income (expense), net |
|
|
836 |
|
|
|
– |
|
|
|
836 |
|
| Other income |
|
|
10.440 |
|
|
|
– |
|
|
|
10,440 |
|
| Total other income (expense) |
|
|
11,276 |
|
|
|
– |
|
|
|
11,276 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Loss before income taxes |
|
|
(1,599,839 |
) |
|
|
(220,163 |
) |
|
|
(1,820,002 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Tax expense |
|
|
– |
|
|
|
– |
|
|
|
– |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Net Loss |
|
$ |
(1,599,839 |
) |
|
$ |
(220,163 |
) |
|
$ |
(1,820,002 |
) |
|