| Segment information table |
| |
|
Year ended December 31, 2019 |
|
| |
|
Focus |
|
|
AVX |
|
|
Total |
|
| |
|
|
|
|
|
|
|
|
|
| Revenue |
|
$ |
628,953 |
|
|
$ |
817,233 |
|
|
$ |
1,446,186 |
|
| Revenue - related party |
|
|
14,184 |
|
|
|
– |
|
|
|
14,184 |
|
| Total revenue |
|
|
643,137 |
|
|
|
817,233 |
|
|
|
1,460,370 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Cost of Revenue |
|
|
461,076 |
|
|
|
881,063 |
|
|
|
1,342,139 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Gross Profit |
|
|
182,061 |
|
|
|
(63,830 |
) |
|
|
118,231 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Operation Expenses: |
|
|
|
|
|
|
|
|
|
|
|
|
| Selling |
|
|
23,907 |
|
|
|
22,717 |
|
|
|
46,624 |
|
| Compensation - officers |
|
|
150,154 |
|
|
|
– |
|
|
|
150,154 |
|
| Research and development |
|
|
255,232 |
|
|
|
– |
|
|
|
255,232 |
|
| Professional fees |
|
|
1,370,262 |
|
|
|
6,733 |
|
|
|
1,376,995 |
|
| General and administrative |
|
|
835,999 |
|
|
|
277,202 |
|
|
|
1,113,201 |
|
| Goodwill impairment |
|
|
458,490 |
|
|
|
– |
|
|
|
458,490 |
|
| Intangible assets impairment |
|
|
47,975 |
|
|
|
– |
|
|
|
47,975 |
|
| Total Operating Expenses |
|
|
3,142,019 |
|
|
|
306,652 |
|
|
|
3,448,671 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Loss from Operations |
|
|
(2,959,958 |
) |
|
|
(370,482 |
) |
|
|
(3,330,440 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Other Income (Expense) |
|
|
|
|
|
|
|
|
|
|
|
|
| Interest income (expense), net |
|
|
2,273 |
|
|
|
(16 |
) |
|
|
2,257 |
|
| Interest (expense) – related party |
|
|
(1,750 |
) |
|
|
– |
|
|
|
(1,750 |
) |
| Other income |
|
|
154,390 |
|
|
|
– |
|
|
|
154,390 |
|
| Total other income (expense) |
|
|
154,913 |
|
|
|
(16 |
) |
|
|
154,897 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Loss before income taxes |
|
|
(2,805,045 |
) |
|
|
(370,498 |
) |
|
|
(3,175,543 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Tax expense |
|
|
– |
|
|
|
– |
|
|
|
– |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Net Loss |
|
$ |
(2,805,045 |
) |
|
$ |
(370,498 |
) |
|
$ |
(3,175,543 |
) |
|